PETER G. PETERSON FOUNDATION

The Peter G. Peterson Foundation pursues a philanthropic mission established by the former Commerce Secretary (from 1972-73, under Nixon) and chairman and CEO of Lehman Brothers (1973-77). Using his proceeds from the IPO of the Blackstone Group, a private equity and investment firm he co-founded in 1985, Peterson donated $1 billion in 2008 to set up his foundation. He was named to BusinessWeek's 2008 list of the 50 Top American Givers, which recognizes the most generous U.S. philanthropists.

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