Penn Family Foundation Inc

Private foundation · Grantmaker Colts Neck, NJ EIN: 88-1896650

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.

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.

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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

5states

Share of 2024 grant dollars across all 11 itemized grants.

Cities

FreeholdMemphisNeptunePonte Vedra BeachStaten IslandBirminghamDenvilleEatontownFlemingtonNew BrunswickTampa

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5K$5K$7.5K$10K0 grants2022 5 grants2023 11 grants2024

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

Foundation for Stephanie Nicole Parze: $1KFoundation for StephanieNicole Parze$1KSt Jude Children's Research Hospital: $1KSt Jude Children's ResearchHospital$1KSociety for the Prevention of Teen Suicide (SPTS): $1KSociety for the Prevention ofTeen Suicide (SPTS)$1KSpina Bifida Resource Network: $1KSpina Bifida Resource Network$1KHypertrophic Cardiomyopathy Association (HCMA): $1KHypertrophic CardiomyopathyAssociation (HCMA)$1KFulfill: $500Fulfill$500The Heal Foundation: $500The Heal Foundation$500Tunnel to Towers Foundation: $500Tunnel to Towers Foundation$500Monmouth County SPCA: $500Monmouth County SPCA$500Ronald McDonald House: $500Ronald McDonald House$500

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

16<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 16 grants of 16 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Foundation for Stephanie Nicole Parze Freehold, NJTo Support Organization's Charitable Purpose$1,250
St Jude Children's Research Hospital Memphis, TNTo Support Organization's Charitable Purpose$1,000
Society for the Prevention of Teen Suicide (SPTS) Freehold, NJTo Support Organization's Charitable Purpose$1,000
Spina Bifida Resource Network Flemington, NJTo Support Organization's Charitable Purpose$1,000
Hypertrophic Cardiomyopathy Association (HCMA) Denville, NJTo Support Organization's Charitable Purpose$1,000
Fulfill Neptune, NJTo Support Organization's Charitable Purpose$500
The Heal Foundation Ponte Vedra Beach, FLTo Support Organization's Charitable Purpose$500
Tunnel to Towers Foundation Staten Island, NYTo Support Organization's Charitable Purpose$500
Monmouth County SPCA Eatontown, NJTo Support Organization's Charitable Purpose$500
Ronald McDonald House New Brunswick, NJTo 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
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2022 2023 2024
Metric202420232022
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

  1. 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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