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Parks Bell Foundation is a private corporation based in MIDLAND, TX. The foundation received its IRS ruling in 2017. The principal officer is Larry J Bell. It holds total assets of $4M. Annual income is reported at $3.7M. Total assets have grown from $566K in 2019 to $2.5M in 2023. The foundation is governed by 4 officers and trustees. 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. Funding is distributed across 4 states, including Texas, California, Virginia. According to available records, Parks Bell Foundation has made 26 grants totaling $1.1M, with a median grant of $10K. Annual giving has grown from $113K in 2020 to $664K in 2022. Individual grants have ranged from $1K to $605K, with an average award of $40K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in Texas, California, Virginia, which account for 85% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$8K
Median Grant
$13K
Average Grant
$14K
Largest Grant
$25K
Based on 8 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.
Parks Bell Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 26 grants. Its grantmaking reaches organizations primarily in TX, CA, VA.
Parks Bell Foundation has distributed a total of $1.1M across 26 grants. The median grant size is $10K, with an average of $40K. Individual grants have ranged from $1K to $605K.
Parks Bell Foundation typically selects its grantees rather than accepting unsolicited proposals. The grant should be spent towards humanitarian, educational and health services, particularly children and families in need.
Parks Bell Foundation is headquartered in MIDLAND, TX. While based in TX, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Larry Bell | PRESIDENT | $0 | $0 | N/A |
| Ellen Parks Bell | VICE PRESIDENT | $0 | $0 | N/A |
| Nicholas Scarafile | TREASURER | $0 | $0 | N/A |
| Kara Bell | SECRETARY, DIRECTOR | $0 | $0 | N/A |
Total Giving
$842K
Total Assets
$2.5M
Fair Market Value
$2.5M
Net Worth
$2.5M
Grants Paid
$818K
Contributions
$1.8M
Net Investment Income
$590K
Distribution Amount
$84K
Total: N/A
Total Grants
26
Total Giving
$1.1M
Average Grant
$40K
Median Grant
$10K
Unique Recipients
13
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Amy Bell Charities IncGENERAL SUPPORT | Midland, TX | $605K | 2022 |
| African Childrens Schools FoundationHUMANITARIAN SERVICES AND EDUCATIONAL | Bakersfield, CA | $10K | 2022 |
| Childfund InternationalEDUCATIONAL AND NUTRITION | Richmond, VA | $10K | 2022 |
| Ncha FoundationAMY BELL MEMORIAL AWARD FUND | Fort Worth, TX | $10K | 2022 |
| First Odessa Christian AcademyFEED THE NEED | Odessa, TX | $8K | 2022 |
| Eastern New Mexico University FoundationAREA OF GREATEST NEED | Portales, NM | $5K | 2022 |
| Horsemen For ChristCRISIS FUND | Wichita Falls, TX | $5K | 2022 |
| Aqh FoundationDOGWOOD CHALLENGE | Amarillo, TX | $5K | 2022 |
| Trinity School Of Midland TexasAMY BELL PAY IT FORWARD | Midland, TX | $5K | 2022 |
| Sci FoundationHUMANITARIAN AID | Tucson, AZ | $1K | 2022 |
| Community Foundation Of AbileneAMY BELL SCHOLARSHIP FUND AND DARLENE HICKS MEMORIAL SCHOLARSHIP FUND | Abilene, TX | $15K | 2021 |
| Kalene Advancement IncAMY BELL SCHOOL AND HILLWOOD ORPHANAGE | Angwin, CA | $10K | 2021 |
| Nrcha FoundationYOUTH SCHOLARSHIP FUND | Pilot Point, TX | $10K | 2020 |