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Petersen Foundation is a private corporation based in BOUNTIFUL, UT. The foundation received its IRS ruling in 2014. The principal officer is Lyle Petersen. It holds total assets of $475. Annual income is reported at N/A. Total assets have grown from N/A in 2013 to $2K in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of religion. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Petersen Foundation has made 7 grants totaling $10K, with a median grant of $1K. Annual giving has grown from $2K in 2021 to $5K in 2023. Individual grants have ranged from $120 to $5K, with an average award of $1K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Utah. Contributions to this foundation are tax-deductible.
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 Foundation primarily funds organizations in the area of religion. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in UT.
Petersen Foundation has distributed a total of $10K across 7 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $120 to $5K.
Petersen Foundation typically selects its grantees rather than accepting unsolicited proposals.
Petersen Foundation is headquartered in BOUNTIFUL, UT.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lyle Petersen | TRUSTEE | $0 | $0 | N/A |
| Christine Petersen | TRUSTEE | $0 | $0 | N/A |
| Tara Jessop | TRUSTEE | $0 | $0 | N/A |
| Mikelle Kennedy | TRUSTEE | $0 | $0 | N/A |
| Cade Petersen | TRUSTEE | $0 | $0 | N/A |
Total Giving
$5K
Total Assets
$2K
Fair Market Value
$2K
Net Worth
$2K
Grants Paid
$5K
Contributions
$5K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
7
Total Giving
$10K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
3
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lyle PetersenMEDICAL EXPENSES TO HELP NEEDY INDIVIDUAL WITH HIP REPLACEMENT | Bountiful, UT | $5K | 2023 |
| Bountiful Food PantrySUPPORT LOCAL FOOD PANTRY | Bountiful, UT | $1K | 2022 |
| Kevin JessopTO NEEDY FAMILY WITH MEDICAL EXPENSE | Bountiful, UT | $500 | 2021 |