Hayes Parrucci Foundation Inc

MORGANTOWN, WV EIN: 88-4362650

Hayes Parrucci Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORGANTOWN, WV. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $1.0M in total assets. In 2023, it awarded 1 grants totaling $10K. Net investment income was $50K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$1.0M

+4.1% YoY

Annual Giving

$10K

Grant Count

Avg Grant Size

$10K

Under IRS private-foundation payout rules, Hayes Parrucci Foundation Inc reported a distributable amount of $998 for 2023 — the minimum it must pay out in qualifying distributions.

About Hayes Parrucci Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maryland $10K (100%)

States

Maryland

Cities

Hagerstown

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022
Total Assets	$1,040,512	$1,000,000
Revenue	$50,209	$1,000,000
Expenses	$19,885	$130
Qualifying Distributions	$19,885	$130
Net Investment Income	$50,209	—
Distributable Amount	$998	$37

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 2023

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Doctors Without Borders Usa ($10,000).

Recipient	Purpose	Amount
DOCTORS WITHOUT BORDERS USA HAGERSTOWN, MD	SUPPORT MEDICAL PERSONNEL.	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
SHARON HAYES	PRESIDENT	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Hayes Parrucci Foundation Inc?

Hayes Parrucci Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORGANTOWN, WV. It holds $1.0M in total assets as of 2023.

How large is Hayes Parrucci Foundation Inc?

As of 2023, Hayes Parrucci Foundation Inc holds $1.0M in total assets with $50K in annual revenue. It awarded 1 grants totaling $10K in 2023.

Where does Hayes Parrucci Foundation Inc operate?

Hayes Parrucci Foundation Inc has awarded grants in Maryland.

What size grants does Hayes Parrucci Foundation Inc award?

In 2023, Hayes Parrucci Foundation Inc awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Hayes Parrucci Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Hayes Parrucci Foundation Inc reported a distributable amount of $998 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.