Parker-hannifin Foundation
The Parker-Hannifin Foundation is a company-sponsored foundation incorporated in 1953 and granted charitable status in March 1954. Based in Cleveland, Ohio, it is a 501(c)(3) organization with the primary mission of supporting nonprofit organizations across multiple sectors. The foundation is sponsored by Parker-Hannifin Corporation.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$19.0M
+42.3% YoY
Annual Giving
$9.6M
+22.9% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$4.8M
+22.9% YoY
Mission & Focus Areas
The foundation supports organizations involved in:
- Arts and culture
- Education
- Health
- Sports
- Human services
- Community economic development
- Civic affairs
Grantmaking
The foundation makes grants to educational institutions, health care organizations, and various local charities. It also provides matching gifts to eligible organizations.
Grant Range
** Typical awards range from $96,394 to $9,512,360.
How to Apply
** The foundation does not respond to unsolicited applications for funding.
Ready to take the next step with Parker-hannifin Foundation?
Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on Virginia, Massachusetts, and South Carolina, though it also supports local Cleveland-area organizations.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2024:
| Metric | Amount |
|---|---|
| Total Assets | $13,322,608 |
| Total Revenues | $9,074,288 |
| Total Expenses | $8,385,633 |
| Total Grants Made | $6,526,281 |
| Investment Income | $688,655 |
Revenue Breakdown (FY 2024):
- Grants and contributions: $8,379,057
- Investment income and dividends: $688,655
- Miscellaneous revenues: $6,576
Year-over-Year Growth (FY 2023 to FY 2024):
- Total revenues increased 22.2%
- Total grants, contributions increased 20.6%
- Investment income increased 45.6%
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $18,955,541 | $13,322,608 | $12,624,200 |
| Revenue | $10,884,288 | $9,074,288 | $7,423,632 |
| Expenses | $10,246,426 | $8,385,633 | $6,950,512 |
| Qualifying Distributions | $9,641,239 | $7,845,021 | $6,432,104 |
| Net Investment Income | $637,862 | $688,655 | $473,120 |
| Distributable Amount | $687,634 | $626,358 | $600,711 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TODD LEOMBRUNO | 0 | — | — |
| JOSEPH LEONTI | 0 | — | — |
| JENNIFER PARMENTIER | 0 | — | — |
| ANDREW ROSS | 0 | — | — |
| MARK HART | 0 | — | — |
| GUY FABE | 0 | — | — |
Recent News & Activity
Recent developments and announcements
The Parker-Hannifin Foundation was recognized as a launch donor to the 2026 Special Olympics Airlift Campaign
Celebrating the Launch Donor to the 2026 Special Olympics Airlift Campaign:The foundation endowed an engineering chair at Case Western Reserve University
Parker Hannifin Foundation endows engineering chair at Case Western ReserveThe Stuff the Bus Foundation received a Parker-Hannifin Foundation grant to support students
Parker Hannifin Foundation endows engineering chair at Case Western ReserveA $225,000 grant was awarded to support community school services at Erie High School
Stuff the Bus Foundation awarded Parker Hannifin grant to support studentsRelated Funders
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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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