Norman E Peterson and Diana Lager Peterson Educational Fund Inc
Norman E Peterson and Diana Lager Peterson Educational Fund Inc is a private foundation, based in Sarasota, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 13 grants totaling $39K. Net investment income was $107K.
Key facts about Norman E Peterson and Diana Lager Peterson Educational Fund Inc
In short: Norman E Peterson and Diana Lager Peterson Educational Fund Inc gave $39K across 13 grants in 2025 (avg $3K), mostly in Florida. 31% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 59-2749952
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $38,500
- Grants made (2025)
- 13
- Average grant
- $2,962
- Median grant
- $2,500
- New grantees (estimate)
- 31% first-time grantees (4 of 13, 2025)
- Total assets
- $1,100,818
- Primary geography
- Florida (64% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.1M
+5.4% YoY
Annual Giving
$39K
-59.6% YoY
Grant Count
13
-48.0% YoY
Avg Grant Size
$3K
-22.3% YoY
Under IRS private-foundation payout rules, Norman E Peterson and Diana Lager Peterson Educational Fund Inc reported a distributable amount of $76K for 2025 — the minimum it must pay out in qualifying distributions.
Is Norman E Peterson and Diana Lager Peterson Educational Fund Inc open to new grantees?
31%
first-time grantees, 2025
In 2025, 4 of 13 grantees (31%) were first-time recipients. First grants averaged $3K; repeat grants $3K. How we count
Medians: $3K first-time, $3K repeat.
- 69% of 2025 grantees were also funded in 2024. Method
- Giving fell 49% from 2022 to 2025. Method
- In 2025 it paid out 66% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2025 grant dollars.
Cities
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 2025
Grant Size Distribution
106 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Jewish Committee DBA AJC New York, NY | general operating support | $5,000 |
| Embracing Our Differences Inc Sarasota, FL | general operating support | $4,000 |
| Country Dance and Song Society Easthampton, MA | general operating support | $3,000 |
| Hermitage Artist Retreat Inc Englewood, FL | general operating support | $3,000 |
| Pinewoods Camp Inc Plymouth, MA | general operating support | $3,000 |
| Wm J Brennan Center For Justice Inc New York, NY | general operating support | $3,000 |
| Sarasota Art Museum Sarasota, FL | general operating support | $2,500 |
| Ringling Museum of Art Fdn Inc Sarasota, FL | general operating support | $2,500 |
| Library Fdn of Sarasota County Inc Sarasota, FL | general operating support | $2,500 |
| Ringling College of Art and Design Sarasota, FL | general operating support | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,100,818 | $1,044,831 | $1,105,598 |
| Revenue | $122,339 | $57,745 | $52,749 |
| Expenses | $66,059 | $118,341 | $91,257 |
| Qualifying Distributions | $50,527 | $104,092 | $78,661 |
| Net Investment Income | $106,807 | $43,496 | $40,153 |
| Distributable Amount | $76,266 | $72,361 | $63,704 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 20, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 10, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 19, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Norman E Peterson and Diana Lager Peterson Educational Fund Inc is led by Diana Lager, President since 2022 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Diana Lager
President
Director → President, 2022
On filings since 2020
1 hr/week
No compensation reported
David Schimek
Director
On filings since 2020
No compensation reported
Paul M Schimek
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Norman E Peterson and Diana Lager Peterson Educational Fund Inc
How much does Norman E Peterson and Diana Lager Peterson Educational Fund Inc give each year?
Norman E Peterson and Diana Lager Peterson Educational Fund Inc gave $39K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $95K across 25 grants.
What is Norman E Peterson and Diana Lager Peterson Educational Fund Inc's typical grant size?
Norman E Peterson and Diana Lager Peterson Educational Fund Inc's median grant in 2025 was $2,500, and its average grant was $2,962, across 13 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Norman E Peterson and Diana Lager Peterson Educational Fund Inc that year got $3K on average.
Where does Norman E Peterson and Diana Lager Peterson Educational Fund Inc give grants?
Norman E Peterson and Diana Lager Peterson Educational Fund Inc gives mostly in Florida: 64% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (21%) and Massachusetts (16%). The most frequent recipient cities were Sarasota, FL (8 grants) and New York, NY (2 grants).
Does Norman E Peterson and Diana Lager Peterson Educational Fund Inc give general operating support?
Yes: 100% of Norman E Peterson and Diana Lager Peterson Educational Fund Inc's 2025 grants with a stated purpose (13 of 13) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Norman E Peterson and Diana Lager Peterson Educational Fund Inc's largest grantees?
Norman E Peterson and Diana Lager Peterson Educational Fund Inc's largest 2025 grantees include American Jewish Committee DBA AJC ($5,000), Embracing Our Differences Inc ($4,000) and Country Dance and Song Society ($3,000), according to its 2025 IRS Form 990-PF. Together they received 31% of its itemized 2025 grant dollars.
How large is Norman E Peterson and Diana Lager Peterson Educational Fund Inc?
Norman E Peterson and Diana Lager Peterson Educational Fund Inc reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $51K in qualifying distributions that year, against a required minimum of $76K (roughly 5% of its investment assets).
What is Norman E Peterson and Diana Lager Peterson Educational Fund Inc's EIN?
Norman E Peterson and Diana Lager Peterson Educational Fund Inc's EIN (Employer Identification Number) is 59-2749952. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Norman E Peterson and Diana Lager Peterson Educational Fund Inc by hand.
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