Form 990-PF for tax year 2024

Totals

Total revenue

$189,397,037

Total expenses

$209,369,790

Contributions and grants received

$4,133

Contributions, gifts and grants paid

$153,191,544

Fair market value of assets, end of year

$2,712,040,525

Listed in Part VIII

Compensation is as filed in Part VIII of the Form 990-PF: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants paid on this return

Grants paid, cash basis (Part I, line 25, column (d))

$145,891,450

As filed, and sometimes filed as 0.

Grants paid, Part XV total (line 3a)

$145,891,450

The foundation's own total of the grants it itemizes.

These are the grants the foundation paid during the year. The “Contributions, gifts and grants paid” total above is the figure on the foundation's books. This return marks the accrual method, under which a grant is recorded when the foundation commits to it rather than when it pays, so the books total need not agree with the cash figures in this section: a grant promised one year and paid in another is counted in different years.

• Minneapolis Foundation

  $10,000,000

  Minneapolis, MN

  for the GroundBreak Coalition special purpose fund

• United States Energy Foundation

  $9,600,000

  San Francisco, CA

  to equitably decarbonize the Midwest by supporting powerful and inclusive coalitions with the ability to transform markets and the economy through state action in seven states

• Minneapolis Foundation

  $5,000,000

  Minneapolis, MN

  for the GroundBreak Coalition special purpose fund

• Minnesota Home Ownership Center

  $2,200,000

  Saint Paul, MN

  to bridge capacity needs and scale the deployment capacity of GroundBreak Coalition supported down payment assistance products

• Climate and Clean Energy Equity Fund

  $2,000,000

  Washington DC, DC

  for general operating support

• Rewiring America Inc

  $2,000,000

  Washington, DC

  to advance equitable electrification in the Midwest through place-based demonstration projects and policy development

• The McKnight Endowment Fund for Neuroscience

  $2,000,000

  Minneapolis, MN

  for award programs supporting research in neuroscience

• Community Foundation of Jackson Hole

  $1,850,000

  Jackson, WY

  for family-directed giving

• Greater Minnesota Housing Fund

  $1,750,000

  St Paul, MN

  for general operating support

• Brick By Brick Training & Development Corporation

  $1,500,000

  Minneapolis, MN

  to purchase a 400+ single family rental portfolio of properties and equitably reposition them for homeownership

The 10 largest to organizations. The API serves every grant row.

2 grants to individuals, $100,000 in total. Counted where the foundation named the recipient as a person or marked it as an individual, as filed. Who received them, where, and why are not published.

Provenance

Return type

form_990_pf

Tax year

2024

Filed

14 November 2025

IRS schema version

2024v5.1

Source object

202513189349104906

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.