Minnesota Community Foundation

Inspiring generosity, investing for good.

aka Saint Paul & Minnesota Foundations   |   Saint Paul, MN   |  www.spmcf.org
This organization has not appeared on the IRS Business Master File in a number of months. It may have merged with another organization or ceased operations.
This organization's exempt status was automatically revoked by the IRS for failure to file a Form 990, 990-EZ, 990-N, or 990-PF for 3 consecutive years. Further investigation and due diligence are warranted.

Mission

Minnesota Community Foundation has been serving the statewide community since 1949 and has become the state's fastest growing community foundation-more than doubling its assets under management in less than five years.

Ruling year info

1959

Principal Officer

Dr. Eric J Jolly

Main address

101 Fifth Street East, Suite 2400

Saint Paul, MN 55101 USA

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Formerly known as

Minnesota Foundation

EIN

41-0832480

NTEE code info

Community Foundations (T31)

IRS filing requirement

This organization is required to file an IRS Form 990-N.

Sign in or create an account to view Form(s) 990 for 2020, 2019 and 2018.
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Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Donor Advised Funds

Minnesota Community Foundation serves individual donors, organizational endowments and community funds. Minnesota Community Foundation serves individuals and their professional advisors by providing a full array of charitable giving vehicles. Donor advised funds allow an individual to make tax-deductible contributions to a named fund and then make recommendations regarding proposed distributions for charitable purposes as desired. The donor may select family members or others to serve as advisors to the fund. Individuals can also create designated funds for specific organizations, field of interest funds for specific causes such as the environment, arts, etc. and scholarship funds. Organizational endowments are funds created by nonprofit organizations to serve as permanent endowments to secure their futures. These designated funds range in size from $10,000, which is the minimum, to several million dollars. Most bear the organization's name or the name of an individual donor. The Community Funds Program assists smaller communities and those not wishing to create an independent foundation structure, build permanent endowments and make grants to benefit their communities. Resources are raised within a community, held by Minnesota Community Foundation in a named fund, and part of the interest income is distributed in grants upon recommendation of the citizens of that community.

Population(s) Served

Where we work

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Financials

Minnesota Community Foundation
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

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Minnesota Community Foundation

Board of directors
as of 10/06/2023
SOURCE: Self-reported by organization
Board chair

Ms Mary Brainerd

HealthPartners

Janice Angell

Retired, 3M

Mary K. Brainerd

HealthPartners

Rassoul Dastmozd

Saint Paul College

Jacqueline A. Dorsey

Hvistendahl, Moersch, Dorsey & Hahn, P.A.

Steven Fritze

Retired, Ecolab

Thomas Grossman

Metropolitan Corp.

MayKao Y. Hang

Amherst H. Wilder Foundation

Christopher M. Hilger

Securian Financial Group

Adine S. Momoh

Stinson Leonard Street LLP

E. Gerald O'Brien, II

EGO Holdings, Inc.

Miguel Ramos

Minnesota Twins

Kathy Schmidlkofer

University of Minnesota Foundation

Paul L. Snyder

Diane Tran

HealthEast Foundation

Timothy Welsh

McKinsey & Company

Pamela Wheelock

University of Minnesota

Mark L. Wilson

Henson & Efron, PA

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No