Prospect Creek Foundation
Prospect Creek Foundation is a private 501(c)(3) foundation established in 1993 and based in Wayzata, Minnesota. The foundation operates as a family foundation focused on philanthropic grantmaking to nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$4.9M
+39.5% YoY
Grant Count
20
-20.0% YoY
Avg Grant Size
$243K
+74.4% YoY
Mission & Focus Areas
The foundation's primary grantmaking emphasis is on projects that help people help themselves. Core funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
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Geographic Focus
Where this funder awards grants
Prospect Creek Foundation primarily supports nonprofit organizations in the following regions:
- Napa Valley, California
- Minneapolis/St. Paul, Minnesota area
- Additional funding in Illinois
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023 (most recent filing):
- Total Assets: $29,018,623
- Total Giving: $3,482,728
- Revenue: $692,000
- Expenses: $3,530,000
- Total Liabilities: $0
Historical Giving: The foundation has distributed $4,858,565 in total giving across its history, making it one of the larger foundations in Wayzata by total giving volume.
| 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
190 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Schwab Charitable (dafgiving360) ($3,000,000), Great Mn Schools ($1,200,000), Summit Academy ($550,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BLAKE SCHOOL MINNEAPOLIS, MN | OPERATIONAL | $15,000 |
| CHILDREN'S THEATRE COMPANY MINNEAPOLIS, CA | OPERATIONAL | $1,000 |
| GRAYWOLF PRESS ST PAUL, MN | OPERATIONAL | $1,000 |
| GREAT MN SCHOOLS MINNEAPOLIS, MN | OPERATIONAL | $1,200,000 |
| MINNEAPOLIS INSTITUTE OF ARTS MINNEAPOLIS, MN | OPERATIONAL | $20,000 |
| MINNESOTA HISTORICAL SOCIETY ST PAUL, MN | OPERATIONAL | $2,000 |
| MINNESOTA LANDSCAPE ARBORETUM FOUNDATION CHASKA, MN | OPERATIONAL | $3,000 |
| MINNESOTA OPERA MINNEAPOLIS, MN | OPERATIONAL | $5,000 |
| MINNESOTA PUBLIC RADIO ST PAUL, MN | OPERATIONAL | $4,000 |
| MINNESOTA ZOO APPLE VALLEY, MN | OPERATIONAL | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARTHA CLARK ATWATER | DIRECTOR | — | — |
| H B ATWATER JR | DIRECTOR | — | — |
| ELIZABETH ATWATER CONNOLLY | DIRECTOR | — | — |
Contact Information
- Address: 636 Ferndale Rd W, Wayzata, MN 55391-9628
- Telephone: 612-839-0666
- EIN: 41-1736420
Frequently Asked Questions
What does Prospect Creek Foundation fund?
The foundation's primary grantmaking emphasis is on projects that help people help themselves. Core funding areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Prospect Creek Foundation?
**Grant Amounts:** Typical awards range from $500 to $1,900,000. **Recent Activity:** The foundation does not currently list live grant opportunities.
Where does Prospect Creek Foundation make grants?
Prospect Creek Foundation primarily supports nonprofit organizations in the following regions: • Napa Valley, California • Minneapolis/St. Paul, Minnesota area • Additional funding in Illinois
What size grants does Prospect Creek Foundation award?
In 2024, Prospect Creek Foundation awarded 20 grants totaling $4.9M — an average of about $243K per grant, based on its IRS Form 990 filings.
What is Prospect Creek Foundation's EIN?
Prospect Creek Foundation's EIN (Employer Identification Number) is 41-1736420. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Prospect Creek Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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