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
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
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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
No grants recorded for .
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 RoundRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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