Wallestad Foundation
The Wallestad Foundation is a private family foundation based in Edina, Minnesota, established in 1986. The foundation supports philanthropic initiatives with a primary focus on Christian agencies, churches, and faith-based organizations serving communities across multiple U.S. states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.6M
+1.8% YoY
Annual Giving
$337K
-23.9% YoY
Grant Count
12
-33.3% YoY
Avg Grant Size
$28K
+14.1% YoY
Mission & Focus Areas
The foundation's giving primarily supports Christian agencies and churches. Key funding areas include:
- Christian ministries and programs
- Family services
- Children and youth services
- Human services
- Philanthropy and nonprofits
- Religion and faith-based initiatives
- Child welfare
Grantmaking
No specific application deadlines or formal process information is publicly available.
Grant Range
$2,500–$200,000
Average Grant
approximately $21,000
Review Cycle
or formal process information is publicly available.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily supports nonprofit organizations in Minnesota, with emphasis on the Minneapolis/St. Paul area. However, it also funds projects in multiple states including:
- Arizona
- California
- Colorado
- Georgia
- Illinois
- Minnesota
- New York
- Pennsylvania
- Texas
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $7.2–$7.6 million
- Annual Revenue: $578,100–$886,804
- Annual Giving: $315,000–$443,000
- EIN: 36-3485265
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,579,079 | $7,443,741 | $7,226,112 |
| Revenue | $795,831 | $886,804 | $578,138 |
| Expenses | $660,493 | $669,175 | $559,273 |
| Qualifying Distributions | $379,848 | $484,958 | $357,754 |
| Net Investment Income | $443,463 | $707,299 | $328,319 |
| Distributable Amount | $507,481 | $456,584 | $473,440 |
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
71 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
- Andy Bennett – President (7 hours per week, compensation: $50,000)
- Jay L. Bennett – Director (no compensation)
- William Dunkley – Director (no compensation)
- Andrew Giertsen – Director (no compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAY L BENNETT | DIRECTOR | 5 | — |
| ANDY BENNETT | PRESIDENT | 7 | $50,000 |
| WILLIAM DUNKLEY | DIRECTOR | 1 | — |
| ANDREW GIERTSEN | DIRECTOR | 1 | — |
Contact Information
- Address: 7701 France Ave S Ste 360, Edina, MN 55435-3206
- Telephone: 612-288-2292
Related Funders
Similar funders by location and focus area
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—
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Donald and Luella Zibell Family Foundation
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—
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Clearway Minnesota (sm)
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—
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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