Private foundation · EIN 88-2856860 · Cedar Falls, Iowa · Philanthropy & grantmaking

Michael L Peterson Foundation

Should you approach them?

Don't send a cold proposal. The foundation reports that it only gives to preselected organizations; an introduction through a current grantee or board member is the realistic route.

From the 2025 Form 990-PF: 3 grants paid, $851K total, median $50K. 100% of grants stayed in Iowa.

Accepts applications
No
per 990-PF Part XV
Grants paid, 2025
3
$851K
Median grant
$50K
Stays in IA
100%
of grants
Deadline
—
Assets
$3.8M

Grants paid in 2025

3 grants, all shown · from Form 990-PF Part XV

RecipientPurposeAmount
We Will CollectiveDes Moines, IASupport of a local charity that supports the local community$800K
Clear Lake Development FoundationClear Lake, IASupport of a local charity that supports the local community$50K
No Foot Too SmallCoralville, IASupport of a local charity that supports the local community$1,000

About this foundation

Michael L Peterson Foundation is a private grantmaking foundation in Cedar Falls, Iowa, tax-exempt since 2022. Private foundations must pay out roughly 5% of their assets each year, mostly as grants to 501(c)(3) public charities.

All filings on ProPublica

Does Michael L Peterson Foundation accept grant applications?

No. On its 2025 Form 990-PF the foundation checked that it only makes contributions to preselected organizations. Look for an introduction through a current grantee.

How much does Michael L Peterson Foundation give each year?

In tax year 2025 it paid $851K across 3 grants, a median of $50K.

Where does Michael L Peterson Foundation give?

Iowa (3 grants), per its latest filing.

More foundations near Cedar Falls that accept applications

All in Iowa
FoundationBased inGrants paidMedian grantAccepts applicationsAssets
Max and Helen Guernsey Charitable Foundationsince 1997 Cedar Falls, IA $2.2M125 grants · 2024 $16KYes $50M
W B Small Trustsince 2009 Cedar Falls, IA $98K49 grants · 2025 $2,000Yes $1.8M
Aaron J Schurman Charitable Foundationsince 2016 Cedar Falls, IA $82K3 grants · 2025 $17KYes $1.1M
Iowa West Foundationsince 1994 Council Blfs, IA $16M134 grants · 2024 $25KYes $496M
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