Cargill Foundation

The Cargill Foundation is the private foundation of the major agriculture conglomerate Cargill. It makes grants to nonprofit organizations in Minneapolis and St. Paul, Minnesota, that offer education, food, and nutrition services to low-income children. 1 2

At-A-Glance

Formation:

1954

President:

Colleen May

Location: Minneapolis, MN View on map
Tax ID: 41-6020221
Most Recent Filing: 2024
Budget (2024): Assets: $307,345,903 Revenue: $579,378 Expenses: $10,167,858

Contents

    Cargill Foundation reports that 80 percent, or $10 million annually, of its grants serve low-income, ethnic minority children. 2 Several of its grantees that it lists as partner organizations provide programs and services exclusively for non-whites. 3 4

    Background

    Cargill Foundation is the private foundation of Cargill, an agriculture business that is listed by Forbes as the largest private company in America and that reported $177 billion in revenue in 2023. 5 The Foundation was founded in 1954 and makes grants to charitable nonprofit organizations in the Minneapolis-St. Paul, Minnesota, area. 1

    Cargill Foundation requires grantees to provide education or nutrition services to what it considers low-income youth in K-12 schools. It also requires grantees to align with Cargill’s left-of-center diversity, equity, and inclusion (DEI) initiatives. 1

    Grantmaking

    Education

    Cargill Foundation’s education grants support programs for K-12 schools and school districts in the Minneapolis-St. Paul area. It funds STEM (science, technology, engineering, and math) and college- and career-readiness programs. 6

    Cargill Foundation states that its grants for STEM programs target low-income individuals and communities and seek to increase access to STEM programs. It funds professional development for STEM teachers, nonprofit STEM education programs, and programs that encourage individuals to take STEM courses and pursue STEM careers. 6

    Cargill Foundation’s college- and career-readiness grants also fund programs targeting low-income individuals and communities. It lists Black Men Teach as an education partner organization, which works with public schools in Minnesota to encourage African-American boys to pursue a career in education. 3 It also lists Comunidades Latinas Unidas en Servicio (CLUES) as a partner organization, which is a nonprofit organization that provides social services seeking to improve the economic status of Latinos living in Minnesota. 6 4

    Food Programs

    Cargill Foundation’s nutrition grant program funds nonprofit organizations that provide what it considers nutritious food to low-income children between the ages of two and twelve. It also funds nutrition education programs and community-garden initiatives. 7

    Financials

    In 2022, Cargill Foundation reported $2.6 million in net losses after receiving no contributions and $6.5 million losses from the sale of assets. 8 It also reported $13.3 million in total expenses, including $11.9 million in grants paid. 9

    People

    Colleen May has been the president of Cargill Foundation and Cargill since 2018. She has worked for Cargill since 1989, beginning in merchandising and working as manager and executive of various departments of the agricultural conglomerate. 10

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $307,345,903 $579,378 $10,167,858 View
    2023 $256,237,250 $2,521,092 $25,604,547 View
    2022 $233,554,881 $-2,654,031 $13,388,647 View
    2021 $301,209,399 $105,535,102 $13,391,396 View
    2020 $255,033,902 $31,284,535 $13,197,467 View

    Prior year filings: 2019, 2015, 2014, 2013, 2012, 2011

    Expenses Detail

    Employee Compensation

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Ben AaseDIRECTOR$10,000
    Sheila RiggsDIRECTOR$10,000

    Grant Activity

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $203,486,826
    • Number of Grants: 1,443
    • Number of Recipients: 207

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $3,074,9952022 Achieve Twin CitiesPROGRAM SUPPORT
    $1,500,0002024 Second Harvest HeartlandMOONSHOT CAMPAIGN
    $1,500,0002020 Second Harvest HeartlandCHILD HUNGER INITIATIVE AND MN CENTRAL KITCHEN
    $1,460,4822020 Achieve Twin CitiesCAREER & COLLEGE READINESS PROGRAM, GEMS/GISE PROGRAM, AND STEM FOR ALL
    $1,425,0002023 Second Harvest HeartlandMOONSHOT CAMPAIGN
    $1,307,5232021 Achieve Twin CitiesCAREER & COLLEGE READINESS PROGRAM, GEMS/GISE PROGRAM, AND STEM FOR ALL
    $1,025,0002020 Saint Paul & Minnesota FoundationMINNESOTA CORPORATE & COMMUNITY COALITION
    $1,005,0002021 Second Harvest HeartlandCHILD HUNGER INITIATIVE AND MN CENTRAL KITCHEN
    $1,000,0002023 Northside Economic Opportunity NetworkNEON FOOD INCUBATOR CAMPAIGN
    $771,2412020 Science Museum of MinnesotaINSPIRECT: INSPIRING STEM LEARNING THROUGH APPLIED COMPUTATIONAL THINKING AND GENERAL OPERATING
    $708,3332024 Achieve Twin CitiesCAREER AND COLLEGE READINESS MINNEAPOLIS (MPS) AND SAINT PAUL PUBLIC SCHOOLS (SPPS)
    $708,3332023 Achieve Twin CitiesCAREER AND COLLEGE READINESS MINNEAPOLIS (MPS) AND SAINT PAUL PUBLIC SCHOOLS (SPPS)
    $677,5732021 Science Museum of MinnesotaINSPIRECT: INSPIRING STEM LEARNING THROUGH APPLIED COMPUTATIONAL THINKING AND GENERAL OPERATING
    $600,0002022 Greater Twin Cities United WayPROGRAM SUPPORT
    $600,0002021 Greater Twin Cities United WayPROGRAM SUPPORT
    $500,0002024 Second Harvest HeartlandCHILD HUNGER INITIATIVE AND KITCHEN COALITION
    $500,0002024 YOUTHPRISEYOUTHPRISE COOPERATIVE HOUSING & COMMUNITY CENTER (YCHCC)
    $500,0002023 Second Harvest HeartlandCHILD HUNGER INITIATIVE AND KITCHEN COALITION
    $500,0002021 Minneapolis FoundationPROGRAM SUPPORT
    $500,0002020 Greater Twin Cities United WayGENERAL OPERATING SUPPORT 2020
    $500,0002020 Mayo ClinicCOVID-19 FUNDING
    $481,2192022 Science Museum of MinnesotaINSPIRECT: INSPIRING STEM LEARNING THROUGH APPLIED COMPUTATIONAL THINKING AND GENERAL OPERATING
    $475,0002021 The Good AcreSCHOOL NUTRITION VOCATIONAL TRAINING PROGRAM
    $450,0002024 College PossibleCOLLEGE ACCESS & SUCCESS PROGRAMMING AND FAFSA SUPPORT SERVICES
    $450,0002020 College PossibleCOLLEGE READINESS PROGRAMMING

    References

    1. “Cargill Foundation.” Cargill. Accessed June 2, 2024. https://www.cargill.com/about/community/cargill-foundation-headquarters.
    2. “Addressing the Opportunity Gap in Our Hometown Headquarters Community.” Cargill. Accessed June 2, 2024. https://www.cargill.com/about/community/addressing-the-opportunity-gap-in-our-hometown-hdqt-community.
    3. “What We Do.” Black Men Teach. Accessed June 2, 2024. https://www.blackmenteach.org/what-we-do.
    4. “About Clues.” Comunidades Latinas Unidas En Servicio, May 3, 2024. https://clues.org/about/.
    5. Murphy, Andrea. “America’s Largest Private Companies 2023: Cargill Stays on Top, Spacex Debuts.” Forbes, November 15, 2023. https://www.forbes.com/sites/andreamurphy/2023/11/14/americas-largest-private-companies-2023-cargill-stays-on-top-spacex-debuts/?sh=6670d0b149cf.
    6. “Education.” Cargill. Accessed June 2, 2024. https://www.cargill.com/about/community/education.
    7. “Childhood Nutrition.” Cargill. Accessed June 2, 2024. https://www.cargill.com/about/community/childhood-nutrition.
    8. Return of Organization Exempt from Income Tax (Form 990-PF). Cargill Foundation. 2022. Part I, Lines 1-12.
    9. Return of Organization Exempt from Income Tax (Form 990-PF). Cargill Foundation. 2022. Part I, Lines 25-26.
    10. “Colleen May.” LinkedIn. Accessed June 2, 2024. https://www.linkedin.com/in/colleen-may-6a254a.