The Pennell Family Foundation
The Pennell Family Foundation is a private foundation focused on Arts, Culture & Humanities, based in Greenville, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.2M in total assets. In 2024, it awarded 5 grants totaling $692K. Net investment income was $658K.
The Pennell Family Foundation at a glance
In short: The Pennell Family Foundation gave $692K across 5 grants in 2024 (avg $138K), mostly in South Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $691,667
- +15.3% vs 2023
- Grants made (2024)
- 5
- +150.0% vs 2023
- Average grant
- $138,333
- -53.9% vs 2023
- Median grant
- $100,000
- Total assets
- $12,174,314
- -0.3% vs 2023
- Primary geography
- South Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Pennell Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was YMCA of Greenville ($300K). Together the top 5 received $692K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How The Pennell Family Foundation gives
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2024, annual grant giving ranged from $5K (2020) to $692K (2024). In 2024 it made 5 grants totaling $692K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| YMCA of Greenville Greenville, SC | To Support the Metromont Airnasium | $300,000 |
| Neighborhood Cancer Connection Greenville, SC | To Support Moyer's Room for Children's Naming | $125,000 |
| Judson Community Partnership Greenville, SC | To Provide General Support | $100,000 |
| Mill Village Ministries Greenville, SC | To Support the Hone Greenville Project | $100,000 |
| Kevin & Brittany Kisner Foundation Aiken, SC | To Provide General Support | $66,667 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $12,174,314 | $741,839 | $833,077 | $691,667 | 5 | $699,008 | $657,770 | $701,626 |
| 2023 | $12,215,552 | $249,284 | $688,286 | $600,000 | 2 | $604,950 | $273,537 | $648,304 |
| 2022 | $12,654,554 | $1,306,939 | $288,384 | $183,333 | 2 | $187,933 | $1,224,488 | $659,752 |
| 2021 | $11,204,665 | $14,751,462 | $2,599 | — | — | $2,500 | — | $14,578 |
| 2020 | $5,718 | $4,037 | $7,083 | $5,000 | 1 | — | $1,954 | $516 |
Under IRS private-foundation payout rules, The Pennell Family Foundation reported a distributable amount of $702K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Pennell Family Foundation is led by Richard H. Pennell Jr., Chairperson on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard H. Pennell Jr.
Chairperson
On filings since 2020
1 hr/week
No compensation reported
Allen N. Pennell Albergotti
Trustee
On filings since 2020
1 hr/week
No compensation reported
James D. Pennell
Trustee
On filings since 2020
1 hr/week
No compensation reported
Nancy N. Pennell
Trustee
On filings since 2020
1 hr/week
No compensation reported
Richard H. Pennell III
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Pennell Family Foundation
How much does The Pennell Family Foundation give each year?
The Pennell Family Foundation gave $692K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $600K across 2 grants.
What is The Pennell Family Foundation's typical grant size?
The Pennell Family Foundation's median grant in 2024 was $100,000, and its average grant was $138,333, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Pennell Family Foundation give grants?
The Pennell Family Foundation gives mostly in South Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Greenville, SC (4 grants).
Does The Pennell Family Foundation give general operating support?
Yes: 40% of The Pennell Family Foundation's 2024 grants with a stated purpose (2 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Pennell Family Foundation's largest grantees?
The Pennell Family Foundation's largest 2024 grantees include YMCA of Greenville ($300,000), Neighborhood Cancer Connection ($125,000) and Judson Community Partnership ($100,000), according to its 2024 IRS Form 990-PF. Together they received 76% of its itemized 2024 grant dollars.
How large is The Pennell Family Foundation?
The Pennell Family Foundation reported $12.2M in total assets on its 2024 IRS Form 990-PF. It paid out $699K in qualifying distributions that year, against a required minimum of $702K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Pennell Family Foundation?
The Pennell Family Foundation is a private foundation focused on Arts, Culture & Humanities, based in Greenville, SC. It holds $12.2M in total assets as of 2024.
What is The Pennell Family Foundation's EIN?
The Pennell Family Foundation's EIN (Employer Identification Number) is 83-4694955. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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