The Parallel Foundation Inc
The Parallel Foundation Inc. is a private foundation based in Tampa, Florida. Its 2025 filing reports grants to organizations working in areas including community wellness, education, reproductive health, arts and culture, journalism, and immigrant and voting-rights advocacy.
The Parallel Foundation Inc at a glance
In short: The Parallel Foundation Inc gave $4.7M across 86 grants in 2025 (avg $55K), mostly in Florida. 44% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,690,300
- +74.9% vs 2024
- Grants made (2025)
- 86
- +28.4% vs 2024
- Average grant
- $54,538
- +36.2% vs 2024
- Median grant
- $34,000
- Total assets
- $3,149,681
- -38.5% vs 2024
- New grantees (estimate)
- 44% first-time grantees (38 of 86, 2025)
- Primary geography
- Florida (73% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Parallel Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 301 W Platt Street A442, Tampa, FL 33606
Website: https://theparallelfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Parallel Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Pinellas Community Foundation ($500K). Together the top 10 received $2.1M.
Organizations only. It also paid 1 grant to individuals ($30,000), which are not listed by name.
Grant Size Distribution
193 grants across all recorded years
The most common grant size was under $50K: 127 grants of 193 (66%).
Geographic Focus
Where this funder awards grants
In 2025, 73% of grant dollars went to recipients in Florida. New York received 13%, California 5%, and North Carolina and Illinois 2% each.
Grant Distribution by State
Share of 2025 grant dollars across all 86 itemized grants.
States
Cities
Is The Parallel Foundation Inc open to new grantees?
44%
first-time grantees, 2025
In 2025, 38 of 86 grantees (44%) were first-time recipients. First grants averaged $54K; repeat grants $55K. How we count
Medians: $15K first-time, $50K repeat.
- 56% of 2025 grantees were also funded in 2024. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2023–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $789K (2023) to $4.7M (2025). In 2025 it made 86 grants totaling $4.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pinellas Community Foundation Clearwater, FL | To Support for Woodson Museum Growth and Expansion | $500,000 |
| Tampa General Hospital Foundation (DBA Florida Health Sciences Center) Tampa, FL | To support community wellness in low-income areas and the behavioral health hospital | $400,000 |
| Shirley Proctor Puller Foundation St Petersburg, FL | To support afterschool educational program to improve achievement in low-income areas | $260,000 |
| Planned Parenthood of Florida Sarasota, FL | To Support Reproductive Health Services and Education | $165,000 |
| Poynter Institute for Media Studies St Petersburg, FL | Support Investigative Journalism, Tampa Bay Times | $150,000 |
| Dr Carter G Woodson African American Museum St Petersburg, FL | To support preservation of black American history and student tuition fees | $135,000 |
| Tampa Museum of Art Foundation Inc Tampa, FL | Support Growth and Expansion of Museum | $125,000 |
| The Regents of the University of California San Francisco San Francisco, CA | Support Florida Black Maternal Health Initiative | $125,000 |
| Tampa Museum of Art Tampa, FL | To Support Inclusive Art and Culture Programming | $112,000 |
| NYC Autism Charter Schools New York, NY | To support high-quality educational program for children with autism | $110,000 |
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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 | $3,149,681 | $3,116,982 | $5,074,850 | $4,690,300 | 86 | $5,053,037 | $112,878 | $176,182 |
| 2024 | $5,117,549 | $5,087,782 | $3,054,915 | $2,682,130 | 67 | $3,033,188 | $80,040 | $125,511 |
| 2023 | $3,074,742 | $4,009,777 | $935,095 | $789,000 | 40 | $789,000 | $9,777 | — |
Under IRS private-foundation payout rules, The Parallel Foundation Inc reported a distributable amount of $176K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s 2025 grants show support for a range of nonprofit organizations and programs. These include educational services, health initiatives, arts and cultural institutions, journalism, and advocacy.
Grantees describe their own work in varied ways. The Shirley Proctor Puller Foundation says it advances literacy and works to close the achievement gap for students in South St. Petersburg. NYC Autism Charter Schools says it provides individualized, scientifically based educational services to children with autism and other pervasive developmental disorders. The Tampa Museum of Art says it collects, preserves, studies, and exhibits art to educate, engage, and inspire. The Florida Rights Restoration Coalition says it works to end disenfranchisement and discrimination against people with convictions and to support successful reentry.
Grantmaking
In filing year 2025, the foundation reported 86 grants totaling $4,690,300. Grants ranged from $500 to $500,000, with a median grant of $34,000.
Among its largest 2025 grants were $500,000 to Pinellas Community Foundation to support the Woodson Museum’s growth and expansion; $400,000 to Tampa General Hospital Foundation for community wellness in low-income areas and its behavioral health hospital; and $260,000 to the Shirley Proctor Puller Foundation for an afterschool educational program intended to improve achievement in low-income areas. Other notable grants included $165,000 to Planned Parenthood of Florida for reproductive health services and education, $150,000 to the Poynter Institute for Media Studies to support investigative journalism at the Tampa Bay Times, and $125,000 to the Tampa Museum of Art Foundation for museum growth and expansion.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Lisa M. Lamprecht as executive director and Merrin Jenkins, Justine Caputi, Pam Williams, Sheau-Lei Ellison, Rugiatu Jalloh, Maria F. Garcia, and Patrick Arthur Jackson as directors.
The Parallel Foundation Inc is led by Lisa M. Lamprecht, Executive Director on every filing since 2023; 1 of 8 officers listed in 2025 is compensated.
Officers on the 2025 filing
Lisa M. Lamprecht
Executive Director
On filings since 2023
40 hrs/week
$84K (2023) → $238K (2025)
Justine Caputi
Director
Secretary → Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Merrin Jenkins
Director
President → Director, 2025
On filings since 2023
3 hrs/week
No compensation reported
Pam Williams
Director
Treasurer → Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Rugiatu Jalloh
Director
On filings since 2023
1 hr/week
No compensation reported
Sheau-Lei Ellison
Director
On filings since 2023
1 hr/week
No compensation reported
Maria F. Garcia
Director
New on the 2025 filing
1 hr/week
No compensation reported
Patrick Arthur Jackson
Director
New on the 2025 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $238K, to Lisa M Lamprecht (Executive DIR.).
Frequently asked questions about The Parallel Foundation Inc
How much does The Parallel Foundation Inc give each year?
The Parallel Foundation Inc gave $4.7M across 86 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.7M across 67 grants.
What is The Parallel Foundation Inc's typical grant size?
The Parallel Foundation Inc's median grant in 2025 was $34,000, and its average grant was $54,538, across 86 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Parallel Foundation Inc that year got $54K on average.
Where does The Parallel Foundation Inc give grants?
The Parallel Foundation Inc gives mostly in Florida: 73% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (13%) and California (5%). The most frequent recipient cities were Tampa, FL (16 grants), St Petersburg, FL (9 grants), New York, NY (4 grants) and San Francisco, CA (3 grants).
Does The Parallel Foundation Inc give general operating support?
Occasionally: 2% of The Parallel Foundation Inc's 2025 grants with a stated purpose (2 of 86) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Holiday Support for at-Risk Floridians" (3 grants).
Who are The Parallel Foundation Inc's largest grantees?
The Parallel Foundation Inc's largest 2025 grantees include Pinellas Community Foundation ($500,000), Tampa General Hospital Foundation (DBA Florida Health Sciences Center) ($400,000) and Shirley Proctor Puller Foundation ($260,000), according to its 2025 IRS Form 990-PF. It also paid 1 grant to individuals ($30,000), which are not listed by name. Together they received 25% of its itemized 2025 grant dollars.
How large is The Parallel Foundation Inc?
The Parallel Foundation Inc reported $3.1M in total assets on its 2025 IRS Form 990-PF. It paid out $5.1M in qualifying distributions that year, against a required minimum of $176K (roughly 5% of its investment assets).
What does The Parallel Foundation Inc fund?
The foundation’s 2025 grants show support for a range of nonprofit organizations and programs. These include educational services, health initiatives, arts and cultural institutions, journalism, and advocacy. See mission & focus areas ↑
How do I apply for a grant from The Parallel Foundation Inc?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Parallel Foundation Inc's EIN?
The Parallel Foundation Inc's EIN (Employer Identification Number) is 92-4009341. IRS Form 990 filing data is available on this page for 2023–2025.
Does The Parallel Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 23, 2026)
- IRS filings on file for fiscal years 2023–2024
Explore Open Grants
Browse active grant opportunities in The Parallel Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Parallel Foundation Inc funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/the-parallel-foundation-inc-morg_6757bdb9dc83400faf05265145657798
BibTeX
@misc{grantable_924009341_2026,
author = {{Grantable}},
title = {{The Parallel Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-parallel-foundation-inc-morg_6757bdb9dc83400faf05265145657798},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Parallel Foundation Inc'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.
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