Nonprofit · EIN 41-1359579
U S BANCORP FOUNDATION
Tax-exempt · MILWAUKEE, WI 53201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $54,255,321 | $69,028,763 | -$14,773,442 | $138,162,953 | $0 | $138,162,953 |
| December 31, 2023 | 990-PF | $165,636,274 | $45,206,993 | $120,429,281 | $162,530,488 | $10,136,384 | $152,394,104 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $45,530,714
- Dividends
- $5,000,515
- Net gain from sales of assets
- $3,667,652
- Other income
- $56,440
Expenses
- Grants and similar amounts paid
- $66,410,992
- Compensation of officers, directors and key employees
- $499,921
- Salaries, compensation and benefits (total)
- $1,226,904
- Disbursements for charitable purposes
- $67,996,829
- Excise tax on investment income
- $107,563
Balance sheet and other
- Total assets, start of year
- $162,530,488
- Total assets, end of year
- $138,162,953
- Total liabilities, end of year
- $0
- Net assets, end of year
- $138,162,953
- Fair market value of assets
- $144,253,023
- Qualifying distributions
- $67,996,829
- Net investment income
- $8,690,894
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REVATHI DOMINSKI 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | CHAIR & PRESIDENT | 10 | $499,921 |
| ERICA OPSTAD C/O US BANCORP FOUNDATION, MINNEAPOLIS, MN 55402 | 0 Highest-paid employee | 0 | $374,681 |
| KAREN KERVIN C/O US BANCORP FOUNDATION, MINNEAPOLIS, MN 55402 | 0 Highest-paid employee | 0 | $183,545 |
| AMANDA KOEHL C/O US BANCORP FOUNDATION, MINNEAPOLIS, MN 55402 | 0 Highest-paid employee | 0 | $137,785 |
| KELLY ACKER C/O US BANCORP FOUNDATION, MINNEAPOLIS, MN 55402 | 0 Highest-paid employee | 0 | $127,026 |
| SHAWNA BLUME C/O US BANCORP FOUNDATION, MINNEAPOLIS, MN 55402 | 0 Highest-paid employee | 0 | $120,577 |
| BETH LAWLER 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| TERRANCE DOLAN 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | TREASURER | 2 | $0 |
| JAMES CHOSY 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | SECRETARY | 2 | $0 |
| ELCIO R BARCELOS 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| GREGORY G CUNNINGHAM 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| CARL JORDAN 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| HASSAN A SALEM 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| ARIJIT ROY 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| ANKIT BHAT 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
990-PF for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REVATHI DOMINSKI 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | CHAIR & PRESIDENT | 10 | $754,488 |
| ERICA OPSTAD C/O US BANCORP FOUNDATION, MINNEAPOLIS, MN 55402 | 0 Highest-paid employee | 0 | $360,347 |
| KAREN KERVIN C/O US BANCORP FOUNDATION, MINNEAPOLIS, MN 55402 | 0 Highest-paid employee | 0 | $198,267 |
| AMANDA KOEHL C/O US BANCORP FOUNDATION, MINNEAPOLIS, MN 55402 | 0 Highest-paid employee | 0 | $130,426 |
| KELLY ACKER C/O US BANCORP FOUNDATION, MINNEAPOLIS, MN 55402 | 0 Highest-paid employee | 0 | $125,681 |
| JENNIFER HINDMAN C/O US BANCORP FOUNDATION, MINNEAPOLIS, MN 55402 | 0 Highest-paid employee | 0 | $117,910 |
| GUNJAN KEDIA 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| TERRANCE DOLAN 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| JAMES CHOSY 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | SECRETARY | 2 | $0 |
| ELCIO R BARCELOS 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| GREGORY G CUNNINGHAM 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| CARL JORDAN 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| HASSAN A SALEM 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
| TIMOTHY A WELSH 800 NICOLLET MALL, MINNEAPOLIS, MN 55402 | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 634, MILWAUKEE, WI 53201-0634
- Signed the 990-PF
- U S BANK N A BY, TRUSTEE
- Phone
- (612) 303-0738
- Return prepared by
- PWC US TAX LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 41-1359579
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $138,162,953
- Income (IRS master file)
- $105,119,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $54,255,321 | $69,028,763 | $138,162,953 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $165,636,274 | $45,206,993 | $162,530,488 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1359579).
Questions about U S BANCORP FOUNDATION
- What is the EIN of U S BANCORP FOUNDATION?
- The employer identification number (EIN) of U S BANCORP FOUNDATION is 41-1359579.
- Is U S BANCORP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to U S BANCORP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does U S BANCORP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of U S BANCORP FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did U S BANCORP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of U S BANCORP FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 15 people; 6 received compensation from the organization, the highest $499,921 (REVATHI DOMINSKI, CHAIR & PRESIDENT).
- How much revenue does U S BANCORP FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $54,255,321, expenses of $69,028,763 and total assets of $138,162,953 at year end.
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