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The Margaret Cargill Foundation will split nearly $8 billion with Anne Ray Charitable Trust due to a recent stock deal that will free up billions in cash for the foundation.

Courtesy of Margaret Cargill Foundation website

The Cargill Foundation will be the largest foundation in Minnesota and among the top 15 in the nation and plans to focus its grantmaking on the environment, arts and culture and relief/recovery. While the foundation has a global focus, local nonprofits are anxiously awaiting more news about grant eligibility guidelines from the philanthropic giant.

As of this blog post, no news had been posted to the Margaret Cargill Foundation website. The foundation has been making grants to invited applicants only through a restricted program. Find out more about this recent development by reading today’s article in the Star Tribune.

* Information contained this blog was adapted from the Minneapolis Star Tribune’s 1-24-11 article, “Cargill Foundation to get Big Bucks Boost.”

This entry was posted on Monday, January 24th, 2011 at 6:07 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.