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Wallestad Foundation is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 1987. The principal officer is Jay Bennett. It holds total assets of $7.6M. Annual income is reported at $2.7M. The foundation is governed by 4 officers and trustees. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in Minnesota and New York. According to available records, Wallestad Foundation has made 42 grants totaling $981K, with a median grant of $6K. Annual giving has grown from $351K in 2020 to $630K in 2022. Individual grants have ranged from $1K to $200K, with an average award of $23K. The foundation has supported 21 unique organizations. The foundation primarily supports organizations in Georgia, Minnesota, Texas, which account for 83% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$29K
Largest Grant
$200K
Based on 12 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.
Wallestad Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 42 grants. Its grantmaking reaches organizations primarily in GA, MN, TX.
Wallestad Foundation has distributed a total of $981K across 42 grants. The median grant size is $6K, with an average of $23K. Individual grants have ranged from $1K to $200K.
The foundation gives primarily to christian mission organizations but reserves the right to give within broader purposes allowed by its tax-exempt status.
Wallestad Foundation is headquartered in MINNEAPOLIS, MN. While based in MN, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Andy Bennett | PRESIDENT | $50K | $0 | $50K |
| William Dunkley | DIRECTOR | $0 | $0 | N/A |
| Andrew Giertsen | DIRECTOR | $0 | $0 | N/A |
| Jay L Bennett | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$7.6M
Fair Market Value
N/A
Net Worth
$7.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
42
Total Giving
$981K
Average Grant
$23K
Median Grant
$6K
Unique Recipients
21
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| National Christian FoundationGENERAL PURPOSE | Alpharetta, GA | $200K | 2022 |
| Hope AcademyGENERAL PURPOSE | Edina, MN | $25K | 2022 |
| The King'S HouseGENERAL PURPOSE | Buffalo, MN | $14K | 2022 |
| Edina Sting Baseball Club IncGENERAL PURPOSE | Edina, MN | $10K | 2022 |
| Breaker Of Dawn MinistriesGENERAL PURPOSE | Plymouth, MN | $10K | 2022 |
| River Valley ChurchGENERAL PURPOSE | Burnsville, MN | $10K | 2022 |
| Avail AcademyGENERAL PURPOSE | Edina, MN | $10K | 2022 |
| Hope Farm SchoolGENERAL PURPOSE | Minneapolis, MN | $6K | 2022 |
| UnseenGENERAL PURPOSE | Wheaton, IL | $5K | 2022 |
| Overcomers Outreach MinistriesGENERAL PURPOSE | Minneapolis, MN | $5K | 2022 |
| ThousandfoldGENERAL PURPOSE | Irving, TX | $5K | 2022 |
| Young Life FoundationGENERAL PURPOSE | Colorado Sprigs, CO | $5K | 2022 |
| Forever AdventureGENERAL PURPOSE | Brooklyn Center, MN | $5K | 2022 |
| Search MinistriesGENERAL PURPOSE | Edina, MN | $3K | 2022 |
| The Minnesota Prayer BreakfastGENERAL PURPOSE | Falcon Heights, MN | $3K | 2022 |
| Halftime InstituteGENERAL PURPOSE | Irving, TX | $50K | 2020 |
| Stairstep FoundationGENERAL PURPOSE | Minneapolis, MN | $15K | 2020 |
| American Jewish Joint Distribution Committee IncGENERAL PURPOSE | New York, NY | $15K | 2020 |
| Servant Leaders Support IncGENERAL PURPOSE | Eagan, MN | $5K | 2020 |
| Tenement MuseumGENERAL PURPOSE | New York, NY | $5K | 2020 |
| Amplify Mission NetworkGENERAL PURPOSE | Edina, MN | $5K | 2020 |