Parks Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$605K
-3.1% YoY
Annual Giving
$33K
+109.7% YoY
Grant Count
7
+75.0% YoY
Avg Grant Size
$5K
+19.8% YoY
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.
About Parks Family Foundation Inc
Based on IRS filings
Parks Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | $605,450 | $624,631 | $627,494 |
| Revenue | $16,169 | $15,487 | $11,236 |
| Expenses | $35,350 | $18,350 | $30,250 |
| Qualifying Distributions | $32,500 | $15,500 | $27,500 |
| Net Investment Income | $16,169 | $12,637 | $8,486 |
| Distributable Amount | $45,213 | $30,468 | $21,119 |
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
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Myotonic Dystrophy Foundation ($5,000), Center for Celiac Research ($5,000), Ut Mccombs School of Business ($5,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JIM PARKS | DIRECTOR | — | — |
| TRACY PARKS | DIRECTOR | — | — |
| SHANNON PARKS | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Parks Family Foundation Inc?
Parks Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCOTTSDALE, AZ. It holds $605K in total assets as of 2024.
How large is Parks Family Foundation Inc?
As of 2024, Parks Family Foundation Inc holds $605K in total assets with $16K in annual revenue. It awarded 7 grants totaling $33K in 2024.
Where does Parks Family Foundation Inc operate?
Parks Family Foundation Inc has awarded grants in Arizona, California, Florida, Massachusetts, New York, Tennessee, Texas.
What size grants does Parks Family Foundation Inc award?
In 2024, Parks Family Foundation Inc awarded 7 grants totaling $33K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Parks Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Parks Family Foundation Inc reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Parks 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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