Wendell Petersen Charitable Tr

BAYPORT, MN EIN: 35-7251651

Wendell Petersen Charitable Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BAYPORT, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $965K in total assets. In 2024, it awarded 1 grants totaling $34K. Net investment income was $48K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$965K

-0.0% YoY

Annual Giving

$34K

-31.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$34K

-31.7% YoY

Under IRS private-foundation payout rules, Wendell Petersen Charitable Tr reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.

About Wendell Petersen Charitable Tr

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Wisconsin $170K (100%)

States

Wisconsin

Cities

Hudson

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$964,702	$965,025	$1,010,091
Revenue	$48,018	$18,160	$40,737
Expenses	$48,341	$63,226	$90,086
Qualifying Distributions	$34,170	$50,000	$70,940
Net Investment Income	$48,018	$41,029	$40,737
Distributable Amount	$46,904	$43,693	$49,106

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hudson School District ($34,170).

Recipient	Purpose	Amount
HUDSON SCHOOL DISTRICT HUDSON, WI	SCHOLARSHIPS, AP TESTING, IMPLEMENTATION OF THE HUDSON DUAL ENROLLMENT WELDING ACADEMY PROJECT.	$34,170

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FIRST STATE BANK AND TRUST FIRST ST	TRUSTEE	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Wendell Petersen Charitable Tr?

Wendell Petersen Charitable Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BAYPORT, MN. It holds $965K in total assets as of 2024.

How large is Wendell Petersen Charitable Tr?

As of 2024, Wendell Petersen Charitable Tr holds $965K in total assets with $48K in annual revenue. It awarded 1 grants totaling $34K in 2024.

Where does Wendell Petersen Charitable Tr operate?

Wendell Petersen Charitable Tr has awarded grants in Wisconsin.

What size grants does Wendell Petersen Charitable Tr award?

In 2024, Wendell Petersen Charitable Tr awarded 1 grants totaling $34K — an average of about $34K per grant, based on its IRS Form 990 filings.

How much is Wendell Petersen Charitable Tr required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Wendell Petersen Charitable Tr reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Wendell Petersen Charitable Tr's EIN?

Wendell Petersen Charitable Tr's EIN (Employer Identification Number) is 35-7251651. IRS Form 990 filing data is available on this page for 2019–2024.