Penelope 38 Charitable Tr is a private foundation focused on Education, based in Des Moines, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2K in total assets. In 2024, it reported $4K in grants paid as a total on its IRS filing, without an itemized list.
Key facts about Penelope 38 Charitable Tr
In short: Penelope 38 Charitable Tr reported $4K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990-PF.
- EIN
- 42-6575065
- Latest 990 filing
- Form 990-PF, 2024
- Grants paid (2024)
- $4,000 — reported as a total on the IRS filing, without an itemized list
- Total assets
- $1,695
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2K
+1373.9% YoY
Grants Paid (reported total)
$4K
+0.0% YoY
Revenue
$6K
+27.4% YoY
Qualifying Distributions
$4K
+0.0% YoY
Under IRS private-foundation payout rules, Penelope 38 Charitable Tr reported a distributable amount of $64 for 2024 — the minimum it must pay out in qualifying distributions.
How Penelope 38 Charitable Tr gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2K (2020) to $4K (2024). In 2024 it reported $4K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,695 | $115 | $194 |
| Revenue | $5,826 | $4,572 | — |
| Expenses | $4,248 | $4,651 | $3,920 |
| Qualifying Distributions | $4,000 | $4,000 | $3,400 |
| Distributable Amount | $64 | $8 | $17 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 23, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 9, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Penelope 38 Charitable Tr is led by Chrystalla Boyadjis, President on the 2024 filing; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Chrystalla Boyadjis
President
New on the 2024 filing
2 hrs/week
No compensation reported
Diamanto Axiotis
Vice President
On filings since 2020
1 hr/week
No compensation reported
Kathy Breese
Vice President
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: Chrystalla B. Daly (2020–2023) — President
- Former: Julie Hyland (2020–2022) — President
Data from IRS Form 990 filings, 2020–2024. "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 Penelope 38 Charitable Tr
How much does Penelope 38 Charitable Tr give each year?
Penelope 38 Charitable Tr reported $4K in grants paid in 2024 on its 2024 IRS Form 990-PF, as a total without an itemized list of grants. In 2023 it reported $4K in grants paid.
How large is Penelope 38 Charitable Tr?
Penelope 38 Charitable Tr reported $2K in total assets on its 2024 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $64 (roughly 5% of its investment assets).
What is Penelope 38 Charitable Tr?
Penelope 38 Charitable Tr is a private foundation focused on Education, based in Des Moines, IA. It holds $2K in total assets as of 2024.
Where does Penelope 38 Charitable Tr operate?
Penelope 38 Charitable Tr has awarded grants in Iowa.
What is Penelope 38 Charitable Tr's EIN?
Penelope 38 Charitable Tr's EIN (Employer Identification Number) is 42-6575065. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Penelope 38 Charitable Tr by hand.
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