Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
SHARON AND CLAUDE B PENNINGTON
FAMILY FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)7349 BOCAGE BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BATON ROUGE, LA70809
A Employer identification number

81-5336145
B Telephone number (see instructions)

(225) 937-7593
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$37,440,682J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 120,634 116,948 120,634
4 Dividends and interest from securities... 1,220,344 1,220,344 1,220,344
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
1,162,675
b Gross sales price for all assets on line 6a 19,289,043
7 Capital gain net income (from Part IV, line 2)... 133,777
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-49,763 3,982 -49,763
12 Total. Add lines 1 through 11........ 2,453,890 1,475,051 1,291,215
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 31,250      
15 Pension plans, employee benefits....... 2,479      
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,883      
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
246,933      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
10,444      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
57,665      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 350,654 0   0
25 Contributions, gifts, grants paid....... 3,138,212 3,138,212
26 Total expenses and disbursements. Add lines 24 and 25 3,488,866 0   3,138,212
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,034,976
b Net investment income (if negative, enter -0-) 1,475,051
c Adjusted net income (if negative, enter -0-)... 1,291,215
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,054,075 1,633,501 1,633,501
2 Savings and temporary cash investments.........   2,638,890 2,638,890
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 25,311,967 Click to see attachment
List of Attached Documents:
// Content
29,145,884 		29,145,884
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,443,372 Click to see attachment
List of Attached Documents:
// Content
4,022,407 		4,022,407
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,809,414 37,440,682 37,440,682
Liabilities 17 Accounts payable and accrued expenses.......... 137 415
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 137 415
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 32,809,277 37,440,267
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 32,809,277 37,440,267
30 Total liabilities and net assets/fund balances (see instructions). 32,809,414 37,440,682
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
32,809,277
2
Enter amount from Part I, line 27a .....................
2
-1,034,976
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
7,373,530
4
Add lines 1, 2, and 3 ..........................
4
39,147,831
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,707,564
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
37,440,267
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 133,777
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 20,503
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 20,503
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 20,503
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 7,600
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 264
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 13,167
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowSCBPF.ORG
14
The books are in care ofright arrowCLAUDE PENNINGTON Telephone no.right arrow (225) 937-7593

Located atright arrow7349 BOCAGE BLVDBATON ROUGELA ZIP+4right arrow70809
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CLAUDE PENNINGTON OFFICER
000.00 		0 0 0
7349 BOCAGE BLVD
BATON ROUGE,LA70809
SHARON PENNINGTON OFFICER
000.00 		0 0 0
7349 BOCAGE BLVD
BATON ROUGE,LA70809
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
27,228,925
b
Average of monthly cash balances.......................
1b
3,163,232
c
Fair market value of all other assets (see instructions)................
1c
4,022,407
d
Total (add lines 1a, b, and c).........................
1d
34,414,564
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
34,414,564
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
516,218
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
33,898,346
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,694,917
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,694,917
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
20,503
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
20,503
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,674,414
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,674,414
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,674,414
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,138,212
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,138,212
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,674,414
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,473,479
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,138,212
a Applied to 2023, but not more than line 2a 1,473,479
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 1,664,733
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		9,681
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
BILL HODGKINS
10343 SIEGEN LANE
SUITE B1
BATON ROUGE,LA70810
(225) 937-7593
BHODGKINS@PENNINGTONOIL.COM
bThe form in which applications should be submitted and information and materials they should include:
N/A
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
TO BE DETERMINED
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

18TH JUDICIAL DIST ATTORNEYS OFC

PO BOX 880
PLAQUEMINE,LA70765 		    FLOCK CAMERA 30,000

BATON ROUGE EPICUREAN SOCIETY

PO BOX 14178
BATON ROUGE,LA70898 		    FETE ROUGE AWARDS DINNER TABLE 2,000

BATON ROUGE GENERAL FOUNDATION

8595 PICARDY AVE
BATON ROUGE,LA70809 		    RAISE THE BARN SPONSORSHIP 2024 10,000

BROC FOUNDATION

8080 BLUEBONNET ST 1000
BATON ROUGE,LA70810 		    BR ORTHOPEDIC CTR ROCK AND WINE 800

BELLA BOWMAN FOUNDATION

PO BOX 82610
BATON ROUGE,LA70884 		    BELLA'S BALL 2024 SILVER SPONSOR 7,500

CAPITAL REGION CRIME STOPPERS

9000 AIRLINE HIGHWAY
BATON ROUGE,LA70815 		    ANNUAL GIFT 5,000

CAPITAL RENAISSANCE INTL SCHOOL

10420 BARRINGER FOREMAN
BATON ROUGE,LA70809 		    2024 GIFT 15,000

CITY OF PLAQUEMINE POLICE DEPT

PO BOX 329
PLAQUEMINE,LA70765 		    POLICE EQUIPMENT 50,000

CITY OF REFUGE MINISTRIES

32925 BOWIE STREET
WHITE CASTLE,LA70788 		    CORE YOUTH DEVELOPMENT 3,000

CLAW UP BOOSTERS

261 HARDER CROSSING
SHREVEPORT,LA71106 		    2024 GIFT 2,000

COMPANION ANIMAL ALLIANCE

2550 GOURRIER AVE
BATON ROUGE,LA70820 		    FUR BALL 2024 15,000

CYSTIC FIBROSIS FOUNDATION

10101 SIEGEN LANE STE 2A
BATON ROUGE,LA70810 		    CAP CITY FINEST/SLEIGH CYSTIC FIBROS 13,000

EAST BATON ROUGE DISTRICT ATTORNEY

222 ST LOUIS ST STE 550
BATON ROUGE,LA70802 		    2024 ANNUAL GIFTS 260,000

EAST BATON ROUGE SHERIFF'S OFFICE

8900 JIMMY WEDELL BLDG B
BATON ROUGE,LA70807 		    2024 ANNUAL GIFTS 338,638

ENVISION YOUTH GROUP

PO BOX 70780
SUNSHINE,LA70780 		    SUMMER YOUTH OUTREACH PROGRAM 3,000

FOUNDATION FOR WOMAN'S

100 WOMANS WAY
BATON ROUGE,LA70817 		    BUST BREAST CANCER 10,000

HIGHER GROUNDS INTL WORSHIP CTR

23980 FLENIKEN LANE
PLAQUEMINE,LA70764 		    YOUTH ACTIVITY CENTER 3,000

HOPE COMMUNITY OUTREACH MINISTRIES

24125 CALVIN ST
PLAQUEMINE,LA70764 		    HOPE COMM STEAM PROGRAM 3,000

IBERVILLE CHRISTIAN CENTER

4070 HWY 30
ST GABRIEL,LA70776 		    MOTORS COURSE/SWAT EQUIPMENT 69,345

IRIS DOMESTIC VIOLENCE CENTER

PO BOX 52809
BATON ROUGE,LA70892 		    UNMASKING DOMESTIC VIOLENCE 5,000

KNOCK KNOCK CHILDREN'S MUSEUM

1900 DALRYMPLE DR
BATON ROUGE,LA70808 		    STORYBOOK SOIREE SPONORSHIP 5,000

LOUISIANA SPORTS HALL OF FAME FOUND

500 FRONT ST
NATCHITOCHES,LA71457 		    2024 ANNUAL GIFT 3,109

LSU POLICE DEPARTMENT

204 SOUTH STADIUM RD
BATON ROUGE,LA70803 		    EXPLOSIVE ORDIANCE K9 100,000

MISSION OUTREACH FOR CHRIST CORP

PO BOX 159
WHITE CASTLE,LA70788 		    BACK TO SCHOOL BARBECUE 3,000

MOUNT ZION BAPTIST CHURCH II

59700 SEXTON DR
PLAQUEMINE,LA70764 		    COMMUNITY OUTREACH INITIATIVE 122,500

MOUNT ZION INNER CITY

24400 ELEANOR DR
PLAQUEMINE,LA70764 		    YOUTH DEVELOPMENT 3,000

MT CYRENE BAPTIST CHURCH

25159 DUBLIEUX ST
PLAQUEMINE,LA70764 		    SUMMER READING AND MATH CAMP 3,000

MT ZION BAPTIST CHURCH 1

PO BOX 547
PLAQUEMINE,LA70765 		    ZION ONE SUMMER ENRICHMENT 3,000

OLD MT OLIVE BAPTIST CHURCH

17760 HWY 77
GROSSE TETE,LA70740 		    IBERVILLE OUTREACH PROGRAM 3,000

OUR LADY OF THE LAKE FOUNDATION

PO BOX 84357
BATON ROUGE,LA70884 		    THE BIG BASH 2024 5,000

POINT PLEASANT BAPTIST CHURCH

27800 LA 405
PLAQUEMINE,LA70764 		    PPBC SUMMER ENRICHMENT 3,000

ST JAMES EPISCOPAL DAY SCHOOL

445 CONVENTION ST
BATON ROUGE,LA70802 		    THE ERAS SOIREE: PRESENTING SPONSOR 20,000

ST JOHN SCHOOL

24250 REGINA ST
PLAQUEMINE,LA70764 		    ART PROGRAM: PHASE I, II, AND III 30,000

ST JOHN THE BAPTIST CHURCH

PO BOX 301
WHITE CASTLE,LA70788 		    IBERVILE OUTREACH PROGRAM 3,000

ST JOHN BAPTIST CHURCH

58105 CAPTAIN TT HARRIS
PLAQUEMINE,LA70764 		    YOUTH DEVELOPMENT 3,000

ST LUKE FAMILY CHRISTIAN CENTER

58615 HOOVER ST
PLAQUEMINE,LA70764 		    SUMMER ENRICHMENT PROGRAM 3,000

THE EMERGE CENTER

7784 INNOVATION PARK DR
BATON ROUGE,LA70820 		    GALA PRESENTING SPONSORSHIP 2024 50,000

TRUE HOPE MISSIONARY BAPTIST

24915 B HIGHWAY 1
PLAQUEMINE,LA70764 		    YOUTH SUMMER PROGRAM 3,000

UNITED CAJUN NAVY

2053 WEST MAGNA CARTA PLC
BATON ROUGE,LA70815 		    2024 ANNUAL GIFTS 1,279,437

UNIVERSITY LABORATORY SCHOOL

45 DALRYMPLE DRIVE
BATON ROUGE,LA70803 		    VIP LOUNGE SPONSOR 12,000

DOUGLAS MANSHIP THEATRE

100 LAFAYETTE ST
BATON ROUGE,LA70801 		    2024 ANNUAL GIFT 5,000

ARTS COUNCIL OF GREATER BATON ROUGE

233 SAINT FERDINANST
BATON ROUGE,LA70802 		    MPAC 2024 1,932

BATON ROUGE EPICUREAN SOCIETY

PO BOX 14178
BATON ROUGE,LA70898 		    17TH ANNUAL EB FETE 950

UNIVERSITY OF TX MD ANDERSON CANCER

PO BOX 4486
HOUSTON,TX77210 		    WHISK AWAY GASTRIC CANCER-HOLLY CLEG 971

WE ARE THE DIFFERENCE

58015 PLAQUEMINE ST
PLAQUEMINE,LA70764 		    IBERVILLE OUTREACH PROGRAM 3,000

WEST BATON ROUGE SHERIFF'S OFFICE

850 8TH STREET
PORT ALLEN,LA70767 		    2024 ANNUAL GIFTS 618,030

WORD OF TRUTH NEW LIFE CENTER

57360 CPL HERMAN BROWN JR
BAYOU GOULA,LA70788 		    COMMUNITY & YOUTH PROJECT 3,000

ZION FIELD EVANGELISTIC MINISTRIES

PO BOX 828
PLAQUEMINE,LA70765 		    ZION FIELD BUILDING FUNDS 3,000
Total .................................right arrow 3a 3,138,212
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 120,634  
4 Dividends and interest from securities ....     14 1,220,344  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 3,982  
8 Gain or (loss) from sales of assets other than
inventory ............ 		  302,800 14 859,875  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aENERGY TRANSFER RENTAL 		    14 -56  
bEQUITAS EVERGREEN     14 2,129  
cENERGY TRANSFER LP 900001 -3,041 14    
dPLAINS ALL AMERICAN LP 900001 -1,186 14    
eWESTERN MIDSTREAM LP 900001 -12,095 14    
fENTERPRISE PRODUCTS PARTNER 900001 -5,858 14    
gEQUITAS EVERGREEN 900001 -32,619 14    
hGENESIS ENERGY LP 900001 -12,657 14    
iMAN-AHL DIVIERSIFIED LP 900001 7,434 14    
jMPLX LP 900001 -4,225 14    
kRREF III DEBT DIVERSIFIED L 900001 11,480 14    
lNIGHTDRAGON GROWTH I, LP 900001 -3,051 14    
12 Subtotal. Add columns (b), (d), and (e) .. 246,982 2,206,908  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,453,890
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 GainLossSaleOtherAssetsSch
Name:
SHARON AND CLAUDE B PENNINGTON
 
FAMILY FOUNDATION
EIN:
81-5336145
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
WHITEBOX 2024-01 PURCHASE 2024-12   130,055       130,055  
PERSHING 2024-01 PURCHASE 2024-12   14,007,656 13,853,752     153,904  
UBS 21458 2024-01 PURCHASE 2024-12   18,462 16,019     2,443  
UBS 21458 2023-01 PURCHASE 2024-12   517,693 451,746     65,947  
UBS 21460 2024-01 PURCHASE 2024-12   1,441 1,325     116  
UBS 21460 2023-01 PURCHASE 2024-12   75,439 38,875     36,564  
UBS 21461 2024-01 PURCHASE 2024-12   30,489 27,542     2,947  
UBS 21461 2023-01 PURCHASE 2024-12   211,653 146,435     65,218  
UBS 21462 2023-01 PURCHASE 2024-12   12,629 1,742     10,887  
UBS 21463 2024-01 PURCHASE 2024-12   3,485 2,191     1,294  
UBS 21463 2023-01 PURCHASE 2024-12   50,213 41,524     8,689  
UBS 21930 2024-01 PURCHASE 2024-12   484,190 482,559     1,631  
MERRILL LYNCH 2024-01 PURCHASE 2024-12   13,053 13,053        
MERRILLLYNCH 2023-01 PURCHASE 2024-12   192,388 192,388        
MERRILL LYNCH 2024-01 PURCHASE 2024-12   1,973,205 1,963,636   4,947 4,622  
MERRILL LYNCH 2023-01 PURCHASE 2024-12   966,134 888,634     77,500  
PIEDMONT 2023-01 PURCHASE 2024-12   137,850       137,850  
THIRD POINT 2024-01 PURCHASE 2024-12   26,431       26,431  
SHORT-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY         148,580       148,580  
LONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY         154,220       154,220  

TY 2024 InvestmentsCorpStockSchedule
Name:
SHARON AND CLAUDE B PENNINGTON
 
FAMILY FOUNDATION
EIN:
81-5336145
Name of Stock End of Year Book Value End of Year Fair Market Value
  29,145,884 29,145,884

TY 2024 InvestmentsOtherSchedule2
Name:
SHARON AND CLAUDE B PENNINGTON
 
FAMILY FOUNDATION
EIN:
81-5336145
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PUBLIC TRADED PARTNERSHIPS FMV 4,022,407 4,022,407

TY 2024 LegalFeesSchedule
Name:
SHARON AND CLAUDE B PENNINGTON
 
FAMILY FOUNDATION
EIN:
81-5336145
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT LEGAL FEES 1,883      


TY 2024 OtherDecreasesSchedule
Name:
SHARON AND CLAUDE B PENNINGTON
 
FAMILY FOUNDATION
EIN:
81-5336145
Description Amount
DISTRIBUTIONS-PTP 1,707,564


TY 2024 OtherExpensesSchedule
Name:
SHARON AND CLAUDE B PENNINGTON
 
FAMILY FOUNDATION
EIN:
81-5336145
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
ADVERTISING 4,050      
BANK CHARGES 495      
OPERATING EXPENSES 815      
POSTAGE 436      
SOFTWARE 15,000      
CONTRACT LABOR 13,640      
IT SERVICES 8,663      
SUPPLIES 13,597      
TELEPHONE 494      
WEBSITE 475      


TY 2024 OtherIncomeSchedule2
Name:
SHARON AND CLAUDE B PENNINGTON
 
FAMILY FOUNDATION
EIN:
81-5336145
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
UBS 21 21 21
THIRD POINT 3,961 3,961 3,961
ENERGY TRANSFER RENTAL -56   -56
EQUITAS EVERGREEN 2,129   2,129
ENERGY TRANSFER LP -3,041   -3,041
PLAINS ALL AMERICAN LP -1,186   -1,186
WESTERN MIDSTREAM LP -12,095   -12,095
ENTERPRISE PRODUCTS PARTNERS -5,858   -5,858
EQUITAS EVERGREEN -32,619   -32,619
GENESIS ENERGY LP -12,657   -12,657
MAN-AHL DIVIERSIFIED LP 7,434   7,434
MPLX LP -4,225   -4,225
RREF III DEBT DIVERSIFIED LP 11,480   11,480
NIGHTDRAGON GROWTH I, LP -3,051   -3,051


TY 2024 OtherIncreasesSchedule
Name:
SHARON AND CLAUDE B PENNINGTON
 
FAMILY FOUNDATION
EIN:
81-5336145
Description Amount
TRANSFERRED ASSETS 785,462
UNREALIZED GAINS 6,588,068


TY 2024 OtherProfessionalFeesSchedule
Name:
SHARON AND CLAUDE B PENNINGTON
 
FAMILY FOUNDATION
EIN:
81-5336145
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BROKER MANAGEMENT FEES 141,933      
CONSULTING FEE 105,000      


TY 2024 TaxesSchedule
Name:
SHARON AND CLAUDE B PENNINGTON
 
FAMILY FOUNDATION
EIN:
81-5336145
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LICENSE FEE 15      
FORIGN TAXES PAID 10,429