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The Earl & Doris Bakken Foundation is a private corporation based in ST LOUIS PARK, MN. The foundation received its IRS ruling in 2000. The principal officer is Georgine Busch. It holds total assets of $4.9M. Annual income is reported at $1.2M. Total assets have grown from $15K in 2011 to $5M 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 2016 to 2023. The foundation primarily funds organizations in Minnesota and Hawaii. According to available records, The Earl & Doris Bakken Foundation has made 38 grants totaling $1.5M, with a median grant of $40K. Annual giving has decreased from $400K in 2020 to $251K in 2023. Grantmaking activity was highest in 2022 with $413K distributed across 10 grants. Individual grants have ranged from $5K to $75K, with an average award of $39K. The foundation has supported 12 unique organizations. Grants have been distributed to organizations in Hawaii and Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$40K
Average Grant
$36K
Largest Grant
$75K
Based on 11 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.
The Earl & Doris Bakken Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 38 grants. Its grantmaking reaches organizations primarily in HI, MN.
The Earl & Doris Bakken Foundation has distributed a total of $1.5M across 38 grants. The median grant size is $40K, with an average of $39K. Individual grants have ranged from $5K to $75K.
The Earl & Doris Bakken Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Earl & Doris Bakken Foundation is headquartered in ST LOUIS PARK, MN. While based in MN, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeffrey T Bakken | TREASURER | $0 | $0 | N/A |
| Bradley E Bakken | PRESIDENT | $0 | $0 | N/A |
| Wendy K Watson | SECRETARY | $0 | $0 | N/A |
| Pamela Bakken Petersmeyer | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$281K
Total Assets
$5M
Fair Market Value
$5.1M
Net Worth
$5M
Grants Paid
$251K
Contributions
N/A
Net Investment Income
$182K
Distribution Amount
$238K
Total: $4.8M
Total Grants
38
Total Giving
$1.5M
Average Grant
$39K
Median Grant
$40K
Unique Recipients
12
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Norway HouseGENERAL OPERATING | Minneapolis, MN | $40K | 2022 |
| First Lutheran ChurchGENERAL OPERATING | St Paul, MN | $5K | 2022 |
| Hui Aloha KiholoGENERAL OPERATING | Kamuela, HI | $59K | 2023 |
| Earl E Bakken Center For Spirituality & HealingGENERAL OPERATING | Minneapolis, MN | $44K | 2023 |
| North Hawaii Community HospitalGENERAL OPERATING | Kamuela, HI | $30K | 2023 |
| The Kohala CenterGENERAL OPERATING | Kamuela, HI | $30K | 2023 |
| Friends Of The FutureGENERAL OPERATING | Kamuela, HI | $30K | 2023 |
| Pavek Museum Of BroadcastingGENERAL OPERATING | St Lous Park, MN | $25K | 2023 |
| University Of Minnesota FoundationGENERAL OPERATING | Minneapolis, MN | $24K | 2023 |
| The Bakken MuseumGENERAL OPERATING | Minneapolis, MN | $10K | 2023 |
| Pavek Musem Of BroadcastingGENERAL OPERATING | St Lous Park, MN | $68K | 2022 |
| North Hawaii HospiceGENERAL OPERATING | Waimea, HI | $40K | 2020 |