William N Pennington Foundation

RENO, NV EIN: 37-1904998

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

+0.0% YoY

Avg Grant Size

$33.3M

+5.6% YoY

Under IRS private-foundation payout rules, William N Pennington Foundation reported a distributable amount of $32.8M for 2024 — the minimum it must pay out in qualifying distributions.

About William N Pennington Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Nevada $158.3M (100%)

States

Nevada

Cities

Reno

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include See Statements 16 & 18 ($33,332,942).

Recipient	Purpose	Amount
SEE STATEMENTS 16 & 18 RENO, NV	SEE STATEMENTS 18 & 20	$33,332,942

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

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is William N Pennington Foundation?

William N Pennington Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. It holds $481.8M in total assets as of 2024.

How large is William N Pennington Foundation?

As of 2024, William N Pennington Foundation holds $481.8M in total assets with $31.5M in annual revenue. It awarded 1 grants totaling $33.3M in 2024.

Where does William N Pennington Foundation operate?

William N Pennington Foundation has awarded grants in Nevada.

What size grants does William N Pennington Foundation award?

In 2024, William N Pennington Foundation awarded 1 grants totaling $33.3M — an average of about $33.3M per grant, based on its IRS Form 990 filings.

How much is William N Pennington Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, William N Pennington Foundation reported a distributable amount of $32.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is William N Pennington Foundation's EIN?

William N Pennington Foundation's EIN (Employer Identification Number) is 37-1904998. IRS Form 990 filing data is available on this page for 2020–2024.