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Petersen Family Foundation is a private corporation based in SUGAR LAND, TX. The foundation received its IRS ruling in 2017. The principal officer is % Attn Gary R Petersen. It holds total assets of $15.1M. Annual income is reported at $16.5M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Petersen Family Foundation has made 12 grants totaling $5.7M, with a median grant of $250K. Annual giving has decreased from $1.9M in 2020 to $1.5M in 2023. Individual grants have ranged from $50K to $1.5M, with an average award of $471K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Petersen Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in TX.
Petersen Family Foundation has distributed a total of $5.7M across 12 grants. The median grant size is $250K, with an average of $471K. Individual grants have ranged from $50K to $1.5M.
Petersen Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Petersen Family Foundation is headquartered in SUGAR LAND, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gary Rpetersen | President | $0 | $0 | $0 |
| Jay F Rea | Secy/Treas | $0 | $0 | $0 |
| Christopher R Petersen | Director | $0 | $0 | $0 |
Total Giving
$1.6M
Total Assets
$12.6M
Fair Market Value
$13.2M
Net Worth
$12.6M
Grants Paid
$1.5M
Contributions
$4.1M
Net Investment Income
$1.9M
Distribution Amount
$503K
Total: $1.5M
Total Grants
12
Total Giving
$5.7M
Average Grant
$471K
Median Grant
$250K
Unique Recipients
8
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Second Baptist School FoundationUnrestricted use by Second Baptist School Foundation | Houston, TX | $1.5M | 2023 |
| Astros Golf FoundationUnrestricted use by Astros Golf Foundation | Houston, TX | $200K | 2022 |
| United Way Of Greater HoustonUnrestricted use by United Way of Greater Houston | Houston, TX | $100K | 2022 |
| The Chapelwood FoundationUnrestricted use by The Chapelwood Foundation | Houston, TX | $50K | 2022 |
| Texas Tech University FoundationUnrestricted use by Texas Tech University Foundation | Lubbock, TX |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| $1M |
| 2021 |
| River Oaks Baptist SchoolUnrestricted use by River Oaks Baptist School | Houston, TX | $500K | 2021 |
| The Council On RecoveryUnrestricted use by The Council on Recovery | Houston, TX | $250K | 2021 |
| Memorial Hermann FoundationUnrestricted use by Memorial Hermann Foundation | Houston, TX | $250K | 2020 |
HOUSTON, TX
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