Saint Paul & Minnesota Foundation, operating under the name Minnesota Philanthropy Partners, is located in St 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 12/2023, Minnesota Philanthropy Partners employed 84 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 9,630 individual grants totaling $689,785,328. 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
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:
Part 3 - Line 4a
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. WE PROVIDE SEVERAL GRANTMAKING PROGRAMS THAT SUPPORT NONPROFITS ACROSS STATE OF MINNESOTA. OUR TWICE-YEARLY BUILDING COMMUNITY CAPACITY ENDOWMENT GRANT PROGRAM PROVIDES CRITICAL FUNDING IN THE SIX PRIORITY AREAS OF COMMUNITY CONNECTEDNESS; ECONOMIC OPPORTUNITY AND SECURITY; EDUCATION; HEALTH; HOUSING AND TRANSPORTATION; AND HUMAN SERVICES AND FAMILY SUPPORT. YOU CAN LEARN MORE ABOUT OUR BUILDING COMMUNITY CAPACITY GRANTING PROGRAM BY GOING TO HTTPS://SPMCF.ORG/WHO-WE-ARE/NONPROFITS-WE-FUND.
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. 646 GRANTS WERE APPROVED FROM THE COMMUNITY SHARING FUND DURING 2023. 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. 113 GRANTS WERE APPROVED FROM THE DUKE FUND DURING 2023.
THROUGH COMMUNITY INITIATIVES INNOVATIVE AND RESPONSIVE PROGRAMS THAT DIRECTLY SERVE PEOPLE IN THE COMMUNITY- WE CAN SUPPORT AND ADDRESS TIMELY ISSUES. A CURRENT INITIATIVE IS THE EAST METRO MAIN STREET ECONOMIC REVITALIZATION PROGRAM IN PARTNERSHIP WITH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED). STATE FUNDING OF $7 MILLION WAS AWARDED TO PROJECTS IN THE SNELLING-UNIVERSITY-RICE CULTURAL DISTRICT, THE EAST SIDE COMMUNITY AND ALONG WEST SEVENTH STREET IN SAINT PAUL. AN ADDITIONAL $2.15 MILLION WAS RAISED AND DISTRIBUTED TO FURTHER SUPPORT APPLICANTS TO MEET PROGRAM MATCHING FUND REQUIREMENTS AND COMPLETE PROJECTS. WE PRIORITIZED PROJECTS LED BY AND SERVING BLACK, INDIGENOUS, ASIAN, LATINO, NEW AMERICANS, IMMIGRANTS, REFUGES, PEOPLE WITH DISABILITIES, LGBTQI COMMUNITIES, VETERANS, LOW-INCOME COMMUNITIES, OR OTHER COMMUNITIES THAT HAVE BEEN HISTORICALLY UNDER-AND DIS-INVESTED IN BY TRADITIONAL FUNDING, AND 100% OF PROJECTS MET THESE CRITERIA. MORE THAN 85% OF THE PROJECTS WERE OWNED OR LED BY PEOPLE OF COLOR.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Diane Tran Board Chair | OfficerTrustee | 1 | $0 |
Joseph Lee Board Vice Chair | OfficerTrustee | 1 | $0 |
Janice Angell Board Member | Trustee | 1 | $0 |
Christophe Beck Board Member | Trustee | 1 | $0 |
Clarence Bethea Board Member | Trustee | 1 | $0 |
Michael Echols Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Whittier Advertising Inc Communications | 12/30/23 | $470,695 |
Catchafire Inc Program Consultant | 12/30/23 | $568,000 |
Verus Advisory Inc Investment Advisory Services | 12/30/23 | $295,000 |
10seven Program Consultant | 12/30/23 | $267,750 |
Atomic Data It Consulting | 12/30/23 | $269,586 |
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 |
Over the last fiscal year, Saint Paul & Minnesota Foundation has awarded $97,227,921 in support to 1,357 organizations.
Grant Recipient | Amount |
---|---|
100 RURAL WOMEN PURPOSE: MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES | $25,000 |
180 DEGREES INC PURPOSE: MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES | $9,795 |
30000 FEET PURPOSE: MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES | $50,000 |
360 COMMUNITIES PURPOSE: MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES | $21,000 |
8218 TRUCE CENTER PURPOSE: MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES | $20,000 |
826 MSP PURPOSE: MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES | $35,250 |