Penn Family Foundation Inc
Penn Family Foundation Inc is a private foundation based in Colts Neck, New Jersey. Its 2024 filing reports 11 grants totaling $8,250 to charitable organizations.
Penn Family Foundation Inc at a glance
In short: Penn Family Foundation Inc gave $8K across 11 grants in 2024 (avg $750), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $8,250
- +135.7% vs 2023
- Grants made (2024)
- 11
- +120.0% vs 2023
- Average grant
- $750
- +7.1% vs 2023
- Median grant
- $500
- Total assets
- $98,794
- +26.8% vs 2023
- Primary geography
- New Jersey (70% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Penn Family Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations.
- Contact
Mailing address: 4 Secretariat Dr, Colts Neck, NJ 07722
Phone: (732) 906-9277
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Penn Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Foundation for Stephanie Nicole Parze ($1K). Together the top 10 received $8K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
The 2024 grants went to recipients in New Jersey (70% of grant dollars), Tennessee (12%), Florida (12%), and New York (6%).
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
Cities
How Penn Family Foundation Inc gives
- 36% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $4K (2023) to $8K (2024). In 2024 it made 11 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Foundation for Stephanie Nicole Parze Freehold, NJ | To Support Organization's Charitable Purpose | $1,250 |
| St Jude Children's Research Hospital Memphis, TN | To Support Organization's Charitable Purpose | $1,000 |
| Society for the Prevention of Teen Suicide (SPTS) Freehold, NJ | To Support Organization's Charitable Purpose | $1,000 |
| Spina Bifida Resource Network Flemington, NJ | To Support Organization's Charitable Purpose | $1,000 |
| Hypertrophic Cardiomyopathy Association (HCMA) Denville, NJ | To Support Organization's Charitable Purpose | $1,000 |
| Fulfill Neptune, NJ | To Support Organization's Charitable Purpose | $500 |
| The Heal Foundation Ponte Vedra Beach, FL | To Support Organization's Charitable Purpose | $500 |
| Tunnel to Towers Foundation Staten Island, NY | To Support Organization's Charitable Purpose | $500 |
| Monmouth County SPCA Eatontown, NJ | To Support Organization's Charitable Purpose | $500 |
| Ronald McDonald House New Brunswick, NJ | To Support Organization's Charitable Purpose | $500 |
Ready to take the next step with Penn Family Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $98,794 | $28,770 | $8,375 | $8,250 | 11 | $8,250 | $3,770 | $129 |
| 2023 | $77,899 | $26,116 | $3,600 | $3,500 | 5 | $3,500 | $1,116 | $2,872 |
| 2022 | $55,383 | $58,505 | $3,122 | — | — | $3,119 | $386 | $1,915 |
Under IRS private-foundation payout rules, Penn Family Foundation Inc reported a distributable amount of $129 for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included organizations working in areas such as pediatric disease research and treatment, autism services, animal care, suicide prevention, and support for people with spina bifida and hypertrophic cardiomyopathy. These are grantees’ activities, not stated areas of focus for the foundation. St. Jude Children’s Research Hospital describes its mission as advancing cures and prevention for pediatric catastrophic diseases through research and treatment. The Heal Foundation describes its mission as inspiring, educating, and funding services for people affected by autism in its community. Monmouth County SPCA describes providing animal shelter and care, humane law enforcement, community information about animal care, and veterinary services.
Grantmaking
In 2024, the foundation gave 11 grants totaling $8,250. Grants ranged from $500 to $1,250, with a median grant of $500.
Notable 2024 grants included $1,250 to the Foundation for Stephanie Nicole Parze; $1,000 each to St. Jude Children’s Research Hospital, Society for the Prevention of Teen Suicide, Spina Bifida Resource Network, and Hypertrophic Cardiomyopathy Association; and $500 each to The Heal Foundation, Tunnel to Towers Foundation, Monmouth County SPCA, Ronald McDonald House, Fulfill, and Shriners.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists James B Penn, Gina Penn, and Joshua Penn as managers.
Penn Family Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gina Penn
Manager
On filings since 2022
5 hrs/week
No compensation reported
James B. Penn
Manager
On filings since 2022
5 hrs/week
No compensation reported
Joshua Penn
Manager
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "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 Penn Family Foundation Inc
How much does Penn Family Foundation Inc give each year?
Penn Family Foundation Inc gave $8K across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 5 grants.
What is Penn Family Foundation Inc's typical grant size?
Penn Family Foundation Inc's median grant in 2024 was $500, and its average grant was $750, across 11 grants on its 2024 IRS Form 990-PF.
Where does Penn Family Foundation Inc give grants?
Penn Family Foundation Inc gives mostly in New Jersey: 70% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Tennessee (12%) and Florida (12%). The most frequent recipient cities were Freehold, NJ (2 grants).
Who are Penn Family Foundation Inc's largest grantees?
Penn Family Foundation Inc's largest 2024 grantees include Foundation for Stephanie Nicole Parze ($1,250), St Jude Children's Research Hospital ($1,000) and Society for the Prevention of Teen Suicide (SPTS) ($1,000), according to its 2024 IRS Form 990-PF. Together they received 39% of its itemized 2024 grant dollars.
How large is Penn Family Foundation Inc?
Penn Family Foundation Inc reported $99K in total assets on its 2024 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $129 (roughly 5% of its investment assets).
What does Penn Family Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants included organizations working in areas such as pediatric disease research and treatment, autism services, animal care, suicide prevention, and support for people with spina bifida and hypertrophic cardiomyopathy. See mission & focus areas ↑
How do I apply for a grant from Penn Family Foundation Inc?
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Penn Family Foundation Inc's EIN?
Penn Family Foundation Inc's EIN (Employer Identification Number) is 88-1896650. IRS Form 990 filing data is available on this page for 2022–2024.
Does Penn Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Live grants for the work Penn Family Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Penn Family Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Sol & Margaret Berger Foundation
New York, NY
The Sol & Margaret Berger Foundation supports organizations working in health, education, arts, and community services, with most 2025 grant dollars going to New York recipients and others to organizations in several states. Its 2025 grants ranged from $100 to $200,000, with a median of $2,500; it stated in a 2023 filing that it gives only to preselected organizations and does not accept unsolicited requests.
Assets
$11.0M
Grants
111
Total Given
$1.1M
Mutual of America Foundation
New York, NY
Assets
$136K
Grants
539
Total Given
$839K
Saibel Foundation Inc
Red Bank, NJ
The foundation supports charities working in health care, medical research, community services, veterans’ services, and reproductive health, with the largest share of its 2025 giving going to organizations in New Jersey, New York, and Massachusetts. Its 97 grants ranged from $100 to $10,000, with a median of $1,000. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$1.4M
Grants
97
Total Given
$169K
C & R Newman Family Foundation
Encino, CA
The foundation funds organizations working in health, education, arts, youth programs, and human services, primarily in California. Its 2025 grants ranged from $500 to $1,061,000, with a median of $10,000. It gives only to preselected charities and does not accept unsolicited requests.
Assets
$4.3M
Grants
33
Total Given
$1.6M
Miramar Charitable Foundation
Ft Mitchell, KY
Miramar Charitable Foundation funds preselected charitable organizations across areas including arts, survivor support, education, science, and journalism, with grants to recipients in multiple states; in 2024, the largest shares went to Colorado, North Carolina, California, New York, and Florida. Its 2024 grants ranged from $250 to $1 million, with a median of $2,000. It does not accept unsolicited requests.
Assets
$32.5M
Grants
188
Total Given
$4.5M
Christian V and Lisa D Young
Scottsdale, AZ
The foundation supports organizations working in conservation, wildlife protection, humanitarian response, and community services, with 2024 grants ranging from $500 to $60,543 and a median of $11,000. It is based in Scottsdale, Arizona, and its 2024 grants went mostly to organizations in Washington, D.C., California, Virginia, Arizona, and Utah. It does not accept unsolicited requests and gives only to preselected charitable organizations.
Assets
$7.3M
Grants
37
Total Given
$590K
More similar funders
More Funders in New Jersey
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Penn Family Foundation Inc'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.
Penn Family Foundation Inc down — hundreds of funders to go?