The Bakken Family WRC Foundation is a private grantmaking foundation based in Prior Lake, Minnesota. Established in 1996, it operates as a 501(c)(3) organization dedicated to philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.0M
-4.3% YoY
Grant Count
30
-6.3% YoY
Avg Grant Size
$33K
+2.1% YoY
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, its grantmaking priorities focus on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation directs grants primarily to organizations in Minnesota, Georgia, and Colorado.
Grantmaking
The foundation does not accept unsolicited applications.
Grant Range
$5,000–$265,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
Primary grantmaking regions include Minnesota, Georgia, and Colorado. The majority of grants support organizations in the Minneapolis-St. Paul metropolitan area and surrounding Minnesota communities.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $18,021,422
- Total annual giving: $1,000,000
- Total revenues: $1,054,489
- Total expenses: $1,116,897
- Total liabilities: $0
Revenue Sources (2024):
- Investment income and dividends: $553,820
- Net gain from sale of non-inventory assets: $495,467
Historical Trends:
- 2023: $18.4M in assets, $1.2M in giving (35 grants)
- 2022: $19.8M in assets, $1.2M in giving (34 grants)
- 2021: $18.5M in assets, $1.0M in giving (25 grants)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
156 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Pamela B Petersmeyer – President
- Wendy K Watson – Vice President
- Bradley Bakken – Treasurer
- Jeffrey Bakken – Secretary
All board members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFREY BAKKEN | SECRETARY | 1 | — |
| WENDY K WATSON | VICE PRESIDENT | 1 | — |
| BRADLEY BAKKEN | TREASURER | 1 | — |
| PAMELA B PETERSMEYER | PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Assets
—
Grants
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Total Given
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The Geyer Family Foundation
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Assets
—
Grants
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Total Given
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Love 4 One Another Charities
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Assets
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Total Given
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Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
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Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
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Total Given
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Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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