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EIN 27-4648290

Penske Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Bloomfield Hills
State
Michigan
Year formed
2012
Most recent tax filings
2023-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Penske Foundation is a corporate foundation that is located in Bloomfield Hills, MI. It made 10 grants last year and its grantees include Mayo Clinic. It is supported by Roger S and Kathryn H Penske.
Total revenues
$101,468,070
2023
Total expenses
$2,435,497
2023
Total assets
$116,040,672
2023
Num. employees
0
2023

Grants made by Penske Foundation

GranteeGrant descriptionAmount
Henry Ford Health (HFHS)General$1,000,000
The Detroit Institute of ArtsGeneral$500,000
Mayo ClinicGeneral$500,000
...and 6 more grants made

Personnel at Penske Foundation

NameTitleCompensation
Angela BroaddusTreasurer$0
Mary Lou PernicanoPast Treasurer$0

Financials for Penske Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$100,944,884
Investment income and dividends$523,186
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$101,468,070

Form 990s for Penske Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-10990PFView PDF
2022-122023-04-15990PFView PDF
2021-122022-03-19990PFView PDF
2020-122021-06-17990PFView PDF
2019-122020-08-21990PRView PDF
...and 7 more Form 990s

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MassMutual FoundationSpringfield, MA$36,320,000
Caterpillar FoundationPeoria, IL$72,859,942
Nike FoundationBeaverton, OR$37,139,601
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Hildebrand FoundationHouston, TX$48,426,674
Data update history
June 21, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 15, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 13, 2023
Updated personnel
Identified 1 new personnel
October 7, 2021
Posted financials
Added Form 990PF for fiscal year 2020
August 18, 2021
Posted financials
Added Form 990R for fiscal year 2019
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
2555 Telegraph Rd
Bloomfield Hills, MI 48302
Metro area
Detroit-Warren-Dearborn, MI
County
Oakland County, MI
Phone
(248) 648-2400
IRS details
EIN
27-4648290
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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