Park Family Foundation Inc
EIN 471958302 Private FoundationAbout
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $83,500. This amount represents 25% or more of the Foundation's net assets of $319,119 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2018 | $2K | $362K | $3K | 1 |
| 2019 | N/A | $299K | $3K | N/A |
| 2020 | $56K | $319K | $81K | 5 |
| 2022 | $43K | $319K | $3K | 6 |
| 2023 | $84K | $242K | $12K | 7 |
| 2024 | $38K | $208K | $11K | 8 |
Grant Size Distribution
Based on 27 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (27 total)
| Purpose | ||||
|---|---|---|---|---|
| Trustees of the Lawrenceville School | Lawrenceville, NJ | $40,000 | Capital Campaign | 2023 |
| Massachusetts Institute of Technology | Cambridge, MA | $25,000 | School of Science's Fund for the Future of Science | 2020 |
| President and Fellows of Harvard College | Cambridge, MA | $25,000 | Parents Fund | 2023 |
| Trustees of the Lawrenceville School | Lawrenceville, NJ | $20,000 | Capital Campaign | 2020 |
| Trustees of the Lawrenceville School | Lawrenceville, NJ | $20,000 | Capital Campaign | 2022 |
| Trustees of the Lawrenceville School | Lawrenceville, NJ | $10,000 | The Lawrenceville School Fund | 2022 |
| Massachusetts Institute of Technology | Cambridge, MA | $10,000 | Future Science FUND for the School of Science | 2023 |
| President and Fellows of Harvard College | Cambridge, MA | $10,000 | Parents Fund | 2024 |
| Trustees of the Lawrenceville School | Lawrenceville, NJ | $10,000 | Lawrenceville Fund | 2024 |
| Massachusetts Institute of Technology | Cambridge, MA | $6,817 | MIT Quest for Intelligence | 2024 |
| Trustees of the Lawrenceville School | Lawrenceville, NJ | $5,000 | Lawrenceville Fund | 2020 |
| United States Squash Racquets Association Inc | New York, NY | $5,000 | Community Initiative fund at the Arlen Specter US Squash Center at the Armory | 2020 |
| United States Squash Racquets Association Inc | Philadelphia, PA | $5,000 | Community Initiative at the Arlen Specter US Squash Center at the Armory | 2022 |
| Waterside School Inc | Stamford, CT | $5,000 | faculty support and professional development | 2022 |
| United States Squash Racquets Association Inc | Philadelphia, PA | $5,000 | Community Initiative at the Arlen Specter US Squash Center at the Armory | 2023 |
| United States Squash Racquets Association Inc | Philadelphia, PA | $5,000 | The Community Initiative at the Arlen Specter US Squash Center at the Armory | 2024 |
| Massachusetts Institute of Technology | Cambridge, MA | $3,183 | MIT Quest for Intelligence | 2024 |
| Trustees of the Lawrenceville School | Lawrenceville, NJ | $2,500 | Class of 1988 35th Reunion | 2023 |
| United States Squash Racquets Association Inc | Philadelphia, PA | $2,022 | Senior Class of 2022 | 2022 |
| Greenwich Academy Inc | Greenwich, CT | $1,500 | Annual Fund | 2018 |
| Squash Haven Inc | New Haven, CT | $1,500 | Charitable Event | 2020 |
| Korea Finance Society Ltd | Brooklyn, NY | $1,112 | Charitable Event | 2024 |
| Association of Asian American Investment Managers | San Francisco, CA | $1,000 | General & Unrestricted | 2024 |
| Korea Finance Society Ltd | Brooklyn, NY | $1,000 | KFS Fellowship Program | 2024 |
| Squash Haven Inc | New Haven, CT | $500 | Squash Haven Showdown | 2022 |
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