RENO, NV
William N Pennington Foundation
Quick Facts
- EIN
- 371904998
- Location
- RENO, NV
- Category
- Philanthropy & Grantmaking
- Total Assets
- $481.8M
- Annual Income
- $92M
- IRS Ruling Year
- 2019
- Organization Type
- Corporation
- Tax Deductibility
- Contributions are deductible
About This Foundation
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. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$33.6M
2023-9%
Total Assets
$490M
2023-3%
Fair Market Value
$669.3M
2023
Net Worth
$484.6M
2023
Grants Paid
$28.1M
2023
Contributions
$0
2023
Net Investment Income
$8.8M
2023
Distribution Amount
$31.2M
2023
Total Giving by Year
$19.6M
19$34.3M
20$39.7M
21$36.9M
22$33.6M
23Asset Growth
$503.9M
19$502.2M
20$527.4M
21$507.3M
22$490M
23Investment Portfolio (2023)
Total: $138.8M
Corporate Stock: $33.5M
Corporate Bonds: $85.8M
Government Obligations: $19.5M
Other Investments: $338.5M
Corporate Stock (7%)
Corporate Bonds (18%)
Government Obligations (4%)
Other Investments (71%)
Expense Breakdown (2023)
Grants Paid$28.1M
Officer Compensation$1.1M
Pension & Benefits$131K
Depreciation$37K
Legal Fees$11K
Accounting Fees$7K
Travel & Conferences$3K
Revenue Sources (2023)
- Dividends
- $11.8M
- Other Income
- $1.6M
- Interest
- $636K
- Capital Gains (Net)
- $-321,421
Financial Details (2023)
- Total Revenue
- $13.8M
- Total Expenses
- $33.6M
- Exempt Purpose Expenses
- $33.1M
- Required Distribution
- $31.2M
- Undistributed Income
- $0
- Grants Approved (Future)
- $5.5M
- Total Liabilities
- $5.5M
- Excise Tax
- $123K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
3
Total Giving
$93.4M
Average Grant
$31.1M
Median Grant
$28.6M
Total Giving by Year
$28.5M (1 grants)
20$28.6M (1 grants)
21$36.3M (1 grants)
22Grant Range
Min$28.5M
Max$36.3M
Median: $28.6M
Smallest grantLargest grant
Openness to New Grantees (2022)
0%
of 2022 grantees were first-time recipients
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
NV: $93.4M (3)
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
NV$93.4M (3)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Statements 18 & 20SEE STATEMENTS 18 & 20 | Reno, NV | $36.3M | 2022 |
| See Statements 18 & 20SEE STATEMENTS 18 & 20 | Reno, NV | $28.6M | 2021 |
| See Statements 18 & 20SEE STATEMENTS 18 & 20 | Reno, NV | $28.5M | 2020 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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