Penske Foundation
At a glance
This funder does not accept unsolicited applications. The foundation chooses the organisations it funds itself.
Key takeaways
- The filing says the foundation makes contributions only to preselected charitable organisations and does not accept unsolicited requests, so a cold application from a small charity is unlikely to be considered.
- Its grants are mostly modest: about 8 in 10 fall between $10,000 and $1,000,000, half of its grants to organisations are $100,000 or less, and the median is $100,000, although its largest grant was $2,250,000, so the typical band is not a ceiling.
- About 65% of its grant dollars in the most recent filing went to organisations it had also funded in one of the two earlier filings, which suggests that existing ties to the foundation matter more than a fresh approach.
- The filing states no geographic focus; the grants it lists mainly go to Michigan, Minnesota, Indiana, the District of Columbia and New York, but that describes where grants have gone, not who may apply.
Overview
Penske Foundation is a US private foundation based in Bloomfield Hills, MI.
What they fund
Profile based on the foundation's IRS Form 990-PF filings (TY2024, TY2023, TY2022) only: no website or other web source for the foundation was found. Every statement is checked against the filings. Sources read on 7 October 2026.
Priority Areas
The foundation's filings show grants for general purposes to a varied group of public charities. Recipients include healthcare providers, universities, arts and cultural organisations, veterans’ organisations, and other charitable foundations; its grants also reached organisations in education and conservation. The recipient record spans several states, while the filings do not name a geographic priority or a particular field of giving. They do not describe eligibility criteria or a route by which charities can request support. The filing states that contributions go only to preselected charitable organisations and that unsolicited requests are not accepted.
Geographic Focus
No geographic focus is stated; the filings show grants mainly in Michigan, Minnesota, Indiana, District of Columbia and New York.
How to apply
The filing says the foundation makes contributions only to preselected charitable organisations and does not accept unsolicited requests.
Application success factors
- Repeat giving: In its TY2024 filing, 65% of its grant dollars to organisations went to organisations it had also funded in its TY2022 or TY2023 filing.
- Grant size: Across its TY2022, TY2023 and TY2024 filings, half of its 44 grants to organisations were $100,000 or less.
Where grants go
From grants to organisations in the foundation’s filings for tax years 2022–2024.
Grant dollars by state
6 other states: 7%
- The largest single recipient received 21% of grant dollars to organisations.
- In tax year 2024, 65% of grant dollars went to organisations Penske Foundation had funded in earlier filings.
- No grants were paid directly to organisations outside the US.
- <1% of grant dollars went to intermediaries that regrant to other organisations.
Grants
How much do they typically give?
Share of 18 grants in tax year 2024 by size
Median $100k (tax year 2024)
The largest grants to organisations in the foundation’s latest filing:
- Indianapolis Motor Speedway Foundation · General$2,250,0002024 tax year
- Mayo Clinic · General$2,000,0002024 tax year
- Henry Ford Health · General$1,000,0002024 tax year
- Children's Foundation · General$1,000,0002024 tax year
- Ucla Foundation · General$1,000,0002024 tax year
- Tunnels To Towers Foundation · General$1,000,0002024 tax year
- Paralyzed Veterans of America · General$500,0002024 tax year
- Cornell University · General$125,0002024 tax year
Grants to organisations listed in the foundation’s Form 990-PF filings. Grants to individuals are not shown.
Officers and directors
- Blair Penske Hall — Director
- Jay C Penske — Director
- Mark H Penske — Director
- Gregory W Penske — Director
- Roger S Penske JR — Director
- Angela Broaddus — Treasurer
- Lawrence N Bluth — Secretary
- Kathryn H Penske — President
From the latest Form 990-PF filing
3 years of tax filings
| Year | Total expenses | Grants paid | Assets | Filing document |
|---|---|---|---|---|
| 2022 tax year | $2,674,470 | $2,670,000 | $19,952,104 | Filing for 2022 tax year |
| 2023 tax year | $2,435,497 | $2,430,000 | $128,287,812 | Filing for 2023 tax year |
| 2024 tax year | $9,502,203 | $9,470,000 | $225,042,472 | Filing for 2024 tax year |
Figures from the foundation’s IRS Form 990-PF filings. Assets are at fair market value at year end. The document icon links to each year’s filing on ProPublica Nonprofit Explorer.
Sources
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At a glance
Applying to Penske Foundation?
Hinchilla drafts your answers around this funder's priorities, using your organisation's own documents.
No credit card required
Contact
- Bloomfield Hills, MI
Applying to Penske Foundation?
Hinchilla drafts your answers around this funder's priorities, using your organisation's own documents.
No credit card required
Contact
- Bloomfield Hills, MI