Family Benevolent Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HASTINGS, NE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $545K in total assets. In 2024, it awarded 12 grants totaling $54K. Net investment income was $24K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$545K
+1.8% YoY
Annual Giving
$54K
+17.4% YoY
Grant Count
12
+20.0% YoY
Avg Grant Size
$5K
-2.2% YoY
Under IRS private-foundation payout rules, Family Benevolent Foundation reported a distributable amount of $52K for 2024 — the minimum it must pay out in qualifying distributions.
About Family Benevolent Foundation
Based on IRS filings
Family Benevolent Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HASTINGS, NE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $545K in total assets. In 2024, it awarded 12 grants totaling $54K. Net investment income was $24K.
Focus Areas
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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 | $545,138 | $535,438 | $527,828 |
| Revenue | $72,934 | $62,881 | $45,536 |
| Expenses | $55,932 | $47,856 | $49,559 |
| Qualifying Distributions | $54,000 | $46,000 | $46,000 |
| Net Investment Income | $23,840 | $22,891 | $16,977 |
| Distributable Amount | $52,485 | $44,900 | $44,612 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Life Lutheran Church ($25,000), The Reehl Mission Vision ($10,000), Concordia Univ Harvest Fund ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Concordia Univ Ch Worker Scholarship Endow Seward, NE | Student scholarships | $2,500 |
| Concordia Univ Harvest Fund Seward, NE | world worker support | $3,500 |
| Concordia Univ Paul Scholars Seward, NE | Labor and Learn Work Study | $2,000 |
| The Reehl Mission Vision Hastings, NE | Russian Orphan Relieg | $10,000 |
| New Life Lutheran Church Fort Wayne, IN | utheran Ministry Liberia | $25,000 |
| Phils Friends Crown Point, IN | Cancer patient christ support | $1,000 |
| Heartland Lutheran High School Gramd Island, NE | Private education support | $1,000 |
| Our Place Hastings, NE | Child Care | $3,000 |
| The Walker Borum Foundation Carterville, IL | Child literacy assistance | $2,500 |
| Homestead Refuge Curtis, NE | Sex trafficking victim support | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David O Peterson | VP/Dir | 0.5 | — |
| Margaret C Peterson | Dir | 0.5 | — |
| David A Peterson | Dir | 0.5 | — |
| Mark A Peterson | Treas/Dir | 0.5 | — |
| Mary L Peterson | Dir | 0.5 | — |
| Daniel A Peterson | Dir | 0.5 | — |
| Jessica Beatty | Pres | 0.5 | — |
| Rebecca Peterson | Sec | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Family Benevolent Foundation?
Family Benevolent Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HASTINGS, NE. It holds $545K in total assets as of 2024.
How large is Family Benevolent Foundation?
As of 2024, Family Benevolent Foundation holds $545K in total assets with $73K in annual revenue. It awarded 12 grants totaling $54K in 2024.
Where does Family Benevolent Foundation operate?
Family Benevolent Foundation has awarded grants in California, Illinois, Indiana, Kansas, North Carolina, Nebraska, New Jersey, New York, Tennessee, Washington.
What size grants does Family Benevolent Foundation award?
In 2024, Family Benevolent Foundation awarded 12 grants totaling $54K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Family Benevolent Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Family Benevolent Foundation reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Family Benevolent Foundation's EIN?
Family Benevolent Foundation's EIN (Employer Identification Number) is 48-1285065. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Family Benevolent Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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