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PARK FOUNDATION INC

ITHACA, NY · EIN 166071043 · Form 990PF · FY2024 · Large ($10M-$50M)
revenue
$34.3M
expenses
$5.9M
net assets
$384.1M
employees
profile · synthesized from sources

Park Foundation Inc is a private foundation based in Ithaca, NY that supports nonprofit organizations working in environmental conservation, democratic governance, and media and journalism. The foundation provides general operating and project support grants to a national portfolio of grantees. It does not conduct direct service programs but focuses on strategic philanthropy to advance systemic change.

named programs · 3 · from sources

What they call their work

Democracy Program
Funds efforts to strengthen democratic institutions, government accountability, and civic engagement
Environmental Conservation Program
Supports organizations working on environmental protection, climate change, and conservation initiatives
Media and Journalism Program
Supports independent journalism, investigative reporting, and media organizations that promote public interest
activities · 4 groups

What they do

  • General Operating Support Grants 2 activities
    • Funding general operating support for government accountability and public interest research organizations
      Provides general operating support to organizations focused on government oversight and public interest advocacy, including Project On Government Oversight ($420,000), Tides Foundation ($500,000), and Fund for Constitutional Government ($250,000).
    • Funding intermediary grantmaking organizations
      Provides general operating support to fiscally sponsored grant intermediaries, including New Venture Fund ($250,000), which channels funds to various nonprofit initiatives.
  • Public Media Funding 2 activities
    • Funding media and telecommunications education organizations
      Provides general operating support to educational media organizations, including Greater Washington Educational Telec Assoc Inc ($300,000) and American University ($225,000).
    • Funding public interest communications and media reform initiatives
      Provides general operating support to Free Press ($350,000), an organization advocating for media reform and equitable access to communications.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding project-specific initiatives in education and public health
      Provides project-specific funding to nonprofit organizations, including Georgia Alliance Education Fund ($250,000) and Chef Ann Foundation ($225,000).
  • Uncategorized 1 activity
    • Funding general operating support for investigative journalism and media organizations
      Provides general operating support grants to nonprofit media and investigative journalism organizations, including the Center for Investigative Reporting ($670,000), WGBH Educational Foundation ($600,000), and ProPublica Inc ($250,000).
financials · form 990PF · fy2024
revenue
Total revenue$34.32M
Contributions & grants$8520%
Program service revenue
Investment income$4.21M12%
Other revenue$30.08M
expenses
Total expenses$5.93M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$308K
Grants paid out$30.39M
balance sheet
Total assets$406.02M
Cash
Investments
Liabilities
Net assets$384.15M
3 years on record · 2020–2024 · YoY revenue +145.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 8
NameTitleHours/wkCompensation
RACHEL LEON EXECUTIVE DIRECTOR 35 $344K
ADELAIDE P GOMER PRESIDENT 10 $50K
ALICIA P WITTINK VICE PRESIDENT 10 $50K
DONNA F EDWARDS DIRECTOR 4 $50K
JAY R HALFON SECRETARY/TREASURER 4 $50K
LISA GRAVES DIRECTOR 4 $50K
RAY PAULTRE DIRECTOR 4 $50K
JEROME B LIBIN DIRECTOR 0 $8K
relationships · 12

Who they work with

  • AMERICAN UNIVERSITY Partner — Receives general operating support grants from PARK FOUNDATION INC.
  • CENTER FOR INVESTIGATIVE REPORTING Partner — Receives general operating support grants from PARK FOUNDATION INC.
  • CHEF ANN FOUNDATION Partner — Receives project support grants from PARK FOUNDATION INC.
  • FREE PRESS Partner — Receives general operating support grants from PARK FOUNDATION INC.
  • FUND FOR CONSTITUTIONAL GOVERNMENT Partner — Receives general operating support grants from PARK FOUNDATION INC.
  • GEORGIA ALLIANCE EDUCATION FUND Partner — Receives project support grants from PARK FOUNDATION INC.
  • GREATER WASHINGTON EDUCATIONAL TELEC ASSOC INC Partner — Receives general operating support grants from PARK FOUNDATION INC.
  • NEW VENTURE FUND Partner — Receives general operating support grants from PARK FOUNDATION INC.
  • PROJECT ON GOVERNMENT OVERSIGHT Partner — Receives general operating support grants from PARK FOUNDATION INC.
  • PROPUBLICA INC Partner — Receives general operating support grants from PARK FOUNDATION INC.
  • TIDES FOUNDATION Partner — Receives general operating support grants from PARK FOUNDATION INC.
  • WGBH EDUCATIONAL FOUNDATION Partner — Receives general operating support grants from PARK FOUNDATION INC.