Found Penny Foundation
Found Penny Foundation is a private foundation, 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.
Found Penny Foundation at a glance
In short: Found Penny Foundation gave $37K across 1 grant in 2024 (avg $37K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $36,958
- -97.5% vs 2023
- Grants made (2024)
- 1
- -66.7% vs 2023
- Average grant
- $36,958
- -92.4% vs 2023
- Median grant
- $36,958
- Primary geography
- California (100% 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 Found Penny Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Placerita Nature Center Association ($37K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $250–500K range: 2 grants of 7 (29%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $37K (2024) to $1.4M (2023). In 2024 it made 1 grant totaling $37K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Placerita Nature Center Association Newhall, CA | Undesignated | $36,958 |
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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 | — | $3,168 | $39,109 | $36,958 | 1 | $36,958 | $1,839 | — |
| 2023 | $35,941 | $48,997 | $1,451,444 | $1,450,000 | 3 | $1,450,000 | $47,578 | $54,940 |
| 2022 | $1,438,388 | $49,989 | $601,457 | $600,000 | 1 | $600,000 | $6,103 | $82,033 |
| 2021 | $1,989,856 | $48,619 | $251,579 | $250,000 | 1 | — | $227 | $107,324 |
| 2019 | $2,739,588 | $429,632 | $82,198 | $75,000 | 1 | — | $329,637 | $126,803 |
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.
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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS December 19, 2019)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Found Penny Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Found Penny Foundation's focus areas in our free grants database
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Found Penny Foundation down — hundreds of funders to go?