Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1937.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
1 person listed on the 990; $68K paid to officers and key staff (Part VII, Section A).
US Bank National Association’s $68K as Trustee is at the 10th percentile of top reported officer pay among 3924 $1–10M arts & culture 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| US Bank National Association | $67,654 | $63,370 | $55,325 | $58,658 | $62,869 | $55,560 |
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.
See Ethel M Vanderlip Trust 1379 executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Funds the Minneapolis Institute of Arts and the Minneapolis College of Art & Design.
Questions for Ethel M Vanderlip Trust 1379
Your first name shows with your question. Ethel M Vanderlip Trust 1379 answers here, for everyone.
Funding support for the minneapolis institute of arts
Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-6014949) · Dispute this lineFunding support for the minneapolis college of art & design
Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-6014949) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $327K | $310K |
| InvestmentsLn 11–13 | $10.9M | $12.0M |
| Land, buildings, equipmentLn 10c | $1 | $1 |
| Total assetsLn 16 | $11.2M | $12.4M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $11.2M | $12.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $865K | $865K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $68K | $7K | $61K | |
| Legal feesLn 11b | $60 | $60 | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Other fees for servicesLn 11g | $0 | $0 | $0 | |
| Other expenses (24a–d)Ln 24 | $8K | $25 | $8K | |
| Total functional expensesLn 25 | $943K | $874K | $69K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 5, 2026 | $2.1M | $943K | $1.2M | $12.4M | 990 PDF |
| FY2024Filed with the IRS May 9, 2025 | $1.2M | $928K | $280K | $11.2M | 990 PDF |
| FY2023Filed with the IRS Oct 28, 2024 | $496K | $921K | −$426K | $11.0M | 990 PDF |
| FY2022 | $716K | $887K | −$171K | $11.4M | 990 PDF |
| FY2021Filed with the IRS Nov 10, 2022 | $785K | $838K | −$53K | $11.6M | 990 PDF |
| FY2020Filed with the IRS May 12, 2021 | $549K | $808K | −$260K | $11.6M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $2,099,211 revenue, 12 lines filed
Part VI · Governance 0 of 1 board members independent, 3 to look at
Part VIII · Statement of revenue $2,099,211 across 5 lines filed
Part IX · Statement of functional expenses $943,055 across 6 lines filed
Part X · Balance sheet $12,395,932 assets, 9 lines filed
Part XI · Reconciliation of net assets $12,395,932 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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