SAINT PAUL & MINNESOTA FOUNDATION

SAINT PAUL, MN, 55102-1329 (651) 224-5463 Est. 1940 EIN 41-6031510
T310— Philanthropy & Grantmaking Form 990 501(c)(3)
WWW.SPMCF.ORG

Mission

PURPOSE: WE INSPIRE, ADVOCATE AND INVEST TO ADVANCE COMMUNITY VISIONS. CONTINUED ON SCH O

Giving Portfolio

Total Grants
8,069
Total Giving
$684.3M
Recipients
8,016
Years Active
2018 - 2024
Avg grant: $81,886 Median: $22,500

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20241446$193.2M $134K3131132
20231357$97.2M $72K3001053
20221277$87.3M $68K321955
20211258$106.7M $85K311933
20201201$97.9M $81K590593
2019741$48.9M $66K244497
2018789$53.0M $67K7740

Sectors Funded

Education
1010
Human Services
824
Arts, Culture & Humanities
810
Philanthropy & Grantmaking
324
Health Care
304
Community Improvement
254
Environment
251
International & Foreign Affairs
250
and 18 more sectors

Top States

Minnesota
6319
California
175
New York
158
Florida
141
Wisconsin
137
Illinois
119
District of Columbia
114
Massachusetts
89
and 41 more states

Grantee Size Profile

$1M - $5M
1684
$10M - $50M
1043
Over $50M
948
$100K - $500K
929
$500K - $1M
638
$5M - $10M
547
Under $100K
342

Top Grantees

$80.0M
MN - 4 grants
$23.0M
$18.7M
MN - 7 grants
$16.3M
$14.3M
MN - 6 grants
$11.4M
$7.7M
$6.9M
$6.5M
and 15 more grantees

Grants Awarded · 6989 grants

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Financials

Total Revenue
$160,961,315
Total Expenses
$218,703,729
Net Assets
$1,531,486,014
87 employees 166 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
7.0 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 40.7%
Expenses ↑ 72.4%
Revenue Sources
Contributions 41.7% Earned revenue 1.3% Investment 57.0%
Expense Breakdown
Program 93.1% Management 4.8% Fundraising 2.1%

Officers & Trustees (32)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 Form 990$160,961,315 $218,703,729$1,531,486,014
2023 Form 990$114,417,024 $126,875,839$1,542,237,515
2022 Form 990$122,971,818 $112,915,952$1,446,185,412
2021 Form 990$301,856,819 $128,433,023$1,653,990,889
2020 Form 990$466,800,402 $119,923,634$1,439,259,797
2019 Form 990$118,527,281 $71,078,537$987,705,724
2018 Form 990$109,181,391 $73,339,461$861,120,999

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EIN: 41-6031510 · Source: IRS Form 990 e-file data