Saint Paul & Minnesota Foundation
- Assets
- $1.5b
- Revenue
- $466.8m
- Investments
- $622.0m
- Employees
- 79
- Location
- Saint Paul, MN
- Founding
- 02/1995
- Data as of
- 12/2020
- EIN
- 41-6031510
Organization Overview
Saint Paul & Minnesota Foundation, operating under the name Minnesota Philanthropy Partners, is located in Saint Paul, MN. The organization was established in 1995. 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 12/2020, Minnesota Philanthropy Partners employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2020, Minnesota Philanthropy Partners generated $466.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $119.9m during the year ending 12/2020. While expenses have increased by 11.7% 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, Minnesota Philanthropy Partners has awarded 5,016 individual grants totaling $343,220,463. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE INSPIRE GENEROSITY, ADVOCATE FOR EQUITY AND INVEST IN COMMUNITY-LED SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WORK WITH DONORS, PROFESSIONAL AND LEGAL ADVISORS, NONPROFIT ORGANIZATIONS AND LOCAL LEADERS TO IDENTIFY AND SUPPORT CRITICAL NEEDS IN THE GREATER SAINT PAUL AREA, INCLUDING DAKOTA, RAMSEY AND WASHINGTON COUNTIES. WE HELP DONORS ACHIEVE THEIR CHARITABLE GOALS AND ADDRESS CRITICAL ISSUES FACING COMMUNITIES AROUND THE STATE. THROUGH OUR GRANTMAKING, WE SUPPORT NONPROFITS DOING GREAT WORK IN SIX KEY AREAS: ECONOMIC OPPORTUNITY AND SECURITY; EDUCATION AND TRAINING; EXCELLENT QUALITY OF LIFE; HOUSING AND MOBILITY CHOICES; QUALITY AFFORDABLE HEALTH CARE; AND STRONG HUMAN SERVICES AND FAMILY SUPPORT.
THROUGH COMMUNITY INITIATIVES - INNOVATIVE AND RESPONSIVE PROGRAMS THAT DIRECTLY SERVE PEOPLE IN THE COMMUNITY - WE ARE ABLE TO SUPPORT AND ADDRESS TIMELY ISSUES. A SNAPSHOT OF OUR CURRENT WORK INCLUDES THE EAST METRO PULSE SURVEY AND REPORT. THE PROJECT INCLUDED A SURVEY FOR RESIDENTS THAT MEASURED COMMUNITY VITALITY AND QUALITY OF LIFE IN DAKOTA, RAMSEY, AND WASHINGTON COUNTIES. THE REPORT HAS BEEN SHARED WITH THE GENERAL PUBLIC TO HELP INFORM POLICY MAKERS, FUNDERS AND LOCAL LEADERS ABOUT THE OPPORTUNITIES AND CHALLENGES FACING THE EAST METRO REGION. VISIT WWW.SPMCF.ORG TO LEARN ABOUT ALL OF OUR COMMUNITY INITIATIVES.
WE SUPPORT EFFECTIVE GRANTMAKING AND PROVIDE ADMINISTRATIVE SERVICES FOR A WIDE VARIETY OF FUNDS AND FOUNDATIONS SERVING MINNESOTA AND THE EAST METRO AREA, INCLUDING DAKOTA, RAMSEY AND WASHINGTON COUNTIES.
THE FOUNDATION PROVIDES GRANTS TO INDIVIDUALS THROUGH THE COMMUNITY SHARING FUND AND J.C. AND L.A. DUKE EMPLOYEES ASSISTANCE FUND. THE COMMUNITY SHARING FUND PROVIDES SMALL GRANTS TO HELP INDIVIDUALS AND FAMILIES WEATHER A TEMPORARY SETBACK AND KEEP IT FROM BECOMING A MAJOR CRISIS. GRANTS HAVE BEEN USED TO HELP MAINTAIN TRANSPORTATION TO A JOB, COVER RENT OR PAY FOR CHILDCARE. THROUGH A NETWORK OF SOCIAL WORKERS, INDIVIDUALS CAN ACCESS THE FUND WHEN ALL OTHER FORMS OF EMERGENCY ASSISTANCE HAVE BEEN EXHAUSTED. 1,120 GRANTS WERE APPROVED FROM THE COMMUNITY SHARING FUND DURING 2020. THE DUKE FUND PROVIDES ASSISTANCE TO 3M EMPLOYEES WHO HAVE EXPERIENCED A CATASTROPHIC ILLNESS OR ACCIDENT. GRANTS HELP EMPLOYEES REGAIN SELF-SUFFICIENCY AND RETURN TO THE WORKPLACE. SUPPORT IS DESIGNED TO HELP EMPLOYEES THROUGH A TRANSITION AND IS NOT INDEFINITE. 46 GRANTS WERE APPROVED FROM THE DUKE FUND DURING 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Jolly President Secretary | Officer | 40 | $502,973 |
Shannon O'leary Cio | Officer | 40 | $292,802 |
Jeremy Wells SVP Philantr | Officer | 40 | $261,221 |
Nadege Souvenir SVP Of Opera | Officer | 40 | $236,408 |
Scott Zastoupil Cfo, Treasur | Officer | 40 | $213,434 |
Melanie Hoffert Chief Mrkt O | 40 | $175,793 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Catchafire Inc Prog Consultant | 12/30/20 | $260,000 |
Us Bank Center Rent | 12/30/20 | $532,136 |
Whittier Advertising Inc Communications | 12/30/20 | $566,893 |
Mckinsey & Company Inc Consulting | 12/30/20 | $526,403 |
Atomic Data It Consulting | 12/30/20 | $344,103 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $80,929 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $320,796,700 |
| Government grants | $152,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,778,146 |
| Noncash contributions included in lines 1a–1f | $332,746,628 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,808,526 |
| Total Program Service Revenue | $1,625,078 |
| Investment income | $21,114,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $270 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,952,296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $466,800,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,399,898 |
| Grants and other assistance to domestic individuals. | $1,090,951 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,620,773 |
| Compensation of current officers, directors, key employees. | $904,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,428,519 |
| Pension plan accruals and contributions | $552,945 |
| Other employee benefits | $575,419 |
| Payroll taxes | $476,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,202 |
| Fees for services: Accounting | $127,799 |
| Fees for services: Lobbying | $21,088 |
| Fees for services: Fundraising | $193,157 |
| Fees for services: Investment Management | $4,631,359 |
| Fees for services: Other | $3,127,364 |
| Advertising and promotion | $407,485 |
| Office expenses | $148,100 |
| Information technology | $397,222 |
| Royalties | $0 |
| Occupancy | $424,868 |
| Travel | $7,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $299,695 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,524 |
| Insurance | $182,137 |
| All other expenses | $0 |
| Total functional expenses | $119,923,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $109,856,248 |
| Pledges and grants receivable | $1,231,646 |
| Accounts receivable, net | $158,151 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $169,628 |
| Net Land, buildings, and equipment | $392,293 |
| Investments—publicly traded securities | $711,584,449 |
| Investments—other securities | $622,011,494 |
| Investments—program-related | $7,556,351 |
| Intangible assets | $0 |
| Other assets | $2,515,446 |
| Total assets | $1,455,475,706 |
| Accounts payable and accrued expenses | $1,944,989 |
| Grants payable | $13,494,765 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $776,155 |
| Total liabilities | $16,215,909 |
| Net assets without donor restrictions | $1,408,833,503 |
| Net assets with donor restrictions | $30,426,294 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,455,475,706 |
Grants Awarded
Over the last fiscal year, Saint Paul & Minnesota Foundation has awarded $97,889,102 in support to 1,202 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: MULTIPLE PURPOSES | $3,591,926 |
Roseville, MN PURPOSE: MULTIPLE PURPOSES | $2,324,665 |
St Paul, MN PURPOSE: MULTIPLE PURPOSES | $2,008,098 |
Rochester, MN PURPOSE: MULTIPLE PURPOSES | $1,926,216 |
Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $1,893,660 |
Minneapolis, MN PURPOSE: MULTIPLE PURPOSES | $1,682,023 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Saint Paul & Minnesota Foundation has recieved totaling $512,110.
| Awarding Organization | Amount |
|---|---|
Edelstein Family Foundation 050013733200 Edina, MN PURPOSE: PROGRAM SUPPORT | $197,265 |
Minnesota Vikings Foundation Eagan, MN PURPOSE: TECHNOLOGY RELIEF FUNDING | $100,000 |
Greater Minnesota Housing Fund St Paul, MN PURPOSE: ORGANIZATIONAL SUPPORT | $75,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $63,345 |
Lulu Foundation Minneapolis, MN PURPOSE: TO SUPPORT THE MINNESOTA DISASTER RECOVERY FUND. | $20,000 |
Greater Twin Cities United Way Minneapolis, MN PURPOSE: PROGRAM COSTS | $20,000 |
Endowment Analysis
| Beg. Balance | $600,001,998 |
| Earnings | $93,391,661 |
| Admin Expense | $6,460,365 |
| Net Contributions | $316,810,404 |
| Other Expense | $181,724 |
| Grants | $29,548,425 |
| Ending Balance | $974,013,549 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN | $1,455,475,706 | $466,800,402 |
Minneapolis Foundation Minneapolis, MN | $763,755,990 | $141,518,502 |
Community Fdn Of Greater Des Moines Des Moines, IA | $568,345,510 | $97,760,217 |
Thrivent Charitable Impact & Investing Minneapolis, MN | $523,936,676 | $81,831,339 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $146,536,732 | $45,114,463 |
Catholic Community Foundation Of Minnesota St Paul, MN | $386,711,687 | $35,853,848 |
Madison Community Foundation Madison, WI | $233,128,228 | $43,800,625 |
Sioux Falls Area Community Foundation Inc Sioux Falls, SD | $199,124,298 | $49,695,361 |
Communitygiving St Cloud, MN | $151,351,396 | $17,181,618 |
3m Open Fund Blaine, MN | $4,682,267 | $10,455,827 |
Quad Cities Community Foundation Bettendorf, IA | $156,922,829 | $26,931,536 |