Irene W & Cb Pennington Private
The Irene W and C B Pennington Foundation is a private foundation established in 1982 and based in Baton Rouge, Louisiana. It operates as a 501(c)(3) tax-exempt organization dedicated to enriching community life through philanthropic giving. The foundation was created by Irene W. and C. B. "Doc" Pennington to give back to their community and has since become a significant force in regional and global philanthropy.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.8M
-8.9% YoY
Revenue
$-129,907
-102.2% YoY
Net Investment Income
$317K
-92.6% YoY
Expenses
$259K
-96.7% YoY
Mission & Focus Areas
The foundation's mission centers on improving lives through community outreach. Primary funding areas include:
- Arts
- Health and chronic diseases
- Social and emotional learning
- Accessibility and inclusion for all
The foundation supports nonprofits and agencies providing direct service to people in need, with particular emphasis on disadvantaged youth and the medically underserved. Trustees prefer projects that serve direct benefit to individuals, children, and families.
Grantmaking
The Irene W and C B Pennington Foundation and its successor entity, the Pennington Family Foundation (established in 2023), have awarded over $300 million in gifts and grants across South Louisiana and globally.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Louisiana, with particular emphasis on South Louisiana and the Baton Rouge area. However, the foundation also funds organizations globally.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $21,802,078
- Total Revenues: -$129,907
- Total Expenses: $258,559
- Number of Employees: 0
Historical Data (2023):
- Total Assets: $23.9 million
- Revenue: $5.9 million
- Expenses: $7.85 million
- Total Liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,802,078 | $23,932,437 | $127,803,180 |
| Revenue | $-129,907 | $5,904,652 | $5,040,628 |
| Expenses | $258,559 | $7,847,175 | $8,611,262 |
| Qualifying Distributions | — | $5,544,032 | $5,501,546 |
| Net Investment Income | $317,224 | $4,286,467 | $2,466,777 |
| Distributable Amount | $96,367 | $4,501,570 | $6,353,729 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
200 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
Paula Pennington de la Bretonne established the Pennington Family Foundation in 2023 to continue her grandparents' philanthropic legacy. She is the granddaughter of Irene W. and C. B. Pennington and is married to Dr. Jacques de la Bretonne. She holds a bachelor's degree in science from Southeastern Louisiana University.
Lori J Bertman serves as President and Chief Executive Officer.
William E Hodgkins serves as Chairman.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DARYL B PENNINGTON SR | TRUSTEE | — | — |
| PAULA P DELABRETONNE | TRUSTEE | — | — |
| MARY PENNINGTON | TRUSTEE | — | — |
| SHANNON SMITH | TRUSTEE | — | — |
| SHARON PALMER PENNINGTON | TRUSTEE | — | — |
| CLAUDE PENNINGTON | TRUSTEE | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated active grantmaking in recent years, including:
Support for Louisiana flood recovery efforts with a $100,000 commitment
Irene W. and C.B. Pennington Foundation Commits $100,000 to Support LouisianaA $2 million match gift pledge to Baton Rouge General Foundation
Pennington Foundation Pledges $2 Million Match Gift to Baton Rouge GeneralA grant to support Baton Rouge General's Arts in Medicine Program
Pennington Foundation Pledges $2 Million Match Gift to Baton Rouge GeneralGrants supporting flood rebuild efforts for community organizations
Pennington Foundation grant helps Heritage Ranch flood rebuildThe establishment of the Pennington Family Foundation in 2023 represents a continuation and evolution of the original foundation's philanthropic mission under the leadership of the next generation.
Irene W. and C.B. Pennington Foundation Commits $100,000 to Support LouisianaRelated Funders
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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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