The Penobscot Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 3 grants totaling $150K. Net investment income was $149K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
Annual Giving
$150K
Grant Count
3
Avg Grant Size
$50K
Under IRS private-foundation payout rules, The Penobscot Fund reported a distributable amount of $77K for 2024 — the minimum it must pay out in qualifying distributions.
About The Penobscot Fund
Based on IRS filings
The Penobscot Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 3 grants totaling $150K. Net investment income was $149K.
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 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,407,275 | $1,513,837 | $1,576,441 |
| Revenue | $148,944 | $110,051 | $102,671 |
| Expenses | $166,229 | $172,655 | $21,665 |
| Qualifying Distributions | $150,000 | $150,000 | — |
| Net Investment Income | $148,944 | $110,051 | $102,671 |
| Distributable Amount | $77,114 | $74,568 | $91,614 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Center for Reproductive Rights ($50,000), Good Foundation ($50,000), Share Our Strengthno Kid Hungry ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTER FOR REPRODUCTIVE RIGHTS NEW YORK, NY | GENERAL SUPPORT | $50,000 |
| GOOD FOUNDATION NEW YORK, NY | GENERAL SUPPORT | $50,000 |
| SHARE OUR STRENGTHNO KID HUNGRY PHIADELPHIA, PA | GENERAL SUPPORT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EUGENE BRADLEY MEYER | TRUSTEE | 1 | — |
| NICHOLAS D MEYER | TRUSTEE | 1 | — |
| JACOB B MEYER | TRUSTEE | 1 | — |
| NATHANIEL S MEYER | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Penobscot Fund?
The Penobscot Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. It holds $1.4M in total assets as of 2024.
How large is The Penobscot Fund?
As of 2024, The Penobscot Fund holds $1.4M in total assets with $149K in annual revenue. It awarded 3 grants totaling $150K in 2024.
Where does The Penobscot Fund operate?
The Penobscot Fund has awarded grants in District of Columbia, Massachusetts, New York, Pennsylvania, Texas.
What size grants does The Penobscot Fund award?
In 2024, The Penobscot Fund awarded 3 grants totaling $150K — an average of about $50K per grant, based on its IRS Form 990 filings.
How much is The Penobscot Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Penobscot Fund reported a distributable amount of $77K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Penobscot Fund's EIN?
The Penobscot Fund's EIN (Employer Identification Number) is 20-5236735. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Penobscot Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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