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.
Albert Penick Fund at a glance
In short: Albert Penick Fund gave $19K across 6 grants in 2024 (avg $3K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $19,000
- -68.1% vs 2023
- Grants made (2024)
- 6
- -66.7% vs 2023
- Average grant
- $3,167
- -4.2% vs 2023
- Median grant
- $2,500
- Total assets
- $583,315
- -4.5% vs 2023
- Primary geography
- New York (74% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Albert Penick Fund funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Breast Cancer Options ($5K). Together the top 6 received $19K.
Grant Size Distribution
81 grants across all recorded years
The most common grant size was under $50K: 81 grants of 81 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Albert Penick Fund gives
- Giving fell 73% from 2021 to 2024. Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $19K (2024) to $85K (2020). In 2024 it made 6 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Breast Cancer Options Kingston, NY | Charitable | $5,000 |
| Wbgonewark Public Radio Inc Newark, NJ | Charitable | $5,000 |
| Big Indian-Oliverea Fire CO Inc Big Indian, NY | Charitable | $3,000 |
| 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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $583,315 | $77,369 | $104,888 | $19,000 | 6 | $40,800 | $13,281 | $40,248 |
| 2023 | $610,832 | $31,049 | $140,707 | $59,500 | 18 | $81,100 | — | $40,703 |
| 2022 | $720,557 | $51,904 | $131,453 | $45,000 | 16 | $66,850 | — | $44,795 |
| 2021 | $800,544 | $88,550 | $155,619 | $71,500 | 23 | $93,600 | $26,531 | $53,113 |
| 2020 | $868,050 | $11,994 | $172,197 | $85,000 | 18 | — | — | $49,752 |
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.
Leadership & Key People
Officers and directors from IRS filings
Albert Penick Fund's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
Cheryl Stephen
Trustee
On filings since 2020
5 hrs/week
$30K (2020) → $30K (2024)
V. Susan Penick
Trustee
On filings since 2020
10 hrs/week
$42K (2020) → $42K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $42K, to V Susan Penick (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Albert Penick Fund
How much does Albert Penick Fund give each year?
Albert Penick Fund gave $19K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $60K across 18 grants.
What is Albert Penick Fund's typical grant size?
Albert Penick Fund's median grant in 2024 was $2,500, and its average grant was $3,167, across 6 grants on its 2024 IRS Form 990-PF.
Where does Albert Penick Fund give grants?
Albert Penick Fund gives mostly in New York: 74% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (26%). The most frequent recipient cities were Kingston, NY (2 grants).
Does Albert Penick Fund give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Albert Penick Fund's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (6 grants).
Who are Albert Penick Fund's largest grantees?
Albert Penick Fund's largest 2024 grantees include Breast Cancer Options ($5,000), Wbgonewark Public Radio Inc ($5,000) and Big Indian-Oliverea Fire CO Inc ($3,000), according to its 2024 IRS Form 990-PF. Together they received 68% of its itemized 2024 grant dollars.
How large is Albert Penick Fund?
Albert Penick Fund reported $583K in total assets on its 2024 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $40K (roughly 5% of its investment assets).
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.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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