Petersen Family Foundation

Private foundation · Grantmaker Sugar Land, TX EIN: 81-4547001

Petersen Family Foundation is a private foundation, based in Sugar Land, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $17.6M in total assets. In 2025, it awarded 1 grant totaling $18.1M. Net investment income was $4.9M.

Petersen Family Foundation at a glance

In short: Petersen Family Foundation gave $18.1M across 1 grant in 2025 (avg $18.1M), mostly in Texas. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$18,144,667
+128.4% vs 2024
Grants made (2025)
1
+0.0% vs 2024
Average grant
$18,144,667
+128.4% vs 2024
Median grant
$18,144,667
Total assets
$17,552,850
+16.6% vs 2024
Primary geography
Texas (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 Petersen Family Foundation funds

How this funder distributes its grants

Grant Size Distribution

10 grants across all recorded years

<$50K1$50–100K3$100–250K1$250–500K1$500K–1M2$1–5M2$5M+

The most common grant size was in the $100–250K range: 3 grants of 10 (30%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

HoustonLubbock

How Petersen Family Foundation gives

  • Giving grew 3932% from 2022 to 2025. Method
  • In 2025 it paid out well above 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

$0$5M$10M$15M$20M3 grants2019 4 grants2020 3 grants2021 4 grants2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $450K (2022) to $18.1M (2025). In 2025 it made 1 grant totaling $18.1M.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
See statement attached See Statement, TXUnrestricted useby each recipient$18,144,667
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$17,552,850$25,781,029$18,282,669$18,144,6671$18,144,667$4,944,514$793,075
2024$15,050,030$12,527,419$8,041,547$7,944,8341$7,944,834$2,683,168$645,406
2023$12,623,012$6,035,636$1,557,750$1,500,0001$1,500,000$1,878,270$503,262
2022$9,778,891$1,538,153$503,804$450,0004—$223,977$438,986
2021$8,769,166$1,212,564$1,799,647$1,750,0003$1,750,000$320,840$427,239
2020$9,384,576$1,473,687$1,998,150$1,950,0004—$201,110$436,361
2019$9,933,189$1,853,349$1,800,012$1,750,0003—$58,241$450,367

Under IRS private-foundation payout rules, Petersen Family Foundation reported a distributable amount of $793K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Petersen Family Foundation is led by Gary RPetersen, President on every filing since 2019; 1 of 3 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Gary RPetersen

    President

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Christopher R Petersen

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Jay F Rea

    Secretary & Treasurer

    On filings since 2019

    2 hrs/week

    $4K (2020) → $8K (2025)

Former officers (1)
  • Former: Richard S Snell (2019–2022) — Director

Data from IRS Form 990 filings, 2019–2025. "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

Jay F Rea — Secy/Treas: $8KJay F ReaSecy/Treas$8K

The highest reported compensation on the 2025 filing was $8K, to Jay F Rea (Secy/Treas).

Frequently asked questions about Petersen Family Foundation

How much does Petersen Family Foundation give each year?

Petersen Family Foundation gave $18.1M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $7.9M across 1 grant.

How large is Petersen Family Foundation?

Petersen Family Foundation reported $17.6M in total assets on its 2025 IRS Form 990-PF. It paid out $18.1M in qualifying distributions that year, against a required minimum of $793K (roughly 5% of its investment assets).

Where does Petersen Family Foundation operate?

Petersen Family Foundation has awarded grants in Texas.

What is Petersen Family Foundation's EIN?

Petersen Family Foundation's EIN (Employer Identification Number) is 81-4547001. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(3)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS April 29, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Live grants for the work Petersen Family Foundation funds

Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Petersen Family Foundation'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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