The John B Parsons Foundation
The John B Parsons Foundation is a private 501(c)(3) independent foundation established in 1988 and based in Salisbury, Maryland. The foundation operates as a tax-exempt charitable organization dedicated to supporting organizations that serve vulnerable populations in need of essential services.
Key facts about The John B Parsons Foundation
- EIN
- 52-0591626
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $448,016
- Grants made (2024)
- 12
- Average grant
- $37,335
- Median grant
- $25,684
- Total assets
- $11,089,119
- Primary geography
- Maryland (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The John B Parsons Foundation funds
By grant dollars, the top recipient states for The John B Parsons Foundation's 12 itemized 2024 grants were Maryland (100%). The most frequent recipient cities were Salisbury, MD (12 grants). None of its 12 grants with a stated purpose were described as general or operating support.
How The John B Parsons Foundation gives
- Giving fell 23% from 2021 to 2024. Method
- In 2024 it paid out 86% 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.
Next steps with The John B Parsons Foundation
- How to evaluate The John B Parsons Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.1M
+11.0% YoY
Annual Giving
$448K
-0.3% YoY
Grant Count
12
-7.7% YoY
Avg Grant Size
$37K
+8.0% YoY
Under IRS private-foundation payout rules, The John B Parsons Foundation reported a distributable amount of $519K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation funds organizations that assist needy elderly people to obtain:
- Housing
- Health care
- Clothing
- Food
The foundation's grantmaking focuses on human services and philanthropic support, with a primary geographic emphasis on Maryland.
Grantmaking
Based on the most recent available data (2023), the foundation distributed $449,266 in total giving. In fiscal year 2024, the foundation had expenses of $483,639 against revenue of $669,688.
Average Grant
amount varies by year
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Maryland, with particular focus on the Salisbury area and surrounding regions.
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Resources:
- Total assets (2024): $11,089,119
- Total assets (2023): $9,986,293
- Total liabilities (2024): $0
Annual Financial Activity (Fiscal Year 2024):
- Revenue: $669,688
- Expenses: $483,639
- Net income: $186,049
Revenue Composition (2024):
- Contributions represent a significant portion of revenue
- Investment income and other sources comprise the remainder
The foundation maintains a healthy financial position with no outstanding liabilities and consistent year-over-year asset growth.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,089,119 | $9,986,293 | $8,744,773 |
| Revenue | $669,688 | $398,464 | $575,067 |
| Expenses | $483,639 | $488,280 | $479,262 |
| Qualifying Distributions | $448,016 | $449,266 | $449,422 |
| Net Investment Income | $531,384 | $257,496 | $386,592 |
| Distributable Amount | $519,389 | $455,370 | $451,042 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Mac Inc ($283,688 across 5 grants), Joseph House ($52,272), Shady Pines ($31,368).
| Recipient | Purpose | Amount |
|---|---|---|
| MAC INC Salisbury, MD | SENIOR SUPPORT | $111,672 |
| MAC INC Salisbury, MD | MEALS ON WHEELS | $72,380 |
| JOSEPH HOUSE Salisbury, MD | SENIOR CARE | $52,272 |
| MAC INC Salisbury, MD | ALZHEIMER SUPPORT | $41,820 |
| MAC INC Salisbury, MD | CAREGIVERS | $40,392 |
| SHADY PINES Salisbury, MD | ADULT MEDICAL DAYCARE | $31,368 |
| CHESAPEAKE HOUSING MISSION Salisbury, MD | DISABLED RAMPS | $20,000 |
| MAC INC Salisbury, MD | PRESCRIPTIONS | $17,424 |
| COASTAL HOSPICE Salisbury, MD | SENIOR HOSPICE CARE | $17,424 |
| SALVATION ARMY Salisbury, MD | SENIOR CARE | $17,424 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ernest I Cornbrooks III | President | — | — |
| Robert C Davis | Treasurer | — | — |
| Philip L Bradshaw | Trustee | — | — |
| Allen Brown | Trustee | — | — |
| David Downes | Trustee | — | — |
| Robert Long | Trustee | — | — |
| Lynne Peverley | Trustee | — | — |
| Carolyn Stegman | Trustee | — | — |
| Jeffrey F Turner | Trustee | — | — |
| Gayle Widdowson | Secretary | — | — |
| James E Martin | Trustee | — | — |
| Sharon a Morris | Trustee | — | — |
| Loudell Insley | Trustee | — | — |
| Cynthia Macdonald | Trustee | — | — |
| Michael Mathers | Trustee | — | — |
Frequently Asked Questions
What does The John B Parsons Foundation fund?
The foundation funds organizations that assist needy elderly people to obtain: • Housing • Health care • Clothing • Food The foundation's grantmaking focuses on human services and philanthropic support, with a primary geographic emphasis on Maryland.
How do I apply for a grant from The John B Parsons Foundation?
**Grant Amounts:** • Typical award range: $250–$151,804 • Average grant amount varies by year • Median grant amounts are tracked across fiscal years **Recent Activity:** Based on the most recent available data (2023), the foundation distributed $449,266 in total giving. In fiscal year 2024, the foundation had expenses of $483,639 against revenue of $669,688.
Where does The John B Parsons Foundation make grants?
The foundation primarily funds organizations in Maryland, with particular focus on the Salisbury area and surrounding regions.
What size grants does The John B Parsons Foundation award?
In 2024, The John B Parsons Foundation awarded 12 grants totaling $448K — an average of about $37K per grant, based on its IRS Form 990 filings.
How much is The John B Parsons Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The John B Parsons Foundation reported a distributable amount of $519K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The John B Parsons Foundation's EIN?
The John B Parsons Foundation's EIN (Employer Identification Number) is 52-0591626. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.