Manitou Fund

The Manitou Fund is a left-of-center private foundation located in Minnesota funded by the estate of real estate magnate Donald McNeely. McNeely’s family controls a large amount of real estate throughout the Midwest. The foundation controls nearly $1 billion in assets, making it among the largest foundations in Minnesota.

At-A-Glance

Formation:

1966

Founder:

Donald G. McNeely

President and CEO:

Oliver Din

Location: White Bear Lake, MN View on map
Tax ID: 41-6055113
Most Recent Filing: 2024
Budget (2024): Assets: $846,606,773 Revenue: $65,166,476 Expenses: $25,276,305

Contents

    Little is known about the inner workings of the foundation or its president, Oliver Din, as the foundation does not have a website and Din is notably private about his personal background. The foundation mostly funds organizations in the Midwest and California including many left-of-center environmental groups and has purchased swaths of land for preservation. Groups funded by the foundation include Human Rights Watch, Environmental Defense Fund, and First Peoples Fund. 1 2

    History

    The Manitou Fund was founded by Minnesota real estate magnate Donald McNeely in the 1960s and was funded with $1 billion from his estate after he died in 2009. McNeely was a prominent businessman in Minnesota who co-owned the Minnesota Vikings and the Minnesota Twins, and retired to Pebble Beach, California. During McNeely’s lifetime, he funded a variety of organizations in the arts, providing gifts to name several facilities and programs after his aunt, Rose Warner, and his wife, Marjorie McNeely. 3

    Projects funded by McNeely during his lifetime through the Manitou Fund and other means included the Rose Warner Writing Center and the Rose Warner Science Lab at the College of St. Scholastica, the Lee and Rose Warner Nature Center, the Marjorie McNeely Conservatory at Como Park, the Marjorie McNeely Gallery at the Minneapolis Institute of Arts, and the Marjorie McNeely Fund for the Blind or Illiterate in Monterey County, California. Other recipients of his giving included Catholic Charities, Como Friends, Guthrie Theater, the McNeely Foundation, the YMCA, and Yale University. 3

    Donald McNeely worked for the family real estate business founded by his father, and several other members of the family are active in philanthropy. The family owns several large-scale commercial warehousing facilities throughout the Midwest called the Space Center. The McNeely family also operates the McNeely Foundation. 4

    Activity

    The Manitou Fund has also purchased property in addition to its grantmaking. In 2023, the fund purchased the financially troubled Zephyr Theater in Stillwater, Minnesota, and announced plans to take over lease negotiations for the facility. The fund also purchased the 600-acre Wilder Forest property in Washington County, Minnesota for preservation after plans for a Catholic youth camp fell through. 5 6

    Leadership

    Oliver Din is the president and chief executive officer of the Manitou Fund and receives $700,000 in annual compensation. According to the Minnesota Tribune, little is known about Oliver Din as he has declined to divulge much about his own background, and little is available on the internet. The Tribune stated that Din “said he had experience in business and finance without naming any employers, and he wouldn’t say where he lives or why he came to the United States (other than for a job) after obtaining a degree in Toronto. Though records show that he owns a modest house in Kansas, he said he doesn’t live there and plans to buy a house in Minnesota.” Din has also declined to say how he met the McNeely family. 2

    Grantmaking Activity

    The Manitou Fund provides grants to a variety of left-of-center organizations with an emphasis on environmental issues and Native American groups. Grantees include the American Indian Family Center, American Rivers, Homeboy Industries, Human Rights Watch, the Environmental Defense Fund, the Minnesota Center for Environmental Advocacy, the Natural Resources Defense Council, the Ocean Foundation, and the Aspen Institute. 1

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $846,606,773 $65,166,476 $25,276,305 View
    2023 $795,213,809 $33,182,899 $268,603,098 View
    2022 $958,463,224 $22,487,979 $39,394,036 View
    2021 $1,063,590,176 $40,882,622 $36,865,811 View
    2020 $1,030,791,528 $45,461,606 $30,065,022 View

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

    Expenses Detail

    Employee Compensation

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Oliver DinPRESIDENT & CEO$750,000
    Greg McNeelyCHIEF PROGRAM OFFICER$350,000
    Nora McNeely HurleyCHIEF PROGRAM OFFICER$350,000
    Heather DinVP OPERATIONS$173,750
    Michael HurleyPROGRAM MANAGER$85,000

    Grant Activity

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $171,545,768
    • Number of Grants: 1,444
    • Number of Recipients: 545

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

    AmountYearFunderSubject
    $14,004,7052023 Khr Mcneely Family FoundationGENERAL OPERATING
    $3,200,0002022 Pastor of Saint Rita Catholic Parish in San Diego CaliforniaBUILDING AND ART PROGRAM
    $2,763,6862021 Schwab CharitiesCHARITABLE GIFTS
    $2,450,0002022 Schwab CharitiesCHARITABLE GIFTS
    $2,375,0002022 Franklin SwitzerlandGARDEN & HAPPINESS DEAN FUND ($875K), SCHOLARSHIP ($550), BUILDING CAPITAL ($500K) AND AV SYSTEM ($450K)
    $2,050,0002022 Gwendolyn Strong FoundationMAGICAL TREE AND KINDNESS GARDEN CAPITAL CAMPAIGN
    $2,000,0002021 Franklin SwitzerlandGENERAL SUPPORT – SCHOLARSHIPS
    $2,000,0002020 Franklin SwitzerlandBUILDING CAPITAL CAMPAIGN
    $1,750,0002024 Schwab CharitiesCHARITABLE GIFTS
    $1,679,7692020 Schwab CharitiesCHARITABLE GIFTS
    $1,590,0002022 University of Minnesota FoundationCOLLEGE OF DESIGN: KUSSKE DESIGN INITIATIVE
    $1,500,0002023 Schwab CharitiesCHARITABLE GIFTS
    $1,500,0002022 Usta FoundationSCHOLARSHIP AND GRANTS ($750K), EDUCATION & NJTL PROGRAMS ($750K)
    $1,500,0002021 Santa Barbara Agriculture and Farm Education FoundationSUMMERLAND FARM
    $1,500,0002021 University of Minnesota FoundationBEE RESEARCH LAB: BEE SQUAD
    $1,500,0002020 Ganna Walska LotuslandJAPANESE GARDEN RENOVATION AND ENDOWMENT FUND
    $1,250,0002020 St Catherine UniversityKATIE LEADERSHIP IMPACT
    $1,200,0002023 International Tennis Hall of Fame IncorporatedTEAMFAME LEARNING CENTER AT CANFIELD HOUSE CAPITAL CAMPAIGN
    $1,100,0002022 Ganna Walska LotuslandEDUCATION PROGRAM ($100K)/TRITON FOUNTAIN & ABALONE POND ($950K)/GENERAL OPERATING ($50K)
    $1,000,0002024 International Tennis Hall of FameHISTORICAL GROUNDS CAPITAL PROJECT ($750K) AND TEAMFAME & BE LEGENDARY PROGRAMS ($250K)
    $1,000,0002023 Franklin SwitzerlandBUILDING CAPITAL CAMPAIGN
    $1,000,0002021 Century College FoundationSTART RIGHT PROGRAM
    $1,000,0002020 Santa Barbara Cottage HospitalPROGRAM SPECIFIC
    $1,000,0002020 USTA FOUNDATION INCORPORATEDEMERGENCY GRANTS FOR TENNIS AND EDUCATION PROGRAMMING & THE LEADERSHIP AWARD AND PROGRAMMING FUND
    $995,0002022 College of St Scholastica IncSTUDENT CENTER ($500K) AND NURSING SCHOLARSHIP ($275K), WARNER SERIES ($25K) AND ONE NURSING SKILL LAB ($195K)

    References

    1. Return of Private Foundation (Form 990-PF). Manitou Fund. 2022. https://projects.propublica.org/nonprofits/organizations/416055113/202303199349106525/full
    2. “Manitou Fund.” Access Philanthropy. Accessed March 28, 2024. https://accessphilanthropy.com/manitou-fund-public-view/
    3. “Donald McNeely.” Minnesota Star Tribune. 2009. Accessed March 28, 2024.  https://www.startribune.com/obituaries/detail/11856000/
    4. “Manitou Fund rises near the top of Minnesota foundations.” Minnesota Star Tribune. Accessed March 28, 2024. https://www.startribune.com/manitou-fund-rises-near-the-top-of-minnesota-foundations/565073042/?refresh=true
    5. “Manitou Fund announces plans to purchase Stillwater’s troubled Zephyr Theatre.” Pioneer Press. April 12, 2023. Accessed March 28, 2024. https://www.twincities.com/2023/04/12/manitou-fund-announces-plans-to-purchase-stillwaters-troubled-zephyr-theatre/
    6. “Wilder Forest land sold to local foundation after Catholic youth camp plan falls apart.” Pioneer Press. October 2, 2023. Accessed March 28, 2024. https://www.twincities.com/2023/10/02/wilder-forest-land-sold-to-manitou-fund/