Cargill Foundation
- Assets
- $267.5m
- Revenue
- -$2.7m
- Investments
- $256.8m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 04/1954
- Data as of
- 12/2022
- EIN
- 41-6020221
Organization Overview
Cargill Foundation is located in Minneapolis, MN. The organization was established in 1954. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cargill Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Cargill Foundation has awarded 386 individual grants totaling $76,053,062. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen May Director, President | 1 | $0 | |
Ben Aase Director | 1 | $10,000 | |
Sheila Riggs Director | 1 | $10,000 | |
Roger Watchorn Director, Vice President | 1 | $0 | |
Anna Richo Director, Vice President | 1 | $0 | |
Kojo Amoo-Gottfried Director, Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $146,359 |
| Dividends & Interest | $3,740,691 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,541,081 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$2,654,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,231 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,930 |
| Total operating and administrative expenses | $1,415,467 |
| Contributions, gifts, grants paid | $11,973,180 |
| Total expenses and disbursements | $13,388,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,469,905 |
| Savings and temporary cash investments | $6,232,655 |
| Net Accounts receivable | $2,999,440 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,527,876 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $267,522,951 |
| Accounts payable and accrued expenses | $321,701 |
| Grants payable | $5,258,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $117,571 |
| Total liabilities | $5,697,272 |
Grants Awarded
Over the last fiscal year, Cargill Foundation has awarded $19,458,079 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
30000 FEET PURPOSE: TECH GEEKS | $100,000 |
ACES (ATHLETES COMMITTED TO EDUCATING STUDENTS) PURPOSE: ACES SPORTS & STEM PROGRAMMING | $150,000 |
ACHIEVE TWIN CITIES PURPOSE: PROGRAM SUPPORT | $3,074,995 |
APPETITE FOR CHANGE PURPOSE: HUNGRY FOR CHANGE | $250,000 |
BESTPREP PURPOSE: CLOUD COACH, EMENTORS, CLASSROOM PLUS (CAREER DAY) AND MINNESOTA BUSINESS VENTURE PROGRAMS | $65,000 |
BANYAN FOUNDATION PURPOSE: ADOLESCENT EDUCATION SUPPORT PROGRAM - ACES | $70,000 |