Michael L Peterson Foundation
Michael L Peterson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CEDAR FALLS, IA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $263K in total assets. In 2024, it awarded 4 grants totaling $326K. Net investment income was $198K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$263K
-14.6% YoY
Annual Giving
$326K
+117.3% YoY
Grant Count
4
+300.0% YoY
Avg Grant Size
$82K
-45.7% YoY
Under IRS private-foundation payout rules, Michael L Peterson Foundation reported a distributable amount of $61K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael L Peterson Foundation
Based on IRS filings
Michael L Peterson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CEDAR FALLS, IA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $263K in total assets. In 2024, it awarded 4 grants totaling $326K. Net investment income was $198K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $263,090 | $308,093 | $284,868 |
| Revenue | $289,676 | $173,225 | $2,147,950 |
| Expenses | $334,679 | $150,000 | — |
| Qualifying Distributions | $327,750 | $150,000 | — |
| Net Investment Income | $197,926 | $173,225 | — |
| Distributable Amount | $61,021 | $86,563 | $3,192 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include We Will Collective ($300,000), City of Clear Lake ($20,000), Iowa State University Foundation ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WE WILL COLLECTIVE DES MOINES, IA | SUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | $300,000 |
| CITY OF CLEAR LAKE CLEAR LAKE, IA | PROGRAM THAT SUPPORTS THE LOCAL COMMUNITY | $20,000 |
| NO FOOT TOO SMALL CORALVILLE, IA | SUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | $1,000 |
| IOWA STATE UNIVERSITY FOUNDATION AMES, IA | SUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL L PETERSON | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael L Peterson Foundation?
Michael L Peterson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CEDAR FALLS, IA. It holds $263K in total assets as of 2024.
How large is Michael L Peterson Foundation?
As of 2024, Michael L Peterson Foundation holds $263K in total assets with $290K in annual revenue. It awarded 4 grants totaling $326K in 2024.
Where does Michael L Peterson Foundation operate?
Michael L Peterson Foundation has awarded grants in Iowa.
What size grants does Michael L Peterson Foundation award?
In 2024, Michael L Peterson Foundation awarded 4 grants totaling $326K — an average of about $82K per grant, based on its IRS Form 990 filings.
How much is Michael L Peterson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael L Peterson Foundation reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael L Peterson Foundation's EIN?
Michael L Peterson Foundation's EIN (Employer Identification Number) is 88-2856860. IRS Form 990 filing data is available on this page for 2022–2024.
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Browse active grant opportunities in Michael L Peterson Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.