2017-05-04T09:00:42-07:00 2016-06-30 Carpenter Evert & Associates 7760 France Ave S 940 Bloomington MN 55435 990 2015-07-01 363567019 PHILANTHROFUND FOUNDATION PHIL 6128701806 2801 21st Avenue South MINNEAPOLIS MN 55407 LUCIANO PATINO President 2017-05-04 true Marc Colin P00560855 9528310085 2015 2021-01-29 14:40:06Z LUCIANO PATINO 2801 21ST AVENUE SOUTH 132B MINNEAPOLIS MN 55407 791230 false false X WWW.PFUNDFOUNDATION.ORG X 1987 MN Philanthrofund Foundation is a vital resource and community builder for lesbian, gay, bisexual, transgender and allied communities by providing grants and scholarships, developing leaders, and inspiring giving. 13 13 8 44 0 452441 347484 2750 3777 99703 24180 -16273 0 538621 375441 154190 61200 0 247507 329208 0 70789 203260 133474 604957 523882 -66336 -148441 989504 813917 165698 165295 823806 648622 X Philanthrofund Foundation is a vital resource and community builder for lesbian, gay, bisexual, transgender and allied communities by providing grants and scholarships, developing leaders, and inspiring giving. true true 385130 61200 Improved Foundation Infrastructure:In September 2015 PFund Foundation launched its brand new websitewww.PFundFoundation.org. This more accessible website contains updated content and was built on a content management system so that updates can be made in real time at low to no cost. In addition, PFund Foundation began using ZoomGrants to administer an online application for our grant-making. This improvement has reduced printing and mailing costs, provided improved review tools for our volunteer community reviewers and made the process far more efficient and acceptable for those applying.In the fall of 2015, PFund Foundation moved into the Center for Progressive Philanthropy (2801 21st Ave. S, Ste. 132B, Minneapolis, MN 55407). The center contains two conference rooms which has allowed us to host more events and meetings than we could at our office in Loring Park. The location is accessible by MetroTransit lines including the 21 bus and Blue Line train. The suite also houses Headwaters Foundation for Justice, Native Americans in Philanthropy and Tiwahe Foundation. Were happy to be sharing space with industry colleagues and are grateful that our administrative and contract costs have now been made much more streamlined.Elevated Priorities:We asked an important question: what's next? Although the Supreme Court ruled in favor of marriage equality in June of 2015, the fight for LGBTQ rights and fair treatment is far from over. We recognize that the landscape of the LGBTQ movement has shifted.Barriers and mistreatment based on race, class, gender identity and sexual orientation call for our community to respond. PFund Foundation is ready to provide the resources and opportunities to address these disparities.Consequently, we developed three elevated priorities to help focus our attention and work: queer People of Color, Transgender and Gender Non-Conforming people and LGBTQ North Dakotans and South Dakotans.Why these criteria:1) LGBTQ people of color are six times more likely to experience poverty than LGBTQ white people. Disparities in education, housing and employment are vast.2) Anti-transgender bias and policies continue to reinforce negative stereotypes and treatment. Consequently, transgender people are 4 times more likely to live in extreme poverty and are the faction of our community experience extreme violence because of their gender identity and presentation.3) North Dakota and South Dakota have the most discriminatory policies against LGBTQ communities in our region. You can be married on Sunday, fired on Monday and evicted on Tuesday simply because of your sexual orientation, gender identity or expression. Policies are hostile and anti-LGBTQ opposition is hyper vigilant.Investing in Bold LGBTQ Leaders:PFund Foundation invests in bold leaders so that lesbian, gay, bisexual transgender and queer communities can thrive. We're extremely happy to share that after our grant process, we're living into our Elevated Priorities with the selection of 21 Individual Leaders. This year our program grew from 16 to 21 leaders awarding $61,200 for their educational and professional development pursuits.-One-half identify has transgender or gender nonconforming-Two-third identify as people of color-Nine are from across our region -We intentionally invested in leaders across the lifespan ranging in age from 17 to 61This year's cohort is a diverse and inspirational group of LGBTQ leaders. These leaders are recognized for their leadership in their communities, from advocating for inclusive school climates and policies to excelling in the performing arts and educating their peers about LGBTQ communities.Funding Forward:PFund Foundation continues to position itself as the expert in queer philanthropy in the upper Midwest. In a post marriage equality reality funding is shifting and the Midwest is about to be the most underfunded region with relationship to LGBTQ people and issues in the United States.In March 2016, PFund Foundation and Minnesota Council on Foundations (MCF) proudly co-hosted 'Funding Forward' the national annual gathering for LGBTQ grantmakers in Minneapolis, Minnesota. PFund and MCF worked with Funders for LGBTQ Issues for one year, planning and prioritizing important conversations during the conference. The conference was two-and-a-half days of over 160 philanthropists (foundations and individuals) raising up working strategies to effect change for LGBTQ people - to respond to current emergencies, build capacity, and strengthen infrastructure and communities over the long term. It was an honor for PFund Foundation to co-host this conference and an extraordinary opportunity for our communities in the upper Midwest to inform, educate and foster discussion on the issues that impact our region.The goal of bringing the conference to the heart of Minnesota's foundation rich community was to galvanize local foundations to attend and commit to improving their organization's practices and commitments to serving LGBTQ people. Additionally, as a national conference, this experience allowed us to illustrate the assets and opportunities LGBTQ people are driving in the upper Midwest bringing attention from national LGBTQ funders to our region. A direct result of the conference has already been increased membership of the Twin Cities LGBTQ Funders Network. 385130 true true false false false false false false false true true false false false false true false false false false false false false false false false false false true false false false false false false false false true false false false false false false false false false false false false false true 11 0 true 8 true false false false false false false false false 0 false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true true false MN X X LOIS EPSTEIN 6128701806 2801 21st Avenue South Suite 132B MINNEAPOLIS MN 55407 LUCIANO PATINO President 5.00 0.00 X X 0 0 0 K DAVIS SENSEMAN Vice President 3.00 0.00 X X 0 0 0 CURTIS BROCK Treasurer 2.00 0.00 X X 0 0 0 COYA WHITE HAT-ARTICHOKER Secretary 2.00 0.00 X X 0 0 0 SABY LABOR Adv. 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The Organization's policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status. The Organization continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. It has been classified as an organization that is not a private foundation under the Internal Revenue Code and charitable contributions by donors are tax deductible. In compliance with its exempt status, the organization annually files a return of exempt from income tax (Form 990). false 0 0 Scholarships 21 61200 Jason Jackson Partner of board mem 500 Award Award Form 990, Part III, Line 2: New Services We launched a new quarterly educational series called Queering Philanthropy. We invite experts to talk with members of the community about the unique ways that the philanthropic sector and LGBTQ community intersect. Topics of the series have included the unique needs for LGBTQ people when making planned gifts, the disparities across race affecting the LGBTQ community and why voter engagement is so important. Additionally, we are building a cadre of local business professionals through mutually beneficial partnerships, now known as the PFund Business Advisors. This program provides quarterly in-person gatherings as well as LGBTQ and philanthropic expertise to local business leaders across sectors. The goals are to engage more community members through cross-promotion, education and visibility about LGBTQ people and issues in the upper Midwest. Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services Pause in Organizational grant giving, focusing on grants/scholarships to individuals. Form 990, Part VI, Line 11b: Form 990 Review Process The Treasurer and Finance Committee review the completed 990. The executive committee is empowered to review and approve the 990 if the full Board cannot due to timing in regards to the filing date. The Board Chair and Executive Director or other designated signatories sign the 990. The 990 form is then circulated electronically to the full board prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts EACH PFUND DIRECTOR AND STAFF MEMBER SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE PFUND PERSON IN INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. DETAILED PROCEDURES FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY ARE IN THE WRITTEN POLICY. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management PFUND FOUNDATION CONDUCTS PERFORMANCE REVIEWS ANNUALLY. A PERFORMANCE REVIEW DOES NOT NECESSARILY IMPLY AN INCREASE IN PAY. PFUND FOUNDATION IS COMMITTED IN PRINCIPLE TO PAYING MARKET WAGES INSOFAR AS POSSIBLE. DUE TO THE SIZE AND NON-PROFIT STATUS OF THE ORGANIZATION, THIS MAY NOT ALWAYS BE POSSIBLE. IN COMPENSATING EMPLOYEES, PFUND WILL CONSIDER THE FOLLOWING: 1. THE EMPLOYEE'S RELEVANT EDUCATION AND EXPERIENCE; 2. THE EMPLOYEE'S ON-THE-JOB PERFORMANCE; 3. THE COMPENSATION OF OTHER EMPLOYEES WITH SIMILAR QUALIFICATIONS; 4. THE COMPENSATION PAID BY OTHER ORGANIZATIONS TO EMPLOYEES WITH THE SAME POSITION AND SIMILAR QUALIFICATIONS; 5. THE EMPLOYEE'S OVERALL CONTRIBUTION TO THE ORGANIZATION; AND 6. PFUND FOUNDATION'S ABILITY TO PAY. COMPENSATION AND BENEFIT REVIEWS HAPPEN ANNUALLY. THE EXECUTIVE DIRECTOR SHALL HAVE SOLE DISCRETION IN DETERMINING EMPLOYEE COMPENSATION. THE EXECUTIVE DIRECTOR'S SALARY AND BENEFITS ARE DETERMINED BY THE BOARD EXECUTIVE COMMITTEE. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees PFUND FOUNDATION IS COMMITTED IN PRINCIPLE TO PAYING MARKET WAGES INSOFAR AS POSSIBLE. IN COMPENSATING EMPLOYEES, PFUND WILL CONSIDER THE FOLLOWING: 1. THE EMPLOYEE'S RELEVANT EDUCATION AND EXPERIENCE; 2. THE EMPLOYEE'S ON-THE-JOB PERFORMANCE; 3. THE COMPENSATION OF OTHER EMPLOYEES WITH SIMILAR QUALIFICATIONS; 4. THE COMPENSATION PAID BY OTHER ORGANIZATIONS TO EMPLOYEES WITH THE SAME POSITION AND SIMILAR QUALIFICATIONS; 5. THE EMPLOYEE'S OVERALL CONTRIBUTION TOT HE ORGANIZATION; AND 6. PFUND FOUNDATION'S ABILITY TO PAY. THE EXECUTIVE DIRECTOR SHALL HAVE SOLE DISCRETION IN DETERMINING EMPLOYEE COMPENSATION. THE EXECUTIVE DIRECTOR'S SALARY AND BENEFITS ARE DETERMINED BY THE BOARD EXECUTIVE COMMITTEE. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The foundation's annual financial statements are also posted on the foundation's website, www.pfundFOUNDATION.org.