The Park Foundation
The Park Foundation is a private foundation based in Medina, Ohio, that supports charitable organizations through grants. Its 2025 filing states that it did not engage in direct charitable activities that year.
The Park Foundation at a glance
In short: The Park Foundation gave $4.9M across 74 grants in 2025 (avg $66K), top state Ohio. 24% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,864,200
- +5.2% vs 2024
- Grants made (2025)
- 74
- +8.8% vs 2024
- Average grant
- $65,732
- -3.3% vs 2024
- Median grant
- $25,000
- Total assets
- $35,749,707
- -4.3% vs 2024
- New grantees (estimate)
- 24% first-time grantees (16 of 66, 2025)
- Primary geography
- Ohio (23% 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 Park Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 3555 Reserve Commons Drive, Medina, OH 44256
Phone: (216) 265-2527
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Park Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Cleveland Clinic - Keep Memory Alive ($1.0M). Together the top 10 received $2.7M.
Grant Size Distribution
339 grants across all recorded years
The most common grant size was under $50K: 194 grants of 339 (57%).
Geographic Focus
Where this funder awards grants
In 2025, the largest shares of grant dollars went to recipients in Ohio (23%), Nevada (21%), California (16%), Florida (14%), and Pennsylvania (9%).
Grant Distribution by State
Share of 2025 grant dollars across all 74 itemized grants.
States
Cities
Is The Park Foundation open to new grantees?
24%
first-time grantees, 2025
In 2025, 16 of 66 grantees (24%) were first-time recipients. First grants averaged $96K; repeat grants $67K. How we count
Medians: $25K first-time, $50K repeat.
- 58% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+17%). Method
- In 2025 it paid out 149% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 2020 to 2025, annual grant giving ranged from $3.2M (2021) to $4.9M (2025). In 2025 it made 74 grants totaling $4.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cleveland Clinic - Keep Memory Alive Las Vegas, NV | Charitble Contribution - General Operating Support | $1,000,000 |
| Scripps Research Translational Institute La Jolla, CA | Charitble Contribution - General Operating Support | $500,000 |
| Cleveland Clinic Foundation Cleveland, OH | Charitble Contribution - General Operating Support | $250,000 |
| The Park Academy Lake Oswego, OR | Charitble Contribution - General Operating Support | $200,000 |
| American Heart Association West Palm Beach, FL | Charitble Contribution - General Operating Support | $100,000 |
| Brent Shapiro Foundation for Drug Awareness Los Angeles, CA | Charitble Contribution - General Operating Support | $100,000 |
| Carson Scholars Fund Towson, MD | Charitble Contribution - General Operating Support | $100,000 |
| Center for Creative Education West Palm Beach, FL | Charitble Contribution - General Operating Support | $100,000 |
| Cleveland Institute of Music Cleveland, OH | Charitble Contribution - General Operating Support | $100,000 |
| Miso-Miami Symphony Orchestra Miami, FL | Charitble Contribution - General Operating Support | $100,000 |
Ready to take the next step with The Park Foundation?
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 | $35,749,707 | $3,481,951 | $5,101,114 | $4,864,200 | 74 | $4,865,977 | $3,331,343 | $3,257,247 |
| 2024 | $37,373,870 | $7,430,504 | $4,891,532 | $4,622,093 | 68 | $4,624,419 | $7,289,717 | $2,968,789 |
| 2023 | $34,860,310 | $1,457,299 | $3,769,353 | $3,640,500 | 70 | $3,641,124 | $1,335,370 | $2,566,210 |
| 2022 | $37,712,129 | $377,715 | $4,292,809 | $4,145,850 | 61 | $4,151,500 | $771,038 | $2,646,039 |
| 2021 | $41,606,960 | $1,493,480 | $3,406,812 | $3,177,570 | 66 | $3,182,200 | $1,337,439 | $2,927,605 |
| 2020 | $43,481,471 | $4,878,205 | $3,924,278 | $3,730,750 | 62 | — | $4,733,642 | $2,494,096 |
Under IRS private-foundation payout rules, The Park Foundation reported a distributable amount of $3.3M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants show support for organizations working in areas including health and medical research, education, arts and culture, and public media. For example, The Park Academy says it provides an inclusive community and evidence-based support for students with dyslexia and related learning differences. The Cleveland Institute of Music says its mission is to empower talented classical music students, while South Florida PBS describes its work as entertaining, enlightening, and educating its community.
Grantmaking
In filing year 2025, the foundation reported 74 grants totaling $4,864,200. Grant amounts ranged from $1,000 to $1,000,000, with a median of $25,000. The largest listed grants included $1,000,000 to Cleveland Clinic – Keep Memory Alive, $500,000 to Scripps Research Translational Institute, $250,000 to Cleveland Clinic Foundation, and $200,000 to The Park Academy. The listed purposes for these grants were general operating support.
Other 2025 recipients included the Carson Scholars Fund, the Brent Shapiro Foundation for Drug Awareness, the Cleveland Institute of Music, and the Center for Creative Education, each listed at $100,000. The Carson Scholars Fund says it recognizes students for academic achievement and community service through college scholarships. The Brent Shapiro Foundation says it promotes education and awareness about chemical dependence and drugs. The Center for Creative Education says it works to transform teaching and learning through creativity and the arts.
Leadership & Key People
Leadership team and compensation from IRS filings
The officers and directors listed on the 2025 filing are Raymond P Park, president; Dan K Park, vice president; Kelly C Park, vice president and treasurer; Piper A Park, vice president; Patrick M Park, vice president; and Ricky L Bertram, secretary.
The Park Foundation is led by Raymond P. Park, President on every filing since 2020; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Raymond P. Park
President
On filings since 2020
4 hrs/week
No compensation reported
Dan K. Park
Vice President
On filings since 2020
4 hrs/week
No compensation reported
Kelly C. Park
Vice President & Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Patrick M. Park
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Piper A. Park
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Ricky L. Bertram
Secretary
On filings since 2020
4 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 The Park Foundation
How much does The Park Foundation give each year?
The Park Foundation gave $4.9M across 74 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4.6M across 68 grants.
What is The Park Foundation's typical grant size?
The Park Foundation's median grant in 2025 was $25,000, and its average grant was $65,732, across 74 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Park Foundation that year got $96K on average.
Where does The Park Foundation give grants?
The Park Foundation's top state is Ohio, with 23% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Nevada (21%) and California (16%). The most frequent recipient cities were Cleveland, OH (11 grants), Medina, OH (8 grants), Portland, OR (8 grants) and Sewickley, PA (6 grants).
Does The Park Foundation give general operating support?
Yes: 100% of The Park Foundation's 2025 grants with a stated purpose (74 of 74) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Park Foundation's largest grantees?
The Park Foundation's largest 2025 grantees include Cleveland Clinic - Keep Memory Alive ($1,000,000), Scripps Research Translational Institute ($500,000) and Cleveland Clinic Foundation ($250,000), according to its 2025 IRS Form 990-PF. Together they received 36% of its itemized 2025 grant dollars.
How large is The Park Foundation?
The Park Foundation reported $35.7M in total assets on its 2025 IRS Form 990-PF. It paid out $4.9M in qualifying distributions that year, against a required minimum of $3.3M (roughly 5% of its investment assets).
What does The Park Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants show support for organizations working in areas including health and medical research, education, arts and culture, and public media. See mission & focus areas ↑
How do I apply for a grant from The Park Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Park Foundation's EIN?
The Park Foundation's EIN (Employer Identification Number) is 20-0791170. IRS Form 990 filing data is available on this page for 2020–2025.
Does The Park Foundation 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 October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
Explore Open Grants
Browse active grant opportunities in The Park Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Park Foundation funder profile. GrantGraph. Retrieved October 8, 2026, from https://grantable.co/funders/the-park-foundation-morg_3f4a773b2ca44c91953bd64cbfdfb2a1
BibTeX
@misc{grantable_200791170_2026,
author = {{Grantable}},
title = {{The Park Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-park-foundation-morg_3f4a773b2ca44c91953bd64cbfdfb2a1},
note = {Accessed 2026-10-08. 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 Park 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.
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