Timothy M Pennington Iv is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $70K. Net investment income was $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$367K
-12.0% YoY
Annual Giving
$70K
+141.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$70K
+141.4% YoY
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.
About Timothy M Pennington Iv
Based on IRS filings
Timothy M Pennington Iv is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $70K. Net investment income was $15K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $367,249 | $417,422 | $426,725 |
| Revenue | $21,912 | $21,014 | $4,118 |
| Expenses | $72,085 | $30,317 | $28,483 |
| Qualifying Distributions | $70,000 | $29,000 | $27,000 |
| Net Investment Income | $14,837 | $14,697 | $10,520 |
| Distributable Amount | $29,906 | $27,962 | $29,097 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boy Scouts of America ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOY SCOUTS OF AMERICA ARROYO GRANDE, CA | TO FURTHER TAX EXEMPT PURPOSE OF THE ORGANIZATION | $70,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TIMOTHY M PENNINGTON III | CHAIRMAN | 0.5 | — |
| MELISSA J PENNINGTON | PRESIDENT | 0.5 | — |
| ANGELA S PENNINGTON | VICE PRES. & SECRETARY | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Timothy M Pennington Iv?
Timothy M Pennington Iv is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ANGELES, CA. It holds $367K in total assets as of 2024.
How large is Timothy M Pennington Iv?
As of 2024, Timothy M Pennington Iv holds $367K in total assets with $22K in annual revenue. It awarded 1 grants totaling $70K in 2024.
Where does Timothy M Pennington Iv operate?
Timothy M Pennington Iv has awarded grants in California.
What size grants does Timothy M Pennington Iv award?
In 2024, Timothy M Pennington Iv awarded 1 grants totaling $70K — an average of about $70K per grant, based on its IRS Form 990 filings.
How much is Timothy M Pennington Iv required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Timothy M Pennington Iv reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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