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.
For the year ending 12/2021, Anne Ray Foundation generated $429.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $189.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Anne Ray Foundation has awarded 289 individual grants totaling $422,312,335. 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 SUPPORTED 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 2022 ANNE RAY FOUNDATION MADE GRANTS TO DESIGNATED SUPPORTED ORGANIZATIONS FOR A VARIETY OF PROGRAMS AS DETAILED ON SCHEDULE I, PART II. GRANTS REPORTED AT SCHEDULE I REFLECT CASH GRANT PAYMENTS DURING THE YEAR. GRANT EXPENSE AS REPORTED ON PART IX OF THE FORM 990 REPORTS EXPENSE UNDER ACCRUAL BASIS ACCOUNTING RULES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Morse Board Chair | Trustee | 9 | $77,500 |
Right Reverend John Chane Director | Trustee | 6 | $58,500 |
Win Neuger Director | Trustee | 5 | $45,250 |
Stuart Tobisman Director | Trustee | 6 | $0 |
Paul Busch Director/pres & CEO | OfficerTrustee | 50 | $0 |
Naomi Horsager Treasurer/cfo | Officer | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Margaret A Cargill Foundation Shared Serv Exp Reimbursement | 12/30/22 | $25,329,486 |
Record Currency Mgmt Investment Management | 12/30/22 | $1,204,087 |
Chilton Investment Company Llc Investment Management | 12/30/22 | $1,602,801 |
Financial Risk Group Inc Investment Management | 12/30/22 | $505,059 |
State Street Global Advisors Investment Management | 12/30/22 | $417,261 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $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 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 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 | $0 |
| 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 |
| 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 |
| Total liabilities and net assets/fund balances | $5,359,902,747 |
Grants Awarded
Over the last fiscal year, Anne Ray Foundation has awarded $155,041,530 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN NATIONAL RED CROSS PURPOSE: BUILDING AND STRENGTHENING OPERATIONAL READINESS IN THE MIDWEST REGION | $600,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: AQUATICS CENTENNIAL CAMPAIGN AND WHALE TALES PROGRAMMING | $450,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: SUSTAINABILITY ASSESSMENT OF LARGEST CARBON FOOTPRINT FACILITIES | $1,000,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: MEETING NEEDS IN LOW-ATTENTION DISASTERS IN THE MIDWEST | $800,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: INNOVATION LAB: LEVERAGING TECHNOLOGY TO MEET GROWING NEEDS | $1,500,000 |
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT PURPOSE: SUPPORT FOR DISASTER-PREPAREDNESS GLOBAL TOOLS | $830,000 |