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The Allen Parks Foundation was established in August 2001 as a 501 (c)(3) nonprofit corporation.

The primary purpose of the Foundation:

to assist the City of Allen and governmental partners, local groups and organizations in enhancing the overall park system and recreational facilities through expanded development of parks and recreational programming 
 •to accept land, bequests, rights of way, and other donations to further the mission of the Foundation

to support and improve the recreational opportunities in the park system which enhances the community and the citizen's quality of life