Walter & Barbara E (reishus) Pedersen Lutheran Foundation
Walter & Barbara E (reishus) Pedersen Lutheran Foundation is a private foundation, based in GRAND FORKS, ND. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $861K in total assets. In 2024, it awarded 2 grants totaling $26K. Net investment income was $44K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$861K
+19.9% YoY
Annual Giving
$26K
-55.5% YoY
Grant Count
2
-66.7% YoY
Avg Grant Size
$13K
+33.6% YoY
Under IRS private-foundation payout rules, Walter & Barbara E (reishus) Pedersen Lutheran Foundation reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
About Walter & Barbara E (reishus) Pedersen Lutheran Foundation
Based on IRS filings
Walter & Barbara E (reishus) Pedersen Lutheran Foundation is a private foundation, based in GRAND FORKS, ND. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $861K in total assets. In 2024, it awarded 2 grants totaling $26K. Net investment income was $44K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $861,413 | $718,522 | $508,778 |
| Revenue | $178,670 | $254,373 | $5,799 |
| Expenses | $35,779 | $67,909 | $35,750 |
| Qualifying Distributions | $35,079 | $45,235 | $34,142 |
| Net Investment Income | $44,194 | $13,811 | $5,240 |
| Distributable Amount | $39,389 | $33,211 | $24,857 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Mark's Lutheran Church ($25,000), Fellowship of Christian Athletes ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FELLOWSHIP OF CHRISTIAN ATHLETES FARGO, ND | PURCHASE BIBLES FORNEW UND ATHLETESHUDDLE GROUP | $1,000 |
| ST MARK'S LUTHERAN CHURCH GRAND FORKS, ND | OFFSET FINANCINGFOR ROOF REPAIRS | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KIRK TINGUM | PRESIDENT | 1 | — |
| BOB KNUTSON | VICE PRESIDENT | 1 | — |
| MARK HALL | SEC/TREAS | 1 | — |
Frequently Asked Questions
How large is Walter & Barbara E (reishus) Pedersen Lutheran Foundation?
As of 2024, Walter & Barbara E (reishus) Pedersen Lutheran Foundation holds $861K in total assets with $179K in annual revenue. It awarded 2 grants totaling $26K in 2024.
Where does Walter & Barbara E (reishus) Pedersen Lutheran Foundation operate?
Walter & Barbara E (reishus) Pedersen Lutheran Foundation has awarded grants in Minnesota, North Dakota.
What size grants does Walter & Barbara E (reishus) Pedersen Lutheran Foundation award?
In 2024, Walter & Barbara E (reishus) Pedersen Lutheran Foundation awarded 2 grants totaling $26K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Walter & Barbara E (reishus) Pedersen Lutheran Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Walter & Barbara E (reishus) Pedersen Lutheran Foundation reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Walter & Barbara E (reishus) Pedersen Lutheran Foundation's EIN?
Walter & Barbara E (reishus) Pedersen Lutheran Foundation's EIN (Employer Identification Number) is 36-3421204. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.