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.
Key facts about Penn Family Foundation Inc
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.
- EIN
- 88-1896650
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $8,250
- Grants made (2024)
- 11
- Average grant
- $750
- Median grant
- $500
- Total assets
- $98,794
- Primary geography
- New Jersey (70% of itemized 2024 grant dollars)
- 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. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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.
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.
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.
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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
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $98,794 | $28,770 | $8,375 | $8,250 (11 grants) |
| 2023 | $77,899 | $26,116 | $3,600 | $3,500 (5 grants) |
| 2022 | $55,383 | $58,505 | $3,122 | 0 grants |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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.
Contact
Mailing address: 4 Secretariat Dr, Colts Neck, NJ 07722
Phone: (732) 906-9277
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 September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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