Form 990-PF for tax year 2023

Totals

Total revenue

$106,746,947

Total expenses

$162,849,317

Contributions and grants received

$0

Contributions, gifts and grants paid

$114,829,503

Fair market value of assets, end of year

$2,661,443,888

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))

$109,067,200

As filed, and sometimes filed as 0.

Grants paid, Part XV total (line 3a)

$109,067,200

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.

• United States Energy Foundation

  $9,600,000

  San Francisco, CA

  To build and support the Midwest network of advocates in pursuit of ambitious and equitable climate action

• The McKnight Endowment Fund for Neuroscience

  $2,580,000

  Minneapolis, MN

  For award programs supporting research in neuroscience

• Habitat for Humanity of Minnesota Inc

  $2,500,000

  Saint Paul, MN

  For a recoverable grant to expedite deployment of newly appropriated Homeownership Investments Grant program ($40M) and leverage expanded resources in Workforce & Affordable Homeownership Program, Challenge Program ($60M), and Housing Infrastructure Bonds

• New Venture Fund

  $2,000,000

  Washington, DC

  To support grantmaking and technical assistance for BIPOC organizing on climate and clean energy in the Midwest

• The Minneapolis Foundation

  $2,000,000

  Minneapolis, MN

  For McKnight's Donor Advised Fund

• Youthprise

  $1,960,420

  Minneapolis, MN

  For one-time strategic capital

• Youthprise

  $1,925,000

  Minneapolis, MN

  For general operating support, and one-time project support to assist Youthprise in business model planning

• Community Foundation of Jackson Hole

  $1,741,140

  Jackson, WY

  For family-directed giving

• Minnesota Community Land Trust Coalition

  $1,500,000

  Duluth, MN

  To create a 0% loan fund to leverage state appropriations and support the 13 MN Community Land Trusts with acquisition, pre-development, and development costs associated with creating perpetually affordable homes across Minnesota

• Local Initiatives Support Corporation

  $1,251,460

  New York, NY

  To support the operations of LISC Twin Cities

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

2023

Filed

14 November 2024

IRS schema version

2023v5.1

Source object

202423199349100607

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

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