Park Foundation Explained

Park Foundation
Named After:Roy H. Park
Formation:1966
Founder:Roy H. Park
Type:Nonprofit
Tax Id:16-6071043
Status:501(c)(3) foundation
Headquarters:Ithaca, New York
Methods:Grant-making
Leader Title:Board President
Leader Name:Adelaide P. Gomer
Leader Title2:Executive Director
Leader Name2:Rachel Leon
Board Of Directors:
  • Adelaide P. Gomer
  • Alicia P. Wittink
  • Hon. Donna F. Edwards
  • Jay R. Halfon
  • Jerome B. Libin
Affiliations:Triad Foundation
Disbursements:$27,834,926 (2013)[1]
Endowment:$417,289,515 (2013)

The Park Foundation is an American nonprofit foundation founded in 1966 by entrepreneur and media mogul Roy H. Park.

The foundation supports a variety of liberal and environmental causes, and has been a major supporter of the anti-fracking movement[2] [3] as well as education. From 2009 to 2012, the foundation gave over $3 million to dozens of advocacy groups and other institutions that oppose fracking, including $175,000 to produce the documentary Gasland.[4] In 2013, the foundation gave $50 million to endow the Park Scholarships program at North Carolina State University.[5]

It is based in Ithaca, New York and is chaired by Park's daughter, Adelaide Park Gomer. Rachel Leon is the Executive Director.[6]

In 2003, the Triad Foundation was spun off from the Park Foundation, as a result of political disputes between Park's children.[7] [8]

Notes and References

  1. Web site: IRS Form 990 2013. Internal Revenue Service. 15 June 2015.
  2. News: Soraghan . Mike . March 12, 2012. Quiet foundation funds the 'anti-fracking' fight . EnergyWire . 5 May 2014 .
  3. News: Siegel. Fred. Fred Siegel: Fracking, Poverty and the New Liberal Gentry. 15 June 2015. Wall Street Journal. November 7, 2013.
  4. News: Campbell . Jon . Apr 15, 2012 . Park Foundation funds anti-fracking groups . . 5 May 2014 .
  5. News: Burns. Matthew. NCSU gets $50M gift for scholarship endowment. 12 January 2016. WRAL. September 27, 2013.
  6. Web site: About Us . Park Foundation . 8 September 2021.
  7. News: Fowler. Kelsey. Park family locked in power struggle. 15 June 2015. The Ithacan. November 11, 2010.
  8. News: Chaisson. Bill. Legacy Lives On: Park, Triad foundations continue the work of Roy Park Sr.. 15 June 2015. Ithaca.com. August 15, 2012.