Margaret A. Cargill Philanthropies

Legal name: Anne Ray Foundation

Nonprofit profile at a glance

EIN
471036008
IRS 990 coverage
2020–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Eden Prairie, MN, United States
Phone
952.540.4050
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$153,086,190
Expenses
$172,815,860
Assets
$4,971,009,688
Liabilities
$138,129,679

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • HEATHER KUKLA (PRESIDENT)

Highest reported compensation

  • SHAWN WISCHMEIER (CHIEF INVESTMENT OFFICER): $3,015,559 total reported compensation
  • MICHAEL RUETZ (DEPUTY CIO/INVESTMENT DIR.): $1,727,311 total reported compensation
  • RODNEY OVERCASH (INVESTMENT DIRECTOR): $1,388,679 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

MACP supports efforts to enhance quality of life and prevent and relieve suffering of children, families, and older adults; preserve and promote the environment and the arts; and encourage the humane treatment of animals. We know that engaging, building trust, and making a difference relies on the collective wisdom and strength of many perspectives. Diverse perspectives are essential for advancing our mission and we welcome the opportunity to work with organizations who share a commitment to our donor’s vision of providing meaningful assistance and support to society, the arts, and the environment. We are proud to be an equal opportunity organization. All grant, contract, and investment decisions are made without regard to race, color, creed, religion, gender identity, sex, pregnancy, sexual orientation, age, national origin, marital status, familial status, citizenship, disability...

What it reported doing in 2024

See schedule oour grantmaking reflects our mission, values, and our donor's guiding principles.we support the work of our designated supported organizations in communities across seven program areas referred to as domains. The domains are: - animal welfare: we focus on the wellbeing of domestic animals and injured wild animals, and ways to increase empathy toward animals among children and adults.- arts & cultures: we help support folk arts, native american art, music, tactile art, and artistically significant crafts that foster human creativity.- disaster relief & recovery: we support work in natural disaster preparedness, relief, and recovery with emphasis on communities prone to low-attention disasters. - environment: we support the conservation of natural resources and protection of natural habitats. - legacy & opportunity: we provide funding for opportunities and geographies that were important to our donor, margaret cargill, and are aligned with our strategic priorities.- quality of life: we support children, young adults, families, and older adults throughout life's journey.- teachers & students: we support the teaching profession and student success.during 2024 anne ray foundation made grants to designated supported organizations for a variety of programs as detailed on schedule i, part ii. Grants reported at schedule i reflect cash grant payments during the year. Grant expense as reported on part ix of the form 990 reports expense under accrual basis accounting rules.

Operating model

Revenue model
Investment-supported. 62% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 76
  • Accountability: 100
  • Sustainability: 51
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.1%; rating input score 97
  • Program expense ratio: 87.1%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -12.9%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 28.76; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: -30.6% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 0.7% per year; rating input score 100; 9th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site
  • Where the money goes: 97.1% of revenue deployed · 87.1% of spending went to programs
  • Governance: 5 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $150.5M in reported program spending
  • Leadership: top reported pay $3M · 15 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $40.6M reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes foreign activity, grants, executive pay, and related organizations
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 112 filed money-flow records
  • Related organizations: 134 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.