Penske Foundation Inc
Preselected recipients only
Penske Foundation Inc is a private foundation in Bloomfield Hills, Michigan. In tax year 2025 it gave $10.8 million in 29 grants; the typical grant was $125,000 and the largest $2.0 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$10.8 million
- Number of grants29
- Typical grant$125,000
- Largest grant$2.0 million
- Assets$232 million
- New grantees69%
Giving in 2025 was up from $9.5 million the year before.
69% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $2.4 million | 10 | $128 million |
| 2024 | $9.5 million | 18 | $225 million |
| 2025 | $10.8 million | 29 | $232 million |
How to apply
Penske Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Penske Foundation Inc funds
Where it gives
Its grants went to recipients in 15 states, the most to Michigan.
| State | Grants | Amount |
|---|---|---|
| Michigan | 8 | $5.7 million |
| Indiana | 3 | $1.3 million |
| Minnesota | 3 | $1.1 million |
| California | 1 | $1.0 million |
| Texas | 2 | $500,000 |
| Vermont | 1 | $250,000 |
| North Carolina | 2 | $200,000 |
| Massachusetts | 2 | $175,000 |
| Virginia | 1 | $150,000 |
| Nevada | 1 | $100,000 |
Grants paid in 2025
Officers and trustees
- Kathryn H Penske
- Blair Penske Hall
- Lawrence N Bluth
- Angela Broaddus
- Gregory W Penske
- Mark H Penske
- Jay C Penske
- Roger S Penske Jr
Questions people ask
Does Penske Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Penske Foundation Inc give?
$10.8 million in tax year 2025, across 29 grants, with a typical grant of $125,000.
Who runs Penske Foundation Inc?
Its 2025 filing lists Kathryn H Penske (Co-President), Blair Penske Hall (Co-President), Lawrence N Bluth (Secretary) and Angela Broaddus (Treasurer) among 8 officers and trustees.
What does Penske Foundation Inc fund?
Based on its grants, mainly health, education and youth programs.