Saint Paul & Minnesota Foundation
- Assets
- $1.7b
- Revenue
- $301.9m
- Investments
- $667.3m
- Employees
- 83
- Location
- Saint Paul, MN
- Founding
- 02/1995
- Data as of
- 12/2021
- 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 12/2021, Minnesota Philanthropy Partners employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Philanthropy Partners 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, Minnesota Philanthropy Partners generated $301.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $128.4m during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 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 7,476 individual grants totaling $547,830,702. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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:
WE WORK WITH DONORS, PROFESSIONAL AND LEGAL ADVISORS, NONPROFIT ORGANIZATIONS AND LOCAL LEADERS TO IDENTIFY AND SUPPORT CRITICAL NEEDS ACROSS THE STATE OF MINNESOTA. 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. 1,045 GRANTS WERE APPROVED FROM THE COMMUNITY SHARING FUND DURING 2021. 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. 99 GRANTS WERE APPROVED FROM THE DUKE FUND DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Jolly President And Secretary | Officer | 40 | $509,625 |
Shannon O'leary Chief Investment Officer | Officer | 40 | $295,166 |
Jeremy Wells SVP Philantropic Services | Officer | 40 | $247,762 |
Nadege Souvenir SVP Of Operations | Officer | 40 | $233,275 |
Scott Zastoupil Chief Financial Officer, Treasurer | Officer | 40 | $209,541 |
Pahoua Hoffman SVP Community Impact | Officer | 40 | $207,573 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Bank Center Rent | 12/30/21 | $538,345 |
Verus Advisory Inc Investment Advisory Services | 12/30/21 | $395,000 |
Givemn Program Consultants | 12/30/21 | $315,000 |
Atomic Data It Consulting | 12/30/21 | $395,171 |
Whittier Advertising Inc Communications | 12/30/21 | $419,126 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $109,743 |
| Membership dues | $0 |
| Fundraising events | $50,736 |
| Related organizations | $0 |
| Government grants | $139,983 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,627,230 |
| Noncash contributions included in lines 1a–1f | $20,563,760 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,927,692 |
| Total Program Service Revenue | $1,308,887 |
| Investment income | $32,485,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $267 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $177,744,051 |
| Net Income from Fundraising Events | $6,362 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,856,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,003,732 |
| Grants and other assistance to domestic individuals. | $1,177,544 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,146,088 |
| Compensation of current officers, directors, key employees. | $1,163,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,907,249 |
| Pension plan accruals and contributions | $498,481 |
| Other employee benefits | $639,168 |
| Payroll taxes | $494,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $174,802 |
| Fees for services: Accounting | $136,620 |
| Fees for services: Lobbying | $812 |
| Fees for services: Fundraising | $270,720 |
| Fees for services: Investment Management | $6,005,233 |
| Fees for services: Other | $2,512,474 |
| Advertising and promotion | $457,272 |
| Office expenses | $144,998 |
| Information technology | $390,287 |
| Royalties | $0 |
| Occupancy | $430,056 |
| Travel | $2,114 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $298,746 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,586 |
| Insurance | $174,788 |
| All other expenses | $0 |
| Total functional expenses | $128,433,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $173,962,976 |
| Pledges and grants receivable | $24,093,506 |
| Accounts receivable, net | $71,891 |
| 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 | $168,832 |
| Net Land, buildings, and equipment | $408,307 |
| Investments—publicly traded securities | $793,733,017 |
| Investments—other securities | $667,268,957 |
| Investments—program-related | $6,779,679 |
| Intangible assets | $0 |
| Other assets | $2,524,607 |
| Total assets | $1,669,011,772 |
| Accounts payable and accrued expenses | $1,783,779 |
| Grants payable | $12,551,762 |
| 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 | $685,342 |
| Total liabilities | $15,020,883 |
| Net assets without donor restrictions | $1,619,025,544 |
| Net assets with donor restrictions | $34,965,345 |
| 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 | $1,669,011,772 |
Grants Awarded
Over the last fiscal year, Saint Paul & Minnesota Foundation has awarded $106,721,137 in support to 1,258 organizations.
| Grant Recipient | Amount |
|---|---|
Warroad, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $16,029,672 |
White Bear Lake, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $4,848,970 |
Minneapolis, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $3,646,667 |
Minneapolis, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $2,437,525 |
St Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $2,049,743 |
Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $2,014,879 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saint Paul & Minnesota Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Ronald And Janet Schutz Family Wilmington, DE PURPOSE: WAYZATA EDUCATION FUND DRIVE 4 EXCELLENCE | $1,000 |
Endowment Analysis
| Beg. Balance | $974,013,549 |
| Earnings | $167,754,278 |
| Admin Expense | $6,478,769 |
| Net Contributions | $21,694,023 |
| Other Expense | $108,362 |
| Grants | $40,197,281 |
| Ending Balance | $1,116,677,438 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN | $1,669,011,772 | $301,856,819 |
Minneapolis Foundation Minneapolis, MN | $763,755,990 | $141,518,502 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Sioux Falls Area Community Foundation Inc Sioux Falls, SD | $264,068,911 | $59,923,672 |
Catholic Community Foundation Of Minnesota St Paul, MN | $510,001,439 | $72,097,381 |
Communitygiving St Cloud, MN | $193,103,222 | $46,523,540 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |