2007 Audited Financial Statements

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2006 Audited Financial Statements

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2005 Audited Financial Statements

Download the 2005 Audited Financial Statements (PDF) Summary of Contributions Total contributions received: 4,332 Total dollars contributed: $42,878,870* Summary of Grants Total grants authorized: 1,242 Total dollars granted: $5,431,870** Summary of Assets $152,085,306 Summary of Funds Community Funds = 34 Donor Advised Funds = 254 Designated Funds = 192 Scholarship Funds = 6 Field of Interest Funds = 24 Unrestricted Funds = 4 Administrative Fund = 1 Testamentary or Future Funds = 41 Total Funds = 556 * Excludes contributions to Not for Profit Funds (NFP) and interfund and interfoundation contributions ** Excludes grants to NFP Funds and interfund and interfoundation grants

Report on Investments:

Minnesota Community Foundation and The Saint Paul Foundation have formed an investment partnership, the Community Investment Group (CIG), to obtain unified professional management of their investments. The primary objective is to preserve the purchasing power of these assets while conducting an ongoing grantmaking program that delivers resources to meet the charitable needs of the community. The Foundation's Investment Committee is responsible for establishing the investment policy, developing the investment strategy, and continually monitoring investment performance. The Foundation's asset allocation strategy is to invest 42 percent in domestic stocks, 15 percent in international stocks, 25 percent in fixed income securities and 18 percent in alternative investments. Summarized here is the Community Investment Group's asset allocation and investment performance as of December 31, 2005. The Foundation's auditor, KPMG LLP, has issued an unqualified opinion on the Foundation's financial statements for the year ended December 31, 2005. Click on link below to access.