Penske Foundation Inc | Foundation Profile
GrantBay analyzes IRS Form 990-PF data to help grant seekers find fit funders like Penske Foundation Inc. Data shown is extracted from Form 990-PF filings.
EIN: 27-4648290
Foundation Overview
Based in Bloomfield Hills, MI, Penske Foundation Inc has awarded 98 grants totaling $16,235,000 to organizations in Massachusetts, Minnesota and 11 other states across the US. Individual grants range from $5,000 to $1,000,000, with a median award of $50,000.
Latest Form 990-PF Snapshot
Foundation Intelligence
Advanced analytics and strategic insights to help nonprofit organizations assess grant opportunities and optimize their application strategies
New Applicant Friendliness
2 of 10 recipients (20%) were new grantees. Foundation strongly favors organizations with proven track records. New partnerships develop slowly over time.
Geographic Focus
Grants are geographically diversified with 33% in Michigan and funding distributed across 13 total locations. This foundation values broad geographic impact and diverse community partnerships. Within Michigan, funding concentrates in Detroit (72%), Madison Heights (19%), Ann Arbor (6%).
Funding Trajectory
Stable funding levels with 10% change over 7 years indicate consistent grant-making capacity and predictable philanthropic resources. This stability suggests reliable ongoing funding opportunities.
Program Areas
Highly focused on general purposes with 100% of funding dedicated to this sector. This specialization indicates deep expertise and committed investment in the field.
Where is The Money Going?
Grants & Funding
Analyzing past grantees provides valuable insights into Penske Foundation Inc's funding preferences, organizational priorities, and grant making patterns. This historical data helps potential applicants understand the foundation's strategic focus and identify successful funding approaches.
| Name | Amount | Location | Purpose | Year |
|---|---|---|---|---|
| Mayo Clinic | $500,000 | Rochester, MN, US | General | 2023 |
| Tech Force Foundation | $10,000 | Scottsdale, AZ, US | General | 2023 |
| Detroit Institute Of Arts | $500,000 | Detroit, MI, US | General | 2023 |
| Horatio Alger Association Of Distinguished Americans Inc | $100,000 | Alexandria, VA, US | General | 2023 |
| El Education | $10,000 | New York, NY, US | General | 2023 |
| Joey Logano Foundation Inc | $25,000 | Huntersville, NC, US | General | 2023 |
| Detroit Symphony Orchestra | $10,000 | Detroit, MI, US | General | 2023 |
| Ryan Blaney Family Foundation | $25,000 | Concord, NC, US | General | 2023 |
| Indianapolis Motor Speedway Foundation Inc | $250,000 | Indianapolis, IN, US | General | 2023 |
| Henry Ford Health | $1,000,000 | Detroit, MI, US | General | 2023 |
| Nantucket Dreamland Foundation | $10,000 | Nantucket, MA, US | Generalgeneral | 2022 |
| Mayo Clinic | $500,000 | Rochester, MN, US | General | 2022 |
| Nantucket Conservation Foundation | $10,000 | Nantucket, MA, US | General | 2022 |
| Tech Force Foundation | $10,000 | Scottsdale, AZ, US | General | 2022 |
| Childsafe Michigan | $10,000 | Madison Heights, MI, US | General | 2022 |
| United Way Of Southern Michigan | $125,000 | Detroit, MI, US | General | 2022 |
| Detroit Institute Of Arts | $500,000 | Detroit, MI, US | General | 2022 |
| Horatio Alger Association Of Distinguished Americans Inc | $100,000 | Alexandria, VA, US | General | 2022 |
| El Education | $10,000 | New York, NY, US | General | 2022 |
| Joey Logano Foundation Inc | $5,000 | Huntersville, NC, US | General | 2022 |
| Detroit Symphony Orchestra | $10,000 | Detroit, MI, US | General | 2022 |
| Ryan Blaney Family Foundation | $5,000 | Concord, NC, US | General | 2022 |
| Regents Of The University Of Michigan | $25,000 | Ann Arbor, MI, US | General | 2022 |
| Paralyzed Veterans Of America | $1,000,000 | Washington, DC, US | General | 2022 |
| Navy Seal Foundation | $100,000 | Virginia Beach, VA, US | General | 2022 |
| Birthstone Corporation | $250,000 | Kirkwood, MO, US | General | 2022 |
| Nantucket Dreamland Foundation | $10,000 | Nantucket, MA, US | Generalgeneral | 2022 |
| Mayo Clinic | $500,000 | Rochester, MN, US | General | 2022 |
| Nantucket Conservation Foundation | $10,000 | Nantucket, MA, US | General | 2022 |
| Tech Force Foundation | $10,000 | Scottsdale, AZ, US | General | 2022 |
| Childsafe Michigan | $10,000 | Madison Heights, MI, US | General | 2022 |
| United Way Of Southern Michigan | $125,000 | Detroit, MI, US | General | 2022 |
| Detroit Institute Of Arts | $500,000 | Detroit, MI, US | General | 2022 |
| Horatio Alger Association Of Distinguished Americans Inc | $100,000 | Alexandria, VA, US | General | 2022 |
| El Education | $10,000 | New York, NY, US | General | 2022 |
| Joey Logano Foundation Inc | $5,000 | Huntersville, NC, US | General | 2022 |
| Detroit Symphony Orchestra | $10,000 | Detroit, MI, US | General | 2022 |
| Ryan Blaney Family Foundation | $5,000 | Concord, NC, US | General | 2022 |
| Regents Of The University Of Michigan | $25,000 | Ann Arbor, MI, US | General | 2022 |
| Paralyzed Veterans Of America | $1,000,000 | Washington, DC, US | General | 2022 |
| Navy Seal Foundation | $100,000 | Virginia Beach, VA, US | General | 2022 |
| Birthstone Corporation | $250,000 | Kirkwood, MO, US | General | 2022 |
| Nantucket Dreamland Foundation | $10,000 | Nantucket, MA, US | Generalgeneral | 2021 |
| Mayo Clinic | $500,000 | Rochester, MN, US | General | 2021 |
| Nantucket Conservation Foundation | $10,000 | Nantucket, MA, US | General | 2021 |
| Tech Force Foundation | $10,000 | Scottsdale, AZ, US | General | 2021 |
| Childsafe Michigan | $10,000 | Madison Heights, MI, US | General | 2021 |
| United Way Of Southern Michigan | $125,000 | Detroit, MI, US | General | 2021 |
| Detroit Institute Of Arts | $500,000 | Detroit, MI, US | General | 2021 |
| Alzheimer's Association | $5,000 | Southfield, MI, US | General | 2021 |
| Horatio Alger Association Of Distinguished Americans Inc | $200,000 | Alexandria, VA, US | General | 2021 |
| Detroit Historical Society | $10,000 | Detroit, MI, US | General | 2021 |
| El Education | $10,000 | New York, NY, US | General | 2021 |
| Joey Logano Foundation Inc | $5,000 | Huntersville, NC, US | General | 2021 |
| Checkered Flag Foundation | $5,000 | Statesville, NC, US | General | 2021 |
| Detroit Symphony Orchestra | $10,000 | Detroit, MI, US | General | 2021 |
| Rileys Children's Foundation | $200,000 | Indianapolis, IN, US | General | 2021 |
| Ryan Blaney Family Foundation | $5,000 | Concord, NC, US | General | 2021 |
| National Philanthropic Trust - Race Against Dementia | $50,000 | Jenkintown, PA, US | General | 2021 |
| Nantucket Dreamland Foundation | $25,000 | Nantucket, MA, US | Generalgeneral | 2020 |
| Mayo Clinic | $500,000 | Rochester, MN, US | General | 2020 |
| Nantucket Conservation Foundation | $10,000 | Nantucket, MA, US | General | 2020 |
| Tech Force Foundation | $25,000 | Scottsdale, AZ, US | General | 2020 |
| Childsafe Michigan | $10,000 | Madison Heights, MI, US | General | 2020 |
| United Way Of Southern Michigan | $125,000 | Detroit, MI, US | General | 2020 |
| Detroit Institute Of Arts | $500,000 | Detroit, MI, US | General | 2020 |
| Nantucket Cottage Hospital | $100,000 | Nantucket, MA, US | General | 2020 |
| Horatio Alger Association Of Distinguished Americans Inc | $100,000 | Alexandria, VA, US | General | 2020 |
| The Mark Donahue Foundation | $10,000 | Lewis Center, OH, US | General | 2020 |
| Nantucket Dreamland Foundation | $125,000 | Nantucket, MA, US | Generalgeneral | 2018 |
| Mayo Clinic | $500,000 | Rochester, MN, US | General | 2018 |
| Nantucket Conservation Foundation | $25,000 | Nantucket, MA, US | General | 2018 |
| Tech Force Foundation | $25,000 | Scottsdale, AZ, US | General | 2018 |
| Childsafe Michigan | $10,000 | Madison Heights, MI, US | General | 2018 |
| Detroit Institute Of Arts | $500,000 | Detroit, MI, US | General | 2018 |
| Nantucket Cottage Hospital | $100,000 | Nantucket, MA, US | General | 2018 |
| Horatio Alger Association Of Distinguished Americans Inc | $100,000 | Alexandria, VA, US | General | 2018 |
| Detroit Historical Society | $10,000 | Detroit, MI, US | General | 2018 |
| El Education | $50,000 | New York, NY, US | General | 2018 |
| Joey Logano Foundation Inc | $55,000 | Huntersville, NC, US | General | 2018 |
| Nantucket Dreamland Foundation | $125,000 | Nantucket, MA, US | Generalgeneral | 2017 |
| Mayo Clinic | $400,000 | Rochester, MN, US | General | 2017 |
| Nantucket Conservation Foundation | $25,000 | Nantucket, MA, US | General | 2017 |
| Tech Force Foundation | $25,000 | Scottsdale, AZ, US | General | 2017 |
| Childsafe Michigan | $10,000 | Madison Heights, MI, US | General | 2017 |
| Habitat For Humanity Detroit | $50,000 | Detroit, MI, US | General | 2017 |
| Detroit Institute Of Arts | $500,000 | Detroit, MI, US | General | 2017 |
| Nantucket Cottage Hospital | $100,000 | Nantucket, MA, US | General | 2017 |
| Horatio Alger Association Of Distinguished Americans Inc | $350,000 | Alexandria, VA, US | General | 2017 |
| The Mark Donahue Foundation | $100,000 | Lewis Center, OH, US | General | 2017 |
| Detroit Historical Society | $10,000 | Detroit, MI, US | General | 2017 |
| George W Bush Presidential Center | $1,000,000 | Dallas, TX, US | General | 2016 |
| Mayo Clinic | $400,000 | Rochester, MN, US | General | 2016 |
| Tech Force Foundation | $25,000 | Scottsdale, AZ, US | General | 2016 |
| United Way Of Southern Michigan | $125,000 | Detroit, MI, US | General | 2016 |
| Habitat For Humanity Detroit | $50,000 | Detroit, MI, US | General | 2016 |
| Detroit Institute Of Arts | $500,000 | Detroit, MI, US | General | 2016 |
| Nantucket Cottage Hospital | $100,000 | Nantucket, MA, US | General | 2016 |
Foundations Similar to Penske Foundation Inc
Discover 5 foundations with comparable assets ($82,141,217-$147,060,567), similar grant patterns, and geographic focus in MI that may also align with your organization's funding needs and grant seeking strategy.
| Foundation Name | Total Assets | Typical Grant Size | Service Area | Similarity Match |
|---|---|---|---|---|
|
Steelcase Foundation
EIN: 38-6050470 | 335 grants awarded |
$126,164,413
(≈ Similar) |
$50,000
median grant |
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Same state |
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The D Dan And Betty Kahn Foundation
EIN: 38-2712361 | 190 grants awarded |
$117,437,812
(≈ Similar) |
$50,000
median grant |
Troy, MI
Same state |
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|
The Carls Foundation
EIN: 38-6099935 | 560 grants awarded |
$147,060,567
(≈ Similar) |
$50,000
median grant |
Bloomfield Hills, MI
Same state |
|
|
The Isabel Foundation
EIN: 38-2853004 | 694 grants awarded |
$88,312,914
(↓ Smaller) |
$25,000
median grant |
Flint, MI
Same state |
|
|
Cdv5 Foundation
EIN: 38-3035978 | 492 grants awarded |
$82,141,217
(↓ Smaller) |
$30,000
median grant |
Grand Rapids, MI
Same state |
|
Related Foundation Resources in MI:
Contact Information
Official contact details for Penske Foundation Inc as registered with the IRS. These details are essential for grant applications, correspondence, and due diligence processes.
| EIN | 27-4648290 |
| Website | N/A |
| Address | 2555 S TELEGRAPH RD Bloomfld Hls, MI 48302-0912 |
Key People (8)
Board members, trustees, and key staff who oversee Penske Foundation Inc's grant making decisions and strategic direction. Understanding leadership composition can provide insights into foundation priorities and potential networking opportunities.
| President | Kathryn H Penske |
|---|---|
| Secretary | Lawrence N Bluth |
| Treasurer | Angela Broaddus |
| Director | Roger S Penske Jr |
| Director | Gregory W Penske |
Forms 990-PF
IRS Form 990-PF filings provide comprehensive financial information, grant details, and operational data. These documents are essential resources for understanding foundation capacity, giving patterns, and strategic priorities.
Form 990-PF Research Tips
- Review Part XV for detailed grant recipient information and funding purposes
- Check Part I for total assets, annual giving amounts, and payout requirements
- Examine Part VIII for key personnel compensation and board structure
- Look for trends across multiple years to understand giving patterns
About This Foundation Profile
This comprehensive foundation profile for Penske Foundation Inc is powered by Grant Bay's advanced foundation research platform. Our system analyzes IRS Form 990-PF filings, grant histories, and philanthropic patterns to provide nonprofit organizations with actionable intelligence for grant seeking success.
Data Sources & Accuracy
All information is derived from official IRS filings and public records. Grant Bay processes thousands of Form 990-PF documents to extract grant details, financial data, and organizational information. Data accuracy depends on foundation reporting quality and IRS filing completeness.
Research Applications
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