The Minneapolis Foundation

minneapolisfoundation.org

In 1950, The Minneapolis Foundation distributed $95,147.76 to local charities and civic groups, using much of the interest from its 46 funds under management. Two of the funds, which totaled over $400,000, were in memory of the late Mrs. Alfred F. Pillsbury, the daughter-in-law of Pillsbury Co. founder John S. Pillsbury. The smallest fund at the Foundation was $300 (the equivalent of $3,000 today).