The foundation was originally set up for educational and sports projects for children, but has since re-allocated its resources towards helping Ukrainian women and children through the war.
It is now made up of multiple aid branches, including humanitarian aid, medical needs, financial aid and establishing new partnerships to raise funds.
More than €190,000 of the €510,000 was used to purchase humanitarian aid, which included 40 tons of food, medicine and clothes that were delivered to Kyiv, Chernihiv and other affected regions.
This portion of the funds has also went to securing evacuations and providing financial support for Ukrainian athletes with disabilities.
Last month Parimatch partnered with British charity organisation WeHelpUkrainians to launch the Ukraine Hospitals Appeal initiative, which aims to raise $1m for those affected by the conflict.
In March Parimatch withdrew its Betring LLC franchise from Russia in response to the war. In the same month it cut ties with Russian esports team Team Spirit.