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Rank

Foundation

2003 Assets

Fiscal Year End

2002 Rank

1

The McKnight Foundation

$1,909,000,000

12/31/2003

1

2

The Saint Paul Foundation (1)

$681,477,525

12/31/2003

3

3

Bush Foundation

$650,593,000

11/30/2003

2

4

The Minneapolis Foundation (2)

$571,342,803

3/31/2004

4

5

Andersen Foundation

$551,654,682

12/31/2003

5

6

Otto Bremer Foundation

$455,434,341

12/31/2003

6

7

Northwest Area Foundation

$437,760,233

3/31/2004

7

8

Blandin Foundation

$379,813,000

12/31/2003

8

9

Charles K. Blandin Residuary Trust

$299,380,842

12/31/2002

N/A

10

Minnesota Partnership for Action Against Tobacco (MPAAT)

$156,548,251

6/30/2003

10

11

The Hormel Foundation

$152,878,919

11/30/2003

11

12

The Jay and Rose Phillips Family Foundation

$152,050,090

12/31/2003

9

13

F.R. Bigelow Foundation

$131,801,077

12/31/2003

13

14

Catholic Community Foundation in the Archdiocese of Saint Paul and Minneapolis

$117,939,882

6/30/2003

12

15

Lutheran Community Foundation

$103,452,553

12/31/2003

18

16

Alliss Educational Foundation

$101,084,365

12/31/2003

14

17

Thrivent Financial for Lutherans Foundation & Corporation

$87,460,000

12/31/2003

17

18

I. A. O'Shaughnessy Foundation, Incorporated

$86,141,018

12/31/2003

20

19

Wem Foundation

$82,444,343

12/31/2003

19

20

The Jerome Foundation

$79,206,761

4/30/2004

16

21

Cargill & Cargill Foundation

$69,000,000

5/31/2004 & 12/31/2003
respectively

22

22

U.S. Bancorp Foundation & Corporation

$66,067,046

12/31/2003

N/A

23

Hugh J. Andersen Foundation

$65,233,103

2/29/2004

23

24

Patrick and Aimee Butler Family Foundation

$55,596,316

12/31/2003

24

25

Curtis L. Carlson Family Foundation (3)

$52,230,789

12/31/2002

21

26

Mardag Foundation

$50,535,303

12/31/2003

25

27

Blue Cross and Blue Shield of Minnesota Foundation

$46,838,532

12/31/2003

40

28

The Wasie Foundation

$45,581,148

12/31/2003

42

29

Andreas Foundation

$42,568,828

11/31/2003

28

30

The Bayport Foundation of Andersen Corporation

$41,897,866

11/30/2003

31

31

General Mills Community Action (4)

$39,458,730

5/31/2004

30

32

Ordean Foundation

$38,470,872

12/31/2003

33

33

Kopp Family Foundation

$38,335,563

12/31/2003

N/A

34

3M Foundation & Corporation

$38,021,000

12/31/2003

39

35

Ida C. Koran Trust

$37,859,230

12/31/2003

32

36

Central Minnesota Community Foundation

$35,661,913

6/30/2003

41

37

Southwest Minnesota Foundation

$35,196,392

6/30/2003

35

38

Carolyn Foundation

$34,922,406

12/31/2003

49

39

Duluth-Superior Area Community Foundation

$34,817,401

12/31/2003

48

40

West Central Initiative

$34,045,537

6/30/2003

37

41

The Minnesota Mutual Foundation/Minnesota Life and Its Affiliates

$33,509,000

12/31/2003

44

42

Carl and Eloise Pohlad Family Foundation

$31,939,704

12/31/2003

50

43

Margaret Rivers Fund

$31,127,136

12/31/2003

43

44

Deluxe Foundation & Corporation

$30,876,019

12/31/2003

N/A

45

Northwest Minnesota Foundation

$30,700,000

6/30/2003

45

46

E.M. Pearson Foundation

$30,223,248

12/31/2003

N/A

47

The Beverly Foundation

$28,200,799

12/31/2003

N/A

48

Tozer Foundation, Inc.

$28,065,832

10/31/2003

N/A

49

HRK Foundation

$27,320,365

12/31/2003

N/A

50

The Harry Kay Charitable Foundation

$25,285,685

11/30/2003

N/A