Peterman Scholarship Fund
Peterman Scholarship Fund is a private foundation, based in Williamsburg, MI. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $53K in total assets. In 2025, it awarded 4 grants totaling $4K. Net investment income was $1K.
Peterman Scholarship Fund at a glance
In short: Peterman Scholarship Fund gave $4K across 4 grants in 2025 (avg $1K), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,000
- +33.3% vs 2024
- Grants made (2025)
- 4
- +33.3% vs 2024
- Average grant
- $1,000
- +0.0% vs 2024
- Median grant
- $1,000
- Total assets
- $52,993
- +54.7% vs 2024
- Primary geography
- Michigan (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 Peterman Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was NMC Foundation ($1K).
Organizations only. It also paid 3 individual scholarships ($3,000), which are not listed by name.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Peterman Scholarship Fund gives
- Giving grew 300% from 2022 to 2025. Method
- In 2025 it paid out 100% 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 2022 to 2025, annual grant giving ranged from $1K (2022) to $4K (2025). In 2025 it made 4 grants totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 individual scholarships Recipients not named | — | $3,000 |
| NMC Foundation Traverse City, MI | For Education of Elk Rapids Students | $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 | $52,993 | $22,806 | $5,928 | $4,000 | 4 | $4,000 | $1,383 | $3,989 |
| 2024 | $34,264 | $26,779 | $4,546 | $3,000 | 3 | $3,000 | $1,317 | $2,943 |
| 2023 | $32,163 | $23,306 | $6,217 | $2,000 | 2 | $2,000 | — | $1,413 |
| 2022 | $17,071 | $18,071 | $1,000 | $1,000 | 1 | $1,000 | $748 | $811 |
Under IRS private-foundation payout rules, Peterman Scholarship Fund reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Peterman Scholarship Fund is led by James Peterman, President since 2024 (on filings since 2022); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
James Peterman
President
Vice President → President, 2024
On filings since 2022
0.3 hrs/week
No compensation reported
Julie Rittenhouse
Trustee
On filings since 2022
0.3 hrs/week
No compensation reported
Jeff Peterrman
Trustee
On filings since 2024
0.3 hrs/week
No compensation reported
Ruth Peterman
Secretary
On filings since 2022
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Elmer F. Peterman (2022–2024) — President-Un
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 Peterman Scholarship Fund
How much does Peterman Scholarship Fund give each year?
Peterman Scholarship Fund gave $4K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 3 grants.
What is Peterman Scholarship Fund's typical grant size?
Peterman Scholarship Fund's median grant in 2025 was $1,000, and its average grant was $1,000, across 4 grants on its 2025 IRS Form 990-PF.
Where does Peterman Scholarship Fund give grants?
Peterman Scholarship Fund gives mostly in Michigan: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Peterman Scholarship Fund give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Peterman Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Collegiate Scholarship" (3 grants).
How large is Peterman Scholarship Fund?
Peterman Scholarship Fund reported $53K in total assets on its 2025 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
What is Peterman Scholarship Fund's EIN?
Peterman Scholarship Fund's EIN (Employer Identification Number) is 87-4078953. 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
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 20, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 3, 2026)
- IRS filings on file for fiscal years 2022–2024
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