The Park Foundation is a private foundation based in Medina, Ohio, established in 2004. The organization operates as a 501(c)(3) charitable entity and functions as a grantmaking foundation supporting nonprofit organizations across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$37.4M
+7.2% YoY
Annual Giving
$4.6M
+27.0% YoY
Grant Count
68
-2.9% YoY
Avg Grant Size
$68K
+30.7% YoY
Mission & Focus Areas
The foundation supports organizations involved with:
- Performing arts
- Education
- Health and medical services
- Cancer-related initiatives
- Golf
- Human services
- Philanthropy, voluntarism, and grantmaking
Grantmaking
The foundation did not engage in direct charitable activities during 2024; all support is provided through grantmaking to external organizations.
Grant Range
$68,000
Average Grant
$68,000
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on:
- Ohio
- Oregon
- Pennsylvania
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $37,373,870
- Annual revenue: $7,430,504
- Net investment income: $7,289,717
- Total expenses: $4,891,532
- Qualifying distributions: $4,624,419
Multi-Year Comparison:
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $37,373,870 | $34,860,310 | $37,712,129 |
| Revenue | $7,430,504 | $1,457,299 | $377,715 |
| Expenses | $4,891,532 | $3,769,353 | $4,292,809 |
| Qualifying Distributions | $4,624,419 | $3,641,124 | $4,151,500 |
Asset Growth: Assets increased 7.2% year-over-year from 2023 to 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $37,373,870 | $34,860,310 | $37,712,129 |
| Revenue | $7,430,504 | $1,457,299 | $377,715 |
| Expenses | $4,891,532 | $3,769,353 | $4,292,809 |
| Qualifying Distributions | $4,624,419 | $3,641,124 | $4,151,500 |
| Net Investment Income | $7,289,717 | $1,335,370 | $771,038 |
| Distributable Amount | $2,968,789 | $2,566,210 | $2,646,039 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Raymond P Park is listed as the officer to whose attention correspondence should be directed.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAYMOND P PARK | PRESIDENT | 4 | — |
| DAN K PARK | VICE PRESIDENT | 4 | — |
| KELLY C PARK | VICE PRESIDENT, TREASURER | 2 | — |
| PIPER A PARK | VICE PRESIDENT | 2 | — |
| PATRICK M PARK | VICE PRESIDENT | 2 | — |
| RICKY L BERTRAM | SECRETARY | 4 | — |
Contact Information
Address: 3555 Reserve Commons Dr Medina, OH 44256-5900
Telephone: 216-265-2527
EIN: 20-0791170
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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