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Parks Family Foundation is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2002. The principal officer is % Merrill Lynch Trust Company. It holds total assets of $1.3M. Annual income is reported at $1.2M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Parks Family Foundation has made 4 grants totaling $157K, with a median grant of $37K. Annual giving has grown from $64K in 2022 to $93K in 2023. Individual grants have ranged from $2K to $82K, with an average award of $39K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Hawaii. Contributions to this foundation are tax-deductible.
Parks Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in HI.
Parks Family Foundation has distributed a total of $157K across 4 grants. The median grant size is $37K, with an average of $39K. Individual grants have ranged from $2K to $82K.
Parks Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Parks Family Foundation is headquartered in PENNINGTON, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John E Parks | PRESIDENT | $0 | $0 | $0 |
| Margaret E Parks | VICE-PRESIDENT | $0 | $0 | $0 |
Total Giving
$102K
Total Assets
$736K
Fair Market Value
$2.2M
Net Worth
$736K
Grants Paid
$88K
Contributions
$0
Net Investment Income
$177K
Distribution Amount
$104K
Total: $709K
Total Grants
4
Total Giving
$157K
Average Grant
$39K
Median Grant
$37K
Unique Recipients
2
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Kakoo OiwiUNRESTRICTED GENERAL | Kaneohe, HI | $82K | 2023 |
| Hawaii Community FoundationUNRESTRICTED GENERAL | Honolulu, HI | $11K | 2023 |
| 2019 | 990PF | View |
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