Perry & Teresa Pearson
Perry & Teresa Pearson is a private foundation based in Ridgewood, New Jersey. Its 2025 filing reports grants to charitable and educational organizations, including recipients in Iowa, Illinois, Arizona, California, and Minnesota.
Perry & Teresa Pearson at a glance
In short: Perry & Teresa Pearson gave $170K across 18 grants in 2025 (avg $9K), mostly in Iowa. 17% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $169,646
- +18.3% vs 2024
- Grants made (2025)
- 18
- -14.3% vs 2024
- Average grant
- $9,425
- +38.0% vs 2024
- Median grant
- $7,000
- Total assets
- $1,929,286
- +31.5% vs 2024
- New grantees (estimate)
- 17% first-time grantees (3 of 18, 2025; small sample)
- Primary geography
- Iowa (60% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Perry & Teresa Pearson
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: C/O L Wollin 3595 E Supernal Circle, Salt Lake City, UT 84121
Phone: (201) 693-6666
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Perry & Teresa Pearson funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Pearson Lakes Art Center ($40K). Together the top 10 received $156K.
Grant Size Distribution
95 grants across all recorded years
The most common grant size was under $50K: 94 grants of 95 (99%).
Geographic Focus
Where this funder awards grants
In 2025, Iowa recipients received 60% of grant dollars, Illinois recipients 19%, Arizona recipients 15%, California recipients 4%, and Minnesota recipients 2%.
Grant Distribution by State
Share of 2025 grant dollars across all 18 itemized grants.
Cities
Is Perry & Teresa Pearson open to new grantees?
17%
first-time grantees, 2025
In 2025, 3 of 18 grantees (17%) were first-time recipients. With only 18 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $4K; repeat grants $11K. How we count
Medians: $3K first-time, $8K repeat.
- 56% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+12%). Method
- In 2025 it paid out 93% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $143K (2024) to $170K (2025). In 2025 it made 18 grants totaling $170K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pearson Lakes Art Center Okoboji, IA | Educational | $39,500 |
| Opportunity International Chicago, IL | Charitable | $23,475 |
| Ability 360 Inc Phoenix, AZ | Charitable | $20,000 |
| Bedell YMCA Spirit Lake, IA | Charitable | $20,000 |
| Historic Arnolds Park Arnolds Park, IA | Charitable | $12,500 |
| Dickinson County Trails Okoboji, IA | Educational | $10,000 |
| Lakeside Lab Milford, IA | Educational | $8,500 |
| Alzheimers Association Chicago, IL | Charitable | $8,000 |
| 3D Robotics San Diego, CA | Educational | $7,000 |
| Okoboji Foundation Okoboji, IA | Charitable | $7,000 |
Ready to take the next step with Perry & Teresa Pearson?
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 | $1,929,286 | $673,749 | $211,876 | $169,646 | 18 | $169,646 | $55,042 | $182,843 |
| 2024 | $1,467,413 | $268,601 | $179,687 | $143,370 | 21 | $143,370 | $230,770 | $132,482 |
| 2023 | $1,378,497 | $133,221 | $197,132 | $165,256 | 19 | $165,256 | $121,526 | $123,572 |
| 2022 | $1,442,409 | $114,807 | $185,708 | $151,315 | 20 | $151,315 | $101,640 | $132,135 |
| 2021 | $1,513,309 | $164,959 | $195,723 | $162,825 | 17 | — | $151,508 | $132,173 |
| 2020 | $1,544,073 | $39,450 | $185,651 | $153,000 | 27 | — | $70,470 | $121,250 |
Under IRS private-foundation payout rules, Perry & Teresa Pearson reported a distributable amount of $183K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included support for organizations with arts, poverty alleviation, recreation, and educational activities. Pearson Lakes Art Center describes its mission as serving Iowa Great Lakes communities through collections, exhibitions, performances, and educational programs. Opportunity International says it provides financial solutions, support, and training to help people living in poverty in developing countries build sustainable incomes and educate their children. Historic Arnolds Park says it provides and preserves family fun in the Iowa Great Lakes area through a historical amusement park, excursion boat, and maritime museum.
Grantmaking
In 2025, the foundation reported 18 grants totaling $169,646. Grant amounts ranged from $500 to $39,500, with a median of $7,000.
Among its largest reported grants were $39,500 to Pearson Lakes Art Center for educational purposes; $23,475 to Opportunity International for charitable purposes; $20,000 to Ability 360 Inc for charitable purposes; $20,000 to Bedell YMCA for charitable purposes; and $12,500 to Historic Arnolds Park for charitable purposes. Other notable grants included $10,000 to Dickinson County Trails and $8,500 to Lakeside Lab, both for educational purposes, and $8,000 to the Alzheimer’s Association for charitable purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Perry Pearson as director and president, Teresa Pearson as director and vice president, and Lonnie Wollin as secretary.
Perry & Teresa Pearson is led by Perry Pearson, Director & President since 2025 (on filings since 2020); 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Perry Pearson
Director & President
President P & T → Director & President, 2025
On filings since 2020
1 hr/week
No compensation reported
Teresa Pearson
Director & Vice President
Vice President P & T → Director & Vice President, 2025
On filings since 2020
1 hr/week
$18K (2025)
Lonnie Wollin
Secretary
Secretary P & T → Secretary, 2025
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $18K, to Teresa Pearson (DIR / VP).
Frequently asked questions about Perry & Teresa Pearson
How much does Perry & Teresa Pearson give each year?
Perry & Teresa Pearson gave $170K across 18 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $143K across 21 grants.
What is Perry & Teresa Pearson's typical grant size?
Perry & Teresa Pearson's median grant in 2025 was $7,000, and its average grant was $9,425, across 18 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Perry & Teresa Pearson that year got $4K on average.
Where does Perry & Teresa Pearson give grants?
Perry & Teresa Pearson gives mostly in Iowa: 60% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Illinois (19%) and Arizona (15%). The most frequent recipient cities were Okoboji, IA (4 grants), Chicago, IL (2 grants), Spirit Lake, IA (2 grants) and Arnolds Park, IA (2 grants).
Does Perry & Teresa Pearson give general operating support?
Not in 2025: none of the 18 grants with a stated purpose on Perry & Teresa Pearson's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (10 grants) and "Educational" (8 grants).
Who are Perry & Teresa Pearson's largest grantees?
Perry & Teresa Pearson's largest 2025 grantees include Pearson Lakes Art Center ($39,500), Opportunity International ($23,475) and Ability 360 Inc ($20,000), according to its 2025 IRS Form 990-PF. Together they received 49% of its itemized 2025 grant dollars.
How large is Perry & Teresa Pearson?
Perry & Teresa Pearson reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $170K in qualifying distributions that year, against a required minimum of $183K (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.
What does Perry & Teresa Pearson fund?
No mission statement for the foundation is provided. Its 2025 grants included support for organizations with arts, poverty alleviation, recreation, and educational activities. See mission & focus areas ↑
How do I apply for a grant from Perry & Teresa Pearson?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Perry & Teresa Pearson's EIN?
Perry & Teresa Pearson's EIN (Employer Identification Number) is 13-3636275. IRS Form 990 filing data is available on this page for 2020–2025.
Does Perry & Teresa Pearson accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 12, 2026)
- IRS filings on file for fiscal years 2020–2025
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Cite this profile
Grantable. (2026). Perry & Teresa Pearson funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/perry-and-teresa-pearson-morg_95e64ec71dce4f4894f52051a6107b16
BibTeX
@misc{grantable_133636275_2026,
author = {{Grantable}},
title = {{Perry \& Teresa Pearson funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/perry-and-teresa-pearson-morg_95e64ec71dce4f4894f52051a6107b16},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Perry & Teresa Pearson's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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