| ANALYSIS OF REVENUE AND EXPENSES |
FORM 990PF, PAGE 1, PART I |
MARGARET A. CARGILL FOUNDATION AND ANNE RAY FOUNDATION SHARE OPERATIONS IN PURSUIT OF THEIR SHARED VISION IN ORDER TO MAXIMIZE ASSETS AVAILABLE FOR CHARITABLE GRANTMAKING. FOR CLARITY, THE REVENUE AND EXPENSES REPORTED IN PART I ARE THE REVENUE AND EXPENSES OF THE REPORTING ENTITY ONLY, MARGARET A. CARGILL FOUNDATION. OTHER SECTIONS OF THE FORM 990-PF, INCLUDING COMPENSATION DISCLOSURES, INCLUDE AMOUNTS FOR MARGARET A. CARGILL FOUNDATION AND ANNE RAY FOUNDATION, AS REQUIRED. THE AMOUNT TRANSFERRED FROM ANNE RAY FOUNDATION TO MARGARET A. CARGILL FOUNDATION FOR THE SHARED COSTS IS REPORTED AT STATEMENT 16. |
| CONTINUATION OF STATEMENT 21 |
FORM 990PF, PART VII-B, LINE 5C |
IN ADDITION TO THE EXPENDITURE RESPONSIBILITY INFORMATION PROVIDED IN CONTINUATION STATEMENT 21, THE FOLLOWING ADDITIONAL INFORMATION IS PROVIDED REGARDING CERTAIN EXPENDITURE RESPONSIBILITY GRANTS:PEW CHARITABLE TRUSTS - GRANT ID: 3465 AMOUNT OF GRANT RE-GRANTED: $450,000AMOUNT OF RE-GRANT SPENT: $262,258CLIMATEWORKS FOUNDATION - GRANT ID: 3001AMOUNT OF GRANT RE-GRANTED: $7,750,363AMOUNT OF RE-GRANT SPENT: $3,811,072CENTER FOR DISASTER PHILANTHROPY INC. - GRANT ID: 3299AMOUNT OF GRANT RE-GRANTED: $1,635,000AMOUNT OF RE-GRANT SPENT: $1,635,000NORTHLAND FOUNDATION - GRANT ID: 3684AMOUNT OF GRANT RE-GRANTED: $1,635,000AMOUNT OF RE-GRANT SPENT: $1,635,000NATIVE ARTS & CULTURES FOUNDATION - GRANT ID: 3419AMOUNT OF GRANT RE-GRANTED: $540,000AMOUNT OF RE-GRANT SPENT: $540,000 |
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FORM 990-PF, PART VIII, LINE 1 AND LINE 2 |
PART VIII, LINE 1 AND LINE 2; LIST OF OFFICERS, DIRECTORS, TRUSTEES AND FOUNDATION MANAGERS AND HIGHEST-PAID EMPLOYEES:EMPLOYEE COMPENSATION REPORTED ON PART VIII LINE 1 AND LINE 2 IS FOR SERVICES PERFORMED FOR THE FILING ORGANIZATION (MACF) AND ANNE RAY FOUNDATION (ARF). EACH OF THE REPORTED INDIVIDUALS ARE EMPLOYED BY MACF AND PROVIDE SERVICES TO BOTH MACF AND ARF, A RELATED ENTITY, UNDER A SHARED SERVICES AGREEMENT. AMOUNTS REPORTED IN COLUMN (E) (EXPENSE ACCOUNT, OTHER ALLOWANCES) ARE NON-TAXABLE BENEFITS.EMPLOYEE COMPENSATION INCLUDES AMOUNTS REPORTED AS TAXABLE COMPENSATION IN THE CURRENT YEAR AS WELL AS DEFERRED COMPENSATION. WHEN APPLICABLE, CURRENT YEAR TAXABLE COMPENSATION FOR ALL STAFF INCLUDES THE AMOUNT VESTED IN THE CURRENT YEAR WHICH WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION ON A PRIOR FORM 990-PF, RESULTING IN DOUBLE COUNTING OVER TIME. |
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FORM 990PF, PART VII-B, LINE 1A(2) AND LINE 1A(4) |
FORM 990PF, PART VII-B, LINE 1A(2)MARGARET A. CARGILL FOUNDATION HELD DEPOSITS FROM DISQUALIFIED PERSONS. NO INTEREST IS PAID ON THESE DEPOSITS.FORM 990PF, PART VII-B, LINE 1A(4)MARGARET A. CARGILL FOUNDATION AND ANNE RAY FOUNDATION SHARE OPERATIONS IN PURSUIT OF THEIR SHARED VISION IN ORDER TO MAXIMIZE ASSETS AVAILABLE FOR CHARITABLE GRANTMAKING. AS PART OF THE SHARED OPERATIONS, ALL STAFF LISTED IN PART VIII, INCLUDING OFFICERS AND FOUNDATION MANAGERS, ARE EMPLOYEES OF MARGARET A. CARGILL FOUNDATION. MARGARET A. CARGILL FOUNDATION PAYS DISQUALIFIED PERSONS REASONABLE COMPENSATION FOR SERVICES PROVIDED TO IT.MARGARET A. CARGILL FOUNDATION OBTAINS AN INDEPENDENT COMPENSATION CONSULTANT'S REPORT THAT DOCUMENTS THE REASONABLENESS OF COMPENSATION TO BE PAID TO FOUNDATION MANAGERS, DIRECTORS, AND CERTAIN OTHER EXECUTIVES. THE REPORT IS BASED ON PUBLISHED SURVEY DATA AS WELL AS FORM 990 DATA FOR COMPARABLE ORGANIZATIONS. THE REPORT IS PROVIDED TO THE FOUNDATION'S INDEPENDENT COMPENSATION COMMITTEE AND BOARD OF DIRECTORS. THE COMMITTEE AND BOARD REVIEW AND DISCUSS THE REPORT, INCLUDING THE DETERMINATION THAT COMPENSATION IS REASONABLE, BEFORE APPROVING COMPENSATION. |
| TRANSFERS TO CONTROLLED ENTITIES |
FORM 990PF, PART VII-A, LINE 11 |
NAME OF CONTROLLED ENTITY: ANNE RAY FOUNDATIONEMPLOYER ID NO: 47-1036008ADDRESS: 6889 ROWLAND ROAD, EDEN PRAIRIE, MN 55344DESCRIPTION OF TRANSFER: EXPENSE REIMBURSEMENT (SEE STATEMENT 22)AMOUNT OF TRANSFER: 19,301TOTAL AMOUNT OF TRANSFERS TO CONTROLLED ENTITIES: 19,301 |
| TRANSFERS FROM CONTROLLED ENTITIES |
FORM 990PF, PART VII-A, LINE 11 |
NAME OF CONTROLLED ENTITY: ANNE RAY FOUNDATIONEMPLOYER ID NO: 47-1036008ADDRESS: 6889 ROWLAND ROAD, EDEN PRAIRIE, MN 55344DESCRIPTION OF TRANSFER: EXPENSE REIMBURSEMENT (SEE STATEMENT 22)AMOUNT OF TRANSFER: 19,430,978TOTAL AMOUNT OF TRANSFERS FROM CONTROLLED ENTITIES: 19,430,978 |
| SCHEDULE OF CONTROLLED ENTITIES |
FORM 990PF, PART VII-A, LINE 11 |
NAME OF CONTROLLED ENTITY: ANNE RAY FOUNDATIONEMPLOYER ID NO: 47-1036008ADDRESS: 6889 ROWLAND ROAD, EDEN PRAIRIE, MN 55344EXCESS BUSINESS HOLDING: NO |