Walter & Barbara E (reishus) Pedersen Lutheran Foundation

GRAND FORKS, ND EIN: 36-3421204

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

-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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Dakota $122K (79%)

Minnesota $32K (21%)

States

Minnesota North Dakota

Cities

East Grand ForksFargoGrand ForksThompson

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.