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J.A. Wedum Foundation

Profile

Last Updated: 2016-07-28

At A Glance

J.A. Wedum Foundation

2615 University Ave. S.E.

Minneapolis, MN United States 55414-3207

URL: www.wedum.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $168,973,550

Total giving: $2,365,252

EIN

416025661

BRIDGE Number

1534682065

Background

Established in 1959 in MN

Purpose and Activities

The mission of the foundation is to develop and utilize the resources of the foundation to help organizations and individuals change and improve people's lives in the spirit of stewardship and generosity exemplified by John A. Wedum, the grandfather, and carried forward by John A. Wedum, the grandson. The vision of the foundation is to provide needed housing for communities, invest its assets to increase the capital available for its mission, expend its income to change and improve the lives of people in a very efficient manner, giving priority to the support of education, and be recognized as an organization that seeks excellence in whatever it chooses to do.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Grants to Individuals Program

Student aid primarily to residents of the Midwest, with preference to those living in or near Alexandria, MN.

Fields of Interest

Subjects
  • Education
  • Higher education
  • Human services
  • University education
Population Groups
  • Academics
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-12-31

Assets: $168,973,550 (market value)

Gifts received: $428,213

Expenditures: $31,830,311

Total giving: $2,365,252

Qualifying distributions: $2,365,252