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Filing year 2024

PETTERS FAMILY FOUNDATION

Newport News, Virginia·EIN 45-2323642·NTEE T21 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$15.2M
Total assets
$39.2M
Total expenses
$3M
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2024. PETTERS FAMILY FOUNDATION reported 4 unpaid officers and board members on its 990-PF.

Secretary/treasurer
President
Vice President
Vice President

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$2.7M

Itemized grants

29

Median grant

$10k

RecipientLocationPurposeAmount
COLLEGE OF WILLIAM & MARY FOUNDATIONWILLIAMSBURG, VASPONSORSHIP OF CAMP LAUNCH PROGRAM AND GENERAL SUPPORT$1M
US NAVAL ACADEMY FOUNDATIONANNAPOLIS, MDSUPPORT OF NAVAL ACADEMY ANNUAL FUND, STEM AND MINORITY OUTREACH FOR ADMISSIONS.$250k
VIRGINIA LIVING MUSEUMNEWPORT NEWS, VAGENERAL SUPPORT$250k
AN ACHIEVABLE DREAMNEWPORT NEWS, VAGENERAL FUND SUPPORT$205k
PEAKE CHILDHOOD CENTERHAMPTON, VAGENERAL SUPPORT FOR LOW INCOME EARLY CHILDHOOD EDUCATION$200k
VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATIONRICHMOND, VAGENERAL SUPPORT$200k
BEARINGS BIKE SHOPATLANTA, GACAPITAL AND OPERATIONAL SUPPORT$150k
SOUNDSCAPESNEWPORT NEWS, VAGENERAL SUPPORT$130k
MARINER'S MUSEUM AND PARKNEWPORT NEWS, VAGENERAL SUPPORT$110k
JESUIT HIGH SCHOOLTAMPA, FLGENERAL SUPPORT$100k
FIRSTSPARKNEWPORT NEWS, VAEDUCATION$20k
UNITED WAY OF THE VIRGINIA PENINSULANEWPORT NEWS, VAGENERAL SUPPORT$20k
WHRONORFOLK, VAGENERAL SUPPORT OF PUBLIC BROADCASTING$15k
DEGOOD FOUNDATIONNEWPORT NEWS, VAGENERAL SUPPORT$10k
RIVERSIDE FOUNDATIONNEWPORT NEWS, VAGENERAL SUPPORT$10k
SON OF A SAINTNEW ORLEANS, LAIMPROVING THE LIVES OF FATHERLESS BOYS IN NEW ORLELANS$10k
VIRGINIA CENTER FOR INCLUSIVE COMMUNITIESRICHMOND, VAGENERAL SUPPORT$10k
HAMPTON EDUCATION FOUNDATIONHAMPTON, VAGENERAL SUPPORT$5k
BOYS & GIRLS CLUBS OF THE VIRGINIA PENINSULANEWPORT NEWS, VAGENERAL SUPPORT$5k
PENINSULA PASTORAL COUNSELING CENTERNEWPORT NEWS, VAGENERAL SUPPORT$5k
TAILHOOK EDUCATION FOUNDATIONSAN DIEGO, CAGENERAL SUPPORT$5k
THRIVE PENINSULANEWPORT NEWS, VAGENERAL SUPPORT$5k
YMCA OF THE VIRGINIA PENINSULASNEWPORT NEWS, VAGENERAL SUPPORT$5k
BAYPORT FOUNDATIONNEWPORT NEWS, VAGENERAL FUND SUPPORT$3k
EDMARC HOSPICE FOR CHILDRENPORTSMOUTH, VAGENERAL SUPPORT$3k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

PETTERS FAMILY FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.2M
$2.8M
2023
$15.2M
$3M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Virginia

PETTERS FAMILY FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Virginia earns a median of $35,000.

25th percentile
$9k
Median
$35,000
75th percentile
$95k
90th percentile
$223k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 475 organizations across 475 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Virginia
FAQ

Common questions about PETTERS FAMILY FOUNDATION

What are PETTERS FAMILY FOUNDATION's revenue and expenses?

In 2024, PETTERS FAMILY FOUNDATION reported $15.2M in total revenue and $3M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.