1ST and 10 Foundation Inc
1ST and 10 Foundation Inc is a private foundation, based in Independence, OH. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 1 grant totaling $75K. Net investment income was $96K.
1ST and 10 Foundation Inc at a glance
In short: 1ST and 10 Foundation Inc gave $75K across 1 grant in 2025 (avg $75K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $75,000
- +7.1% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $75,000
- +7.1% vs 2024
- Median grant
- $75,000
- Total assets
- $1,093,283
- +2.1% vs 2024
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who 1ST and 10 Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Fidelity Investments Charitable Gift Fund ($75K).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How 1ST and 10 Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−16%). Method
- In 2025 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $50K (2023) to $104K (2020). In 2025 it made 1 grant totaling $75K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Investments Charitable Gift Fund Cincinnati, OH | General Support | $75,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,093,283 | $111,296 | $88,359 | $75,000 | 1 | $75,000 | $95,937 | $75,387 |
| 2024 | $1,070,346 | $96,981 | $80,858 | $70,000 | 1 | $70,000 | $86,123 | $71,585 |
| 2023 | $1,054,223 | $55,893 | $59,884 | $50,000 | 1 | $50,000 | $41,409 | $65,334 |
| 2022 | $1,057,972 | $42,977 | $106,485 | $89,245 | 4 | $89,245 | $21,462 | $67,226 |
| 2021 | $1,121,480 | $90,035 | $80,798 | $70,000 | 3 | $70,000 | $76,237 | $78,188 |
| 2020 | $1,112,243 | $86,871 | $126,099 | $103,625 | 6 | — | $70,909 | $64,193 |
Under IRS private-foundation payout rules, 1ST and 10 Foundation Inc reported a distributable amount of $75K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
1ST and 10 Foundation Inc is led by James C. Pennington, President & Trustee on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
James C. Pennington
President & Trustee
On filings since 2020
5 hrs/week
No compensation reported
Mary Robin Pennington
Vice President, Treasurer & Trustee
On filings since 2020
5 hrs/week
No compensation reported
Andrea Pennington
Secretary
On filings since 2020
1 hr/week
No compensation reported
Stephanie Lafauci
Assistant Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about 1ST and 10 Foundation Inc
How much does 1ST and 10 Foundation Inc give each year?
1ST and 10 Foundation Inc gave $75K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $70K across 1 grant.
How large is 1ST and 10 Foundation Inc?
1ST and 10 Foundation Inc reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $75K in qualifying distributions that year, against a required minimum of $75K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does 1ST and 10 Foundation Inc operate?
1ST and 10 Foundation Inc has awarded grants in Kentucky, Louisiana, New York, Ohio, Tennessee, West Virginia.
What is 1ST and 10 Foundation Inc's EIN?
1ST and 10 Foundation Inc's EIN (Employer Identification Number) is 20-0787954. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
- IRS filings on file for fiscal years 2020–2024
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