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Richard And Patricia Penske Foundation is a private corporation based in BATH, PA. The foundation received its IRS ruling in 1997. It holds total assets of $59K. Annual income is reported at $11K. Total assets have decreased from $120K in 2011 to $65K 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 2016 to 2023. According to available records, Richard And Patricia Penske Foundation has made 8 grants totaling $38K, with a median grant of $6K. Annual giving has grown from $6K in 2020 to $11K in 2023. Grantmaking activity was highest in 2022 with $14K distributed across 2 grants. Individual grants have ranged from N/A to $11K, with an average award of $5K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Pennsylvania and Vermont and Michigan. 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.
Richard And Patricia Penske Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in PA, VT, MI.
Richard And Patricia Penske Foundation has distributed a total of $38K across 8 grants. The median grant size is $6K, with an average of $5K. Individual grants have ranged from N/A to $11K.
Richard And Patricia Penske Foundation typically selects its grantees rather than accepting unsolicited proposals.
Richard And Patricia Penske Foundation is headquartered in BATH, PA. While based in PA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard H Penske | PRESIDENT | $0 | $0 | N/A |
| Patricia L Penske | VICE PRESIDENT | $0 | $0 | N/A |
| Crislyn A Sheeler | TREASURER | $0 | $0 | N/A |
| Victoria L Aitchison | SECRETARY | $0 | $0 | N/A |
Total Giving
$15K
Total Assets
$65K
Fair Market Value
$94K
Net Worth
$65K
Grants Paid
$11K
Contributions
N/A
Net Investment Income
$6K
Distribution Amount
$5K
Total Grants
8
Total Giving
$38K
Average Grant
$5K
Median Grant
$6K
Unique Recipients
4
Most Common Grant
$7K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| United Way Of The Greater Lehigh ValleyCHARITABLE CONTRIBUTION | Allentown, PA | $11K | 2023 |
| Hillsdale CollegeCHARITABLE CONTRIBUTION | Hillsdale, MI | N/A | 2023 |
| Keewaydin FoundationCHARITABLE CONTRIBUTION | Salisbury, VT | $500 | 2021 |
| Platt Caddie ScholarshipCHARITABLE CONTRIBUTION | Broomall, PA | $100 | 2021 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA