The Penny Smith Novick Foundation Inc
The Penny Smith Novick Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $455K in total assets. In 2024, it awarded 7 grants totaling $54K. Net investment income was $48K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$455K
-2.1% YoY
Annual Giving
$54K
+70.0% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$8K
+45.7% YoY
About The Penny Smith Novick Foundation Inc
Based on IRS filings
The Penny Smith Novick Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $455K in total assets. In 2024, it awarded 7 grants totaling $54K. Net investment income was $48K.
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 | $454,879 | $464,742 | $467,121 |
| Revenue | $59,996 | $42,872 | $58,416 |
| Expenses | $69,859 | $45,174 | $38,502 |
| Qualifying Distributions | $56,888 | $34,065 | $27,365 |
| Net Investment Income | $48,025 | $32,353 | $47,379 |
| Distributable Amount | $40,742 | $39,461 | $39,488 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PENNY NOVICK | PRESIDENT / TREASURER | 3 | — |
| BRETT NOVICK | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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