Carol M Penn Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELMONT, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $323K in total assets. In 2024, it awarded 10 grants totaling $42K. Net investment income was $126.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$323K
-12.4% YoY
Annual Giving
$42K
+41.0% YoY
Grant Count
10
-9.1% YoY
Avg Grant Size
$4K
+55.1% YoY
Under IRS private-foundation payout rules, Carol M Penn Family Foundation reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
About Carol M Penn Family Foundation
Based on IRS filings
Carol M Penn Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELMONT, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $323K in total assets. In 2024, it awarded 10 grants totaling $42K. Net investment income was $126.
Focus Areas
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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 | $322,947 | $368,678 | $402,441 |
| Revenue | $126 | $145 | $159 |
| Expenses | $45,855 | $33,490 | $30,957 |
| Qualifying Distributions | $42,000 | $29,784 | $27,600 |
| Net Investment Income | $126 | $145 | $159 |
| Distributable Amount | $16,428 | $19,307 | $20,469 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Memorial Sloan Kettering Cancer Center ($15,000), Dr Ursula Matulonis Gyn Research Fund ($7,500), Yale University ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FRIENDS OF MUSEUMS IN ISRAEL NEW YORK, NY | FOR GENERAL OPERATING SUPPORT | $500 |
| BARNARD COLLEGE NEW YORK, NY | FOR GENERAL OPERATING SUPPORT | $2,500 |
| MEMORIAL SLOAN KETTERING CANCER CENTER NEW YORK, NY | FOR GENERAL OPERATING SUPPORTFOR GENERAL OPERATING SUPPORTFOR GENERAL OPERATING SUPPORT | $15,000 |
| DR URSULA MATULONIS GYN RESEARCH FUND BOSTON, MA | FOR GENERAL OPERATING SUPPORT | $7,500 |
| BARNARD COLLEGE NEW YORK, NY | FOR GENERAL OPERATING SUPPORT | $2,500 |
| HOSPITAL FOR SPECIAL SURGERY NEW YORK, NY | FOR GENERAL OPERATING SUPPORT | $2,000 |
| YALE UNIVERSITY NEW HAVEN, CT | FOR GENERAL OPERATING SUPPORT | $5,000 |
| FRANCINE LEFRAK WELLNESS CENTER NEW YORK, NY | FOR GENERAL OPERATING SUPPORT | $1,000 |
| AMERICAN FRIENDS OF MUSEUMS IN ISRAEL NEW YORK, NY | FOR GENERAL OPERATING SUPPORT | $5,000 |
| LENOX HILL NEIGHBORHOOD HOUSE NEW YORK, NY | FOR GENERAL OPERATING SUPPORTFOR GENERAL OPERATING SUPPORTFOR GENERAL OPERATING SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROL M PENN | PRESIDENT AND DIRECTOR | 0.5 | — |
| LAURENCE E PENN | VICE PRESIDENT AND DIRECTO | 0.5 | — |
| JONATHAN A PENN | SECRETARY, TREASURER, & VI | 0.5 | — |
| VALERIE A PENN | VICE PRESIDENT | 0.5 | — |
| GREGORY E PENN | VICE PRESIDENT | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Carol M Penn Family Foundation?
Carol M Penn Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELMONT, CA. It holds $323K in total assets as of 2024.
How large is Carol M Penn Family Foundation?
As of 2024, Carol M Penn Family Foundation holds $323K in total assets with $126 in annual revenue. It awarded 10 grants totaling $42K in 2024.
Where does Carol M Penn Family Foundation operate?
Carol M Penn Family Foundation has awarded grants in California, Connecticut, Georgia, Massachusetts, New York, Tennessee.
What size grants does Carol M Penn Family Foundation award?
In 2024, Carol M Penn Family Foundation awarded 10 grants totaling $42K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Carol M Penn Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Carol M Penn Family Foundation reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Carol M Penn Family Foundation's EIN?
Carol M Penn Family Foundation's EIN (Employer Identification Number) is 81-4275465. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Carol M Penn Family Foundation'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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