Pearson Family Foundation Inc

VERO BEACH, FL EIN: 59-3279393

Pearson Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VERO BEACH, FL. IRS filing data is available from 2020 through 2023. In 2023, it awarded 8 grants totaling $1.0M. Net investment income was $96K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$1.0M

+938.4% YoY

Grant Count

+166.7% YoY

Avg Grant Size

$129K

+289.4% YoY

Under IRS private-foundation payout rules, Pearson Family Foundation Inc reported a distributable amount of $31K for 2023 — the minimum it must pay out in qualifying distributions.

About Pearson Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with Pearson Family Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $1.3M (94%)

Pennsylvania $65K (5%)

Texas $10K (1%)

California $3K (0%)

States

California Florida Pennsylvania Texas

Cities

AmbridgeLeetsdaleOrlandoSan DiegoVero BeachWaco

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$932,908	$961,769
Revenue	$111,516	$80,151	$179,115
Expenses	$1,044,424	$109,012	$181,968
Qualifying Distributions	$1,028,050	$99,000	$177,000
Net Investment Income	$96,182	$74,250	$174,147
Distributable Amount	$30,782	$82,834	$77,255

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2023

Grant Size Distribution

16 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Schwab Charitable- Nehemiah Fund ($936,050), Gifford Youth Achievement Center ($30,000), Trinity School for Ministry ($25,000).

Recipient	Purpose	Amount
CHRIST CHURCH VERO BEACH VERO BEACH, FL	UNRESTRICTED	$16,000
SCHWAB CHARITABLE- NEHEMIAH FUND ORLANDO, FL	UNRESTRICTED	$936,050
TRINITY SCHOOL FOR MINISTRY AMBRIDGE, PA	UNRESTRICTED	$25,000
BRAZOS FELLOWS WACO, TX	UNRESTRICTED	$10,000
GIFFORD YOUTH ACHIEVEMENT CENTER VERO BEACH, FL	UNRESTRICTED	$30,000
ANGLICANS FOR LIFE LEETSDALE, PA	UNRESTRICTED	$5,000
JOHN'S ISLAND COMMUNITY SERVICE LEAGUE VERO BEACH, FL	UNRESTRICTED	$1,000
CARE NET PREGNANCY CENTER OF INDIAN RIVER COUNTY VERO BEACH, FL	UNRESTRICTED	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
DAVID E PEARSON	TREASURER	2	—
CAROL M PEARSON	PRESIDENT	2	—
JENNIFER L GARVEY	SECRETARY	1	—
ERICA J BAKER	VICE PRESIDENT	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Pearson Family Foundation Inc?

Pearson Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VERO BEACH, FL. It holds — in total assets as of 2023.

Where does Pearson Family Foundation Inc operate?

Pearson Family Foundation Inc has awarded grants in California, Florida, Pennsylvania, Texas.

What size grants does Pearson Family Foundation Inc award?

In 2023, Pearson Family Foundation Inc awarded 8 grants totaling $1.0M — an average of about $129K per grant, based on its IRS Form 990 filings.

How much is Pearson Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Pearson Family Foundation Inc reported a distributable amount of $31K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.