Pennington Family Foundation
Pennington Family Foundation is a private foundation, based in Los Angeles, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 2 grants totaling $1.0M. Net investment income was $690K.
Pennington Family Foundation at a glance
In short: Pennington Family Foundation gave $1.0M across 2 grants in 2024 (avg $511K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,021,500
- +475.5% vs 2023
- Grants made (2024)
- 2
- -50.0% vs 2023
- Average grant
- $510,750
- +1051.0% vs 2023
- Median grant
- $510,750
- Total assets
- $2,392,028
- -12.1% vs 2023
- Primary geography
- California (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Pennington Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was UCLA Foundation ($1.0M). Together the top 2 received $1.0M.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 6 grants of 11 (55%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Pennington Family Foundation gives
- Giving grew 282% from 2021 to 2024. Method
- In 2024 it paid out 606% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $11K (2022) to $1.0M (2024). In 2024 it made 2 grants totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UCLA Foundation Los Angeles, CA | Support of Charitable Purposes | $1,011,500 |
| Minnesota Orchestra Minneapolis, MN | Support of Charitable Purposes | $10,000 |
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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 | $2,392,028 | $715,864 | $1,044,707 | $1,021,500 | 2 | $1,021,500 | $689,600 | $168,455 |
| 2023 | $2,720,871 | $163,492 | $196,710 | $177,500 | 4 | $177,500 | $142,523 | $180,596 |
| 2022 | $2,754,089 | $158,772 | $29,331 | $11,000 | 1 | $11,000 | $140,397 | $178,043 |
| 2021 | $2,624,648 | $150,934 | $298,526 | $267,500 | 2 | $271,125 | $124,632 | $179,804 |
| 2020 | $2,772,240 | $144,431 | $173,715 | $156,500 | 2 | — | $130,548 | $168,243 |
Under IRS private-foundation payout rules, Pennington Family Foundation reported a distributable amount of $168K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Pennington Family Foundation is led by Timothy M. Pennington III, Chairman & President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Timothy M. Pennington III
Chairman & President
On filings since 2020
1 hr/week
No compensation reported
Angela Pennington
Vice President
On filings since 2020
0.3 hrs/week
No compensation reported
Melissa J. Pennington
Vice President & Secretary
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 Pennington Family Foundation
How much does Pennington Family Foundation give each year?
Pennington Family Foundation gave $1.0M across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $178K across 4 grants.
How large is Pennington Family Foundation?
Pennington Family Foundation reported $2.4M in total assets on its 2024 IRS Form 990-PF. It paid out $1.0M in qualifying distributions that year, against a required minimum of $168K (roughly 5% of its investment assets).
Where does Pennington Family Foundation operate?
Pennington Family Foundation has awarded grants in California, Minnesota.
What is Pennington Family Foundation's EIN?
Pennington Family Foundation's EIN (Employer Identification Number) is 95-4042165. 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Pennington Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Pennington Family Foundation funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/pennington-family-foundation-morg_1ca69cceb52a4651a8d43423293e26cf
BibTeX
@misc{grantable_954042165_2026,
author = {{Grantable}},
title = {{Pennington Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/pennington-family-foundation-morg_1ca69cceb52a4651a8d43423293e26cf},
note = {Accessed 2026-10-13. 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 Pennington 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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