The Penrod Foundation
The Penrod Foundation is a private foundation, based in Virginia Beach, VA. IRS filing data is available for 2025. As of 2025, the organization holds $459K in total assets. In 2025, it awarded 5 grants totaling $167K.
The Penrod Foundation at a glance
In short: The Penrod Foundation gave $167K across 5 grants in 2025 (avg $33K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $166,600
- Grants made (2025)
- 5
- Average grant
- $33,320
- Median grant
- $5,000
- Total assets
- $459,240
- Primary geography
- Virginia (97% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who The Penrod Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was William A Hunton YMCA ($150K). Together the top 5 received $167K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How The Penrod Foundation gives
- In 2025 it paid out 532% 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
In 2025 it made 5 grants totaling $167K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| William A Hunton YMCA Norfolk, VA | Program Services | $150,000 |
| CLMSC Virginia Beach, VA | Program Services | $6,000 |
| Hope Health Action Bethlehem, PA | Program Services | $5,000 |
| An Achievable Dream Newport News, VA | Program Services | $5,000 |
| St Nicholas Greek Orthodox Church Virginia Beach, VA | Program Services | $600 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $459,240 | $255,026 | $172,826 | $166,600 | 5 | $166,600 | $31,328 |
Under IRS private-foundation payout rules, The Penrod Foundation reported a distributable amount of $31K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Penrod Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Edward A Heidt Jr.
Trustee
New on the 2025 filing
0.3 hrs/week
No compensation reported
Timothy Heidt
Trustee
New on the 2025 filing
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2025. "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 Penrod Foundation
How much does The Penrod Foundation give each year?
The Penrod Foundation gave $167K across 5 grants in 2025, according to its 2025 IRS Form 990-PF.
What is The Penrod Foundation's typical grant size?
The Penrod Foundation's median grant in 2025 was $5,000, and its average grant was $33,320, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Penrod Foundation give grants?
The Penrod Foundation gives mostly in Virginia: 97% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Virginia Beach, VA (2 grants).
Does The Penrod Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on The Penrod Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Services" (5 grants).
Who are The Penrod Foundation's largest grantees?
The Penrod Foundation's largest 2025 grantees include William A Hunton YMCA ($150,000), CLMSC ($6,000) and Hope Health Action ($5,000), according to its 2025 IRS Form 990-PF. Together they received 97% of its itemized 2025 grant dollars.
How large is The Penrod Foundation?
The Penrod Foundation reported $459K in total assets on its 2025 IRS Form 990-PF. It paid out $167K in qualifying distributions that year, against a required minimum of $31K (roughly 5% of its investment assets).
What is The Penrod Foundation's EIN?
The Penrod Foundation's EIN (Employer Identification Number) is 54-1969024. IRS Form 990 filing data is available on this page for 2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
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