Private foundation · EIN 27-4648290 · Bloomfld Hls, Michigan · Philanthropy & grantmaking

Penske Foundation Inc

Should you approach them?

Don't send a cold proposal. The foundation reports that it only gives to preselected organizations; an introduction through a current grantee or board member is the realistic route.

From the 2025 Form 990-PF: 29 grants paid, $11M total, median $125K. 28% of grants stayed in Michigan.

Accepts applications
No
per 990-PF Part XV
Grants paid, 2025
29
$11M
Median grant
$125K
Stays in MI
28%
of grants
Deadline
—
Assets
$219M

Grants paid in 2025

29 grants, all shown · from Form 990-PF Part XV

RecipientPurposeAmount
Henry Ford HealthDetroit, MIGeneral$2.0M
Oakland CountyPontiac, MIGeneral$2.0M
Culver Education FoundationCulver, INGeneral$1.0M
Mayo ClinicRochester, MNGeneral$1.0M
Steadfast LA FoundationLos Angeles, CAGeneral$1.0M
The Henry Ford FoundationDearborn, MIGeneral$1.0M
Boys and Girls Club of Southeastern MichiganDetroit, MIGeneral$250K
Cancer Vaccine CoalitionMiddlebury, VTGeneral$250K
Greater Houston Community Foundation Friedkin Disaster Relief FundHouston, TXGeneral$250K
Nxg Youth MotorsportsIndianapolis, INGeneral$250K
The National Medal of Honor FoundationArlington, TXGeneral$250K
United Way of Southern MichiganDetroit, MIGeneral$250K
Michigan Science CenterDetroit, MIGeneral$200K
Horatio Alger Association of Distinguished Americans IncAlexandria, VAGeneral$150K
Boston UniversityBoston, MAGeneral$125K
Easy Day FoundationLas Vegas, NVGeneral$100K
Joey Logano Foundation IncHuntersville, NCGeneral$100K
Ryan Blaney Family FoundationConcord, NCGeneral$100K
Shattuck- St Mary's SchoolFaribualt, MNGeneral$100K
St Jude Children's Research HospitalMemphis, TNGeneral$100K
Conquer Paralysis NowIndianapolis, INGeneral$83K
Brunsick SchoolGreenwich, CTGeneral$50K
Helen's Pink Sky FoundationMinnetrista, MNGeneral$50K
Nantucket Conservation FoundationNantucket, MAGeneral$50K
National Kidney FoundationNew York, NYGeneral$50K
Family FIRSTTampa, FLGeneral$45K
Detroit Symphony OrchestraDetroit, MIGeneral$10K
Tech Force FoundationPhoenix, AZGeneral$10K
Say DetroitDetroit, MIGeneral$5,000

By state: Michigan 8 · Indiana 3 · Minnesota 3 · California 1 · Texas 2 · Vermont 1

About this foundation

Penske Foundation Inc is a private grantmaking foundation in Bloomfld Hls, Michigan, administered in care of Mary Lou Pernicano, tax-exempt since 2012. Private foundations must pay out roughly 5% of their assets each year, mostly as grants to 501(c)(3) public charities.

All filings on ProPublica

Does Penske Foundation Inc accept grant applications?

No. On its 2025 Form 990-PF the foundation checked that it only makes contributions to preselected organizations. Look for an introduction through a current grantee.

How much does Penske Foundation Inc give each year?

In tax year 2025 it paid $11M across 29 grants, a median of $125K.

Where does Penske Foundation Inc give?

Michigan (8 grants), Indiana (3 grants), Minnesota (3 grants) and elsewhere, per its latest filing.

More foundations near Bloomfld Hls that accept applications

All in Michigan
FoundationBased inGrants paidMedian grantAccepts applicationsAssets
William Davidson Foundationsince 2006 Bloomfld Hls, MI $60M94 grants · 2024 $288KPreselected only $1.5B
A Alfred Taubman Foundationsince 2010 Bloomfld Hls, MI $7.3M101 grants · 2024 $25KPreselected only $212M
The Samuel and Jean Frankel Fine Arts Foundationsince 2002 Bloomfld Hls, MI $9.3M1 grants · 2024 $9.3MPreselected only $139M
Carls Foundationsince 1965 Bloomfld Hls, MI $6.8M39 grants · 2024 $100KYes $129M
The Samuel and Jean Frankel Health and Research Foundationsince 2002 Bloomfld Hls, MI $1.5M26 grants · 2024 $5,000Preselected only $23M
June and Cecil McDole Charitablefundsince 2008 Bloomfld Hls, MI $378K66 grants · 2024 $4,000Preselected only $9.4M
Borsand Family Foundation Incsince 2015 Bloomfld Hls, MI $363K106 grants · 2025 $180Preselected only $6.7M
Michael F McManus Foundationsince 1971 Bloomfld Hls, MI $491K24 grants · 2025 $10KPreselected only $5.1M
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