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Filing year 2024

THE MINNEAPOLIS FOUNDATION

Minneapolis, Minnesota·EIN 41-6029402·NTEE T310 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$193M
Total assets
$1.2B
Total expenses
$152.4M
Reported officers
44
Mission

THE FOUNDATION CULTIVATES GENEROSITY BY TAKING ACTION ON THE GREATEST CIVIC, SOCIAL, AND ECONOMIC NEEDS PARTNERING WITH NONPROFITS, FACILITATING GRANTMAKING, DRIVING RESEARCH AND ADVOCACY, AND PROVIDING SERVICES TO DONORS SEEKING TO MAKE A DIFFERENCE IN THEIR COMMUNITIES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.

President & CEO
Above 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Minnesota
$477k
$509k
Base
$417k
Bonus
Other
$3k
Benefits
$29k
Senior Vice President, Philanthropic Services
Senior Vice President
75th to 90th percentile
$343k
$366k
Base
$276k
Bonus
Other
$3k
Benefits
$40k
Senior Vice President of Impact
Senior Vice President
75th to 90th percentile
$319k
$341k
Base
$278k
Bonus
Other
$10k
Benefits
$8k
Director, Business Development and Philanthropic a
75th to 90th percentile
$252k
$269k
Base
$205k
Bonus
Other
$3k
Benefits
$27k
Vice President for Talent and Culture
Board Vice President
Above 90th percentile
$248k
$264k
Base
$192k
Bonus
Other
$3k
Benefits
$36k
CFO
75th to 90th percentile
$243k
$259k
Base
$220k
Bonus
Other
$3k
Benefits
$2k
Vice President of Collective Impact and Giving
Board Vice President
75th to 90th percentile
$233k
$248k
Base
$201k
Bonus
Other
$3k
Benefits
$12k
Vice President of Technology and Enterprise Risk M
Board Vice President
75th to 90th percentile
$211k
$225k
Base
$193k
Bonus
Other
$3k
Benefits
$111
Chief of Staff to President and CEO
75th to 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Minnesota
$199k
$213k
Base
$170k
Bonus
Other
$3k
Benefits
$12k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 35 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE MINNEAPOLIS FOUNDATION equaled 0.3% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
0.3%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 7%
from 2023

From $515k in 2023 to $477k in 2024.

$515k
2023
$477k
2024
In today's dollarsEst.
Down 10% in real terms$563k to $509k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 7% from 2023 to 2024, while revenue rose 31%.

$515k in 2023 to $477k in 2024.
  • Senior Vice President pay fell 4% from 2023 to 2024.
  • Chief Development Officer pay fell 9% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE MINNEAPOLIS FOUNDATION

What does the Chief Executive Officer of THE MINNEAPOLIS FOUNDATION earn?

In 2024, the Chief Executive Officer of THE MINNEAPOLIS FOUNDATION received $477,199 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE MINNEAPOLIS FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, the 2024 pay of the Chief Executive Officer at THE MINNEAPOLIS FOUNDATION falls in the top 10%. In 2024, the highest total compensation at THE MINNEAPOLIS FOUNDATION equaled 0.3% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE MINNEAPOLIS FOUNDATION's revenue and expenses?

In 2024, THE MINNEAPOLIS FOUNDATION reported $193M in total revenue and $152.4M in total expenses on its IRS Form 990.

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