About Penick Village Foundation
The Penick Village Foundation supports the ongoing care, programs, and services that make Penick Village a sanctuary of warmth and vitality for residents, staff, and the broader community.
Focus Areas
senior servicesresident care and supportemployee scholarships and educationemployee emergency assistanceendowment and capital projects
Funding Style
unrestricted supportgeneral operating supportorganizational sustainabilitycore/operating expenses
Topics
general organizational supportno program-specific focuscapacity/stability-focused
About Penick Village Foundation
Penick Village Foundation Inc directs its giving toward the ongoing care, programs, and services that support Penick Village residents, staff, and the wider community. The clearest signal in the recent record is unrestricted support to Penick Village Inc, including a 2025 general support grant of $757,358 and a 2024 general support grant of $417,585. That pattern points to a funder focused on maintaining operations rather than funding narrow projects. The foundation also uses named programs to support people connected to Penick Village. The Thiede Fund provides emergency assistance and educational loans for employees facing unexpected challenges or education costs, while the Benevolent Assistance Program helps residents avoid relocation because of unforeseen financial hardship. Its active programs also include scholarship support for team members and, in some cases, their children and grandchildren. Across these programs, the foundation combines resident care, employee support, education, and long-term financial stability. The emphasis is on sustaining Penick Village as a continuing community through general operating support, emergency aid, scholarships, and endowment-focused giving.
What Penick Village Foundation Funds
Employee support is one of the foundation’s defined priorities. Through the Thiede Fund, it provides emergency assistance and educational loans to Penick Village employees, covering unexpected challenges and educational costs. The Van Camp Futrell Scholarship Program extends that support to team members and, in some cases, their children and grandchildren, with awards for two- and four-year degrees as well as technical, trade, certificate, workforce training, and professional licensing programs. Resident stability is another clear theme. The Benevolent Assistance Program offers financial assistance so residents do not have to relocate because of unforeseen hardship, linking the foundation’s support directly to continued residency at Penick Village. Long-term sustainability appears in its endowment-related work. The Endowment Fund is designed to safeguard financial health and address future resident needs, and the Honor Walk & Garden Campaign supports the Endowment Fund while commemorating loved ones.
How Penick Village Foundation Gives
Recent grants show a large-support profile: the typical award sits at $526,278 at the 25th percentile, $634,971 at the median, and $696,164 at the 75th percentile. The latest three reported grants all went to Penick Village Inc, which indicates recurring support to the same beneficiary across multiple years rather than one-off awards. The foundation’s active programs include both unsolicited and non-unsolicited channels: the Endowment Fund, Van Camp Futrell Scholarship Program, Honor Walk & Garden Campaign, and Naming Opportunities / Recognition Societies accept unsolicited participation, while the Thiede Fund and Benevolent Assistance Program do not.
Financial Snapshot
Annual Giving
$757K
Total Assets
$3.2M
Total Revenue
$409K
Total Expenses
$910K
Typical Grant Size
Most grants fall between $526K and $696K, with a median of $635K.
25th Percentile
$526K
Median
$635K
75th Percentile
$696K
Geographic Reach
Local1 state funded
About 100% of grants go to recipients in NC.
Funding intensity
LowHigh
Headquarters
Leadership
ALVA S CROMARTIE III
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