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.
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.
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Geographic Focus
Where this funder awards grants
The foundation primarily directs grants to organizations in:
- New York
- New Jersey
- Michigan
Grant Distribution by State
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 |
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 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 |
|---|---|---|
| AMERICAN FRIENDS OF YESHIVA D'MIR BROOKLYN, NY | RELIGIOUS INSTITUTION | $36,000 |
| CONG AGUDATH ISRAEL OF BORO PARK BROOKLYN, NY | SPIRITUAL DEVELOPMENT | $214,000 |
| AMERICAN FRIENDS OF YESHIVA RASHBI BROOKLYN, NY | Furtherance of charitable activities. | $26,000 |
| AMERICAN FRIENDS OF BAIT SHMAYA SCH BALTIMORE, MD | RELIGIOUS ACTIVITIES | $1,000 |
| BAIS MEDRASH GOVAHA LAKEWOOD, NJ | RELIGIOUS ACTIVITIES | $10,000 |
| BETH ABBA TRUST BROOKLYN, NY | FURTHERANCE OF CHARITABLE ACTIVITIES | $6,000 |
| BETH MEDROSH KOVETZ AL YAD BROOKLYN, NY | SPIRITUAL DEVELOPMENT | $1,000 |
| CONG AHAVAS CHESED TORAH LAKEWODO, NJ | FOOD FOR THE NEEDY | $10,000 |
| CONG TIFERES TORAH MONSEY, NY | AID TO NEEDY SCHOLARS | $21,600 |
| FRIENDS OF YESHIVAT HARAN BROOKLYN, NY | RELIGIOUS ACTIVITIES | $18,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in E & H Parnes Foundation INC's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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