Penshorn Joshua 24 Foundation

Private foundation · Grantmaker Milwaukee, WI EIN: 46-1586597

Penshorn Joshua 24 Foundation is a private foundation based in Milwaukee, Wisconsin. Its 2024 filing reports grants to charitable organizations, including schools, ministries, and social-service organizations.

Key facts about Penshorn Joshua 24 Foundation

In short: Penshorn Joshua 24 Foundation gave $1.3M across 39 grants in 2024 (avg $33K), top state Minnesota. 26% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

EIN
46-1586597
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$1,276,600
Grants made (2024)
39
Average grant
$32,733
Median grant
$15,000
New grantees (estimate)
26% first-time grantees (10 of 39, 2024)
Total assets
$1,619,839
Primary geography
Minnesota (47% of itemized 2024 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.6M

+0.3% YoY

Annual Giving

$1.3M

-1.6% YoY

Grant Count

39

-2.5% YoY

Avg Grant Size

$33K

+0.9% YoY

Under IRS private-foundation payout rules, Penshorn Joshua 24 Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.

Is Penshorn Joshua 24 Foundation open to new grantees?

26%

first-time grantees, 2024

In 2024, 10 of 39 grantees (26%) were first-time recipients. First grants averaged $41K; repeat grants $30K. How we count

Medians: $5K first-time, $15K repeat.

  • 59% of 2024 grantees were also funded in 2023. Method
  • Giving grew 98% from 2021 to 2024. Method
  • In 2024 it paid out 102% 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.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No foundation mission is stated in the available information. Its 2024 grantees describe a range of activities: Hope Academy says it operates a K–12 school providing a classical Christian education in urban Minneapolis; New Life Family Services describes itself as a faith-based medical clinic and social-service agency focused on pregnancy, parenting, and adoption support; and Can Do Canines says it creates partnerships between specially trained dogs and people. Samaritan’s Purse describes its work as providing spiritual and physical aid to people affected by war, poverty, natural disasters, disease, and famine.

Grantmaking

In 2024, the foundation made 39 grants totaling $1,276,600. Grants ranged from $1,000 to $140,000, with a median of $15,000. Among the largest were $140,000 to MN Adult & Teen Challenge, $121,000 to Concordia Seminary St Louis, $116,000 to Concordia Seminary Ft Wayne, $115,000 to Can Do Canines, and $100,000 each to Samaritan’s Purse and Brite Initiative. The listed purposes for these grants were general operating.

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Geographic Focus

Where this funder awards grants

In 2024, Minnesota received 47% of grant dollars, North Carolina 16%, Missouri 11%, Indiana 9%, and Michigan 5%. The listed recipients also include organizations in California.

Grant Distribution by State

18states

Share of 2024 grant dollars across all 39 itemized grants.

Cities

MinneapolisSaint LouisMadisonFayettevilleGlencoeHamburgMaple GroveMayerNew HavenOrlandoRichfieldSan AntonioBooneDearbornNew HopeNorwood Young AmericaRichardsonWayzataBrooklyn ParkFort Wayne

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M21 grants2020 27 grants2021 32 grants2022 40 grants2023 39 grants2024

From 2020 to 2024, annual grant giving ranged from $602K (2020) to $1.3M (2023). In 2024 it made 39 grants totaling $1.3M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

MN Adult & Teen Challenge: $140KMN Adult & Teen Challenge$140KConcordia Seminary St Louis: $121KConcordia Seminary St Louis$121KConcordia Seminary Ft Wayne: $116KConcordia Seminary Ft Wayne$116KCan Do Canines: $115KCan Do Canines$115KSamaritans Purse: $100KSamaritans Purse$100KBrite Initiative: $100KBrite Initiative$100KHope Academy: $70KHope Academy$70KNew Life Family Services: $70KNew Life Family Services$70KLamp Ministry Inc: $50KLamp Ministry Inc$50KHeritage Christian Academy: $44KHeritage Christian Academy$44K

The largest 2024 recipient was MN Adult & Teen Challenge ($140K). Together the top 10 received $926K.

Grant Size Distribution

159 grants across all recorded years

137<$50K6$50–100K14$100–250K2$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 137 grants of 159 (86%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
MN Adult & Teen Challenge Minneapolis, MNGeneral Operating$140,000
Concordia Seminary St Louis St. Louis, MOGeneral Operating$121,000
Concordia Seminary Ft Wayne Fort Wayne, INGeneral Operating$116,000
Can Do Canines New Hope, MNGeneral Operating$115,000
Samaritans Purse Boone, NCGeneral Operating$100,000
Brite Initiative Fayetteville, NCGeneral Operating$100,000
Hope Academy Minneapolis, MNGeneral Operating$70,000
New Life Family Services Richfield, MNGeneral Operating$70,000
Lamp Ministry Inc New Haven, MIGeneral Operating$50,000
Heritage Christian Academy Maple Grove, MNGeneral Operating$44,100

Financial History

Multi-year comparison from IRS filings

Filing year Grant total Number of grants
2024 $1,276,600 39
2023 $1,297,100 40
2022 $1,067,600 32
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$1,619,839$1,615,384$2,610,862
Revenue$1,392,763$410,198$348,854
Expenses$1,388,307$1,405,676$1,177,249
Qualifying Distributions$1,289,592$1,309,775$1,080,789
Net Investment Income$1,298,564$318,850$238,145
Distributable Amount$1,262,956$1,242,481$1,313,470

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS October 4, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 10, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS August 22, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 10, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists John Penshorn as president, Terri Penshorn as vice-president, and Don Demorett as director.

Penshorn Joshua 24 Foundation is led by John Penshorn, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • John Penshorn

    President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Don Demorett

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Terri Penshorn

    Vice President

    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.

Contact

Mailing address: PO Box 0634, Milwaukee, WI 53201-0634
Phone: (651) 466-8710

Frequently asked questions about Penshorn Joshua 24 Foundation

How much does Penshorn Joshua 24 Foundation give each year?

Penshorn Joshua 24 Foundation gave $1.3M across 39 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.3M across 40 grants.

What is Penshorn Joshua 24 Foundation's typical grant size?

Penshorn Joshua 24 Foundation's median grant in 2024 was $15,000, and its average grant was $32,733, across 39 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Penshorn Joshua 24 Foundation that year got $41K on average.

Where does Penshorn Joshua 24 Foundation give grants?

Penshorn Joshua 24 Foundation's top state is Minnesota, with 47% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were North Carolina (16%) and Missouri (11%). The most frequent recipient cities were Minneapolis, MN (5 grants), St. Louis, MO (2 grants), Madison, WI (2 grants) and Houston, TX (2 grants).

Does Penshorn Joshua 24 Foundation give general operating support?

Yes: 100% of Penshorn Joshua 24 Foundation's 2024 grants with a stated purpose (39 of 39) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Penshorn Joshua 24 Foundation's largest grantees?

Penshorn Joshua 24 Foundation's largest 2024 grantees include MN Adult & Teen Challenge ($140,000), Concordia Seminary St Louis ($121,000) and Concordia Seminary Ft Wayne ($116,000), according to its 2024 IRS Form 990-PF. Together they received 30% of its itemized 2024 grant dollars.

How large is Penshorn Joshua 24 Foundation?

Penshorn Joshua 24 Foundation reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $1.3M in qualifying distributions that year, against a required minimum of $1.3M (roughly 5% of its investment assets).

What does Penshorn Joshua 24 Foundation fund?

No foundation mission is stated in the available information. See mission & focus areas ↑

How do I apply for a grant from Penshorn Joshua 24 Foundation?

The foundation 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 Penshorn Joshua 24 Foundation's EIN?

Penshorn Joshua 24 Foundation's EIN (Employer Identification Number) is 46-1586597. IRS Form 990 filing data is available on this page for 2020–2024.

Does Penshorn Joshua 24 Foundation 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.

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