ANNUAL REPORT 2012 Consolidated Statement of Activities As of March, 2012 and 2011 Temporarily Permanently 2012 2011 Unrestricted Restriced Restricted Total Total REVENUES, GAINS AND OTHER SUPPORT Total Amount Raised $ 37,396,820 $ 1,805,820 $ 0 $ 39,202,640 $ 51,307,178 Less: Amounts Received for Benefits of Others 718,419 0 0 718,41 264,047 Contributions 36,678,40 1 1,805,820 0 38,484,221 51,043,131 Total Investment Income, Net 5,997,324 739,191 0 6,736,515 59,807,161 Less: Investment Income from Charitable Funds Held for Benefit of Others 118,380 0 0 118,380 1,783,886 Investment Income, Net 5,878,944 739,191 0 6,618,135 58,023,275 Change in Value of Trusts (11,142) 180,320 (653,633) (484,455) 3,746,430 Administrative Service Revenue from Agency Funds 105,927 0 0 105,927 180,060 Note Receivable Interest and Other Income 3,283,075 0 0 3,283,075 3,076,130 Net Assets Released from Restrictions 5,982,176 (5,982,176) 0 0 0 Total Revenues, Gains and Other Support 51,917,381 (3,256,845) (653,633) 48,006,903 116,069,026 EXPENSES Program Services: Total Grants $ 42,723,917 $ 0 $ 0 $ 42,723,917 $ 45,193,056 Less: Grants Made for Benefit of Charitable Funds Held 1,593,476 0 0 1,593,476 2,117,433 Grants 41,130,441 0 0 41,130,441 43,075,600 Program Service Expense 6,023,561 0 0 6,023,561 5,284,654 Support Services: Management and General Administrative Expense 3,025,939 0 0 3,025,939 2,545,147 Fund Raising 885,274 0 0 885,274 1,113,404 Total Expenses 51,065,215 0 0 51,065,215 52,018,828 CHANGE IN NET ASSETS 852,166 (3,256,845) (653,633) (3,058,312) 64,050,198 Less: Gains (Losses) on Noncontrolling Interests, Net (298,680) 0 0 (298,680) 2,580,810 Change in Net Assets After Adjustments 1,150,846 (3,256,845) (653,633) (2,759,632) 61,469,388 Net Assets - Beginning of Year $ 429,012,375 $ 89,927,481 $ 35,369,559 $ 554,309,415 $ 492,840,027 Beginning Noncontrolling Interests (Note 14) 18,921,915 0 0 18,921,915 16,181,868 Add: Net Partners Contributions (Withdrawals) (6,949,728) 0 0 (6,949,728) 159,237 Add: Gains (Losses) on Noncontrolling Interests, Net (298,680) 0 0 (298,680) 2,580,810 Total Noncontrolling Interests 1,673,507 0 0 11,673,507 18,921,915 NET ASSETS - END OF YEAR $ 441,836,728 $ 86,670,636 $ 34,715,926 $ 563,223,290 $ 573,231,330 The Minneapolis Foundation | 2012 Annual Report Consolidated Statement of Financial Position As of March, 2012 and 2011 2012 2011 ASSETS Cash and Cash Equivalents $ 6,224,508 $ 18,324,461 Interest and Dividends Receivable 1,058,565 1,032,814 Accounts Receivable 70,903 123,315 Prepaids 18,751 13,917 Investments 484,205,630 484,561,695 Investments Loaned to Broker 8,181,796 10,161,673 Investment Collateral 5,171,649 7,305,690 Other Assets 535,225 464,658 Loans Receivable, Net 11,208,044 9,074,184 Notes Receivable 48,000,000 48,000,000 Beneficial Interest in Trusts 44,625,836 45,861,663 Furniture, Fixtures, Equipment, and Leasehold Improvements (Less Accumulated Depreciation of $2,826,605 and $2,695,544 as of March 31, 2012 and 2011, Respectively) 483,932 475,497 Total Assets $ 609,784,839 $ 625,399,567 LIABILITIES AND NET ASSETS Liabilities: Accounts Payable and Accrued Liabilities $ 1,039,139 $ 1,010,354 Grants Payable 2,412,563 4,156,530 Notes Payable 8,425,839 9,367,681 Deferred Lease Credits 262,185 336,284 Amounts Due Beneficiaries 9,929,393 10,076,886 Charitable Funds Held for the Benefit of Others 16,018,364 16,630,134 Payable Under Investment Loan Agreement 8,474,066 10,590,368 Total Liabilities 46,561,549 52,168,237 Net Assets: Unrestricted: Undesignated 430,163,221 429,012,375 Noncontrolling Interests 11,673,507 18,921,915 Total Unrestricted 441,836,728 447,934,290 Temporarily Restricted 86,670,636 89,927,481 Permanently Restricted 34,715,926 35,369,559 Total Net Assets 563,223,290 573,231,330 Total Liabilities and Net Assets $ 609,784,839 $ 625,399,567 The Minneapolis Foundation | 2012 Annual Report Assets by Fund Type 23.3% Community Action Fund Total 10.2% Designated - Agency Total 41.9% Donor Advised Fund Total 5.5% Field of Interest Fund Total Assets by Fund Type 2.0% Investment Account Total 1.4% Scholarship - Designated Total 1.0% Specific Purpose - External Total 7. 2% Supporting Organizations Total 7.6% Trusts Funds of the Minneapolis Foundation SUPPORTING ORGANIZATIONS Cub Cares Community Fund Alex Sterling Memorial Fund * Supporting organizations are separately Dye Family Foundation Craig J. Alexander Fund incorporated funds, with their own board Edward R. Bazinet Charitable Foundation Allen Family Charitable Fund of directions and distinct mission and Elftmann Family Foundation Bob and Nancy Anderson Family Fund purpose. The Minneapolis Foundation Eloise and Carl Pohlad Family Fund Eric L. Anderson Fund provides administrative investment and/or Glenn W. Hasse Foundation Margaret D. Anderson Fund grantmaking support to these organizations. Goodale Family Foundation Roger and Judy Anderson Fund Nonprofits Assistance Fund Knopf Family Foundation Rolland R. and Charlotte A. Anderson Fund Robins, Kaplan, Miller & Ciresi Foundation Lindquist & Vennum Foundation Tim and Sue Anderson Family Fund for Children Margaret and Angus Wurtele Family Foundation Janet V. Andrews and Robert R. Andrews Fund Owen Family Foundation Ankeny Family Fund Paul and Mary Reyelts Foundation Anonymous Giving Fund SIGNATURE FUNDS Ritz Family Foundation Arbeiter Family Fund Rogue Foundation Yvonne Ardiley Fund Established by individuals, families, Arneson Family Fund or corporations as an alternative to Annette Atkins and Tom Joyce Fund a private foundation. Funds retain a Augustine Family Fund minimum fund balance of $1 million. DONOR ADVISED FUNDS Dale L. and Ruth G. Bachman Fund Albrecht Family Foundation Donors recommend grants to organizations L. W. Bachman Acorn Fund Austin Mutual Insurance Company Foundation of their choice. Funds range in size from Paul G. and Barbara A. Bachman Family Fund Bayhurst Foundation $10,000 to more than $40 million. Stanley F. and Georgia M. Bachman Fund Bergren Family Foundation Aaron Fund for Special Needs Children Todd L. and Barbara K. Bachman Family Fund Bernard and Fern Badzin Foundation African American Economic Development Fund Walt and Elizabeth Bachman Fund Cannon Family Foundation African American Men Project Fund Bruce and Kaye Aho Family Fund Baci Fund/Rachael Scherer and Stephen Imholte The Minneapolis Foundation | 2012 Annual Report Funds of the Minneapolis Foundation Hope Hamrin Bailey Fund Alan Braun Fund Cooper Schneier Fund Lisa Bailey and Scott Anderson Fund J. S. and Priscilla W. Braun Family Fund Cornwell Family Fund Carole and Doug Baker Fund Thomas Braun Fund Fritz and Glenda Corrigan Fund Julie M. and Douglas M. Baker, Jr. Fund Breyer Family Fund Julie Corty Family Fund Baltins Family Fund Brody Family Fund Cox Family Fund Barbara Bartlett Fund Bromelkamp Family Fund Crawford-Stenson Family Fund Katherine M. and John C. Barzen Family Fund Conley and Marney Brooks Fund Creekridge Capital Fund * Tim and Vicki Barzen Family Fund Edward and Markell C. Brooks Family Fund Laurie and William Criego Family Fund Edward R. Bazinet Fund Larry Brown Youth Education Corporation Fund John and Bonnie Crouch Fund Lee and Barbara D. Bearmon Family Charitable J. Peter Brull Fund Ted and Carol Cushmore Family Fund Fund Dan Buettner Family Fund * James D’Aquila Family Fund Bernie and Patricia Beaver Family Fund Tyrone and Delia Bujold Fund Diana Davies Family Fund Lois and Ron Behm Fund Dennis Buratti Charitable Fund John and Ida Davies Fund Carol and Judson Bemis, Jr. Fund John and Nancy Burbidge Fund Wanda Davies Family Fund Patricia and Gardner Bemis Fund Burdick Family Fund * Morris and Beatrice Davis Family Fund Elisabeth R. Bennett Family Fund * Shyla Nye Burditt Memorial Fund Paulette Hoaglund De Vos Memorial Fund Sue and David Bennett Family Fund Greg and Colleen Byrne Family Fund Cy and Paula DeCosse Fund Benson Family Fund Susan Calmenson Fund Thomas L. Dekko and Dorothie Alm Dekko Fund Christopher Benz Memorial Fund Campbell Family Fund Jack and Claire Dempsey Fund Berestka Family Charitable Fund Carol Brandenburg Family Fund * Charles M. Denny, Jr. and Carol E. Denny Fund Dan Berg and Welcome Jerde Fund Leslie and Judd Carpenter Fund Dave and Jodi Dent Family Fund Julia Berg Memorial Fund Louann and Scott Carpenter Fund Design for Living Fund John and Ruth Bergerson Family Fund Susana and Matthew Carpenter Fund Digital Inclusion Fund Elizabeth and Harley Bergren Fund Darlene J. and Richard P. Carroll Family Fund Djupedal Family Fund Larry and Ann Berle Fund Richard P. Carroll Fund James A. and Marilyn R. Dodge Fund Bill Bernier/Bloomington Noon Lions Fund Robert and Diana Carter Family Fund Henry Doerr Memorial Fund Shirley and Marshall Besikof Family Fund Beverly Caruso and Steven Case Fund Dolan Charitable Fund * William Beson Fund Lynn Casey and Michael Thornton Fund Dolan Family Fund Brian and Diana Beutner Family Fund Heidi Wurtele Castelein Fund Marianne T. Donovan Scholarship Fund Bill Veazey Youth Development Fund Jeffrey J. Cavanaugh Fund Doudiet Family Fund J. Billman Family Fund Rachelle Dockman Chase and John H. Feldman Art Downey Scholarship Fund E. Thomas Binger and Rebecca Rand Fund Family Fund William N. and Judith R. Driscoll Fund for the Blackfoot Pass Fund Cherish the Children Fund Arts * Jane Robertson Blanch Fund Chinese Heritage Foundation Fund David L.