The Parachute Foundation
Support families during early recovery
The Parachute Foundation at a glance
In short: The Parachute Foundation reported $23K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.
- Grants paid (2024)
- $23,200 — reported as a total on the IRS filing, without an itemized list
- -29.9% vs 2023
- Total assets
- $19,397
- -53.7% vs 2023
- Revenue (2024)
- $207,853
- -4.2% vs 2023
- Net investment income (2024)
- $488
- -13.8% vs 2023
- Expenses (2024)
- $230,326
- +0.5% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to The Parachute Foundation
Open Grants
2 open opportunities from The Parachute Foundation
Who The Parachute Foundation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $23K (2024) to $33K (2023). In 2024 it reported $23K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| U of M Medical Center Minneapolis, MN | Help Families of Addiction Defra Costs | $24,065 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $19,397 | $207,853 | $230,326 | $23,200 | Total only | $488 |
| 2023 | $41,870 | $216,984 | $229,202 | $33,112 | Total only | $566 |
| 2022 | $55,235 | $277,936 | $277,507 | $24,065 | 1 | $250 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About The Parachute Foundation
Based on IRS filings
The Parachute Foundation is a public charity focused on Health, based in Minnetonka, MN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $19K in total assets. In 2024, it reported $23K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $488.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Parachute Foundation is led by PAUL GIEL Jr., President on every filing since 2022; 2 of 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
PAUL GIEL Jr.
President
On filings since 2022
35 hrs/week
$21K (2022) → $35K (2024)
Joseph W. Hutton
Secretary
On filings since 2022
5 hrs/week
$16K (2024)
Rick Deslauriers
Treasurer
On filings since 2022
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $35K, to PAUL GIEL Jr (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Parachute Foundation
How much does The Parachute Foundation give each year?
The Parachute Foundation reported $23K in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it reported $33K in grants paid.
How large is The Parachute Foundation?
The Parachute Foundation reported $19K in total assets on its 2024 IRS Form 990. Its revenue that year was $208K.
What is The Parachute Foundation?
The Parachute Foundation is a public charity focused on Health, based in Minnetonka, MN. It holds $19K in total assets as of 2024.
Where does The Parachute Foundation operate?
The Parachute Foundation has awarded grants in Minnesota.
What is The Parachute Foundation's EIN?
The Parachute Foundation's EIN (Employer Identification Number) is 84-1767763. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 28, 2025)
- IRS filings on file for fiscal years 2022–2024
Live grants for the work The Parachute Foundation funds
Health Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Parachute Foundation's focus areas in our free grants database
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Figures come from The Parachute Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Parachute Foundation down — hundreds of funders to go?