Penrose Foundation
The Penrose Foundation is a private foundation established in 1993 and based in Fort Worth, Texas. It operates as a 501(c)(3) tax-exempt organization with a focus on educational initiatives and scholarship support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-2.7% YoY
Annual Giving
$118K
-4.8% YoY
Grant Count
23
+4.5% YoY
Avg Grant Size
$5K
-9.0% YoY
Under IRS private-foundation payout rules, Penrose Foundation reported a distributable amount of $137K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary purpose is to award scholarships to students of Hispanic descent who maintain a minimum 3.0 grade point average. The foundation also supports educational initiatives and various charitable causes within Texas.
Grantmaking
Grant Range
$5,000
Review Cycle
April 1 of the applicable year
Ready to take the next step with Penrose Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily funds initiatives within Texas, with grantmaking concentrated in the Dallas-Fort Worth metropolitan area and surrounding cities including Arlington, Bedford, Euless, Fort Worth, Grand Prairie, Haltom City, Keller, Mansfield, River Oaks, Southlake, and Watauga.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $1,342,962
- Total revenues: $114,632
- Total expenses: $152,041
- Investment income and dividends: $30,585
- Net gain from sale of non-inventory assets: $82,927
Historical Asset Growth:
- 2011: $864,000
- 2023: $1,400,000
- 2024: $1,342,962
Liabilities: $0 (2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,342,962 | $1,380,371 | $1,493,027 |
| Revenue | $114,632 | $42,656 | $109,079 |
| Expenses | $152,041 | $155,312 | $163,669 |
| Qualifying Distributions | $130,928 | $140,708 | $141,026 |
| Net Investment Income | $97,622 | $27,003 | $92,531 |
| Distributable Amount | $137,074 | $127,055 | $134,535 |
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
105 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Abel Hernandez-moreno ($6,000), Alejandra Specia ($6,000), Benjamin Dalton ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ABEL HERNANDEZ-MORENO FORT WORTH, TX | EDUCATIONAL | $6,000 |
| ACADEMY 4 FORT WORTH, TX | EDUCATIONAL | $2,500 |
| ALEJANDRA SPECIA FORT WORTH, TX | EDUCATIONAL | $6,000 |
| BENJAMIN DALTON GRAND PRAIRIE, TX | EDUCATIONAL | $6,000 |
| CRYSTAL VEGA FORT WORTH, TX | EDUCATIONAL | $6,000 |
| ELIJAH MHROUS FORT WORTH, TX | EDUCATIONAL | $6,000 |
| GIRLS INC OF TARRANT COUNTY FORT WORTH, TX | EDUCATIONAL | $2,500 |
| JENNIFER RIVERA ARLINGTON, TX | EDUCATIONAL | $6,000 |
| LAURA CRUZ FORT WORTH, TX | EDUCATIONAL | $6,000 |
| MARK SMITH MANSFIELD, TX | EDUCATIONAL | $6,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Patricia P. Schieffer – Director and President
- Sharon Schieffer Mayes – Director and Vice President (compensated board member, $12,918 annually)
- The foundation is governed by 7 officers and trustees
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATRICIA P SCHIEFFER | DIRECTOR/PRES | — | — |
| SHARON SCHIEFFER MAYES | DIRECTOR/VP | 10 | $12,918 |
| YOLANDA CORNEJO GARCIA | DIRECTOR | — | — |
| ROBERT P EVANS | DIRECTOR/SECRETARY | — | — |
| SUSAN N SCHIEFFER | DIRECTOR | — | — |
| SHARON S BAIRD | DIRECTOR | — | — |
| J THOMAS SCHIEFFER | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking, with 22 grants awarded in 2024. Recent recipients have included organizations focused on food security, workforce development, community development, and neighborhood revitalization efforts across multiple states.
2025 Pennrose Foundation Grants First RoundFrequently Asked Questions
What does Penrose Foundation fund?
The foundation's primary purpose is to award scholarships to students of Hispanic descent who maintain a minimum 3.0 grade point average. The foundation also supports educational initiatives and various charitable causes within Texas.
How do I apply for a grant from Penrose Foundation?
**Grant Activity:** • Made 22 grants in 2024 • Total giving in 2024: $118,010–$124,000 • Median grant size: $5,000 • Grant range: $2,500–$15,000 • Historical grantmaking peaked in 2022 with $245,000 distributed across 44 grants • Total of 86 grants made historically, totaling $462,000 **Recent Grant Recipients (2024):** • Girls Incorporated of Tarrant County: $2,500 • Tarrant Area Food Bank: $2,500 • United Community Centers: $2,500 **Application Requirements:** • Applicants must be of Hispanic…
Where does Penrose Foundation make grants?
The foundation primarily funds initiatives within Texas, with grantmaking concentrated in the Dallas-Fort Worth metropolitan area and surrounding cities including Arlington, Bedford, Euless, Fort Worth, Grand Prairie, Haltom City, Keller, Mansfield, River Oaks, Southlake, and Watauga.
What size grants does Penrose Foundation award?
In 2024, Penrose Foundation awarded 23 grants totaling $118K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Penrose Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Penrose Foundation reported a distributable amount of $137K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Penrose Foundation's EIN?
Penrose Foundation's EIN (Employer Identification Number) is 75-2456902. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Penrose Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
William Z Hayes Foundation
DALLAS, TX
Assets
$629K
Grants
4
Total Given
$28K
Tr Uw Jane James Cook Item 19
DALLAS, TX
Assets
$861K
Grants
11
Total Given
$41K
Forsyth Fbo Leonard Wood Memorial
DALLAS, TX
Assets
$320K
Grants
1
Total Given
$18K
Teas Foundation
AMARILLO, TX
Assets
$3.0M
Grants
3
Total Given
$138K
Crystelle Waggoner Charitable Trust
DALLAS, TX
Assets
$13.5M
Grants
41
Total Given
$3.9M
Nelson & Debbie Fox Charitable Fdtn
LUBBOCK, TX
Assets
$329K
Grants
9
Total Given
$90K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Penrose Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Penrose Foundation to a real strategy.