Michael L Peterson Foundation

CEDAR FALLS, IA EIN: 88-2856860

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with Michael L Peterson Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Iowa $476K (100%)

States

Iowa

Cities

AmesCedar FallsClear LakeCoralvilleDes Moines

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.