Richard and Patricia Penske Foundation
Richard and Patricia Penske Foundation is a private foundation, based in Bath, PA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $52K in total assets. In 2025, it awarded 1 grant totaling $6K. Net investment income was $1K.
Richard and Patricia Penske Foundation at a glance
In short: Richard and Patricia Penske Foundation gave $6K across 1 grant in 2025 (avg $6K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $6,250
- -37.5% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $6,250
- -37.5% vs 2024
- Median grant
- $6,250
- Total assets
- $51,779
- -11.5% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Richard and Patricia Penske Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was United Way of the Greater Lehigh Valley ($6K).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Richard and Patricia Penske Foundation gives
- Giving held roughly steady from 2022 to 2025 (−13%). Method
- In 2025 it paid out 154% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $3K (2019) to $11K (2023). In 2025 it made 1 grant totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of the Greater Lehigh Valley Allentown, PA | Charitable Operations Support | $6,250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $51,779 | $2,826 | $9,551 | $6,250 | 1 | $7,694 | $1,045 | $4,982 |
| 2024 | $58,504 | $5,955 | $12,862 | $10,008 | 1 | $11,215 | $4,391 | $4,833 |
| 2023 | $65,411 | $8,691 | $15,144 | $10,867 | 2 | $12,842 | $6,389 | $4,507 |
| 2022 | $71,983 | $3,226 | $7,543 | $7,170 | 1 | $7,170 | $2,853 | $5,056 |
| 2021 | $76,354 | $5,152 | $8,673 | $6,600 | 3 | $7,400 | $3,879 | $5,707 |
| 2020 | $79,899 | $3,124 | $7,976 | $6,000 | 1 | — | $1,758 | $4,794 |
| 2019 | $84,751 | $2,373 | $4,616 | $2,800 | 4 | — | $1,457 | $4,661 |
Under IRS private-foundation payout rules, Richard and Patricia Penske Foundation reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard and Patricia Penske Foundation is led by Richard H. Penske, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard H. Penske
President
On filings since 2019
1 hr/week
No compensation reported
Crislyn A. Sheeler
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Patricia L. Penske
Vice President
On filings since 2019
1 hr/week
No compensation reported
Victoria L. Aitchison
Secretary
On filings since 2019
1 hr/week
No compensation reported
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 Richard and Patricia Penske Foundation
How much does Richard and Patricia Penske Foundation give each year?
Richard and Patricia Penske Foundation gave $6K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 1 grant.
How large is Richard and Patricia Penske Foundation?
Richard and Patricia Penske Foundation reported $52K in total assets on its 2025 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
Where does Richard and Patricia Penske Foundation operate?
Richard and Patricia Penske Foundation has awarded grants in Michigan, Pennsylvania, Tennessee, Texas, Vermont.
What is Richard and Patricia Penske Foundation's EIN?
Richard and Patricia Penske Foundation's EIN (Employer Identification Number) is 23-2858131. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS September 10, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2020–2024
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