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Park Family Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2017. The principal officer is Foundation Source. It holds total assets of $208K. Annual income is reported at $11K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. The foundation primarily funds organizations in Massachusetts, New Jersey and Pennsylvania. According to available records, Park Family Foundation Inc. has made 24 grants totaling $225K, with a median grant of $5K. Annual giving has grown from $57K in 2020 to $84K in 2023. Grantmaking activity was highest in 2022 with $85K distributed across 12 grants. Individual grants have ranged from $500 to $40K, with an average award of $9K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in New Jersey, Massachusetts, Pennsylvania, which account for 71% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$8K
Average Grant
$8K
Largest Grant
$10K
Based on 3 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Park Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in NJ, MA, PA.
Park Family Foundation Inc. has distributed a total of $225K across 24 grants. The median grant size is $5K, with an average of $9K. Individual grants have ranged from $500 to $40K.
Park Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Park Family Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William Park | Pres, Dir, Sec, Treas | $0 | $0 | N/A |
Total Giving
$89K
Total Assets
$242K
Fair Market Value
$242K
Net Worth
$242K
Grants Paid
$84K
Contributions
N/A
Net Investment Income
$12K
Distribution Amount
$12K
Total Grants
24
Total Giving
$225K
Average Grant
$9K
Median Grant
$5K
Unique Recipients
8
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Trustees Of The Lawrenceville SchoolCapital Campaign | Lawrenceville, NJ | $40K | 2023 |
| President And Fellows Of Harvard CollegeParents Fund | Cambridge, MA | $25K | 2023 |
| Massachusetts Institute Of TechnologyFuture Science FUND for the School of Science | Cambridge, MA | $10K | 2023 |
| United States Squash Racquets Association IncCommunity Initiative at the Arlen Specter US Squash Center at the Armory | Philadelphia, PA | $5K | 2023 |
| Missioncleanwaterresearch FUND led by Dylan Oster to design a bio-sand filter for a low-cost water purification system | Scotch Plains, NJ | $500 | 2023 |
| Wall Street BoundGeneral & Unrestricted | New York, NY | $500 | 2023 |
| Waterside School Incfaculty support and professional development | Stamford, CT | $5K | 2022 |
| Squash Haven IncSquash Haven Showdown | New Haven, CT | $500 | 2022 |