Long before hurricanes ravaged Caribbean islands or floodwaters swamped Midwest river towns, Minnesota-based Margaret A. Cargill Philanthropies was preparing for the worst.
Minnesota's wealthiest philanthropy positions millions of dollars in accounts that nonprofits, including the American Red Cross and the Center for Disaster Philanthropy, can immediately tap when catastrophe strikes.
The Eden Prairie-based organization gave $47.4 million to disaster relief and recovery efforts last year — one of seven categories of giving totaling $263.8 million — the most of any philanthropy in Minnesota.
"Their approach is unprecedented. It's quite unusual for a foundation to recognize there will be disasters occurring and to set aside money in advance of disaster," said Bob Ottenhoff, president and CEO of the Center for Disaster Philanthropy.
A decade ago, the Margaret A. Cargill Foundation quietly opened its doors in Minnesota and immediately became the state's wealthiest and perhaps most enigmatic philanthropy, with billions in assets, an invitation-only grant making style and a recently deceased benefactor who, in life, had chosen to give anonymously.
Foundation leaders carry on in the style of the granddaughter of company founder W.W. Cargill. "They do not seek public attention," Ottenhoff said. "They are quiet, reserved but, behind the scenes, there is a lot going on."
Today the once-fledging foundation — one of two foundations fueled by Margaret Cargill's generosity now organized under the MACP umbrella — has 93 employees including newly named CEO Paul Busch and a much clearer sense of identity. MACP, which has $6.7 billion in assets, awarded 375 grants last year, marking its third year of grant making at full capacity.
A decade of intense research and deepening partnerships with nonprofits guide its grant making in seven domains addressing Margaret Cargill's passions and priorities: environment; disaster relief and recovery; art and cultures; teachers; quality of life; animal welfare; and legacy and opportunity.