//
Also known as: MEMORIAL FOUNDATION
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Timothy M Pennington Iv Memorial Foundation is a private corporation based in LOS ANGELES, CA. The foundation received its IRS ruling in 1995. It holds total assets of $367K. Annual income is reported at $131K. 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 2020 to 2024. According to available records, Timothy M Pennington Iv Memorial Foundation has made 5 grants totaling $119K, with a median grant of $27K. The foundation has distributed between $11K and $54K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $54K distributed across 2 grants. Individual grants have ranged from $11K to $29K, with an average award of $24K. Grant recipients are concentrated in California. 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.
Timothy M Pennington Iv Memorial Foundation 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 CA.
Timothy M Pennington Iv Memorial Foundation has distributed a total of $119K across 5 grants. The median grant size is $27K, with an average of $24K. Individual grants have ranged from $11K to $29K.
Timothy M Pennington Iv Memorial Foundation typically selects its grantees rather than accepting unsolicited proposals.
Timothy M Pennington Iv Memorial Foundation is headquartered in LOS ANGELES, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Angela S Pennington | VICE PRES. & SECRETARY | $0 | $0 | N/A |
| Melissa J Pennington | PRESIDENT | $0 | $0 | N/A |
| Timothy M Pennington Iii | CHAIRMAN | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$367K
Fair Market Value
N/A
Net Worth
$367K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
5
Total Giving
$119K
Average Grant
$24K
Median Grant
$27K
Unique Recipients
1
Most Common Grant
$27K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boy Scouts Of AmericaTO FURTHER TAX EXEMPT PURPOSE OF THE ORGANIZATION | Arroyo Grande, CA | $29K | 2023 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA