SAINT PAUL & MINNESOTA FOUNDATION
370 WABASHA ST N STE 300, SAINT PAUL, MN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $210,840,402 | $139,909,503 | $1,658,695,204 |
| FY2024 | $160,961,315 | $218,703,729 | $1,531,486,014 |
| FY2023 | $114,417,024 | $126,875,839 | $1,542,237,515 |
| FY2022 | $122,971,818 | $112,915,952 | $1,446,185,412 |
| FY2021 | $301,856,819 | $128,433,023 | $1,653,990,889 |
| FY2020 | $466,800,402 | $119,923,634 | $1,439,259,797 |
| FY2019 | $118,527,281 | $71,078,537 | $987,705,724 |
| FY2018 | $109,181,391 | $73,339,461 | $861,120,999 |
| FY2017 | $119,822,337 | $76,717,221 | $922,256,096 |
| FY2016 | $70,805,559 | $64,514,320 | $825,436,330 |
| FY2015 | $74,826,640 | $61,627,445 | $781,871,500 |
| FY2014 | $103,858,176 | $66,168,397 | $796,980,523 |
| FY2013 | $87,728,997 | $70,808,535 | $770,043,035 |
| FY2012 | $66,338,852 | $92,525,679 | $679,594,991 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $94,443,953 | 97% |
| Program service revenue | $2,499,740 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $123,564,219 | 88% |
| Management & general | $11,725,089 | 8% |
| Fundraising | $4,620,195 | 3% |
What the numbers show
- Contributions & grants made up 97% of total revenue in FY2025.
- Program services accounted for 88% of functional expenses, management & general 8%, and fundraising 3%.
- 88% of functional expenses went to program services in FY2025. That is higher than 81.8% of 22 Philanthropy, Voluntarism & Grantmaking Foundations organizations in MN.
- Net assets covered about 142.3 months of expenses at the end of the reporting year. That puts it in the 61st percentile among 1199 Philanthropy, Voluntarism & Grantmaking Foundations organizations in MN.
- Total revenue was higher than 100% of 1215 Philanthropy, Voluntarism & Grantmaking Foundations organizations in MN.
- Total revenue rose from $66,338,852 in FY2012 to $210,840,402 in FY2025, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2012, FY2023, FY2024).
- The highest revenue on record here is $466,800,402 in FY2020.
- Net assets grew from $679,594,991 to $1,658,695,204 between FY2012 and FY2025.
- Contributions and grants made up 57% of revenue in FY2012 and 45% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
WE INSPIRE, ADVOCATE AND INVEST TO ADVANCE COMMUNITY VISIONS.
IRS status
| Ruling year | 1995 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T310 — Philanthropy, Voluntarism & Grantmaking Foundations |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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