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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
-12.1% YoY
Annual Giving
$1.0M
+475.5% YoY
Grant Count
2
-50.0% YoY
Avg Grant Size
$511K
+1051.0% YoY
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.
About Pennington Family Foundation
Based on IRS filings
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.
Ready to take the next step with Pennington Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,392,028 | $2,720,871 | $2,754,089 |
| Revenue | $715,864 | $163,492 | $158,772 |
| Expenses | $1,044,707 | $196,710 | $29,331 |
| Qualifying Distributions | $1,021,500 | $177,500 | $11,000 |
| Net Investment Income | $689,600 | $142,523 | $140,397 |
| Distributable Amount | $168,455 | $180,596 | $178,043 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ucla Foundation ($1,011,500), Minnesota Orchestra ($10,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TIMOTHY M PENNINGTON III | CHAIRMAN & PRESIDENT | 1 | — |
| MELISSA J PENNINGTON | VICE PRES & SECRETARY | 1 | — |
| ANGELA PENNINGTON | VICE PRESIDENT | 0.25 | — |
Frequently Asked Questions
How large is Pennington Family Foundation?
As of 2024, Pennington Family Foundation holds $2.4M in total assets with $716K in annual revenue. It awarded 2 grants totaling $1.0M in 2024.
Where does Pennington Family Foundation operate?
Pennington Family Foundation has awarded grants in California, Minnesota.
What size grants does Pennington Family Foundation award?
In 2024, Pennington Family Foundation awarded 2 grants totaling $1.0M — an average of about $511K per grant, based on its IRS Form 990 filings.
How much is Pennington Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Pennington Family Foundation reported a distributable amount of $168K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Pennington Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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