Timothy Penny
Profile
Timothy J.
Penny is currently the President & Chief Executive Officer at Southern Minnesota Initiative Foundation since 2007.
He is also the Independent Chairman at Allspring Income Opportunities Fund, Chairman at Allspring Utilities & High Income Fund, Chairman at Allspring Multi-Sector Income Fund, Chairman at Allspring Global Dividend Opportunity Fund, Vice Chairman at Economic Club of Minnesota, and a Director at Adayana, Inc. In his former positions, Mr. Penny served as Vice Chairman at Acdi, Director at Asset Allocation Trust from 2010 to 2018, Trustee at Evergreen International Balanced Income Fund, Trustee at Evergreen Global Dividend Opportunity Fund, Member of the State of Minnesota from 1976 to 1982, Trustee at NorthStar Education Finance, Inc. from 2007 to 2022, and Member of the U.S.
House of Representatives from 1982 to 1994.
He also worked as a Senior Counselor at Himle Horner, Inc.Mr. Penny obtained his undergraduate degree from Winona State University.
Timothy Penny active positions
| Companies | Position | Start |
|---|---|---|
| ALLSPRING MULTI-SECTOR INCOME FUND | Chairman | 2017-12-31 |
| ALLSPRING UTILITIES AND HIGH INCOME FUND | Chairman | 2017-12-31 |
| WELLS FARGO ADVANTAGE FUNDS - ALLSPRING INCOME OPPORTUNITIES FUND | Chairman | 2017-12-31 |
| WELLS FARGO ADVANTAGE FUNDS - ALLSPRING GLOBAL DIVIDEND OPPORTUNITY FUND | Chairman | 2017-12-31 |
The Committee for a Responsible Federal Budget
 The Committee for a Responsible Federal Budget Miscellaneous Commercial ServicesCommercial Services The Committee for a Responsible Federal Budget is an independent, non-profit, bipartisan public policy organization which engages in the addressing of federa budget and fiscal issues. The company was founded by Robert T. Giaimo and Henry Bellmon on June 10, 1981 and is headquartered in Washington, DC. | Chairman | 1994-12-31 |
Adayana, Inc.
 Adayana, Inc. Miscellaneous Commercial ServicesCommercial Services Adayana, Inc. provides human resources and management consulting services. The company was founded by Rajiv Tandon, Charley Grady in 2001 and is headquartered in Indianapolis, IN. | Director/Board Member | - |
Southern Minnesota Initiative Foundation
 Southern Minnesota Initiative Foundation Miscellaneous Commercial ServicesCommercial Services Southern Minnesota Initiative Foundation (SMIF) is a donor-supported foundation that invests in economic growth in the 20 counties of south central and southeastern Minnesota. The non-profit company is based in Owatonna, MN. SMIF's key interests include entrepreneurship, early childhood development, and community vitality. The foundation has invested over $154 million in the region since 1986. SMIF offers various lending options for small to large businesses and has three areas for contributions: General Endowment, Entrepreneur Fund, and Youth Trust Fund. Timothy J. Penny has been the CEO of the company since 2007. | Chief Executive Officer | 2010-01-20 |
| Economic Club of Minnesota | Director/Board Member | 2006-12-31 |
Former positions of Timothy Penny
| Companies | Position | End |
|---|---|---|
NorthStar Education Finance, Inc.
 NorthStar Education Finance, Inc. Finance/Rental/LeasingFinance NorthStar Education Finance, Inc. provides loan to students for education. It also offers Total Higher Education repayment bonus benefit plan and RepayReady, a personalized repayment planning resource to manage student loans after school. The company was founded in 1997 and is headquartered in Eagan, MN. | Director/Board Member | 2021-12-31 |
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Training of Timothy Penny
| Winona State University | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 16 |
|---|---|
Allspring Income Opportunities Fund
 Allspring Income Opportunities Fund Investment Trusts/Mutual FundsMiscellaneous Allspring Income Opportunities Fund operates as a closed-end management investment company. It seeks current income and capital appreciation through investment in below investment grade debt securities, loans, and preferred stocks. The company was founded on December 3, 2002 and is headquartered in San Francisco, CA. | Miscellaneous |
Allspring Utilities & High Income Fund
 Allspring Utilities & High Income Fund Investment Trusts/Mutual FundsMiscellaneous Allspring Utilities & High Income Fund is a diversified closed-end management investment company. It seeks a level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The company was founded on February 4, 2004 and is headquartered in San Francisco, CA. | Miscellaneous |
Adayana, Inc.
Adayana, Inc. Miscellaneous Commercial ServicesCommercial Services Adayana, Inc. provides human resources and management consulting services. The company was founded by Rajiv Tandon, Charley Grady in 2001 and is headquartered in Indianapolis, IN. | Commercial Services |
Evergreen International Balanced Income Fund
 Evergreen International Balanced Income Fund Investment Trusts/Mutual FundsMiscellaneous Evergreen International Balanced Income Fund is a closed-end investment fund. The fund seeks to provide a high level of income. The fund will invest primarily in dividend-paying international stocks and other equity securities and international debt securities. In addition, the fund will write call options on international indexes. The fund was founded on 27 October, 2005 and is headquartered in Boston, MA | Miscellaneous |
Asset Allocation Trust
 Asset Allocation Trust Investment Trusts/Mutual FundsMiscellaneous Asset Allocation Trust provides trust services. The private company is based in San Francisco, CA. | Miscellaneous |
Evergreen Global Dividend Opportunity Fund
 Evergreen Global Dividend Opportunity Fund Investment Trusts/Mutual FundsMiscellaneous Evergreen Global Dividend Opportunity Fund is a Closed-End Investment Fund/Investment Trust. Its investment management services are provided by Evergreen Investment Management Company, LLC. The company is headquartered in Boston, MA. | Miscellaneous |
Allspring Multi-Sector Income Fund
 Allspring Multi-Sector Income Fund Investment Trusts/Mutual FundsMiscellaneous Allspring Multi-Sector Income Fund operates as a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The company was founded on April 10, 2003 and is headquartered in Charlotte, CA. | Miscellaneous |
| State of Minnesota | Government |
NorthStar Education Finance, Inc.
NorthStar Education Finance, Inc. Finance/Rental/LeasingFinance NorthStar Education Finance, Inc. provides loan to students for education. It also offers Total Higher Education repayment bonus benefit plan and RepayReady, a personalized repayment planning resource to manage student loans after school. The company was founded in 1997 and is headquartered in Eagan, MN. | Finance |
| U.S. House of Representatives | Government |
The Committee for a Responsible Federal Budget
The Committee for a Responsible Federal Budget Miscellaneous Commercial ServicesCommercial Services The Committee for a Responsible Federal Budget is an independent, non-profit, bipartisan public policy organization which engages in the addressing of federa budget and fiscal issues. The company was founded by Robert T. Giaimo and Henry Bellmon on June 10, 1981 and is headquartered in Washington, DC. | Commercial Services |
Acdi/Voca
 Acdi/Voca Miscellaneous Commercial ServicesCommercial Services Acdi/Voca provides business consulting services. It promotes broad-based economic growth and the development of civil society in emerging democracies and developing countries. The firm provides programs for agribusiness, enterprise development, financial services, community development, and food security. The company was founded in 1953 and is headquartered in Washington, DC. | Commercial Services |
Southern Minnesota Initiative Foundation
Southern Minnesota Initiative Foundation Miscellaneous Commercial ServicesCommercial Services Southern Minnesota Initiative Foundation (SMIF) is a donor-supported foundation that invests in economic growth in the 20 counties of south central and southeastern Minnesota. The non-profit company is based in Owatonna, MN. SMIF's key interests include entrepreneurship, early childhood development, and community vitality. The foundation has invested over $154 million in the region since 1986. SMIF offers various lending options for small to large businesses and has three areas for contributions: General Endowment, Entrepreneur Fund, and Youth Trust Fund. Timothy J. Penny has been the CEO of the company since 2007. | Commercial Services |
Himle Horner, Inc.
 Himle Horner, Inc. Miscellaneous Commercial ServicesCommercial Services Himle Horner, Inc. provides public relations services. The private company is based in Minneapolis, MN. The company was founded by John S. Himle. | Commercial Services |
Allspring Global Dividend Opportunity Fund
 Allspring Global Dividend Opportunity Fund Investment Trusts/Mutual FundsMiscellaneous Allspring Global Dividend Opportunity Fund operates as a closed-end investment fund. Its primary investment objective is to seek a high level of current income, and secondary objective is long-term growth of capital. The company was founded in 2006 and is headquartered in Charlotte, NC. | Miscellaneous |
| Economic Club of Minnesota |
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