Penske Foundation Inc
Penske Foundation Inc is a private foundation based in Bloomfield Hills, Michigan. Its 2025 filing reports grants to charitable organizations including health care providers, educational institutions, youth-serving organizations, and other nonprofits.
Penske Foundation Inc at a glance
In short: Penske Foundation Inc gave $10.8M across 29 grants in 2025 (avg $374K), mostly in Michigan. 66% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $10,843,333
- +14.5% vs 2024
- Grants made (2025)
- 29
- +61.1% vs 2024
- Average grant
- $373,908
- -28.9% vs 2024
- Median grant
- $125,000
- Total assets
- $219,322,681
- +1.9% vs 2024
- New grantees (estimate)
- 66% first-time grantees (19 of 29, 2025)
- Primary geography
- Michigan (53% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Penske Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations.
- Contact
Mailing address: 2555 Telegraph Road, Bloomfield Hills, MI 48302-0954
Phone: (248) 648-2369
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Penske Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Henry Ford Health ($2.0M). Together the top 10 received $9.0M.
Grant Size Distribution
90 grants across all recorded years
The most common grant size was under $50K: 33 grants of 90 (37%).
Geographic Focus
Where this funder awards grants
In 2025, Michigan recipients received 53% of grant dollars, followed by Indiana at 12%, Minnesota at 11%, California at 9%, and Texas at 5%. Grants also went to recipients in other states.
Grant Distribution by State
Share of 2025 grant dollars across all 29 itemized grants.
States
Cities
Is Penske Foundation Inc open to new grantees?
66%
first-time grantees, 2025
In 2025, 19 of 29 grantees (66%) were first-time recipients. First grants averaged $372K; repeat grants $377K. How we count
Medians: $200K first-time, $100K repeat.
- 31% of 2025 grantees were also funded in 2024. Method
- Giving grew 306% from 2022 to 2025. Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $1.4M (2020) to $10.8M (2025). In 2025 it made 29 grants totaling $10.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Henry Ford Health Detroit, MI | General | $2,000,000 |
| Oakland County Pontiac, MI | General | $2,000,000 |
| Culver Education Foundation Culver, IN | General | $1,015,000 |
| Mayo Clinic Rochester, MN | General | $1,000,000 |
| Steadfast LA Foundation Los Angeles, CA | General | $1,000,000 |
| The Henry Ford Foundation Dearborn, MI | General | $1,000,000 |
| Boys and Girls Club of Southeastern Michigan Detroit, MI | General | $250,000 |
| Cancer Vaccine Coalition Middlebury, VT | General | $250,000 |
| Greater Houston Community Foundation Friedkin Disaster Relief Fund Houston, TX | General | $250,000 |
| NXG Youth Motorsports Indianapolis, IN | General | $250,000 |
Ready to take the next step with Penske Foundation Inc?
Financial History
Multi-year comparison from IRS filings
The foundation reported 29 grants in 2025, 18 in 2024, and 10 in 2023.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $219,322,681 | $15,134,391 | $11,016,373 | $10,843,333 | 29 | $10,847,258 | $15,134,391 | $11,274,683 |
| 2024 | $215,204,663 | $108,666,194 | $9,502,203 | $9,470,000 | 18 | $9,474,325 | $5,916,194 | $9,821,609 |
| 2023 | $116,040,672 | $101,468,070 | $2,435,497 | $2,430,000 | 10 | $2,432,525 | $523,186 | $1,265,135 |
| 2022 | $17,008,099 | $10,243,924 | $2,674,470 | $2,670,000 | 16 | $2,672,025 | $143,924 | $603,278 |
| 2021 | $9,438,645 | $5,697,705 | $1,667,453 | $1,665,000 | 17 | $1,667,000 | $97,705 | $337,027 |
| 2020 | $5,408,393 | $3,908,868 | $1,407,420 | $1,405,000 | 10 | — | $4,610 | $108,544 |
| 2019 | $2,906,945 | $1,668,281 | $1,572,386 | $1,570,000 | 11 | — | $48,282 | $97,801 |
Under IRS private-foundation payout rules, Penske Foundation Inc reported a distributable amount of $11.3M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants include support for organizations working in health care and medical research, education and science learning, youth programs, and veterans’ services. These are examples of grantees’ work, not stated foundation priorities. For example, Mayo Clinic describes its mission as providing patient care, education, and research; Michigan Science Center says it inspires discovery of science, technology, engineering, and math; and Easy Day Foundation describes connecting veterans to resources for their next chapter.
Grantmaking
In 2025, the foundation reported 29 grants totaling $10,843,333. Grant amounts ranged from $5,000 to $2,000,000, with a median of $125,000. The largest awards included $2,000,000 each to Henry Ford Health and Oakland County; $1,015,000 to Culver Education Foundation; and $1,000,000 each to Mayo Clinic, Steadfast LA Foundation, and The Henry Ford Foundation. The filing lists each of these grants with a general purpose.
Other reported grants included $250,000 each to Boys and Girls Club of Southeastern Michigan, Cancer Vaccine Coalition, Greater Houston Community Foundation Friedkin Disaster Relief Fund, NXG Youth Motorsports, The National Medal of Honor Foundation, and United Way of Southern Michigan. Further examples include $200,000 to Michigan Science Center and $100,000 each to Easy Day Foundation, St. Jude Children’s Research Hospital, and Shattuck–St. Mary’s School.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Kathryn H. Penske and Blair Penske Hall as co-presidents; Lawrence N. Bluth as secretary; and Angela Broaddus as treasurer. Directors listed are Gregory W. Penske, Mark H. Penske, Jay C. Penske, and Roger S. Penske Jr.
Penske Foundation Inc is led by Blair Penske Hall, Co-President since 2025 (on filings since 2019); none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Blair Penske Hall
Co-President
Director → Co-President, 2025
On filings since 2019
1 hr/week
No compensation reported
Kathryn H. Penske
Co-President
President → Co-President, 2025
On filings since 2019
1 hr/week
No compensation reported
Gregory W. Penske
Director
On filings since 2019
1 hr/week
No compensation reported
Jay C. Penske
Director
On filings since 2019
1 hr/week
No compensation reported
Mark H. Penske
Director
On filings since 2019
1 hr/week
No compensation reported
Roger S. Penske Jr.
Director
On filings since 2019
1 hr/week
No compensation reported
Lawrence N. Bluth
Secretary
On filings since 2019
1 hr/week
No compensation reported
Angela Broaddus
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Mary Lou Pernicano (2019–2021) — Treasurer
Data from IRS Form 990 filings, 2019–2025. "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 Penske Foundation Inc
How much does Penske Foundation Inc give each year?
Penske Foundation Inc gave $10.8M across 29 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9.5M across 18 grants.
What is Penske Foundation Inc's typical grant size?
Penske Foundation Inc's median grant in 2025 was $125,000, and its average grant was $373,908, across 29 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Penske Foundation Inc that year got $372K on average.
Where does Penske Foundation Inc give grants?
Penske Foundation Inc gives mostly in Michigan: 53% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Indiana (12%) and Minnesota (11%). The most frequent recipient cities were Detroit, MI (6 grants) and Indianapolis, IN (2 grants).
Does Penske Foundation Inc give general operating support?
Yes: 100% of Penske Foundation Inc's 2025 grants with a stated purpose (29 of 29) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Penske Foundation Inc's largest grantees?
Penske Foundation Inc's largest 2025 grantees include Henry Ford Health ($2,000,000), Oakland County ($2,000,000) and Culver Education Foundation ($1,015,000), according to its 2025 IRS Form 990-PF. Together they received 46% of its itemized 2025 grant dollars.
How large is Penske Foundation Inc?
Penske Foundation Inc reported $219.3M in total assets on its 2025 IRS Form 990-PF. It paid out $10.8M in qualifying distributions that year, against a required minimum of $11.3M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Penske Foundation Inc fund?
No mission statement for the foundation is provided. Its 2025 grants include support for organizations working in health care and medical research, education and science learning, youth programs, and veterans’ services. These are examples of grantees’ work, not stated foundation priorities. See mission & focus areas ↑
How do I apply for a grant from Penske Foundation Inc?
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Penske Foundation Inc's EIN?
Penske Foundation Inc's EIN (Employer Identification Number) is 27-4648290. IRS Form 990 filing data is available on this page for 2019–2025.
Does Penske Foundation Inc 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.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 28, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Penske Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Penske Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/penske-foundation-inc-morg_31584f3dadd648bebfa8897d8896984c
BibTeX
@misc{grantable_274648290_2026,
author = {{Grantable}},
title = {{Penske Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/penske-foundation-inc-morg_31584f3dadd648bebfa8897d8896984c},
note = {Accessed 2026-10-11. 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 Penske Foundation Inc'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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