AI Summary
Penske Foundation Inc is a 501(c)(3) organization that focuses on grantmaking through a relationship-based approach, providing $9.5 million in grants to 31 grantees in 2024. The foundation does not accept unsolicited proposals and operates on an invitation-only basis for funding opportunities. Nonprofits interested in engaging with the foundation can explore warm-introduction pathways through Impala's Funder Prospecting.
Cause Areas
2
News and public information
Foundations
Explore this org's ecosystem
See top causes for this funder's grantees, who else funds them, and their grants.
Explore this org's ecosystem
See top causes for this funder's grantees, who else funds them, and their grants.
Grantee
Total Funding
Funding Share
MAYO CLINIC
$7M
21%
THE DETROIT INSTITUTE OF ARTS
$5M
15%
THE GEORGE W BUSH FOUNDATION
$4M
12%
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Total No. of Grants
18
Median 1st year grant
$100K
Median 2nd year grant
$100K
Top 3 Grants
Matched grants only
Grantee
Grant Size
Frequently Asked Questions
Can I submit an unsolicited grant proposal to PENSKE FOUNDATION INC?
No. PENSKE FOUNDATION INC does not accept unsolicited proposals. Funding is by invitation only.
Where does PENSKE FOUNDATION INC give?
PENSKE FOUNDATION INC primarily gives to organizations located in Michigan, Minnesota, and Indiana. These states represent the largest share of the foundation’s grantmaking by dollars awarded. Additional geographic details are available to registered users.
What size are PENSKE FOUNDATION INC’s grants?
The largest share of grants from PENSKE FOUNDATION INC fall in the $1 million to $5 million range. The median first-year grant is about $100 thousand. More detailed grant size data is available to registered users.
How many grants does PENSKE FOUNDATION INC make each year?
In 2024, PENSKE FOUNDATION INC awarded about 20 grants, totaling nearly $9.5 million. More detailed grant metrics are available to registered users.
Who did PENSKE FOUNDATION INC fund recently?
In 2024, PENSKE FOUNDATION INC awarded grants to about 30 grantees. Recent grantees include MAYO CLINIC, THE DETROIT INSTITUTE OF ARTS, and THE GEORGE W BUSH FOUNDATION. More detailed information on all recent recipients is available to registered users.
How do we apply to PENSKE FOUNDATION INC?
PENSKE FOUNDATION INC does not accept unsolicited proposals. Funding is by invitation only.