Penniman Family Foundation

Private foundation · Grantmaker Naples, FL EIN: 43-6810150

The Penniman Family Foundation is a private foundation based in Naples, Florida. Its 2024 filing lists restrictions on awards for medical research, education, and environmental preservation and enhancement.

Penniman Family Foundation at a glance

In short: Penniman Family Foundation gave $147K across 35 grants in 2024 (avg $4K), mostly in Florida. 26% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$146,950
-6.7% vs 2023
Grants made (2024)
35
-14.6% vs 2023
Average grant
$4,199
+9.3% vs 2023
Median grant
$1,600
Total assets
$298,497
-7.9% vs 2023
New grantees (estimate)
26% first-time grantees (9 of 35, 2024)
Primary geography
Florida (69% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).

How to apply to Penniman Family Foundation

How to Apply

The foundation states that it does not restrict giving to preselected organizations. Requests should be made in writing to foundation manager Nicholas G. Penniman IV. The filing lists medical research, education, and environmental preservation and enhancement as restrictions on awards.

Contact

Application contact: Nicholas G Penniman Iv
Mailing address: 160 Moorings Park Drive J205, Naples, FL 34105
Phone: (239) 262-7292

Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who Penniman Family Foundation funds

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Florida Center for Government Accountability: $45KFlorida Center for GovernmentAccountability$45KSt Lawrence University: $14KSt Lawrence University$14KFlorida Gulf Coast University: $11KFlorida Gulf Coast University$11KNaples Art Association: $10KNaples Art Association$10KGulfshore Playhouse: $8KGulfshore Playhouse$8KNaples Community Hospital: $8KNaples Community Hospital$8KGeorgetown Day School: $5KGeorgetown Day School$5KMissouri Botanical Garden: $5KMissouri Botanical Garden$5KNaples Botanical Garden Inc: $5KNaples Botanical Garden Inc$5KMoorings Park Foundation: $3KMoorings Park Foundation$3K

The largest 2024 recipient was Florida Center for Government Accountability ($45K). Together the top 10 received $113K.

Grant Size Distribution

217 grants across all recorded years

215<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 215 grants of 217 (99%).

Geographic Focus

Where this funder awards grants

In 2024, 69% of grant dollars went to recipients in Florida. The remaining distribution was 10% each to Missouri and New York, 6% to Washington, DC, and 5% to Maryland.

Grant Distribution by State

14states

Share of 2024 grant dollars across all 35 itemized grants.

Cities

NaplesWashingtonSt. LouisBaltimoreFort MyersColumbiaSarasotaBethesdaCantonEdgewaterOaklandPalmetto BayStuartArlingtonGambierStevensonTallahasseeYonkersClaytonFort Lauderdale

Is Penniman Family Foundation open to new grantees?

26%

first-time grantees, 2024

In 2024, 9 of 35 grantees (26%) were first-time recipients. First grants averaged $3K; repeat grants $5K. How we count

Medians: $1K first-time, $2K repeat.

  • 69% of 2024 grantees were also funded in 2023. Method
  • Giving fell 26% from 2021 to 2024. Method
  • In 2024 it paid out 335% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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

$0$50K$100K$150K$200K46 grants2020 46 grants2021 49 grants2022 41 grants2023 35 grants2024

From 2020 to 2024, annual grant giving ranged from $103K (2020) to $198K (2021). In 2024 it made 35 grants totaling $147K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Florida Center for Government Accountability Sarasota, FLCharitable$45,000
St Lawrence University Canton, NYCharitable$14,000
Florida Gulf Coast University Fort Myers, FLCharitable$10,500
Naples Art Association Naples, FLCharitable$10,000
Gulfshore Playhouse Naples, FLCharitable$8,000
Naples Community Hospital Naples, FLCharitable$7,500
Georgetown Day School Washington, DCCharitable$5,000
Missouri Botanical Garden St. Louis, MOCharitable$5,000
Naples Botanical Garden Inc Naples, FLCharitable$5,000
Moorings Park Foundation Naples, FLCharitable$3,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$298,497$125,584$151,150$146,95035$147,948$124,382$44,213
2023$324,063$92,265$167,193$157,45041$159,212$90,388$42,912
2022$398,991$137,634$190,431$190,33349$190,333$137,536$49,060
2021$451,788$145,113$200,180$198,38046$199,230$144,163$57,072
2020$506,855$29,390$105,257$103,15046—$28,465$51,166

Under IRS private-foundation payout rules, Penniman Family Foundation reported a distributable amount of $44K 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

The foundation’s filing identifies medical research, education, and environmental preservation and enhancement as restrictions on awards.

Its grantees describe work in several areas. St. Lawrence University says it is a liberal arts institution preparing students to be critical and creative thinkers. Florida Gulf Coast University’s foundation describes its work as securing and managing philanthropy for the university’s teaching, scholarship, and public service mission. Naples Art Association says it offers programs, classes, exhibitions, and events to enrich the community through visual arts. Gulfshore Playhouse describes a commitment to professional theatre and arts education. American Rivers says it works to protect and restore rivers.

Grantmaking

In 2024, the foundation made 35 grants totaling $146,950. Grant amounts ranged from $250 to $45,000, with a median of $1,600. Its grant totals were $157,450 across 41 grants in 2023 and $190,333 across 49 grants in 2022.

Among its largest 2024 grants were $45,000 to Florida Center for Government Accountability; $14,000 to St. Lawrence University; $10,500 to Florida Gulf Coast University; $10,000 to Naples Art Association; $8,000 to Gulfshore Playhouse; and $7,500 to Naples Community Hospital. Other grants included $5,000 each to Georgetown Day School, Missouri Botanical Garden, and Naples Botanical Garden.

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Nicholas G. Penniman IV as president, and Linda S. Penniman, Rebecca H. Penniman, Nicholas G. Penniman V, and Sarah Harding as trustees.

Penniman Family Foundation is led by Nicholas G. Penniman IV, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Nicholas G. Penniman IV

    President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Linda S. Penniman

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Nicholas G. Penniman V

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Rebecca H. Penniman

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Sarah Harding

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Penniman Family Foundation

How much does Penniman Family Foundation give each year?

Penniman Family Foundation gave $147K across 35 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $157K across 41 grants.

What is Penniman Family Foundation's typical grant size?

Penniman Family Foundation's median grant in 2024 was $1,600, and its average grant was $4,199, across 35 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Penniman Family Foundation that year got $3K on average.

Where does Penniman Family Foundation give grants?

Penniman Family Foundation gives mostly in Florida: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Missouri (10%) and New York (10%). The most frequent recipient cities were Naples, FL (11 grants), St. Louis, MO (7 grants) and Washington, DC (4 grants).

Does Penniman Family Foundation give general operating support?

Not in 2024: none of the 35 grants with a stated purpose on Penniman Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (35 grants).

Who are Penniman Family Foundation's largest grantees?

Penniman Family Foundation's largest 2024 grantees include Florida Center for Government Accountability ($45,000), St Lawrence University ($14,000) and Florida Gulf Coast University ($10,500), according to its 2024 IRS Form 990-PF. Together they received 47% of its itemized 2024 grant dollars.

How large is Penniman Family Foundation?

Penniman Family Foundation reported $298K in total assets on its 2024 IRS Form 990-PF. It paid out $148K in qualifying distributions that year, against a required minimum of $44K (roughly 5% of its investment assets).

What does Penniman Family Foundation fund?

The foundation’s filing identifies medical research, education, and environmental preservation and enhancement as restrictions on awards. See mission & focus areas ↑

How do I apply for a grant from Penniman Family Foundation?

The foundation states that it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Penniman Family Foundation's EIN?

Penniman Family Foundation's EIN (Employer Identification Number) is 43-6810150. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

Data update history

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS January 31, 2023)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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Cite this profile

Grantable. (2026). Penniman Family Foundation funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/penniman-family-foundation-morg_9e5301beffa24c779336e3bcd0104de1

BibTeX
@misc{grantable_436810150_2026,
  author       = {{Grantable}},
  title        = {{Penniman Family Foundation funder profile}},
  howpublished = {GrantGraph},
  year         = {2026},
  url          = {https://grantable.co/funders/penniman-family-foundation-morg_9e5301beffa24c779336e3bcd0104de1},
  note         = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}

The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.

Figures come from Penniman Family Foundation'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.

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