Pennies from Heaven Foundation Inc
Pennies from Heaven Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Brooks, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.8M in total assets. In 2024, it awarded 13 grants totaling $414K. Net investment income was $662K.
Key facts about Pennies from Heaven Foundation Inc
- EIN
- 58-2419565
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $414,000
- Grants made (2024)
- 13
- Average grant
- $31,846
- Median grant
- $30,000
- New grantees (estimate)
- 8% first-time grantees (1 of 13, 2024)
- Total assets
- $8,765,650
- Primary geography
- Georgia (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Pennies from Heaven Foundation Inc funds
By grant dollars, the top recipient states for Pennies from Heaven Foundation Inc's 13 itemized 2024 grants were Georgia (100%). The most frequent recipient cities were Atlanta, GA (3 grants) and Newnan, GA (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Pennies from Heaven Foundation Inc open to new grantees?
8%
first-time grantees, 2024
In 2024, 1 of 13 grantees (8%) were first-time recipients. First grants averaged $20K; repeat grants $33K. How we count
Medians: $20K first-time, $35K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Pennies from Heaven Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.8M
+7.9% YoY
Annual Giving
$414K
+2.7% YoY
Grant Count
13
+8.3% YoY
Avg Grant Size
$32K
-5.2% YoY
About Pennies from Heaven Foundation Inc
Based on IRS filings
Pennies from Heaven Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Brooks, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.8M in total assets. In 2024, it awarded 13 grants totaling $414K. Net investment income was $662K.
Focus Areas
Ready to take the next step with Pennies from Heaven Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,765,650 | $8,121,294 | $8,406,826 |
| Revenue | $1,061,520 | $121,208 | $-519,304 |
| Expenses | $417,164 | $406,740 | $561,036 |
| Qualifying Distributions | $414,000 | $403,000 | $482,000 |
| Net Investment Income | $661,911 | $190,521 | $137,881 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Southwest Christian Care ($50,000), Coweta Force ($50,000), Sobriety Resouce Inc ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SOUTHWEST CHRISTIAN CARE Union City, GA | GENERAL OPERATIONS | $50,000 |
| COWETA FORCE Newnan, GA | GENERAL OPERATIONS | $50,000 |
| SOBRIETY RESOUCE INC Marietta, GA | GENERAL OPERTATIONS | $50,000 |
| RESTORATION ATLANTA Atlanta, GA | GENERAL OPERATIONS | $50,000 |
| ATLANTA MISSION Atlanta, GA | GENERAL OPERATIONS | $50,000 |
| BELOVED ATLANTA Atlanta, GA | GENERAL OPERATIONS | $40,000 |
| CHOOSING HIM MINISTRIES Newnan, GA | GENERAL OPERATIONS | $30,000 |
| NEW VENTURES CALUMET Lagrange, GA | GENERAL | $20,000 |
| THE JOSEPH SAMS SCHOOL Fayetteville, GA | GENERAL OPERTATIONS | $15,000 |
| COMFORT CARE MINISTRIES Buchanan, GA | GENERAL OPERTATIONS | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Randolph McClain | Chairman | — | — |
| Carol McClain | Treasurer | — | — |
| Charles B Pyke Jr | Secretary | — | — |
| Matthew S McLain | Director | — | — |
| Christina McClain Miller | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Pennies from Heaven Foundation Inc?
Pennies from Heaven Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Brooks, GA. It holds $8.8M in total assets as of 2024.
How large is Pennies from Heaven Foundation Inc?
As of 2024, Pennies from Heaven Foundation Inc holds $8.8M in total assets with $1.1M in annual revenue. It awarded 13 grants totaling $414K in 2024.
Where does Pennies from Heaven Foundation Inc operate?
Pennies from Heaven Foundation Inc has awarded grants in Georgia.
What size grants does Pennies from Heaven Foundation Inc award?
In 2024, Pennies from Heaven Foundation Inc awarded 13 grants totaling $414K — an average of about $32K per grant, based on its IRS Form 990 filings.
What is Pennies from Heaven Foundation Inc's EIN?
Pennies from Heaven Foundation Inc's EIN (Employer Identification Number) is 58-2419565. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.