Penniman Foundation Inc
Penniman Foundation Inc is a private foundation focused on Health, based in Lighthouse Point, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $389K in total assets. In 2024, it awarded 16 grants totaling $40K. Net investment income was $30K.
Key facts about Penniman Foundation Inc
In short: Penniman Foundation Inc gave $40K across 16 grants in 2024 (avg $3K), top state California. 44% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 38-1859967
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $40,200
- Grants made (2024)
- 16
- Average grant
- $2,513
- Median grant
- $1,250
- New grantees (estimate)
- 44% first-time grantees (7 of 16, 2024)
- Total assets
- $389,242
- Primary geography
- California (25% 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).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$389K
-2.7% YoY
Annual Giving
$40K
+47.5% YoY
Grant Count
16
+33.3% YoY
Avg Grant Size
$3K
+10.6% YoY
Under IRS private-foundation payout rules, Penniman Foundation Inc reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
Is Penniman Foundation Inc open to new grantees?
44%
first-time grantees, 2024
In 2024, 7 of 16 grantees (44%) were first-time recipients. First grants averaged $2K; repeat grants $3K. How we count
Medians: $1K first-time, $2K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving grew 91% from 2021 to 2024. Method
- In 2024 it paid out 113% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
States
Cities
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
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| PROVIDENCE ST JOSEPH'S FOUNDATION Burbank, CA | GENERAL FUNDS | $10,000 |
| BOCA RATON REGIONAL HOSPITAL FOUNDATION Boca Raton, FL | GENERAL FUNDS | $5,000 |
| MAYO CLINIC Phoenix, AZ | GENERAL FUNDS | $5,000 |
| UNIVERSITY OF MICHIGAN ANNUAL FUND Ann Arbor, MI | GENERAL FUNDS | $5,000 |
| FISHER HOUSE FOUNDATION Rockville, MD | GENERAL FUNDS | $3,000 |
| UNITED WAY OF ASHEVILLE BUNCOMBE COUNTY Asheville, NC | GENERAL FUNDS | $3,000 |
| HEARTS WITH HANDS ASHEVILLE NC Swannanoa, NC | GENERAL FUNDS | $2,000 |
| CATO INSTITUTE Washington, DC | GENERAL FUNDS | $1,500 |
| ASHEVILLE SCHOOL Asheville, NC | GENERAL FUNDS | $1,000 |
| FSGA FOUNDATION Tampa, FL | GENERAL FUNDS | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $389,242 | $399,884 | $408,602 |
| Revenue | $31,198 | $21,643 | $40,997 |
| Expenses | $42,201 | $29,864 | $28,216 |
| Qualifying Distributions | $41,200 | $28,250 | $27,025 |
| Net Investment Income | $30,292 | $30,016 | $39,806 |
| Distributable Amount | $36,427 | $33,282 | $34,315 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Penniman Foundation Inc is led by John G. Penniman, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
John G. Penniman
President
On filings since 2020
1 hr/week
$1K (2020) → $0 (2024)
Jane M. Grinney
Director
On filings since 2020
1 hr/week
No compensation reported
Kimberly S. Penniman
Director
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.
Compensation Overview
From 2020 IRS filing
Frequently asked questions about Penniman Foundation Inc
How much does Penniman Foundation Inc give each year?
Penniman Foundation Inc gave $40K across 16 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $27K across 12 grants.
What is Penniman Foundation Inc's typical grant size?
Penniman Foundation Inc's median grant in 2024 was $1,250, and its average grant was $2,513, across 16 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Penniman Foundation Inc that year got $2K on average.
Where does Penniman Foundation Inc give grants?
Penniman Foundation Inc's top state is California, with 25% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Florida (19%) and North Carolina (15%). The most frequent recipient cities were Asheville, NC (2 grants).
Does Penniman Foundation Inc give general operating support?
Yes: 88% of Penniman Foundation Inc's 2024 grants with a stated purpose (14 of 16) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Penniman Foundation Inc's largest grantees?
Penniman Foundation Inc's largest 2024 grantees include Providence St Joseph's Foundation ($10,000), Boca Raton Regional Hospital Foundation ($5,000) and Mayo Clinic ($5,000), according to its 2024 IRS Form 990-PF. Together they received 50% of its itemized 2024 grant dollars.
How large is Penniman Foundation Inc?
Penniman Foundation Inc reported $389K in total assets on its 2024 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $36K (roughly 5% of its investment assets).
What is Penniman Foundation Inc?
Penniman Foundation Inc is a private foundation focused on Health, based in Lighthouse Point, FL. It holds $389K in total assets as of 2024.
What is Penniman Foundation Inc's EIN?
Penniman Foundation Inc's EIN (Employer Identification Number) is 38-1859967. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Penniman Foundation Inc by hand.
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