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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. Total assets have grown from $9.9M in 2019 to $12.6M in 2023. 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 2023. Grantmaking is concentrated in Texas. 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.
Smallest Grant
$200K
Median Grant
$375K
Average Grant
$488K
Largest Grant
$1M
Based on 4 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.
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 | N/A |
| Jay F Rea | Secy/Treas | $0 | $0 | N/A |
| Christopher R Petersen | Director | $0 | $0 | N/A |
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
$500K
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 | $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 |