Carol M Penn Family Foundation
Carol M Penn Family Foundation is a private foundation based in Belmont, California. Its 2025 filing reports 15 grants totaling $42,625, including support for charitable organizations in several states.
Key facts about Carol M Penn Family Foundation
In short: Carol M Penn Family Foundation gave $43K across 15 grants in 2025 (avg $3K), mostly in New York. 29% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 81-4275465
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $42,625
- Grants made (2025)
- 15
- Average grant
- $2,842
- Median grant
- $1,000
- New grantees (estimate)
- 29% first-time grantees (4 of 14, 2025; small sample)
- Total assets
- $276,542
- Primary geography
- New York (79% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$277K
-14.4% YoY
Annual Giving
$43K
+1.5% YoY
Grant Count
15
+50.0% YoY
Avg Grant Size
$3K
-32.3% YoY
Under IRS private-foundation payout rules, Carol M Penn Family Foundation reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Is Carol M Penn Family Foundation open to new grantees?
29%
first-time grantees, 2025
In 2025, 4 of 14 grantees (29%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $2K; repeat grants $3K. How we count
Medians: $2K first-time, $1K repeat.
- 14% of 2025 grantees were also funded in 2024. Method
- Giving grew 54% from 2022 to 2025. Method
- In 2025 it paid out 284% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants include support for organizations whose work spans different areas. RX Art describes its mission as improving pediatric hospital environments by commissioning art for patient rooms and other areas of stress. Lenox Hill Neighborhood House says it serves people who live, work, or go to school on Manhattan’s East Side and works to improve quality of life in its community. Food Bank For New York City describes its mission as empowering New Yorkers to achieve food security, while Habitat for Humanity International says it brings people together to build homes, communities, and hope.
Grantmaking
In 2025, the foundation gave 15 grants totaling $42,625. Grants ranged from $325 to $20,000, with a median grant of $1,000. The largest awards included $20,000 to Memorial Sloan Kettering Cancer Center, $5,000 to Rockefeller University, $3,000 to Bridge to Rwanda (Same Sky Foundation), and $2,500 each to RX Art and Same Sky Foundation at Tides. The listed grants were for general operating support.
Other 2025 recipients included Central Synagogue ($2,300), St. Jude Children’s Research Hospital ($2,000), The Common Good ($1,000 and $500), Lenox Hill Neighborhood House ($1,000), Gary Sinise Foundation ($1,000), and Food Bank For New York City ($500). Habitat for Humanity International also received $500 in 2025.
How to Apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Carol M Penn Family Foundation?
Geographic Focus
Where this funder awards grants
In 2025, 79% of grant dollars went to recipients in New York, 13% to California, 7% to Tennessee, and 1% to Georgia.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $27K (2020) to $43K (2025). In 2025 it made 15 grants totaling $43K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Memorial Sloan Kettering Cancer Center ($20K). Together the top 10 received $41K.
Grant Size Distribution
49 grants across all recorded years
The most common grant size was under $50K: 49 grants of 49 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Memorial Sloan Kettering Cancer Center New York, NY | For General Operating Support | $20,000 |
| Rockefeller University New York, NY | For General Operating Support | $5,000 |
| Bridge to Rwanda (Same Sky Foundation) San Francisco, CA | For General Operating Support | $3,000 |
| RX Art New York, NY | For General Operating Support | $2,500 |
| Same Sky Foundation at Tides San Francisco, CA | For General Operating Support | $2,500 |
| Central Synagogue New York, NY | For General Operating Support | $2,300 |
| STJUDE Childrens'research Hospital Memphis, TN | For General Operating Support | $2,000 |
| The Common Good New York, NY | For General Operating Support | $1,000 |
| Lenox Hill Neighborhood House New York, NY | For General Operating Support | $1,000 |
| Gary Sinise Foundation Nashville, TN | For General Operating Support | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $276,542 | $115 | $46,518 | $42,625 (15 grants) |
| 2024 | $322,947 | $126 | $45,855 | $42,000 (10 grants) |
| 2023 | $368,678 | $145 | $33,490 | $29,784 (11 grants) |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $276,542 | $322,947 | $368,678 |
| Revenue | $115 | $126 | $145 |
| Expenses | $46,518 | $45,855 | $33,490 |
| Qualifying Distributions | $42,625 | $42,000 | $29,784 |
| Net Investment Income | $115 | $126 | $145 |
| Distributable Amount | $15,005 | $16,428 | $19,307 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 23, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Carol M Penn as president and director; Laurence E Penn as vice president and director; Jonathan A Penn as secretary, treasurer, & VI; Valerie A Penn as vice president; and Gregory E Penn as vice president.
Carol M Penn Family Foundation is led by Carol M. Penn, President & Director on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Carol M. Penn
President & Director
On filings since 2020
0.5 hrs/week
No compensation reported
Laurence E. Penn
Vice President & Director
On filings since 2020
0.5 hrs/week
No compensation reported
Gregory E. Penn
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Jonathan A. Penn
Secretary & Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Valerie A. Penn
Vice President
On filings since 2020
0.5 hrs/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.
Contact
Mailing address: 1010 Notre Dame Avenue, Belmont, CA 94002
Phone: (650) 544-7270
Frequently asked questions about Carol M Penn Family Foundation
How much does Carol M Penn Family Foundation give each year?
Carol M Penn Family Foundation gave $43K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $42K across 10 grants.
What is Carol M Penn Family Foundation's typical grant size?
Carol M Penn Family Foundation's median grant in 2025 was $1,000, and its average grant was $2,842, across 15 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Carol M Penn Family Foundation that year got $2K on average.
Where does Carol M Penn Family Foundation give grants?
Carol M Penn Family Foundation gives mostly in New York: 79% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were California (13%) and Tennessee (7%). The most frequent recipient cities were New York, NY (8 grants) and San Francisco, CA (2 grants).
Does Carol M Penn Family Foundation give general operating support?
Yes: 100% of Carol M Penn Family Foundation's 2025 grants with a stated purpose (15 of 15) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Carol M Penn Family Foundation's largest grantees?
Carol M Penn Family Foundation's largest 2025 grantees include Memorial Sloan Kettering Cancer Center ($20,000), Rockefeller University ($5,000) and Bridge to Rwanda (Same Sky Foundation) ($3,000), according to its 2025 IRS Form 990-PF. Together they received 66% of its itemized 2025 grant dollars.
How large is Carol M Penn Family Foundation?
Carol M Penn Family Foundation reported $277K in total assets on its 2025 IRS Form 990-PF. It paid out $43K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What does Carol M Penn Family Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants include support for organizations whose work spans different areas. RX Art describes its mission as improving pediatric hospital environments by commissioning art for patient rooms and other areas of stress. See mission & focus areas ↑
How do I apply for a grant from Carol M Penn Family Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does Carol M Penn Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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