Parachute Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BERGENFIELD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1K in total assets. In 2024, it awarded 1 grants totaling $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1K
-56.7% YoY
Annual Giving
$2K
-61.1% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$2K
+16.7% YoY
Under IRS private-foundation payout rules, Parachute Foundation reported a distributable amount of $112 for 2024 — the minimum it must pay out in qualifying distributions.
About Parachute Foundation
Based on IRS filings
Parachute Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BERGENFIELD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1K in total assets. In 2024, it awarded 1 grants totaling $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,210 | $2,795 | $4,873 |
| Revenue | — | $7,000 | $5,000 |
| Expenses | $1,585 | $9,078 | $127 |
| Qualifying Distributions | $1,585 | $9,078 | $127 |
| Net Investment Income | — | — | — |
| Distributable Amount | $112 | $324 | $61 |
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
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Metropolitan Museum ($1,585).
| Recipient | Purpose | Amount |
|---|---|---|
| THE METROPOLITAN MUSEUM NEW YORK, NY | SOCIAL OR EDUCATIONAL | $1,585 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEONARD RAUNER | DIRECTOR | 0.1 | — |
| TRENA RAUNER | DIRECTOR | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Parachute Foundation?
Parachute Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BERGENFIELD, NJ. It holds $1K in total assets as of 2024.
How large is Parachute Foundation?
As of 2024, Parachute Foundation holds $1K in total assets. It awarded 1 grants totaling $2K in 2024.
Where does Parachute Foundation operate?
Parachute Foundation has awarded grants in New Jersey, New York.
What size grants does Parachute Foundation award?
In 2024, Parachute Foundation awarded 1 grants totaling $2K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Parachute Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Parachute Foundation reported a distributable amount of $112 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Parachute Foundation's EIN?
Parachute Foundation's EIN (Employer Identification Number) is 27-1539486. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Parachute Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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