The Carol and Rebecca Pennell Foundation
The Carol and Rebecca Pennell Foundation is a private foundation, based in Denison, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $16K in total assets. In 2025, it awarded 6 grants totaling $80K.
The Carol and Rebecca Pennell Foundation at a glance
In short: The Carol and Rebecca Pennell Foundation gave $80K across 6 grants in 2025 (avg $13K), top state Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $79,800
- -16.1% vs 2024
- Grants made (2025)
- 6
- +50.0% vs 2024
- Average grant
- $13,300
- -44.1% vs 2024
- Median grant
- $15,000
- Total assets
- $16,161
- -0.7% vs 2024
- Primary geography
- Texas (31% 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 The Carol and Rebecca Pennell Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Mexico Outreach ($23K). Together the top 6 received $80K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 24 grants of 27 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How The Carol and Rebecca Pennell Foundation gives
- Giving fell 30% from 2022 to 2025. Method
- In 2022 it paid out well above 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 $80K (2025) to $282K (2019). In 2025 it made 6 grants totaling $80K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mexico Outreach Colorado Springs, CO | Mission Trips | $23,300 |
| Mexico Ministries Inc Denison, TX | Church building for communities in need | $21,000 |
| Casa Hogar Alegre | Assistance for children in need | $20,000 |
| BBFI - World Mission Service Center Kansas City, MO | Missionaries | $10,000 |
| Denison Soup Kitchen Denison, TX | Assistance for the hungry | $4,000 |
| Lighthouse Children's Home Kosciusko, MS | Assistance for children in need | $1,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $16,161 | $89,020 | $89,128 | $79,800 | 6 | $79,800 | — |
| 2024 | $16,269 | $90,345 | $97,125 | $95,100 | 4 | $95,100 | — |
| 2023 | $23,049 | $156,281 | $176,077 | $174,100 | 6 | $174,100 | — |
| 2022 | $42,845 | $148,447 | $115,475 | $113,850 | 5 | $113,850 | $1,600 |
| 2021 | $9,873 | $139,491 | $154,773 | $153,600 | 6 | $153,600 | $1,561 |
| 2020 | $25,155 | $187,332 | $202,330 | $201,190 | 6 | — | $2,932 |
| 2019 | $40,153 | $298,842 | $284,824 | $282,399 | 7 | — | $1,688 |
Leadership & Key People
Officers and directors from IRS filings
The Carol and Rebecca Pennell Foundation's 2025 filing lists 6 officers; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Rebecca Ann Pennell
Trustee
On filings since 2019
No compensation reported
Clay Jones
Director
On filings since 2022
No compensation reported
Jim Bob Walters
Director
On filings since 2022
No compensation reported
Sandy Ulmer
Director
On filings since 2022
No compensation reported
Teresa Meyers
Director
On filings since 2022
No compensation reported
Tom Akins
Director
On filings since 2022
No compensation reported
Former officers (2)
- Former: Carol Edward Pennell (2019–2021) — Trustee
- Former: Philip Sl McKinzie (2019–2021) — Trustee
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 The Carol and Rebecca Pennell Foundation
How much does The Carol and Rebecca Pennell Foundation give each year?
The Carol and Rebecca Pennell Foundation gave $80K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $95K across 4 grants.
What is The Carol and Rebecca Pennell Foundation's typical grant size?
The Carol and Rebecca Pennell Foundation's median grant in 2025 was $15,000, and its average grant was $13,300, across 6 grants on its 2025 IRS Form 990-PF.
Where does The Carol and Rebecca Pennell Foundation give grants?
The Carol and Rebecca Pennell Foundation's top state is Texas, with 31% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Colorado (29%) and Missouri (13%). The most frequent recipient cities were Denison, TX (2 grants).
Does The Carol and Rebecca Pennell Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on The Carol and Rebecca Pennell Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are The Carol and Rebecca Pennell Foundation's largest grantees?
The Carol and Rebecca Pennell Foundation's largest 2025 grantees include Mexico Outreach ($23,300), Mexico Ministries Inc ($21,000) and Casa Hogar Alegre ($20,000), according to its 2025 IRS Form 990-PF. Together they received 81% of its itemized 2025 grant dollars.
How large is The Carol and Rebecca Pennell Foundation?
The Carol and Rebecca Pennell Foundation reported $16K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $89K.
What is The Carol and Rebecca Pennell Foundation's EIN?
The Carol and Rebecca Pennell Foundation's EIN (Employer Identification Number) is 27-6254977. 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
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 9, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 20, 2026)
- IRS filings on file for fiscal years 2019–2024
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