Penny Foundation

The Penny Foundation is community-ownership, legacy giving, designated funds and smart communities. We are a Birmingham, Alabama-based, 501(c)(3) community chest working to eliminate economic inequality in the Black community. The Foundation connects people, organizations, and resources in the areas of family, community, and economic development. We implement initiatives through the lens of technology and innovation.

Through an assets-based approach and identity-based giving, The Penny Foundation provides access to impactful giving at every level and respects the community’s history of generosity. We serve as a philanthropic vehicle for people to focus their resources in the Black community. The Foundation successfully carries out its mission through developing grants, programs and donor advised funds.

We accomplish our mission through grantmaking, programming and donor advised funds. Our programs, funds and grants are informed by a staff, board of directors and volunteers who have an intimate understanding of the community’s history, culture, politics and population. We serve as a philanthropic vehicle for people to focus their resources in the Black community.