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
Under IRS private-foundation payout rules, The Michael & Jody Petrie Foundation Inc reported a distributable amount of $284K for 2024 — the minimum it must pay out in qualifying distributions.
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:
Ready to take the next step with The Michael & Jody Petrie Foundation Inc?
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
Among its reported 2024 grants, the largest include St Luke's Catholic Church ($104,129), Logansport Parks & Recreation Foundation ($100,000), First Baptist Church ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 500 FESTIVAL FOUNDATION INDIANAPOLIS, IN | TO PRODUCE LIFE-ENRICHING EVENTS AND PROGRAMS THAT CELEBRATE THE SPIRIT AND LEGACY OF THE INDIANAPOLIS 500 AND POSITIVELY IMPACT THE COMMUNITY. | $25,000 |
| FIRST BAPTIST CHURCH INDIANAPOLIS, IN | TO SUPPORT YOUTH SPORTS DEVELOPMENT. | $50,000 |
| HARRISON CENTER INDIANAPOLIS, IN | TO SUPPORT THE PERFORMING ARTS IN INDIANAPOLIS | $1,000 |
| HIGHLAND GOLF AND COUNTRY CLUB FOUNDATION INDIANAPOLIS, IN | THE HIGH SCHOOL GOLF PROGRAM, INDIANA FIRST TEE PROGRAM AND THE PGA HOPE PROGRAM. | $5,000 |
| HOLY FAMILY SHELTER INDIANAPOLIS, IN | PROVIDING SUPPORT FOR HOMELESS FAMILIES. | $5,000 |
| IU FOUNDATION BLOOMINGTON, IN | SUPPORT EDUCATION AT INDIANA UNIVERSITY THROUGH THE KELLEY SCHOOL OF BUSINESS. | $22,000 |
| RIGHT TO LIFE OF INDIANAPOLIS INDIANAPOLIS, IN | TO SUPPORT THE SPREAD OF THE PRO-LIFE MESSAGE IN THE INDIANAPOLIS AREA. | $5,000 |
| SACRED HEART OF JESUS INDIANAPOLIS, IN | CATHOLIC CHURCH | $1,000 |
| SPECIAL OLYMPICS INDIANA WASHINGTON COUNTY PELKIN, IN | TO SUPPORT THOSE WITH SPECIAL NEEDS AND DISABILITIES COMPETE AND HAVE FUN. | $10,000 |
| ST LUKE'S CATHOLIC CHURCH INDIANAPOLIS, IN | CATHOLIC CHURCH | $104,129 |
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
Frequently Asked Questions
What does The Michael & Jody Petrie Foundation Inc fund?
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 organ…
How do I apply for a grant from The Michael & Jody Petrie Foundation Inc?
**Grant Activity:** • Total giving (2023): $495,700 • Number of grants made (2023): 17 grants • Typical award range: $1,000–$125,000 **Recent Grant Examples (2023):** • CYO Catholic Youth Organization: $125,000 • St Luke Catholic Church Indianapolis: $75,000 • Traders Point Christian Church: $50,000 The foundation has also made significant grants to educational institutions, including: • $1,000,000 to CUNY for a FAFSA Completion Program • $75,000 to Guttman Community College for student emergen…
Where does The Michael & Jody Petrie Foundation Inc make grants?
The foundation primarily funds organizations in: • Indiana • New York • North Carolina
What size grants does The Michael & Jody Petrie Foundation Inc award?
In 2024, The Michael & Jody Petrie Foundation Inc awarded 21 grants totaling $487K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is The Michael & Jody Petrie Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michael & Jody Petrie Foundation Inc reported a distributable amount of $284K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Michael & Jody Petrie Foundation Inc's EIN?
The Michael & Jody Petrie Foundation Inc's EIN (Employer Identification Number) is 46-4616018. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Michael & Jody Petrie Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Lilly Endowment Inc
INDIANAPOLIS, IN
Assets
$79.9B
Grants
1,808
Total Given
$2.3B
Central Indiana Community Foundation Inc
INDIANAPOLIS, IN
Assets
$583.5M
Grants
525
Total Given
$31.1M
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
The Us Charitable Gift Trust
BOSTON, MA
Assets
$2.2B
Grants
6,518
Total Given
$231.4M
Dorsey Foundation Inc
INDIANAPOLIS, IN
Assets
—
Grants
52
Total Given
$851K
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Natl Christian Charitable Fdn Inc
ALPHARETTA, GA
Assets
$6.1B
Grants
16,327
Total Given
$2.6B
The Pfizer Foundation Inc
NEW YORK, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
United Way of Central Indiana Inc
INDIANAPOLIS, IN
Assets
$255.2M
Grants
370
Total Given
$29.9M
The Semler Family Foundation Inc
INDIANAPOLIS, IN
Assets
$1.8M
Grants
31
Total Given
$95K
WK Kellogg Foundation
BATTLE CREEK, MI
Assets
$454.4M
Grants
1,778
Total Given
$286.5M
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Michael & Jody Petrie Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities