The Michael and Alyce Parsons Foundation
The Michael and Alyce Parsons Foundation is a private foundation, based in Monte Sereno, CA. IRS filing data is available from 2019 through 2021. In 2021, it awarded 4 grants totaling $1.2M. Net investment income was $23K.
Key facts about The Michael and Alyce Parsons Foundation
In short: The Michael and Alyce Parsons Foundation gave $1.2M across 4 grants in 2021 (avg $291K), mostly in California. Source: 2021 IRS Form 990-PF.
- EIN
- 37-1525642
- Latest 990 filing
- Form 990-PF, 2021
- Annual giving (2021)
- $1,165,000
- Grants made (2021)
- 4
- Average grant
- $291,250
- Median grant
- $80,000
- Primary geography
- California (100% of itemized 2021 grant dollars)
Data from IRS Form 990-PF, 2021; updated September 2026.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.2M
+1841.7% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$291K
+1841.7% YoY
Under IRS private-foundation payout rules, The Michael and Alyce Parsons Foundation reported a distributable amount of $28K for 2021 — the minimum it must pay out in qualifying distributions.
How The Michael and Alyce Parsons Foundation gives
- In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2021, annual grant giving ranged from $60K (2020) to $1.2M (2021). In 2021 it made 4 grants totaling $1.2M.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 10 grants of 12 (83%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 grants to individuals Recipients not named | — | $1,165,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 | 2019 |
|---|---|---|---|
| Total Assets | — | $1,141,739 | $1,170,534 |
| Revenue | $31,300 | $32,740 | $48,668 |
| Expenses | $1,173,039 | $61,535 | $67,965 |
| Qualifying Distributions | $1,173,039 | — | — |
| Net Investment Income | $23,261 | $31,205 | $48,668 |
| Distributable Amount | $27,767 | $56,471 | $58,413 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 28, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 20, 2022)
- IRS filings on file for fiscal years 2020–2021
Leadership & Key People
Officers and directors from IRS filings
The Michael and Alyce Parsons Foundation is led by Michael T. Parsons, President on every filing since 2019; none of the 3 officers listed in 2021 report compensation.
Officers on the 2021 filing
Michael T. Parsons
President
On filings since 2019
No compensation reported
Alyce Parsons
Vice President
On filings since 2019
No compensation reported
Michael T. Parsons Jr.
Treasurer
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2021. "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 The Michael and Alyce Parsons Foundation
How much does The Michael and Alyce Parsons Foundation give each year?
The Michael and Alyce Parsons Foundation gave $1.2M across 4 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $60K across 4 grants.
What is The Michael and Alyce Parsons Foundation's typical grant size?
The Michael and Alyce Parsons Foundation's median grant in 2021 was $80,000, and its average grant was $291,250, across 4 grants on its 2021 IRS Form 990-PF.
Where does The Michael and Alyce Parsons Foundation give grants?
The Michael and Alyce Parsons Foundation gives mostly in California: 100% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there.
Does The Michael and Alyce Parsons Foundation give general operating support?
Not in 2021: none of the 4 grants with a stated purpose on The Michael and Alyce Parsons Foundation's 2021 IRS Form 990-PF were described as general or operating support. Recurring purposes include "See Part IX-a" (4 grants).
How much is The Michael and Alyce Parsons Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, The Michael and Alyce Parsons Foundation reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Michael and Alyce Parsons Foundation's EIN?
The Michael and Alyce Parsons Foundation's EIN (Employer Identification Number) is 37-1525642. IRS Form 990 filing data is available on this page for 2019–2021.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Michael and Alyce Parsons Foundation by hand.
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