Ac and Penney Hubbard Foundation Inc
AC AND PENNEY HUBBARD is a private foundation based in Baltimore, Maryland. Its 2024 filing reports 70 grants totaling $905,989 to organizations including schools, community-development organizations, arts organizations, and other nonprofits.
Ac and Penney Hubbard Foundation Inc at a glance
In short: Ac and Penney Hubbard Foundation Inc gave $906K across 70 grants in 2024 (avg $13K), mostly in Maryland. 13% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $905,989
- +139.1% vs 2023
- Grants made (2024)
- 70
- +11.1% vs 2023
- Average grant
- $12,943
- +115.2% vs 2023
- Median grant
- $1,000
- New grantees (estimate)
- 13% first-time grantees (9 of 70, 2024)
- Primary geography
- Maryland (82% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Ac and Penney Hubbard Foundation Inc
- How to Apply
-
The filing lists a letter to AC Hubbard as the application material; it gives no deadline and states that there are no restrictions on awards.
- Contact
Application contact: Ac Hubbard
Mailing address: PO Box 482, Wilson, WY 83014
Phone: (410) 825-8221
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Ac and Penney Hubbard Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Hubbard Family Charitale Fund ($556K). Together the top 10 received $830K.
Grant Size Distribution
357 grants across all recorded years
The most common grant size was under $50K: 343 grants of 357 (96%).
Geographic Focus
Where this funder awards grants
In 2024, 82% of grant dollars went to recipients in Maryland, 9% to Massachusetts, 3% each to Wyoming and Virginia, and 1% to Pennsylvania.
Grant Distribution by State
Share of 2024 grant dollars across all 70 itemized grants.
States
Cities
Is Ac and Penney Hubbard Foundation Inc open to new grantees?
13%
first-time grantees, 2024
In 2024, 9 of 70 grantees (13%) were first-time recipients. First grants averaged $69K; repeat grants $5K. How we count
Medians: $1K first-time, $1K repeat.
- 81% of 2024 grantees were also funded in 2023. Method
- Giving grew 419% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $175K (2021) to $906K (2024). In 2024 it made 70 grants totaling $906K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hubbard Family Charitale Fund Baltimore, MD | Unrestricted | $556,015 |
| The Governor's Academy Byfield, MA | Unrestricted | $83,334 |
| United Way of Central Maryland Baltimore, MD | Unrestricted | $50,000 |
| Rebuild Metro Baltimore, MD | Unrestricted | $50,000 |
| Washington & Lee University Lexington, VA | Unrestricted | $25,000 |
| Best Baltimore, MD | Unrestricted | $18,972 |
| Teton School of Science Jackson, WY | Unrestricted | $18,000 |
| Garrison Forest School Owings Mills, MD | Unrestricted | $15,000 |
| Friends School Baltimore, MD | Unrestricted | $7,500 |
| Bryn Mawr School Baltimore, MD | Unrestricted | $6,600 |
Ready to take the next step with Ac and Penney Hubbard Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $450,042 | $911,084 | $905,989 | 70 | $905,989 | $449,285 | $30,199 |
| 2023 | $461,042 | $571,521 | $382,470 | $378,975 | 63 | $378,975 | $533,786 | $9,022 |
| 2022 | $271,991 | $319,177 | $462,692 | $459,175 | 74 | $459,175 | $4,862 | $18,971 |
| 2021 | $415,506 | $303,088 | $177,735 | $174,550 | 74 | — | $1,736 | $23,486 |
| 2020 | $290,153 | $203,349 | $222,366 | $218,953 | 76 | — | $1,928 | $13,173 |
| 2019 | $309,170 | $254,225 | $195,848 | $191,897 | 80 | — | $2,755 | $14,890 |
Under IRS private-foundation payout rules, Ac and Penney Hubbard Foundation Inc reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for varied organizations. For example, Rebuild Metro says it seeks to create wealth and opportunity through real estate investment and community partnerships. The Odyssey School says it provides specialized education to children with dyslexia and other language-learning differences. The Baltimore Museum of Art describes its work as connecting art to Baltimore and Baltimore to the world, with a commitment to artistic excellence and social equity. These are the grantees’ descriptions of their own missions, not stated priorities of the foundation.
Grantmaking
In filing year 2024, the foundation reported 70 grants totaling $905,989. Individual grants ranged from $150 to $556,015, with a median of $1,000. The largest reported grants included $556,015 to Hubbard Family Charitable Fund, $83,334 to The Governor’s Academy, and $50,000 each to United Way of Central Maryland and Rebuild Metro. The filing lists each of these grants as unrestricted.
The 2023 filing states that the foundation did not restrict giving to preselected organizations. It lists a letter to AC Hubbard as the application material, no deadline, and no restrictions on awards. Because the filing is marked final and the remaining assets were transferred in 2025, these instructions should not be treated as current application guidance.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists AC Hubbard as president and Penney Hubbard as secretary.
Ac and Penney Hubbard Foundation Inc is led by Ac Hubbard, President on every filing since 2019; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ac Hubbard
President
On filings since 2019
0.5 hrs/week
No compensation reported
Penney Hubbard
Secretary
On filings since 2019
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Ac and Penney Hubbard Foundation Inc
How much does Ac and Penney Hubbard Foundation Inc give each year?
Ac and Penney Hubbard Foundation Inc gave $906K across 70 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $379K across 63 grants.
What is Ac and Penney Hubbard Foundation Inc's typical grant size?
Ac and Penney Hubbard Foundation Inc's median grant in 2024 was $1,000, and its average grant was $12,943, across 70 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Ac and Penney Hubbard Foundation Inc that year got $69K on average.
Where does Ac and Penney Hubbard Foundation Inc give grants?
Ac and Penney Hubbard Foundation Inc gives mostly in Maryland: 82% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (9%). The most frequent recipient cities were Baltimore, MD (31 grants), Washington, DC (4 grants), Jackson, WY (3 grants) and Owings Mills, MD (2 grants).
Does Ac and Penney Hubbard Foundation Inc give general operating support?
Yes: 99% of Ac and Penney Hubbard Foundation Inc's 2024 grants with a stated purpose (69 of 70) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Ac and Penney Hubbard Foundation Inc's largest grantees?
Ac and Penney Hubbard Foundation Inc's largest 2024 grantees include Hubbard Family Charitale Fund ($556,015), The Governor's Academy ($83,334) and United Way of Central Maryland ($50,000), according to its 2024 IRS Form 990-PF. Together they received 76% of its itemized 2024 grant dollars.
What does Ac and Penney Hubbard Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants show support for varied organizations. For example, Rebuild Metro says it seeks to create wealth and opportunity through real estate investment and community partnerships. See mission & focus areas ↑
How do I apply for a grant from Ac and Penney Hubbard Foundation Inc?
The filing lists a letter to AC Hubbard as the application material; it gives no deadline and states that there are no restrictions on awards. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Ac and Penney Hubbard Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ac and Penney Hubbard Foundation Inc reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ac and Penney Hubbard Foundation Inc's EIN?
Ac and Penney Hubbard Foundation Inc's EIN (Employer Identification Number) is 52-1486929. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 10, 2020)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Maryland
Maryland Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Ac and Penney Hubbard Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
IBM International Foundation
Armonk, NY
The IBM International Foundation funds education and workforce programs that build 21st-century and technology job skills, including initiatives for underserved students and job seekers. Its 2024 grants ranged from $10,000 to $8.48 million, with a median of $100,000, and went to organizations across several U.S. states, especially Delaware and Massachusetts. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$357.7M
Grants
16
Total Given
$11.7M
France-Merrick Foundation Inc
Baltimore, MD
The Foundation funds one-time, project-based work in civic and culture, community and economic development, conservation, education, health and human services, and historic preservation, mainly in greater Baltimore and elsewhere in Maryland. Its 2025 grants ranged from $100 to $305,000, with a median of $22,370. It accepts unsolicited requests through a rolling letter-of-inquiry process; proposals are by invitation.
Assets
$192.7M
Grants
184
Total Given
$10.1M
TRP Shawe FNDATN
Milwaukee, WI
TRP Shawe Foundation supports arts, education, community improvement, and humanitarian work, with most 2025 grant dollars going to Maryland organizations and smaller shares to organizations in New Mexico, California, Washington, D.C., and New York. It made 69 grants in 2025, ranging from $500 to $137,000, with a median award of $5,000. Its 2024 filing says it does not limit giving to preselected organizations and describes an application process; awards are limited to 501(c)(3) organizations.
Assets
$7.7M
Grants
69
Total Given
$1.1M
Clayton Baker Trust
Baltimore, MD
The Clayton Baker Trust funds education, environmental, and community development work, primarily in Maryland; in 2024, 95% of its grant dollars went to Maryland recipients. Its 86 grants ranged from $5,000 to $115,000, with a median of $20,000. The Trust accepts applications from organizations beyond a preselected list; applicants must submit a cover letter, proposal narrative, and attachments in the ABAG Common Grant Application Format.
Assets
$32.9M
Grants
86
Total Given
$2.4M
Lockhart Vaughan Foundation
Baltimore, MD
The Lockhart Vaughan Foundation supports Baltimore-area 501(c)(3) organizations working in education, environmental protection, and community development. Its 2025 grants ranged from $4,000 to $176,522, with a median of $27,500. New applicants start with a Letter of Intent, but the profile does not state whether unsolicited requests are accepted.
Assets
$38.6M
Grants
78
Total Given
$2.7M
The Bunting Family Foundation
Hunt Valley, MD
The Bunting Family Foundation supports organizations in environmental conservation, arts, history, education, and health care, with most 2024 funding going to Maryland recipients. Its 2024 grants ranged from $5,000 to $1,055,624, with a median of $30,000. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$78.2M
Grants
104
Total Given
$6.6M
More similar funders
More Funders in Maryland
Cite this profile
Grantable. (2026). Ac and Penney Hubbard Foundation Inc funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/ac-and-penney-hubbard-foundation-inc-morg_ef1b6882d9c34f4bb730cfb14b3b352f
BibTeX
@misc{grantable_521486929_2026,
author = {{Grantable}},
title = {{Ac and Penney Hubbard Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/ac-and-penney-hubbard-foundation-inc-morg_ef1b6882d9c34f4bb730cfb14b3b352f},
note = {Accessed 2026-10-20. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Ac and Penney Hubbard Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Ac and Penney Hubbard Foundation Inc down — hundreds of funders to go?