Penner Family Foundation
- Assets
- $146.1m
- Revenue
- $16.0m
- Investments
- $145.9m
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 81-0831228
Organization Overview
Penner Family Foundation is located in Bentonville, AR. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penner Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Penner Family Foundation generated $16.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.6%) each year.
Since 2018, Penner Family Foundation has awarded 228 individual grants totaling $62,535,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Assistant Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walton Enterprises Llc | 12/30/21 | $124,754 |
Goldman Sachs | 12/30/21 | $118,398 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,184,959 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,652,222 |
| Capital Gain Net Income | $11,652,222 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,146,652 |
| Total Revenue | $15,983,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $710,700 |
| Taxes | $555,712 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $673,906 |
| Total operating and administrative expenses | $2,211,122 |
| Contributions, gifts, grants paid | $17,136,000 |
| Total expenses and disbursements | $19,347,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,694 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $145,865,128 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $146,107,822 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Penner Family Foundation has awarded $17,136,000 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: THE DEPARTMENT OF ATHLETICS, PHYSICAL EDUCATION, AND RECREATION PLEDGE | $4,000,000 |
Washington, DC PURPOSE: PENNER FAMILY ENDOWED SCHOLARSHIP AND EXPERIENCES FUNDS | $2,000,000 |
BROWN UNIVERSITY PURPOSE: BROWN UNDERGRADUATE INTERNSHIP AND RESEARCH FUND | $2,000,000 |
BROWN UNIVERSITY PURPOSE: VAN WICKLE SCHOLARSHIP FUND | $2,000,000 |
THE ASIAN AMERICAN FOUNDATION PURPOSE: COMMUNITY & ECONOMIC DEVELOPMENT - GENERAL OPERATING SUPPORT | $1,000,000 |
Arlington, VA PURPOSE: COMMUNITY DEVELOPMENT - GENERAL OPERATING SUPPORT | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |