Penn Community Bank Foundation
Penn Community Bank Foundation is a company-sponsored foundation established in 1998 and based in Perkasie, Pennsylvania. The foundation is the charitable arm of Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania. As a 501(c)(3) organization designated for philanthropic and grantmaking purposes, the foundation is committed to making contributions to the communities it serves through sustaining annual donations and innovative, impactful grants to nonprofit community organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.1M
+15.2% YoY
Annual Giving
$883K
-6.6% YoY
Grant Count
126
+15.6% YoY
Avg Grant Size
$7K
-19.2% YoY
Under IRS private-foundation payout rules, Penn Community Bank Foundation reported a distributable amount of $380K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The charitable giving mission of Penn Community Bank Foundation is to make an unparalleled contribution to the communities it serves through both sustaining annual donations and innovative, impactful grants to key nonprofit community organizations. The foundation partners with nonprofits that share its commitment to helping build strong and resilient communities and promoting local economic development.
The foundation's giving strategy focuses on four primary categories:
Community Enrichment — Creating safe, healthy, and thriving communities by supporting efforts such as increased access to health and wellness services, local beautification, culture and arts.
Local Business Growth — Contributing to the strength of the local economy by promoting sustainable practices, supporting area business communities, and encouraging entrepreneurship and job creation.
Economic Self-Sufficiency and Opportunity — Improving economic inclusion, access to food, affordable housing, and living-wage work for the unemployed and underemployed. The foundation also supports financial education and empowerment initiatives.
Disaster Recovery and Emergency Services — Supporting emergency response and recovery efforts.
The foundation also supports museums, hospitals, fire departments, and organizations involved with mental health, housing development, youth development, and human services.
Grantmaking
Based on the most recent financial data, the foundation distributed $882,890 in total giving. Typical grant awards range from $50 to $104,293.
Grant Range
s and Activity**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Pennsylvania, with a focus on Philadelphia, Bucks, Montgomery, Lehigh, and Northampton counties. The foundation also has some giving activity in Virginia and Texas.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue
As of the 2024 fiscal year:
- Total Assets: $8,084,934
- Revenue: $1,969,594
- Total Expenses: $904,413
- Total Liabilities: $0
The foundation has been tax-exempt since July 1999.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,084,934 | $7,019,753 | $6,222,660 |
| Revenue | $1,969,594 | $1,764,330 | $1,848,001 |
| Expenses | $904,413 | $967,237 | $1,086,085 |
| Qualifying Distributions | $882,890 | $945,118 | $1,055,847 |
| Net Investment Income | $1,054,144 | $211,082 | $203,801 |
| Distributable Amount | $380,083 | $341,034 | $307,824 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way Bucks County ($75,000), Bucks County Opportunity Council ($43,000), Family Services Association ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A Woman's Place Doylestown, PA | Grant | $5,000 |
| Bucks County Community College Newtown, PA | Annual Operating Fund | $23,600 |
| Bucks County Opportunity Council Doylestown, PA | Day of Service | $43,000 |
| Dublin Fire Company Dublin, PA | Contribution | $5,000 |
| Keystone Opportunity Council Souderton, PA | Grant | $11,000 |
| Lutheran Home at Telford Telford, PA | ANNUAL OPERATING FUND | $5,000 |
| Perkasie Fire Company Perkasie, PA | Annual Operating Funds | $5,000 |
| Richlandtown Fire Company No 1 Richlandtown, PA | Annual operating funds | $2,500 |
| YWCA FeastervilleTrevose, PA | Grant | $2,000 |
| Big Brothers Big Sisters Jamison, PA | ANNUAL OPERATING FUND | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Bernard Tynes serves as Executive Vice President/Chief Consumer Banking Officer of Penn Community Bank. Jeane Vidoni serves as President & CEO of Penn Community Bank.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM P LARKIN JR | CHAIRMAN OF THE BOARD | — | — |
| STEPHANIE SCHWARTZBERG | GENERAL COUNSEL & SECRETARY | — | — |
| CHARLES FIELD | EVP, CFO | — | — |
| JEANE M Vidoni | PRESIDENT & CEO | — | — |
| Bernard Tynes | EXECUTIVE DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
Penn Community Bank and its foundation have demonstrated consistent community investment activity in 2025. In the first quarter, the foundation invested nearly $200,000 in grants to 32 organizations, coupled with nearly 500 hours of employee volunteerism. By mid-year 2025, this had grown to $535,000 in grants distributed to 177 organizations.
Penn Community Bank and Foundation Invest $200,000 in Local Communities\The foundation's parent company, Penn Community Bank, commits 5% of its net income back to the community. The bank also operates an annual Day of Service involving the entire organization in community service activities and has launched a "Compound Community Interest" thought leadership series as part of its community commitment strategy.
Penn Community Bank and Foundation Invest $200,000 in Local Communities\Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Penn Community Bank Foundation fund?
The charitable giving mission of Penn Community Bank Foundation is to make an unparalleled contribution to the communities it serves through both sustaining annual donations and innovative, impactful grants to key nonprofit community organizations. The foundation partners with nonprofits that share its commitment to helping build strong and resilient communities and promoting local economic development. The foundation's giving strategy focuses on four primary categories: **Community Enrichment*…
How do I apply for a grant from Penn Community Bank Foundation?
**Grant Sizes and Activity** Based on the most recent financial data, the foundation distributed $882,890 in total giving. Typical grant awards range from $50 to $104,293. **Recent Grant Activity** In the first half of 2025 (January-June), Penn Community Bank and its foundation invested $535,000 in grants to 177 nonprofit and community organizations across Philadelphia, Bucks, Montgomery, Lehigh, and Northampton counties. In the first quarter of 2025 (January-March), the foundation invested nea…
Where does Penn Community Bank Foundation make grants?
The foundation primarily funds organizations in Pennsylvania, with a focus on Philadelphia, Bucks, Montgomery, Lehigh, and Northampton counties. The foundation also has some giving activity in Virginia and Texas.
What size grants does Penn Community Bank Foundation award?
In 2024, Penn Community Bank Foundation awarded 126 grants totaling $883K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Penn Community Bank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Penn Community Bank Foundation reported a distributable amount of $380K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Penn Community Bank Foundation's EIN?
Penn Community Bank Foundation's EIN (Employer Identification Number) is 23-2984663. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Penn Community Bank Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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