Isidore C and Penny W Myers Foundation
Isidore C and Penny W Myers Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $43.7M in total assets. In 2024, it awarded 1 grants totaling $2.4M. Net investment income was $2.5M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$43.7M
+0.2% YoY
Annual Giving
$2.4M
+12.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.4M
+12.8% YoY
Under IRS private-foundation payout rules, Isidore C and Penny W Myers Foundation reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.
About Isidore C and Penny W Myers Foundation
Based on IRS filings
Isidore C and Penny W Myers Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $43.7M in total assets. In 2024, it awarded 1 grants totaling $2.4M. Net investment income was $2.5M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $43,747,586 | $43,651,524 | $43,233,820 |
| Revenue | $2,497,644 | $2,537,835 | $1,739,445 |
| Expenses | $2,416,462 | $2,155,199 | $2,214,064 |
| Qualifying Distributions | $2,378,295 | $2,119,931 | $2,182,394 |
| Net Investment Income | $2,494,348 | $2,522,904 | $1,732,051 |
| Distributable Amount | $2,123,872 | $2,105,638 | $2,142,831 |
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
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jewish Community Foundation of OC ($2,375,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Jewish Community Foundation of OC Irvine, CA | To Further Donee Organization's exempt purpose | $2,375,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Joseph Erickson | Admin. Trustee | 2 | — |
| Madeleine Myers Crane | Trustee | 1 | — |
| Jay E Myers | Chairman | 10 | — |
| Gideon Bernstein | Trustee | 1 | — |
| Nancy Chase | Trustee | 1 | — |
| Lisa Hofheimer | Trustee | 1 | — |
| David Zarnow | Trustee | 5 | — |
| Dan Bernstein | Trustee | 1 | — |
| Derek Gaushon | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Isidore C and Penny W Myers Foundation?
Isidore C and Penny W Myers Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. It holds $43.7M in total assets as of 2024.
How large is Isidore C and Penny W Myers Foundation?
As of 2024, Isidore C and Penny W Myers Foundation holds $43.7M in total assets with $2.5M in annual revenue. It awarded 1 grants totaling $2.4M in 2024.
Where does Isidore C and Penny W Myers Foundation operate?
Isidore C and Penny W Myers Foundation has awarded grants in California.
What size grants does Isidore C and Penny W Myers Foundation award?
In 2024, Isidore C and Penny W Myers Foundation awarded 1 grants totaling $2.4M — an average of about $2.4M per grant, based on its IRS Form 990 filings.
How much is Isidore C and Penny W Myers Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Isidore C and Penny W Myers Foundation reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Isidore C and Penny W Myers Foundation's EIN?
Isidore C and Penny W Myers Foundation's EIN (Employer Identification Number) is 58-6440956. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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