Minneapolis Foundation

Organization Overview

Minneapolis Foundation is located in Minneapolis, MN. The organization was established in 1926. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2022, Minneapolis Foundation employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minneapolis 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 03/2020, Minneapolis Foundation generated $141.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $106.1m during the year ending 03/2020. While expenses have increased by 7.0% per year over the past 6 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 2015, Minneapolis Foundation has awarded 12,510 individual grants totaling $772,638,543. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TOGETHER, WE DRIVE COLLECTIVE ACTION IN ORDER TO REALIZE STRONG, VIBRANT COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Peregrine Capital Management
Investment Management
$401,508
Hs Management Partners
Investment Management
$309,261
Silchester International Investor Inc
Investment Management
$341,247
Nepc Llc
Investment Management
$329,550
Vulcan Value Partners
Investment Management
$204,805
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$107,429,335
Investment income $15,668,799
Tax Exempt Bond Proceeds $0
Royalties $35,983
Net Rental Income $0
Net Gain/Loss on Asset Sales $17,668,530
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $141,518,502

Grants Awarded

Over the last fiscal year, Minneapolis Foundation has awarded $93,963,944 in support to 1,506 organizations.

Grant RecipientAmount

Minneapolis, MN

PURPOSE: EDUCATION

$4,810,000

NATIONAL CHRISTIAN FOUNDATION

Org PageRecipient Profile

Alpharetta, GA

PURPOSE: DONOR-RECOMMENDED, PHILANTHROPY

$3,019,831

UNIVERSITY OF MINNESOTA FOUNDATION

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: EDUCATION

$2,757,855

FRIENDS OF THE FALLS

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: GENERAL

$2,650,000

THE NATURE CONSERVANCY

Org PageRecipient Profile

Arlington, VA

PURPOSE: DONOR-RECOMMENDED, ENVIRONMENT

$1,762,044

Minneapolis, MN

PURPOSE: DONOR-RECOMMENDED, RELIGION

$1,275,155
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Minneapolis Foundation has recieved totaling $91,750.

Awarding OrganizationAmount
Sokolof Grandchildren Charitable Foundation

Omaha, NE

PURPOSE: SUPPORT GENERAL PROGRAMS

$90,000
Albright Foundation

Edina, MN

PURPOSE: CHARITABLE

$1,750
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$344,554,365
Earnings$35,936,698
Net Contributions$7,769,207
Grants$14,157,358
Ending Balance$374,102,912

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