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William N Pennington Foundation is a private corporation based in RENO, NV. The foundation received its IRS ruling in 2019. It holds total assets of $481.8M. Annual income is reported at $92M. The foundation operates in the area of philanthropy & grantmaking. According to available records, William N Pennington Foundation has made 4 grants totaling $129.6M, with a median grant of $32.4M. Annual giving has grown from $28.5M in 2020 to $72.5M in 2022. Individual grants have ranged from $28.5M to $36.3M, with an average award of $32.4M. Grant recipients are concentrated in Nevada. Contributions to this foundation are tax-deductible.
William N Pennington Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NV.
William N Pennington Foundation has distributed a total of $129.6M across 4 grants. The median grant size is $32.4M, with an average of $32.4M. Individual grants have ranged from $28.5M to $36.3M.
The application deadline is APPLICATION FOR GRANTS ARE ACCEPTED THOUGHOUT THE YEAR.. UNLESS INITIATED BY THE DIRECTORS, NEVADA IS THE ONLY GEOGRAPHIC AREA SERVICED. THE CHARITABLE FIELDS ARE LIMITED TO EDUCATION, COMMUNITY SERVICES, HEALTH CARE AND MEDICAL RESEARCH.
William N Pennington Foundation is headquartered in RENO, NV.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Fred V Scarpello | CO-PRESIDENT | $300K | $0 | $300K |
| Richard P Banis | CO-PRESIDENT | $300K | $0 | $300K |
| Grant D Anderson Iii | TREASURER/CFO | $277K | $0 | $277K |
| Racquel Bridgewater | SECRETARY/GRANTS MANAGER | $167K | $0 | $167K |
Total Giving
$33.6M
Total Assets
$490M
Fair Market Value
$669.3M
Net Worth
$484.6M
Grants Paid
$28.1M
Contributions
$0
Net Investment Income
$8.8M
Distribution Amount
$31.2M
Total: $138.8M
Total Grants
4
Total Giving
$129.6M
Average Grant
$32.4M
Median Grant
$32.4M
Unique Recipients
1
Most Common Grant
$36.3M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Statements 18 & 20SEE STATEMENTS 18 & 20 | Reno, NV | $36.3M | 2022 |
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