G & D Peterson Foundation
G & D Peterson Foundation is a private foundation, based in Minneapolis, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $218K in total assets. In 2024, it awarded 9 grants totaling $54K. Net investment income was $13K.
G & D Peterson Foundation at a glance
In short: G & D Peterson Foundation gave $54K across 9 grants in 2024 (avg $6K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $54,250
- +886.4% vs 2023
- Grants made (2024)
- 9
- +0.0% vs 2023
- Average grant
- $6,028
- +886.4% vs 2023
- Median grant
- $500
- Total assets
- $218,437
- -17.2% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who G & D Peterson Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Hamline University ($40K). Together the top 9 received $54K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 43 grants of 43 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How G & D Peterson Foundation gives
- Giving grew 136% from 2021 to 2024. Method
- In 2024 it paid out 437% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $6K (2023) to $54K (2024). In 2024 it made 9 grants totaling $54K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hamline University St. Paul, MN | Peterson Family Scholarship | $40,000 |
| Faith Lutheran Church Forest Lake, MN | General Operating | $8,400 |
| Gammelgarden Museum Scandia, MN | General operating $1,800; running of the meatballs fundraiser prize money $300 | $2,100 |
| Ordway Center for the Performing Arts St. Paul, MN | General Operating | $1,500 |
| Forest Lake YMCA Forest Lake, MN | General Operating | $500 |
| Lakes Center for Youth and Families Forest Lake, MN | General Operating | $500 |
| The Education Foundation of the Forest Lake Area Forest Lake, MN | Fund a Grant | $500 |
| The Forest Lake Police Relief Association Forest Lake, MN | General Operating | $500 |
| St Olaf College Northfield, MN | The Alleen Christian Tostrud Endowed Scholarship | $250 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $218,437 | $15,684 | $60,812 | $54,250 | 9 | $54,275 | $12,558 | $12,409 |
| 2023 | $263,884 | $7,978 | $15,389 | $5,500 | 9 | $5,525 | $4,961 | $12,158 |
| 2022 | $271,315 | $19,939 | $27,504 | $23,750 | 12 | $23,775 | $16,807 | $13,154 |
| 2021 | $278,880 | $32,864 | $26,545 | $23,000 | 7 | $23,025 | $29,319 | $15,553 |
| 2020 | $274,065 | $9,277 | $26,680 | $21,000 | 6 | — | $9,277 | $14,380 |
Under IRS private-foundation payout rules, G & D Peterson Foundation reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
G & D Peterson Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Barry Newman
Trustee
On filings since 2020
1 hr/week
No compensation reported
Donna Peterson
Trustee
On filings since 2020
1 hr/week
No compensation reported
Gerald Peterson
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 G & D Peterson Foundation
How much does G & D Peterson Foundation give each year?
G & D Peterson Foundation gave $54K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $6K across 9 grants.
What is G & D Peterson Foundation's typical grant size?
G & D Peterson Foundation's median grant in 2024 was $500, and its average grant was $6,028, across 9 grants on its 2024 IRS Form 990-PF.
Where does G & D Peterson Foundation give grants?
G & D Peterson Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Forest Lake, MN (5 grants) and St. Paul, MN (2 grants).
Does G & D Peterson Foundation give general operating support?
Yes: 67% of G & D Peterson Foundation's 2024 grants with a stated purpose (6 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are G & D Peterson Foundation's largest grantees?
G & D Peterson Foundation's largest 2024 grantees include Hamline University ($40,000), Faith Lutheran Church ($8,400) and Gammelgarden Museum ($2,100), according to its 2024 IRS Form 990-PF. Together they received 93% of its itemized 2024 grant dollars.
How large is G & D Peterson Foundation?
G & D Peterson Foundation reported $218K in total assets on its 2024 IRS Form 990-PF. It paid out $54K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
What is G & D Peterson Foundation's EIN?
G & D Peterson Foundation's EIN (Employer Identification Number) is 41-1866420. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 19, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work G & D Peterson Foundation funds
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