Penner Family Foundation Inc
The Penner Family Foundation Inc is a private grantmaking foundation located in Bentonville, Arkansas. Established in 2015, it is a 501(c)(3) organization that has grown into a significant philanthropic entity with substantial financial resources. The foundation does not maintain a public website and operates with limited public disclosure of its specific funding priorities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$97.3M
-18.1% YoY
Annual Giving
$31.3M
+8.5% YoY
Grant Count
82
+6.5% YoY
Avg Grant Size
$382K
+1.9% YoY
Mission & Focus Areas
The foundation supports a diverse range of causes without a formally specified focus area. However, recent grantmaking activity indicates support for higher education and education-related initiatives, as evidenced by major grants to universities and educational organizations.
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$1,000 to $9,000,000
Average Grant
Varies by year
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Geographic Focus
Where this funder awards grants
The foundation funds organizations across multiple states, including California, Colorado, New York, Texas, Florida, Georgia, Hawaii, Illinois, Massachusetts, Montana, New Hampshire, New Jersey, Rhode Island, Washington, and Wisconsin. It has supported both major urban centers and smaller communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- $97,278,509 (as of December 2024)
- $118.7 million to $144.8 million (varies by reporting source and fiscal year)
Annual Activity:
- Total giving (2024): $31,313,738
- Total expenses (2024): $32,329,858
- Revenue (2024): $10,886,348
- Giving rate: Approximately 22.6% of assets
Tax Status:
- Tax-exempt since January 2017
- EIN: 81-0831228
- Form 990-PF filer
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $97,278,509 | $118,722,019 | $144,796,399 |
| Revenue | $10,886,348 | $3,892,554 | $15,459,133 |
| Expenses | $32,329,858 | $29,966,934 | $16,770,556 |
| Qualifying Distributions | $31,657,575 | $29,005,368 | $15,702,720 |
| Net Investment Income | $10,214,119 | $3,956,177 | $14,515,842 |
| Distributable Amount | $6,505,918 | $7,344,840 | $7,302,246 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Carrie W Penner – Director, President
- Gregory B Penner – Director, Vice President, Secretary, Treasurer
- Erron Smith – Assistant Secretary
- Luke Mitchell – Assistant Treasurer (as of December 15, 2023)
- Robert A Smith – Assistant Treasurer (until December 15, 2023)
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
The foundation has made significant commitments to higher education institutions in recent years, including major pledges to Brown University, Stanford University, Georgetown University, and Howard University. The foundation's grantmaking demonstrates a focus on educational access, athletic facilities, and educational leadership programs.
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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