The Peterson Air & Space Museum Foundation is a 501c(3) nonprofit organization dedicated to:
* Foster and perpetuate the Peterson Museum as a medium for informing and educating the public on the history and heritage of the early history of Colorado Springs and the missions associated with Peterson Air Force Base.
* Serve as a philanthropic corporation in assisting the development and expansion of the facilities of the Peterson Museum.
* Receive, hold, and administer gifts in the best interest of the Peterson Museum.