Parnell Family Foundation
Parnell Family Foundation is a private foundation, based in Eastsound, WA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.6M in total assets. In 2025, it made $14K in qualifying distributions. Net investment income was $70K.
Parnell Family Foundation at a glance
- Total assets
- $2,617,881
- +2.3% vs 2024
- Revenue (2025)
- $93,402
- -46.0% vs 2024
- Qualifying distributions (2025)
- $13,968
- -83.4% vs 2024
- Expenses (2025)
- $34,879
- -65.1% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Parnell Family Foundation funds
How this funder distributes its grants
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 20 grants of 22 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Parnell Family Foundation gives
- Giving fell 43% from 2021 to 2024. Method
- In 2025 it paid out 10% 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 2019 to 2024, annual grant giving ranged from $68K (2024) to $398K (2019). In 2024 it made 5 grants totaling $68K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Orcas Christian School Foundation Eastsound, WA | To Provide Support to Exempt Organization | $42,000 |
| Orcas Seventh-Day Adventist Fellowship Endowment Eastsound, WA | To Provide Support T0 Exempt Organizations | $10,000 |
| Walla Walla University College Place, WA | To Provide Support T0 Exempt Organizations | $9,000 |
| Orcas Christian School Eastsound, WA | To Provice Support to Exempt Organizations | $5,837 |
| Bighorn River Alliance Billings, MT | To Provide Support T0 Exempt Organizations | $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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,617,881 | $93,402 | $34,879 | — | — | $13,968 | $70,071 | $140,712 |
| 2024 | $2,558,842 | $172,818 | $99,965 | $67,837 | 5 | $83,958 | $152,834 | $129,686 |
| 2023 | $2,462,473 | $52,143 | $127,850 | $94,850 | 5 | $103,960 | $64,112 | $135,923 |
| 2022 | $2,542,995 | $305,305 | $167,318 | $128,700 | 5 | $150,864 | $287,355 | $133,174 |
| 2021 | $2,404,999 | $88,710 | $149,360 | $119,716 | 7 | $140,470 | $77,903 | $137,151 |
| 2020 | $2,460,693 | $215,336 | $329,879 | $293,725 | 8 | — | $13,348 | $122,633 |
| 2019 | $2,573,209 | $515,176 | $489,235 | $398,075 | 7 | — | $366,547 | $132,228 |
Under IRS private-foundation payout rules, Parnell Family Foundation reported a distributable amount of $141K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Parnell Family Foundation is led by Mike D. Parnell, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mike D. Parnell
President
On filings since 2019
2 hrs/week
No compensation reported
Scott D. Parnell
Director
On filings since 2019
2 hrs/week
No compensation reported
Terry Pottle
Director
On filings since 2022
2 hrs/week
No compensation reported
Melissa D. Parnell
Secretary & Treasurer
On filings since 2019
2 hrs/week
No compensation reported
Former officers (1)
- Former: David A. Meltzer (2019–2021) — Director
Data from IRS Form 990 filings, 2019–2025. "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 Parnell Family Foundation
How large is Parnell Family Foundation?
Parnell Family Foundation reported $2.6M in total assets on its 2025 IRS Form 990-PF. It paid out $14K in qualifying distributions that year, against a required minimum of $141K (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.
Where does Parnell Family Foundation operate?
Parnell Family Foundation has awarded grants in California, Missouri, Montana, Nebraska, Washington.
What is Parnell Family Foundation's EIN?
Parnell Family Foundation's EIN (Employer Identification Number) is 33-0433123. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 27, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 27, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 31, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 3, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in Parnell Family Foundation's focus areas in our free grants database
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