Bernice E Peterson Scholarship is a private foundation focused on Education, based in ALGONA, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $665K in total assets. In 2024, it awarded 7 grants totaling $20K. Net investment income was $20K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$665K
-1.8% YoY
Annual Giving
$20K
-22.7% YoY
Grant Count
7
-56.3% YoY
Avg Grant Size
$3K
+76.7% YoY
Under IRS private-foundation payout rules, Bernice E Peterson Scholarship reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
About Bernice E Peterson Scholarship
Based on IRS filings
Bernice E Peterson Scholarship is a private foundation focused on Education, based in ALGONA, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $665K in total assets. In 2024, it awarded 7 grants totaling $20K. Net investment income was $20K.
Focus Areas
Ready to take the next step with Bernice E Peterson Scholarship?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $665,168 | $677,311 | $695,123 |
| Revenue | $21,143 | $14,357 | $11,714 |
| Expenses | $29,754 | $32,146 | $37,583 |
| Qualifying Distributions | $25,254 | $31,086 | $36,718 |
| Net Investment Income | $20,279 | $19,152 | $13,911 |
| Distributable Amount | $28,446 | $28,885 | $31,663 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Iowa Central Community College ($7,700), Iowa State University ($4,400), Iowa Lakes Community College ($2,200).
| Recipient | Purpose | Amount |
|---|---|---|
| IOWA STATE UNIVERSITY AMES, IA | SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $4,400 |
| IOWA CENTRAL COMMUNITY COLLEGE FORT DODGE, IA | SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $7,700 |
| DES MOINES AREA COMMUNITY COLLEGE ANKENY, IA | SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $1,100 |
| IOWA LAKES COMMUNITY COLLEGE EMMETSBURG, IA | SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $2,200 |
| NWICC SHELDON, IA | SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $2,200 |
| HAWKEYE COMMUNITY COLLEGE WATERLOO, IA | SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $1,100 |
| SOUTH DAKOTA STATE UNIVERSITY BROOKINGS, SD | SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $1,100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| IOWA STATE BANK | Trustee | 1.15 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bernice E Peterson Scholarship?
Bernice E Peterson Scholarship is a private foundation focused on Education, based in ALGONA, IA. It holds $665K in total assets as of 2024.
How large is Bernice E Peterson Scholarship?
As of 2024, Bernice E Peterson Scholarship holds $665K in total assets with $21K in annual revenue. It awarded 7 grants totaling $20K in 2024.
Where does Bernice E Peterson Scholarship operate?
Bernice E Peterson Scholarship has awarded grants in Iowa, Nebraska, South Dakota, Tennessee.
What size grants does Bernice E Peterson Scholarship award?
In 2024, Bernice E Peterson Scholarship awarded 7 grants totaling $20K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Bernice E Peterson Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bernice E Peterson Scholarship reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bernice E Peterson Scholarship's EIN?
Bernice E Peterson Scholarship's EIN (Employer Identification Number) is 47-7204491. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bernice E Peterson Scholarship's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Main Street Fort Dodge Inc
FORT DODGE, IA
Assets
$315K
Grants
1
Total Given
$25K
John & Beverly Anderson Charitable Trust
VINTON, IA
Assets
—
Grants
18
Total Given
$22K
Daniel J & Ann L Krumm Charitable Trus
AMES, IA
Assets
—
Grants
21
Total Given
$228K
Barbara Jean Couturier Charitable T
DAVENPORT, IA
Assets
—
Grants
0
Total Given
—
Change Happens Foundation
URBANDALE, IA
Assets
$17.8M
Grants
12
Total Given
$255K
The Joseph Andres Family Foundation
OKOBOJI, IA
Assets
—
Grants
6
Total Given
$7K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Bernice E Peterson Scholarship on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Bernice E Peterson Scholarship to a real strategy.