Panasonic Foundation Inc
Panasonic Foundation Inc is a corporate foundation established in 1984 and headquartered at 2 Riverfront Plaza in Newark, New Jersey. The foundation is dedicated to addressing educational inequities in the United States, with a particular focus on underserved communities and STEM education access.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.4M
+5.9% YoY
Annual Giving
$491K
-56.3% YoY
Grant Count
5
-70.6% YoY
Avg Grant Size
$98K
+48.5% YoY
Mission & Focus Areas
The foundation's mission is to partner with public school districts to break the links between race, poverty, and educational outcomes by improving the academic and social success of all students.
The foundation focuses on:
- Supporting under-resourced schools and educators with resources and professional development
- Closing the STEM gender gap and highlighting inspiring female role models in technical fields
- Expanding STEM opportunity through mentorship and exposure, showcasing diverse industry role models
- Encouraging creative problem-solving for groundbreaking solutions in a 21st-century global context
The foundation addresses what it identifies as the "new national debt" of educational inequity, which affects millions of U.S. students, particularly in STEM fields. The foundation works to provide early, equitable access to STEM education and careers.
Grantmaking
The foundation awards grants to nonprofit organizations advancing STEAM education. Recent grant activity includes:
Review Cycle
**: May 18, 2025
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Geographic Focus
Where this funder awards grants
The foundation's geographic focus includes areas where Panasonic Corporation operates. Primary emphasis is given to New Jersey, with particular attention to Newark. The company has operations across numerous states including California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $8.8 million
- Investments: $8.7 million
- Total Annual Revenue: $2.1 million
- Total Annual Giving: $70,000 (as of most recent available data)
The foundation is classified as a Private Grantmaking Foundation (NTEE code T20) and is a 501(c)(3) organization required to file IRS Form 990-PF.
EIN: 22-2548639
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,352,809 | $8,831,155 | $8,948,759 |
| Revenue | $1,470,053 | $2,112,596 | $1,127,779 |
| Expenses | $1,031,248 | $1,658,814 | $1,290,177 |
| Qualifying Distributions | $1,002,172 | $1,614,857 | $1,248,023 |
| Net Investment Income | $714,895 | $1,547,879 | $463,439 |
| Distributable Amount | $441,425 | $424,477 | $484,484 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JESSICA HODKINSON | DIRECTOR, BOARD CHAIR, SECRETARY | 1 | — |
| KENJI SHIMONISHI | TREASURER | 1 | — |
| GORDON KYVIK | ASSISTANT TREASURER | 1 | $15,400 |
| AFIYA M JORDAN | ASSISTANT SECRETARY | 1 | — |
| SCOTT R KIRCHNER | DIRECTOR | 1 | — |
| ALLAN SWAN | DIRECTOR | 1 | — |
| JEFFREY WERNER | DIRECTOR | 1 | — |
| ANDRES A ALONSO | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation marked 40 years of advancing equitable access to STEM education with a celebration event. In January 2024, the Panasonic Foundation, in partnership with the Community Foundation of New Jersey, announced the allocation of four $25,000 Challenge Grants to nonprofit organizations dedicated to advancing STEAM education in Newark. The grants were awarded to support accessible STEAM education programs with the goal of improving education and workforce outcomes for Newark students.
Panasonic Awards Challenge Grant to Nonprofits Advancing STEAM EducationContact Information
- Phone: 201-392-6077
- Website: na.panasonic.com/social-impact/panasonic-foundation
- Address: 2 Riverfront Plaza, Newark, NJ 07102-5451
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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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