Lenny Peters Foundation Inc
The Lenny Peters Foundation is a 501(c)(3) private grantmaking foundation based in High Point, North Carolina. Established in 2006, the foundation was created by Dr. Lenny Peters out of a desire to "give back" and assist people in need. The organization operates as a charitable foundation providing grants and donations to both individuals experiencing financial hardship and nonprofit organizations.
Key facts about Lenny Peters Foundation Inc
- EIN
- 20-5359020
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $514,561
- Grants made (2024)
- 37
- Average grant
- $13,907
- Median grant
- $5,000
- New grantees (estimate)
- 65% first-time grantees (24 of 37, 2024)
- Total assets
- $1,161,061
- Primary geography
- North Carolina (97% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited applications and operates on an invitation-only basis. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Lenny Peters Foundation Inc funds
By grant dollars, the top recipient states for Lenny Peters Foundation Inc's 37 itemized 2024 grants were North Carolina (97%). The most frequent recipient cities were High Point, NC (18 grants), Greensboro, NC (8 grants) and Winston Salem, NC (2 grants). None of its 37 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Purpose" (37 grants).
Is Lenny Peters Foundation Inc open to new grantees?
65%
first-time grantees, 2024
In 2024, 24 of 37 grantees (65%) were first-time recipients. First grants averaged $8K; repeat grants $24K. How we count
Medians: $5K first-time, $5K repeat.
- 22% of 2024 grantees were also funded in 2023. Method
- Giving grew 227% from 2021 to 2024. Method
- In 2024 it paid out 440% of its IRS minimum distribution (the 5% rule). 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 Lenny Peters Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-2.8% YoY
Annual Giving
$515K
+61.9% YoY
Grant Count
37
+42.3% YoY
Avg Grant Size
$14K
+13.8% YoY
Under IRS private-foundation payout rules, Lenny Peters Foundation Inc reported a distributable amount of $117K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to assist those in need around the world and in the local community, particularly in North Carolina. The foundation provides funding to:
- Needy individuals experiencing temporary financial hardships
- Local nonprofit organizations in the Piedmont Triad community
- Educational institutions and programs
- Human services organizations
- Arts and cultural organizations
- Community development initiatives
Grantmaking
Grant Range
$10,000
How to Apply
**
Ready to take the next step with Lenny Peters Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations and individuals in:
- North Carolina (primary focus, especially the Piedmont Triad region)
- Florida
- Virginia
- International programs, including the Jayamatha Orphanage in India
Grant Distribution by State
Share of all 37 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $1,161,061
- Total revenue: $610,539
- Total expenses: $643,538
- Total liabilities: $0
Tax Status: Tax-exempt since May 2007 (EIN: 20-5359020)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,161,061 | $1,194,060 | $1,247,042 |
| Revenue | $610,539 | $866,108 | $293,483 |
| Expenses | $643,538 | $487,600 | $693,268 |
| Qualifying Distributions | $514,561 | $317,810 | $442,639 |
| Net Investment Income | $358,282 | $748,118 | — |
| Distributable Amount | $116,962 | $85,461 | $123,470 |
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
132 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Triad United Rowing Assoc ($170,000), United Way of Greater High Point Inc ($40,000), Various Individuals ($37,550).
| Recipient | Purpose | Amount |
|---|---|---|
| TRIAD UNITED ROWING ASSOC High Point, NC | CHARITABLE PURPOSE | $170,000 |
| UNITED WAY OF GREATER HIGH POINT INC High Point, NC | CHARITABLE PURPOSE | $40,000 |
| VARIOUS INDIVIDUALS High Point, NC | CHARITABLE PURPOSE | $37,550 |
| SECOND HARVEST FOOD BANK Greensboro, NC | CHARITABLE PURPOSE | $26,000 |
| FORWARD HIGH POINT High Point, NC | CHARITABLE PURPOSE | $25,000 |
| GROWING HIGH POINT High Point, NC | CHARITABLE PURPOSE | $25,000 |
| GUILFORD EDUCATION ALLIANCE Greensboro, NC | CHARITABLE PURPOSE | $25,000 |
| PIEDMONT TRIAD PARTNERSHIP Greensboro, NC | CHARITABLE PURPOSE | $25,000 |
| OPEN DOOR MINISTRIES High Point, NC | CHARITABLE PURPOSE | $21,061 |
| DAVIDSON-DAVIE COMMUNITY COLLEGE Thomasville, NC | CHARITABLE PURPOSE | $11,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Founder: Dr. Lenny Peters, who founded Bethany Medical Center in High Point in 1987 and has served on numerous boards including the Piedmont Triad Partnership, High Point Economic Development Corporation, and High Point Chamber of Commerce.
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lenin J Peters | Director & President | 5 | — |
| Donald K Bulla | Director & Vice President | 5 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported several notable initiatives:
**Rowing Championships:** Provided $170,000 grant to support the North Carolina Rowing Championships, a significant rowing event held in April with over 1,000 rowers and thousands of spectators in High Point
Peters Foundation donates to rowing event | News | hpenews.com**High Point Rockers:** Donated 160 tickets to the High Point Rockers baseball team
**Community Support:** Hosted a 24 duffle bag giveaway in partnership with Bethany Medical to provide safe storage for people experiencing homelessness
PTI\u2019s Bethany Medical/Lenny Peters Foundation 5K/10K Run on the Runway\**Coat Giveaway:** Organized coat distribution initiative to provide warmth to those in need
**5K/10K Run Event:** Bethany Medical and Lenny Peters Foundation co-sponsor an annual 5K/10K run benefiting Piedmont Triad hunger relief agencies
PTI\u2019s Bethany Medical/Lenny Peters Foundation 5K/10K Run on the Runway\**Supported Organizations:**
The foundation has provided support to organizations including GTCC Foundation, The Salvation Army, Open Door Ministries, High Point Regional Health Foundation, United Way of Greater High Point, Big Brothers Big Sisters of the Central Piedmont, Hospice of the Piedmont, Family Service of the Piedmont, Community Clinic of High Point, Marine Corps League, Theatre Art Galleries of High Point, High Point Community Theatre, High Point Historical Society, High Point Arts Council, and Boys & Girls Clubs of Greater High Point.
[PDF] building - the future - Davidson-Davie Community CollegeSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Lenny Peters Foundation Inc fund?
The foundation's mission is to assist those in need around the world and in the local community, particularly in North Carolina. The foundation provides funding to: • Needy individuals experiencing temporary financial hardships • Local nonprofit organizations in the Piedmont Triad community • Educational institutions and programs • Human services organizations • Arts and cultural organizations • Community development initiatives
How do I apply for a grant from Lenny Peters Foundation Inc?
The foundation does not accept unsolicited applications and operates on an invitation-only basis. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Lenny Peters Foundation Inc make grants?
The foundation primarily funds organizations and individuals in: • North Carolina (primary focus, especially the Piedmont Triad region) • Florida • Virginia • International programs, including the Jayamatha Orphanage in India
What size grants does Lenny Peters Foundation Inc award?
In 2024, Lenny Peters Foundation Inc awarded 37 grants totaling $515K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Lenny Peters Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lenny Peters Foundation Inc reported a distributable amount of $117K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lenny Peters Foundation Inc's EIN?
Lenny Peters Foundation Inc's EIN (Employer Identification Number) is 20-5359020. IRS Form 990 filing data is available on this page for 2020–2024.
Does Lenny Peters Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.