The Michael & Jody Petrie Foundation Inc
The Michael & Jody Petrie Foundation Inc is a private foundation based in Carmel, Indiana. Its 2024 grants supported charitable organizations, including churches, community organizations, education, housing, and sports and recreation programs.
The Michael & Jody Petrie Foundation Inc at a glance
In short: The Michael & Jody Petrie Foundation Inc gave $487K across 21 grants in 2024 (avg $23K), mostly in Indiana. 43% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $487,129
- -1.7% vs 2023
- Grants made (2024)
- 21
- -8.7% vs 2023
- Average grant
- $23,197
- +7.6% vs 2023
- Median grant
- $6,000
- Total assets
- $5,160,249
- -7.1% vs 2023
- New grantees (estimate)
- 43% first-time grantees (9 of 21, 2024; small sample)
- Primary geography
- Indiana (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Michael & Jody Petrie Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests. It makes contributions only to preselected charitable organizations. The filing lists Michael F. Petrie as the contact; application materials, deadlines, and award restrictions are listed as N/A.
- Contact
Application contact: Michael F Petrie
Mailing address: 410 Monon Blvd, Carmel, IN 46032
Phone: (317) 569-7420
Email: mpetrie@prmic.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Michael & Jody Petrie Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was St Luke's Catholic Church ($104K). Together the top 10 received $446K.
Grant Size Distribution
103 grants across all recorded years
The most common grant size was under $50K: 82 grants of 103 (80%).
Geographic Focus
Where this funder awards grants
In 2024, 99% of grant dollars went to recipients in Indiana and 1% went to recipients in Florida. The listed grants show substantial support for Indiana organizations, including recipients in Indianapolis, Logansport, Noblesville, Bloomington, and other communities.
Grant Distribution by State
Share of 2024 grant dollars across all 21 itemized grants.
Cities
Is The Michael & Jody Petrie Foundation Inc open to new grantees?
43%
first-time grantees, 2024
In 2024, 9 of 21 grantees (43%) were first-time recipients. With only 21 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $20K; repeat grants $25K. How we count
Medians: $5K first-time, $16K repeat.
- 48% of 2024 grantees were also funded in 2023. Method
- Giving grew 68% from 2021 to 2024. Method
- In 2024 it paid out 172% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $289K (2021) to $496K (2023). In 2024 it made 21 grants totaling $487K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Luke's Catholic Church Indianapolis, IN | Catholic Church | $104,129 |
| Logansport Parks & Recreation Foundation Logansport, IN | To Support Dykeman Golf Course Clubhouse Project. | $100,000 |
| First Baptist Church Indianapolis, IN | To Support Youth Sports Development. | $50,000 |
| Trader's Point Christian Church Whitestown, IN | Christian Church | $50,000 |
| Aspire - Progress Housing Noblesville, IN | To support their mission of making health and well-being a reality. | $50,000 |
| 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 |
| Villa Licci Brownsburg, IN | To provide assistance in building a residence for those with traumatic brain injuries. | $25,000 |
| Iu Foundation Bloomington, IN | Support education at Indiana university through the kelley school of business. | $22,000 |
| Special Olympics Indiana Washington County Pelkin, IN | To support those with special needs and disabilities compete and have fun. | $10,000 |
| United Catholic Appeal Indianapolis, IN | Provides Programs and Services for Those in Need. | $10,000 |
Ready to take the next step with The Michael & Jody Petrie Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,160,249 | $1,090,498 | $503,378 | $487,129 | 21 | $487,129 | $61,956 | $283,783 |
| 2023 | $5,552,679 | $1,446,662 | $502,106 | $495,700 | 23 | $495,700 | $466,989 | $171,368 |
| 2022 | $2,814,921 | $901,674 | $332,832 | $330,000 | 21 | $330,000 | $117,408 | $497 |
| 2021 | $3,099,779 | $673,501 | $289,444 | $289,250 | 21 | $289,250 | $21,603 | $2,649 |
| 2020 | $1,547,429 | $574,828 | $313,103 | $313,000 | 17 | — | $13,946 | $4,446 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s own mission is not stated in the available information. Its 2024 grants show support for a range of organizations and activities. For example, Villa Licci describes its mission as providing a safe, welcoming housing environment for people with acquired brain injuries, while the 500 Festival Foundation says its mission is to generate funds for the mission of 500 Festival Inc. Other 2024 recipients included organizations focused on education, community services, faith, and sports.
Grantmaking
In 2024, the foundation made 21 grants totaling $487,129. Awards ranged from $1,000 to $104,129, with a median grant of $6,000. Notable grants included $104,129 to St Luke’s Catholic Church in Indianapolis, $100,000 to Logansport Parks & Recreation Foundation for a golf course clubhouse project, and $50,000 each to First Baptist Church, Trader’s Point Christian Church, and Aspire – Progress Housing. The foundation also awarded $25,000 to the 500 Festival Foundation and $25,000 to Villa Licci.
Leadership & Key People
Leadership team and compensation from IRS filings
Michael F. Petrie is president and treasurer. Jody J. Petrie is vice president and secretary.
The Michael & Jody Petrie Foundation Inc is led by Michael F. Petrie, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael F. Petrie
President & Treasurer
On filings since 2020
3 hrs/week
No compensation reported
Jody J. Petrie
Vice President & Secretary
On filings since 2020
1.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 The Michael & Jody Petrie Foundation Inc
How much does The Michael & Jody Petrie Foundation Inc give each year?
The Michael & Jody Petrie Foundation Inc gave $487K across 21 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $496K across 23 grants.
What is The Michael & Jody Petrie Foundation Inc's typical grant size?
The Michael & Jody Petrie Foundation Inc's median grant in 2024 was $6,000, and its average grant was $23,197, across 21 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Michael & Jody Petrie Foundation Inc that year got $20K on average.
Where does The Michael & Jody Petrie Foundation Inc give grants?
The Michael & Jody Petrie Foundation Inc gives mostly in Indiana: 99% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Indianapolis, IN (10 grants), Bloomington, IN (2 grants) and Carmel, IN (2 grants).
Does The Michael & Jody Petrie Foundation Inc give general operating support?
Not in 2024: none of the 21 grants with a stated purpose on The Michael & Jody Petrie Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
Who are The Michael & Jody Petrie Foundation Inc's largest grantees?
The Michael & Jody Petrie Foundation Inc's largest 2024 grantees include St Luke's Catholic Church ($104,129), Logansport Parks & Recreation Foundation ($100,000) and First Baptist Church ($50,000), according to its 2024 IRS Form 990-PF. Together they received 52% of its itemized 2024 grant dollars.
How large is The Michael & Jody Petrie Foundation Inc?
The Michael & Jody Petrie Foundation Inc reported $5.2M in total assets on its 2024 IRS Form 990-PF. It paid out $487K in qualifying distributions that year, against a required minimum of $284K (roughly 5% of its investment assets).
What does The Michael & Jody Petrie Foundation Inc fund?
The foundation’s own mission is not stated in the available information. Its 2024 grants show support for a range of organizations and activities. See mission & focus areas ↑
How do I apply for a grant from The Michael & Jody Petrie Foundation Inc?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does The Michael & Jody Petrie Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Michael & Jody Petrie Foundation Inc funds
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Cite this profile
Grantable. (2026). The Michael & Jody Petrie Foundation Inc funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/the-michael-and-jody-petrie-foundation-inc-morg_70db57807d9f41c0816e556f951ad43b
BibTeX
@misc{grantable_464616018_2026,
author = {{Grantable}},
title = {{The Michael \& Jody Petrie Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-michael-and-jody-petrie-foundation-inc-morg_70db57807d9f41c0816e556f951ad43b},
note = {Accessed 2026-10-22. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Michael & Jody Petrie Foundation Inc'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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