William Penn Foundation
- Assets
- $0.0
- Revenue
- $175.8m
- Investments
- $3.2b
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/1947
- Data as of
- 12/2020
- EIN
- 23-1503488
Organization Overview
William Penn Foundation is located in Philadelphia, PA. The organization was established in 1947. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Penn Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, William Penn Foundation generated $175.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $122.8m during the year ending 12/2020. While expenses have increased by 2.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William Penn Foundation has awarded 3,222 individual grants totaling $511,197,998. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madoe Htun Chief Investment Officer | 40 | $1,060,572 | |
Shawn Mccaney Executive Director | 40 | $424,800 | |
Amy Chan Director Of Investme | 40 | $387,279 | |
Jeffrey Jackman Director Of Investme | 40 | $356,658 | |
John Cross Director Of Investme | 40 | $355,446 | |
Dane Kline Director Of Investme | 40 | $258,918 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adage Capital Management | 12/30/21 | $1,282,800 |
Frontier Capital Management Co Llc | 12/30/21 | $1,093,027 |
Primecap Management Company | 12/30/21 | $1,023,855 |
Walter Scott & Partners Ltd | 12/30/21 | $1,088,271 |
Acadian Asset Management Llc | 12/30/21 | $951,813 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,364 |
| Interest on Savings | $28 |
| Dividends & Interest | $18,383,076 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $175,834,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,664,816 |
| Pension plans, employee benefits | $772,899 |
| Depreciation | $364,244 |
| Occupancy | $493,368 |
| Travel, conferences, and meetings | $127,708 |
| Printing and publications | $31,512 |
| Total operating and administrative expenses | $25,622,334 |
| Contributions, gifts, grants paid | $97,173,918 |
| Total expenses and disbursements | $122,796,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,389,699,667 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $16,313,748 |
Grants Awarded
Over the last fiscal year, William Penn Foundation has awarded $256,758,127 in support to 1,628 organizations.
| Grant Recipient | Amount |
|---|---|
Jenkintown, PA PURPOSE: IMPLEMENT THE REBUILD INITIATIVE | $49,369,000 |
Jenkintown, PA PURPOSE: IMPLEMENT THE REBUILD INITIATIVE | $17,581,000 |
Philadelphia, PA PURPOSE: CONSTRUCTION OF PENN'S LANDING PARK | $14,000,000 |
Reston, VA PURPOSE: ALLIANCE FOR WATERSHED EDUCATION | $3,500,000 |
OPEN SPACE INSTITUTE LAND TRUST INC PURPOSE: PHASE 2 DRWI LAND PROTECTION CAPITAL RE-GRANT FUND | $2,702,140 |
Reston, VA PURPOSE: ALLIANCE FOR WATERSHED EDUCATION | $2,692,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Wood Johnson Foundation Princeton, NJ | $14,837,880,900 | $1,125,174,588 |
Rockefeller Foundation New York, NY | $7,467,445,865 | $704,223,491 |
Simons Foundation Inc New York, NY | $4,513,699,772 | $129,477,470 |
Bloomberg Family Foundation Inc New York, NY | $0 | $1,259,941,914 |
Leona M & Harry B Helmsley Charitable Trust New York, NY | $8,313,587,896 | $723,181,306 |
Jp Morgan Chase Foundation New York, NY | $675,856,149 | $488,434,024 |
Genzyme Charitable Foundation Inc Bridgewater, NJ | $0 | $207,296,108 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA | $2,648,950,543 | $383,215,006 |
Doris Duke Charitable Foundation Inc New York, NY | $2,668,517,046 | $296,413,800 |
Shelby Cullom Davis Charitable Fund Inc Wilmington, DE | $2,798,959,665 | $325,311,650 |
Hillman Family Foundations Pittsburgh, PA | $2,323,141,190 | $264,701,739 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |