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
Under IRS private-foundation payout rules, The Park Foundation reported a distributable amount of $3.0M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Keep Memory Alive - Cleveland Clinic Lou Ruvo Center ($1,000,000), Cleveland Clinic Foundation ($400,000), All-star Orchestra Summit Symphony of the Stars ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALL-STAR ORCHESTRA SUMMIT SYMPHONY OF THE STARS LARCHMONT, NY | CHARITABLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $100,000 |
| AMERICAN FRIENDS OF BELVOIR CASTLE FOUNDATION STUDIO CITY, CA | CHARITABLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $50,000 |
| AMERICAN HEART ASSOCIATION WEST PALM BEACH, FL | CHARITABLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $97,600 |
| BEAVERTON ARTS FOUNDATION BEAVERTON, OR | CHARITABLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $10,000 |
| BRENT SHAPIRO FOUNDATION FOR DRUG AWARENESS LOS ANGELES, CA | CHARITABLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $25,000 |
| BRENT SHAPIRO FOUNDATION FOR DRUG AWARENESS LOS ANGELES, CA | CHARITABLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $30,000 |
| CANTON FIRE DEPARTMENT CANTON, OH | CHARITABLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $50,000 |
| CANTON POLICE DEPARTMENT CANTON, OH | CHARITABLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $50,000 |
| CENTER FOR CREATIVE EDUCATION WEST PALM BEACH, FL | CHARITABLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $100,000 |
| CHABAD OF WEST VILLAGE INC NEW YORK, NY | CHARITABLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $10,000 |
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
Frequently Asked Questions
What does The Park Foundation fund?
The foundation supports organizations involved with: • Performing arts • Education • Health and medical services • Cancer-related initiatives • Golf • Human services • Philanthropy, voluntarism, and grantmaking
How do I apply for a grant from The Park Foundation?
**Grant Activity:** • Total giving in 2024: $4,622,093 • Number of grants awarded in 2024: 68 grants • Average grant size: $68,000 • Typical award range: $1,000–$1,000,000 • Median grant amount: Not specified in available data **Financial Trends:** • Annual giving increased 27.0% year-over-year from 2023 to 2024 • Average grant size increased 30.7% year-over-year • Grant count decreased 2.9% year-over-year **Direct Activities:** The foundation did not engage in direct charitable activities duri…
Where does The Park Foundation make grants?
The foundation's grantmaking focuses primarily on: • Ohio • Oregon • Pennsylvania
What size grants does The Park Foundation award?
In 2024, The Park Foundation awarded 68 grants totaling $4.6M — an average of about $68K per grant, based on its IRS Form 990 filings.
How much is The Park Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Park Foundation reported a distributable amount of $3.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Park Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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