2014 ANNUAL REPORT

Water Works — a RiverFirst signature project ®SCAPE FROM THE DIRECTORS

August 2015

Dear Friends of the Minneapolis Parks Foundation, Tom Evers We are fortunate to live in a city that is unique in its system of parks. From one generation to the next, parks have been integral to our community’s quality of life. Whether you run or bike trails, paddle in lakes and streams, romp in pools and playgrounds, explore quiet places of regional parks, or commute along a parkway – the park system is part of your experience Sue Bennett in Minneapolis. In 2014, Minneapolis saw a 21st century renaissance in parks design and development. Community and civic leaders launched several high-profile park projects in conjunction with significant commercial and residential development, especially in the downtown area. Staff at Longfellow House As these new projects got underway, the Minneapolis Parks Foundation completed an exciting design for Water Works – an expansion of Mill Ruins Park overlooking St. Anthony Falls and the Stone Arch Bridge. We 2014 Board of Directors As of December 31, 2014 honed the Water Works concept over 18 months, in collaboration with the Minneapolis Park and Recreation Board, and with invaluable community Stuart Ackerberg Shawntera Hardy CEO, The Ackerberg Group Deputy Chief of Staff, input. The result is a vision for an amazing visitor experience – an urban State of Minnesota Mark Addicks waterfront destination resonant with history. Chief Marketing Officer, Sarah Harris, General Mills Secretary/Treasurer Water Works is one of three RiverFirst signature projects that the Parks Managing Director, University Daniel Avchen, Chair of Minnesota Foundation – Foundation is actively helping to realize, along with Hall’s Island and the Executive Director – Real Estate Advisors Strategic Growth, HGA 26th Avenue North Overlook. We are forging a creative public-private Architects and Engineers Liz Hawn* partnership with the Minneapolis Park and Recreation Board to implement Community Leader Sue Bennett, Vice Chair the RiverFirst vision and ensure that future Upper Riverfront parks and Community Leader Wendy Holmes Senior Vice President, Artspace trails are a catalyst for renewed economic and cultural health for North Dorothy Bridges and Northeast Minneapolis. Senior Vice President, Federal Mary McCarthy Reserve Bank of Minneapolis Community Leader

As the leading voice for the Next Generation of Parks, the Parks Robert Bruininks Tom Paul Foundation has a dual focus on innovation and equity. Going forward, President Emeritus, Chief Consumer Officer, University of Minnesota UnitedHealthcare our work encompasses the whole Minneapolis parks system, in addition to the riverfront. We are dedicated to bringing needed attention and Ryan Burnet Thomas Pohlad Partner, Burnet & Birkeland General Manager, philanthropic investment to places that represent our highest ambitions for Real Estate Group, and Vice Carousel Motor Group President, Burnet Hospitality a vital community. To meet this demand, we augmented our expertise in Connie Remele John Crosby Community Leader project management, fundraising, and executive leadership, notably with Community Leader the October addition of Tom Evers as Executive Director. Paul Reyelts Caren Dewar Retired CFO, Valspar Corp. Executive Director, Urban Land Our entire Board of Directors remains committed to building on Institute Minnesota R.T. Rybak* Minneapolis’ rich legacy of parks and working with a breadth of partners Executive Director, Andre Fischer Generation Next to create new opportunities for improving our park system. All of this work President, BPM Show TV, LLC would not be possible without donors like you. Tene Wells Tom Fisher Principal, Tene Wells Consulting Dean, University of Minnesota – Thank you for joining us in this effort and for your support in 2014. College of Design Frank Wilkinson* Community Leader We have a lot to accomplish and we look forward to the opportunity Joseph Gibbons Senior Vice President, Boyd, to do it together. Bencini, Gibbons & Associates * Joined board in 2015 – Merrill Lynch Global Sincerely, Wealth Management

Ex Officio Board Members

Tom Evers Sue Bennett Liz Wielinski Jayne Miller Executive Director 2015 Chair of the Board President, Superintendent, Minneapolis Park & Recreation Minneapolis Park & Board of Commissioners Recreation Board RIVERFIRST: A CAMPAIGN FOR THE NEXT GENERATION OF PARKS

RiverFirst will spark an urban park renaissance on the Mississippi Riverfront from St. Anthony Falls to the northern city limits. The Minneapolis Parks Foundation is partnering with the Minneapolis Park and Recreation Board on this visionary initiative adopted by the Park Board in 2012. Through RiverFirst, our generation establishes a continuous and robust public riverfront for future generations – truly addressing inequality in our system. This 26th Avenue North Overlook ®TLS parkland expansion continues the vision of the city’s early leaders who conceived and created the celebrated Minneapolis Grand RiverFirst Signature Projects Rounds we enjoy today. Signature Projects RiverFirst’s Signature Projects integrate natural environment, economic Upper Harbor development, active living, recreation, Terminal and regional competitiveness:

■ 26th Avenue North Overlook Transformation of a dead-end at the Mississippi River to an activated Riverfront Trails overlook and trail junction links the new 26th Avenue Greenway to downtown.

■ Scherer Site & Hall’s Island Restoration of a river island creates a protected cove and gives Northeast 26th Avenue North Overlook Minneapolis recreational access to the river and its first beach.

■ Upper Harbor Terminal Transformation of the barging terminal to a combination of redevelopment and parkland. The City and Park Board are Scherer Site & Hall’s Island currently developing the strategy for these 48 acres and more than a mile of riverfront.

■ Upper Riverfront Trail Network Completes linked biking and walking trails along 19 miles of Mississippi Riverfront and connects North and Northeast Minneapolis with a world- class regional and national network.

Water Works Park ■ Water Works An unparalleled cultural and recreational experience on the downtown riverfront. Water Works is a place to arrive, celebrate and honor St. Anthony Falls and the iconic Stone Arch Bridge, which already see nearly 2.5 million visits annually. THE LAKE CREATURE Call Me Minne All About _[ (that’s me!) ■ My real name is _[. I was created by Cameron Gainer, a visual and installation artist. ■ I debuted as an Art in the Park project in Brooklyn, NY, where I was installed in the Salt Marsh Nature Preserve. (Yum!) ■ I first came to Minneapolis in 2009, on loan to the Minneapolis Parks Foundation from Gainer. ■ My “forever family” – the Parks Foundation – embraced me in 2010. ■ In 2010, my friends and fans chose my nickname, “Minne, the Lake Creature.” Minne means water in Dakota. I love it! ■ I’m made of fiberglass and aluminum and a wee bit of whimsy. ■ I’m a graceful 13' tall. I’m also 6' wide and 11' long. Just right for a lake creature!

Preferred Habitat ■ Minneapolis has 17 lakes and ponds, but only nine have my kind of habitat. I consider things like depth, current, and type of lakebed when choosing possible lake homes. ■ From 2009 to 2011, I visited as many as four lakes in a season. Whew! ■ Since 2012, I make one lake my summer-long home, because of environmental factors and relocation costs.

Wirth Lake My Visits to 2012 Minneapolis 35W Lakes

Summer 2011 Extracurricular Activities

Brownie ■ I have my own social media presence Lake with thousands of fans on Facebook Fall 2009, Fall 2011 Lake and Twitter. Connect with me of the Isles @LakeCreature. W Lake St E Lake St

Spring 2010, 2014 ■ I’m surprisingly well traveled. In addition to New York, Florida, and of Lake Calhoun 2015 Powderhorn course Minnesota, I was a highlight of a winter-long art exhibition at Brigham Young University in Utah in 2013 – 14. Summer 2009, Summer 2010

Lake Hiawatha

Lake Fall 2010, Summer 2011 Harriet Bring Minne Home! Contact MPF to bring home a 35W Summer 2010 limited edition 22" x 30"

Lake photogravure print of Minne. Nokomis Grand Rounds Printed by Manhattan-based 2013 the Lagoon Christopher Creyts, Master Printer of Block and Copper, from Cameron Gainer’s original artwork. CONTRIBUTORS

Marcia Townley Kimberly Ferguson Horace Cleveland Circle Ted Tucker Andre Fischer* Recognizing the significant contribution of donors who have Jason Usher Tom Fisher and Claudia Wielgorecki Mary Vaughan Kathleen Fluegel made cumulative gifts of $50,000 or more. Robert and Julie White Ian Friendly Sue Bennett Paul and Mary Reyelts Brad Fuller and Libby Lincoln Julia Dayton Angus and Margaret Wurtele $1 – $499 Susan Gerstner Gigi’s Café Anonymous (10) Elizabeth Redleaf Terri Gold Martha Abbott Michael and Barbara Goldner David Abel and Lora Pyka Timothy Goodman Next Generation Circle Above the Falls Sports* Peter and Mary Gove Ron and Gloria Abrahamson Recognizing generous donors who have made a three-year Jack and Susan Graber Steve and Erin Adams Tim Grady and Catherine Allan comittment of $30,000 or more. AmazonSmile Foundation Robert and Susan Greenberg Ameriprise Financial Mark Addicks and Thomas Hoch Shawntera Hardy – Corporate Match John and Diane Herman Sue and David Bennett Family Fund Michael and Margaret Anderson Richard and Carrie Higgins of The Minneapolis Foundation Becky Anderson and Richard Baker Karen Hoistad Mark and Connie Andrew David Dayton Douglas and Kerry Hoverson Frederick and Cathy Asher Jake Hurwitz and Doreen Frankel Paul and Mary Reyelts Foundation Thomas Bailey IBM Employee Charitable Walter and Virginia Bailey Contributions Barry and Sandra Baines Gregory Janis $75,000 + $1,000 – $2,499 Gary Baker Tommy Johns and Barbette* The McKnight Foundation Anonymous Julie Gillette Johns Carol Bechtel Paul and Mary Reyelts Foundation* Barrio Tequilla Bar* Donielle Johnson Nancy Belbas John and Claire Butler Kyle Johnson Mitchell Bender and Priscilla Chester $50,000 – $74,999 The Curtis L. Carlson Donald and Phyllis Kahn David Benditt and Family Foundation James and Joellen Kaster General Mills Foundation Mary Ann Goldstein Dan Chowen and Mary Daschner Kurt Kelsey and Mary Lynch The Pentair Foundation Kathleen Bennett John and Page Cowles Tim Kennedy Barry Berg Cecily Hines and Tom Pettus Steve King and Susan Boren $20,000 – $49,999 Best Buy Co., Inc. – Corporate Match Mike and Debra Hogenson Jane Korn and Robert Madoff Julia Dayton Michael Bing and Penelope Hunt Starla Krause* The Minneapolis Foundation Katherine Grumstrup Jean and Craig Jentz Hart and Susie Kuller St. Anthony Falls Heritage Board Peg Birk Al and Kathy Lenzmeier Carol Lansing Eloise and Carl Pohlad Family Fund Thomas and Maggie Borman Richard and Diane Madlon-Kay Libby Larsen Will and Margaret Bracken Pierce and Debbie McNally Craig and Kathy Larsen Edna Brazaitis $10,000 – $19,999 The Minneapolis Foundation Lee Larson Bread and Pickle Anonymous – Donor Advised Janette and Hans Law Lawrence and Elizabeth Brown Sue and David Bennett Family Fund Co-Investment Fund Lil Leatham Philip and Carolyn Brunelle of The Minneapolis Foundation* Prospect Creek Foundation Peter and Jane Lefferts Bryant-Lake Bowl Arthur T. Erickson John and Rickie Ressler Dana Lehigh Bryan and Mary Carlson Charitable Foundation Dave and Claire Ruebeck Carol Lindborg George and JoAn Carlson George Family Foundation Susan Sanborn Jean Lindholm Gordon and Helen Carlson Carl & Eloise Pohlad Thomas and Pat Sugrue Henry and Ginny Llop Thomas and Anne Carrier Family Foundation Kenneth Talle Jeffrey Loesche and Hyun Cho Lew and Connie Remele Joanne Von Blon Kathleen O’Brien Mark Chowen and Adele Stock David Willis Michael Love and Jeanine Kelley Steve Christenson and Lisa Hondros Mark and Nancy Wilson Louise Nemmers Mageli $5,000 – $9,999 Lisa Chubb David Mahoney and Lisa Whitehill William and Janice Dircks Barry Clegg and Roberta Swanson $500 – $999 Joe Marnell Rolf and Nancy Engh David and Wendy Coggins Austin Mason Jule and Betsy Hannaford Anonymous James and Heidi Coplin Ronald Matross Van and Liz Hawn Jan and Ellen Breyer Spencer Cronk Timothy and Patricia Mauren Mary McCarthy and Brian Zelickson* Dorothy Bridges Neal Cross Susan McLeod Minneapolis Park and Bruce and Ann Christensen Todd and Karen Dalebroux John and Jane McNaughton Recreation Board* John and Laura Crosby Bill and Charlotte Davnie James McRae Puzak Family Toby and Mae Dayton Edward and Sherry Ann Dayton Medtronic Foundation Grant Program Vanessa Dayton Cy and Paula DeCosse Thomas Meyer and Martha Von Blon $2,500 – $4,999 Charles Denny Mary deLaittre Geoff Michael Caren Dewar and Todd Otis Robert and Jane DeMay Stuart and Romy Ackerberg Mickey Mikeworth Steve Euller and Nancy Roehr Michael and Michelle DeVaughn Michael D. and Susan H. Arneson Steven Miles and Joline Gitis The Faribault Woolen Mills Company* Lexie DeVries Family Foundation Mill City Museum* Charles and Anne Ferrell Jane Dietl Dan Avchen and David Johnson Jayne Miller Kimberly Ford John Dietrich and Elizabeth Ryan Craig Bentdahl Pamela Miller Margaret and David Ford Marie Doering Robert Bruininks and Robert and Lucy Mitchell Meg Forney and Jon Fagerson Jennifer Downham and Susan Hagstrom Andrew Mueller Cynthia Froid Andrew Williams Joseph Gibbons and John Cullen Chouhei and Bill Mullin Mark Heithoff and Meredith Ross Josh and Ann Downham Hunt Greene and Jane Piccard John and Diana Munger Wendy Holmes and David Frank Richard and Joan Downham Hand Made Events, LLC Lee and Kevina Munnich Sam and Sylvia Kaplan Andrew Dwyer Sarah Harris and David Holmgren Scott and Mary Neiman Martin and Judy Kuretsky Karla Ekdahl and Peter Hutchinson HGA Architects and Engineers Russ and Nancy Nelson Lawrence Levine Helga Emrich Horst M. Rechelbacher Wendy Nelson David and Peggy Lucas Kenneth and Carol Engelhart Revocable Trust* Gary Nichols David and Leni Moore Natalie Enzmann Sheila Morgan Richard and Joan Niemiec Roberta Patrow Wendy Ericson Thomas and Lindsay Pohlad Steven Nyman Jeff and Christine Phillips Tom Evers and Erin Sugrue Stone Pier Foundation Deanna Olson James and Van Sanders Charles and Peggy Fagerhaugh Frank and Frances Wilkinson Julia and Brian Palmer Bradley and Peggy Schafer Kathleen Farley Pat’s Tap Brian Thyr and Danita Carlson John Farrell Scott and Kristi Pearson James and Diane Steinhagen Tina Ham Peterson John and Marcia Stout Memorial and Honorary Gifts Tracy Peterson Jerome Sturgeleski Anonymous in honor of Lee and Kevina Munnich in honor of Karen Pfarr Linda and John Sumner Tim and Cynthia Wheeler Joe and Annalise Munnich Felix and Ann Phillips Leslie and Carolyn Svendsen Frederick and Cathy Asher Jean Sazevich in celebration of Julieann Swanson Kolean Pitner and Richard Wilson in honor of Dan Avchen Nancy and Kevin’s marriage Edward and Peggy Pluimer Albert Swintek Nancy Belbas in honor of Julie Walter in honor of Thomas and Mary Racciatti Robert and Anita Tabb Mary and Barbara deLaittre Dave and Kara Walter David and Martha Raymond Keith Thorkelson Red Stag Supper Club Grant Thrall Hyun Cho in memory of Enjey Cho David Willis in honor of Sarah Renner Dave Tinjum and Kim Eslinger Kathleen Fluegel in honor of our Abbott Avenue neighbors Carolyn Roby Tiny Diner Wendy Holmes Cole Rogers and Carla McGrath Betty Tisel and Sarah Farley Van and Liz Hawn in honor of Charlene Roise Travelers Corporate Match Account Paul and Mary Reyelts George and Karen Rosar Albert and Parker Trostel Alexander Rothman Paul and Judy Trump Michael Russell Katharine Tyler Patricia Ryan U.S. Bank Foundation Denis Ryono and Laurine Speltz – Matching Gift Program Carol Saarela Keith and Amy Van Note Lawrence Salzman David and Lynn Vander Haar Jean Sazevich Jill Vecoli Brenda Schaeffer Robert Vegemast William Schlichting Douglas and Nancy Verdier Bryan Schmidt Richard and Kyla Wahlstrom Mark Schmidt and Susan Reid Walker Art Center* James Schoettler Julie Walter Robert and Barbara Scott Nancy and David Warner Sea Change Restaurant & Bar* Lori Wellman Tim and Abbey Showalter-Loch John West Thomas and Kathryn Skalitzky Andrew and Liz Wielinski Colleen Smith Deborah Wink Susan Smoluchowski Aaron and Erika Zabler Mark and Kristi Specker Julian Zebot and Rebecca Major We support the whole park system, Matthew Spector and Lisa Vincent David and Leone Zwickey for this generation and the next. * Includes in-kind gift contributions

STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS

For the Years Ended December 31, 2014 and 2013

2014 2013 Temporarily Temporarily Unrestricted Restricted Total Unrestricted Restricted Total Support and Revenue Contributions $379,216 $413,029 $792,245 $233,150 $235,146 $468,296 Government Grants 891 — 891 124,195 — 124,195 Special Event Income (Net of Expenses of $13,727 in 2014 and $7,588 in 2013) 24,790 — 24,790 — — — Miscellaneous Income 35 4 39 572 12 584 Net Assets Released from Restrictions: Satisfaction of Program Restrictions 193,721 (193,721) — 263,013 (263,013) — Satisfaction of Time Restrictions 69,100 (69,100) — 10,000 (10,000) — Total Support and Revenue 667,753 150,212 817,965 630,930 (37,855) 593,075

Expense Program Services 408,389 — 408,389 442,921 — 442,921 Support Services: Management and General 81,260 — 81,260 69,648 — 69,648 Fundraising 75,099 — 75,099 89,046 — 89,046 Total Support Services 156,359 — 156,359 158,694 — 158,694 Total Expense 564,748 — 564,748 601,615 — 601,615

Change in Net Assets 103,005 150,212 253,217 29,315 (37,855) (8,540)

Net Assets – Beginning of Year 235,695 194,705 430,400 206,380 232,560 438,940

Net Assets – End of Year $338,700 $344,917 $683,617 $235,695 $194,705 $430,400