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George a Macpherson Fund EIN 41-6010888

George a Macpherson Fund

EIN  41-6010888 Public foundation / grantmaker Eagan, MN Founded 1956
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Size
<$100K
What they do
Funds historical societies, colleges, and charities chosen by appointed trustees.
Leadership
US Bank NA · Trustee · $28K
Money in and out
$98K revenue, $119K expenses
Bottom line
73% program efficiency

Funds historical societies, colleges, and charities chosen by appointed trustees. For fiscal year 2025 it reported $98K in revenue, $119K in expenses, and $1.3M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$98K
Pt VIII · Ln 12
Total expenses
$119K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$21K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
129.9mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
-21%
revenue over expenses, this year▲ +61% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$98K
FY2025▲ +25%
Expenses
$119K
FY2025▼ -2%
Total assets
$1.3M
FY2025▼ -2%
Total liabilities
$0
FY2025
Total revenue
$98K
Pt VIII · Ln 12
Total expenses
$119K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$21K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $87K of program spending, described in the organization's own filed words · FY2025.
01

The purpose of each grant made is to further the mission of minnesota historical society

$29Kprogram expense
02

The purpose of each grant made is to further the mission of saint john's university

$29Kprogram expense
03

The purpose of each grant made is to further the macalester college

$29Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGeorge a Macpherson Fund
EINHdr · item D41-6010888
Principal addressHdr · item CEagan, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1956
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70Z)
Ruling yearIRS BMFDec 1958

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
US Bank NA
Trustee
$28,355Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

US Bank NA’s $28K as Trustee is at the 77th percentile of top reported officer pay among 129 <$100K philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
US Bank NA$28,355$27,449$24,749$26,924$31,528$28,107

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income100%$98K
Other revenue$52
Total revenueLn 12$98K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$87K
Management & general27%$32K
Total functional expensesLn 25$119K

Balance Sheet

Part X · end of year
CashLn 1$47K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.3M
Months of cash on handcomputed4.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $119K
129.9 months
Where the money goes
Program services
Program services $87K · Total expenses $119K
73%
Management & General
Management & general $32K · Total expenses $119K
27%
Fundraising
Fundraising $0 · Total expenses $119K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $98K
0%
Government reliance
Government grants — · Total revenue $98K
—
Earned-income share
Program service revenue $0 · Total revenue $98K
0%
Investment reliance
Investment income $98K · Total revenue $98K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $119K
0%
Growth & trend
Revenue growth (YoY)
This year $98K · Prior year $78K
+25%
Revenue CAGR
FY2020 $45K · FY2025 $98K
+17%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $98K · Expenses $119K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
—
Net-asset ratio
Net assets $1.3M · Total assets $1.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
96%
People & payroll
Highest Reported Total Compensation
Individual US Bank NA · Reported title TRUSTEE · Highest reported compensation $28K · Total expenses $119K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $28K · Total expenses $119K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 27%——
Revenue growth 25%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $536K · 2020–2025
Order of St Benedict INCMN · FY2025$28,994
Minnesota Historical SocietyMN · FY2025$28,994
Macalester CollegeMN · FY2025$28,994
Order of St Benedict INCMN · FY2024$29,844
Minnesota Historical SocietyMN · FY2024$29,844
Macalester CollegeMN · FY2024$29,844
Order of St Benedict INCMN · FY2023$30,408
Minnesota Historical SocietyMN · FY2023$30,408
Macalester CollegeMN · FY2023$30,408
Order of St Benedict INCMN · FY2022$30,550
Minnesota Historical SocietyMN · FY2022$30,550
Macalester CollegeMN · FY2022$30,550
Order of St Benedict INCMN · FY2021$29,879
Minnesota Historical SocietyMN · FY2021$29,879
Macalester CollegeMN · FY2021$29,879
Order of St Benedict INCMN · FY2020$28,990
Minnesota Historical SocietyMN · FY2020$28,990
Macalester CollegeMN · FY2020$28,990

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$98K revenue · viewing · ⤓ 990 PDF
FY2024$78K revenue · ⤓ 990 PDF
FY2023$33K revenue · ⤓ 990 PDF
FY2022$88K revenue · ⤓ 990 PDF
FY2021$147K revenue · ⤓ 990 PDF
FY2020$45K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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