Isidore C and Penny W Myers Foundation
Isidore C and Penny W Myers Foundation is a private foundation, based in Newport Beach, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $43.9M in total assets. In 2025, it awarded 1 grant totaling $2.5M. Net investment income was $2.7M.
Isidore C and Penny W Myers Foundation at a glance
In short: Isidore C and Penny W Myers Foundation gave $2.5M across 1 grant in 2025 (avg $2.5M), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,550,000
- +7.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $2,550,000
- +7.4% vs 2024
- Median grant
- $2,550,000
- Total assets
- $43,882,307
- +0.3% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Isidore C and Penny W Myers Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Jewish Community Foundation of OC ($2.5M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Isidore C and Penny W Myers Foundation gives
- Giving held roughly steady from 2022 to 2025 (+17%). Method
- In 2025 it paid out 121% of 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 2020 to 2025, annual grant giving ranged from $1.9M (2020) to $2.5M (2025). In 2025 it made 1 grant totaling $2.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jewish Community Foundation of OC Irvine, CA | To Further Donee Organization's exempt purpose | $2,550,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $43,882,307 | $2,749,960 | $2,616,586 | $2,550,000 | 1 | $2,564,161 | $2,735,799 | $2,120,016 |
| 2024 | $43,747,586 | $2,497,644 | $2,416,462 | $2,375,000 | 1 | $2,378,295 | $2,494,348 | $2,123,872 |
| 2023 | $43,651,524 | $2,537,835 | $2,155,199 | $2,105,000 | 1 | $2,119,931 | $2,522,904 | $2,105,638 |
| 2022 | $43,233,820 | $1,739,445 | $2,214,064 | $2,175,000 | 1 | $2,182,394 | $1,732,051 | $2,142,831 |
| 2021 | $43,708,439 | $1,292,222 | $2,001,281 | $1,975,038 | 1 | $1,978,824 | $1,288,438 | $2,133,061 |
| 2020 | $44,417,498 | $1,557,941 | $1,955,118 | $1,900,000 | 1 | — | $1,555,572 | $2,204,132 |
Under IRS private-foundation payout rules, Isidore C and Penny W Myers Foundation reported a distributable amount of $2.1M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Isidore C and Penny W Myers Foundation is led by Jay E Myers, Chairman since 2022 (on filings since 2020); none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jay E Myers
Chairman
Director → Chairman, 2022
On filings since 2020
10 hrs/week
No compensation reported
David Zarnow
Trustee
Director → Trustee, 2022
On filings since 2020
5 hrs/week
No compensation reported
Gideon Bernstein
Trustee
Director → Trustee, 2022
On filings since 2020
1 hr/week
No compensation reported
Joseph Erickson
Administrator Trustee
Director → Administrator Trustee, 2022
On filings since 2020
2 hrs/week
No compensation reported
Nancy Chase
Trustee
Director → Trustee, 2022
On filings since 2020
1 hr/week
No compensation reported
Dan Bernstein
Trustee
On filings since 2022
1 hr/week
No compensation reported
Derek Gaushon
Trustee
On filings since 2022
1 hr/week
No compensation reported
Lisa Hofheimer
Trustee
On filings since 2022
1 hr/week
No compensation reported
Madeleine Myers Crane
Trustee
On filings since 2022
1 hr/week
No compensation reported
Former officers (3)
- Former: Arnold Raymon (2020–2021) — Director
- Former: Cynthia L Rogers (2020–2021) — Director
- Former: Lauren Gavshon Brand (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 Isidore C and Penny W Myers Foundation
How much does Isidore C and Penny W Myers Foundation give each year?
Isidore C and Penny W Myers Foundation gave $2.5M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.4M across 1 grant.
How large is Isidore C and Penny W Myers Foundation?
Isidore C and Penny W Myers Foundation reported $43.9M in total assets on its 2025 IRS Form 990-PF. It paid out $2.6M in qualifying distributions that year, against a required minimum of $2.1M (roughly 5% of its investment assets).
Where does Isidore C and Penny W Myers Foundation operate?
Isidore C and Penny W Myers Foundation has awarded grants in California.
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 2020–2025.
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
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Isidore C and Penny W Myers Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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