The Penates Foundation
The Penates Foundation is a private family foundation established in 1984 and based in Seabrook, New Hampshire. The foundation operates as a 501(c)(3) organization with tax-exempt status since August 1984 (EIN: 22-2536075).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.5M
+18.0% YoY
Annual Giving
$743K
+73.8% YoY
Grant Count
74
+39.6% YoY
Avg Grant Size
$10K
+24.5% YoY
Under IRS private-foundation payout rules, The Penates Foundation reported a distributable amount of $1.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation provides giving primarily in the following areas:
- Arts and culture (including performing arts and museums)
- Education
- Medical research
- Human services and social services
- Civic affairs and community development
- Children and youth
- Environmental preservation
- Religious services
Grantmaking
The foundation made 75 grants in its most recent reporting period. Notable recent grants include:
Grant Range
$5,000
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Geographic Focus
Where this funder awards grants
The foundation provides funding geographically across the Northeast, with particular emphasis on New Hampshire, New York, and Massachusetts. The foundation also supports organizations nationally across the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue (Most Recent Data):
- Total assets: $34,525,348 (2024)
- Total revenue: $3,770,742 (2024)
- Total expenses: $1,139,505 (2024)
- Total giving: $737,950 (2024)
Historical Assets:
- Assets: $29,270,900 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,525,348 | $29,270,900 | $13,093,466 |
| Revenue | $3,770,742 | $10,076,148 | $5,249,956 |
| Expenses | $1,139,505 | $706,381 | $511,333 |
| Qualifying Distributions | $996,336 | $612,942 | $440,822 |
| Net Investment Income | $3,604,329 | $2,821,209 | $5,179,445 |
| Distributable Amount | $1,567,504 | $1,158,683 | $598,611 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
201 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boch Center ($50,000), Boston Symphony Orchestra ($50,000), New England Conservatory ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFRICAN SISTERS EDUCATION COLLABORATIVE SCRANTON, PA | EDUCATION | $5,000 |
| AMERICAN BALLET THEATRE NEW YORK, NY | ARTS AND CULTURE | $5,000 |
| AMERICAN ITALIAN CANCER FOUNDATION NEW YORK, NY | MEDICAL | $5,000 |
| AMERICAN RED CROSS CONCORD, NH | GENERAL SUPPORT | $5,000 |
| AMERICANS UNITED FOR LIFE WASHINGTON, DC | GENERAL FUND | $25,000 |
| BOCH CENTER BOSTON, MA | CULTURE & ART | $50,000 |
| BOSTON COLLEGE CHESTNUT HILL, MA | EDUCATION | $3,000 |
| BOSTON LYRIC OPERA BOSTON, MA | CULTURE & ARTS | $25,000 |
| BOSTON SYMPHONY ORCHESTRA BOSTON, MA | ARTS & CULTURE | $50,000 |
| BREWSTER ACADEMY WOLFEBORO, NH | EDUCATION | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Key Personnel:
- Sandra G. Montrone — President/Director
- Michele M. Cogan — Vice President/Director
- Paul M. Montrone — Director
- Robert Gagalis — Treasurer
- Angelo M. Montrone — Director
- Anthony DiNovi — Director
- Fred Seigel — Director
- Kevin Clark — Director
- Jerome Montrone — Director
- Matthew Friel — Director
The foundation is staffed with dedicated personnel and appears to have board members actively involved in governance.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL M MONTRONE SEE NOTE | DIRECTOR | 3 | — |
| ANGELO M MONTRONE | DIRECTOR | 1 | — |
| ANTHONY DINOVI | DIRECTOR | 1 | — |
| FRED SEIGEL | DIRECTOR | 1 | — |
| SANDRA G MONTRONE | PRESIDENT/DIR. | 3 | — |
| MICHELE M COGAN SEE NOTE | VICE PRESIDENT/DIRECTOR | 40 | — |
| KEVIN CLARK | DIRECTOR | 1 | — |
| JEROME MONTRONE | DIRECTOR | 1 | — |
| MATTHEW FRIEL | DIRECTOR | 1 | — |
| ROBERT GAGALIS | TREASURER | 1 | — |
Contact Information
Address: 5 Batchelder Road Seabrook, NH 03874-4402 United States
Telephone: 603-926-5911
Frequently Asked Questions
What does The Penates Foundation fund?
The foundation provides giving primarily in the following areas: • Arts and culture (including performing arts and museums) • Education • Medical research • Human services and social services • Civic affairs and community development • Children and youth • Environmental preservation • Religious services
How do I apply for a grant from The Penates Foundation?
**Grant Characteristics:** • Typical grant awards range from $5,000 to $55,000 • Median grant size: $5,000 • Recent annual giving: $737,950 (2024) **Types of Support:** • General support • Project support • Equipment • Building funds • Land and property acquisition **Recent Grant Activity:** The foundation made 75 grants in its most recent reporting period. Notable recent grants include: • $55,000 to Citizens Count NH (civic/community) • $50,000 to Foundation for the National Institute of Healt…
Where does The Penates Foundation make grants?
The foundation provides funding geographically across the Northeast, with particular emphasis on New Hampshire, New York, and Massachusetts. The foundation also supports organizations nationally across the United States.
What size grants does The Penates Foundation award?
In 2024, The Penates Foundation awarded 74 grants totaling $743K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Penates Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Penates Foundation reported a distributable amount of $1.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Penates Foundation's EIN?
The Penates Foundation's EIN (Employer Identification Number) is 22-2536075. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Penates Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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