A Community Transformed: The Visionary Leadership of Milton V. Peterson

The Greater Washington Community Foundation is deeply saddened by the passing of Milton (Milt) V. Peterson, founder of the local real estate development firm Peterson Companies.  He was a business leader who never lost sight of the need to give back and support our communities and people in need. While Milt Peterson may be best known for his vision and the creation of National Harbor, we will remember him for his caring spirit, generosity, and deep commitment to Prince George’s County and the region. 

Peterson Companies joined The Community Foundation family of donors in 2007, establishing the National Harbor Community Outreach Grant Fund to support community, civic, religious, educational, and recreational organizations serving the residents of Prince George’s County, Maryland. Thanks to Peterson Companies, we were able to support the work of 128 nonprofit organizations working to increase economic security in the areas of education, workforce development, and safety net services in Prince George’s County.  

Peterson Companies has continued to support and partner with The Community Foundation, most notably through our Civic Leadership Awards, which recognizes, honors, and promotes outstanding community leadership in Prince George's County. The Peterson Family Foundation also recently supported our Food for Montgomery Fund to improve food security in Montgomery County and our Neighbors in Need and Equity Funds to help Prince George’s County residents facing economic hardship. 

 “The Community Foundation could not be more proud of our long-standing partnership with Peterson Companies. The National Harbor Community Outreach Grant Fund, and more, is a testament to Milt Peterson’s vision of what our region could truly be. His generosity has contributed greatly to our mission to build thriving communities,” said Tonia Wellons, President and CEO. 

We send our heartfelt condolences to the Peterson family and all those touched by Milt’s work, civic engagement, and philanthropy. Milt Peterson has forever transformed our community, and helped improve the lives of countless residents throughout the Greater Washington region. He will be sorely missed, but has left an enduring legacy. 

The memorial service for Milt Peterson will be live streamed on Wednesday, June 9 at 1 p.m. ET. Click here to watch the service.