The Penobscot Fund
The Penobscot Fund is a private foundation, based in Brooklyn, NY. IRS filing data is available from 2019 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.
The Penobscot Fund at a glance
In short: The Penobscot Fund gave $150K across 3 grants in 2024 (avg $50K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $150,000
- +0.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $50,000
- +0.0% vs 2023
- Median grant
- $50,000
- Total assets
- $1,407,275
- -0.4% vs 2023
- Primary geography
- New York (67% 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 Penobscot Fund funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Center for Reproductive Rights ($50K). Together the top 3 received $150K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was in the $50–100K range: 10 grants of 19 (53%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The Penobscot Fund gives
- In 2024 it paid out 195% of its IRS minimum distribution (the 5% rule). 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 2019 to 2024, annual grant giving ranged from $146K (2019) to $193K (2020). In 2024 it made 3 grants totaling $150K.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | $1,407,275 | $148,944 | $166,229 | $150,000 | 3 | $150,000 | $148,944 | $77,114 |
| 2023 | $1,413,416 | $67,883 | $168,304 | $150,000 | 3 | $150,000 | $67,883 | $76,112 |
| 2022 | $1,513,837 | $110,051 | $172,655 | $150,000 | 3 | $150,000 | $110,051 | $74,568 |
| 2021 | $1,576,441 | $102,671 | $21,665 | — | — | — | $102,671 | $91,614 |
| 2020 | $1,495,435 | $93,409 | $211,186 | $192,500 | 10 | — | $93,409 | $85,583 |
| 2019 | $1,613,212 | $177,926 | $165,076 | $146,000 | 25 | — | $47,265 | $77,413 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Penobscot Fund's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Eugene Bradley Meyer
Trustee
On filings since 2019
1 hr/week
No compensation reported
Jacob B. Meyer
Trustee
On filings since 2019
1 hr/week
No compensation reported
Nathaniel S. Meyer
Trustee
On filings since 2019
1 hr/week
No compensation reported
Nicholas D. Meyer
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Penobscot Fund
How much does The Penobscot Fund give each year?
The Penobscot Fund gave $150K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $150K across 3 grants.
What is The Penobscot Fund's typical grant size?
The Penobscot Fund's median grant in 2024 was $50,000, and its average grant was $50,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Penobscot Fund give grants?
The Penobscot Fund gives mostly in New York: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (33%). The most frequent recipient cities were New York, NY (2 grants).
Does The Penobscot Fund give general operating support?
Yes: 100% of The Penobscot Fund's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is The Penobscot Fund?
The Penobscot Fund reported $1.4M in total assets on its 2024 IRS Form 990-PF. It paid out $150K in qualifying distributions that year, against a required minimum of $77K (roughly 5% of its investment assets).
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 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 18, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 30, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 21, 2026)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 3, 2025)
- IRS filings on file for fiscal years 2019–2024
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