MEDINA, OH

Park Family Foundation

Quick Facts

EIN: 200791170
Location: MEDINA, OH
Phone: (216) 265-2527
Category: Philanthropy & Grantmaking
Total Assets: $37.4M
Annual Income: $11.2M
IRS Ruling Year: 2004
Organization Type: Non-Operating Foundation
Principal Officer: % Raymond P Park
Tax Deductibility: Contributions are deductible

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About This Foundation

Park Family Foundation is a private corporation based in MEDINA, OH. The foundation received its IRS ruling in 2004. The principal officer is % Raymond P Park. It holds total assets of $37.4M. Annual income is reported at $11.2M. THE PARK FOUNDATION DID NOT ENGAGE IN ANY DIRECT CHARITABLE ACTIVITIES DURING 2021. According to available records, Park Family Foundation has made 320 grants totaling $18.8M, with a median grant of $25K. The foundation has distributed between $3.2M and $8.3M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $8.3M distributed across 122 grants. Individual grants have ranged from $500 to $1M, with an average award of $59K. The foundation has supported 136 unique organizations. The foundation primarily supports organizations in Ohio, Florida, Oregon, which account for 61% of all grants. Grantmaking reaches organizations across 22 states. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

THE PARK FOUNDATION DID NOT ENGAGE IN ANY DIRECT CHARITABLE ACTIVITIES DURING 2023

Frequently Asked Questions

What does Park Family Foundation fund?

THE PARK FOUNDATION DID NOT ENGAGE IN ANY DIRECT CHARITABLE ACTIVITIES DURING 2021. Based on available records, the foundation has funded 320 grants. Its grantmaking reaches organizations primarily in OH, FL, OR.

How much does Park Family Foundation give in grants?

Park Family Foundation has distributed a total of $18.8M across 320 grants. The median grant size is $25K, with an average of $59K. Individual grants have ranged from $500 to $1M.

How do I apply for a grant from Park Family Foundation?

Park Family Foundation typically selects its grantees rather than accepting unsolicited proposals.

Where is Park Family Foundation located?

Park Family Foundation is headquartered in MEDINA, OH. While based in OH, the foundation distributes grants to organizations across 22 states.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
Raymond P Park	PRESIDENT	$0	$0	$0
Piper A Park	VICE PRESIDENT	$0	$0	$0
Dan K Park	VICE PRESIDENT	$0	$0	$0
Patrick M Park	VICE PRESIDENT	$0	$0	$0
Kelly C Park	VICE PRESIDENT, TREASURER	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$3.8M

2023-12%

Total Assets

$34.9M

2023-8%

Fair Market Value

$65M

2023

Net Worth

$34.9M

2023

Grants Paid

$3.6M

2023

Contributions

2023

Net Investment Income

$1.3M

2023

Distribution Amount

$2.6M

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $24.5M

Corporate Stock (48%)

Government Obligations (46%)

Other Investments (6%)

Cash (0%)

Revenue Sources (2023)

Dividends: $1.1M
Capital Gains (Net): $388K

Financial Details (2023)

Total Revenue: $1.5M
Total Expenses: $3.8M
Exempt Purpose Expenses: $3.6M
Required Distribution: $2.6M
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $19K
Tax Due: $5K

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

320

Total Giving

$18.8M

Average Grant

$59K

Median Grant

$25K

Unique Recipients

136

Most Common Grant

$10K

Grant Disbursements by Year

Grant Range

Min$500

Max$1M

Median: $25K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

OH$4.9M (68)

FL$3M (32)

OR$2.9M (94)

NV$2M (17)

MN$1.6M (9)

CA$1.5M (19)

Past Grantees

Recipient	Location	Amount	Year
Mayo ClinicCHARITBLE CONTRIBUTION - GENERAL OPERATING SUPPORT	Rochester, MN	$500K	2023
Keep Memory AliveCHARITBLE CONTRIBUTION - GENERAL OPERATING SUPPORT	Las Vegas, NV	$200K	2023
Ucla FoundationCHARITBLE CONTRIBUTION - GENERAL OPERATING SUPPORT	Los Angeles, CA	$130K	2023
Palm Beach Zoo & Conservation SocietyCHARITBLE CONTRIBUTION - GENERAL OPERATING SUPPORT	West Palm Beach, FL	$100K	2023
Allegheny Health NetworkCHARITBLE CONTRIBUTION - GENERAL OPERATING SUPPORT	Pittsburgh, PA