Michael L Peterson Foundation
Michael L Peterson Foundation is a private foundation, based in Cedar Falls, IA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $3.8M in total assets. In 2025, it awarded 3 grants totaling $851K. Net investment income was $3.8M.
Michael L Peterson Foundation at a glance
In short: Michael L Peterson Foundation gave $851K across 3 grants in 2025 (avg $284K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $851,000
- +161.0% vs 2024
- Grants made (2025)
- 3
- -25.0% vs 2024
- Average grant
- $283,667
- +248.1% vs 2024
- Median grant
- $50,000
- Total assets
- $3,822,311
- +1352.9% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Michael L Peterson Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was We Will Collective ($800K). Together the top 3 received $851K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 4 grants of 8 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Michael L Peterson Foundation gives
- In 2024 it paid out 537% 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 2023 to 2025, annual grant giving ranged from $150K (2023) to $851K (2025). In 2025 it made 3 grants totaling $851K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| We Will Collective Des Moines, IA | Support of a local charity that supports the local community | $800,000 |
| Clear Lake Development Foundation Clear Lake, IA | Support of a local charity that supports the local community | $50,000 |
| No Foot Too Small Coralville, IA | Support of a local charity that supports the local community | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,822,311 | $7,755,460 | $856,167 | $851,000 | 3 | $852,000 | $3,813,960 | — |
| 2024 | $263,090 | $289,676 | $334,679 | $326,000 | 4 | $327,750 | $197,926 | $61,021 |
| 2023 | $308,093 | $173,225 | $150,000 | $150,000 | 1 | $150,000 | $173,225 | $86,563 |
| 2022 | $284,868 | $2,147,950 | — | — | — | — | — | $3,192 |
Leadership & Key People
Officers and directors from IRS filings
Michael L Peterson Foundation is led by Michael L. Peterson, Trustee on every filing since 2022 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Michael L. Peterson
Trustee
On filings since 2022
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "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 Michael L Peterson Foundation
How much does Michael L Peterson Foundation give each year?
Michael L Peterson Foundation gave $851K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $326K across 4 grants.
What is Michael L Peterson Foundation's typical grant size?
Michael L Peterson Foundation's median grant in 2025 was $50,000, and its average grant was $283,667, across 3 grants on its 2025 IRS Form 990-PF.
Where does Michael L Peterson Foundation give grants?
Michael L Peterson Foundation gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Michael L Peterson Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Michael L Peterson Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support of a Local Charity That Supports the Local Community" (3 grants).
How large is Michael L Peterson Foundation?
Michael L Peterson Foundation reported $3.8M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $7.8M.
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 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2022–2024
Explore Open Grants
Browse active grant opportunities in Michael L Peterson Foundation's focus areas in our free grants database
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