Parks Family Foundation Inc
Parks Family Foundation Inc is a private foundation, based in Scottsdale, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $605K in total assets. In 2024, it awarded 7 grants totaling $33K. Net investment income was $16K.
Parks Family Foundation Inc at a glance
In short: Parks Family Foundation Inc gave $33K across 7 grants in 2024 (avg $5K), top state Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $32,500
- +109.7% vs 2023
- Grants made (2024)
- 7
- +75.0% vs 2023
- Average grant
- $4,643
- +19.8% vs 2023
- Median grant
- $5,000
- Total assets
- $605,450
- -3.1% vs 2023
- Primary geography
- Texas (38% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Parks Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Myotonic Dystrophy Foundation ($5K). Together the top 7 received $33K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 28 grants of 28 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Parks Family Foundation Inc gives
- Giving grew 225% from 2021 to 2024. Method
- In 2024 it paid out 72% 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 2020 to 2024, annual grant giving ranged from $10K (2021) to $33K (2024). In 2024 it made 7 grants totaling $33K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Myotonic Dystrophy Foundation Oakland, CA | Provide Resources and Care Advance Research | $5,000 |
| Center for Celiac Research Boston, MA | Provide Resources and Care Advance Research | $5,000 |
| UT McCombs School of Business Austin, TX | Educational Instituition | $5,000 |
| St Jude Memphis, TN | Childrens Hospital | $5,000 |
| Mobile Loaves and Fishes Austin, TX | Christian Social Outreach Ministry | $5,000 |
| Tunnel to Towers Staten Island, NY | Providing Mortgage-Free Homes to Families | $5,000 |
| The Trail Foundation Austin, TX | Protect and Enhance Biking and Hiking Trails | $2,500 |
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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 | $605,450 | $16,169 | $35,350 | $32,500 | 7 | $32,500 | $16,169 | $45,213 |
| 2023 | $624,631 | $15,487 | $18,350 | $15,500 | 4 | $15,500 | $12,637 | $30,468 |
| 2022 | $627,494 | $11,236 | $30,250 | $27,500 | 7 | $27,500 | $8,486 | $21,119 |
| 2021 | $646,508 | $374 | $12,650 | $10,000 | 3 | $10,000 | $11,254 | $15,771 |
| 2020 | $658,754 | $683,784 | $25,000 | $25,000 | 7 | — | $2,684 | $3,236 |
Under IRS private-foundation payout rules, Parks Family Foundation Inc reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Parks Family Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jim Parks
Director
On filings since 2020
No compensation reported
Shannon Parks
Director
On filings since 2020
No compensation reported
Tracy Parks
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Parks Family Foundation Inc
How much does Parks Family Foundation Inc give each year?
Parks Family Foundation Inc gave $33K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $16K across 4 grants.
What is Parks Family Foundation Inc's typical grant size?
Parks Family Foundation Inc's median grant in 2024 was $5,000, and its average grant was $4,643, across 7 grants on its 2024 IRS Form 990-PF.
Where does Parks Family Foundation Inc give grants?
Parks Family Foundation Inc's top state is Texas, with 38% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (15%) and Massachusetts (15%). The most frequent recipient cities were Austin, TX (3 grants).
Does Parks Family Foundation Inc give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Parks Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
Who are Parks Family Foundation Inc's largest grantees?
Parks Family Foundation Inc's largest 2024 grantees include Myotonic Dystrophy Foundation ($5,000), Center for Celiac Research ($5,000) and UT McCombs School of Business ($5,000), according to its 2024 IRS Form 990-PF. Together they received 46% of its itemized 2024 grant dollars.
How large is Parks Family Foundation Inc?
Parks Family Foundation Inc reported $605K in total assets on its 2024 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $45K (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 Parks Family Foundation Inc's EIN?
Parks Family Foundation Inc's EIN (Employer Identification Number) is 84-3118908. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Parks Family Foundation Inc funds
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