The Carol and Rebecca Pennell Foundation
Preselected recipients only
The Carol and Rebecca Pennell Foundation is a private foundation in Denison, Texas. In tax year 2025 it gave $79,800 in 6 grants; the typical grant was $15,000 and the largest $23,300. 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$79,800
- Number of grants6
- Typical grant$15,000
- Largest grant$23,300
- Assets$16,161
- New grantees67%
Giving in 2025 was down from $95,100 the year before.
67% 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 | $174,100 | 6 | $23,049 |
| 2024 | $95,100 | 4 | $16,269 |
| 2025 | $79,800 | 6 | $16,161 |
How to apply
The Carol and Rebecca Pennell Foundation 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 The Carol and Rebecca Pennell Foundation funds
Where it gives
Its US grants went to recipients in 4 states, the most to Texas. It also paid $20,000 in 1 grant to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| Texas | 2 | $25,000 |
| Colorado | 1 | $23,300 |
| Missouri | 1 | $10,000 |
| Mississippi | 1 | $1,500 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Individual | Mission Trips | $23,300 |
| Mexico Ministries Inc | Church building for communities in need | $21,000 |
| Individual | Assistance for children in need | $20,000 |
| BBFI - World Mission Service Center | Missionaries | $10,000 |
| Individual | Assistance for the hungry | $4,000 |
| Lighthouse Children's Home | Assistance for children in need | $1,500 |
Officers and trustees
- Rebecca Ann Pennell
- Jim Bob Walters
- Teresa Meyers
- Sandy Ulmer
- Clay Jones
- Tom Akins
Questions people ask
Does The Carol and Rebecca Pennell Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Carol and Rebecca Pennell Foundation give?
$79,800 in tax year 2025, across 6 grants, with a typical grant of $15,000.
Who runs The Carol and Rebecca Pennell Foundation?
Its 2025 filing lists Rebecca Ann Pennell (Trustee), Jim Bob Walters (Director), Teresa Meyers (Director) and Sandy Ulmer (Director) among 6 officers and trustees.
What does The Carol and Rebecca Pennell Foundation fund?
Based on its grants, mainly faith communities and youth programs.