Michael a Parlato Scholarship Fund
Michael a Parlato Scholarship Fund is a private foundation, based in Dallas, TX. IRS filing data is available from 2019 through 2023. In 2023, it awarded 2 grants totaling $85K. Net investment income was $5K.
Michael a Parlato Scholarship Fund at a glance
In short: Michael a Parlato Scholarship Fund gave $85K across 2 grants in 2023 (avg $43K), mostly in Connecticut. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $85,067
- +2026.7% vs 2022
- Grants made (2023)
- 2
- +100.0% vs 2022
- Average grant
- $42,534
- +963.3% vs 2022
- Median grant
- $42,534
- Primary geography
- Connecticut (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Michael a Parlato Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
The largest 2023 recipient was Valley Community Foundation ($81K). Together the top 2 received $85K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 2 itemized grants.
States
Cities
How Michael a Parlato Scholarship Fund gives
- Giving grew 2402% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $3K (2019) to $85K (2023). In 2023 it made 2 grants totaling $85K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Valley Community Foundation New Haven, CT | Unrestricted General | $80,567 |
| Paier College of Art Bridgeport, CT | Scholarships | $4,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $7,037 | $92,961 | $85,067 | 2 | $90,725 | $4,690 | $4,255 |
| 2022 | $85,891 | $-2,262 | $8,163 | $4,000 | 1 | $6,175 | $232 | $4,757 |
| 2021 | $96,308 | $19,751 | $4,899 | — | — | $3,135 | $17,995 | $5,280 |
| 2020 | $81,351 | $6,580 | $6,063 | $3,400 | 1 | — | $5,087 | $4,549 |
| 2019 | $80,728 | $5,448 | $5,974 | $3,400 | 2 | — | $4,209 | $4,439 |
Under IRS private-foundation payout rules, Michael a Parlato Scholarship Fund reported a distributable amount of $4K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Michael a Parlato Scholarship Fund's only listed officer is Bank Of America, Trustee on every filing since 2019 (compensated).
Officers on the 2023 filing
Bank Of America
Trustee
On filings since 2019
1 hr/week
$1K (2019) → $855 (2023)
Data from IRS Form 990 filings, 2019–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $855, to Bank of America (Trustee).
Frequently asked questions about Michael a Parlato Scholarship Fund
How much does Michael a Parlato Scholarship Fund give each year?
Michael a Parlato Scholarship Fund gave $85K across 2 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $4K across 1 grant.
Where does Michael a Parlato Scholarship Fund operate?
Michael a Parlato Scholarship Fund has awarded grants in Connecticut.
How much is Michael a Parlato Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Michael a Parlato Scholarship Fund reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael a Parlato Scholarship Fund's EIN?
Michael a Parlato Scholarship Fund's EIN (Employer Identification Number) is 06-6099124. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 26, 2020)
- IRS filings on file for fiscal years 2020–2023
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