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Pg Penske Foundation Inc. is a private corporation based in EL MONTE, CA. The foundation received its IRS ruling in 2018. The principal officer is Gregory W Penske. It holds total assets of $812K. Annual income is reported at $294K. Total assets have grown from $274K in 2019 to $695K in 2023. The foundation is governed by 4 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 2018 to 2023. The foundation primarily funds organizations in California, New York and New Jersey. According to available records, Pg Penske Foundation Inc. has made 43 grants totaling $1.4M, with a median grant of $10K. The foundation has distributed between $375K and $573K annually from 2020 to 2022. Grantmaking activity was highest in 2021 with $573K distributed across 18 grants. Individual grants have ranged from $3K to $350K, with an average award of $32K. The foundation has supported 26 unique organizations. The foundation primarily supports organizations in California, New York, Pennsylvania, which account for 77% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$54K
Largest Grant
$350K
Based on 8 grants from the most recent 990-PF filing.
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.
Pg Penske Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 43 grants. Its grantmaking reaches organizations primarily in CA, NY, PA.
Pg Penske Foundation Inc. has distributed a total of $1.4M across 43 grants. The median grant size is $10K, with an average of $32K. Individual grants have ranged from $3K to $350K.
Pg Penske Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Pg Penske Foundation Inc. is headquartered in EL MONTE, CA. While based in CA, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gregory W Penske | CHAIRMAN | $0 | $0 | N/A |
| Sophia Penske | SECRETARY | $0 | $0 | N/A |
| Nicholas Penske | TREASURER | $0 | $0 | N/A |
| Patricia Durham Penske | PRESIDENT | $0 | $0 | N/A |
Total Giving
$503K
Total Assets
$695K
Fair Market Value
$1.3M
Net Worth
$695K
Grants Paid
$503K
Contributions
$450K
Net Investment Income
$31K
Distribution Amount
$60K
Total: $624K
Total Grants
43
Total Giving
$1.4M
Average Grant
$32K
Median Grant
$10K
Unique Recipients
26
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ucla DevelopmentGENERAL | Los Angeles, CA | $350K | 2022 |
| Ready To SucceedGENERAL | Santa Monica, CA | $25K | 2022 |
| Vision To LearnGENERAL | Los Angeles, CA | $15K | 2022 |
| United In HarmonyGENERAL | Los Angeles, CA | $10K | 2022 |
| Saint John'S Health Center FoundationGENERAL | Santa Monica, CA | $10K | 2022 |
| Harlem LacrosseGENERAL | New York, NY | $10K | 2022 |
| John Dyniewski FoundationGENERAL | Marlton, NJ | $10K | 2022 |
| La Conservation CorpsGENERAL | Los Angeles, CA | $5K | 2022 |
| Cornell UniversityGENERAL | Ithaca, NY | $175K | 2021 |
| The Episcopal AcademyGENERAL | Newtown Square, PA | $50K | 2021 |
| Villa Esperanza ServicesGENERAL | Pasadena, CA | $40K | 2021 |
| Boulder Crest RetreatGENERAL | Bluemont, VA | $40K | 2021 |
| Allies For Every ChildGENERAL | Culver City, CA | $25K | 2021 |
| National Kidney FoundationGENERAL | New York, NY | $20K | 2021 |
| Friends Of Golf IncGENERAL | Los Angeles, CA | $20K | 2021 |
| The Peterson Automotive Museum FoundationGENERAL | Los Angeles, CA | $15K | 2021 |
| Southeast Ventura County YmcaGENERAL | Westlake Village, CA | $10K | 2021 |
| Beebe Medical FoundationGENERAL | Lewes, DE | $10K | 2021 |
| Indianapolis Motor Speedway Foundation IncGENERAL | Indianapolis, IN | $10K | 2021 |
| MetavivorGENERAL | Annapolis, MD | $5K | 2021 |
| The John Thomas Dye SchoolGENERAL | Los Angeles, CA | $4K | 2021 |
| Harvard-Westlake SchoolGENERAL | Studio City, CA | $4K | 2021 |
| Tom Coughlin Jay Fund FoundationGENERAL | Jacksonville Beach, FL | $10K | 2020 |
| Westside Food BankGENERAL | Santa Monica, CA | $5K | 2020 |
| Christian Center Of Park CityGENERAL | Park City, UT | $5K | 2020 |
| Lynne Cohen FoundationGENERAL | Santa Monica, CA | $3K | 2020 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA