The Parsons Family Foundation
The Parsons Family Foundation is a private foundation based in New York, NY. It made 24 grants totaling $194,500 in 2024 to charitable organizations, with recipients including organizations working in education, human services, health, the arts, and animal welfare.
Key facts about The Parsons Family Foundation
In short: The Parsons Family Foundation gave $195K across 24 grants in 2024 (avg $8K), top state New York. 35% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 13-3864478
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $194,500
- Grants made (2024)
- 24
- Average grant
- $8,104
- Median grant
- $5,500
- New grantees (estimate)
- 35% first-time grantees (8 of 23, 2024; small sample)
- Total assets
- $417,800
- Primary geography
- New York (42% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$418K
-25.5% YoY
Annual Giving
$195K
+44.1% YoY
Grant Count
24
+14.3% YoY
Avg Grant Size
$8K
+26.1% YoY
Under IRS private-foundation payout rules, The Parsons Family Foundation reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
Is The Parsons Family Foundation open to new grantees?
35%
first-time grantees, 2024
In 2024, 8 of 23 grantees (35%) were first-time recipients. With only 23 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $8K; repeat grants $9K. How we count
Medians: $6K first-time, $5K repeat.
- 48% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−20%). Method
- In 2024 it paid out 548% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for organizations with varied missions. For example, Icahn School of Medicine at Mount Sinai says it advances science, medicine, and health care delivery; Lunch Break says it provides food, emergency shelter, clothing, and life-skills support to people in need; and Cristo Rey Brooklyn High School says it educates young people from underserved communities through a rigorous curriculum and work-study experience. These are the grantees’ descriptions of their own missions.
Grantmaking
In 2024, the foundation awarded 24 grants totaling $194,500. Grants ranged from $1,000 to $25,000, with a median grant of $5,500.
Among the largest grants were $25,000 each to Marine Corps Scholarship Foundation and Volunteers of America Greater New York. The foundation also gave $10,000 each to Boys & Girls Club of Monmouth County, De La Salle Academy, Determined to Be a Doctor Someday, Marine Corps Scholarship Foundation, Music Maker Relief Foundation, Shule Foundation, and VIP Community Services.
How to Apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with The Parsons Family Foundation?
Geographic Focus
Where this funder awards grants
In 2024, 42% of grant dollars went to recipients in New York, 18% to Virginia, 8% each to New Jersey and North Carolina, and 5% to Tennessee. Grants also went to organizations in other states, including Maine, Florida, Utah, and Michigan.
Grant Distribution by State
Share of 2024 grant dollars across all 24 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $135K (2023) to $243K (2021). In 2024 it made 24 grants totaling $195K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Marine Corps Scholarship Foundation ($35K across 2 grants). Together the top 10 received $135K.
Grant Size Distribution
132 grants across all recorded years
The most common grant size was under $50K: 131 grants of 132 (99%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Marine Corps Scholarship Foundation Alexandria, VA | Charitable | $25,000 |
| Volunteers of America Greater New York New York, NY | Charitable | $25,000 |
| Boys & Girls Club of Monmouth County Asbury Park, NJ | Charitable | $10,000 |
| De La Salle Academy New York, NY | Charitable | $10,000 |
| Determined to Be a Doctor Someday Memphis, TN | Charitable | $10,000 |
| Marine Corps Scholarship Foundation Alexandria, VA | Charitable | $10,000 |
| Music Maker Relief Foundation Hillsborough, NC | Charitable | $10,000 |
| Shule Foundation New York, NY | Charitable | $10,000 |
| Vip Community Services Bronx, NY | Charitable | $10,000 |
| Fields 4 Valor Farms Inc Brandywine, MD | Charitable | $7,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant total | Grant count |
|---|---|---|---|---|---|
| 2024 | $417,800 | $67,965 | $211,287 | $194,500 | 24 |
| 2023 | $561,122 | $208,494 | $152,202 | $135,000 | 21 |
| 2022 | $504,829 | $7,857 | $180,285 | $150,000 | 23 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $417,800 | $561,122 | $504,829 |
| Revenue | $67,965 | $208,494 | $7,857 |
| Expenses | $211,287 | $152,202 | $180,285 |
| Qualifying Distributions | $194,861 | $135,670 | $150,000 |
| Net Investment Income | $4,266 | $3,927 | $2,983 |
| Distributable Amount | $35,588 | $48,973 | $63,510 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Laura A Parsons as president/director; Gregory A Parsons and Rebecca L Parsons as directors; Leslie J Parsons as secretary; and Christopher C Angell as assistant secretary.
The Parsons Family Foundation is led by Laura A. Parsons, President & Director on every filing since 2020; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Laura A. Parsons
President & Director
On filings since 2020
1 hr/week
No compensation reported
Gregory A. Parsons
Director
On filings since 2020
No compensation reported
Rebecca L. Parsons
Director
On filings since 2020
No compensation reported
Leslie J. Parsons
Secretary
On filings since 2020
10 hrs/week
$10K (2020) → $11K (2024)
Christopher C. Angell
Assistant Secretary
On filings since 2020
No compensation reported
Former officers (1)
- Former: Richard D. Parsons (2020–2023) — Treasurer, Secretary & Director
Data from IRS Form 990 filings, 2020–2024. "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 $11K, to Leslie J Parsons (Secretary).
Contact
Mailing address: Co Tag Assoc 810 Seventh Ave 7Fl, New York, NY 10019
Phone: (212) 275-1500
Frequently asked questions about The Parsons Family Foundation
How much does The Parsons Family Foundation give each year?
The Parsons Family Foundation gave $195K across 24 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $135K across 21 grants.
What is The Parsons Family Foundation's typical grant size?
The Parsons Family Foundation's median grant in 2024 was $5,500, and its average grant was $8,104, across 24 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Parsons Family Foundation that year got $8K on average.
Where does The Parsons Family Foundation give grants?
The Parsons Family Foundation's top state is New York, with 42% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Virginia (18%) and New Jersey (8%). The most frequent recipient cities were New York, NY (7 grants), Alexandria, VA (2 grants) and Portland, ME (2 grants).
Does The Parsons Family Foundation give general operating support?
Not in 2024: none of the 24 grants with a stated purpose on The Parsons Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (24 grants).
Who are The Parsons Family Foundation's largest grantees?
The Parsons Family Foundation's largest 2024 grantees include Marine Corps Scholarship Foundation ($35,000 across 2 grants), Volunteers of America Greater New York ($25,000) and Boys & Girls Club of Monmouth County ($10,000), according to its 2024 IRS Form 990-PF. Together they received 36% of its itemized 2024 grant dollars.
How large is The Parsons Family Foundation?
The Parsons Family Foundation reported $418K in total assets on its 2024 IRS Form 990-PF. It paid out $195K in qualifying distributions that year, against a required minimum of $36K (roughly 5% of its investment assets).
What does The Parsons Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included support for organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from The Parsons Family Foundation?
The foundation states that it 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 Parsons Family Foundation's EIN?
The Parsons Family Foundation's EIN (Employer Identification Number) is 13-3864478. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Parsons Family 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 September 2026.
Here's the math on researching The Parsons Family Foundation by hand.
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