BOREALIS PHILANTHROPY

MINNEAPOLIS, MN, 55401-1653 (612) 224-9644 Est. 2014 EIN 46-4598642
A99— Arts, Culture & Humanities Form 990 501(c)(3)
BOREALISPHILANTHROPY.ORG

Mission

BOREALIS PHILANTHROPY DIRECTS RESOURCES TO PEOPLE BUILDING POWERFUL, THRIVING COMMUNITIES THAT SERVE ALL OF US, WITH THOSE MOST IMPACTED BY INJUSTICE LEADING THE WAY. WE INVEST IN LEADERS, ORGANIZATIONS, AND MOVEMENTS USING DIVERSE AND INNOVATIVE STRATEGIES TO PURSUE TRANSFORMATIONAL CHANGE, AND WE WORK WITH DONORS TO SUPPORT MOVEMENTS IN WAYS THEY MAY NOT BE ABLE TO DO ON THEIR OWN. THROUGH OUR WORK WITH BOTH FUNDERS AND GRANTEE PARTNERS, WE AIM TO SHIFT POWER AND INVEST IN COMMUNITIES.

Giving Portfolio

Total Grants
1,814
Total Giving
$189.9M
Recipients
1,810
Years Active
2018 - 2024
Avg grant: $105,705 Median: $77,500

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
2024360$37.3M $104K114246
2023331$31.7M $96K117214
2022331$35.9M $108K126205
2021284$31.4M $111K108174
2020304$29.1M $96K20597
2018204$24.5M $120K2040

Sectors Funded

Human Services
315
Civil Rights & Advocacy
294
Arts, Culture & Humanities
161
Crime & Legal-Related
122
Community Improvement
105
Education
102
Philanthropy & Grantmaking
91
Health Care
55
and 15 more sectors

Top States

California
290
New York
196
District of Columbia
122
Georgia
110
Illinois
89
Texas
86
North Carolina
85
Massachusetts
58
and 40 more states

Grantee Size Profile

$1M - $5M
578
$100K - $500K
284
$500K - $1M
212
$10M - $50M
171
$5M - $10M
157
Under $100K
74
Over $50M
71

Top Grantees

CA - 6 grants
$4.6M
CA - 4 grants
$2.4M
CA - 5 grants
$2.3M
$1.9M
$1.8M
$1.7M
WI - 6 grants
$1.7M
and 15 more grantees

Grants Awarded · 1627 grants

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Financials

Total Revenue
$42,473,306
Total Expenses
$54,652,165
Net Assets
$64,069,813
63 employees 9 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
14.1 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 7.9%
Expenses ↑ 22.6%
Revenue Sources
Contributions 97.2% Investment 2.8%
Expense Breakdown
Program 82.6% Management 15.7% Fundraising 1.7%

Officers & Trustees (17)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 Form 990$42,473,306 $54,652,165$64,069,813
2023 Form 990$39,366,975 $44,560,166$73,069,836
2022 Form 990$37,532,996 $45,590,858$77,170,781
2021 Form 990$83,860,189 $39,182,151$85,005,173
2020 Form 990$50,610,882 $36,411,224$40,316,605
2018 Form 990$23,433,054 $28,187,261$18,322,864

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EIN: 46-4598642 · Source: IRS Form 990 e-file data