Parent Petroleum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WARRENVILLE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 7 grants totaling $317K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10K
-55.3% YoY
Annual Giving
$317K
+4.8% YoY
Grant Count
7
+75.0% YoY
Avg Grant Size
$45K
-40.1% YoY
Under IRS private-foundation payout rules, Parent Petroleum Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Parent Petroleum Foundation
Based on IRS filings
Parent Petroleum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WARRENVILLE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 7 grants totaling $317K.
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 | $10,439 | $23,348 | $25,486 |
| Revenue | $307,890 | $302,068 | $313,083 |
| Expenses | $320,799 | $304,206 | $307,650 |
| Qualifying Distributions | $317,144 | $302,500 | $306,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | $2,262 | $3,278 | $2,559 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Casa Kane County ($81,050), Chicago Blackhawks Foundation ($75,000), Friends of the Folds of Honor Found ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AURORA USA SOCCER ACADEMY AURORA, IL | GENERAL OPERATIONS | $3,900 |
| CASA KANE COUNTY GENEVA, IL | GENERAL OPERATIONS | $81,050 |
| CHICAGO BLACKHAWKS FOUNDATION CHICAGO, IL | GENERAL OPERATIONS | $75,000 |
| DSWD FOSTERS HOPE FRANKFORT, IL | GENERAL OPERATIONS | $1,000 |
| FRIENDS OF THE FOLDS OF HONOR FOUND INVERNESS, IL | GENERAL OPERATIONS | $75,000 |
| HEALY UNDETAKING AURORA, IL | GENERAL OPERTAIONS | $6,194 |
| LIVINGWELL CANCER RESOURCE CENTER GENEVA, IL | GENERAL OPERATIONS | $75,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER M SPINA | PRESIDENT | 1 | — |
| RYAN FUELLING | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Parent Petroleum Foundation?
Parent Petroleum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WARRENVILLE, IL. It holds $10K in total assets as of 2024.
How large is Parent Petroleum Foundation?
As of 2024, Parent Petroleum Foundation holds $10K in total assets with $308K in annual revenue. It awarded 7 grants totaling $317K in 2024.
Where does Parent Petroleum Foundation operate?
Parent Petroleum Foundation has awarded grants in Illinois.
What size grants does Parent Petroleum Foundation award?
In 2024, Parent Petroleum Foundation awarded 7 grants totaling $317K — an average of about $45K per grant, based on its IRS Form 990 filings.
How much is Parent Petroleum Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Parent Petroleum Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Parent Petroleum Foundation's EIN?
Parent Petroleum Foundation's EIN (Employer Identification Number) is 82-4836025. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Parent Petroleum 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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