The Pentecost Foundation
The Pentecost Foundation is a private independent foundation established in 2012 and based in Bradenton, Florida. Designated as a 501(c)(3) organization, it operates as a family foundation focused on philanthropic giving across multiple cause areas including cancer research, anti-human trafficking initiatives, mental health and addiction recovery, disaster relief, and support for churches and communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$62.9M
-14.5% YoY
Annual Giving
$36.2M
+180.6% YoY
Grant Count
19
+35.7% YoY
Avg Grant Size
$1.9M
+106.8% YoY
Mission & Focus Areas
The foundation's guiding philosophy is "Be bold and redefine normal," reflecting a commitment to creating meaningful change rather than accepting the status quo. The foundation's primary funding priorities include:
- Cancer Research: Particularly pediatric cancer and multiple myeloma research, influenced by Mark Pentecost's personal cancer diagnosis
- Anti-Human Trafficking: Efforts to combat sex trafficking and support victims
- Mental Health and Addiction Recovery: Support for addiction treatment and mental health initiatives
- Disaster Relief: Emergency response and recovery support
- Religious and Community Support: Grassroots support for churches and community organizations
Grantmaking
The Pentecost Foundation maintains an exceptionally high charitable disbursement rate of 97.4%, demonstrating a strong commitment to deploying its resources for impact.
Grant Range
$250,000 to $15 million
Invitation Only
Invitation-only; the foundation does not accept unsolicited applications and makes grants exclusively to preselected organizations
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Geographic Focus
Where this funder awards grants
The foundation maintains a national geographic focus with a strong presence in Florida. Known funding activity extends to Georgia and North Carolina, with support for organizations across multiple U.S. cities and states including Colorado, Illinois, Indiana, New Jersey, Texas, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue (2023):
- Total assets: $73.6 million
- Total revenues: $12.7 million
- Total expenses: $13.5 million
- Total liabilities: $0
Funding Composition (2023):
- Grants and contributions: $2.7 million
- Investment income and dividends: $1.3 million
- Net gain from sale of non-inventory assets: $8.7 million
The foundation maintains zero employees and operates with a high expense ratio relative to revenue, reflecting its commitment to deploying capital for charitable purposes.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $62,890,141 | $73,564,764 | $69,256,009 |
| Revenue | $31,399,819 | $12,653,160 | $17,231,702 |
| Expenses | $37,179,167 | $13,537,604 | $11,155,658 |
| Qualifying Distributions | $36,223,000 | $12,908,910 | $10,403,200 |
| Net Investment Income | $20,758,150 | $9,426,406 | $10,619,443 |
| Distributable Amount | $3,657,321 | $3,431,992 | $3,545,954 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
84 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by trustees Mark Pentecost, Cindy Pentecost, and Kindsey Pentecost, each serving without compensation. Mark and Cindy Pentecost are the founders of IT WORKS! Global. Kindsey Pentecost has been involved in anti-human trafficking work on the front lines before joining the National Center on Sexual Exploitation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK PENTECOST | TRUSTEE | 0.5 | — |
| CINDY PENTECOST | TRUSTEE | 0.5 | — |
| KINDSEY PENTECOST | TRUSTEE | 0.5 | — |
Contact Information
Address: 644 Regatta Way, Bradenton, FL 34208-8438
Phone: 941-981-5444
Website: pentecostgroup.com/foundation/
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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