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Also known as: FOUNDATION INC
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Hugh E & Marjorie S Petersen Foundation Inc. is a private corporation based in SANTA BARBARA, CA. The foundation received its IRS ruling in 2006. The principal officer is Foundation Source. It holds total assets of $37.7M. Annual income is reported at $71K. Total assets have grown from $391K in 2011 to $37.7M in 2024. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in California, Arizona and Illinois. According to available records, Hugh E & Marjorie S Petersen Foundation Inc. has made 88 grants totaling $3.6M, with a median grant of $25K. Annual giving has grown from $1.2M in 2020 to $1.6M in 2022. Individual grants have ranged from $413 to $300K, with an average award of $41K. The foundation has supported 31 unique organizations. The foundation primarily supports organizations in California, Georgia, Arizona, which account for 88% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$25K
Average Grant
$49K
Largest Grant
$300K
Based on 17 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Hugh E & Marjorie S Petersen Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 88 grants. Its grantmaking reaches organizations primarily in CA, GA, AZ.
Hugh E & Marjorie S Petersen Foundation Inc. has distributed a total of $3.6M across 88 grants. The median grant size is $25K, with an average of $41K. Individual grants have ranged from $413 to $300K.
Hugh E & Marjorie S Petersen Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Hugh E & Marjorie S Petersen Foundation Inc. is headquartered in SANTA BARBARA, CA. While based in CA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sharon Peck | DIR, VP | $122K | $0 | $122K |
| Lynne Mtahmisian | DIR, PRES | $108K | $0 | $108K |
| Ruth Kovacs | DIR, SEC, VP | $104K | $0 | $104K |
Total Giving
N/A
Total Assets
$37.7M
Fair Market Value
N/A
Net Worth
$37.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
88
Total Giving
$3.6M
Average Grant
$41K
Median Grant
$25K
Unique Recipients
31
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Haggai International InstituteLEADERSHIP TRAINING SESSION | Norcross, GA | $150K | 2022 |
| Westmont CollegeGENERAL SUPPORT/ENDOWMENT FUND | Santa Barbara, CA | $150K | 2022 |
| Montecito Covenant ChurchGENERAL & UNRESTRICTED | Santa Barbara, CA | $60K | 2022 |
| Young Life - CapernaumCAPERNAUM | Prescott, AZ | $50K | 2022 |
| Santa Barbara Rescue MissionGENERAL SUPPORT | Santa Barbara, CA | $50K | 2022 |
| Family Care Network IncGENERAL SUPPORT | San Luis Obispo, CA | $40K | 2022 |
| Through La Arcada Investment Corporation K-1AS PROVIDED BY S-CORP SCHEDULE K-1. ORGANIZATION AVAILABLE UPON REQUEST. | Santa Barbara, CA | $34K | 2022 |
| Langham Partnership UsaGENERAL SUPPORT | Milpitas, CA | $30K | 2022 |
| Wycliffe Bible Translators IncGENERAL SUPPORT | Orlando, FL | $30K | 2022 |
| Young Life - Renovation Woodleaf CampRENOVATION WOODLEAF CAMP | Prescott, AZ | $25K | 2022 |
| Young Life - California Central Region Af56GENERAL SUPPORT | Prescott, AZ | $25K | 2022 |
| Cancer Support Community ValleyGENERAL SUPPORT | Westlake Village, CA | $25K | 2022 |
| Young Life - Women'S Philanthropy MissionWOMEN'S PHILANTHROPY MISSION | Prescott, AZ | $21K | 2022 |
| Young Life - Santa Barbara Ca 50 DivisionSANTA BARBARA, CA 50 DIVISION | Prescott, AZ | $18K | 2022 |
| Providence School IncGENERAL SUPPORT | Santa Barbara, CA | $15K | 2022 |
| The Salvation ArmyGENERAL SUPPORT | Santa Rosa, CA | $10K | 2022 |
| Direct Relief InternationalUKRAINE RELIEF | Santa Barbara, CA | $10K | 2022 |
| Young Life - Gold CoastGOLD COAST DIVISION | Prescott, AZ | $5K | 2022 |
| Teachbeyond IncGENERAL SUPPORT | Downers Grove, IL | $2K | 2022 |
| Ocean Hills Covenant ChurchGENERAL SUPPORT | Santa Barbara, CA | $2K | 2022 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA