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Petters Family Foundation is a private corporation based in NEWPORT NEWS, VA. The foundation received its IRS ruling in 2012. It holds total assets of $39.2M. Annual income is reported at $23.7M. Total assets have grown from $983K in 2011 to $27M in 2023. The foundation is governed by 4 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 Virginia. According to available records, Petters Family Foundation has made 65 grants totaling $9.7M, with a median grant of $62K. Annual giving has grown from $3.1M in 2020 to $4.7M in 2022. Individual grants have ranged from $300 to $1M, with an average award of $149K. The foundation has supported 22 unique organizations. The foundation primarily supports organizations in Virginia, Maryland, Florida, which account for 88% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$300
Median Grant
$75K
Average Grant
$171K
Largest Grant
$1M
Based on 18 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.
Petters Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 65 grants. Its grantmaking reaches organizations primarily in VA, MD, FL.
Petters Family Foundation has distributed a total of $9.7M across 65 grants. The median grant size is $62K, with an average of $149K. Individual grants have ranged from $300 to $1M.
Petters Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Petters Family Foundation is headquartered in NEWPORT NEWS, VA. While based in VA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Caroline G Sauer | VICE PRESIDENT | $0 | $0 | N/A |
| Nancy B Petters | PRESIDENT | $0 | $0 | N/A |
| Sarah Fletcher | VICE PRESIDENT | $0 | $0 | N/A |
| C Michael Petters | SECRETARY/TREASURER | $0 | $0 | N/A |
Total Giving
$2.8M
Total Assets
$27M
Fair Market Value
$63.5M
Net Worth
$27M
Grants Paid
$2.6M
Contributions
$967K
Net Investment Income
$4.1M
Distribution Amount
$2.7M
Total: $9.6M
Total Grants
65
Total Giving
$9.7M
Average Grant
$149K
Median Grant
$62K
Unique Recipients
22
Most Common Grant
$100K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| College Of William & Mary FoundationSPONSORSHIP OF CAMP LAUNCH PROGRAM AND GENERAL SUPPORT | Williamsburg, VA | $1M | 2022 |
| Us Naval Academy FoundationSUPPORT OF NAVAL ACADEMY ANNUAL FUND, STEM AND MINORITY OUTREACH FOR ADMISSIONS. | Annapolis, MD | $400K | 2022 |
| Virginia Foundation For Community College EducationGENERAL SUPPORT | Richmond, VA | $250K | 2022 |
| An Achievable DreamGENERAL FUND SUPPORT | Newport News, VA | $200K | 2022 |
| Boys & Girls Clubs Of The Virginia PeninsulaGENERAL SUPPORT | Newport News, VA | $100K | 2022 |
| The Mariner'S Museum And ParkGENERAL SUPPORT | Newport News, VA | $100K | 2022 |
| Jesuit High SchoolGENERAL SUPPORT | Tampa, FL | $100K | 2022 |
| SoundscapesGENERAL SUPPORT | Newport News, VA | $62K | 2022 |
| Tougaloo CollegeGENERAL SUPPORT | Tougaloo, MS | $50K | 2022 |
| Peake Childhood CenterGENERAL SUPPORT FOR LOW INCOME EARLY CHILDHOOD EDUCATION | Hampton, VA | $35K | 2022 |
| WhroGENERAL SUPPORT OF PUBLIC BROADCASTING | Norfolk, VA | $15K | 2022 |
| Son Of A SaintIMPROVING THE LIVES OF FATHERLESS BOYS IN NEW ORLELANS | New Orleans, LA | $10K | 2022 |
| Hampton Education FoundationGENERAL SUPPORT | Hampton, VA | $5K | 2022 |
| The Faison CenterGENERAL SUPPORT | Richmond, VA | $5K | 2022 |
| Edmarc Hospice For ChildrenGENERAL SUPPORT | Portsmouth, VA | $3K | 2022 |
| Hilton Presbyterian Church PreschoolHILTON PRESBYTERIAN PRESCHOOL MINISTRY | Newport News, VA | $3K | 2022 |
| Smart BeginningsEDUCATION | Newport News, VA | $2K | 2022 |
| Bearings Bike ShopCAPITAL AND OPERATIONAL SUPPORT | Atlanta, GA | $100K | 2021 |
| Downtown Hampton Child Development CenterGENERAL SUPPORT FOR LOW INCOME EARLY CHILDHOOD EDUCATION | Hampton, VA | $30K | 2021 |
| United Way Of The Virginia PeninsulaGENERAL SUPPORT | Newport News, VA | $1M | 2020 |