BOREALIS PHILANTHROPY

MINNEAPOLIS, MN, 55401-1653 (612) 224-9644 Est. 2014 EIN 46-4598642
A99 - Arts, Culture & Humanities N.E.C. 990 - Public charity return 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
1,816
Total Giving
$190.2M
Recipients
1,812
Years Active
2018 - 2024
Avg grant: $105,772 Median: $77,500

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
2024360$37.3M $104K114246
2023331$31.7M $96K117214
2022332$36.0M $108K126206
2021285$31.7M $111K109174
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
580
$100K - $500K
292
$500K - $1M
207
$10M - $50M
180
$5M - $10M
144
Under $100K
73
Over $50M
73

Top Grantees

Page 1 of 3
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

Grants Awarded · 1629 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 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$42,473,306 ↑$54,652,165$64,069,813
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$39,366,975 ↑$44,560,166$73,069,836
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$37,532,996 ↓$45,590,858$77,170,781
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$83,860,189 ↑$39,182,151$85,005,173
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$50,610,882 ↑$36,411,224$40,316,605
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$23,433,054 $28,187,261$18,322,864

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