Pettit Family Charitable Foundation
The Pettit Family Charitable Foundation is a private foundation established in 1989 and funded in 1990, based in Gaithersburg, Maryland. It operates as a 501(c)(3) organization with tax-exempt status since January 1990. The foundation was created from the estate legacy of John H. Pettit, founder of Pettit & Griffin, Inc., a residential and commercial developer in Montgomery County established in 1963. The foundation continues to serve local, regional, and national organizations with a primary focus on shelter and hunger relief.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.4M
+1.6% YoY
Annual Giving
$260K
-0.0% YoY
Grant Count
46
+2.2% YoY
Avg Grant Size
$6K
-2.2% YoY
Mission & Focus Areas
The foundation's mission centers on helping and serving the needs of others in surrounding communities. Primary funding areas include:
- Shelter support
- Hunger relief
- Medical support
- Education support
- Disaster relief
- General support
Grantmaking
The foundation made 45 grants in 2023, with recent notable grants including:
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Geographic Focus
Where this funder awards grants
The foundation funds organizations at local, regional, and national levels, with demonstrated giving in Maryland and Connecticut.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $5,377,836
- Revenue: $393,141
- Expenses: $309,593
- Net Income: $83,548
- Total Liabilities: $81
As of December 2023:
- Total Assets: $5,294,288
- Total Revenue: $285,009
- Total Expenses: $306,188
The foundation has zero employees and operates with volunteer leadership.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,377,917 | $5,294,288 | $5,316,142 |
| Revenue | $393,141 | $285,009 | $283,932 |
| Expenses | $309,593 | $306,188 | $302,608 |
| Qualifying Distributions | $260,140 | $260,200 | $257,100 |
| Net Investment Income | $350,089 | $243,896 | $243,291 |
| Distributable Amount | $242,670 | $241,979 | $251,665 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
223 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Richard (Dick) B. Pettit – President
- Brian W. Pettit – Vice President
- Jeanne M. Pettit – Marketing Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Richard B Pettit | Manager | 1 | — |
| John Stephen Pettit | Trustee | — | — |
| Carol Ann Pettit Fahrner | Trustee | — | — |
| Barbara Lynn Kelly | Manager | — | — |
| Jeanne Marie Pettit | Manager | — | — |
Contact Information
Address: 18205d Flower Hill Way, Gaithersburg, MD 20879-5331
Telephone: 301-975-1020
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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