Penniman Foundation Inc
Penniman Foundation Inc is a private foundation based in Lighthouse Point, Florida. Its 2024 filing reports 16 grants totaling $40,200 to charitable organizations, including hospitals and health-related organizations, educational organizations, and other nonprofits.
Penniman Foundation Inc at a glance
In short: Penniman Foundation Inc gave $40K across 16 grants in 2024 (avg $3K), top state California. 38% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $40,200
- +47.5% vs 2023
- Grants made (2024)
- 16
- +33.3% vs 2023
- Average grant
- $2,513
- +10.6% vs 2023
- Median grant
- $1,250
- Total assets
- $389,242
- -2.7% vs 2023
- New grantees (estimate)
- 38% first-time grantees (6 of 16, 2024; small sample)
- Primary geography
- California (25% 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 Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation’s 2023 filing says it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 2270 Ne 26Th Street, Lighthouse Point, FL 33064
Phone: (954) 415-0235
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Penniman Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Providence St Joseph's Foundation ($10K). Together the top 10 received $37K.
Grant Size Distribution
58 grants across all recorded years
The most common grant size was under $50K: 58 grants of 58 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grant dollars went to recipients in multiple states. The largest reported shares were California (25%), Florida (19%), North Carolina (15%), Arizona (12%), and Michigan (12%).
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
States
Cities
Is Penniman Foundation Inc open to new grantees?
38%
first-time grantees, 2024
In 2024, 6 of 16 grantees (38%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $1K; repeat grants $3K. How we count
Medians: $750 first-time, $2K repeat.
- 56% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $19K (2020) to $40K (2024). In 2024 it made 16 grants totaling $40K.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $389,242 | $31,198 | $42,201 | $40,200 | 16 | $41,200 | $30,292 | $36,427 |
| 2023 | $399,884 | $21,643 | $29,864 | $27,250 | 12 | $28,250 | $30,016 | $33,282 |
| 2022 | $408,602 | $40,997 | $28,216 | $25,850 | 11 | $27,025 | $39,806 | $34,315 |
| 2021 | $355,814 | $21,738 | $23,305 | $21,050 | 11 | — | $23,449 | $30,682 |
| 2020 | $359,280 | $26,867 | $22,492 | $19,100 | 8 | — | $24,519 | $27,276 |
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.
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 went to organizations whose stated missions include supporting hospital care and health and well-being, assisting military families, advancing liberty-related public policy, educating students, and supporting golf-related activities. These are the grantees’ stated missions, not stated priorities of the foundation.
Grantmaking
In 2024, the foundation reported 16 grants totaling $40,200. Grant amounts ranged from $200 to $10,000, with a median of $1,250.
The largest reported grants included $10,000 to Providence St Joseph’s Foundation; $5,000 each to Boca Raton Regional Hospital Foundation, Mayo Clinic, and University of Michigan Annual Fund; and $3,000 each to Fisher House Foundation and United Way of Asheville Buncombe County. Other reported grants included $2,000 to Hearts with Hands Asheville NC and $1,500 to Cato Institute. The listed purposes for these grants were “general funds.”
Among the grantees, Boca Raton Regional Hospital Foundation says it supports the hospital’s mission of providing compassionate health care through philanthropic gifts and public awareness. Fisher House Foundation says its mission includes providing financial assistance to service members, veterans, and their families, and providing temporary lodging for families visiting military personnel. Cato Institute describes its mission as advancing individual liberty, limited government, free markets, and peace through public policy. These statements describe the grantees.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists John G Penniman as president and Jane M Grinney and Kimberly S Penniman as directors.
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
The highest reported compensation on the 2020 filing was $1K, to John G Penniman (President).
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 $1K 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 does Penniman Foundation Inc fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from Penniman Foundation Inc?
The foundation’s 2023 filing says it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Penniman Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Penniman Foundation Inc funds
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Figures come from Penniman Foundation Inc'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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