Anne Ray Foundation

EDEN PRAIRIE, MN EIN: 47-1036008 Website

Anne Ray Foundation (ARF) is a supporting organization and public charity based in Eden Prairie, Minnesota. Established upon the death of Margaret Anne Cargill in August 2006, the foundation is part of Margaret A. Cargill Philanthropies (MACP), which ranks among the top ten largest philanthropies in the United States. The foundation was created as an heir to the Cargill Inc. fortune and operates as a grant-making entity focused on providing meaningful support to designated beneficiary organizations.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.0B

+2.1% YoY

Annual Giving

$167.0M

-0.3% YoY

Grant Count

108

+8.0% YoY

Avg Grant Size

$1.5M

-7.7% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's mission is to provide meaningful support to designated supported organizations to make a measurable and sustainable difference on shared priority problems. The foundation's grantmaking reflects its mission, values, and the donor's guiding principles through seven program domains:

Animal Welfare: Focus on the wellbeing of domestic animals and injured wild animals, and ways to increase empathy toward animals among children and adults
Arts & Cultures: Support for folk arts, Native American art, music, tactile art, and artistically significant crafts that foster human creativity
Disaster Relief & Recovery: Support for work in natural disaster preparedness, relief, and recovery with emphasis on communities prone to low-attention disasters
Environment: Conservation of natural resources and protection of natural habitats
Legacy & Opportunity: Funding for opportunities and geographies that were important to the donor, Margaret Cargill, and aligned with strategic priorities
Quality of Life: Support for children, young adults, families, and older adults
Teachers & Students: Support for teacher education and student development

Grantmaking

As a supporting organization, Anne Ray Foundation is legally restricted to making grants only to beneficiary organizations specifically named by Margaret Cargill in the foundation's formation documents. The foundation does not accept unsolicited grant proposals.

How to Apply

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Geographic Focus

Where this funder awards grants

The foundation's grantmaking focuses nationally across the United States, with some international work conducted through designated beneficiaries. Recent grants have been distributed to organizations in Virginia, California, and the District of Columbia.

Grant Distribution by State

District of Columbia $121.5M (33%)

Virginia $105.2M (29%)

Kentucky $89.7M (24%)

California $40.7M (11%)

Minnesota $9.8M (3%)

States

California District of Columbia Illinois Kentucky Minnesota New Mexico Virginia

Cities

ALEXANDRIAARLINGTONBEREABURBANKCHICAGOIDYLLWILDMINNEAPOLISSAN DIEGOSANTA FEWASHINGTON

Financial History

Multi-year comparison from IRS filings

Assets & Revenue (2024):

Total Assets: $4,971,009,688
Total Revenue: $153,086,190
Total Expenses: $172,815,860

Assets & Revenue (2023):

Total Assets: $4.87 billion
Total Revenue: $198 million
Total Expenses: $255 million
Annual Giving: $214,181,129

Assets (2019):

Approximately $4.3 billion

Additional Financial Notes:

Total Liabilities (2023): $170 million
Number of Employees: 0 (operates as a supporting organization)
The foundation provided first-class or charter travel to key employees or officers, as reported on Schedule J of its 2023 tax filing

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,971,009,688	$4,867,708,785	$4,754,280,284
Revenue	$153,086,190	$198,443,957	$-82,596,152
Expenses	$172,815,860	$254,702,109	$182,387,086
Qualifying Distributions	—	—	—
Net Investment Income	$91,177,950	$226,538,516	$-87,307,130
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

250 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

Heather Kukla: Runs the foundation
Leeanne Huber: Director of Communications (952-460-7508; lhuber@macphil.org)

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CHRISTINE MORSE	BOARD CHAIR	11	$83,620
RIGHT REVEREND JOHN CHANE	DIRECTOR	6	$60,750
WIN NEUGER	DIRECTOR	6	$54,100
STUART TOBISMAN	DIRECTOR	4	—
PAUL BUSCH	DIRECTOR	6	$55,000
HEATHER KUKLA	PRESIDENT	50	—
NAOMI HORSAGER	TREASURER/CFO	50	—
ELIZABETH BORER	SECRETARY/GEN COUNSEL	50	—
KURIAN THOMAS	VP OF PROGRAMS	50	—
SHAWN WISCHMEIER	CHIEF INVESTMENT OFFICER	50	—
MICHAEL RUETZ	DEPUTY CIO/INVESTMENT DIR.	50	—
MATTHEW MINNIS	INVESTMENT DIRECTOR	50	—
RODNEY OVERCASH	INVESTMENT DIRECTOR	50	—
TRICIA SCRIVNER	INVESTMENT DIRECTOR	50	—
CHRISTOPHER VOGT	INVESTMENT DIRECTOR	50	—

Recent News & Activity

Recent developments and announcements

Recent grant announcements include:

Equal Justice Works received a $575,000 grant from Margaret A. Cargill Philanthropies

Equal Justice Works Receives $575000 Grant from Margaret A ...

American Camp Association (ACA) was awarded $2.25 million to create, improve, and expand leadership pathways for young people from diverse backgrounds

ACA Awarded $2.25 Million to Create, Improve, and Expand ...