Parekh Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MONTVALE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $748K in total assets. In 2024, it awarded 5 grants totaling $39K. Net investment income was $30K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$748K
-0.1% YoY
Annual Giving
$39K
-43.4% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$8K
-54.7% YoY
Under IRS private-foundation payout rules, Parekh Family Foundation Inc reported a distributable amount of $62K for 2024 — the minimum it must pay out in qualifying distributions.
About Parekh Family Foundation Inc
Based on IRS filings
Parekh Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MONTVALE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $748K in total assets. In 2024, it awarded 5 grants totaling $39K. Net investment income was $30K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $747,935 | $748,478 | $818,067 |
| Revenue | $54,020 | $21,995 | $-84,022 |
| Expenses | $54,093 | $91,144 | $64,138 |
| Qualifying Distributions | $50,274 | $78,846 | $54,239 |
| Net Investment Income | $30,201 | $9,697 | — |
| Distributable Amount | $62,291 | $47,623 | $48,150 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Gulfshore Playhouse ($10,000), Artis-Naples ($10,000), Immokalee Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Gulfshore Playhouse 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 |
| Artis-Naples Naples, FL | GENERAL OPERATING SUPPORT | $10,000 |
| Immokalee Foundation Naples, FL | GENERAL OPERATING SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Parekh Family Foundation Inc?
Parekh Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MONTVALE, NJ. It holds $748K in total assets as of 2024.
How large is Parekh Family Foundation Inc?
As of 2024, Parekh Family Foundation Inc holds $748K in total assets with $54K in annual revenue. It awarded 5 grants totaling $39K in 2024.
Where does Parekh Family Foundation Inc operate?
Parekh Family Foundation Inc has awarded grants in Alabama, Florida, Kentucky, New Jersey, New York.
What size grants does Parekh Family Foundation Inc award?
In 2024, Parekh Family Foundation Inc awarded 5 grants totaling $39K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Parekh Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Parekh Family Foundation Inc reported a distributable amount of $62K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Parekh Family Foundation Inc'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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