Peers Network
Peers Network is a private foundation, based in La Jolla, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $228K in total assets. In 2025, it awarded 1 grant totaling $2K. Net investment income was $10K.
Peers Network at a glance
In short: Peers Network gave $2K across 1 grant in 2025 (avg $2K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,500
- -34.3% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $1,500
- +31.4% vs 2024
- Median grant
- $1,500
- Total assets
- $228,442
- +29.7% vs 2024
- Primary geography
- California (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 Peers Network funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Rady Children's Hospital San Diego ($2K).
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Peers Network gives
- Giving fell 79% from 2022 to 2025. Method
- In 2025 it paid out 76% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2025, annual grant giving ranged from $2K (2025) to $66K (2021). In 2025 it made 1 grant totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rady Children's Hospital San Diego San Diego, CA | General | $1,500 |
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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 | $228,442 | $42,054 | $7,060 | $1,500 | 1 | $6,898 | $9,574 | $9,095 |
| 2024 | $176,150 | $19,260 | $46,810 | $2,283 | 2 | $46,724 | $11,672 | $9,007 |
| 2023 | $199,930 | $31,490 | $15,889 | — | — | $15,759 | $6,162 | $9,003 |
| 2022 | $171,937 | $77,291 | $48,144 | $7,000 | 5 | $48,017 | $9,325 | $9,063 |
| 2021 | $204,455 | $248,037 | $216,018 | $65,978 | 9 | $215,807 | $9,154 | $9,729 |
| 2020 | $163,003 | $68,701 | $68,120 | $46,157 | 9 | — | $15,194 | $6,282 |
Under IRS private-foundation payout rules, Peers Network reported a distributable amount of $9K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Peers Network is led by Justin Brennan, President on every filing since 2024; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Justin Brennan
President
On filings since 2024
5 hrs/week
No compensation reported
Chris Craft
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
John Rubey
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Tim Callan
Membership
On filings since 2020
2 hrs/week
No compensation reported
Former officers (2)
- Former: Channing Hamlet (2021–2023) — President
- Former: Masud Sarwary (2020) — President
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 Peers Network
How much does Peers Network give each year?
Peers Network gave $2K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2K across 2 grants.
How large is Peers Network?
Peers Network reported $228K in total assets on its 2025 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $9K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Peers Network operate?
Peers Network has awarded grants in California.
What is Peers Network's EIN?
Peers Network's EIN (Employer Identification Number) is 37-1748608. 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.
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 28, 2026)
- IRS filings on file for fiscal years 2020–2024
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