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Parks Family Foundation is a private corporation based in FULLERTON, CA. The foundation received its IRS ruling in 2021. The principal officer is Kwang W. It holds total assets of $1.3M. Annual income is reported at $730K. Total assets have grown from $300K in 2020 to $951K in 2023. The foundation is governed by 4 officers and trustees. To help underprivileged kids by providing scholarship to achieve their goal. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in California. According to available records, Parks Family Foundation has made 4 grants totaling $57K, with a median grant of $14K. Annual giving has decreased from $46K in 2022 to $11K in 2023. Individual grants have ranged from $5K to $23K, with an average award of $14K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$6K
Average Grant
$6K
Largest Grant
$8K
Based on 3 grants from the most recent 990-PF filing.
To help underprivileged kids by providing scholarship to achieve their goal.
Expenses: N/A
To help underprivileged kids by providing scholarship to achieve their goal. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in CA.
Parks Family Foundation has distributed a total of $57K across 4 grants. The median grant size is $14K, with an average of $14K. Individual grants have ranged from $5K to $23K.
Parks Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Parks Family Foundation is headquartered in FULLERTON, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kwang W Park | PRESIDENT | $0 | $0 | N/A |
| Lina Park | SECRETARY | $0 | $0 | N/A |
| Sang Hyuk Park | CFO | $0 | $0 | N/A |
| Jin H Park | VICE PRESIDE | $0 | $0 | N/A |
Total Giving
$18K
Total Assets
$951K
Fair Market Value
$970K
Net Worth
$951K
Grants Paid
$11K
Contributions
$300K
Net Investment Income
$14K
Distribution Amount
N/A
Total: N/A
Total Grants
4
Total Giving
$57K
Average Grant
$14K
Median Grant
$14K
Unique Recipients
2
Most Common Grant
$23K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Africa Future FoundationDONATION | Fullerton, CA | $6K | 2023 |
| Youstar FoundationDONATION | La Mirada, CA | $5K | 2023 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA