Otto Bremer Trust
- Assets
- $1.3b
- Revenue
- $94.8m
- Investments
- $1.2b
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 08/1949
- Data as of
- 12/2019
- EIN
- 41-6019050
Organization Overview
Otto Bremer Trust is located in St Paul, MN. The organization was established in 1949. 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, Otto Bremer Trust generated $94.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $69.1m during the year ending 12/2019. While expenses have increased by 17.2% per year over the past 2 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 2019, Otto Bremer Trust has awarded 798 individual grants totaling $52,983,486. 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 |
|---|---|---|---|
Daniel Reardon Co-Ceo/trustee/investment | 40 | $549,785 | |
S Brian Lipschultz Co-Ceo/trustee/investment | 40 | $543,317 | |
Charlotte Johnson Co-Ceo/trustee | 40 | $357,174 | |
Kari Suzuki Director Of Operatio | 40 | $199,175 | |
Aretha Green-Rupert Regional Director | 40 | $155,312 | |
Lue Her Regional Director | 40 | $153,910 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stinson Llp | 12/30/19 | $716,556 |
Bremer Bank Na | 12/30/19 | $156,901 |
Sullivan & Cromwell Llp | 12/30/19 | $979,055 |
Dorsey & Whitney Llp | 12/30/19 | $563,337 |
Greiner Construction | 12/30/19 | $186,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,689 |
| Dividends & Interest | $83,233,125 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,547,815 |
| Capital Gain Net Income | $82,675,993 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,019,009 |
| Total Revenue | $94,804,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,462,049 |
| Other employee salaries and wages | $2,051,916 |
| Pension plans, employee benefits | $610,154 |
| Interest | $0 |
| Taxes | $3,410,000 |
| Depreciation | $463,481 |
| Occupancy | $461,762 |
| Travel, conferences, and meetings | $258,103 |
| Printing and publications | $379,095 |
| Other expenses | $193,514 |
| Total operating and administrative expenses | $10,337,293 |
| Contributions, gifts, grants paid | $58,733,939 |
| Total expenses and disbursements | $69,071,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $747,428 |
| Savings and temporary cash investments | $123,026,557 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $2,177,808 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,246,870 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $596,889 |
| Total assets | $1,347,640,816 |
| Accounts payable and accrued expenses | $449,599 |
| Grants payable | $6,362,714 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,812,313 |
Grants Awarded
Over the last fiscal year, Otto Bremer Trust has awarded $52,983,486 in support to 798 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, MN PURPOSE: TO SUPPORT THE DEVELOPMENT AND EXECUTION OF MAYO CLINIC'S COMPREHENSIVE ADVANCED BIOMANUFACTURING STRATEGY. | $3,000,000 |
SMITHSONIAN INSTITUTION PURPOSE: TO SUPPORT THE BIAS INSIDE US, WHICH WILL ENCOURAGE COMMUNITIES AND INDIVIDUALS TO UNDERSTAND AND ADDRESS IMPLICIT BIAS ISSUES THROUGH A TRAVELING EXHIBITION AND ACCOMPANYING PROGRAMMING. | $1,000,000 |
Minneapolis, MN PURPOSE: TO SUPPORT THE INSTITUTE FOR CHILD AND ADOLESCENT BRAIN HEALTH THAT WILL BE A WORLD-LEADING EPICENTER FOR RESEARCH, EDUCATION, AND CLINICAL INTERVENTION AIMED AT ENSURING EVERY CHILD HAS THE STRONGEST START TO A SAFE, HAPPY, AND PRODUCTIVE LIFE. | $1,000,000 |
Saint Paul, MN PURPOSE: FOR SUPPORT TO CREATE A RESOURCE FOR SHORT-TERM PRE-DEVELOPMENT FINANCING FOR ACQUISITION AND/OR PRE-DEVELOPMENT-RELATED EXPENSES TO SUPPORT BEACON'S SUPPORTIVE HOUSING DEVELOPMENT WORK IN THE TWIN CITIES. (PROGRAM RELATED INVESTMENT) | $500,000 |
THE SANNEH FOUNDATION INC PURPOSE: FOR GENERAL OPERATIONS AND PROGRAM SUPPORT OF THIS ORGANIZATION THAT SERVES YOUTH DEVELOPMENT NEEDS IN THE TWIN CITIES METRO AREA. | $450,000 |
Minneapolis, MN PURPOSE: FOR GENERAL OPERATIONS AND CAPITAL SUPPORT TO INCREASE SOCIAL AND ECONOMIC MOBILITY AMONG FAMILIES HEADED BY LOW-INCOME SINGLE MOTHERS IN SOUTHEASTERN MINNESOTA. | $400,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Otto Bremer Trust has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Dunn County Inc Menomonie, WI PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $222,792,049 | $14,759,051 |