Gerald J & Eleanor Parsons

CHESTER SPRINGS, PA EIN: 93-4767471

Gerald J & Eleanor Parsons is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHESTER SPRINGS, PA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $536K in total assets. In 2024, it awarded 1 grants totaling $50K. Net investment income was $29K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$536K

+3.7% YoY

Annual Giving

$50K

Grant Count

Avg Grant Size

$50K

Under IRS private-foundation payout rules, Gerald J & Eleanor Parsons reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.

About Gerald J & Eleanor Parsons

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $50K (100%)

States

Pennsylvania

Cities

Exton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$536,251	$517,236
Revenue	$32,690	$594,319
Expenses	$53,553	$142
Qualifying Distributions	$50,000	—
Net Investment Income	$29,137	$83,332
Distributable Amount	$26,350	$11,579

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include United Way of Chester County ($50,000).

Recipient	Purpose	Amount
UNITED WAY OF CHESTER COUNTY EXTON, PA	COMMUNITY NEEDS	$50,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GERALD J PARSONS	PRESIDENT	—	—
ELEANOR PARSONS	TREASURER	—	—
KATHRYN L MONTONE	SECRETARY	—	—
BRIAN C PARSONS	DIRECTOR	—	—
MICHAEL P PARSONS	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Gerald J & Eleanor Parsons?

Gerald J & Eleanor Parsons is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHESTER SPRINGS, PA. It holds $536K in total assets as of 2024.

How large is Gerald J & Eleanor Parsons?

As of 2024, Gerald J & Eleanor Parsons holds $536K in total assets with $33K in annual revenue. It awarded 1 grants totaling $50K in 2024.

Where does Gerald J & Eleanor Parsons operate?

Gerald J & Eleanor Parsons has awarded grants in Pennsylvania.

What size grants does Gerald J & Eleanor Parsons award?

In 2024, Gerald J & Eleanor Parsons awarded 1 grants totaling $50K — an average of about $50K per grant, based on its IRS Form 990 filings.

How much is Gerald J & Eleanor Parsons required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gerald J & Eleanor Parsons reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.