Peter G. Peterson was best known as an investment banker and chairman of the Council on Foreign Relations. In his rich financial career, he was the CEO of Bell & Howell and Lehman Brothers, and later he co-founded The Blackstone Group, where he served as co-chairman.
Alongside his investment-oriented positions, Peterson was also the founder of the Peter G. Peterson Foundation. Since its founding, the primary goal of the foundation was to promote fiscal responsibility. The foundation was started in 2008, and after Peterson's death in 2018, the foundation has been led by his wife Joan Ganz Cooney and his son Michael Peterson.
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In the latest 990 filing, the foundation reported $42.8 million of expenses, negative net income of -$32.6 million, and net assets with a book value of $994 thousand. Total revenue for 2023 was $10.2 million.
Joan Ganz Cooney donated $7.5 million to the foundation, while other sources of income include $1.7 million in interest from savings and $539 thousand in dividends and interest from securities.
Fund Investments
The foundation invested in a long list of funds:
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