Penn Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLTS NECK, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $99K in total assets. In 2024, it awarded 11 grants totaling $8K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$99K
+26.8% YoY
Annual Giving
$8K
+135.7% YoY
Grant Count
11
+120.0% YoY
Avg Grant Size
$750
+7.1% YoY
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.
About Penn Family Foundation Inc
Based on IRS filings
Penn Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLTS NECK, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $99K in total assets. In 2024, it awarded 11 grants totaling $8K. Net investment income was $4K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $98,794 | $77,899 | $55,383 |
| Revenue | $28,770 | $26,116 | $58,505 |
| Expenses | $8,375 | $3,600 | $3,122 |
| Qualifying Distributions | $8,250 | $3,500 | $3,119 |
| Net Investment Income | $3,770 | $1,116 | $386 |
| Distributable Amount | $129 | $2,872 | $1,915 |
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
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Foundation for Stephanie Nicole Parze ($1,250), St Jude Children's Research Hospital ($1,000), Society for the Prevention of Teen Suicide (spts) ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FULFILL NEPTUNE, NJ | TO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $500 |
| 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 |
| 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 |
| SHRINERS TAMPA, FL | TO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $500 |
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES B PENN | MANAGER | 5 | — |
| GINA PENN | MANAGER | 5 | — |
| JOSHUA PENN | MANAGER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Penn Family Foundation Inc?
Penn Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLTS NECK, NJ. It holds $99K in total assets as of 2024.
How large is Penn Family Foundation Inc?
As of 2024, Penn Family Foundation Inc holds $99K in total assets with $29K in annual revenue. It awarded 11 grants totaling $8K in 2024.
Where does Penn Family Foundation Inc operate?
Penn Family Foundation Inc has awarded grants in Alabama, Florida, New Jersey, New York, Tennessee.
What size grants does Penn Family Foundation Inc award?
In 2024, Penn Family Foundation Inc awarded 11 grants totaling $8K — an average of about $750 per grant, based on its IRS Form 990 filings.
How much is Penn Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Penn Family Foundation Inc reported a distributable amount of $129 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Penn Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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