E & H Parnes Foundation INC
E & H Parnes Foundation INC is a private foundation based in Edison, New Jersey. The organization has been tax-exempt since November 1972 and operates as a 501(c)(3) charitable organization with no employees.
Key facts about E & H Parnes Foundation INC
- EIN
- 23-7237932
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $885,762
- Grants made (2024)
- 42
- Average grant
- $21,090
- Median grant
- $8,250
- New grantees (estimate)
- 24% first-time grantees (10 of 42, 2024)
- Total assets
- $8,962,614
- Primary geography
- New York (88% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who E & H Parnes Foundation INC funds
By grant dollars, the top recipient states for E & H Parnes Foundation INC's 42 itemized 2024 grants were New York (88%) and New Jersey (12%). The most frequent recipient cities were Brooklyn, NY (17 grants), Lakewood, NJ (7 grants), Monsey, NY (7 grants) and Suffern, NY (2 grants). None of its 42 grants with a stated purpose were described as general or operating support. Recurring purposes include "Spiritual Development" (9 grants), "Religious Activities" (5 grants) and "Religious Education" (3 grants).
Is E & H Parnes Foundation INC open to new grantees?
24%
first-time grantees, 2024
In 2024, 10 of 42 grantees (24%) were first-time recipients. First grants averaged $8K; repeat grants $25K. How we count
Medians: $2K first-time, $9K repeat.
- 69% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 215% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with E & H Parnes Foundation INC
- How to evaluate E & H Parnes Foundation INC as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.0M
+5.9% YoY
Annual Giving
$886K
+36.8% YoY
Grant Count
42
+23.5% YoY
Avg Grant Size
$21K
+10.7% YoY
Under IRS private-foundation payout rules, E & H Parnes Foundation INC reported a distributable amount of $419K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grant-making priorities focus on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Religion-Related causes
Grantmaking
The foundation maintains an active grantmaking program, though specific application procedures are not documented in available sources.
Ready to take the next step with E & H Parnes Foundation INC?
Geographic Focus
Where this funder awards grants
The foundation primarily directs grants to organizations in:
- New York
- New Jersey
- Michigan
Grant Distribution by State
Share of all 42 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets | $8,463,244 |
| Total Annual Giving | $647,705 |
Financial data is based on the most recent IRS Form 990 filing from 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,962,614 | $8,463,244 | $7,483,315 |
| Revenue | $1,401,727 | $1,648,497 | $1,767,733 |
| Expenses | $902,357 | $668,568 | $455,439 |
| Qualifying Distributions | $902,357 | $668,568 | $455,439 |
| Net Investment Income | $850,132 | $1,043,634 | $1,282,534 |
| Distributable Amount | $419,240 | $382,684 | $324,699 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
136 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Mesivta Yeshiva Rabbi Chaim Berlin ($322,262), Cong Agudath Israel of Boro Park ($214,000), American Friends of Yeshiva D'Mir ($36,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MESIVTA YESHIVA RABBI CHAIM BERLIN Brooklyn, NY | TUITION FOR NEEDY BOYS | $322,262 |
| CONG AGUDATH ISRAEL OF BORO PARK Brooklyn, NY | SPIRITUAL DEVELOPMENT | $214,000 |
| AMERICAN FRIENDS OF YESHIVA D'MIR Brooklyn, NY | RELIGIOUS INSTITUTION | $36,000 |
| AMERICAN FRIENDS OF YESHIVA RASHBI Brooklyn, NY | Furtherance of charitable activities. | $26,000 |
| BMG STUDENT AID FUND Lakewood, NJ | TUITION ASSISTANCE | $25,000 |
| CHESED V EMES INC Lakewood, NJ | TO SUPPORT THE FURTHERANCE OF RELIGIOUS STUDY | $25,000 |
| TORAH UMESORAH Brooklyn, NY | EDUCATIONAL SERVICES | $25,000 |
| CONG TIFERES TORAH Monsey, NY | AID TO NEEDY SCHOLARS | $21,600 |
| FRIENDS OF YESHIVAT HARAN Brooklyn, NY | RELIGIOUS ACTIVITIES | $18,000 |
| TOMCHE SHABBOS OF ROCKLAND COUNT Suffern, NY | PROVIDING FOOD FOR THE NEEDY | $13,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Charles Parnes | Foundation Mana | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does E & H Parnes Foundation INC fund?
The foundation's grant-making priorities focus on: • Education • Philanthropy, Voluntarism & Grantmaking • Religion-Related causes
How do I apply for a grant from E & H Parnes Foundation INC?
**Financial Capacity:** • Total assets: $8,463,244 • Total annual giving: $647,705 • Typical grant awards range from $500 to $459,629 The foundation maintains an active grantmaking program, though specific application procedures are not documented in available sources.
Where does E & H Parnes Foundation INC make grants?
The foundation primarily directs grants to organizations in: • New York • New Jersey • Michigan
What size grants does E & H Parnes Foundation INC award?
In 2024, E & H Parnes Foundation INC awarded 42 grants totaling $886K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is E & H Parnes Foundation INC required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, E & H Parnes Foundation INC reported a distributable amount of $419K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is E & H Parnes Foundation INC's EIN?
E & H Parnes Foundation INC's EIN (Employer Identification Number) is 23-7237932. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.