Park Foundation Inc
Park Foundation Inc is a private independent foundation based in Ithaca, New York, established in 1966 by entrepreneur and media mogul Roy H. Park. The foundation operates as a 501(c)(3) philanthropic organization dedicated to advancing social, environmental, and democratic causes through strategic grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$406.0M
+5.8% YoY
Annual Giving
$30.4M
-5.1% YoY
Grant Count
457
-5.4% YoY
Avg Grant Size
$66K
+0.3% YoY
Mission & Focus Areas
Park Foundation is a family foundation dedicated to advancing a more just, equitable, and sustainable society and environment, both nationally and in the local Ithaca community. The foundation describes itself as principled, strategic, and fearless in its grantmaking, collaborative with partners, and nimble and innovative in its approach. The foundation is committed to challenging threats to independent media, robust democracy, and planetary health.
Primary funding areas include:
- Democracy — Supporting initiatives intended to strengthen the foundations of democracy and good governance
- Civic Participation — Advancing civic engagement and participation
- Media — Supporting public interest media
- Environment — Ensuring drinking water is clean, affordable, accessible, and protected; challenging shale gas extraction and infrastructure expansion
- Animal Welfare
- Sustainable Ithaca — Local community initiatives
- Community Needs
- School Food & Nutrition
The foundation has been a major supporter of environmental causes, including significant funding for anti-fracking advocacy and environmental protection initiatives.
Grantmaking
The foundation provides support across multiple priority areas with grant amounts ranging from $5,000 to $250,000. The grantmaking process typically begins with a Letter of Inquiry (LOI) for new applicants, while returning grantees can submit full proposals directly. Grant deadlines operate on a rolling basis.
Review Cycle
operate on a rolling basis.
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Geographic Focus
Where this funder awards grants
The foundation supports initiatives across numerous cities and states in the United States, including major metropolitan areas such as New York, Los Angeles, and Chicago. Primary funding regions include New York, the District of Columbia, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets — $384 million
- Annual Expenses — $33.7 million
- Annual Revenue — $14 million
- Total Liabilities — $25.3 million
As of 2022:
- Total Assets — $358.4 million
- Annual Expenses — $34 million
- Annual Revenue — $14.3 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $406,024,147 | $383,671,762 | $374,209,039 |
| Revenue | $34,324,264 | $13,991,627 | $14,200,366 |
| Expenses | $38,465,716 | $33,679,514 | $34,742,392 |
| Qualifying Distributions | $33,396,030 | $35,212,594 | $35,361,157 |
| Net Investment Income | $30,640,726 | $10,552,934 | $9,253,200 |
| Distributable Amount | $19,728,330 | $17,198,104 | $20,048,047 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
6 open opportunities from Park Foundation Inc
Park Foundation Grants: Civic Participation
PARK FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Park Foundation Grants: Democracy
PARK FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Park Foundation Grants: Sustainable Ithaca
PARK FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Adelaide P. Gomer — Board President and Chair (daughter of founder Roy H. Park)
- Rachel Leon — Executive Director
- Board Members — Alicia P. Wittink, Hon. Donna F. Edwards, Jay R. Halfon, Jerome B. Libin
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ADELAIDE P GOMER | PRESIDENT | 9.53 | $50,000 |
| ALICIA P WITTINK | VICE PRESIDENT | 9.85 | $50,000 |
| DONNA F EDWARDS | DIRECTOR | 4.08 | $50,000 |
| JAY R HALFON | SECRETARY/TREASURER | 3.94 | $50,000 |
| JEROME B LIBIN | DIRECTOR | 0.06 | $8,333 |
| LISA GRAVES | DIRECTOR | 3.96 | $50,000 |
| RAY PAULTRE | DIRECTOR | 4.19 | $50,000 |
| RACHEL LEON | EXECUTIVE DIRECTOR | 35 | $281,108 |
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Park Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities