Anne Ray Foundation
- Assets
- $5.5b
- Revenue
- $429.0m
- Investments
- $4.8b
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1036008
Organization Overview
Anne Ray Foundation is located in Eden Prairie, MN. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public 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. Anne Ray 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, Anne Ray Foundation has awarded 195 individual grants totaling $267,270,805. 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
CHARITABLE GRANTMAKING TO SOME OR ALL DESIGNATED SUPPORTED ORGANIZATIONS.
Describe the Organization's Program Activity:
SEE SCHEDULE OOUR GRANTMAKING REFLECTS OUR MISSION, VALUES, AND OUR DONOR'S GUIDING PRINCIPLES.WE SUPPORT THE WORK OF OUR DESIGNATED SUPPORTING ORGANIZATIONS IN COMMUNITIES ACROSS SEVEN PROGRAM AREAS REFERRED TO AS DOMAINS. THE DOMAINS ARE: - ANIMAL WELFARE: WE FOCUS ON THE WELLBEING OF DOMESTIC ANIMALS AND INJURED WILD ANIMALS, AND WAYS TO INCREASE EMPATHY TOWARD ANIMALS AMONG CHILDREN AND ADULTS.- ARTS & CULTURES: WE HELP SUPPORT FOLK ARTS, NATIVE AMERICAN ART, MUSIC, TACTILE ART, AND ARTISTICALLY SIGNIFICANT CRAFTS THAT FOSTER HUMAN CREATIVITY.- DISASTER RELIEF & RECOVERY: WE SUPPORT WORK IN NATURAL DISASTER PREPAREDNESS, RELIEF, AND RECOVERY WITH EMPHASIS ON COMMUNITIES PRONE TO LOW-ATTENTION DISASTERS. - ENVIRONMENT: WE SUPPORT THE CONSERVATION OF NATURAL RESOURCES AND PROTECTION OF NATURAL HABITATS. - LEGACY & OPPORTUNITY: WE PROVIDE FUNDING FOR OPPORTUNITIES ALIGNED WITH MARGARET A. CARGILL PHILANTHROPIES' STRATEGIC PRIORITIES AND SUPPORT FOR GEOGRAPHIES OF IMPORTANCE TO OUR FOUNDER, MARGARET CARGILL.- QUALITY OF LIFE: WE SUPPORT CHILDREN, YOUNG ADULTS, FAMILIES, AND OLDER ADULTS THROUGHOUT LIFE'S JOURNEY.- TEACHERS & STUDENTS: WE SUPPORT THE TEACHING PROFESSION AND STUDENT SUCCESS.DURING 2021 ANNE RAY FOUNDATION MADE GRANTS TO DESIGNATED SUPPORTED ORGANIZATIONS FOR A VARIETY OF PROGRAMS AS DETAILED ON SCHEDULE I, PART II.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Morse Board Chair | Trustee | 7 | $69,000 |
Right Reverend John Chane Director | Trustee | 4 | $52,500 |
Win Neuger Director | Trustee | 3 | $39,000 |
Paul Busch Director/pres & CEO | OfficerTrustee | 50 | $0 |
Terrence Meersman VP Of Programs | Officer | 50 | $0 |
Heather Kukla Secretary/vp & Gen Counsel | Officer | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Margaret A Cargill Foundation Shared Serv Exp Reimbursement | 12/30/21 | $22,278,606 |
Chilton Investment Company Llc Investment Management | 12/30/21 | $1,475,208 |
Record Currency Mgmt Investment Management | 12/30/21 | $1,128,072 |
Fisher Asset Management Llc Investment Management | 12/30/21 | $934,386 |
Financial Risk Group Inc Investment Management | 12/30/21 | $458,579 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $96,059,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $330,584,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,038,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $158,995,238 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,498,362 |
| Compensation of current officers, directors, key employees. | $368,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,327,097 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,895,424 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $584,037 |
| Fees for services: Accounting | $247,546 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,665,687 |
| Fees for services: Other | $3,648,251 |
| Advertising and promotion | $0 |
| Office expenses | $101,655 |
| Information technology | $686,901 |
| Royalties | $0 |
| Occupancy | $1,537,729 |
| Travel | $11,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,914 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $56,512 |
| All other expenses | $38,540 |
| Total functional expenses | $189,028,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,434,940 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,529 |
| 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 | $5,793,762 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $680,826,177 |
| Investments—other securities | $4,786,627,937 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,492,759,345 |
| Accounts payable and accrued expenses | $15,155,396 |
| Grants payable | $117,701,202 |
| 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 | $0 |
| Total liabilities | $132,856,598 |
| Net assets without donor restrictions | $5,359,902,747 |
| Net assets with donor restrictions | $0 |
| 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 | $5,492,759,345 |
Grants Awarded
Over the last fiscal year, Anne Ray Foundation has awarded $136,128,877 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
Berea, KY PURPOSE: SUPPORT FOR BRIDGE STUDENT PROGRAMMING | $7,672,180 |
San Diego, CA PURPOSE: CAPITAL GRANT FOR ST. PAUL'S MANOR RENOVATION | $7,500,000 |
Arlington, VA PURPOSE: COMMUNITY-LED CONSERVATION, LIVELIHOODS AND RESILIENCE IN COASTAL ECOSYSTEMS | $7,500,000 |
Arlington, VA PURPOSE: COMMUNITY-LED CONSERVATION IN TROPICAL FOREST LANDSCAPES | $7,000,000 |
Chicago, IL PURPOSE: SUPPORT FOR CAMP ACCESS AND YOUTH CAMP EXPERIENCES | $6,298,976 |
Arlington, VA PURPOSE: CAPACITY BUILDING GRANT TO SUPPORT AUDIENCE ENGAGEMENT | $5,650,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anne Ray Foundation Eden Prairie, MN | $5,492,759,345 | $429,038,165 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |