Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
MINNESOTA POWER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 30 WEST SUPERIOR STREET
  Room/suite
City or town
DULUTH
State or province
MN
Country  
ZIP or foreign postal code
55802
A Employer identification number

56-2560595
B Telephone number (see instructions)

2183553169
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$961,025J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 750,000
2 Check .................
3 Interest on savings and temporary cash investments 39,614 39,614  
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 789,614 39,614  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
674 674   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,752 6,701   18,051
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 25,426 7,375   18,051
25 Contributions, gifts, grants paid....... 654,700 654,700
26 Total expenses and disbursements. Add lines 24 and 25 ................ 680,126 7,375   672,751
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 109,488
b Net investment income (if negative, enter -0-) 32,239
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 29,921 58,955 58,955
2 Savings and temporary cash investments......... 810,916 895,546 895,546
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   6,524 6,524
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 840,837 961,025 961,025
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 377,300 381,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe ) Click to see attachment
List of Attached Documents:
// Content
50,000 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 427,300 381,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 413,537 580,025
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 413,537 580,025
30 Total liabilities and net assets/fund balances (see instructions). 840,837 961,025
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
413,537
2
Enter amount from Part I, line 27a .....................
2
109,488
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
57,000
4
Add lines 1, 2, and 3 ..........................
4
580,025
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
580,025
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 448
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 448
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 448
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 1,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 552
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax552 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
MN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressMNPOWER.COM/COMPANY/MPFOUNDATION
14
The books are in care ofCARTER NGUYEN Telephone no. (218) 355-3272

Located at30 WEST SUPERIOR STREETDULUTHMN ZIP+4558022093
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
BETHANY OWEN PRESIDENT
0.50 		0 0 0
30 WEST SUPERIOR STREET
DULUTH,MN55802
KELLY DESORMEY VICE PRESIDENT
0.50 		0 0 0
30 WEST SUPERIOR STREET
DULUTH,MN55802
JEFFERY SCISSIONS TREASURER
0.50 		0 0 0
30 WEST SUPERIOR STREET
DULUTH,MN55802
FRANK FREDRICKSON DIRECTOR
0.50 		0 0 0
30 WEST SUPERIOR STREET
DULUTH,MN55802
JENNIFER CADY DIRECTOR
0.50 		0 0 0
30 WEST SUPERIOR STREET
DULUTH,MN55802
JOHN MUEHLBAUER DIRECTOR
0.50 		0 0 0
30 WEST SUPERIOR STREET
DULUTH,MN55802
MELISSA WEGLARZ DIRECTOR
0.50 		0 0 0
30 WEST SUPERIOR STREET
DULUTH,MN55802
LORI HOYUM DIRECTOR
0.50 		0 0 0
30 WEST SUPERIOR STREET
DULUTH,MN55802
ERIC CLEMENT DIRECTOR
0.50 		0 0 0
30 WEST SUPERIOR STREET
DULUTH,MN55802
JODI PIEKARSKI DIRECTOR
0.50 		0 0 0
30 WEST SUPERIOR STREET
DULUTH,MN55802
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
950,144
c
Fair market value of all other assets (see instructions)................
1c
6,524
d
Total (add lines 1a, 1b, and 1c).......................
1d
956,668
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
956,668
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
14,350
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
942,318
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
47,116
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
47,116
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
448
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
448
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
46,668
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
46,668
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
46,668
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
672,751
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
672,751
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 46,668
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 489,885
b From 2021...... 591,370
c From 2022...... 548,825
d From 2023...... 758,288
e From 2024...... 840,446
f Total of lines 3a through e ........ 3,228,814
4Qualifying distributions for 2025 from Part
XI, line 4: $ 672,751
a Applied to 2024, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 46,668
e Remaining amount distributed out of corpus 626,083
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,854,897
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		489,885
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		3,365,012
10 Analysis of line 9:
a Excess from 2021 .... 591,370
b Excess from 2022 .... 548,825
c Excess from 2023 .... 758,288
d Excess from 2024 .... 840,446
e Excess from 2025 .... 626,083
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MINNESOTA POWER FOUNDATION
30 WEST SUPERIOR STREET
DULUTH,MN55802
(218) 355-3169
bThe form in which applications should be submitted and information and materials they should include:
APPLICANTS MUST SUBMIT THE FOLLOWING INFORMATION: ORGANIZATION: PROVIDE THE ORGANIZATION'S NAME AND ADDRESS, PLUS CONTACT PERSON'S NAME, TITLE AND TELEPHONE NUMBER. ALSO INCLUDE THE ORGANIZATION'S WEB SITE AND CONTACT'S E-MAIL ADDRESS IF APPLICABLE. ORGANIZATION HISTORY: INCLUDE MISSION STATEMENT. LIST ANY FINANCIAL OR OTHER TYPE OF MINNESOTA POWER INVOLVEMENT WITH THE ORGANIZATION. REQUEST: DESCRIBE THE PROJECT, PROGRAM OR USE FOR WHICH FUNDS ARE REQUESTED. INCLUDE A RANGE OF DONATION LEVELS DESCRIBING HOW EACH LEVEL WOULD ASSIST THE ORGANIZATION. AMOUNT: REQUESTED: STATE THE DOLLAR AMOUNT REQUESTED FROM THE MINNESOTA POWER FOUNDATION. PROJECT BUDGET: INCLUDE A DETAILED BUDGET. LIST OTHER FUNDING PARTNERS INVOLVED WITH THE PROJECT AND INDICATE WHETHER THEY ARE CONFIRMED OR TENTATIVE AND WHAT THEIR RESPECTIVE FINANCIAL COMMITMENTS ARE TO THE SPECIFIC PROJECT. EMPLOYEE INVOLVEMENT: LIST ANY MINNESOTA POWER OR ALLETE EMPLOYEES CURRENTLY VOLUNTEERING WITH YOUR ORGANIZATION
cAny submission deadlines:
GRANT APPLICATIONS ARE ACCEPTED AND REVIEWED THROUGHOUT THE YEAR.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE MINNESOTA POWER FOUNDATION IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN THE COMMUNITIES WHERE THE COMPANY CONDUCTS BUSINESS. THE MINNESOTA POWER FOUNDATION FOCUSES ITS GIVING IN THE FOLLOWING AREAS: EDUCATION ENVIRONMENT COMMUNITY SERVICES YOUTH DEVELOPMENT ARTS AND CULTURE HEALTH AND HUMAN SERVICES IN GENERAL, ALL AWARDS ARE CONSIDERED ONE-TIME GRANTS. HIGHEST PRIORITY IS GIVEN TO NONPROFIT 501(C)(3) ORGANIZATIONS WITHIN OUR SERVICE TERRITORY THAT SUBMIT WELL-DEFINED REQUESTS FOR PROJECTS OR PROGRAMS THAT MEET THE FOLLOWING CRITERIA: IMPROVE THE COMMUNITY'S QUALITY OF LIFE HAVE A BROAD BASE OF SUPPORT TAKE AN INNOVATIVE AND COST-EFFECTIVE APPROACH DO NOT DUPLICATE OTHER EFFORTS ALREADY IN EXISTENCE INCREASE PUBLIC AWARENESS
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

23RD VETERAN

178 NYNAS ROAD ESKO MN 55733
ESKO,MN55733 		    DON SHIPPAR AWARD 1,000

23RD VETERAN

178 NYNAS ROAD ESKO MN 55733
ESKO,MN55733 		    POSITIVELY POWERFUL 500

AMERICAN HEART ASSOCIATION

1346 W ARROWHEAD RD 325 DULUTH MN
55811
DULTUH,MN55811 		    POSITIVELY POWERFUL 500

AMERICAN RED CROSS

2524 MAPLE GROVE RD DULUTH MN 55811
DULTUH,MN55811 		    POSITIVELY POWERFUL 500

ANGEL FUND

PO BOX 114 HIBBING MN 55746
HIBBING,MN55746 		    CONTRIBUTION COMMITTEE 1,000

ARROWHEAD ROBOTICS COALITION

C/O DULUTH ROBOTICS401 N 44TH AVE W
DULUTH MN 55807
DULUTH,MN55807 		    DON SHIPPAR AWARD 2,000

BIGFORK YOUTH BASKETBALL

PO BOX 274 BIGFORK MN 56628
BIGFORK,MN56628 		    CONTRIBUTIONS COMMITTEE 2,000

BIO GIRLS

4225 38TH STREET S FARGO ND 58104
FARGO,ND58104 		    CONTRIBUTIONS COMMITTEE 1,000

BORAL WATERS COMMUNITY FOUNDATION

324 WEST SUPERIOR STREET DULUTH MN
55802
DULUTH,MN55802 		    POSITIVELY POWERFUL SCHOLARSHIP PROGRAM 25,000

BOYS & GIRLS CLUB OF THE NORTHLAND

PO BOX 16435 DULUTH MN 55816
DULUTH,MN55816 		    POSITIVELY POWERFUL 500

CANCER CREW'S POKER RUN

108 W LAKE ST CHISHOLM MN 55719
CHISHOLM,MN55719 		    CONTRIBUTION COMMITTEE 500

CARLTON 4H

317 CHESTNUT DRIVE CARLTON MN 55718
CARLTON,MN55718 		    CONTRIBUTION COMMITTEE 2,000

CENTENNIAL ROTARY

1127 FAIRGROUNDS ROAD GRAND RAPIDS
MN 55744
GRAND RAPIDS,MN55744 		    CONTRIBUTION COMMITTEE 1,500

CHILDREN'S DYSLEXIA CENTER

616 GRAHAM AVE EAU CLAIRE WI 54701
CLAIRE,WI54701 		    POSITIVELY POWERFUL 500

CHURCHES UNITED IN MINISTRY (CHUM)

102 WEST SECOND STREET DULUTH MN
55802
DULUTH,MN55802 		    FOOD SHELF GRANT 8,750

CHURCHES UNITED IN MINISTRY (CHUM)

102 WEST SECOND STREET DULUTH MN
55802
DULUTH,MN55802 		    FEEDING OUR COMMUNITIES MATCH 200

CIRCLES OF SUPPORT

811 NE 4TH ST GRAND RAPIDS MN 55744
GRAND RAPIDS,MN55744 		    DON SHIPPAR AWARD 2,000

CITY OF AURORA

16 W 2ND AVE N AURORA MN 55705
AURORA,MN55705 		    FOUNDATION GRANT 10,000

CITY OF COHASSET

305 NW 1ST AVE COHASSET MN 55721
COHASSET,MN55721 		    HALLOWEEN PARTY SPONSORSHIP (CC) 500

CLOQUET COMMUNITY SCHOLARSHIP

PO BOX 425 CLOQUET MN 55720
CLOQUET,MN55720 		    DON SHIPPAR AWARD 1,500

CLOQUET PUBLIC LIBRARY

320 14TH STREET CLOQUET MN 55720
UNITED STATES
CLOQUET,MN55720 		    CONTRIBUTION COMMITTEE 250

COGS

PO BOX 161261 DULUTH MN 55816
DULUTH,MN55816 		    POSITIVELY POWERFUL 500

COLLEGE ST SCHOLASTICA

1200 KENWOOD AVE DULUTH MN 55811
DULUTH,MN55811 		    FOUNDATION GRANT 5,000

COMMUNITY CAFE INC

PO BOX 5192 GRAND RAPIDS MN 55744
GRAND RAPIDS,MN55744 		    2025 DON SHIPPAR AWARD 2,000

COMMUNITY CAFE INC

PO BOX 5192 GRAND RAPIDS MN 55744
GRAND RAPIDS,MN55744 		    CONTRIBUTION COMMITTEE 5,000

COMPANIES TO CLASSROOMS DULUTH

2307 WEST SUPERIOR STREET DULUTH MN
55806
DULUTH,MN55806 		    POSITIVELY POWERFUL GRANT 500

COMPETE FOR A CURE

PO BOX 942 SUPERIOR WI 54880
SUPERIOR,WI54880 		    CONTRIBUTION COMMITTEE 1,000

DAKOTA BOYS AND GIRLS RANCH

6301 19TH AVE NW MINOT ND 58702
MINOT,ND58702 		    CONTRIBUTION COMMITTEE 1,000

DAMIANO CENTER

206 WEST FOURTH ST DULUTH MN 55806
DULUTH,MN55806 		    POSITIVELY POWERFUL GRANT 500

DAMIANO CENTER

206 WEST FOURTH ST DULUTH MN 55806
DULUTH,MN55806 		    FOUNDATION GRANT 5,000

DENFELD HUNTERS FIRST ROBOTICS TEAM

401 N 44TH AVE W DULUTH MN 55807
DULUTH,MN55807 		    CONTRIBUTIONS COMMITTEE 1,000

DEVILDOGS ROBOTICS

4024 GILLIAT ST DULUTH MN 55804
DULUTH,MN55804 		    FOUNDATION GRANT 1,000

DOWN SYNDROME ASSOCIATION OF MINNESOTA

656 TRANSFER ROAD ST PAUL MN 55114
ST PAUL,MN55114 		    POSITIVELY POWERFUL 500

DULUTH 709

1626 LONDON ROAD DULUTH MN 55812
DULUTH,MN55812 		    POSITIVELY POWERFUL 500

DULUTH BIKE FESTIVAL

8551 GRAND AVE DULUTH MN 55810
DULUTH,MN55810 		    POSITIVELY POWERFUL 500

DULUTH CHILDREN'S MUSEUM

115 S 29TH AVE W DULUTH MN 55806
AVE W DULUTH,MN55806 		    FOUNDATION BOARD 10,000

DULUTH LIBRARY FOUNDATION

520 W SUPERIOR ST DULUTH MN 55804
ST DULUTH,MN55804 		    FOUNDATION GRANT 15,000

DULUTH LIONS CLUB

PO BOX 16662 DULUTH MN 55816
DULUTH,MN55816 		    POSITIVELY POWERFUL GRANT 500

ECOLIBRIUM 3

2014 W 3RD ST DULUTH MN 55806
ST DULUTH,MN55806 		    POSITIVELY POWERFUL 500

ECUMEN LAKESHORE

4002 LONDON RD DULUTH MN 55804
DULUTH,MN55804 		    FOUNDATION GRANT 8,000

ELDERCIRCLE

400 RIVER ROAD SUITE 1 GRAND RAPIDS
MN 55744 UNITED STATES
GRAND RAPIDS,MN55744 		    CONTRIBUTION COMMITTEE 1,500

FATHER'S RISE TOGETHER

319 N 22ND ST DULUTH MN 55807
DULUTH,MN55807 		    CONTRIBUTION COMMITTEE 2,000

FLOODWOOD VOLUNTEER FIRE DEPARTMENT

206 E 8TH AVENUE FLOODWOOD MN 55736
FLOODWOOD,MN55736 		    JIM GIBEAU AWARD 3,000

FRIENDS OF LAKE SUPERIOR NATIONAL ESTUARINE RESEARCH RESERVE

3 MARINA DRIVE SUPERIOR WI 54880
SUPERIOR,WI54880 		    POSITIVELY POWERFUL 500

GRACF- BLANDIN FOR LIFE GOLF

350 NW 1ST AVE GRAND RAPIDS MN
55744
GRAND RAPIDS,MN55744 		    POSITIVELY POWERFUL 500

GRAND RAPIDS AREA COMMUNITY FOUNDATION

350 NW 1ST AVENUE GRAND RAPIDS MN
55744
GRAND RAPIDS,MN55744 		    POSITIVELY POWERFUL 500

GREAT LAKES AQUARIUM

353 HARBOR DRIVE DULUTH MN 55802
DULUTH,MN55802 		    POSITIVELY POWERFUL 500

HABITAT FOR HUMANITY OF MORRISON COUNTY

65 EAST BROADWAY PO BOX 321 LITTLE
FALLS MN 56345
LITTLE FALLS,MN56345 		    CONTRIBUTIONS COMMITTEE 5,000

HABITAT FOR HUMANITY OF MORRISON COUNTY

65 EAST BROADWAY PO BOX 321 LITTLE
FALLS MN 56345
LITTLE FALLS,MN56345 		    POSITIVELY POWERFUL 500

HARTLEY NATURE CENTER

3001 WOODLAND AVENUE DULUTH MN
55803
DULUTH,MN55803 		    POSITIVELY POWERFUL 500

HARTLEY NATURE CENTER

3001 WOODLAND AVENUE DULUTH MN
55803
DULUTH,MN55803 		    POSITIVELY POWERFUL & CLASSROOM UPDATE GRANT (CC) 5,500

HEAD OF THE LAKES UNITED WAY

424 W SUPERIOR ST SUITE 402 DULUTH
MN 55802
DULUTH,MN55802 		    FOUNDATION GRANT 99,500

HEARTLAND LAKES DEVELOPMENT ASSOCIATION

100 8TH ST E PARK RAPIDS MN 56470
RAPIDS,MN56470 		    CONTRIBUTIONS COMMITTEE 1,000

HELPING HANDS 365

118 E BROADWAY LITTLE FALLS MN
56345
LITTLE FALLS,MN56345 		    CONTRIBUTIONS COMMITTEE 3,000

HOLIDAY GIFT GIVING PROGRAM

18777 RIVERWOOD DRIVE LITTLE FALLS
MN 56345
FALLS,MN56345 		    CONTRIBUTIONS COMMITTEE 5,000

HUMANE SOCIETY OF DOUGLAS COUNTY

PO BOX 891 SUPERIOR WI 54880
SUPERIOR,WI54880 		    DON SHIPPAR AWARD 1,000

IAFF DULUTH LOCAL 101

602 W 2ND ST DULUTH MN 55733 UNITED
STATES
DULUTH,MN55733 		    YOUTH COMBAT PROGRAM 10,000

IEDC

12 NW 3RD STREET GRAND RAPIDS MN
55744
GRAND RAPIDS,MN55744 		    FOUNDATION GRANT 10,000

INNOVATION SCHOOL

1617 MICHIGAN AVE BISMARK ND 58504
BISMARK,MN58504 		    CONTRIBUTION COMMITTEE 1,000

INTERNATIONAL FALLS HIGH SCHOOL

1515 11TH STREET INTERNATIONAL
FALLS MN 56649
INTERNATIONAL FALLS,MN56649 		    CONTRIBUTIONS COMMITTEE 7,500

IRON MOSQUITOS ROBOTICS

30 SOUTH DRIVE BABBITT MN 55706
BABBITT,MN55706 		    CONTRIBUTIONS COMMITTEE 5,000

ISD 709

709 PORTIA JOHNSON DRIVE DULUTH MN
55811
DULUTH,MN55811 		    CONTRIBUTION COMMITTEE 500

ITASCA DRIFTSKIPPERS SNOWMOBILE CLUB

33455 WAGON WHEEL COURT RD GRAND
RAPIDS MN 55744
GRAND RAPIDS,MN55744 		    POSITIVELY POWERFUL 500

ITASCA HISTORICAL SOCIETY - ITASCA

10 NW 5TH STREET 1009 GRAND RAPIDS
MN 55744
GRAND RAPIDS,MN55744 		    POSITIVELY POWERFUL 500

LAKE SUPERIOR ZOO

7210 FREMONT ST DULUTH MN 55807
DULUTH,MN55807 		    CAPYBARA BARN 20,000

LAKES AREA UNITED WAY

PO BOX 381 BRAINERD MN 56401 UNITED
STATES
BRAINERD,MN56401 		    FOUNDATION GRANT 3,500

LAKEWOOD TOWNSHIP FIRE DEPARTMENT

5195 N TISCHER ROAD DULUTH MN 55804
DULUTH,MN55804 		    2025 JIM GIBEAU GRANT 4,000

LEAD VETS CLASSIC

648 N PLANKINTON AVE STE 220
MILWAUKEE WI 55203
MILWAUKEE,WI55203 		    POSITIVELY POWERFUL 500

LITTLE FALLS AREA CHAMBER OF COMMERCE

200 1ST ST NW LITTLE FALLS MN 56345
UNITED STATES
LITTLE FALLS,MN56345 		    POSITIVELY POWERFUL 500

LITTLE FALLS BIKES

124 2ND STREET NE LITTLE FALLS MN
56345
LITTLE FALLS,MN56345 		    CONTRIBUTION COMMITTEE 1,000

LITTLE FALLS COMMUNITY HIGH SCHOOL

1001 5TH AVE SE LITTLE FALLS MN
56345
LITTLE FALLS,MN56345 		    POSITIVELY POWERFUL GRANT 500

LITTLE FALLS SCHOOL DISTRICT

14750 RIVERWOOD DR LITTLE FALLS MN
56345
LITTLE FALLS,MN56345 		    CONTRIBUTIONS COMMITTEE 3,000

LYRIC OPERA OF THE NORTH

2137 COLUMBUS AVE DULUTH MN 55803
DULUTH,MN55803 		    POSITIVELY POWERFUL GRANT 500

LYRIC OPERA OF THE NORTH

2137 COLUMBUS AVE DULUTH MN 55803
DULUTH,MN55803 		    POSITIVELY POWERFUL 500

MAKE A WISH MINNESOTA

1919 UNIVERSITY AVE W ST PAUL MN
55104 SUITE 415
ST PAUL,MN55104 		    CONTRIBUTION COMMITTEE 2,000

MARSHALL SCHOOL ROBOTICS

1215 RICE LAKE ROAD DULUTH MN 55811
DULUTH,MN55811 		    CONTRIBUTIONS COMMITTEE 1,000

MEMORIAL BLOOD CENTERS

14 E CENTRAL ENTRANCE DULUTH MN
55811
DULUTH,MN55811 		    CONTRIBUTION COMMITTEE 1,000

MESABI EAST SCHOOL DISTRICT

601 N 1ST STREET WEST AURORA MN
55705
AURORA,MN55705 		    CONTRIBUTIONS COMMITTEE 5,000

MESABI SYMPHONY ORCHESTRA

PO BOX 600 VIRGINIA MN 55792
VIRGINIA,MN55792 		    CONTRIBUTIONS COMMITTEE 2,500

MINNESOTA NORTH COLLEGE

1515 EAST 25TH STREET HIBBING MN
55746
HIBBING,MN55746 		    CONTRIBUTIONS COMMITTEE 3,000

MORRISON COUNTY FOOD SHELF

912 1ST AVE SW LITTLE FALLS MN
56345
LITTLE FALLS,MN56345 		    POSITIVELY POWERFUL 300

MORRISON COUNTY UNITED WAY

116 8TH AVE SE STE 158 LITTLE FALLS
MN 56345 UNITED STATES
LITTLE FALLS,MN56345 		    FOUNDATION GRANT 10,000

MORRISON COUNTY UNITED WAY

116 8TH AVE SE STE 158 LITTLE FALLS
MN 56345 UNITED STATES
LITTLE FALLS,MN56345 		    CONTRIBUTIONS COMMITTEE 1,000

MORTON COUNTY FAIR

210 2ND AVE NW MANDAN ND 58554
MANDAN,ND58554 		    POSITIVELY POWERFUL 500

MOUNT ITASCA

200 MOUNT ITASCA DRIVE COLERAINE MN
55722
COLERAINE,MN55722 		    CONTRIBUTION COMMITTEE 1,500

MOUNT ITASCA

200 MOUNT ITASCA DRIVE COLERAINE MN
55722
COLERAINE,MN55722 		    POSITIVELY POWERFUL 500

NEVIS PTA

210 PLEASANT STREET W NEVIS MN
56467
NEVIS,MN56467 		    CONTRIBUTION COMMITTEE 1,000

NEVIS PTA

210 PLEASANT STREET W NEVIS MN
56467
NEVIS,MN56467 		    POSITIVELY POWERFUL 500

NEVIS PTA

210 PLEASANT STREET W NEVIS MN
56467
NEVIS,MN56467 		    CONTRIBUTIONS COMMITTEE 500

NORMANNA VOLUNTEER FIRE DEPARTMENT

6472 FRENCH RIVER RD DULUTH MN
55804
DULUTH,MN55804 		    CONTRIBUTION COMMITTEE 1,500

NORTH CENTRAL MN FARM AND ANTIQUE

25313 US HIGHWAY 2 GRAND RAPIDS MN
55744
GRAND RAPIDS,MN55744 		    BUILDING AND CLIMATE COOLING PROJECT 15,000

NORTHERN LIGHTS SPECIAL EDUCATION COOPERATIVE

16 E HWY 61 ESKO MN 55733
ESKO,MN55733 		    POSITIVELY POWERFUL GRANT 500

NORTHLAND COUNSELING CENTER

215 SE 2ND AVENUE GRAND RAPIDS MN
55744
GRAND RAPIDS,MN55744 		    POSITIVELY POWERFUL 500

NORTHSHORE AREA PARTNERS

99 EDISON BLVD ROOM 21 SILVER BAY
MN 55614
SILVER BAY,MN55614 		    CONTRIBUTION COMMITTEE 2,500

PAVSA

32 E 1ST ST STE 200 DULUTH MN 55802
DULUTH,MN55802 		    POSITIVELY POWERFUL 500

PAY IT FORWARD FOUNDATION INC

21296 FOREST ROAD LITTLE FALLS MN
56345
LITTLE FALLS,MN56345 		    CONTRIBUTIONS COMMITTEE 2,500

PIERZ FREEDOM FEST

15575 HAWTHORN ROAD LITTLE FALLS MN
56345
LITTLE FALLS,MN56345 		    CONTRIBUTION COMMITTEE 1,500

PIERZ FREEDOM FEST

15575 HAWTHORN ROAD LITTLE FALLS MN
56345
LITTLE FALLS,MN56345 		    CONTRIBUTION COMMITTEE 1,000

PORTMAN HOCKEY ASSOCIATION

PO BOX 3502 DULUTH MN 55803
DULUTH,MN55803 		    POSITIVELY POWERFUL GRANT 500

PROCTOR PUBLIC SCHOOLS

131 9TH AVE PROCTOR MN 55810
PROCTOR,MN55810 		    CONTRIBUTIONS COMMITTEE 2,500

PROJECT JOY

5654 CHALSTROM DRIVE SAGINAW MN
55779
SAGINAW,MN55779 		    POSITIVELY POWERFUL 500

QUAD CITY FOOD SHELF

PO BOX 1015 GILBERT MN 55741
GILBERT,MN55741 		    FEEDING OUR COMMUNITIES MATCH 300

RIPSAW ROBOTICS

302 14TH ST CLOQUET MN 55720
CLOQUET,MN55720 		    CONTRIBUTION COMMITTEE 1,000

ROLLING READERS

1907 MELROSE STREET DULUTH MN 55803
DULUTH,MN55803 		    POSITIVELY POWERFUL GRANT 500

SALVATION ARMY - SUPERIOR

916 HUGHITT AVE SUPERIOR WI 54880
SUPERIOR,WI54880 		    POSITIVELY POWERFUL GRANT 500

SCHROEDER AREA HISTORICAL SOCIETY

7932 WEST HIGHWAY 61 PO BOX 337PO
BOX 337 SCHROEDER MN 55613
SCHROEDER,MN55613 		    POSITIVELY POWERFUL 500

SCHROEDER AREA HISTORICAL SOCIETY

7932 WEST HIGHWAY 61 PO BOX 337PO
BOX 337 SCHROEDER MN 55613
SCHROEDER,MN55613 		    POSITIVELY POWERFUL 500

SECOND HARVEST NORTHLAND

2302 COMMONWEALTH AVE DULUTH MN
55808
DULUTH,MN55808 		    POSITIVELY POWERFUL GRANT 1,500

SECOND HARVEST NORTHLAND

2302 COMMONWEALTH AVE DULUTH MN
55808
DULUTH,MN55808 		    MPF BOARD - FINAL INSTALLMENT 50,000

SECOND HARVEST NORTHLAND

2302 COMMONWEALTH AVE DULUTH MN
55808
DULUTH,MN55808 		    POSITIVELY POWERFUL GRANT 1,000

SECOND HARVEST NORTHLAND

2302 COMMONWEALTH AVE DULUTH MN
55808
DULUTH,MN55808 		    GRAND RAPIDS DISTRIBUTION FOOD GRANT 4,600

SECOND HARVEST NORTHLAND

2302 COMMONWEALTH AVE DULUTH MN
55808
DULUTH,MN55808 		    DULUTH OPERATIONS FOOD GRANT 14,600

SMART NORTH

600 FIFTH AVE S UNIT 416 MINNEAPOLI
MN 55415
MINNEAPOLIS,MN55415 		    FOUNDATION GRANT 10,000

SOPHIE'S SQUAD

6371 RED HAWK TRAIL CIRCLE PINES MN
55014
CIRCLE PINES,MN55014 		    CONTRIBUTION COMMITTEE 2,500

ST LOUIS COUNTY DEPOT

506 W MICHIGAN ST DULUTH MN 55802
DULUTH,MN55802 		    CONTRIBUTION COMMITTEE 500

ST LOUIS COUNTY DEPOT

506 W MICHIGAN ST DULUTH MN 55802
DULUTH,MN55802 		    CONTRIBUTIONS COMMITTEE 500

ST LOUIS COUNTY HISTORICAL SOCIETY

506 W MICHIGAN ST DULUTH MN 55802
DULUTH,MN55802 		    CONTRIBUTION COMMITTEE 500

STAR OF THE NORTH SKATING

1401 NW 3RD AVE GRAND RAPIDS MN
55744
GRAND RAPIDS,MN55744 		    CONTRIBUTION COMMITTEE 500

STARBASE MINNESOTA DULUTH

4630 MUSTANG DRIVE DULUTH MN 55811
DULUTH,MN55811 		    POSITIVELY POWERFUL 500

SUBZERO ROBOTICS

PO BOX 10 2 HWY 61 EAST ESKO MN
55733
ESKO,MN55733 		    CONTRIBUTIONS COMMITTEE 1,000

SUPERIOR HIKING TRAIL ASSOCIATION

PO BOX 315 TWO HARBORS MN 55616
TWO HARBORS,MN55616 		    CONTRIBUTION COMMITTEE 4,000

SUPERIOR HIKING TRAIL ASSOCIATION

PO BOX 315 TWO HARBORS MN 55616
TWO HARBORS,MN55616 		    POSITIVELY POWERFUL GRANT 500

SUPPORT WITHIN REACH

1325 NW 4TH STREET GRAND RAPIDS MN
55744
GRAND RAPIDS,MN55744 		    CONTRIBUTIONS COMMITTEE 2,500

UNION GOSPEL MISSION

219 E 1ST STREET DULUTH MN 55802
DULUTH,MN55802 		    FOUNDATION GRANT 5,000

UNION GOSPEL MISSION

219 E 1ST STREET DULUTH MN 55802
DULUTH,MN55802 		    POSITIVELY POWERFUL 1,000

UNION GOSPEL MISSION

219 E 1ST STREET DULUTH MN 55802
DULUTH,MN55802 		    POSITIVELY POWERFUL 500

UNION GOSPEL MISSION

219 E 1ST STREET DULUTH MN 55802
DULUTH,MN55802 		    LIGHT UP THE PLAZA GRANT 5,000

UNITED WAY - NORTHEASTERN MINNESOTA

229 W LAKE ST CHISHOLM MN 55719
CHISHOLM,MN55719 		    CONTRIBUTION COMMITTEE 500

UNITED WAY OF 1000 LAKES

350 NW 1ST AVE SUITE A GRAND RAPIDS
MN 55744
GRAND RAPIDS,MN55744 		    FOUNDATION GRANT 41,000

UNITED WAY OF NORTHEASTERN MN

608 EAST DRIVE CHISHOLM MN 55719
CHISHOLM,MN55719 		    FOUNDATION GRANT 30,000

UNITED WAY OF PINE AND CARLTON COUNTIES

902 MN-33 CLOQUET MN 55720
CLOQUET,MN55720 		    FOUNDATION GRANT 16,000

UNITED WAY OF PINE AND CARLTON COUNTIES

902 MN-33 CLOQUET MN 55720
CLOQUET,MN55720 		    POSITIVELY POWERFUL 500

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK STREET SE SUITE 500
MINNEAPOLIS MN 55455-2010
MINNEAPOLIS,MN55455 		    FOUNDATION GRANT 15,000

VETERANS RESILIENCE PROJECTS

PO BOX 1057 MINNETONKA MN 55345
MINNETONKA,MN55345 		    POSITIVELY POWERFUL GRANT 500

VETERANS RESILIENCE PROJECTS

PO BOX 1057 MINNETONKA MN 55345
MINNETONKA,MN55345 		    POSITIVELY POWERFUL GRANT 500

VETERANS RESILIENCE PROJECTS

PO BOX 1057 MINNETONKA MN 55345
MINNETONKA,MN55345 		    MINNESOTA POWER FOUNDATION GRANT 20,000

VFW GR 1720

1212 NW 4TH ST GRAND RAPIDS MN
55744
GRAND RAPIDS,MN55744 		    CONTRIBUTION COMMITTEE 2,500

VOLUNTEER SERVICES OF CARLTON COUNTY

199 CHESTNUT AVENUE CARLTON MN
55718
CARLTON,MN55718 		    DON SHIPPAR AWARD 1,500

WALKER FOOD BANK

8243 INDUSTRIAL PARK RD NW WALKER
MN 56484
WALKER,MN56484 		    CONTRIBUTIONS COMMITTEE 5,000

YMCA - DULUTH

302 WEST FIRST STREET DULUTH MN
55802
DULUTH,MN55802 		    FOOD ACCESS GRANT 20,000

YOUTH EMERGENCY SHELTER

213 1ST AVE STE 101 LITTLE FALLS MN
56345
LITTLE FALLS,MN56345 		    FOUNDATION GRANT 5,000

REGIONAL COMMITTEES

30 WEST SUPERIOR STREET
DULUTH,MN55802 		    REGIONAL COMMITTEES 7,700

POSITIVELY POWERFUL

30 WEST SUPERIOR STREET
DULUTH,MN55802 		    POSITIVELY POWERFUL 2,000
Total ................................. 3a 654,700
bApproved for future payment

GIBEAU VOLUNTEER FIREFIGHTER AWARD
30 WEST SUPERIOR STREET
DULUTH,MN55802 		    FOUNDATION GRANT 4,000

DON SHIPPAR AWARD
30 WEST SUPERIOR STREET
DULUTH,MN55802 		    FOUNDATION GRANT 4,000

UMD SCIENCE AND ENGINEERING
30 WEST SUPERIOR STREET
DULUTH,MN55802 		    FOUNDATION GRANT 15,000

POSITIVELY POWERFUL VOLUNTEERS
30 WEST SUPERIOR STREET
DULTUH,MN55802 		    FOUNDATION GRANT 20,000

POSITIVELY POWERFUL SCHOLARSHIP
30 WEST SUPERIOR STREET
DULUTH,MN55802 		    FOUNDATION GRANT 20,000

REGIONAL COMMITTEES
30 WEST SUPERIOR STREET
DULUTH,MN55802 		    FOUNDATION GRANT 118,000

UNITED WAY
30 WEST SUPERIOR STREET
DULTUH,MN55802 		    FOUNDATION GRANT 200,000
Total ................................. 3b 381,000
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 39,614  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 39,614 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
39,614
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
MINNESOTA POWER FOUNDATION
 
Employer identification number

56-2560595
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
MINNESOTA POWER FOUNDATION
  		Employer identification number
56-2560595
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ALLETE INC
 
30 WEST SUPERIOR STREET
 
DULUTH, MN55802

$ 750,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
MINNESOTA POWER FOUNDATION
  		Employer identification number

56-2560595
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
MINNESOTA POWER FOUNDATION
  		Employer identification number

56-2560595
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 ExplnOfNonFilingWithAGStmt
Name:
MINNESOTA POWER FOUNDATION
EIN:
56-2560595
Statement:
EXEMPT FROM REPORTING TO MN PER MN STATUTE 309.515(F)

TY 2025 OtherExpensesSchedule
Name:
MINNESOTA POWER FOUNDATION
EIN:
56-2560595
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 2,720 0   2,720
MEMBERSHIP DUES - ORGANIZATION 750 0   750
OUTSIDE COMPUTER SERVICES 7,615 0   7,615
OUTSIDE ADMINISTRATOR 1,250 0   1,250
BANK FEES 6,701 6,701   0
MISC EXPENSES - OTHER 216 0   216
STAFF DEVELOPMENT 5,500 0   5,500


TY 2025 OtherIncreasesSchedule
Name:
MINNESOTA POWER FOUNDATION
EIN:
56-2560595
Description Amount
DECREASE IN GRANTS PAYABLE & ACCRUED EXPENSES 57,000


TY 2025 OtherLiabilitiesSchedule
Name:
MINNESOTA POWER FOUNDATION
EIN:
56-2560595
Description Beginning of Year - Book Value End of Year - Book Value
LONG TERM GRANTS 50,000 0


TY 2025 SubstantialContributorsSch
Name:
MINNESOTA POWER FOUNDATION
EIN:
56-2560595
Name Address
ALLETE INC
  		30 WEST SUPERIOR STREET
DULUTH,MN55802


TY 2025 TaxesSchedule
Name:
MINNESOTA POWER FOUNDATION
EIN:
56-2560595
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX BASED ON INVESTMENT INCOME 674 674   0