Park Family Foundation Inc
Park Family Foundation Inc is a private foundation, based in Wilmington, DE. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $208K in total assets. In 2024, it awarded 8 grants totaling $38K. Net investment income was $10K.
Park Family Foundation Inc at a glance
In short: Park Family Foundation Inc gave $38K across 8 grants in 2024 (avg $5K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $38,112
- -54.4% vs 2023
- Grants made (2024)
- 8
- +14.3% vs 2023
- Average grant
- $4,764
- -60.1% vs 2023
- Median grant
- $4,092
- Total assets
- $207,630
- -14.2% vs 2023
- Primary geography
- Massachusetts (52% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Park Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Massachusetts Institute of Technology ($10K across 2 grants). Together the top 6 received $38K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How Park Family Foundation Inc gives
- Giving grew 66% from 2021 to 2024. Method
- In 2024 it paid out 415% of 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 2019 to 2024, annual grant giving ranged from $23K (2021) to $84K (2023). In 2024 it made 8 grants totaling $38K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| President and Fellows of Harvard College Cambridge, MA | Parents Fund | $10,000 |
| Trustees of the Lawrenceville School Lawrenceville, NJ | Lawrenceville Fund | $10,000 |
| Massachusetts Institute of Technology Cambridge, MA | MIT Quest for Intelligence | $6,817 |
| United States Squash Racquets Association Inc Philadelphia, PA | The Community Initiative at the Arlen Specter US Squash Center at the Armory | $5,000 |
| Massachusetts Institute of Technology Cambridge, MA | MIT Quest for Intelligence | $3,183 |
| Korea Finance Society Ltd Brooklyn, NY | Charitable Event | $1,112 |
| Association of Asian American Investment Managers San Francisco, CA | General & Unrestricted | $1,000 |
| Korea Finance Society Ltd Brooklyn, NY | KFS Fellowship Program | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $207,630 | $10,641 | $44,979 | $38,112 | 8 | $44,718 | $10,491 | $10,780 |
| 2023 | $241,968 | $12,136 | $89,287 | $83,500 | 7 | $89,137 | $11,986 | $12,469 |
| 2022 | $319,119 | $2,884 | $47,619 | $42,522 | 6 | $47,494 | $2,859 | $16,614 |
| 2021 | $363,854 | $73,152 | $28,076 | $22,962 | 3 | $27,881 | $963 | $17,436 |
| 2020 | $318,778 | $80,638 | $61,306 | $56,500 | 5 | — | $790 | $14,391 |
| 2019 | $299,446 | $2,895 | $65,020 | $60,000 | 3 | — | $2,895 | $17,089 |
Under IRS private-foundation payout rules, Park Family Foundation Inc reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Park Family Foundation Inc is led by William Park, President, Director, Secretary & Treasurer on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2024 filing
William Park
President, Director, Secretary & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Park Family Foundation Inc
How much does Park Family Foundation Inc give each year?
Park Family Foundation Inc gave $38K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $84K across 7 grants.
What is Park Family Foundation Inc's typical grant size?
Park Family Foundation Inc's median grant in 2024 was $4,092, and its average grant was $4,764, across 8 grants on its 2024 IRS Form 990-PF.
Where does Park Family Foundation Inc give grants?
Park Family Foundation Inc gives mostly in Massachusetts: 52% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New Jersey (26%) and Pennsylvania (13%). The most frequent recipient cities were Cambridge, MA (3 grants) and Brooklyn, NY (2 grants).
Does Park Family Foundation Inc give general operating support?
Yes: 13% of Park Family Foundation Inc's 2024 grants with a stated purpose (1 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Park Family Foundation Inc's largest grantees?
Park Family Foundation Inc's largest 2024 grantees include Massachusetts Institute of Technology ($10,000 across 2 grants), President and Fellows of Harvard College ($10,000) and Trustees of the Lawrenceville School ($10,000), according to its 2024 IRS Form 990-PF. Together they received 79% of its itemized 2024 grant dollars.
How large is Park Family Foundation Inc?
Park Family Foundation Inc reported $208K in total assets on its 2024 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $11K (roughly 5% of its investment assets).
What is Park Family Foundation Inc's EIN?
Park Family Foundation Inc's EIN (Employer Identification Number) is 47-1958302. IRS Form 990 filing data is available on this page for 2019–2024.
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 2019 (received by the IRS September 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 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 November 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 31, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 4, 2025)
- IRS filings on file for fiscal years 2019–2024
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