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Saint Paul & Minnesota Foundation
Saint Paul & Minnesota Foundation reported $210.8 million in revenue and $139.9 million in expenses for calendar year 2025. Of every $100 it spent, $88.32 went to program services, $8.38 to management and general costs and $3.30 to fundraising. Its largest source of revenue was investment income: 54.0% of the total. The highest compensation it reported for one person was $990,863 (PREVIOUS PRESIDENT/CEO/SECRETARY). 25 people received more than $100,000 in reportable compensation. Revenue rose 78% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $140MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $211M- Contributions & grants (non-government)$44.65 $94M
- Government grants$0.14 $305K
- Program service revenue$1.19 $2.5M
- Investment income$54.02 $114M
Other revenue was negative: −$11. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.3% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.4% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.3% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 44.8% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.2% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $990,863 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.71% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 25 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 142.3 | 56.6 |
| Independent voting board members Part VI 1a–1b | 19 of 19 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseWe work with donors, professional advisors, nonprofit organizations and local leaders to identify and support critical needs across the state of minnesota. We partner with donors to achieve their charitable goals as they address the issues that are most important to them. Additionally, we offer several grantmaking programs that support nonprofits, including a twice-yearly building community capacity grant program that provides critical funding in six areas: community connectedness; economic opportunity and security; education; health; housing and transportation; and human services and family…
By investing in community-led solutions, the foundation supports organizations and leaders addressing timely issues. A community-led solution example includes the bush prize: minnesota, which is facilitated in partnership with the bush foundation. The bush prize: minnesota identifies and honors extraordinary organizations that consistently engage and lead their community toward creative solutions, provides them with flexible support to keep doing that work, and supports them to amplify their story to inspire others
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
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PREVIOUS PRESIDENT/CEO/SECRETARY Officer, 40.00 hrs/week | $943,969 | $0 | $46,894 | $990,863 |
| CHIEF INVESTMENT OFFICER Key employee, 40.00 hrs/week | $573,806 | $0 | $35,168 | $608,974 |
| DIRECTOR OF INVESTMENTS Highest compensated employee, 40.00 hrs/week | $359,377 | $0 | $55,390 | $414,767 |
| CFO/TREASURER Officer, 40.00 hrs/week | $316,926 | $0 | $51,171 | $368,097 |
| SVP PHILANTHROPIC SERVICES Key employee, 40.00 hrs/week | $305,077 | $0 | $56,056 | $361,133 |
| CHIEF MARKETING OFFICER Key employee, 40.00 hrs/week | $242,127 | $0 | $35,665 | $277,792 |
| VP OF PEOPLE AND CULTURE Key employee, 40.00 hrs/week | $225,160 | $0 | $41,431 | $266,591 |
| SVP OF COMMUNITY IMPACT Key employee, 40.00 hrs/week | $219,633 | $0 | $30,768 | $250,401 |
25 people received more than $100,000 in reportable compensation from Saint Paul & Minnesota Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.7M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b19 · 19 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 585
- Volunteers Part I, line 6156
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| WHITTIER ADVERTISING INC Communication services | $324,515 |
| REGENTS OF THE UNIVERSITY Research consultation | $275,000 |
| VERUS ADVISORY INC Investment advisory services | $270,417 |
| CLIFTONLARSONALLEN LLP Accounting services | $234,509 |
| ATOMIC DATA It consulting | $227,657 |
Individuals listed as contractors are left out. 13 contractors were paid more than $100,000 in all.
Private foundation grants it received
30 private foundations reported grants to Saint Paul & Minnesota Foundation totaling $13M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Saint Paul & Minnesota Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Saint Paul & Minnesota Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Saint Paul & Minnesota Foundation spent in 2025, $88.32 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Community Foundation of Northwest IndianaMunster, IN · revenue $209M · programs 41.3% · FY2025
- Community Foundation of New JerseyMorristown, NJ · revenue $212M · programs 98.3% · 2024
- The Denver FoundationDenver, CO · revenue $208M · programs 91.8% · 2024
- Sanford Health FoundationSioux Falls, SD · revenue $214M · programs 100.0% · 2024
- Hopewell FundWashington, DC · revenue $208M · programs 94.5% · 2024
All philanthropy, voluntarism & grantmaking charities · Largest charities in Minnesota
Questions people ask
How much of Saint Paul & Minnesota Foundation's spending goes to programs?
In calendar year 2025, Saint Paul & Minnesota Foundation reported that 88.3% of its $139.9 million in expenses went to program services, 8.4% to management and general and 3.3% to fundraising (Form 990, Part IX).
How much does Saint Paul & Minnesota Foundation pay its top executive?
The largest total compensation Saint Paul & Minnesota Foundation reported for one person in calendar year 2025 was $990,863, for the role of PREVIOUS PRESIDENT/CEO/SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Saint Paul & Minnesota Foundation get its money?
Of $210.8 million in revenue in calendar year 2025, 44.8% came from contributions and grants (including 0.1% from government grants) and 1.2% from program service revenue (Form 990, Part VIII).
Is Saint Paul & Minnesota Foundation a registered charity?
The IRS lists EIN 41-6031510 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202602399349301030 · read the filing
- 2024: Form 990 for calendar year 2024, object 202502379349301475 · read the filing
- 2023: Form 990 for calendar year 2023, object 202442349349300824 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312279349303531 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242229349301414 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132229349301203 · read the filing
- 2019: Form 990 for calendar year 2019, object 202042269349300509 · read the filing
All filings for EIN 41-6031510: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.