The Peter G. Peterson Foundation was established in 2008 by Peter G. Peterson, a co-founder of the Blackstone Group. With an endowment of $1 billion, the Peterson Foundation addresses fiscal sustainability issues related to federal deficits, entitlement programs and tax policies.
History
After Blackstone’s IPO in 2007, Peterson left with a $1.9 billion profit, about half of which he dedicated to the Peterson Foundation.Peterson recruited David Walker, then Comptroller General of the United States and head of the Government Accountability Office, as President and CEO of the Foundation.Leadership
In addition to founder Pete Peterson and CEO and President David Walker, PGPF is led by Vice President C. Eugene Steuerle, a senior fellow at the Urban Institute, and Director of Public Affairs Elizabeth Wilner, a former political director of NBC News.Advertising Campaign
In February, PGPF launched a $1 million-plus advertising campaign in advance of President Obama's Fiscal Responsibility Summit on February 23, 2009.I.O.U.S.A.
In 2008, the Peterson Foundation distributed I.O.U.S.A., a documentary film directed by Patrick Creadon. The film debuted at the 2008 Sundance Film Festival and will be released on DVD on April 7, 2009.Partners and Affiliates
PGPF partnered with mtvU in December 2008 to create Indebted, a new campaign for college students that raises awareness about the dangers of personal and government financial irresponsibility and promotes action to help stop the fiscal crisis in the United States.Along with The Pew Charitable Trusts and the Committee For a Responsible Federal Budget, the Peterson Foundation embarked in January on a project to modernize the outdated Congressional budget process
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