The Petit Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILTON, GA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $832K in total assets. In 2024, it awarded 1 grants totaling $50K. Net investment income was $13K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$832K
-4.3% YoY
Annual Giving
$50K
Grant Count
1
Avg Grant Size
$50K
Under IRS private-foundation payout rules, The Petit Family Foundation reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About The Petit Family Foundation
Based on IRS filings
The Petit Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILTON, GA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $832K in total assets. In 2024, it awarded 1 grants totaling $50K. Net investment income was $13K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $831,973 | $869,573 | $1,020,614 |
| Revenue | $12,606 | $-141,805 | $81,605 |
| Expenses | $50,207 | $9,236 | $11,516 |
| Qualifying Distributions | $50,050 | $1,703 | $1,308 |
| Net Investment Income | $12,606 | $10,445 | $72,497 |
| Distributable Amount | $50,155 | $41,163 | $50,001 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Peach Bowl Inc ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PEACH BOWL INC ATLANTA, GA | COLLEGE ATHLETICS | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PARKER H PETIT | TRUSTEE | 0.25 | — |
| JANET PETIT | TRUSTEE | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Petit Family Foundation?
The Petit Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILTON, GA. It holds $832K in total assets as of 2024.
How large is The Petit Family Foundation?
As of 2024, The Petit Family Foundation holds $832K in total assets with $13K in annual revenue. It awarded 1 grants totaling $50K in 2024.
Where does The Petit Family Foundation operate?
The Petit Family Foundation has awarded grants in Georgia.
What size grants does The Petit Family Foundation award?
In 2024, The Petit Family Foundation awarded 1 grants totaling $50K — an average of about $50K per grant, based on its IRS Form 990 filings.
How much is The Petit Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Petit Family Foundation reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Petit Family Foundation's EIN?
The Petit Family Foundation's EIN (Employer Identification Number) is 47-6434528. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Petit Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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