Parachute Foundation
Parachute Foundation is a private foundation, 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 grant totaling $2K.
Parachute Foundation at a glance
In short: Parachute Foundation gave $2K across 1 grant in 2024 (avg $2K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,585
- -61.1% vs 2023
- Grants made (2024)
- 1
- -66.7% vs 2023
- Average grant
- $1,585
- +16.7% vs 2023
- Median grant
- $1,585
- Total assets
- $1,210
- -56.7% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Parachute Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was The Metropolitan Museum ($2K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Parachute Foundation gives
- In 2024 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 2020 to 2024, annual grant giving ranged from $100 (2022) to $4K (2023). In 2024 it made 1 grant totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Metropolitan Museum New York, NY | Social or Educational | $1,585 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $1,210 | — | $1,585 | $1,585 | 1 | $1,585 | $112 |
| 2023 | $2,795 | $7,000 | $9,078 | $4,076 | 3 | $9,078 | $324 |
| 2022 | $4,873 | $5,000 | $127 | $100 | 1 | $127 | $61 |
| 2021 | — | — | $165 | — | — | — | $4 |
| 2020 | $165 | — | $650 | $350 | 1 | — | $24 |
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.
Leadership & Key People
Officers and directors from IRS filings
Parachute Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Leonard Rauner
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Trena Rauner
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Parachute Foundation
How much does Parachute Foundation give each year?
Parachute Foundation gave $2K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 3 grants.
How large is Parachute Foundation?
Parachute Foundation reported $1K in total assets on its 2024 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $112 (roughly 5% of its investment assets).
Where does Parachute Foundation operate?
Parachute Foundation has awarded grants in New Jersey, New York.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Parachute Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Parachute Foundation's focus areas in our free grants database
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