Joel and Diana Peterson
Joel and Diana Peterson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Salt Lake City, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 22 grants totaling $171K. Net investment income was $278K.
Key facts about Joel and Diana Peterson
- EIN
- 87-0624155
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $170,501
- Grants made (2024)
- 22
- Average grant
- $7,750
- Median grant
- $5,000
- New grantees (estimate)
- 59% first-time grantees (13 of 22, 2024)
- Total assets
- $3,616,596
- Primary geography
- Utah (53% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Joel and Diana Peterson funds
By grant dollars, the top recipient states for Joel and Diana Peterson's 22 itemized 2024 grants were Utah (53%), California (28%) and Massachusetts (10%). The most frequent recipient cities were Salt Lake City, UT (6 grants) and Logan, UT (2 grants). None of its 22 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support" (22 grants).
Is Joel and Diana Peterson open to new grantees?
59%
first-time grantees, 2024
In 2024, 13 of 22 grantees (59%) were first-time recipients. First grants averaged $4K; repeat grants $13K. How we count
Medians: $288 first-time, $11K repeat.
- 32% of 2024 grantees were also funded in 2023. Method
- Giving grew 22% from 2021 to 2024. Method
- In 2024 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Joel and Diana Peterson
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.6M
+3.3% YoY
Annual Giving
$171K
+6.9% YoY
Grant Count
22
+10.0% YoY
Avg Grant Size
$8K
-2.8% YoY
Under IRS private-foundation payout rules, Joel and Diana Peterson reported a distributable amount of $169K for 2024 — the minimum it must pay out in qualifying distributions.
About Joel and Diana Peterson
Based on IRS filings
Joel and Diana Peterson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Salt Lake City, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 22 grants totaling $171K. Net investment income was $278K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 22 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,616,596 | $3,500,641 | $3,606,816 |
| Revenue | $277,889 | $53,543 | $-2,936 |
| Expenses | $161,934 | $159,718 | $194,085 |
| Qualifying Distributions | $160,501 | $159,500 | $180,000 |
| Net Investment Income | $277,889 | $52,686 | $983 |
| Distributable Amount | $169,238 | $164,681 | $175,593 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
117 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Gifted Music School ($25,000), Prager University Foundation ($24,500), Intermountain Foundation ($21,500).
| Recipient | Purpose | Amount |
|---|---|---|
| GIFTED MUSIC SCHOOL Salt Lake City, UT | SUPPORT | $25,000 |
| PRAGER UNIVERSITY FOUNDATION Sherman Oaks, CA | SUPPORT | $24,500 |
| INTERMOUNTAIN FOUNDATION Salt Lake City, UT | SUPPORT | $21,500 |
| HARVARD UNIVERSITY Cambridge, MA | SUPPORT | $17,250 |
| THE POLICY PROJECT Salt Lake City, UT | SUPPORT | $15,113 |
| STANFORD UNIVERSITY Stanford, CA | SUPPORT | $11,750 |
| EDEN PEOPLE PLANET Murrieta, CA | SUPPORT | $10,750 |
| TEAM HYDRO FOUNDATION Malvern, PA | SUPPORT | $10,750 |
| UTAH FOOD BANK Salt Lake City, UT | SUPPORT | $6,500 |
| SAPREA Lehi, UT | SUPPORT | $5,250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kevin Mitchell | President | — | — |
| Andy Adams | Secretary-Tr | — | — |
| Clint Peterson | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Joel and Diana Peterson?
Joel and Diana Peterson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Salt Lake City, UT. It holds $3.6M in total assets as of 2024.
How large is Joel and Diana Peterson?
As of 2024, Joel and Diana Peterson holds $3.6M in total assets with $278K in annual revenue. It awarded 22 grants totaling $171K in 2024.
Where does Joel and Diana Peterson operate?
Joel and Diana Peterson has awarded grants in Arizona, California, Colorado, District of Columbia, Florida, Idaho, Massachusetts, New Jersey, New York, Pennsylvania, Texas, Utah, Vermont, Washington.
What size grants does Joel and Diana Peterson award?
In 2024, Joel and Diana Peterson awarded 22 grants totaling $171K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Joel and Diana Peterson required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Joel and Diana Peterson reported a distributable amount of $169K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Joel and Diana Peterson's EIN?
Joel and Diana Peterson's EIN (Employer Identification Number) is 87-0624155. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.