The Irving Penn Foundation
The Irving Penn Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $152.6M in total assets. In 2024, it awarded 1 grant totaling $1.4M. Net investment income was $364K.
Key facts about The Irving Penn Foundation
- EIN
- 20-2649118
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,370,000
- Grants made (2024)
- 1
- Average grant
- $1,370,000
- Median grant
- $1,370,000
- Total assets
- $152,583,359
- Primary geography
- New York (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How The Irving Penn Foundation gives
- Giving fell 56% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Irving Penn Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$152.6M
-0.8% YoY
Annual Giving
$1.4M
+10.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.4M
+10.0% YoY
About The Irving Penn Foundation
Based on IRS filings
The Irving Penn Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $152.6M in total assets. In 2024, it awarded 1 grant totaling $1.4M. Net investment income was $364K.
Focus Areas
Ready to take the next step with The Irving Penn Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $152,583,359 | $153,762,519 | $154,769,496 |
| Revenue | $758,086 | $842,083 | $2,417,509 |
| Expenses | $3,086,314 | $2,816,221 | $3,002,497 |
| Qualifying Distributions | $2,676,010 | $2,453,397 | $2,573,624 |
| Net Investment Income | $364,182 | $500,204 | $1,881,272 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Metropolitan Museum of Art ($1,370,000).
| Recipient | Purpose | Amount |
|---|---|---|
| METROPOLITAN MUSEUM OF ART New York, NY | TO PROMOTE APPRECIATION AND UNDERSTANDING OF FINE ARTS (SEE ATTACHMENT) | $1,370,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lennart Durehed | Director | 1 | — |
| Tom Penn | Director, President & Chair | 40 | $289,636 |
| Arnie Herrmann | Director, Secretary & Treasurer | 1 | — |
| Elizabeth Broun | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Irving Penn Foundation?
The Irving Penn Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. It holds $152.6M in total assets as of 2024.
How large is The Irving Penn Foundation?
As of 2024, The Irving Penn Foundation holds $152.6M in total assets with $758K in annual revenue. It awarded 1 grant totaling $1.4M in 2024.
Where does The Irving Penn Foundation operate?
The Irving Penn Foundation has awarded grants in District of Columbia, New York.
What size grants does The Irving Penn Foundation award?
In 2024, The Irving Penn Foundation awarded 1 grant totaling $1.4M — an average of about $1.4M per grant, based on its IRS Form 990 filings.
What is The Irving Penn Foundation's EIN?
The Irving Penn Foundation's EIN (Employer Identification Number) is 20-2649118. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.