Bush Foundation
- Assets
- $1.8b
- Revenue
- $192.3m
- Investments
- $1.8b
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 41-6017815
Organization Overview
Bush Foundation is located in St Paul, MN. The organization was established in 1972. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bush Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bush Foundation generated $192.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $69.1m during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bush Foundation has awarded 624 individual grants totaling $111,211,727. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Reedy President | 40 | $509,820 | |
John Otterlei Cio | 40 | $324,084 | |
Gregory Keane CFO | 40 | $299,000 | |
Anita Patel VP Of Grantmaking | 40 | $250,281 | |
Stephanie Andrews Director, Talent Dev | 40 | $201,510 | |
Jackie Allen Director, Grantmakin | 40 | $177,204 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Doran Leadership Partners Llc | 12/30/21 | $189,324 |
Longview Education Partners Llc | 12/30/21 | $133,000 |
North Peak | 12/30/21 | $131,810 |
Cambridge Associates Llc | 12/30/21 | $1,008,333 |
Lathrop Gpm | 12/30/21 | $128,682 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,661,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $184,429,147 |
| Capital Gain Net Income | $168,115,247 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $159,340 |
| Total Revenue | $192,250,269 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,202,740 |
| Other employee salaries and wages | $3,933,911 |
| Pension plans, employee benefits | $852,138 |
| Interest | $2,758,611 |
| Taxes | $3,425,826 |
| Depreciation | $10,536 |
| Occupancy | $317,666 |
| Travel, conferences, and meetings | $50,559 |
| Printing and publications | $167,858 |
| Other expenses | $717,200 |
| Total operating and administrative expenses | $17,286,343 |
| Contributions, gifts, grants paid | $51,821,424 |
| Total expenses and disbursements | $69,107,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,401,349 |
| Net Accounts receivable | $0 |
| 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 | $95,794 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,504,918,158 |
| Net Land, buildings, and equipment | $19,856 |
| Other assets | $23,202,449 |
| Total assets | $1,812,229,088 |
| Accounts payable and accrued expenses | $722,941 |
| Grants payable | $15,630,734 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $100,000,000 |
| Other liabilities | $13,229,841 |
| Total liabilities | $129,583,516 |
Grants Awarded
Over the last fiscal year, Bush Foundation has awarded $62,382,721 in support to 249 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: TO HAVE FIRST-TIME HOME BUYERS FROM BIPOC COMMUNITIES BECOME OWNER-OCCUPANT LANDLORDS OF 2-4 UNIT PROPERTIES IN SAINT PAUL IN SEVERAL INNER RING SUBURBS | $4,000,000 |
Saint Paul, MN PURPOSE: NEXUS COMMUNITY PARTNERS WILL DEVELOP AND TEST A NEW MODEL FOR SUPPORTING HEALING AND WELLNESS FOR BIPOC RACIAL EQUITY LEADERS IN MINNESOTA THROUGH SABBATICALS. THIS 3.5-YEAR PROJECT WILL INCLUDE A COMMUNITY DESIGN PROCESS, PILOT IMPLEMENTATION AND GRADUAL FULL IMPLEMENTATION OF A PAID SABBATICALS PROGRAM. THE ULTIMATE AIM OF THIS WORK IS TO ADVANCE PROGRESS ON ISSUES OF RACIAL EQUITY IN MINNESOTA BY SUPPORTING LEADERS TO INVEST IN THEIR OWN WELLNESS AND REJUVENATION FOR THE WORK. | $3,150,000 |
New York, NY PURPOSE: THE LOCAL INITIATIVES SUPPORT CORPORATION (LISC) TWIN CITIES WILL BUILD THE CAPACITY OF ITS ACQUISITION PARTNERS TO ACQUIRE KEY PROPERTIES THROUGH THE COMMUNITY ASSET TRANSITION FUND (CATF). ACQUISITION PARTNERS WILL IDENTIFY AND PREPARE BIPOC OWNERS FOR LONG-TERM, SUSTAINABLE PROPERTY OWNERSHIP. THE COMBINATION OF THE CATF AND THIS CAPACITY BUILDING WILL BE TRANSFORMATIVE IN THE WAYS COMMUNITIES CAN CONTROL THEIR OWN PROPERTY DEVELOPMENT DESTINY. | $3,000,000 |
MINNESOTA INCLUSIVE GROWTH FUND LLC PURPOSE: SUPPORT MINNESOTA INCLUSIVE GROWTH FUND (MIGF) FOR WORK RELATED TO A PROGRAM-RELATED INVESTMENT TO FACILITATE ECONOMIC RECOVERY OF UNDERSERVED COMMUNITIES THAT EXPERIENCED HARDSHIP BECAUSE OF COVID-19 BY PROVIDING CAPITAL TO SMALL BUSINESSES SERVED BY MIGF ORIGINATORS | $2,500,000 |
New York, NY PURPOSE: SUPPORT FOR WORK RELATED TO A PROGRAM-RELATED INVESTMENT TO GAIN SITE CONTROL AND WORK WITH COMMUNITY ORGANIZATIONS TO FINANCE THE PURCHASE OF PROPERTIES IN EIGHT DISTRICTS LOCATED IN MINNEAPOLIS AND ST. PAUL, MINNESOTA. | $2,500,000 |
NATIVE GOVERNANCE CENTER PURPOSE: TRIBAL FINANCIAL SYSTEM CAPACITY BUILDING: IMPLEMENTATION PHASE | $2,048,160 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bush Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Marsal Family Foundation New York, NY PURPOSE: FINANCIAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bush Foundation St Paul, MN | $1,812,229,088 | $192,250,269 |
University Club Of Milwaukee Milwaukee, WI | $10,081,224 | $7,416,108 |
Public Health Law Center Inc St Paul, MN | $2,005,877 | $4,622,958 |
Chapel Hill Academy Inc Chanhassen, MN | $7,972,164 | $5,146,130 |
International Experience A Non- Profit Corporation Northfield, MN | $3,315,141 | $2,530,227 |
Maggie Applauds Great Goals In Education Inc Wayzata, MN | $26,327,381 | $2,188,614 |
Madison Community Cooperative Madison, WI | $4,314,477 | $1,420,997 |
Minnesota State College Student Association Inc W Saint Paul, MN | $1,729,546 | $828,239 |
Minnesota Intercollegiate Athletic Conference Bloomington, MN | $290,455 | $1,169,400 |
Bolder Options Minneapolis, MN | $1,671,157 | $1,108,504 |
Athletes Committed To Educating Students Minneapolis, MN | $1,071,272 | $1,427,462 |
Einstein Project Inc Green Bay, WI | $2,102,459 | $802,083 |