Albert Penick Fund
Albert Penick Fund is a private foundation focused on Education, based in BIG INDIAN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $583K in total assets. In 2024, it awarded 6 grants totaling $19K. Net investment income was $13K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$583K
-4.5% YoY
Annual Giving
$19K
-68.1% YoY
Grant Count
6
-66.7% YoY
Avg Grant Size
$3K
-4.2% YoY
Under IRS private-foundation payout rules, Albert Penick Fund reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.
About Albert Penick Fund
Based on IRS filings
Albert Penick Fund is a private foundation focused on Education, based in BIG INDIAN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $583K in total assets. In 2024, it awarded 6 grants totaling $19K. Net investment income was $13K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $583,315 | $610,832 | $720,557 |
| Revenue | $77,369 | $31,049 | $51,904 |
| Expenses | $104,888 | $140,707 | $131,453 |
| Qualifying Distributions | $40,800 | $81,100 | $66,850 |
| Net Investment Income | $13,281 | — | — |
| Distributable Amount | $40,248 | $40,703 | $44,795 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
81 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Breast Cancer Options ($5,000), Wbgonewark Public Radio Inc ($5,000), Big Indian-oliverea Fire Co Inc ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BIG INDIAN-OLIVEREA FIRE CO INC BIG INDIAN, NY | CHARITABLE | $3,000 |
| BREAST CANCER OPTIONS KINGSTON, NY | CHARITABLE | $5,000 |
| PHOENICIA LIBRARY PHOENICIA, NY | CHARITABLE | $2,000 |
| THE MAYA GOLD FOUNDATION INC NEW PALTZ, NY | CHARITABLE | $2,000 |
| THE SAMADHI RECOVERY COMMUNITY OUTREACH CENTER KINGSTON, NY | CHARITABLE | $2,000 |
| WBGONEWARK PUBLIC RADIO INC NEWARK, NJ | CHARITABLE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| V SUSAN PENICK | TRUSTEE | 10 | $42,000 |
| CHERYL STEPHEN | TRUSTEE | 5 | $30,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Albert Penick Fund?
Albert Penick Fund is a private foundation focused on Education, based in BIG INDIAN, NY. It holds $583K in total assets as of 2024.
How large is Albert Penick Fund?
As of 2024, Albert Penick Fund holds $583K in total assets with $77K in annual revenue. It awarded 6 grants totaling $19K in 2024.
Where does Albert Penick Fund operate?
Albert Penick Fund has awarded grants in California, New Jersey, New York, Texas.
What size grants does Albert Penick Fund award?
In 2024, Albert Penick Fund awarded 6 grants totaling $19K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Albert Penick Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Albert Penick Fund reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Albert Penick Fund's EIN?
Albert Penick Fund's EIN (Employer Identification Number) is 13-6161137. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Albert Penick Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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