Peter G Peterson Foundation
- Assets
- $1.1b
- Revenue
- $50.3m
- Investments
- $820.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2008
- Data as of
- 03/2022
- EIN
- 26-0316905
Organization Overview
Peter G Peterson Foundation is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peter G Peterson Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Peter G Peterson Foundation generated $50.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $45.3m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Peter G Peterson Foundation has awarded 214 individual grants totaling $72,598,907. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
FOUNDATION ACTIVITIES - SEE STATEMENT 19 FOR OVERVIEW GRANTS AND GRANT-MAKINGTHE FOUNDATION PROVIDES GRANTS TO FUND A VARIETY OF PROJECTSAND ORGANIZATIONS THAT ADVANCE ITS MISSION. GRANTEESINCLUDE RESEARCH ORGANIZATIONS, FOUNDATIONS, UNIVERSITIES,ASSOCIATIONS, AND OTHER NOT-FOR-PROFIT ENTITIES THAT ENGAGEIN ACTIVITIES OUTLINED UNDER GRANT AGREEMENTS WITH THEFOUNDATION. THESE GRANTS SUPPORT A RANGE OF EDUCATION,ENGAGEMENT, AND RESEARCH PROJECTS AND INITIATIVES RELATED TOTHE NATION'S LONG-TERM FISCAL AND ECONOMIC CHALLENGES, ASWELL AS THE KEY DRIVERS OF DEBT. A COMPLETE LISTING OF OURPAID GRANTS IN FISCAL YEAR 2022 CAN BE FOUND IN PART XIV.
EDUCATION, AWARENESS, AND ENGAGEMENTTHE FOUNDATION'S EDUCATION, AWARENESS, AND ENGAGEMENTINITIATIVES SEEK TO IMPROVE AMERICANS' UNDERSTANDING OF ANDPARTICIPATION IN SUPPORTING FISCAL SUSTAINABILITY ANDECONOMIC RESILIENCY FOR THE NEXT GENERATION. THE FOUNDATIONPRODUCES INFORMATION ON FISCAL AND ECONOMIC POLICY TOPICSFOR THE GENERAL PUBLIC; CONNECTS A RANGE OF AUDIENCES WITHNON-PARTISAN RESOURCES AND INFORMATION; AND ISSUES POLICYRESEARCH BRIEFS AND STATEMENTS AROUND KEY FISCAL MILESTONES.THE FOUNDATION ENABLES BROAD DISCOURSE REGARDING FISCAL ANDECONOMIC ISSUES THROUGH ITS WEBSITES AND SOCIAL MEDIA. INADDITION, THE FOUNDATION HOLDS REGULAR CONVENINGS, BRINGINGTOGETHER POLICY LEADERS, EXPERTS, AND ELECTED OFFICIALS FROMACROSS THE POLITICAL AND IDEOLOGICAL SPECTRUM TO DISCUSSFISCAL AND ECONOMIC ISSUES.
POLICY RESEARCH AND ANALYSISTHE FOUNDATION PRODUCES NON-PARTISAN RESEARCH, ANALYSES, ANDOTHER DATA-DRIVEN INFORMATION TO HELP MAKE COMPLEX FISCALAND ECONOMIC ISSUES MORE UNDERSTANDABLE AND MEANINGFUL TOTHE PUBLIC AND POLICYMAKERS. THE FOUNDATION'S RESEARCH ANDANALYSES ARE INCORPORATED INTO ITS EDUCATION, AWARENESS, ANDENGAGEMENT ACTIVITIES, AND REFLECTED IN PUBLIC STATEMENTS,ARTICLES AND PRESENTATIONS. THIS MATERIAL IS MADE ACCESSIBLEON THE FOUNDATION'S WEBSITE AND INCLUDES: ANALYSES OF BUDGETAND ECONOMIC ISSUES; A LIBRARY OF CHARTS AND GRAPHS, PRIMERSAND POLICY RESEARCH BRIEFS THAT EXPLAIN THE BUDGET ANDBUDGET PROCESS; AND THE RELATIONSHIP BETWEEN THE BUDGET, THEECONOMY, AND DEMOGRAPHIC TRENDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Want Executive Director - Pch | 40 | $443,250 | |
Loretta Ucelli Exec Vp, Strategy & Comm | 40 | $397,667 | |
Suk Yun Won Chief Operating Officer | 40 | $394,875 | |
Susan Tanaka Senior Policy Advisor | 40 | $292,875 | |
Jeffrey Holland Vp, Research | 40 | $277,638 | |
Laura Gordon Vp, Comm & Public Affairs | 40 | $263,625 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rational 360 | 3/30/22 | $586,979 |
Mckinsey & Company | 3/30/22 | $595,000 |
East End Advisors Llc | 3/30/22 | $2,306,000 |
Adolescent Content Llc | 3/30/22 | $576,000 |
Bluepath Health Inc | 3/30/22 | $365,680 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000,000 |
| Interest on Savings | $45,898 |
| Dividends & Interest | $16,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $49,747,944 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $218,435 |
| Total Revenue | $50,280,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,279,930 |
| Other employee salaries and wages | $4,631,425 |
| Pension plans, employee benefits | $1,979,486 |
| Interest | $0 |
| Taxes | $987,107 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25,515 |
| Printing and publications | $825 |
| Other expenses | $7,327,261 |
| Total operating and administrative expenses | $21,577,610 |
| Contributions, gifts, grants paid | $23,678,217 |
| Total expenses and disbursements | $45,255,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,625,939 |
| Savings and temporary cash investments | $228,824,419 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $370,211 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $819,638,173 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,822,374 |
| Total assets | $1,055,700,983 |
| Accounts payable and accrued expenses | $1,416,072 |
| Grants payable | $14,452,745 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,190,647 |
| Total liabilities | $19,059,464 |
Grants Awarded
Over the last fiscal year, Peter G Peterson Foundation has awarded $33,570,957 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
Lehi, UT PURPOSE: TO SUPPORT A NEW INITIATIVE TO MAKE INSULIN AVAILABLE AND AFFORDABLE TO ALL PATIENTS, INCLUDING HIGH-NEEDS POPULATIONS. | $5,000,000 |
New York, NY PURPOSE: TO SUPPORT THE ECONOMIC RECOVERY OF NEW YORK CITY AND SMALL BUSINESSES AFFECTED BY THE COVID-19 PANDEMIC. | $3,903,000 |
Oakland, CA PURPOSE: TO SUPPORT THE EXECUTION OF UP TO US, A NATIONWIDE NONPARTISAN INITIATIVE EMPOWERING COLLEGE STUDENTS TO EDUCATE AND ENGAGE THEIR PEERS ON AMERICA'S FISCAL CHALLENGES AND THE IMPACT ON THEIR FUTURE. | $2,861,500 |
Washington, DC PURPOSE: TO SUPPORT NON-PARTISAN RESEARCH AND ANALYSIS ON GLOBAL AND DOMESTIC FISCAL AND ECONOMIC POLICY. | $2,500,000 |
Washington, DC PURPOSE: TO ADVANCE RESPONSIBLE FISCAL POLICY AND BUDGET PROCESS REFORM THROUGH POLICY RESEARCH, OUTREACH, AND PUBLIC ENGAGEMENT. | $2,325,000 |
Washington, DC PURPOSE: TO SUPPORT NTI'S EFFORT TO IMPROVE GLOBAL NUCLEAR SECURITY THROUGH RESEARCH ON NUCLEAR MATERIALS SECURITY AND THE ENGAGEMENT AND DEVELOPMENT OF LEADERSHIP NETWORKS OF NUCLEAR EXPERTS AND POLICYMAKERS WORLDWIDE. | $1,250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |