The Town of Parachute is a home rule municipality in Garfield County, Colorado, United States. The population was 1,390 at the 2020 census.

Willard Frank Libby was an American physical chemist noted for his role in the 1949 development of radiocarbon dating, a process which revolutionized archaeology and palaeontology. For his contributions to the team that developed this process, Libby was awarded the Nobel Prize in Chemistry in 1960.