The Carol and Rebecca Pennell Foundation
The Carol and Rebecca Pennell Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENISON, TX. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $16K in total assets. In 2024, it awarded 4 grants totaling $95K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16K
-29.4% YoY
Annual Giving
$95K
-45.4% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$24K
-18.1% YoY
About The Carol and Rebecca Pennell Foundation
Based on IRS filings
The Carol and Rebecca Pennell Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENISON, TX. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $16K in total assets. In 2024, it awarded 4 grants totaling $95K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,269 | $23,049 | $42,845 |
| Revenue | $90,345 | $156,281 | $148,447 |
| Expenses | $97,125 | $176,077 | $115,475 |
| Qualifying Distributions | $95,100 | $174,100 | $113,850 |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | $1,600 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mexico Outreach ($30,100), Casa Hogar Alegre ($30,000), Mexico Ministries Inc ($29,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MEXICO MINISTRIES INC DENISON, TX | Church building for communities in need | $29,000 |
| Mexico Outreach Colorado Springs, CO | Mission Trips | $30,100 |
| Denison Soup Kitchen Denison, TX | Assistance for the hungry | $6,000 |
| Casa Hogar Alegre | Assistance for children in need | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REBECCA ANN PENNELL | Trustee | — | — |
| JIM BOB WALTERS | Director | — | — |
| TERESA MEYERS | Director | — | — |
| SANDY ULMER | Director | — | — |
| CLAY JONES | Director | — | — |
| TOM AKINS | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Carol and Rebecca Pennell Foundation?
The Carol and Rebecca Pennell Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENISON, TX. It holds $16K in total assets as of 2024.
How large is The Carol and Rebecca Pennell Foundation?
As of 2024, The Carol and Rebecca Pennell Foundation holds $16K in total assets with $90K in annual revenue. It awarded 4 grants totaling $95K in 2024.
Where does The Carol and Rebecca Pennell Foundation operate?
The Carol and Rebecca Pennell Foundation has awarded grants in Colorado, Indiana, Missouri, Mississippi, Oklahoma, Texas.
What size grants does The Carol and Rebecca Pennell Foundation award?
In 2024, The Carol and Rebecca Pennell Foundation awarded 4 grants totaling $95K — an average of about $24K per grant, based on its IRS Form 990 filings.
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 2019–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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