Frank R Peters Trust
Frank R Peters Trust is a private foundation based in Dallas, Texas. It reported 30 grants totaling $559,060 in filing year 2025, with most grant dollars going to recipients in Massachusetts.
Frank R Peters Trust at a glance
In short: Frank R Peters Trust gave $559K across 30 grants in 2025 (avg $19K), mostly in Massachusetts. 43% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $559,060
- +9.9% vs 2024
- Grants made (2025)
- 30
- +25.0% vs 2024
- Average grant
- $18,635
- -12.0% vs 2024
- Median grant
- $15,000
- Total assets
- $11,218,854
- +2.9% vs 2024
- New grantees (estimate)
- 43% first-time grantees (13 of 30, 2025)
- Primary geography
- Massachusetts (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Frank R Peters Trust
- How to Apply
-
The trust’s filing states that it does not restrict giving to preselected organizations. It lists application materials through Bank of America’s grantmaking process and states that awards have no restrictions.
- Contact
Application contact: Melanie Khoury
Mailing address: 1025 Main St, Waltham, MA 02451
Phone: (617) 434-4898
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Frank R Peters Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Philanthropy Massachusetts ($179K). Together the top 10 received $334K.
Grant Size Distribution
138 grants across all recorded years
The most common grant size was under $50K: 133 grants of 138 (96%).
Geographic Focus
Where this funder awards grants
In 2025, 98% of grant dollars went to recipients in Massachusetts and 2% to recipients in California. This describes the locations of that year’s grant recipients.
Grant Distribution by State
Share of 2025 grant dollars across all 30 itemized grants.
Cities
Is Frank R Peters Trust open to new grantees?
43%
first-time grantees, 2025
In 2025, 13 of 30 grantees (43%) were first-time recipients. First grants averaged $11K; repeat grants $24K. How we count
Medians: $10K first-time, $15K repeat.
- 43% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−5%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $465K (2020) to $588K (2022). In 2025 it made 30 grants totaling $559K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Philanthropy Massachusetts Boston, MA | Unrestricted General | $179,060 |
| Boys & Girls Clubs of Dorchester Dorchester, MA | Unrestricted General | $20,000 |
| Boys & Girls Clubs of Metrowest Marlborough, MA | Unrestricted General | $20,000 |
| Youth Advocacy Foundation Boston, MA | Unrestricted General | $20,000 |
| Top Notch Scholars Inc Lawrence, MA | Unrestricted General | $20,000 |
| Boys & Girls Club of Boston Inc Boston, MA | Unrestricted General | $15,000 |
| Family Services Merrimack Valley Lawrence, MA | Unrestricted General | $15,000 |
| 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 |
Ready to take the next step with Frank R Peters Trust?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $11,218,854 | $1,090,214 | $763,391 | $559,060 | 30 | $647,529 | $986,198 | $671,395 |
| 2024 | $10,899,514 | $367,606 | $677,917 | $508,500 | 24 | $590,188 | $278,903 | $646,514 |
| 2023 | $10,825,624 | $-128,849 | $726,676 | $548,200 | 23 | $623,390 | $164,585 | $582,602 |
| 2022 | $11,413,370 | $2,259,803 | $762,057 | $587,850 | 32 | $669,118 | $2,133,015 | $624,602 |
| 2021 | $11,782,775 | $725,382 | $654,058 | $487,500 | 29 | — | $646,425 | $670,932 |
| 2020 | $10,262,352 | $882,376 | $616,983 | $465,000 | 37 | — | $814,478 | $561,069 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the trust is provided. Its 2025 grants show support for organizations working with young people and families, including youth development, mentoring, leadership, and legal advocacy. For example, Top Notch Scholars describes its work as helping inner-city youth explore their passions and career goals through mentorship, training, academies, and internships. Youth Advocacy Foundation describes its mission as protecting and advancing children’s legal and human rights.
The trust also gave to Philanthropy Massachusetts, whose stated mission is to promote effective and responsible philanthropy to improve the region’s health and vitality. These are the grantees’ descriptions of their own work, not statements of the trust’s mission.
Grantmaking
In filing year 2025, the trust reported 30 grants totaling $559,060. Grant amounts ranged from $5,000 to $179,060, with a median grant of $15,000. The largest grant was $179,060 to Philanthropy Massachusetts for unrestricted general purposes. Other notable grants included $20,000 each to Boys & Girls Clubs of Dorchester, Boys & Girls Clubs of MetroWest, Youth Advocacy Foundation, and Top Notch Scholars, all for unrestricted general purposes. Several organizations received $15,000, including Boys & Girls Club of Boston, Girl Scouts of Eastern Massachusetts, and Boys & Girls Club of Greater Lowell.
Leadership & Key People
Leadership team and compensation from IRS filings
Bank of America is listed as trustee on the 2025 filing.
Frank R Peters Trust's only listed officer is Bank Of America, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2022
1 hr/week
$109K (2022) → $124K (2025)
Former officers (1)
- Former: Bank Of America N A (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $124K, to Bank of America (Trustee).
Frequently asked questions about Frank R Peters Trust
How much does Frank R Peters Trust give each year?
Frank R Peters Trust gave $559K across 30 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $509K across 24 grants.
What is Frank R Peters Trust's typical grant size?
Frank R Peters Trust's median grant in 2025 was $15,000, and its average grant was $18,635, across 30 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Frank R Peters Trust that year got $11K on average.
Where does Frank R Peters Trust give grants?
Frank R Peters Trust gives mostly in Massachusetts: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (7 grants), Lawrence, MA (3 grants), Worcester, MA (3 grants) and Dorchester, MA (2 grants).
Does Frank R Peters Trust give general operating support?
Yes: 100% of Frank R Peters Trust's 2025 grants with a stated purpose (30 of 30) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Frank R Peters Trust's largest grantees?
Frank R Peters Trust's largest 2025 grantees include Philanthropy Massachusetts ($179,060), Boys & Girls Clubs of Dorchester ($20,000) and Boys & Girls Clubs of Metrowest ($20,000), according to its 2025 IRS Form 990-PF. Together they received 39% of its itemized 2025 grant dollars.
How large is Frank R Peters Trust?
Frank R Peters Trust reported $11.2M in total assets on its 2025 IRS Form 990-PF. It paid out $648K in qualifying distributions that year, against a required minimum of $671K (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.
What does Frank R Peters Trust fund?
No mission statement for the trust is provided. Its 2025 grants show support for organizations working with young people and families, including youth development, mentoring, leadership, and legal advocacy. See mission & focus areas ↑
How do I apply for a grant from Frank R Peters Trust?
The trust’s filing states that it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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Cite this profile
Grantable. (2026). Frank R Peters Trust funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/frank-r-peters-trust-morg_a764938bca0e4e0c986f1d782fcdc786
BibTeX
@misc{grantable_046012026_2026,
author = {{Grantable}},
title = {{Frank R Peters Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/frank-r-peters-trust-morg_a764938bca0e4e0c986f1d782fcdc786},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Frank R Peters Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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