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Private Foundation · MI · Corporate Foundations

Penske Foundation Inc

Bloomfld Hls, MI  ·  EIN 274648290  ·  Website (ProPublica) ↗  ·  990s on ProPublica ↗

Assets

$215.2M

Total Giving

$8.2M

Grants on File

53

Average Grant

$154K

Giving Radius

Where Penske Foundation Inc Has Given

AK — no grants on file AL — no grants on file AR — no grants on file AZ — $55K across 4 grants CA — no grants on file CO — no grants on file CT — no grants on file DC — $1.0M across 1 grant DE — no grants on file FL — no grants on file GA — no grants on file HI — no grants on file IA — no grants on file ID — no grants on file IL — no grants on file IN — $450K across 2 grants KS — no grants on file KY — no grants on file LA — no grants on file MA — $175K across 7 grants MD — no grants on file ME — no grants on file MI — $3.5M across 17 grants MN — $2.0M across 4 grants MO — $250K across 1 grant MS — no grants on file MT — no grants on file NC — $75K across 7 grants ND — no grants on file NE — no grants on file NH — no grants on file NJ — no grants on file NM — no grants on file NV — no grants on file NY — $30K across 3 grants OH — $10K across 1 grant OK — no grants on file OR — no grants on file PA — $50K across 1 grant RI — no grants on file SC — no grants on file SD — no grants on file TN — no grants on file TX — no grants on file UT — no grants on file VA — $600K across 5 grants VT — no grants on file WA — no grants on file WI — no grants on file WV — no grants on file WY — no grants on file
Historical grants to 25 recipients across 12 states. Top concentrations: DETROIT ($3.4M, 12 grants), ROCHESTER ($2.0M, 4 grants), WASHINGTON ($1.0M, 1 grant), ALEXANDRIA ($500K, 4 grants), INDIANAPOLIS ($450K, 2 grants).

Section I

How to Apply

No application guidelines on file — check the foundation's website directly.

On Unsolicited Proposals no

Section IV

Recent Grants

Recipient Amount Year
Detroit Institute of Arts $500K 2020
The Mark Donahue Foundation $10K 2020
Mayo Clinic $500K 2020
Nantucket Dreamland Foundation $25K 2020
Childsafe Michigan $10K 2020
Nantucket Cottage Hospital $100K 2020
Horatio Alger Association of Distinguished Americans INC $100K 2020
United Way of Southern Michigan $125K 2020
Nantucket Conservation Foundation $10K 2020
Tech Force Foundation $25K 2020
Detroit Institute of Arts $500K 2021
Childsafe Michigan $10K 2021
Tech Force Foundation $10K 2021
Nantucket Dreamland Foundation $10K 2021
El Education $10K 2021
Alzheimer's Association $5K 2021
Detroit Symphony Orchestra $10K 2021
Mayo Clinic $500K 2021
Joey Logano Foundation INC $5K 2021
Horatio Alger Association of Distinguished Americans INC $200K 2021
Rileys Children's Foundation $200K 2021
Nantucket Conservation Foundation $10K 2021
Ryan Blaney Family Foundation $5K 2021
Detroit Historical Society $10K 2021
United Way of Southern Michigan $125K 2021

Page 1 of 3 · 53 total

Section VI

Filing History

Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.

Year Total Assets Qualifying Distributions Total Revenue Total Expenses
2023 $116.0M $1.3M $101.5M $2.4M
2022 $17.0M $603K $10.2M $2.7M
2021 $9.4M $337K $5.7M $1.7M
2020 $5.4M $109K $3.9M $1.4M
2019 $2.9M $98K $1.7M $1.6M
2015 $2.4M $152K $2.6M $2.5M
2014 $2.4M $147K $3.2M $3.1M
2013 $2.2M $134K $2.5M $2.5M
2012 $2.2M $113K $1.9M $1.9M
2011 $2.1M $9K $2.1M —

Section VII

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