Margaret A Cargill Foundation
- Assets
- $3.2b
- Revenue
- $146.2m
- Investments
- $3.0b
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 10/2014
- Data as of
- 12/2019
- EIN
- 37-1758406
Organization Overview
Margaret A Cargill Foundation is located in Eden Prairie, MN. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Margaret A Cargill Foundation generated $146.2m in total revenue.
Since 2017, Margaret A Cargill Foundation has awarded 1,644 individual grants totaling $495,421,495. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Wischmeier Chief Investment Officer | 50 | $1,483,197 | |
Paul Busch Director/pres & CEO | 50 | $928,385 | |
Michael Ruetz Investment Director/ | 50 | $773,333 | |
Rodney Overcash Investment Director | 50 | $658,346 | |
Tricia Scrivner Investment Director | 50 | $638,397 | |
Christopher Vogt Investment Director | 50 | $623,914 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Axioma Inc | 12/30/19 | $530,000 |
Record Currency Management | 12/30/19 | $590,059 |
Financial Risk Group Inc | 12/30/19 | $729,780 |
Kauffman And Associates Inc | 12/30/19 | $494,602 |
Chilton Investment Company Llc | 12/30/19 | $1,256,916 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,166,090 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,726,465 |
| Capital Gain Net Income | $118,364,744 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $342,595 |
| Total Revenue | $146,235,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,294,222 |
| Other employee salaries and wages | $8,562,310 |
| Pension plans, employee benefits | $3,627,019 |
| Interest | $0 |
| Taxes | $5,761,251 |
| Depreciation | $1,557,660 |
| Occupancy | $487,244 |
| Travel, conferences, and meetings | $1,116,878 |
| Printing and publications | $0 |
| Other expenses | $1,349,317 |
| Total operating and administrative expenses | $32,268,820 |
| Contributions, gifts, grants paid | $101,907,778 |
| Total expenses and disbursements | $134,176,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,601,465 |
| Savings and temporary cash investments | $81,979,655 |
| Net Accounts receivable | $17,448,275 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $916,819 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,318,989,683 |
| Net Land, buildings, and equipment | $47,726,243 |
| Other assets | $3,031,047 |
| Total assets | $3,189,809,007 |
| Accounts payable and accrued expenses | $17,274,349 |
| Grants payable | $63,701,425 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $15,194,298 |
| Total liabilities | $96,170,072 |
Grants Awarded
Over the last fiscal year, Margaret A Cargill Foundation has awarded $155,205,870 in support to 633 organizations.
| Grant Recipient | Amount |
|---|---|
THE END FUND INC PURPOSE: EXPANDING TREATMENT FOR NEGLECTED TROPICAL DISEASES FOR WOMEN AND GIRLS IN ETHIOPIA | $5,000,000 |
Washington, DC PURPOSE: SUPPORT FOR MIDWEST EARLY RECOVERY FUND | $3,100,000 |
Los Angeles, CA PURPOSE: SUPPORT FOR YOUTH ORCHESTRA LA (YOLA) AND YOLA NATIONAL PROGRAMMING | $3,000,000 |
Minneapolis, MN PURPOSE: SUPPORT FOR A DONOR ADVISED FUND AT THE MINNEAPOLIS FOUNDATION | $2,680,000 |
New York, NY PURPOSE: PREVENT THE LOSS OF LIFE AND MITIGATE ADVERSE SOCIAL IMPACTS OF HAZARDS ON VULNERABLE CHILDREN | $2,016,592 |
Duluth, MN PURPOSE: SUPPORT FOR AN INTEGRATED RURAL COMMUNITY AGING PROGRAM | $2,010,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Margaret A Cargill Foundation Eden Prairie, MN | $3,189,809,007 | $146,235,150 |
Otto Bremer Trust St Paul, MN | $1,347,640,816 | $94,804,638 |
The Richard M Schulze Family Foundation Minneapolis, MN | $248,694,629 | $165,153,269 |
Medtronic Communities Foundation Minneapolis, MN | $139,693,396 | $82,177,681 |
Northwest Area Foundation St Paul, MN | $476,449,216 | $15,069,261 |
Manitou Fund White Bear Lake, MN | $984,047,898 | $969,820,600 |
Richard O Jacobson Foundation Inc Des Moines, IA | $0 | $21,500,018 |
J A Wedum Foundation Minneapolis, MN | $132,054,818 | $56,321,347 |
Lunda Charitable Fund Inc Black River Falls, WI | $54,780,973 | $2,553,689 |
Target Foundation Minneapolis, MN | $17,816,807 | $22,990,908 |
Herbert H Kohl Charities Inc Milwaukee, WI | $0 | $4,457,488 |
3m Foundation St Paul, MN | $14,130,445 | $13,263,360 |