Penske Foundation Inc
Bloomfield Hills, Michigan · EIN 274648290 · Private foundation
Penske Foundation Inc is a private foundation based in Bloomfield Hills, Michigan. Its most recent IRS Form 990-PF reports $1.4M in grants paid and $5.4M in total assets. Bespoke Grants tracks 58 individual grants from this funder — $9.7M awarded across 2017–2023 — including its support for arts & culture. Below is its full funding profile.
What Penske Foundation Inc funds
Penske Foundation Inc's giving carries a documented focus on arts & culture, education, health care.
Populations it has supported include families.
Grant history
The largest grants Bespoke Grants has on record for Penske Foundation Inc, by amount:
| Recipient | Location | Grant | Year |
|---|---|---|---|
| Henry Ford Health GENERAL | Detroit, MI | $1.0M | 2023 |
| Paralyzed Veterans of America GENERAL | Washington, DC | $1.0M | 2022 |
| Mayo Clinic GENERAL | Rochester, MN | $500K | 2022 |
| Detroit Institute of Arts GENERAL | Detroit, MI | $500K | 2022 |
| Detroit Institute of Arts GENERAL | Detroit, MI | $500K | 2017 |
| Mayo Clinic GENERAL | Rochester, MN | $500K | 2018 |
| Detroit Institute of Arts GENERAL | Detroit, MI | $500K | 2018 |
| Mayo Clinic GENERAL | Rochester, MN | $500K | 2023 |
| Detroit Institute of Arts GENERAL | Detroit, MI | $500K | 2023 |
| Mayo Clinic GENERAL | Rochester, MN | $500K | 2020 |
| Detroit Institute of Arts GENERAL | Detroit, MI | $500K | 2020 |
| Mayo Clinic GENERAL | Rochester, MN | $400K | 2017 |
| Horatio Alger Association of Distinguished Americans Inc GENERAL | Alexandria, VA | $350K | 2017 |
| Birthstone Corporation GENERAL | Kirkwood, MO | $250K | 2022 |
| Indianapolis Motor Speedway Foundation Inc GENERAL | Indianapolis, IN | $250K | 2023 |
Penske Foundation Inc giving by year
Total grants Bespoke Grants has indexed for each filing year:
How to apply for funding from Penske Foundation Inc
Penske Foundation Inc's public IRS filing does not spell out a formal application process. Foundations of this size often give primarily to organizations they already know, so a concise letter of inquiry or a warm introduction is usually the best first contact — not a full proposal.
Is Penske Foundation Inc the right funder for your nonprofit?
This page shows what Penske Foundation Inc has funded. Bespoke Grants tells you whether it fits your mission — and finds every other foundation that does. Free, no credit card.
Match my nonprofit to funders →Frequently asked questions about Penske Foundation Inc
- Does Penske Foundation Inc accept grant applications?
- Penske Foundation Inc's public filing does not specify an application process. A brief letter of inquiry or a warm introduction is usually the best first step with a private foundation of this size.
- What does Penske Foundation Inc fund?
- Penske Foundation Inc's grants focus on arts & culture. Recent recipients include Henry Ford Health, Paralyzed Veterans of America, Mayo Clinic. Its full grant history is listed above.
- How much does Penske Foundation Inc give in grants?
- Penske Foundation Inc reported $1.4M in grants in its most recent IRS filing (FY2020). Across all years in our data it has awarded $9.7M over 58 grants.
- Where is Penske Foundation Inc located?
- Penske Foundation Inc is based in Bloomfield Hills, Michigan. Its IRS employer identification number (EIN) is 274648290.
- How can I find foundations similar to Penske Foundation Inc?
- Bespoke Grants matches your nonprofit against 225,000+ foundations like Penske Foundation Inc, ranking each by how well it fits your mission, location, and budget — with the reasoning shown. It is free to search.
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