ANNE RAY FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: ANNE RAY FOUNDATION (EIN 47-1036008)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-14
IRS object ID: 202523189349304162
Schema version: 2024v5.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule F
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-14T09:44:28-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	861065772	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DELOITTE TAX LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	50 SOUTH SIXTH STREET SUITE 2800	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	471036008	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ANNE RAY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ANNE	BusinessNameControlTxt
Phone	9525404053	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6889 ROWLAND ROAD	AddressLine1Txt
City	EDEN PRAIRIE	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55344	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	NAOMI HORSAGER	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	9525404053	PhoneNum
Signature	2025-11-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ANNE FULTON	PreparerPersonNm
PTIN	P00941863	PTIN
Phone	6123974000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	HEATHER KUKLA	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6889 ROWLAND ROAD	AddressLine1Txt
City	EDEN PRAIRIE	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55344	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$3,003,286,370	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.MACPHILANTHROPIES.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2014	FormationYr
Legal Domicile State	MN	LegalDomicileStateCd
Activity Or Mission	CHARITABLE GRANTMAKING TO SOME OR ALL DESIGNATED SUPPORTED ORGANIZATIONS.	ActivityOrMissionDesc
Voting Members Governing Body	5	VotingMembersGoverningBodyCnt
Voting Members Independent	5	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	-$2,696,266	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$226,538,516	PYInvestmentIncomeAmt
CY Investment Income	$91,177,950	CYInvestmentIncomeAmt
PY Other Revenue	-$28,094,559	PYOtherRevenueAmt
CY Other Revenue	$61,908,240	CYOtherRevenueAmt
PY Total Revenue	$198,443,957	PYTotalRevenueAmt
CY Total Revenue	$153,086,190	CYTotalRevenueAmt
PY Grants And Similar Paid	$214,181,129	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$130,904,235	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$19,499,013	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$22,983,549	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$21,021,967	PYOtherExpensesAmt
CY Other Expenses	$18,928,076	CYOtherExpensesAmt
PY Total Expenses	$254,702,109	PYTotalExpensesAmt
CY Total Expenses	$172,815,860	CYTotalExpensesAmt
PY Revenues Less Expenses	-$56,258,152	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$19,729,670	CYRevenuesLessExpensesAmt
Total Assets BOY	$4,867,708,785	TotalAssetsBOYAmt
Total Assets EOY	$4,971,009,688	TotalAssetsEOYAmt
Total Liabilities BOY	$170,466,389	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$138,129,679	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$4,697,242,396	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$4,832,880,009	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	PROVIDE MEANINGFUL SUPPORT TO SOME OR ALL DESIGNATED SUPPORTED ORGANIZATIONS TO MAKE A MEASURABLE AND SUSTAINABLE DIFFERENCE ON OUR SHARED PRIORITY PROBLEMS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$150,481,273	ExpenseAmt
Grant	$130,904,235	GrantAmt
Desc	SEE SCHEDULE OOUR GRANTMAKING REFLECTS OUR MISSION, VALUES, AND OUR DONOR'S GUIDING PRINCIPLES.WE SUPPORT THE WORK OF OUR DESIGNATED SUPPORTED ORGANIZATIONS IN COMMUNITIES ACROSS SEVEN PROGRAM AREAS REFERRED TO AS DOMAINS. THE DOMAINS ARE: - ANIMAL WELFARE: WE FOCUS ON THE WELLBEING OF DOMESTIC ANIMALS AND INJURED WILD ANIMALS, AND WAYS TO INCREASE EMPATHY TOWARD ANIMALS AMONG CHILDREN AND ADULTS.- ARTS & CULTURES: WE HELP SUPPORT FOLK ARTS, NATIVE AMERICAN ART, MUSIC, TACTILE ART, AND ARTISTICALLY SIGNIFICANT CRAFTS THAT FOSTER HUMAN CREATIVITY.- DISASTER RELIEF & RECOVERY: WE SUPPORT WORK IN NATURAL DISASTER PREPAREDNESS, RELIEF, AND RECOVERY WITH EMPHASIS ON COMMUNITIES PRONE TO LOW-ATTENTION DISASTERS. - ENVIRONMENT: WE SUPPORT THE CONSERVATION OF NATURAL RESOURCES AND PROTECTION OF NATURAL HABITATS. - LEGACY & OPPORTUNITY: WE PROVIDE FUNDING FOR OPPORTUNITIES AND GEOGRAPHIES THAT WERE IMPORTANT TO OUR DONOR, MARGARET CARGILL, AND ARE ALIGNED WITH OUR STRATEGIC PRIORITIES.- QUALITY OF LIFE: WE SUPPORT CHILDREN, YOUNG ADULTS, FAMILIES, AND OLDER ADULTS THROUGHOUT LIFE'S JOURNEY.- TEACHERS & STUDENTS: WE SUPPORT THE TEACHING PROFESSION AND STUDENT SUCCESS.DURING 2024 ANNE RAY FOUNDATION MADE GRANTS TO DESIGNATED SUPPORTED ORGANIZATIONS FOR A VARIETY OF PROGRAMS AS DETAILED ON SCHEDULE I, PART II. GRANTS REPORTED AT SCHEDULE I REFLECT CASH GRANT PAYMENTS DURING THE YEAR. GRANT EXPENSE AS REPORTED ON PART IX OF THE FORM 990 REPORTS EXPENSE UNDER ACCRUAL BASIS ACCOUNTING RULES.	Desc
Total Program Service Expenses	$150,481,273	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	Yes (1)	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
Info In Schedule O Part V	Yes (X)	InfoInScheduleOPartVInd
IRP Document	19	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	Yes (1)	ForeignFinancialAccountInd
Foreign Country	BE	ForeignCountryCd
Foreign Country	CA	ForeignCountryCd
Foreign Country	DA	ForeignCountryCd
Foreign Country	FR	ForeignCountryCd
Foreign Country	GM	ForeignCountryCd
Foreign Country	IS	ForeignCountryCd
Foreign Country	JA	ForeignCountryCd
Foreign Country	NL	ForeignCountryCd
Foreign Country	UK	ForeignCountryCd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	5	GoverningBodyVotingMembersCnt
Independent Voting Member	5	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	Yes (1)	InvestmentInJointVentureInd
Written Policy Or Procedure	Yes (1)	WrittenPolicyOrProcedureInd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NAOMI HORSAGER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9525404053	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6889 ROWLAND ROAD	AddressLine1Txt
City	EDEN PRAIRIE	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55344	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
CHRISTINE MORSE
BOARD CHAIR	11.00	9.00	Yes (X)	$83,620	$105,280	$0
RIGHT REVEREND JOHN CHANE
DIRECTOR	6.00	4.50	Yes (X)	$60,750	$52,350	$0
WIN NEUGER
DIRECTOR	6.00	6.00	Yes (X)	$54,100	$63,700	$0
STUART TOBISMAN
DIRECTOR	4.00	4.00	Yes (X)	$0	$0	$0
PAUL BUSCH
DIRECTOR	6.00	6.00	Yes (X)	$55,000	$64,000	$0
HEATHER KUKLA
PRESIDENT	50.00			$0	$897,649	$180,408	Yes (X)
NAOMI HORSAGER
TREASURER/CFO	50.00			$0	$631,982	$140,277	Yes (X)
ELIZABETH BORER
SECRETARY/GEN COUNSEL	50.00			$0	$424,774	$100,159	Yes (X)
KURIAN THOMAS
VP OF PROGRAMS	50.00			$0	$444,239	$122,975		Yes (X)
SHAWN WISCHMEIER
CHIEF INVESTMENT OFFICER	50.00			$0	$2,600,920	$414,639		Yes (X)
MICHAEL RUETZ
DEPUTY CIO/INVESTMENT DIR.	50.00			$0	$1,469,321	$257,990			Yes (X)
MATTHEW MINNIS
INVESTMENT DIRECTOR	50.00			$0	$1,169,575	$202,224			Yes (X)
RODNEY OVERCASH
INVESTMENT DIRECTOR	50.00			$0	$1,186,225	$202,454			Yes (X)
TRICIA SCRIVNER
INVESTMENT DIRECTOR	50.00			$0	$1,158,163	$201,785			Yes (X)
CHRISTOPHER VOGT
INVESTMENT DIRECTOR	50.00			$0	$1,156,794	$217,505			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$253,470	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$11,424,972	TotReportableCompRltdOrgAmt
Total Other Compensation	$2,040,416	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt	Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt	CityContractorAddress/ForeignAddress/CityNm	CountryContractorAddress/ForeignAddress/CountryCd	Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd
MARGARET A CARGILL FOUNDATION
6889 ROWLAND ROAD	EDEN PRAIRIE	MN	55344	SHARED SERV EXP REIMBURSEMENT	$34,722,665
BLACKSTONE GROUP
345 PARK AVENUE	NEW YORK	NY	10154	INVESTMENT MANAGEMENT	$2,739,848
CHILTON INVESTMENT COMPANY LLC
300 PARK AVENUE 19TH FLOOR	NEW YORK	NY	10022	INVESTMENT MANAGEMENT	$1,374,962
RECORD CURRENCY MGMT
				INVESTMENT MANAGEMENT	$1,257,595	3 SHELDON SQUARE	LONDON	UK	W2 6HY
FINANCIAL RISK GROUP INC
264 W CHATHAM ST SUITE 100	CARY	NC	27511	INVESTMENTS RISK & PERFORMANCE REPORTING	$504,200

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	19	CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$100,775,216	TotalRevenueColumnAmt
Unrelated Business Revenue	$1,394,353	UnrelatedBusinessRevenueAmt
Exclusion	$99,380,863	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$2,840,602,914	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$2,850,200,180	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$9,597,266	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$9,597,266	TotalRevenueColumnAmt
Unrelated Business Revenue	$2,650,747	UnrelatedBusinessRevenueAmt
Exclusion	-$12,248,013	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Business	523000	BusinessCd
Total Revenue Column	$61,908,240	TotalRevenueColumnAmt
Unrelated Business Revenue	-$6,741,366	UnrelatedBusinessRevenueAmt
Exclusion	$68,649,606	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$61,908,240	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$153,086,190	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$2,696,266	UnrelatedBusinessRevenueAmt
Exclusion	$155,782,456	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$130,904,235	TotalAmt
Program Services	$130,904,235	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$4,145,735	TotalAmt
Program Services	$1,998,619	ProgramServicesAmt
Management And General	$2,147,116	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$13,888,149	TotalAmt
Program Services	$7,215,605	ProgramServicesAmt
Management And General	$6,672,544	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$4,949,665	TotalAmt
Program Services	$2,759,746	ProgramServicesAmt
Management And General	$2,189,919	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$938,784	TotalAmt
Program Services	$158,956	ProgramServicesAmt
Management And General	$779,828	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$297,230	TotalAmt
Program Services	$161,681	ProgramServicesAmt
Management And General	$135,549	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$7,820,623	TotalAmt
Management And General	$7,820,623	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$4,288,175	TotalAmt
Program Services	$3,343,822	ProgramServicesAmt
Management And General	$944,353	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$192,983	TotalAmt
Program Services	$145,889	ProgramServicesAmt
Management And General	$47,094	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$682,248	TotalAmt
Program Services	$541,712	ProgramServicesAmt
Management And General	$140,536	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,040,507	TotalAmt
Program Services	$1,494,056	ProgramServicesAmt
Management And General	$546,451	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$728,558	TotalAmt
Program Services	$399,119	ProgramServicesAmt
Management And General	$329,439	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$352,635	TotalAmt
Program Services	$289,010	ProgramServicesAmt
Management And General	$63,625	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$108,029	TotalAmt
Program Services	$82,021	ProgramServicesAmt
Management And General	$26,008	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt	Program ServicesProgramServicesAmt
FEDERAL UBI TAX BENEFIT	-$610,000	-$610,000
DUES & SUBSCRIPTIONS	$749,206	$311,863	$437,343
OTHER TAXES	$674,592	$674,592	$0
RECRUITING & RELOCATION	$381,784	$87,035	$294,749

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$282,722	TotalAmt
Program Services	$254,710	ProgramServicesAmt
Management And General	$28,012	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$172,815,860	TotalAmt
Program Services	$150,481,273	ProgramServicesAmt
Management And General	$22,334,587	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$20,097,450	BOYAmt
EOY	$17,368,683	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$5,104,343	BOYAmt
EOY	$5,737,867	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$57,266	BOYAmt
EOY	$31,061	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,275,000	BOYAmt
EOY	$2,300,000	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$44,637	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$44,637	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$490,878,866	BOYAmt
EOY	$582,966,506	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$4,350,295,860	BOYAmt
EOY	$4,362,605,571	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,867,708,785	BOYAmt
EOY	$4,971,009,688	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$16,015,406	BOYAmt
EOY	$18,770,870	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$154,450,983	BOYAmt
EOY	$119,358,809	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$170,466,389	BOYAmt
EOY	$138,129,679	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,697,242,396	BOYAmt
EOY	$4,832,880,009	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,697,242,396	BOYAmt
EOY	$4,832,880,009	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,867,708,785	BOYAmt
EOY	$4,971,009,688	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$19,729,670	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$191,945,312	NetUnrlzdGainsLossesInvstAmt
Investment Expense	$21,134,041	InvestmentExpenseAmt
Other Changes In Net Assets	-$57,712,070	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Supporting Organization509a3	Yes (X)	SupportingOrganization509a3Ind
Supporting Org Type3 Non Func	Yes (X)	SupportingOrgType3NonFuncInd
IRS Written Determination	Yes (X)	IRSWrittenDeterminationInd
Supported Organizations	16	SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (16 entries)

EINEIN	Organization TypeOrganizationTypeCd	Governing Document ListedGoverningDocumentListedInd	SupportSupportAmt	Other SupportOtherSupportAmt
ARC NATIONAL
530196605	7	Yes (1)	$29,729,000	$0
ASI
410711603	7	Yes (1)	$2,021,409	$0
BEREA COLLEGE
610444650	2	Yes (1)	$19,300,000	$0
IDYLLWILD
951801279	2	Yes (1)	$1,132,000	$0
KPBS
330373293	2	Yes (1)	$1,704,000	$0
MINGEI
237433357	7	Yes (1)	$1,700,000	$0
YMCA OF THE USA
363258696	10	Yes (1)	$23,750,000	$0
NMAI
530206027	7	Yes (1)	$2,025,000	$0
PBS
520899215	7	Yes (1)	$24,000,000	$0
PMG
952211661	7	Yes (1)	$3,350,000	$0
SA CA
941156347	1	Yes (1)	$3,950,000	$0
SA NATIONAL
222406433	1	Yes (1)	$8,000,000	$0
SAR
850125045	7	Yes (1)	$1,425,000	$0
SDHS
951661688	7	Yes (1)	$5,016,500	$0
ST PAUL'S
952111196	10	Yes (1)	$1,668,500	$0
TNC
530242652	7	Yes (1)	$38,250,000	$0

Field	Value	IRS element (for citing)
Supported Organizations Total	16	SupportedOrganizationsTotalCnt
Support Sum	$167,021,409	SupportSumAmt
Other Support Sum	$0	OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

Field	Value	IRS element (for citing)
Listed By Name Governing Doc	Yes (1)	ListedByNameGoverningDocInd
Suprt Org No IRS Determination	0	SuprtOrgNoIRSDeterminationInd
Supported Org Section C456	0	SupportedOrgSectionC456Ind
Supported Org Not Organized US	0	SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org	0	OrganizationChangeSuprtOrgInd
Support Non Supported Org	0	SupportNonSupportedOrgInd
Payment Substantial Contribtr	0	PaymentSubstantialContribtrInd
Loan Disqualified Person	0	LoanDisqualifiedPersonInd
Controlled Disqualified Prsn	0	ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int	0	DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int	0	DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules	Yes (1)	ExcessBusinessHoldingsRulesInd
Excess Business Holdings	0	ExcessBusinessHoldingsInd
Contribution Controller	0	ContributionControllerInd
Contribution Family	0	ContributionFamilyInd
Contribution35 Controlled	0	Contribution35ControlledInd

Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp

Field	Value	IRS element (for citing)
Timely Provided Documents	Yes (1)	TimelyProvidedDocumentsInd
Officers Close Relationship	0	OfficersCloseRelationshipInd
Supported Org Voice Investment	Yes (1)	SupportedOrgVoiceInvestmentInd

Adjusted Net Income AdjustedNetIncomeGrp

Net ST Capital Gain Adj Net Incm NetSTCapitalGainAdjNetIncmGrp

Field	Value	IRS element (for citing)
Prior Year	$30,607,954	PriorYearAmt
Current Year	$0	CurrentYearAmt

Recoveries PY Distributions RecoveriesPYDistributionsGrp

Field	Value	IRS element (for citing)
Prior Year	$42,276	PriorYearAmt
Current Year	$0	CurrentYearAmt

Other Gross Income OtherGrossIncomeGrp

Field	Value	IRS element (for citing)
Prior Year	$145,409,245	PriorYearAmt
Current Year	$225,565,110	CurrentYearAmt

Adjusted Gross Income AdjustedGrossIncomeGrp

Field	Value	IRS element (for citing)
Prior Year	$176,059,475	PriorYearAmt
Current Year	$225,565,110	CurrentYearAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Prior Year	$0	PriorYearAmt
Current Year	$0	CurrentYearAmt

Production Income ProductionIncomeGrp

Field	Value	IRS element (for citing)
Prior Year	$98,097,046	PriorYearAmt
Current Year	$85,216,241	CurrentYearAmt

Other Expenses OtherExpensesGrp

Field	Value	IRS element (for citing)
Prior Year	$0	PriorYearAmt
Current Year	$0	CurrentYearAmt

Total Adjusted Net Income TotalAdjustedNetIncomeGrp

Field	Value	IRS element (for citing)
Prior Year	$77,962,429	PriorYearAmt
Current Year	$140,348,869	CurrentYearAmt

Minimum Asset Amount MinimumAssetAmountGrp

Average Monthly FMV Of Sec AverageMonthlyFMVOfSecGrp

Field	Value	IRS element (for citing)
Prior Year	$1,049,210,899	PriorYearAmt
Current Year	$961,824,701	CurrentYearAmt

Average Monthly Cash Balances AverageMonthlyCashBalancesGrp

Field	Value	IRS element (for citing)
Prior Year	$67,367,480	PriorYearAmt
Current Year	$77,579,074	CurrentYearAmt

FMV Other Non Exempt Use Asset FMVOtherNonExemptUseAssetGrp

Field	Value	IRS element (for citing)
Prior Year	$3,550,126,989	PriorYearAmt
Current Year	$3,833,275,792	CurrentYearAmt

Total FMV Of Non Exempt Use Asset TotalFMVOfNonExemptUseAssetGrp

Field	Value	IRS element (for citing)
Prior Year	$4,666,705,368	PriorYearAmt
Current Year	$4,872,679,567	CurrentYearAmt

Field	Value	IRS element (for citing)
Discount Claimed	$0	DiscountClaimedAmt

Acquisition Indebtedness AcquisitionIndebtednessGrp

Field	Value	IRS element (for citing)
Prior Year	$0	PriorYearAmt
Current Year	$0	CurrentYearAmt

Adjusted FMV Less Indebtedness AdjustedFMVLessIndebtednessGrp

Field	Value	IRS element (for citing)
Prior Year	$4,666,705,368	PriorYearAmt
Current Year	$4,872,679,567	CurrentYearAmt

Cash Deemed Charitable CashDeemedCharitableGrp

Field	Value	IRS element (for citing)
Prior Year	$70,000,581	PriorYearAmt
Current Year	$73,090,194	CurrentYearAmt

Net Vl Non Exempt Use Assets NetVlNonExemptUseAssetsGrp

Field	Value	IRS element (for citing)
Prior Year	$4,596,704,787	PriorYearAmt
Current Year	$4,799,589,373	CurrentYearAmt

Pct Of Net Vl Non Exempt Use Ast PctOfNetVlNonExemptUseAstGrp

Field	Value	IRS element (for citing)
Prior Year	$160,884,668	PriorYearAmt
Current Year	$167,985,628	CurrentYearAmt

Recoveries PY Distri Min Asset RecoveriesPYDistriMinAssetGrp

Field	Value	IRS element (for citing)
Prior Year	$42,276	PriorYearAmt
Current Year	$0	CurrentYearAmt

Total Minimum Asset TotalMinimumAssetGrp

Field	Value	IRS element (for citing)
Prior Year	$160,926,944	PriorYearAmt
Current Year	$167,985,628	CurrentYearAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
CY Adj Net Income Distributable	$77,962,429	CYAdjNetIncomeDistributableAmt
CY Pct85 Adjusted Net Income	$66,268,065	CYPct85AdjustedNetIncomeAmt
CY Total Min Ast Distributable	$160,926,944	CYTotalMinAstDistributableAmt
CY Greater Adjusted Minimum	$160,926,944	CYGreaterAdjustedMinimumAmt
CY Income Tax Imposed PY	$0	CYIncomeTaxImposedPYAmt
CY Distributable As Adjusted	$160,926,944	CYDistributableAsAdjustedAmt

Distributions DistributionsGrp

Field	Value	IRS element (for citing)
CY Paid Accomplish Exempt Prps	$167,021,409	CYPaidAccomplishExemptPrpsAmt
CY Pd In Excess Income Activity	$0	CYPdInExcessIncomeActivityAmt
CY Administrative Expense Paid	$19,191,422	CYAdministrativeExpensePaidAmt
Exempt Use Assets Acquis Paid	$0	ExemptUseAssetsAcquisPaidAmt
Qualified Set Aside	$0	QualifiedSetAsideAmt
CY Other Distributions	$0	CYOtherDistributionsAmt
CY Total Annual Distributions	$186,212,831	CYTotalAnnualDistributionsAmt
CY Distri Attentive Suprt Org	$167,021,409	CYDistriAttentiveSuprtOrgAmt
CY Distributable As Adjusted	$160,926,944	CYDistributableAsAdjustedAmt
CY Distribution Yr	100.000000000000	CYDistributionYrRt

Distribution Allocations DistributionAllocationsGrp

Field	Value	IRS element (for citing)
CY Distributable As Adjusted	$160,926,944	CYDistributableAsAdjustedAmt
Underdistributions	$0	UnderdistributionsAmt
Excess Distribution Cyov Yr5	$0	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$0	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$0	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$0	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$66,461,020	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$66,461,020	TotalExcessDistributionCyovAmt
Cyov Applied Underdistri PY	$0	CyovAppliedUnderdistriPYAmt
Cyov Applied Underdistr CPY	$66,461,020	CyovAppliedUnderdistrCPYAmt
Carryover PY Not Applied	$0	CarryoverPYNotAppliedAmt
Excess Distribution Cyov	$0	ExcessDistributionCyovAmt
CY Total Annual Distributions	$186,212,831	CYTotalAnnualDistributionsAmt
CY Distrib App Underdistri PY	$0	CYDistribAppUnderdistriPYAmt
CY Distri App Distributable	$94,465,924	CYDistriAppDistributableAmt
Excess Distribution	$91,746,907	ExcessDistributionAmt
Remaining Underdistri PY	$0	RemainingUnderdistriPYAmt
Remaining Underdistri CY	$0	RemainingUnderdistriCYAmt
Excess Distri Cyov To Next Yr	$91,746,907	ExcessDistriCyovToNextYrAmt
Excess From Year5	$0	ExcessFromYear5Amt
Excess From Year4	$0	ExcessFromYear4Amt
Excess From Year3	$0	ExcessFromYear3Amt
Excess From Year2	$0	ExcessFromYear2Amt
Excess From Year1	$91,746,907	ExcessFromYear1Amt

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE A, PART I LINE 12G	DUE TO SPACE CONSTRAINTS ON THE SCHEDULE, THE NAMES OF THE DESIGNATED SUPPORTED ORGANIZATIONS WERE ABBREVIATED. ABBREVIATIONS USED HAVE THE FOLLOWING MEANINGS FOR BOTH SCHEDULE A AND SCHEDULE R: ARC NATIONAL - THE AMERICAN NATIONAL RED CROSS, INCLUDING FOR THE BENEFIT OF ITS SAN DIEGO AND IMPERIAL COUNTIES CHAPTER AND ITS INTERNATIONAL SERVICES DEPARTMENT ASI - THE AMERICAN SWEDISH INSTITUTE IDYLLWILD - IDYLLWILD ARTS FOUNDATION KPBS - SAN DIEGO STATE UNIVERSITY, FOR THE BENEFIT OF KPBS MINGEI - MINGEI INTERNATIONAL, INC. YMCA OF THE USA - NATIONAL COUNCIL OF YOUNG MEN'S CHRISTIAN ASSOCIATIONS OF THE UNITED STATES OF AMERICA, DOING BUSINESS AS YMCA NMAI - SMITHSONIAN INSTITUTION, FOR THE BENEFIT OF THE NATIONAL MUSEUM OF THE AMERICAN INDIAN PBS - PUBLIC BROADCASTING SERVICE PMG - PUBLIC MEDIA GROUP OF SOUTHERN CALIFORNIA SA CA - THE SALVATION ARMY, A CALIFORNIA CORPORATION, FOR THE BENEFIT OF ITS CALIFORNIA SOUTH DIVISION SA NATIONAL - THE SALVATION ARMY NATIONAL CORPORATION SAR - SCHOOL FOR ADVANCED RESEARCH SDHS - SAN DIEGO HUMANE SOCIETY AND S.P.C.A. ST. PAUL'S - ST. PAUL'S EPISCOPAL HOME, INC. TNC - THE NATURE CONSERVANCY
SCHEDULE A, PART IV, SECTION D, LINE 2	SCHEDULE A, PART IV, SECTION D, LINE 2 ANNE RAY FOUNDATION'S PRIMARY CHARITABLE ACTIVITY IS SUPPORTING ITS DESIGNATED SUPPORTED ORGANIZATIONS, AS STATED IN ITS ARTICLES. THE OFFICERS AND DIRECTORS OF ANNE RAY FOUNDATION MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE OFFICERS, DIRECTORS OR TRUSTEES OF THE DESIGNATED SUPPORTED ORGANIZATIONS. THIS IS DONE, IN PART, BY ANNUAL MEETINGS THAT ANNE RAY FOUNDATION'S PRESIDENT AND CFO HAVE WITH THEIR COUNTERPARTS AT EACH OF THE DESIGNATED SUPPORTED ORGANIZATIONS. ADDITIONALLY, ANNE RAY FOUNDATION PROGRAM STAFF COMMUNICATE ON A REGULAR BASIS WITH THEIR COUNTERPARTS AT THE DESIGNATED SUPPORTED ORGANIZATIONS THROUGHOUT THE YEAR, FURTHER SUPPORTING THE CLOSE AND CONTINUOUS RELATIONSHIP. INFORMATION FROM THESE COMMUNICATION CHANNELS, INCLUDING BOTH CEO AND CFO VISITS, IS DOCUMENTED AND SIGNIFICANT UPDATES ARE SHARED AMONG ANNE RAY FOUNDATION'S STAFF, PROGRAM COMMITTEES, AND BOARD MEMBERS THROUGHOUT THE YEAR ON A FORMAL AND INFORMAL BASIS.
SCHEDULE A, PART IV, SECTION D, LINE 3	THE DESIGNATED SUPPORTED ORGANIZATIONS ARE IN REGULAR AND CONTINUOUS CONTACT WITH ANNE RAY FOUNDATION. FOR EXAMPLE, THE DESIGNATED SUPPORTED ORGANIZATIONS PROVIDE PERIODIC UPDATES DURING THE YEAR THAT HIGHLIGHT THEIR CURRENT PRIORITIES AND UPCOMING SHORT-TERM AND LONG-TERM NEEDS. THE DESIGNATED SUPPORTED ORGANIZATIONS ARE ASKED TO PROVIDE INPUT ON OPPORTUNITIES TO IMPROVE THE EFFECTIVENESS OF ANNE RAY FOUNDATION'S GRANTMAKING PRACTICES AND TO SHARE OPPORTUNITIES FOR FUNDING IN AREAS OF MUTUAL INTEREST THAT ARE EXPECTED TO HAVE MEANINGFUL AND SUSTAINABLE IMPACT IN THE COMMUNITIES SERVED BY THE DESIGNATED SUPPORTED ORGANIZATIONS. IN ADDITION TO HEARING FROM THE DESIGNATED SUPPORTED ORGANIZATIONS ON THEIR STRATEGIC PRIORITIES AND CURRENT NEEDS, ANNE RAY FOUNDATION SHARES RELEVANT INFORMATION ON IMPORTANT ASPECTS OF ANNE RAY FOUNDATION'S OPERATIONS WITH EACH OF THE DESIGNATED SUPPORTED ORGANIZATIONS. ANNUALLY, ANNE RAY FOUNDATION SHARES A SUMMARY OF ITS INVESTMENT POLICY STATEMENT AND ITS INVESTMENT PERFORMANCE REPORT WITH THE DESIGNATED SUPPORTED ORGANIZATIONS TO PROVIDE KEY INFORMATION AND TRANSPARENCY ON THE GOVERNANCE AND MANAGEMENT OF ANNE RAY FOUNDATION'S ASSETS. ANNE RAY FOUNDATION ALSO PROVIDES A COPY OF THE MOST RECENTLY FILED FORM 990 AND AUDITED FINANCIAL STATEMENTS TO THE DESIGNATED SUPPORTED ORGANIZATIONS ON AN ANNUAL BASIS ALONG WITH OTHER RELEVANT ANNE RAY FOUNDATION DOCUMENTS. INFORMATION SHARED BY ANNE RAY FOUNDATION GOES BEYOND WHAT IS REQUIRED FOR THE NOTIFICATION REQUIREMENT AND IS INTENDED TO PROVIDE INFORMATION TO SUPPORT THE SIGNIFICANT VOICE THAT THE DESIGNATED SUPPORTED ORGANIZATIONS HAVE WITH RESPECT TO ANNE RAY FOUNDATION'S OPERATIONS, GRANTMAKING, AND INVESTMENTS. ANNE RAY FOUNDATION ALSO PROACTIVELY ASKS FOR INPUT FROM THE DESIGNATED SUPPORTED ORGANIZATIONS AS PART OF ITS CLOSE AND CONTINUOUS RELATIONSHIP WITH EACH ORGANIZATION AND ANNE RAY FOUNDATION INVITES DISCUSSION ON ALL INFORMATION SHARED. ANNE RAY FOUNDATION STRIVES TO ADDRESS THE NEEDS OF THE DESIGNATED SUPPORTED ORGANIZATIONS IN A WAY THAT ALIGNS WITH ITS DONOR'S PHILANTHROPIC INTENT, AS REFLECTED IN IN ANNE RAY FOUNDATION'S MISSION. CONSISTENT WITH DONOR INTENT, ANNE RAY FOUNDATION INTENDS TO BE A RESOURCE TO THE DESIGNATED SUPPORTED ORGANIZATIONS BOTH NOW AND INTO THE FUTURE.
SCHEDULE A, PART V, SECTION D, LINE 8	ANNE RAY FOUNDATION ESTABLISHES ATTENTIVENESS THROUGH GRANTMAKING THAT IS SIGNIFICANT, EITHER ON A RELATIVE OR AN ABSOLUTE BASIS, AND FOLLOWS INTERNALLY DEVELOPED GUIDELINES FOR ESTABLISHING ATTENTIVENESS. ANNE RAY FOUNDATION PROVIDES FUNDING EARMARKED FOR A SPECIFIC PROJECT OR PROGRAM THAT IS IMPORTANT TO THE DESIGNATED SUPPORTED ORGANIZATION AND ALIGNED WITH ANNE RAY FOUNDATION'S MISSION AND VALUES. AS PART OF THE GRANTMAKING PROCESS, EACH DESIGNATED SUPPORTED ORGANIZATION CONFIRMS THAT ONE OR MORE EARMARKED PROJECTS OR PROGRAMS THAT ARE IMPORTANT TO THE DESIGNATED SUPPORTED ORGANIZATION WOULD BE MATERIALLY IMPACTED IF THERE WAS A CHANGE IN ANNE RAY FOUNDATION'S FUNDING FOR THE WORK. ADDITIONALLY, ANNE RAY FOUNDATION IS THE SINGLE LARGEST PRIVATE DONOR TO MOST, IF NOT ALL, OF ITS DESIGNATED SUPPORTED ORGANIZATIONS.

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$44,637	InvestmentCostOrOtherBasisAmt
Depreciation	$44,637	DepreciationAmt
Book Value	$0	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$0	TotalBookValueLandBuildingsAmt

Financial Derivatives FinancialDerivativesGrp

Field	Value	IRS element (for citing)
Book Value	$15,251,410	BookValueAmt
Method Valuation	F	MethodValuationCd

Other Securities OtherSecuritiesGrp (5 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PRIVATE CREDIT FUNDS	$344,119,932	F
CREDIT FUNDS	$881,873,774	F
REAL ASSET FUNDS	$983,495,539	F
EQUITY FUNDS	$1,040,732,836	F
PRIVATE EQUITY FUNDS	$1,097,132,080	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$4,362,605,571	TotalBookValueSecuritiesAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$288,957,665	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$191,945,312	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$191,945,312	RevenueNotReportedAmt
Revenue Subtotal	$97,012,353	RevenueSubtotalAmt
Investment Expenses Not Incld	$21,134,041	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$34,939,796	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$56,073,837	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$153,086,190	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$153,320,052	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$153,320,052	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$21,134,041	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	-$1,638,233	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$19,495,808	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$172,815,860	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	ANNE RAY HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND, ACCORDINGLY, IS GENERALLY NOT SUBJECT TO INCOME TAX. HOWEVER, ANNE RAY IS SUBJECT TO TAXES ON UNRELATED TRADE OR BUSINESS INCOME. ANNE RAY HAS ADOPTED GUIDANCE REGARDING THE RECOGNITION OF UNCERTAIN TAX POSITIONS. ANNE RAY BELIEVES IT HAS APPROPRIATE SUPPORT FOR UNRELATED TRADE OR BUSINESS POSITIONS AND, AS A RESULT, DOES NOT HAVE UNCERTAIN TAX POSITIONS THAT HAVE A MATERIAL IMPACT ON ITS CONSOLIDATED FINANCIAL STATEMENTS.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	BOOK AND TAX TIMING DIFFERENCES RELATED TO INVESTMENT INCOME 34,939,796.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	OTHER BOOK-TAX ADJUSTMENTS TO OTHER EXPENSES -1,638,233.
PART VII, LINE 1	BOOK VALUE OF FINANCIAL DERIVATIVES REFLECTS THE UNSETTLED AMOUNTS (VARIATION MARGIN) AS OF DECEMBER 31 RELATED TO SWAPS, OPTIONS AND FOREIGN CURRENCY CONTRACTS POSITIONS HELD BY THE REPORTING ORGANIZATION.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (10 entries)

RegionRegionTxt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	0	VALUE OF INVESTED ASSETS	N/A	$177,433,065
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	0	VALUE OF INVESTED ASSETS	N/A	$325,152,265
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	0	VALUE OF INVESTED ASSESTS	N/A	$90,620,845
CENTRAL AMERICAN AND THE CARIBBEAN	0	VALUE OF INVESTED ASSETS	N/A	$1,418,975,835
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	0	INVESTMENT MANAGEMENT SERVICES	N/A	$1,257,595
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	11	PROGRAM & INVESTMENT SERVICES	SITE VISITS	$24,913
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	13	PROGRAM & INVESTMENT SERVICES	SITE VISITS	$34,774
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	1	PROGRAM SERVICES	SITE VISITS	$22,889
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	2	PROGRAM SERVICES	SITE VISITS	$2,096
CENTRAL AMERICAN AND THE CARIBBEAN	17	PROGRAM SERVICES	SITE VISITS	$52,923

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	25	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	19	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	44	TotalEmployeeCnt
Subtotal Spent	$2,013,522,181	SubtotalSpentAmt
Continuation Spent	$55,019	ContinuationSpentAmt
Total Spent	$2,013,577,200	TotalSpentAmt
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (1)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 3	FormAndLineReferenceDesc
Explanation	ANNE RAY FOUNDATION AWARDS GRANTS TO ITS DESIGNATED SUPPORTED ORGANIZATIONS ALL OF WHICH ARE U.S. ORGANIZATIONS. IN 2024, ANNE RAY FOUNDATION STAFF AND BOARD PARTICIPATED IN SITE VISITS WITH STAFF FROM DESIGNATED SUPPORTED ORGANIZATIONS, SOME OF WHICH REQUIRED TRAVEL OUTSIDE THE U.S. IN ADDITION, ANNE RAY FOUNDATION INVESTMENT STAFF TRAVELED OUTSIDE THE U.S. FOR SEVERAL MANAGER VISITS IN 2024. IF PERSONS TRAVELED TO A REGION MORE THAN ONCE DURING THE YEAR, THE PERSON IS ONLY COUNTED ONCE FOR PURPOSES OF DISCLOSING THE NUMBER OF EMPLOYEES IN A REGION. EXPENSES FOR PROGRAM SITE VISITS INCLUDE CERTAIN EXPENSES PAID BY ANNE RAY FOUNDATION TO SUPPORT TRAVEL BY STAFF AT A DESIGNATED SUPPORTED ORGANIZATION.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (108 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt	Address Line2USAddress/AddressLine2Txt
AMERICAN NATIONAL RED CROSS
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$300,000	$0	BUILDING AND STRENGTHENING OPERATIONAL READINESS IN THE MIDWEST REGION
AMERICAN NATIONAL RED CROSS
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$1,320,000	$0	SUSTAINABILITY AND ESG MANAGEMENT SYSTEM
AMERICAN NATIONAL RED CROSS
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$1,300,000	$0	SUPPORT FOR LOW-ATTENTION DOMESTIC DISASTERS
AMERICAN NATIONAL RED CROSS
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$500,000	$0	DEVELOPING LEADERS AND A COMPETENT WORKFORCE
AMERICAN NATIONAL RED CROSS
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$750,000	$0	SUPPORT FOR AQUATICS CENTENNIAL CAMPAIGN
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$500,000	$0	SUPPORT FOR COMMUNITIES READY TO ACT PROJECT INDONESIA
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$920,000	$0	ENHANCING COMMUNITY PREPAREDNESS AND INSTITUTIONAL READINESS IN BANGLADESH
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$540,000	$0	DISASTER RISK REDUCTION IN CERTAIN MUNICIPALITIES IN EL SALVADOR
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$757,000	$0	STRENGTHENING ACTIONS FOR FOSTERING RESILIENCE AND READINESS IN NEPAL
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$1,000,000	$0	SUPPORT FOR GLOBAL TOOLS TO ADDRESS EMERGING COMMUNITY NEEDS
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$1,200,000	$0	SUPPORT FOR DISASTER READINESS AND RESPONSE IN THE PHILIPPINES
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$1,345,000	$0	STRENGTHENING DISASTER READINESS AND RESPONSE IN TIMOR-LESTE
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$2,000,000	$0	STRENGTHENING DISASTER PREPAREDNESS AND RESPONSE CAPACITY IN GUATEMALA
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$1,545,000	$0	SUPPORT FOR BUILDING ENVIORNMENTAL RESILIENCE IN THE PACIFIC
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$440,000	$0	CAPACITY BUILDING SUPPORT
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$4,000,000	$0	SUPPORT FOR ENHANCED RESPONSE READINESS
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$3,833,000	$0	SUPPORT FOR UNDERFUNDED DISASTERS
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$1,500,000	$0	SUPPORT FOR ENHANCING ENVIRONMENTAL RISK REDUCTION IN COX'S BAZAR CAMP SETTLEMENT
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$500,000	$0	GENERAL OPERATING SUPPORT
AMERICAN NATIONAL RED CROSS INTERNATIONAL SERVICES DEPARTMENT
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	501(C)(3)	$4,000,000	$0	SUPPORT FOR THE MEASLES AND RUBELLA INITIATIVE
AMERICAN NATIONAL RED CROSS SAN DIEGO AND IMPERIAL COUNTIES
3950 CALLE FORTUNADA	SAN DIEGO	CA	921231027	530196605	501(C)(3)	$250,000	$0	SUPPORT FOR INITIATIVES IN SAN DIEGO AND IMPERIAL COMMUNITIES
AMERICAN NATIONAL RED CROSS SAN DIEGO AND IMPERIAL COUNTIES
3950 CALLE FORTUNADA	SAN DIEGO	CA	921231027	530196605	501(C)(3)	$814,000	$0	SUPPORT FOR SERVING THE ARMED FORCES AND DISASTER SERVICES
AMERICAN NATIONAL RED CROSS SAN DIEGO AND IMPERIAL COUNTIES
3950 CALLE FORTUNADA	SAN DIEGO	CA	921231027	530196605	501(C)(3)	$415,000	$0	SUPPORT FOR VOLUNTEER AND YOUTH ENGAGEMENT
AMERICAN SWEDISH INSTITUTE
2600 PARK AVENUE	MINNEAPOLIS	MN	55407	410711603	501(C)(3)	$900,000	$0	SUPPORT FOR STEWARDING CULTURAL INTERCONNECTION
AMERICAN SWEDISH INSTITUTE
2600 PARK AVENUE	MINNEAPOLIS	MN	55407	410711603	501(C)(3)	$1,121,409	$0	SUPPORT FOR THE TURNBLAD MANSION AND CARRIAGE HOUSE CAPITAL PROJECT
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	501(C)(3)	$1,150,000	$0	SUPPORT FOR BEREA TRADITIONAL CULTURES PROGRAM
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	501(C)(3)	$3,150,000	$0	SUPPORT FOR BUILDING MAINTENANCE
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	501(C)(3)	$2,500,000	$0	SUPPORT FOR RESIDENT HALL REMODEL AND PLANNING
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	501(C)(3)	$500,000	$0	GENERAL OPERATING SUPPORT
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	501(C)(3)	$1,080,000	$0	SUPPORT FOR ALUMNI, COMMUNICATIONS AND PHILANTHROPY INFRASTRUCTURE
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	501(C)(3)	$8,500,000	$0	SUPPORT FOR STUDENT BRIDGE SUPPORT PROGRAMMING
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	501(C)(3)	$318,000	$0	SUPPORT FOR PROJECT AND GRANT MANAGEMENT
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	501(C)(3)	$1,067,000	$0	SUPPORT FOR STUDENT RECRUITMENT AND WELLNESS NEEDS
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	501(C)(3)	$485,000	$0	CAPACITY BUILDING FOR INSTITUTIONAL STRATEGY AND COMMUNICATIONS
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	501(C)(3)	$350,000	$0	SUPPORT FOR BEREA EDUCATION STUDIES PROGRAMMING
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	501(C)(3)	$200,000	$0	SUPPORT FOR BEREA'S TEACHING KENTUCKY CULTURAL HERITAGE
IDYLLWILD ARTS FOUNDATION
PO BOX 38 52500 TEMECULA ROAD	IDYLLWILD	CA	92549	951801279	501(C)(3)	$293,000	$0	SUPPORT FOR EDUCATIONAL PROGRAMS & SCHOLARSHIPS
IDYLLWILD ARTS FOUNDATION
PO BOX 38 52500 TEMECULA ROAD	IDYLLWILD	CA	92549	951801279	501(C)(3)	$109,000	$0	SUPPORT FOR PROGRAMMING AT ITS NATIVE AMERICAN ARTS CENTER
IDYLLWILD ARTS FOUNDATION
PO BOX 38 52500 TEMECULA ROAD	IDYLLWILD	CA	92549	951801279	501(C)(3)	$730,000	$0	CAPACITY BUILDING FOR ORGANIZATIONAL RESTRUCTURING
MINGEI INTERNATIONAL MUSEUM
1439 EL PRADO	SAN DIEGO	CA	92101	237433357	501(C)(3)	$300,000	$0	SUPPORT FOR KEY CAPITAL AND STAFF INITIATIVES
MINGEI INTERNATIONAL MUSEUM
1439 EL PRADO	SAN DIEGO	CA	92101	237433357	501(C)(3)	$500,000	$0	GENERAL OPERATING SUPPORT
MINGEI INTERNATIONAL MUSEUM
1439 EL PRADO	SAN DIEGO	CA	92101	237433357	501(C)(3)	$716,000	$0	SUPPORTING PROGRAMS AND BUSINESS CONTINUITY
MINGEI INTERNATIONAL MUSEUM
1439 EL PRADO	SAN DIEGO	CA	92101	237433357	501(C)(3)	$184,000	$0	SUPPORT FOR KEY ARTS CONTENT, EXHIBITIONS, AND CURATORIAL PROGRAM
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$1,000,000	$0	SUPPORT FOR MODERNIZING BROADCAST OPERATIONS
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$1,000,000	$0	SUPPORT FOR PROGRAMMING: EXPRESS WAY WITH DULE HILL
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$1,200,000	$0	SUPPORT FOR PROGRAMMING: WEATHER HUNTERS SERIES FOR PBS KIDS
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$5,000,000	$0	SUPPORT FOR PROGRAMMING: PBS EARTH IV
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$1,155,000	$0	SUPPORT FOR PBS KIDS BRAND REFRESH
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$2,700,000	$0	SUPPORT FOR PBS KIDS DIGITAL OPTIMIZATION
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$1,000,000	$0	SUPPORT FOR PBS NATIONAL AND LOCAL ENGAGEMENT ON ENVIRONMENTAL RESILIENCE
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$3,100,000	$0	SUPPORT FOR EMERGING PLATFORMS AND DIGITAL EXPERIENCES
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$500,000	$0	SUPPORT FOR STREAMLINING STATION PLATFORMS
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$2,845,000	$0	SUPPORT FOR DATA PRIVACY, TRANSPARENCY, AND TRUST
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$3,500,000	$0	SUPPORT FOR PROGRAMMING: PBS EARTH V
PUBLIC BROADCASTING SERVICE (PBS)
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	501(C)(3)	$1,000,000	$0	SUPPORT FOR PROGRAMMING: CREATIVE VOICES II
PUBLIC MEDIA GROUP OF SOUTHERN CALIFORNIA
2900 WEST ALAMEDA AVENUE SUITE 600	BURBANK	CA	91505	952211661	501(C)(3)	$250,000	$0	SUPPORT FOR PROGRAMMING IN SOUTHERN CALIFORNIA
PUBLIC MEDIA GROUP OF SOUTHERN CALIFORNIA
2900 WEST ALAMEDA AVENUE SUITE 600	BURBANK	CA	91505	952211661	501(C)(3)	$3,100,000	$0	SUPPORT FOR MODERNIZING TECHNOLOGY AND STUDIO EQUIPMENT
SAN DIEGO HUMANE SOCIETY & SPCA
5500 GAINES STREET	SAN DIEGO	CA	92110	951661688	501(C)(3)	$700,000	$0	SUPPORT FOR PROJECT WILDLIFE
SAN DIEGO HUMANE SOCIETY & SPCA
5500 GAINES STREET	SAN DIEGO	CA	92110	951661688	501(C)(3)	$1,875,000	$0	SUPPORT FOR INTAKE DIVERSION PROGRAMS
SAN DIEGO HUMANE SOCIETY & SPCA
5500 GAINES STREET	SAN DIEGO	CA	92110	951661688	501(C)(3)	$250,000	$0	SUPPORT FOR FACILITIES PLANNING AND CONSTRUCTION
SAN DIEGO HUMANE SOCIETY & SPCA
5500 GAINES STREET	SAN DIEGO	CA	92110	951661688	501(C)(3)	$2,191,500	$0	SUPPORT FOR EXCEPTIONAL CARE FOR SHELTER ANIMALS
SAN DIEGO STATE UNIVERSITY - (KPBS)
5200 CAMPANILE DRIVE	SAN DIEGO	CA	921825400	330373293	501(C)(3)	$1,194,000	$0	SUPPORT FOR PROGRAMMING AT KPBS
SAN DIEGO STATE UNIVERSITY - (KPBS)
5200 CAMPANILE DRIVE	SAN DIEGO	CA	921825400	330373293	501(C)(3)	$105,000	$0	SUPPORT FOR KPBS ENGAGEMENT
SAN DIEGO STATE UNIVERSITY - (KPBS)
5200 CAMPANILE DRIVE	SAN DIEGO	CA	921825400	330373293	501(C)(3)	$265,000	$0	SUPPORT FOR KPBS STAFF DEVELOPMENT
SAN DIEGO STATE UNIVERSITY - (KPBS)
5200 CAMPANILE DRIVE	SAN DIEGO	CA	921825400	330373293	501(C)(3)	$140,000	$0	SUPPORT FOR KPBS ENTERPRISE MARKETING INITIATIVE
SCHOOL FOR ADVANCED RESEARCH
PO BOX 2188	SANTA FE	NM	87504	850125045	501(C)(3)	$200,000	$0	SUPPORT FOR STAFF TRANSITION, FUNDRAISING LEADERSHIP DEVELOPMENT
SCHOOL FOR ADVANCED RESEARCH
PO BOX 2188	SANTA FE	NM	87504	850125045	501(C)(3)	$150,000	$0	SUPPORT FOR UPDATES FOR IMPROVED SECURITY, EFFICIENCY, AND ACCESSIBILITY
SCHOOL FOR ADVANCED RESEARCH
PO BOX 2188	SANTA FE	NM	87504	850125045	501(C)(3)	$575,000	$0	PROMOTING SOUTHWEST TRADITIONAL INTERGENERATIONAL TRANSFER OF ARTS AND KNOWLEDGE
SCHOOL FOR ADVANCED RESEARCH
PO BOX 2188	SANTA FE	NM	87504	850125045	501(C)(3)	$500,000	$0	GENERAL OPERATING SUPPORT
SMITHSONIAN INSTITUTION (NMAI)
OFFICE OF SPONSORED PROJECTS PO BOX	WASHINGTON	DC	200137012	530206027	501(C)(3)	$2,025,000	$0	SUPPORT TO INCREASE OUTREACH, ACCESS TO COLLECTIONS, AND COMMUNITY KNOWLEDGE	37012 MRC 1205
ST PAUL'S EPISCOPAL HOME
328 MAPLE STREET	SAN DIEGO	CA	92103	952111196	501(C)(3)	$450,000	$0	SUPPORT FOR ITS EXTENSIVE CARE MANAGEMENT PLANNING
ST PAUL'S EPISCOPAL HOME
328 MAPLE STREET	SAN DIEGO	CA	92103	952111196	501(C)(3)	$500,000	$0	SUPPORT FOR ST. PAUL'S REGISTERED NURSE RESIDENCY PROGRAM
ST PAUL'S EPISCOPAL HOME
328 MAPLE STREET	SAN DIEGO	CA	92103	952111196	501(C)(3)	$218,500	$0	SUPPORT FOR REAL PROPERTY STRATEGIC PLANNING
ST PAUL'S EPISCOPAL HOME
328 MAPLE STREET	SAN DIEGO	CA	92103	952111196	501(C)(3)	$500,000	$0	GENERAL OPERATING SUPPORT
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$1,250,000	$0	SUPPORTING CONSERVATION, LIVELIHOODS AND RESILIENCE IN COASTAL ECOSYSTEMS
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$3,300,000	$0	SUPPORTING CONSERVATION IN FRESHWATER ECOSYSTEMS IN AFRICA AND SOUTH AMERICA
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$1,400,000	$0	SUPPORTING CONSERVATION IN CRITICAL GRASSLAND ECOSYSTEMS
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$600,000	$0	SUPPORT FOR BUSINESS SYSTEMS TO FACILITATE ADAPTIVE MANAGEMENT
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$600,000	$0	SUPPORT FOR THE GREAT BEAR REGION
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$5,675,000	$0	BUILDING TNCS CAPACITY FOR TRADITIONAL AND COMMUNITY CONSERVATION
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$6,000,000	$0	BUILDING MONITORING, EVALUATION, AND LEARNING CAPACITY FOR CONSERVATION IMPACT
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$2,540,000	$0	SUPPORTING CONSERVATION THROUGH VOICE, CHOICE AND ACTION
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$3,960,000	$0	SUPPORTING CONSERVATION IN TROPICAL FORESTS LANDSCAPES
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$1,200,000	$0	SUPPORTING CONSERVATION, LIVELIHOODS AND RESILIENCE IN THE HUMBOLDT CURRENT
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$1,280,000	$0	SUPPORTING COASTAL CONSERVATION IN INDONESIA
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$1,000,000	$0	SUPPORTING CONSERVATION AND SUSTAINABLE COASTAL HABITATS IN MICRONESIA
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$750,000	$0	SUPPORTING CONSERVATION ACROSS THE NORTHERN GREAT PLAINS
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$1,300,000	$0	SUPPORTING CONSERVATION IN MONGOLIA
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$2,145,000	$0	SUPPORTING CONSERVATION MANAGEMENT IN NORTHERN AUSTRALIA
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$2,500,000	$0	SUPPORT FOR BUFFALO RESTORATION AND LAND REMATRIATION
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$2,000,000	$0	SUPPORT FOR THE DAKOTA PARTNERSHIP
THE NATURE CONSERVANCY
4245 NORTH FAIRFAX DR SUITE 100	ARLINGTON	VA	222031606	530242652	501(C)(3)	$750,000	$0	SUPPORTING ENVIRONMENTAL AND HUMANITARIAN COLLABORATION
THE SALVATION ARMY NATIONAL CORPORATION
615 SLATERS LANE	ALEXANDRIA	VA	22314	222406433	501(C)(3)	$3,000,000	$0	SUPPORT FOR ITS NATIONAL DATA WAREHOUSE AND MANAGEMENT
THE SALVATION ARMY NATIONAL CORPORATION
615 SLATERS LANE	ALEXANDRIA	VA	22314	222406433	501(C)(3)	$2,000,000	$0	SUPPORT FOR ITS DIGITAL VOLUNTEERISM PLATFORM
THE SALVATION ARMY NATIONAL CORPORATION
615 SLATERS LANE	ALEXANDRIA	VA	22314	222406433	501(C)(3)	$3,000,000	$0	SUPPORT FOR THE PATHWAY OF HOPE PROGRAM
THE SALVATION ARMY A CALIFORNIA CORPORATION (CALIFORNIA SOUTH DIVISION)
6605 UNIVERSITY AVENUE	SAN DIEGO	CA	92115	941156347	501(C)(3)	$500,000	$0	STRENGTHEN STRATEGIC IMPACT WITH ENHANCED SYSTEMS AND TOOLS
THE SALVATION ARMY A CALIFORNIA CORPORATION (CALIFORNIA SOUTH DIVISION)
6605 UNIVERSITY AVENUE	SAN DIEGO	CA	92115	941156347	501(C)(3)	$1,050,000	$0	SUPPORT FOR SENIOR NUTRITION, FAMILY AND HOMELESS SERVICES PROGRAMS
THE SALVATION ARMY A CALIFORNIA CORPORATION (CALIFORNIA SOUTH DIVISION)
6605 UNIVERSITY AVENUE	SAN DIEGO	CA	92115	941156347	501(C)(3)	$1,500,000	$0	SUPPORT FOR YOUTH CAMPS, ARTS AND LITERACY PROGRAMS
THE SALVATION ARMY A CALIFORNIA CORPORATION (CALIFORNIA SOUTH DIVISION)
6605 UNIVERSITY AVENUE	SAN DIEGO	CA	92115	941156347	501(C)(3)	$900,000	$0	CAPITAL SUPPORT FOR THE SAN DIEGO REGIONAL EMERGENCY OPERATIONS CENTER
YMCA OF THE USA
101 N WACKER DRIVE	CHICAGO	IL	606061784	363258696	501(C)(3)	$2,000,000	$0	SUPPORTING ITS CAMP BRAND INTEGRATION
YMCA OF THE USA
101 N WACKER DRIVE	CHICAGO	IL	606061784	363258696	501(C)(3)	$2,000,000	$0	SUPPORTING MEMBERSHIP EXPANSION
YMCA OF THE USA
101 N WACKER DRIVE	CHICAGO	IL	606061784	363258696	501(C)(3)	$1,000,000	$0	SUPPORT TO DEVELOP A YMCA HEALTHY AGING PRACTICE PROCESS
YMCA OF THE USA
101 N WACKER DRIVE	CHICAGO	IL	606061784	363258696	501(C)(3)	$3,000,000	$0	SUPPORT FOR ITS LEARNING PLATFORM DEVELOPMENT
YMCA OF THE USA
101 N WACKER DRIVE	CHICAGO	IL	606061784	363258696	501(C)(3)	$5,000,000	$0	SUPPORT FOR ITS BUSINESS MODEL OPTIMIZATION
YMCA OF THE USA
101 N WACKER DRIVE	CHICAGO	IL	606061784	363258696	501(C)(3)	$1,675,000	$0	SUPPORT FOR THE STRATEGIC INITIATIVES FUND
YMCA OF THE USA
101 N WACKER DRIVE	CHICAGO	IL	606061784	363258696	501(C)(3)	$2,575,000	$0	SUPPORTING HIGH-QUALITY AND INCLUSIVE YMCA OVERNIGHT CAMP FACILITIES
YMCA OF THE USA
101 N WACKER DRIVE	CHICAGO	IL	606061784	363258696	501(C)(3)	$4,000,000	$0	SUPPORT FOR THE WATER SAFETY INITIATIVE
YMCA OF THE USA
101 N WACKER DRIVE	CHICAGO	IL	606061784	363258696	501(C)(3)	$2,500,000	$0	SUPPORT FOR CAMP ACCESS

Field	Value	IRS element (for citing)
Total501c3 Org	16	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	THE REPORTING ORGANIZATION GENERALLY MONITORS USE OF FUNDS BY REQUIRING ITS DESIGNATED SUPPORTED ORGANIZATIONS TO REPORT ON USE OF GRANT FUNDS AS WELL AS PROGRESS MADE ON SUPPORTED PROJECTS. THESE REPORTS ARE MADE IN ACCORDANCE WITH THE GRANT PROPOSALS AND GRANT AGREEMENTS. STAFF REVIEW REPORTS AND STATEMENTS CERTIFYING USE OF FUNDS FOR APPROVED CHARITABLE PURPOSES. ANNE RAY FOUNDATION MAINTAINS THE DISCRETION TO REQUIRE RETURN OF FUNDS NOT USED FOR THE PURPOSE OF THE GRANT.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Idemnification Gross Up Pmts	Yes (X)	IdemnificationGrossUpPmtsInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (1)	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
CHRISTINE MORSE
BOARD CHAIR	$83,620	$105,280	$0	$0	$0	$0	$0	$0	$0	$0	$83,620	$105,280	$0	$0
HEATHER KUKLA
PRESIDENT	$0	$823,919	$0	$0	$0	$73,730	$0	$129,354	$0	$51,054	$0	$1,078,057	$0	$34,525
NAOMI HORSAGER
TREASURER/CFO	$0	$557,753	$0	$0	$0	$74,229	$0	$89,639	$0	$50,638	$0	$772,259	$0	$34,729
ELIZABETH BORER
SECRETARY/GEN COUNSEL	$0	$399,038	$0	$0	$0	$25,736	$0	$64,593	$0	$35,566	$0	$524,933	$0	$0
KURIAN THOMAS
VP OF PROGRAMS	$0	$416,822	$0	$0	$0	$27,417	$0	$67,916	$0	$55,059	$0	$567,214	$0	$0
SHAWN WISCHMEIER
CHIEF INVESTMENT OFFICER	$0	$930,294	$0	$1,469,400	$0	$201,226	$0	$365,543	$0	$49,096	$0	$3,015,559	$0	$166,742
MICHAEL RUETZ
DEPUTY CIO/INVESTMENT DIR.	$0	$631,982	$0	$745,900	$0	$91,439	$0	$208,394	$0	$49,596	$0	$1,727,311	$0	$74,473
MATTHEW MINNIS
INVESTMENT DIRECTOR	$0	$487,724	$0	$598,500	$0	$83,351	$0	$167,775	$0	$34,449	$0	$1,371,799	$0	$48,566
RODNEY OVERCASH
INVESTMENT DIRECTOR	$0	$520,508	$0	$594,800	$0	$70,917	$0	$168,595	$0	$33,859	$0	$1,388,679	$0	$55,086
TRICIA SCRIVNER
INVESTMENT DIRECTOR	$0	$493,374	$0	$578,200	$0	$86,589	$0	$165,806	$0	$35,979	$0	$1,359,948	$0	$53,331
CHRISTOPHER VOGT
INVESTMENT DIRECTOR	$0	$490,344	$0	$578,200	$0	$88,250	$0	$165,806	$0	$51,699	$0	$1,374,299	$0	$54,020

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A	PERSONS LISTED ON PART VII WHO WERE REQUIRED TO TRAVEL INTERNATIONALLY DURING THE 2024 TAX YEAR HAD THE OPTION TO TRAVEL IN A FARE CLASS ABOVE COACH FARE, CONSISTENT WITH THE EXPENSE REIMBURSEMENT POLICY APPLICABLE TO ALL STAFF AND DIRECTORS. ALL EMPLOYEES INCLUDING THOSE REPORTED IN PART VII ALSO RECEIVED A TAX GROSS-UP RELATED TO THE COST OF LONG-TERM DISABILITY PREMIUMS.
PART I, LINE 3	THE BOARDS OF ANNE RAY FOUNDATION AND MARGARET A. CARGILL FOUNDATION ESTABLISHED A JOINT, INDEPENDENT COMPENSATION COMMITTEE. SEE STATEMENT INCLUDED WITH SCH O FOR DETAILED INFORMATION ON CEO/EXECUTIVE DIRECTOR COMPENSATION AS REQUIRED BY BOTH FORM 990, PART VII AND SCHEDULE J.
PART I, LINE 4B	MARGARET A. CARGILL FOUNDATION, A RELATED ORGANIZATION, SPONSORS AN UNFUNDED, NON-QUALIFIED DEFERRED COMPENSATION PLAN ("THE RESTORATION PLAN") UNDER INTERNAL REVENUE CODE SECTION 457(F) FOR THE PURPOSE OF PROVIDING DEFERRED COMPENSATION FOR A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. THE RESTORATION PLAN PROVIDES DEFERRED COMPENSATION BENEFITS FOR PARTICIPANTS WHO COULD NOT FULLY MATCH CONTRIBUTIONS TO QUALIFIED DEFINED CONTRIBUTION PLANS WHICH WOULD OTHERWISE HAVE BEEN AVAILABLE BUT FOR INTERNAL REVENUE CODE LIMITS. ANNE RAY FOUNDATION APPROVES AWARDS TO THIS PLAN AS PART OF THE ANNUAL COMPENSATION SETTING AND APPROVAL PROCESSES. AMOUNTS DEFERRED UNDER THE RESTORATION PLAN ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL VESTED. DURING 2024, THE FOLLOWING ARE AMOUNTS WERE DISTRIBUTED FROM THE RESTORATION PLAN TO PAY TAXES ON THE VESTED PORTION OF THE ACCOUNT. HEATHER KUKLA - $13,474 NAOMI HORSAGER - $12,517 SHAWN WISCHMEIER - $52,249 MICHAEL RUETZ - $26,716 MATT MINNIS - $17,203 RODNEY OVERCASH - $ 20,539 TRICIA SCRIVNER - $18,194 CHRISTOPHER VOGT - $18,445.40 ALSO IN 2024, THE RESTORATION PLAN DISTRIBUTED $56,930 TO PAUL BUSCH RELATED TO SERVICES PROVIDED BEFORE RETIREMENT.
PART I, LINE 7	VARIABLE COMPENSATION AWARDS WERE PROVIDED TO CERTAIN PERSONS LISTED ON PART VII AND WERE MADE FOLLOWING THE COMPENSATION DETERMINATION PROCESS DETAILED WITHIN SCHEDULE O. THESE AWARDS WERE PAID BASED ON THE VARIABLE COMPENSATION PLAN APPLICABLE TO INVESTMENT STAFF.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2	ANNE RAY FOUNDATION SHARED OPERATIONS WITH MARGARET A. CARGILL FOUNDATION (MAC FOUNDATION), A RELATED ORGANIZATION, IN PURSUIT OF THEIR SHARED VISION IN ORDER TO MAXIMIZE ASSETS AVAILABLE FOR CHARITABLE GRANTMAKING. AS PART OF THE SHARED OPERATIONS, ALL STAFF AND DIRECTORS LISTED IN PART VII ALSO SERVE AS STAFF AND DIRECTORS OF MAC FOUNDATION. OFFICERS, KEY EMPLOYEES, AND BOARD MEMBERS LISTED IN PART VII ARE DEEMED TO HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER AS DEFINED BY FORM 990 REPORTING STANDARDS.
FORM 990, PART VI, SECTION A, LINE 6	ANNE RAY FOUNDATION HAS TWO MEMBERS WHO ALSO SERVE AS DIRECTORS OF THE ORGANIZATION. MEMBERS' RIGHTS COVER GOVERNANCE AND OVERSIGHT AS DESCRIBED IN THE EXPLANATION STATEMENT PROVIDED FOR FORM 990, PART VI, SECTION A, LINE 7B. MEMBERS ARE NOT RESERVED ANY RIGHTS THAT WOULD RESULT IN A PERSONAL BENEFIT TO THE MEMBER.
FORM 990, PART VI, SECTION A, LINE 7A	THE ARTICLES AND BYLAWS PROVIDE THAT THE TWO MEMBERS SHALL HAVE THE AUTHORITY TO DESIGNATE DIRECTORS. THE MEMBERS WILL SEEK INPUT FROM OTHER DIRECTORS ON THE DESIGNATION AND ACT ON THEIR RECOMMENDATIONS ACCORDING TO THE ARTICLES AND BYLAWS.
FORM 990, PART VI, SECTION A, LINE 7B	ANNE RAY FOUNDATION'S ("ANNE RAY") ORGANIZING DOCUMENTS RESERVE CERTAIN RIGHTS FOR THE MEMBERS, SPECIFICALLY THE RIGHT TO AMEND THE BYLAWS, APPOINT COMMITTEE CHAIRS, NOMINATE COMMITTEE MEMBERS, APPROVE DOMAIN DEFINITIONS, AND OVERSEE WINDING UP THE AFFAIRS OF THE ORGANIZATION. ANNE RAY'S BOARD OF DIRECTORS ESTABLISHED TWO COMMITTEES THAT SUPPORT ITS GRANTMAKING, THE ANNE RAY PROGRAM COMMITTEE AND THE AKALOA PROGRAM COMMITTEE. THE ANNE RAY PROGRAM COMMITTEE APPROVES GRANTS; HOWEVER THEY DELEGATE APPROVAL OF SOME GRANTS TO SUBCOMMITTEES AND STAFF. IN ADDITION TO APPROVING GRANTS, THE ANNE RAY PROGRAM COMMITTEE PROVIDES OVERSIGHT ON ANNE RAY'S GRANTMAKING STRATEGIES AND PROGRAMS BY: ADVISING ON LEARNING AND EVALUATION TO ASSESS IMPACT, PARTICIPATING IN FUNDING ALLOCATION DISCUSSIONS, EVALUATING PROGRESS AGAINST ANNE RAY'S STRATEGIC PRIORITIES AND RECOMMENDING REVISIONS TO THOSE PRIORITIES TO THE ANNE RAY BOARD OF DIRECTORS. THE AKALOA PROGRAM COMMITTEE IS A STANDING COMMITTEE OF THE ANNE RAY PROGRAM COMMITTEE. THIS COMMITTEE ASSISTS THE ANNE RAY PROGRAM COMMITTEE BY SUPPORTING THE PROGRAMMATIC WORK OF ANNE RAY'S AKALOA PROGRAM. THIS COMMITTEE IS AUTHORIZED TO RECOMMEND OR APPROVE GRANTS WITHIN THE APPROVED AKALOA PROGRAM BUDGET.
FORM 990, PART VI, SECTION B, LINE 11B	THE RETURN WAS REVIEWED BY THE CFO AND INDEPENDENT CPA PAID PREPARER. BEFORE FILING WITH THE IRS, BOARD MEMBERS, AUDIT COMMITTEE MEMBERS AND OFFICERS REVIEW AND DISCUSS COPIES OF THE COMPLETE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12C	ALL OFFICERS, DIRECTORS, KEY EMPLOYEES, AND OTHER STAFF MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. ANY DISCLOSURES ARE FIRST REVIEWED BY THE LEGAL DEPARTMENT. IF NECESSARY THE PRESIDENT OR BOARD CHAIR FURTHER REVIEWS, DETERMINES WHETHER A CONFLICT EXISTS, AND DETERMINES HOW TO RESOLVE SUCH CONFLICT. ANY DIRECTOR FOUND TO HAVE A MATERIAL CONFLICT IS RESTRICTED FROM VOTING ON RELATED MATTERS AND ANNE RAY FOUNDATION'S GENERAL COUNSEL, IN CONSULTATION WITH THE PRESIDENT OR BOARD CHAIR, DETERMINES WHETHER OTHER ACTIONS ARE REQUIRED TO NEUTRALIZE THE POTENTIAL CONFLICT.
FORM 990, PART VI, SECTION B, LINE 15	FORM 990, PART VI, SECTION B, LINE 15: ANNE RAY FOUNDATION IS RELATED TO MARGARET A. CARGILL FOUNDATION (MAC FOUNDATION). MAC FOUNDATION IS THE EMPLOYER OF ALL STAFF RESPONSIBLE FOR PROVIDING SERVICES TO MAC FOUNDATION AND ANNE RAY FOUNDATION. ANNE RAY FOUNDATION REIMBURSES MAC FOUNDATION FOR ITS ALLOCABLE SHARE OF THE STAFF COSTS RELATED TO SERVICES PROVIDED TO ANNE RAY FOUNDATION. THE ANNE RAY FOUNDATION BOARD AND MAC FOUNDATION BOARD ESTABLISHED A JOINT COMPENSATION COMMITTEE. MEMBERSHIP IN THE COMPENSATION COMMITTEE IS LIMITED SO THAT ALL COMMITTEE MEMBERS ARE INDEPENDENT. THE ANNE RAY FOUNDATION BOARD AND MAC FOUNDATION BOARD ENGAGE AN INDEPENDENT CONSULTANT TO ANALYZE RELEVANT COMPARABILITY DATA AND ADVISE THE ORGANIZATIONS ON THE REASONABLENESS OF PROPOSED TOTAL REMUNERATION. THE COMPENSATION COMMITTEE'S RESPONSIBILITIES ARE TO: - RECOMMEND AND/OR APPROVE COMPENSATION FOR EXECUTIVES; - PERIODICALLY REVIEW COMPENSATION AND BENEFITS OFFERINGS AND PHILOSOPHY; - ENSURE THAT COMPENSATION APPROVALS ARE DOCUMENTED IN WRITING IN CONTEMPORANEOUS COMMITTEE MEETING MINUTES. IN DETERMINING COMPENSATION TO BE PAID FOR THE 2024 TAX YEAR, THE ORGANIZATIONS HIRED AN INDEPENDENT CONSULTANT TO ANALYZE THE REASONABLENESS OF COMPENSATION TO BE PAID TO DIRECTORS, EXECUTIVES, COMMITTEE AND CERTAIN KEY EMPLOYEES. THE REPORT WAS BASED ON PUBLISHED SURVEY DATA AS WELL AS FORM 990 DATA FOR COMPARABLE ORGANIZATIONS. THE CONSULTANT COMMUNICATED THE RESULTS OF THE REPORT DIRECTLY TO THE COMPENSATION COMMITTEE. THE COMMITTEE APPROVED COMPENSATION TO CERTAIN EXECUTIVES AND KEY EMPLOYEES, NOTING THE APPROVAL WAS BASED ON THE COMMITTEE'S DETERMINATION THAT COMPENSATION WAS REASONABLE. THE COMMITTEE THEN MADE A RECOMMENDATION FOR REVIEW AND APPROVAL BY THE BOARDS FOR COMPENSATION TO BE PAID TO CERTAIN OTHER EXECUTIVES. AFTER CONSIDERING RECOMMENDATIONS FROM THE COMPENSATION COMMITTEE, THE ANNE RAY FOUNDATION BOARD AND MAC FOUNDATION BOARD APPROVED COMPENSATION TO BOARD DIRECTORS AND CERTAIN EXECUTIVES, NOTING THE APPROVAL WAS BASED ON THE BOARDS' DETERMINATION THAT COMPENSATION WAS REASONABLE. WHEN NECESSARY, BOARD MEMBERS WERE RECUSED FROM APPROVING COMPENSATION IN ACCORDANCE WITH THE ORGANIZATIONS' CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION POSTS ITS FORM 990 AND AUDITED FINANCIAL STATEMENTS TO ITS WEBSITE FOR PUBLIC ACCESS. THE ORGANIZATION ALSO SHARED ITS FORM 990 AND AUDITED FINANCIALS DIRECTLY WITH EACH DESIGNATED SUPPORTED ORGANIZATION.
FORM 990, PART XI, LINE 9:	BOOK/TAX DIFFERENCE IN NET INCOME FROM INVESTMENTS -56,073,837. OTHER BOOK/TAX DIFFERENCE IN EXPENSE -1,638,233.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (17 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Direct Controlling NADirectControllingNACd	Controlled OrganizationControlledOrganizationInd
ARC NATIONAL
431 18TH STREET NW	WASHINGTON	DC	20006	530196605	EMERGENCY RESPONSE AND PREVENTION	DC	501(C)(3)	7	N/A	0
ASI
2600 PARK AVENUE	MINNEAPOLIS	MN	55407	410711603	PROMOTE KNOWLEDGE OF SWEDISH ART, LITERATURE AND SCIENCE	MN	501(C)(3)	7	N/A	0
BEREA COLLEGE
CPO 2096	BEREA	KY	40404	610444650	POST-SECONDARY EDUCATION	KY	501(C)(3)	2	N/A	0
IDYLLWILD
PO BOX 38 52500 TEMECULA ROAD	IDYLLWILD	CA	92549	951801279	ENRICHMENT IN THE ARTS	CA	501(C)(3)	2	N/A	0
KPBS
5200 CAMPANILE DRIVE	SAN DIEGO	CA	92182	330373293	PUBLIC MEDIA AND EDUCATIONAL PROGRAMS	CA	501(C)(3)	2	N/A	0
MARGARET A CARGILL FOUNDATION
6889 ROWLAND ROAD	EDEN PRAIRIE	MN	55344	371758406	CHARITABLE GRANTMAKING	MN	501(C)(3)	PF	N/A	Yes (1)
MINGEI
1439 EL PRADO	SAN DIEGO	CA	92101	237433357	FOLK ART MUSEUM	CA	501(C)(3)	7	N/A	0
NMAI
OFFICE OF SPONSORED PROJECTS PO BOX	WASHINGTON	DC	20013	530206027	INCREASE AND DIFFUSION OF KNOWLEDGE	DC	501(C)(3)	7	N/A	0
PBS
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	520899215	PUBLIC MEDIA	VA	501(C)(3)	7	N/A	0
PMG
2900 WEST ALAMEDA AVENUE SUITE 600	BURBANK	CA	91505	952211661	PUBLIC MEDIA PROGRAMMING	CA	501(C)(3)	7	N/A	0
SA CA
6605 UNIVERSITY AVENUE	SAN DIEGO	CA	92115	941156347	MEETING HUMAN NEED IN THE NAME OF THE CHRISTIAN CHURCH	CA	501(C)(3)	1	N/A	0
SA NATIONAL
615 SLATERS LANE	ALEXANDRIA	VA	22314	222406433	MEETING HUMAN NEED IN THE NAME OF THE CHRISTIAN CHURCH	VA	501(C)(3)	1	N/A	0
SAR
PO BOX 2188	SANTA FE	NM	87504	850125045	ADVANCED STUDY AND COMMUNICATION OF KNOWLEDGE	NM	501(C)(3)	7	N/A	0
SDHS
5500 GAINES STREET	SAN DIEGO	CA	92110	951661688	PROMOTE HUMANE TREATMENT OF ANIMALS	CA	501(C)(3)	7	N/A	0
ST PAUL'S
328 MAPLE STREET	SAN DIEGO	CA	92103	952111196	SUPPORT FOR LONG-TERM CARE FACILITIES	CA	501(C)(3)	10	N/A	0
TNC
4245 N FAIRFAX DR STE 100	ARLINGTON	VA	22203	530242652	PROTECTING THE LAND AND WATER ON WHICH THE DIVERSITY OF LIFE DEPENDS	VA	501(C)(3)	7	N/A	0
YMCA OF THE USA
101 N WACKER DRIVE	CHICAGO	IL	60606	363258696	PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL	IL	501(C)(3)	10	N/A	0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (8 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Predominant Income TypePredominantIncomeTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	Disproportionate AllocationsDisproportionateAllocationsInd	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct	UBI Code VUBICodeVAmt
MARATHON MAGNI FUND LP
ONE BRYANT PARK 38TH FLOOR	NEW YORK	NY	10036	461902953	INVESTMENTS	NY	ANNE RAY FOUNDATION	INVESTMENT	$2,133,116	$65,527,610	0	0	0.60160
SKADI LLC
6889 ROWLAND ROAD	EDEN PRAIRIE	MN	55344	812108322	INVESTMENTS	DE	ANNE RAY FOUNDATION	INVESTMENT	$18,016,893	$250,297,721	0	0	0.60700	$1,215
ART&ARF PRIVATE EQUITY PARTNERSHIP
767 FIFTH AVENUE 14TH FLOOR	NEW YORK	NY	10153	203049679	INVESTMENTS	NY	ANNE RAY FOUNDATION	INVESTMENT	$2,712,293	$9,895,343	0	0	0.99490	$8,540
M-DATA CENTER PORTFOLIO CO-INVESTOR LLC
4700 WILSHIRE BLVD	LOS ANGELES	CA	90010	825332495	INVESTMENTS	CA	ANNE RAY FOUNDATION	INVESTMENT	-$29,583	$783,672	0	0	0.60000
ASEAN CHINA INVESTMENT FUND (US) V LP
592 5TH AVE STE 602	NEW YORK	NY	10036	863840198	INVESTMENTS	NY	ANNE RAY FOUNDATION	INVESTMENT	-$443,889	$10,419,054	0	0	0.54870
SILVER ROCK SAGA FUND LLC SERIES A
12100 WILSHIRE BOULEVARD SUITE 1000	LOS ANGELES	CA	90025	873233010	INVESTMENTS	CA	ANNE RAY FOUNDATION	INVESTMENT	$4,772,240	$66,768,822	0	0	0.59830
SILVER ROCK SAGA FUND LLC SERIES B
12100 WILSHIRE BOULEVARD SUITE 1000	LOS ANGELES	CA	90025	873245365	INVESTMENTS	CA	ANNE RAY FOUNDATION	INVESTMENT	$2,874,966	$33,833,712	0	0	0.59950
MA-NOVVA CO-INVESTOR LLC
4700 WILSHIRE BLVD	LOS ANGELES	CA	90010	933580076	INVESTMENTS	CA	ANNE RAY FOUNDATION	INVESTMENT	-$312,871	$1,787,670	0	0	0.60000	$5,891

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	Foreign PostalForeignAddress/ForeignPostalCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt
AG ANDVARI FUND LP
89 NEXUS WAY	CAMANA BAY	CJ	KY1-1205	990383003	INVESTMENTS	CJ	ANNE RAY FOUNDATION	C	0.63780	0
LANDFAIR EUROPEAN DISLOCATED OPPORTUNITIES FEEDER SCSS
42-44 AVENUE DE LA GARE	LUXEMBOURG	LU	L-1610	000000000	INVESTMENTS	LU	ANNE RAY FOUNDATION	C	0.60000	0	-$24,839	$9,305,632

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	Yes (1)	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (1)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (1)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	Yes (1)	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (16 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
ART&ARF PRIVATE EQUITY PARTNERSHIP
S	$1,009,831	BOOKS AND RECORDS
ART&ARF PRIVATE EQUITY PARTNERSHIP
B	$566,824	BOOKS AND RECORDS
ASEAN CHINA INVESTMENT FUND (US) V LP
B	$3,509,847	BOOKS AND RECORDS
MARATHON MAGNI FUND LP
S	$1,880,830	BOOKS AND RECORDS
MARATHON MAGNI FUND LP
B	$11,700,000	BOOKS AND RECORDS
LANDFAIR EUROPEAN DISLOCATED OPPORTUNITIES FEEDER SCSS
B	$8,654,264	BOOKS AND RECORDS
MARGARET A CARGILL FOUNDATION PAYMENTS FOR SHARED SERVICES
M	$34,722,665	BOOKS AND RECORDS - COST
MARGARET A CARGILL FOUNDATION PAYMENTS FOR ADVANCES
P		INCLUDED IN M ABOVE
MARGARET A CARGILL FOUNDATION PAYMENTS FOR SHARED SERVICES
N		INCLUDED IN M ABOVE
MARGARET A CARGILL FOUNDATION PAYMENTS FOR SHARED SERVICES
O		INCLUDED IN M ABOVE
MARGARET A CARGILL FOUNDATION PAYMENTS FOR SHARED SERVICES
Q		INCLUDED IN M ABOVE
M-DATA CENTER PORTFOLIO CO-INVESTOR LLC
B	$28,510	BOOKS AND RECORDS
SKADI LLC
S	$14,000,000	BOOKS AND RECORDS
SKADI LLC
B	$22,600,000	BOOKS AND RECORDS
SILVER ROCK SAGA FUND LLC SERIES A
S	$6,926,547	BOOKS AND RECORDS
SILVER ROCK SAGA FUND LLC SERIES B
S	$3,573,397	BOOKS AND RECORDS

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE R, PART V, LINE 2	FormAndLineReferenceDesc
Explanation	MARGARET A. CARGILL FOUNDATION AND ANNE RAY FOUNDATION SHARE OPERATIONS IN PURSUIT OF THEIR SHARED VISION IN ORDER TO MAXIMIZE ASSETS AVAILABLE TO CHARITABLE GRANTMAKING. THE TRANSACTIONS REPORTED AT PART V WITH MARGARET A. CARGILL FOUNDATION ARE THE RESULT OF SHARED COSTS THAT ARE INCURRED IN PURSUIT OF THEIR SHARED VISION. ANNE RAY FOUNDATION ALSO REPORTS AT PART V TRANSFERS TO OR FROM PASSIVE INVESTMENT FUNDS THAT ARE IDENTIFIED AS RELATED CORPORATIONS AND PARTNERSHIPS AT PART IV.	ExplanationTxt