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EIN 41-1604640

WEM Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Minnetonka
State
Minnesota
Year formed
1988
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
The WEM Foundation is a private foundation located in Minnetonka, MN. The trustees are Elizabeth S. MacMillan and Whitney MacMillan. The foundation made $15,339,950 in grants last year.
Total revenues
$446,057,255
2022
Total expenses
$213,317,249
2022
Total assets
$354,226,812
2022
Num. employees
1
2022

Grants made by WEM Foundation

GranteeGrant descriptionAmount
Dunwoody College of TechnologyGeneral$25,000,000
Mayo ClinicGeneral$25,000,000
Minnesota Historical Society (MNHS)General$20,000,000
...and 95 more grants made totalling $127,489,100

Personnel at WEM Foundation

NameTitleCompensation
James HieldPresident$260,000

Financials for WEM Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$6,019,542
Net rental income$0
Net gain from sale of non-inventory assets$439,941,199
Gross sales of inventory$0
Miscellaneous revenues$96,514
Total revenues$446,057,255

Form 990s for WEM Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-20990PFView PDF
2021-122022-11-14990PFView PDF
2020-122022-04-21990PFView PDF
2020-122021-11-10990PFView PDF
2019-122021-05-05990PFView PDF
...and 8 more Form 990s

Organizations like WEM Foundation

OrganizationLocationRevenue
The Roberts FoundationSan Mateo, CA$135,366,002
M&T Charitable FoundationBuffalo, NY$238,723,644
S&G FoundationAlbany, NY$315,987,459
Pedersen Family FoundationTysons, VA$222,850,661
Betty Wold Johnson FoundationPalm Beach, FL$492,098,181
Gene Haas FoundationOxnard, CA$162,482,381
JMM Charitable FoundationLos Angeles, CA$147,553,111
Sergey Brin Family FoundationSan Francisco, CA$805,946,506
Alice L Walton FoundationBentonville, AR$340,795,963
Isenberg Family Charitable FoundationPalm Beach, FL$178,857,843
Data update history
August 25, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 28, 2023
Posted financials
Added Form 990PF for fiscal year 2021
February 3, 2023
Posted financials
Added Form 990PF for fiscal year 2020
August 18, 2021
Posted financials
Added Form 990PF for fiscal year 2019
September 21, 2020
Posted financials
Added Form 990PF for fiscal year 2017
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donations
General information
Address
110 Cheshire Lane Suite 320
Minnetonka, MN 55343
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Phone
(612) 359-4490
IRS details
EIN
41-1604640
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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