The Frank Reed & Margaret Jane Peters Memorial Fund was founded in 1934 and 1935 with a mission to support and advance educational, human services, and healthcare programming for underserved communities. With a particular focus on charities that cater to the needs of youth and children, the Fund is dedicated to making a positive impact in these areas.
The Peters Memorial Fund champions programs like the Summer Fund, coordinated by Philanthropy Massachusetts, which provides operational support to summer camps that benefit low-income urban youth from Boston, Cambridge, Chelsea, and Somerville. Apart from its contribution to the Summer Fund, the Peters Memorial Fund typically awards grants ranging from $10,000 to $40,000. This funding supports broad goals of enhancing quality education, healthcare, and human services for populations in need, with a specific emphasis on supporting children and youth.