Charles & Mildred Petersen Charitable Foundation
Charles & Mildred Petersen Charitable Foundation is a private foundation, based in Manson, IA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $329K in total assets. In 2023, it awarded 1 grant totaling $5K. Net investment income was $10K.
Charles & Mildred Petersen Charitable Foundation at a glance
In short: Charles & Mildred Petersen Charitable Foundation gave $5K across 1 grant in 2023 (avg $5K), mostly in Iowa. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $5,000
- -69.7% vs 2022
- Grants made (2023)
- 1
- -50.0% vs 2022
- Average grant
- $5,000
- -39.4% vs 2022
- Median grant
- $5,000
- Total assets
- $329,021
- +1.6% vs 2022
- Primary geography
- Iowa (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026.
Who Charles & Mildred Petersen Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was Twin Lakes Christian Center ($5K).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 7 grants of 8 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
How Charles & Mildred Petersen Charitable Foundation gives
- Giving fell 97% from 2020 to 2023. Method
- In 2023 it paid out 24% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $5K (2023) to $167K (2020). In 2023 it made 1 grant totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Twin Lakes Christian Center Manson, IA | To Support Accomodations and Camp Programming | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | $329,021 | $11,146 | $5,900 | $5,000 | 1 | $5,000 | $10,314 | $20,607 |
| 2022 | $323,775 | $6,446 | $17,370 | $16,500 | 2 | $16,500 | $9,760 | $21,194 |
| 2021 | $334,699 | $6,786 | $45,630 | $44,500 | 2 | $44,500 | $9,658 | $21,891 |
| 2020 | $373,543 | $10,670 | $168,972 | $167,107 | 3 | — | $8,805 | $19,188 |
Under IRS private-foundation payout rules, Charles & Mildred Petersen Charitable Foundation reported a distributable amount of $21K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Charles & Mildred Petersen Charitable Foundation is led by Michael D. Holt, President-Treasurer on every filing since 2020; none of the 4 officers listed in 2023 report compensation.
Officers on the 2023 filing
Michael D. Holt
President-Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Carla L. Holt
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Barbara L. Gidel
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Pamela A. Tudor
Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Charles & Mildred Petersen Charitable Foundation
How much does Charles & Mildred Petersen Charitable Foundation give each year?
Charles & Mildred Petersen Charitable Foundation gave $5K across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $17K across 2 grants.
How large is Charles & Mildred Petersen Charitable Foundation?
Charles & Mildred Petersen Charitable Foundation reported $329K in total assets on its 2023 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Charles & Mildred Petersen Charitable Foundation operate?
Charles & Mildred Petersen Charitable Foundation has awarded grants in Iowa.
What is Charles & Mildred Petersen Charitable Foundation's EIN?
Charles & Mildred Petersen Charitable Foundation's EIN (Employer Identification Number) is 42-1519623. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- IRS filings on file for fiscal years 2020–2023
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