EIN 41-6029402

The Minneapolis Foundation

IRS 501(c) type
501(c)(3)
Num. employees
64
Year formed
1915
Most recent tax filings
2024-03-01
NTEE code, primary
Description
The Minneapolis Foundation (The Foundation) believes that The well-being of each citizen is connected to that of every other and that The vitality of any community is determined by The quality of those relationships.
Total revenues
$146,901,684
2024
Total expenses
$134,196,439
2024
Total assets
$1,134,066,155
2024
Num. employees
64
2024

Program areas at The Minneapolis Foundation

The Minneapolis Foundation is one of The oldest and largest community foundations in The nation. Established in 1915, The Foundation cultivates generosity by taking action on The greatest civic, social, and economic needs partnering with nonprofits, facilitating grantmaking, driving research and advocacy, and providing services to donors seeking to make a difference in their communities. As a community Foundation, we invest and distribute grants from charitable funds established by members of The community. Today, we manage more than $1 billion in assets and administer more than 1,500 charitable funds created by individuals, families, businesses, and nonprofits. Millions of dollars in grants are distributed from these funds each year (see part 1, line 13), either personally advised by or in accordance with The legacy wishes of our donors. We also steward a permanent charitable endowment and distribute The income from it to benefit The community. The Foundation creates intersections in civic life that foster a generous community of donors, organizations, staff, volunteers, and residents who listen, learn, and take responsive action to address pressing needs. We support donors and partners as they express their generosity personally, collectively, and across generations. We invest in community-shaped and community-driven solutions using all available tools and resources. We use our access and influence to amplify and elevate The voices and leadership of others. We create measurable meaning and impact across our work through research, evaluation, and knowledge-sharing. We demonstrate philanthropic and organizational excellence in impact, integrity, and innovation. During The year ended march 31, 2024, The Minneapolis Foundation received more than $98 million in gifts and awarded more than $114 million in total grants. Our donors advised more than $86 million in grants to causes locally and around The united states. The Foundation distributed community grants totaling over $13 million. The remaining grants were from a variety of funds including corporate employee assistance funds, scholarships, designated funds and others. More information about The Minneapolis Foundation can be found at www.minneapolisfoundation.org.

Grants made by The Minneapolis Foundation

GranteeGrant descriptionAmount
Vanguard Charitable Endowment ProgramDonor-Advised, General$15,583,407
Great MN SchoolsEducation, Donor-Advised, Education$4,925,500
University of Minnesota Foundation (UMF)Education, Health, Donor-Advised, Education, Donor-Advised, General$2,063,046
...and 926 more grants made totalling $96,436,715

Who funds The Minneapolis Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Margaret A Cargill FoundationDevelopment of the Margaret A. Cargill Foundation Donor Advised Fund at the Minneapolis Foundation$6,850,000
Elmer L and Eleanor J Andersen FoundationSee Schedule A$5,483,439
Cove FoundationGeneral Funding$4,552,050
...and 124 more grants received totalling $45,180,026

Financials for The Minneapolis Foundation

RevenuesFYE 03/2024
Total grants, contributions, etc.$98,051,635
Program services$1,338,208
Investment income and dividends$21,928,393
Tax-exempt bond proceeds$0
Royalty revenue$53,853
Net rental income$0
Net gain from sale of non-inventory assets$25,531,636
Net income from fundraising events$-2,041
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$146,901,684

Organizations like The Minneapolis Foundation

OrganizationLocationRevenue
The Boston Foundation (TBF)Boston, MA$161,296,905
Arizona Community FoundationPhoenix, AZ$95,243,334
New Hampshire Charitable FoundationConcord, NH$93,727,028
The Denver FoundationDenver, CO$108,742,732
Greater Washington Community FoundationWashington, DC$99,984,918
The Cleveland FoundationCleveland, OH$370,353,894
The Rhode Island FoundationProvidence, RI$87,701,485
California Community FoundationLos Angeles, CA$270,688,976
Seattle FoundationSeattle, WA$186,713,007
Community Foundation of New JerseyMorristown, NJ$145,893,936
Data update history
May 28, 2025
Received grants
Identified 6 new grant, including a grant for $1,937,796 from University of Minnesota Foundation (UMF)
March 31, 2025
Posted financials
Added Form 990 for fiscal year 2024
March 27, 2025
Received grants
Identified 58 new grant, including a grant for $6,850,000 from Margaret A Cargill Foundation
March 26, 2025
Updated personnel
Identified 5 new personnel
March 26, 2025
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Grantmaking organizationsCommunity foundationsHeadquarter / parent organizationsCharities
Issues
Community improvement
Characteristics
Political advocacyOperates donor advised fundsProvides grantsLobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
800 Ids St 80 S Eighth
Minneapolis, MN 55402
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
minneapolisfoundation.org/ 
Phone
(612) 672-3878
Facebook page
MinneapolisFoundation 
Twitter profile
@mplsfoundation 
IRS details
EIN
41-6029402
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1915
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0219681
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2025-08-06
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