Para Family Charitable Foundation Inc
Para Family Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPERVILLE, IL. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $85K in total assets. In 2023, it awarded 3 grants totaling $6K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$85K
+8.6% YoY
Annual Giving
$6K
-46.8% YoY
Grant Count
3
-40.0% YoY
Avg Grant Size
$2K
-11.4% YoY
Under IRS private-foundation payout rules, Para Family Charitable Foundation Inc reported a distributable amount of $4K for 2023 — the minimum it must pay out in qualifying distributions.
About Para Family Charitable Foundation Inc
Based on IRS filings
Para Family Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPERVILLE, IL. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $85K in total assets. In 2023, it awarded 3 grants totaling $6K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $85,483 | $78,707 | $89,809 |
| Revenue | $13,450 | $1,000 | $56,523 |
| Expenses | $6,674 | $12,103 | $6,166 |
| Qualifying Distributions | $6,000 | $11,285 | $6,164 |
| Net Investment Income | — | $1,000 | $56,523 |
| Distributable Amount | $4,018 | $4,112 | $3,715 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include The Reach Project ($5,000), Morton Arboretum ($500), Association of Women Martial Arts Instru ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| MORTON ARBORETUM LISLE, IL | FOR PROGRAMS | $500 |
| ASSOCIATION OF WOMEN MARTIAL ARTS INSTRU DAVIS, CA | FOR PROGRAMS | $500 |
| THE REACH PROJECT COLLEGE STATION, TX | FOR PROGRAMS | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BOB PARA | Vice President | — | — |
| JENNIFER PARA | President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Para Family Charitable Foundation Inc?
Para Family Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPERVILLE, IL. It holds $85K in total assets as of 2023.
How large is Para Family Charitable Foundation Inc?
As of 2023, Para Family Charitable Foundation Inc holds $85K in total assets with $13K in annual revenue. It awarded 3 grants totaling $6K in 2023.
Where does Para Family Charitable Foundation Inc operate?
Para Family Charitable Foundation Inc has awarded grants in California, Florida, Georgia, Illinois, Kentucky, Maryland, Texas.
What size grants does Para Family Charitable Foundation Inc award?
In 2023, Para Family Charitable Foundation Inc awarded 3 grants totaling $6K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Para Family Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Para Family Charitable Foundation Inc reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Para Family Charitable Foundation Inc's EIN?
Para Family Charitable Foundation Inc's EIN (Employer Identification Number) is 58-2657190. IRS Form 990 filing data is available on this page for 2020–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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