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.
Key facts about The Penrod Foundation
In short: The Penrod Foundation gave $167K across 5 grants in 2025 (avg $33K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- EIN
- 54-1969024
- Latest 990 filing
- Form 990-PF, 2025
- 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)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$459K
Annual Giving
$167K
Grant Count
5
Avg Grant Size
$33K
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 5 grants totaling $167K.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 |
|---|---|
| Total Assets | $459,240 |
| Revenue | $255,026 |
| Expenses | $172,826 |
| Qualifying Distributions | $166,600 |
| Net Investment Income | — |
| Distributable Amount | $31,328 |
Data update history
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)
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 September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Penrod Foundation by hand.
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