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Rockstad Foundation is a private corporation based in BISMARCK, ND. The foundation received its IRS ruling in 2016. It holds total assets of $1.5M. Annual income is reported at $3.8M. Total assets have decreased from $1.8M in 2019 to $118K in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. The foundation primarily funds organizations in North Dakota and South Carolina. According to available records, Rockstad Foundation has made 7 grants totaling $690K, with a median grant of $10K. Annual giving has decreased from $515K in 2022 to $174K in 2023. Individual grants have ranged from $3K to $245K, with an average award of $99K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in North Dakota. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$10K
Average Grant
$38K
Largest Grant
$100K
Based on 5 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Rockstad Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in ND.
Rockstad Foundation has distributed a total of $690K across 7 grants. The median grant size is $10K, with an average of $99K. Individual grants have ranged from $3K to $245K.
Rockstad Foundation typically selects its grantees rather than accepting unsolicited proposals.
Rockstad Foundation is headquartered in BISMARCK, ND. The foundation primarily funds organizations in North Dakota, South Carolina.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Terrance M Rockstad | President/Director | $0 | $0 | N/A |
| Suann Olson | Vice Chair/Director | $0 | $0 | N/A |
| Kay Zander-Woock | Treasurer/Secretary/Director | $0 | $0 | N/A |
| Denise Dockter-Kambeitz | Director (thru May '22) | $0 | $0 | N/A |
Total Giving
$521K
Total Assets
$118K
Fair Market Value
$118K
Net Worth
$109K
Grants Paid
$174K
Contributions
$225K
Net Investment Income
$24K
Distribution Amount
$11K
Total: $9K
Total Grants
7
Total Giving
$690K
Average Grant
$99K
Median Grant
$10K
Unique Recipients
3
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Gaia HomeEstablishment of a residential end-of-life facility in Bismarck, ND. | Bismarck, ND | $174K | 2023 |
| The Innovation SchoolProvide tuition assistance to new students | Bismarck, ND | $10K | 2022 |
| The Banquet At Trinity Lutheran ChurchProvide community meals | Bismarck, ND | $3K | 2022 |