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 organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 66.7% 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 302 individual grants totaling $105,022,310. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION ACTIVITIES - SEE STATEMENT 18 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 2023 CAN BE FOUND IN PART XIV.
EDUCATION, AWARENESS, AND ENGAGEMENTTHE FOUNDATION'S EDUCATION, AWARENESS, AND ENGAGEMENT INITIATIVES 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, AND OTHER DATA-DRIVEN INFORMATION TO HELP MAKE COMPLEX FISCAL, HEALTHCARE, AND ECONOMIC ISSUES MORE UNDERSTANDABLE TO THE PUBLIC, THE MEDIA, POLICYMAKERS, AND OTHER STAKEHOLDERS. THE FOUNDATION'S RESEARCH AND ANALYSES ARE INCORPORATED INTO ITS EDUCATION, AWARENESS, AND ENGAGEMENT ACTIVITIES, AND ARE MADE ACCESSIBLE THROUGH MULTIPLE CHANNELS, INCLUDING THE FOUNDATION'S WEBSITES, PUBLIC COMMUNICATIONS, AND SOCIAL MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Peterson Director, Chairman & CEO | 40 | $0 | |
Joan Ganz Cooney Director | 2 | $0 | |
Michael Shankman Treasurer | 10 | $0 | |
Suk Yun Won Chief Operating Officer | 40 | $424,125 | |
Loretta Ucelli Evp - Strategy & Communications | 40 | $413,438 | |
Jeffrey Holland Vice President, Research | 40 | $293,110 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frank N Magid Associates Inc | 3/30/23 | $829,416 |
East End Advisors Llc | 3/30/23 | $2,314,490 |
Rational 360 | 3/30/23 | $585,859 |
Adolescent Content Llc | 3/30/23 | $818,339 |
Norc At The University Of Chicago | 3/30/23 | $441,000 |
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 $32,423,403 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH PURPOSE: TO SUPPORT EVENTS AND CORE ACTIVITIES. | $25,000 |
ASSOCIATION FOR PUBLIC POLICY ANALYSIS AND MANAGEMENT PURPOSE: TO SUPPORT EVENTS AND CORE ACTIVITIES. | $13,500 |
BIPARTISAN POLICY CENTER PURPOSE: TO PRODUCE BIPARTISAN RESEARCH AND ANALYSIS ON FISCAL AND ECONOMIC POLICY SOLUTIONS, INCLUDING POLICIES TO RECOVER FROM THE COVID-19 PANDEMIC. | $500,000 |
BIPARTISAN POLICY CENTER PURPOSE: TO ANALYZE CURRENT TRENDS AND OPPORTUNITIES IN DIGITAL HEALTHCARE TECHNOLOGY, AND ITS ROLE IN IMPROVING QUALITY AND LOWERING COSTS. | $250,000 |
BIPARTISAN POLICY CENTER PURPOSE: TO DEVELOP AND ANALYZE BIPARTISAN POLICY SOLUTIONS THAT STRENGTHEN AND IMPROVE THE SUSTAINABILITY OF THE SOCIAL SECURITY PROGRAM. | $225,000 |
BIPARTISAN POLICY CENTER PURPOSE: TO ADVANCE BIPARTISAN SOLUTIONS TO THE DEBT LIMIT IMPASSE THROUGH OUTREACH, EDUCATION AND AWARENESS INITIATIVES. | $125,000 |