Parekh Family Foundation Inc
Parekh Family Foundation Inc is a private foundation, based in Park Ridge, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $716K in total assets. In 2025, it awarded 5 grants totaling $55K. Net investment income was $35K.
Parekh Family Foundation Inc at a glance
In short: Parekh Family Foundation Inc gave $55K across 5 grants in 2025 (avg $11K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $55,190
- +40.8% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $11,038
- +40.8% vs 2024
- Median grant
- $7,500
- Total assets
- $715,598
- -4.3% vs 2024
- Primary geography
- Florida (95% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Parekh Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Gulfshore Playhouse ($35K). Together the top 5 received $55K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 30 grants of 31 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Parekh Family Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+10%). Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $39K (2024) to $69K (2023). In 2025 it made 5 grants totaling $55K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Gulfshore Playhouse Naples, FL | General Operating Support | $35,000 |
| ARTIS - Naples Naples, FL | General Operating Support | $10,000 |
| NCH Center for Philanthropy Naples, FL | General Operating Support | $7,500 |
| Wyckoff Family YMCA Wyckoff, NJ | General Operating Support | $1,690 |
| Mevo Mahwah, NJ | General Operating Support | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $715,598 | $38,589 | $70,786 | $55,190 | 5 | $66,288 | $34,779 | $71,814 |
| 2024 | $747,935 | $54,020 | $54,093 | $39,190 | 5 | $50,274 | $30,201 | $62,291 |
| 2023 | $748,478 | $21,995 | $91,144 | $69,190 | 4 | $78,846 | $9,697 | $47,623 |
| 2022 | $818,067 | $-84,022 | $64,138 | $50,000 | 9 | $54,239 | — | $48,150 |
| 2021 | $966,227 | $315,168 | $57,064 | $51,000 | 8 | $55,181 | $63,300 | $44,784 |
| 2020 | $708,123 | $-329,018 | $57,699 | $47,250 | 5 | — | $1,537 | $51,914 |
| 2019 | $1,094,840 | $86,119 | $64,909 | $56,000 | 9 | — | $82,279 | $48,713 |
Under IRS private-foundation payout rules, Parekh Family Foundation Inc reported a distributable amount of $72K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Parekh Family Foundation Inc is led by Mehandra Parekh, President on filings since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mehandra Parekh
President
On filings since 2019
1 hr/week
No compensation reported
Aaron Parekh
Secretary & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Mahendra Parekh (2022) — President
Data from IRS Form 990 filings, 2019–2025. "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 Parekh Family Foundation Inc
How much does Parekh Family Foundation Inc give each year?
Parekh Family Foundation Inc gave $55K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $39K across 5 grants.
What is Parekh Family Foundation Inc's typical grant size?
Parekh Family Foundation Inc's median grant in 2025 was $7,500, and its average grant was $11,038, across 5 grants on its 2025 IRS Form 990-PF.
Where does Parekh Family Foundation Inc give grants?
Parekh Family Foundation Inc gives mostly in Florida: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Naples, FL (3 grants).
Does Parekh Family Foundation Inc give general operating support?
Yes: 100% of Parekh Family Foundation Inc's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Parekh Family Foundation Inc's largest grantees?
Parekh Family Foundation Inc's largest 2025 grantees include Gulfshore Playhouse ($35,000), ARTIS - Naples ($10,000) and NCH Center for Philanthropy ($7,500), according to its 2025 IRS Form 990-PF. Together they received 95% of its itemized 2025 grant dollars.
How large is Parekh Family Foundation Inc?
Parekh Family Foundation Inc reported $716K in total assets on its 2025 IRS Form 990-PF. It paid out $66K in qualifying distributions that year, against a required minimum of $72K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Parekh Family Foundation Inc's EIN?
Parekh Family Foundation Inc's EIN (Employer Identification Number) is 82-3484179. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 14, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
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