William N Pennington Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $481.8M in total assets. In 2024, it awarded 1 grants totaling $33.3M. Net investment income was $21.9M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$481.8M
-1.7% YoY
Annual Giving
$33.3M
+5.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$33.3M
+5.6% YoY
About William N Pennington Foundation
Based on IRS filings
William N Pennington Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $481.8M in total assets. In 2024, it awarded 1 grants totaling $33.3M. Net investment income was $21.9M.
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 | $481,770,822 | $490,037,210 | $507,344,159 |
| Revenue | $31,499,388 | $13,768,618 | $23,381,110 |
| Expenses | $33,519,966 | $33,593,329 | $36,935,497 |
| Qualifying Distributions | $34,870,955 | $33,078,784 | $37,667,974 |
| Net Investment Income | $21,930,751 | $8,831,487 | $16,156,690 |
| Distributable Amount | $32,792,956 | $31,247,322 | $31,567,545 |
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
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD P BANIS | CO-PRESIDENT | 20 | $300,000 |
| FRED V SCARPELLO | CO-PRESIDENT | 20 | $300,000 |
| RACQUEL BRIDGEWATER | SECRETARY/GRANTS MANAGER | 40 | $180,900 |
| GRANT D ANDERSON III | TREASURER/CFO | 40 | $300,000 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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