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Penn Family Foundation Inc. is a private corporation based in COLTS NECK, NJ. The foundation received its IRS ruling in 2023. The principal officer is James B Penn. It holds total assets of $99K. Annual income is reported at $29K. Total assets have grown from $55K in 2022 to $99K in 2024. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2022 to 2024. According to available records, Penn Family Foundation Inc. has made 5 grants totaling $4K, with a median grant of $500. Individual grants have ranged from $500 to $1K, with an average award of $700. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in Tennessee, Alabama, New York, which account for 60% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Penn Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in TN, AL, NY.
Penn Family Foundation Inc. has distributed a total of $4K across 5 grants. The median grant size is $500, with an average of $700. Individual grants have ranged from $500 to $1K.
Penn Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Penn Family Foundation Inc. is headquartered in COLTS NECK, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James B Penn | MANAGER | $0 | $0 | N/A |
| Gina Penn | MANAGER | $0 | $0 | N/A |
| Joshua Penn | MANAGER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$99K
Fair Market Value
N/A
Net Worth
$98K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
5
Total Giving
$4K
Average Grant
$700
Median Grant
$500
Unique Recipients
5
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Jude Children'S Research HospitalTO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | Memphis, TN | $1K | 2023 |
| Jh IsraelTO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | Birmingham, AL | $1K | 2023 |
| The Heal FoundationTO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | Ponte Vedra Beach, FL | $500 | 2023 |
| FulfillTO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | Neptune, NJ | $500 | 2023 |
| Tunnel To Towers FoundationTO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | Staten Island, NY | $500 | 2023 |