Funder DirectoryPENSKE FOUNDATION INC
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Private foundation (trust)EIN 274648290Est. 2012-03

PENSKE FOUNDATION INC

BLOOMFIELD HILLS, MI 483020954

Total Assets

$128.3M

FY 2023

Annual Giving

$2.4M

FY 2023

Grants Made

10

FY 2023

Avg Grant

$243K

FY 2023

Grant Range

$10K–$1M

Typical

Deadlines

Applications

Focus Areas

Corporate Foundations

Financial Snapshot

2023 filing

Total Revenue

$101.5M

Total Expenses

$2.4M

Qualifying Distributions

$2.4M

Distributable Amount

$1.3M

Min. Investment Return

$1.3M

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

10 grants

Grant sizes from minimum $10K through median $63K to maximum $1M, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

5 years

Giving over time from 2018 to 2023. Peak $2.7M in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

64 grants

DETROIT INSTITUTE OF ARTS
$2.5M
5 grants
MAYO CLINIC
$2.5M
5 grants
HENRY FORD HEALTH
$1M
1 grant
PARALYZED VETERANS OF AMERICA
$1M
1 grant
HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC
$600K
5 grants
UNITED WAY OF SOUTHERN MICHIGAN
$375K
3 grants
INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC
$250K
1 grant
BIRTHSTONE CORPORATION
$250K
1 grant

Grant Size Distribution

64 grants

<$10K
27
grants
$10–50K
9
grants
$50–250K
16
grants
$250K–1M
12
grants
$1–5M
$5M+

Geographic Focus

12 states

Michigan
$4.0M
41% of total
Minnesota
$2.5M
26% of total
District of Columbia
$1M
10% of total
Virginia
$700K
7% of total
Indiana
$450K
5% of total
Massachusetts
$425K
4% of total
Missouri
$250K
3% of total
North Carolina
$130K
1% of total
New York
$80K
1% of total
Arizona
$80K
1% of total

+2 more states

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PENSKE FOUNDATION INC — Grants, Financials & Contact | Grantivo