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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. Total assets have grown from $408K in 2011 to $736K in 2023. The foundation is governed by 2 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 2019 to 2024. 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.
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 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 | N/A |
| Margaret E Parks | VICE-PRESIDENT | $0 | $0 | N/A |
Total Giving
$102K
Total Assets
$736K
Fair Market Value
$2.2M
Net Worth
$736K
Grants Paid
$88K
Contributions
N/A
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 |