Timothy M Pennington IV
Timothy M Pennington IV is a private foundation, based in Los Angeles, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $367K in total assets. In 2024, it awarded 1 grant totaling $70K. Net investment income was $15K.
Timothy M Pennington IV at a glance
In short: Timothy M Pennington IV gave $70K across 1 grant in 2024 (avg $70K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $70,000
- +141.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $70,000
- +141.4% vs 2023
- Median grant
- $70,000
- Total assets
- $367,249
- -12.0% vs 2023
- Primary geography
- California (100% 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 Timothy M Pennington IV funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Boy Scouts of America ($70K).
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 the 2024 grant dollars on its one itemized grant.
States
Cities
How Timothy M Pennington IV gives
- Giving grew 536% from 2021 to 2024. Method
- In 2024 it paid out 234% 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 2020 to 2024, annual grant giving ranged from $11K (2021) to $70K (2024). In 2024 it made 1 grant totaling $70K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boy Scouts of America Arroyo Grande, CA | To Further Tax Exempt Purpose of the Organization | $70,000 |
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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 | $367,249 | $21,912 | $72,085 | $70,000 | 1 | $70,000 | $14,837 | $29,906 |
| 2023 | $417,422 | $21,014 | $30,317 | $29,000 | 1 | $29,000 | $14,697 | $27,962 |
| 2022 | $426,725 | $4,118 | $28,483 | $27,000 | 1 | $27,000 | $10,520 | $29,097 |
| 2021 | $462,090 | $18,384 | $16,807 | $11,000 | 1 | $13,172 | $9,721 | $29,655 |
| 2020 | $449,513 | $18,532 | $30,864 | $25,000 | 1 | — | $9,887 | $27,031 |
Under IRS private-foundation payout rules, Timothy M Pennington IV reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Timothy M Pennington IV is led by Melissa J. Pennington, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Melissa J. Pennington
President
On filings since 2020
0.5 hrs/week
No compensation reported
Timothy M. Pennington III
Chairman
On filings since 2020
0.5 hrs/week
No compensation reported
Angela S. Pennington
Vice President & Secretary
On filings since 2020
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Timothy M Pennington IV
How much does Timothy M Pennington IV give each year?
Timothy M Pennington IV gave $70K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $29K across 1 grant.
How large is Timothy M Pennington IV?
Timothy M Pennington IV reported $367K in total assets on its 2024 IRS Form 990-PF. It paid out $70K in qualifying distributions that year, against a required minimum of $30K (roughly 5% of its investment assets).
Where does Timothy M Pennington IV operate?
Timothy M Pennington IV has awarded grants in California.
What is Timothy M Pennington IV's EIN?
Timothy M Pennington IV's EIN (Employer Identification Number) is 95-4462051. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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