In 2004, he established the Dr. George S. and Louise C. Peters Endowed Medical Scholarship Fund to provide scholarships to deserving students with financial need who are enrolled in their second, third or fourth years in the School of Medicine.

Peters enjoyed a long and colorful career. After graduating from Temple in 1933, he set up a solo general practice in rural Ohio, and then served overseas with the Marine Corps during World War II, becoming a highly decorated veteran of the Guadalcanal Campaign. He earned many medals, including the Asiatic Pacific Campaign Medal with four stars.

Upon his return to the United States, he settled in Montgomery, Ala., specialized in abdominal surgery, and became chief of staff at Fitts Hill Hospital and chief of surgery at Montgomery Veterans Affairs Medical Center. Peters passed away in 2005 at the age of 100.