Frank R Peters Trust
Frank R Peters Trust is a private foundation based in Providence, Rhode Island. The trust operates as a grantmaking foundation dedicated to philanthropic giving in its service areas.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$11.2M
+2.9% YoY
Annual Giving
$559K
+9.9% YoY
Grant Count
30
+25.0% YoY
Avg Grant Size
$19K
-12.0% YoY
Under IRS private-foundation payout rules, Frank R Peters Trust reported a distributable amount of $671K for 2025 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation has an active grant program, with the Frank Reed & Margaret Jane Peters Memorial Fund I offering grants to eligible organizations. Based on the most recent available IRS Form 990 filing from 2018, the foundation maintains an active grantmaking operation.
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Geographic Focus
Where this funder awards grants
The foundation is located in Providence, Rhode Island and directs its philanthropic efforts through this region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
The foundation's financial information is documented in IRS Form 990-PF filings, with records available through 2018.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $11,218,854 | $10,899,514 | $10,825,624 |
| Revenue | $1,090,214 | $367,606 | $-128,849 |
| Expenses | $763,391 | $677,917 | $726,676 |
| Qualifying Distributions | $647,529 | $590,188 | $623,390 |
| Net Investment Income | $986,198 | $278,903 | $164,585 |
| Distributable Amount | $671,395 | $646,514 | $582,602 |
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 2025
Grant Size Distribution
138 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Philanthropy Massachusetts ($179,060), Boys & Girls Clubs of Dorchester ($20,000), Boys & Girls Clubs of Metrowest ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUBS OF DORCHESTER Dorchester, MA | UNRESTRICTED GENERAL | $20,000 |
| YWCA OF BOSTON BOSTON, MA | UNRESTRICTED GENERAL | $10,000 |
| BOYS & GIRLS CLUB OF BOSTON INC BOSTON, MA | UNRESTRICTED GENERAL | $15,000 |
| THOMAS CHEW MEMORIAL BOYS & GIRLS CLUB FALL RIVER, MA | UNRESTRICTED GENERAL | $10,000 |
| FAMILY SERVICES MERRIMACK VALLEY LAWRENCE, MA | UNRESTRICTED GENERAL | $15,000 |
| LAWRENCE BOYS & GIRLS CLUB INC LAWRENCE, MA | UNRESTRICTED GENERAL | $10,000 |
| BOYS & GIRLS CLUB OF GREATER LOWELL LOWELL, MA | UNRESTRICTED GENERAL | $15,000 |
| BOYS & GIRLS CLUB OF WORCESTER WORCESTER, MA | UNRESTRICTED GENERAL | $15,000 |
| BIG BROTHERS & BIG SISTERS OF CENTRAL MA WORCESTER, MA | UNRESTRICTED GENERAL | $15,000 |
| BOYS & GIRLS CLUBS OF METROWEST MARLBOROUGH, MA | UNRESTRICTED GENERAL | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $124,443 |
Frequently Asked Questions
How do I apply for a grant from Frank R Peters Trust?
The foundation has an active grant program, with the Frank Reed & Margaret Jane Peters Memorial Fund I offering grants to eligible organizations. Based on the most recent available IRS Form 990 filing from 2018, the foundation maintains an active grantmaking operation.
Where does Frank R Peters Trust make grants?
The foundation is located in Providence, Rhode Island and directs its philanthropic efforts through this region.
What size grants does Frank R Peters Trust award?
In 2025, Frank R Peters Trust awarded 30 grants totaling $559K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Frank R Peters Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Frank R Peters Trust reported a distributable amount of $671K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank R Peters Trust's EIN?
Frank R Peters Trust's EIN (Employer Identification Number) is 04-6012026. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Frank R Peters Trust's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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