Found Penny Foundation
Found Penny Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Canyon Country, CA. IRS filing data is available from 2019 through 2024. In 2024, it awarded 1 grant totaling $37K. Net investment income was $2K.
Key facts about Found Penny Foundation
In short: Found Penny Foundation gave $37K across 1 grant in 2024 (avg $37K), mostly in California. Source: 2024 IRS Form 990-PF.
- EIN
- 35-6734885
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $36,958
- Grants made (2024)
- 1
- Average grant
- $36,958
- Median grant
- $36,958
- Primary geography
- California (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$37K
-97.5% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$37K
-92.4% YoY
How Found Penny Foundation gives
- Giving fell 85% from 2021 to 2024. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| PLACERITA NATURE CENTER ASSOCIATION Newhall, CA | UNDESIGNATED | $36,958 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $35,941 | $1,438,388 |
| Revenue | $3,168 | $48,997 | $49,989 |
| Expenses | $39,109 | $1,451,444 | $601,457 |
| Qualifying Distributions | $36,958 | $1,450,000 | $600,000 |
| Net Investment Income | $1,839 | $47,578 | $6,103 |
| Distributable Amount | — | $54,940 | $82,033 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Officers and directors from IRS filings
Found Penny Foundation is led by Louis A. Garasi, Trustee on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Louis A. Garasi
Trustee
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Rita A. Garasi (2019–2023) — Trustee
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 Found Penny Foundation
How much does Found Penny Foundation give each year?
Found Penny Foundation gave $37K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.4M across 3 grants.
What is Found Penny Foundation?
Found Penny Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Canyon Country, CA. It holds — in total assets as of 2024.
Where does Found Penny Foundation operate?
Found Penny Foundation has awarded grants in California.
What is Found Penny Foundation's EIN?
Found Penny Foundation's EIN (Employer Identification Number) is 35-6734885. 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.
Here's the math on researching Found Penny Foundation by hand.
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