Harold and Penny B Blumenstein
The Harold and Penny B Blumenstein Foundation is a private charitable foundation established in 1986 and based in Bingham Farms, Michigan. The foundation operates as a 501(c)(3) organization and has been tax-exempt since March 1987.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.3M
+4.1% YoY
Annual Giving
$1.9M
-11.9% YoY
Grant Count
84
-2.3% YoY
Avg Grant Size
$23K
-9.8% YoY
Mission & Focus Areas
The foundation's giving priorities include:
- Jewish agencies and federated giving programs
- Educational institutions
- The arts, including orchestral support
- Human services
- Philanthropy and voluntarism
The foundation has demonstrated particular commitment to supporting educational initiatives and community development in Michigan.
Grantmaking
Grant Range
s:** Typical awards range from $25 to $391,020.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Michigan, Florida, and New York, with a particular emphasis on the Detroit area and Wayne State University's midtown Detroit campus.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $8,338,638 (as of most recent filing)
Total Giving: $1,933,660
Revenue: $1.56M (2023)
Expenses: $2.25M (2023)
Total Assets: $8.01M (2023)
Total Liabilities: $1.13M (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,338,638 | $8,008,346 | $6,787,343 |
| Revenue | $282,653 | $1,555,245 | $628,037 |
| Expenses | $2,012,608 | $2,252,049 | $2,077,247 |
| Qualifying Distributions | $1,934,635 | $2,197,809 | $2,017,014 |
| Net Investment Income | $2,264,766 | $991,684 | $782,342 |
| Distributable Amount | $556,721 | $497,763 | $527,291 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Harold Blumenstein founded the foundation with his wife, Penny. Harold is a graduate of Wayne State University and has demonstrated ongoing commitment to supporting the university and the midtown Detroit community.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HAROLD BLUMENSTEIN | PRESIDENT | — | — |
| PENNY B BLUMENSTEIN | VICE PRESIDENT & SECRETARY | — | — |
| RICHARD C BLUMENSTEIN | VICE PRESIDENT | — | — |
| LAUREN A COHEN | VICE PRESIDENT | — | — |
| RANDALL S BLUMENSTEIN | TREASURER | — | — |
Contact Information
Address: 32400 Telegraph Road, Suite 202, Bingham Farms, MI 48025
Telephone: 248-646-9600
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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