Gary Peters Family Foundation Inc

Organization Overview

Gary Peters Family Foundation Inc is located in Boca Raton, FL. The organization was established in 2018. 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. Gary Peters Family Foundation Inc 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 12/2021, Gary Peters Family Foundation Inc generated $198.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $688.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Gary Peters Family Foundation Inc has awarded 180 individual grants totaling $4,460,956. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION INITIATED A SCHOLARSHIP PROGRAM IN 2019 APPROVED BY THE INTERNAL REVENUE SERVICE ON MARCH 7, 2019. THE PURPOSE OF THE PROGRAM IS TO PROVIDE SCHOLARSHIP GRANTS TO DESERVING IMMIRGRANTS AND FOREIGN STUDENTS, MINORITY STUDENTS AND LOW-INCOME STUDENTS. ELIGIBLE STUDENTS WHO ATTEND RECOGNIZED EDUCATIONAL INSTITUTIONS WITH EXPENSES SUCH AS TUITION, FEES, AND OTHER EDUCATIONAL EXPENSES ARE CONSIDERED BASED PRIMARILY UPON FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. THE NUMBER OF GRANTS, THE AMOUNT OF EACH GRANT AND THE PURPOSE OF EACH GRANT WILL BE MADE BY A SCHOLARSHIP COMMITTEE ON A CASE-BY-CASE BASIS. IN 2021 TWO STUDENTS APPLIED FOR, AND RECEIVED SCHOLARSHIP GRANTS, BOTH WERE FOREIGN COUNTRY CITIZENS AND ATTENDED COLLEGES IN THE U.S.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $5,470
Dividends & Interest $193,009
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $39,601
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $198,479

Grants Awarded

Over the last fiscal year, Gary Peters Family Foundation Inc has awarded $420,832 in support to 23 organizations.

Grant RecipientAmount

PLACE OF HOPE

PURPOSE: CHARITABLE/GENERAL PRUPOSE

$159,000

FAU FOUNDATION INC

PURPOSE: CHARITABLE/GENERAL PURPOSE

$60,000

FELICIA DICARLO

PURPOSE: INDIVIDUAL ACADEMIC SCHOLARSHIP

$34,103

BOCA RATON REGIONAL HOSPITAL

Org PageRecipient Profile

Boca Raton, FL

PURPOSE: CHARTABLE/GENERAL PURPOSES

$25,000

RITA DICARLO

PURPOSE: INDIVIDUAL ACADEMIC SCHOLARSHIP

$23,129

MARINE EDUCATION INITATIVE

PURPOSE: CHARITABLE/ GENERAL PURPOSE

$16,000
View Grant Profile

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