SAINT PAUL & MINNESOTA FOUNDATION

ST PAUL, MN, 55102 (651) 224-5463 Est. 1940 EIN 41-6031510
T310 - Philanthropy & Grantmaking 990 - Public charity return 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
9,544
Total Giving
$791.6M
Recipients
9,490
Years Active
2018 - 2025
Avg grant: $80,737 Median: $23,056

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20251473$107.2M $73K2611211
20241446$193.2M $134K3131132
20231357$97.2M $72K3001053
20221277$87.3M $68K321955
20211258$106.7M $85K311933
20201202$97.9M $81K591593
2019742$48.9M $66K245497
2018789$53.0M $67K7740

Sectors Funded

Education
1170
Human Services
978
Arts, Culture & Humanities
970
Philanthropy & Grantmaking
384
Health Care
356
Environment
308
Community Improvement
300
International & Foreign Affairs
299
and 18 more sectors

Top States

Minnesota
7435
California
211
New York
194
Florida
172
Wisconsin
170
Illinois
141
District of Columbia
140
Massachusetts
104
and 41 more states

Grantee Size Profile

$1M - $5M
1947
$10M - $50M
1248
$100K - $500K
1160
Over $50M
1115
$5M - $10M
723
$500K - $1M
698
Under $100K
407

Top Grantees

Page 1 of 3
$80.0M
MN - 5 grants
$23.3M
$22.7M
MN - 8 grants
$17.0M
$16.9M
MN - 7 grants
$11.5M
$8.4M
$8.1M
$7.8M

Grants Awarded · 8316 grants

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Financials

Total Revenue
$210,840,402
Total Expenses
$139,909,503
Net Assets
$1,658,695,204
85 employees 156 volunteers
From latest filing (tax period ending 2025-12-31)

Financial Health

Operating Reserve
10+ years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 31.0%
Expenses ↓ 36.0%
Revenue Sources
Contributions 44.8% Earned revenue 1.2% Investment 54.0%
Expense Breakdown
Program 88.3% Management 8.4% Fundraising 3.3%

Officers & Trustees (32)

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Filing History (8 filings)

YearRevenueExpensesNet Assets
2025 990 - Public charity return
Jan 1, 2025 to Dec 31, 2025
$210,840,402 ↑$139,909,503$1,658,695,204
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$160,961,315 ↑$218,703,729$1,531,486,014
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$114,417,024 ↓$126,875,839$1,542,237,515
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$122,971,818 ↓$112,915,952$1,446,185,412
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$301,856,819 ↓$128,433,023$1,653,990,889
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$466,800,402 ↑$119,923,634$1,439,259,797
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$118,527,281 ↑$71,078,537$987,705,724
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$109,181,391 $73,339,461$861,120,999

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