Paraszczak Family Foundation Inc

LIBERTYVILLE, IL EIN: 87-3774882

Paraszczak Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LIBERTYVILLE, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $310K in total assets. In 2024, it awarded 8 grants totaling $15K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$310K

+60.2% YoY

Annual Giving

$15K

+65.2% YoY

Grant Count

-11.1% YoY

Avg Grant Size

$2K

+85.8% YoY

Under IRS private-foundation payout rules, Paraszczak Family Foundation Inc reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.

About Paraszczak Family 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

Illinois $15K (53%)

Tennessee $8K (28%)

New York $2K (8%)

Florida $2K (7%)

South Carolina $504 (2%)

District of Columbia $500 (2%)

California $163 (1%)

States

California District of Columbia Florida Illinois New York South Carolina Tennessee

Cities

ChicagoLakewoodLibertyvilleMemphisSimpsonvilleStaten IslandTampaWashinton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$309,922	$193,423	$153,465
Revenue	$132,872	$52,860	$52,600
Expenses	$16,373	$12,902	$8,135
Qualifying Distributions	$14,720	$8,913	$5,529
Net Investment Income	—	—	$2,600
Distributable Amount	$12,555	$8,174	$989

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

24 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include St Jude Children's Research Hospital ($7,000), Depaul University ($2,500), Tunnels to Towers Foundation ($1,200).

Recipient	Purpose	Amount
ANN & ROBERT H LURIE CHILDRENS HOSPITAL OF CHICAGO CHICAGO, IL	SUPPORT ORGANIZATION'S CHARITABLE MISSION	$900
DEPAUL UNIVERSITY CHICAGO, IL	SUPPORT ORGANIZATION'S CHARITABLE MISSION	$2,500
MAINSTREET LIBERTVILLE LIBERTYVILLE, IL	SUPPORT ORGANIZATION'S CHARITABLE MISSION	$500
SHRINERS HOSPITALS FOR CHILDREN TAMPA, FL	SUPPORT ORGANIZATION'S CHARITABLE MISSION	$1,000
ST JOSEPHS CHICAGO, IL	SUPPORT ORGANIZATION'S CHARITABLE MISSION	$620
ST JUDE CHILDREN'S RESEARCH HOSPITAL MEMPHIS, TN	SUPPORT ORGANIZATION'S CHARITABLE MISSION	$7,000
TUNNELS TO TOWERS FOUNDATION STATEN ISLAND, NY	SUPPORT ORGANIZATION'S CHARITABLE MISSION	$1,200
THE SALVATION ARMY CHICAGO, IL	SUPPORT ORGANIZATION'S CHARITABLE MISSION	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOHN S PARASZCZAK	DIRECTOR	5	—
JANICE PARASZCZAK	DIRECTOR	5	—
JOHN P PARASZCZAK	DIRECTOR	5	—
AMANDA WALKER	DIRECTOR	5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Paraszczak Family Foundation Inc?

Paraszczak Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LIBERTYVILLE, IL. It holds $310K in total assets as of 2024.

How large is Paraszczak Family Foundation Inc?

As of 2024, Paraszczak Family Foundation Inc holds $310K in total assets with $133K in annual revenue. It awarded 8 grants totaling $15K in 2024.

Where does Paraszczak Family Foundation Inc operate?

Paraszczak Family Foundation Inc has awarded grants in California, District of Columbia, Florida, Illinois, New York, South Carolina, Tennessee.

What size grants does Paraszczak Family Foundation Inc award?

In 2024, Paraszczak Family Foundation Inc awarded 8 grants totaling $15K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Paraszczak Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Paraszczak Family Foundation Inc reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Paraszczak Family Foundation Inc's EIN?

Paraszczak Family Foundation Inc's EIN (Employer Identification Number) is 87-3774882. IRS Form 990 filing data is available on this page for 2021–2024.