The Michael & Jody Petrie Foundation Inc
The Michael & Jody Petrie Foundation is a private foundation based in Carmel, Indiana. Established in 2014, it operates as a 501(c)(3) organization with no employees, functioning as an independent grantmaking foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.2M
-7.1% YoY
Annual Giving
$487K
-1.7% YoY
Grant Count
21
-8.7% YoY
Avg Grant Size
$23K
+7.6% YoY
Mission & Focus Areas
The foundation focuses on the following primary areas:
- Education — including support for FAFSA completion programs and student emergency funds
- Philanthropy, Voluntarism & Grantmaking
- Human Services — including poverty intervention and improving lives through strategic grants
- Natural Resource Conservation — preserving Indiana's natural areas
- Military Support — supporting wounded warrior initiatives
The foundation also supports faith-based and youth development organizations.
Grantmaking
The foundation has also made significant grants to educational institutions, including:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Indiana
- New York
- North Carolina
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $5,552,679
- Total giving: $495,700
- Total revenues: $1,446,662
- Total expenses: $502,106
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,160,249 | $5,552,679 | $2,814,921 |
| Revenue | $1,090,498 | $1,446,662 | $901,674 |
| Expenses | $503,378 | $502,106 | $332,832 |
| Qualifying Distributions | $487,129 | $495,700 | $330,000 |
| Net Investment Income | $61,956 | $466,989 | $117,408 |
| Distributable Amount | $283,783 | $171,368 | $497 |
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
103 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL F PETRIE | PRESIDENT AND TREASURER | 3 | — |
| JODY J PETRIE | VICE PRESIDENT AND SECRETARY | 1.5 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported several notable educational initiatives:
Awarded $1 million to The City University of New York to launch a FAFSA Completion Program in response to unprecedented delays in the national rollout
Petrie Foundation Awards CUNY $1 Million to Launch New FAFSA Completion\Provided $75,000 to Guttman Community College to support student emergency funds
Petrie Foundation Awards $75,000 to Guttman Community College to Support\Made multi-million dollar gifts to support Teachers College NYC Teacher Fellowship Program
Petrie Foundation Awards $75,000 to Guttman Community College to Support\Renewed funding for grants at CUNY School of Professional Studies
Supported transfer student success initiatives at Brooklyn College
The Petrie Foundation Helps to Support Transfer Student Success at Brooklyn\Subject Areas
Focus areas based on grantmaking activity
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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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