About Us Bank Foundation
US Bank Foundation makes very large, concentrated grants to a small number of institutional partners, favoring general operating support over restricted project funding. The foundation's biggest investments are in major institutional actors such as a single large, but unspecified, grantee (listed as “SEE ATTACHED”) and the University of Minnesota Foundation, suggesting a focus on strengthening flagship regional institutions and broadly supporting their missions rather than many small community grants.
Focus Areas
Unrestricted general operating support to major institutional partnersHigher education philanthropy (university endowments/foundations, e.g., University of Minnesota Foundation)Large-scale regional or statewide initiatives administered through anchor organizations
Giving Approach
Highly concentrated giving: very few grants (4 total) with the vast majority of dollars going to two recipients (three large grants to one undisclosed grantee and a major grant to a university foundation). Grants are large and likely multi-year or endowed/general purpose rather than small, project-specific awards.
Funding Style
general operating supportunrestricted supportcore/organizational funding
About Us Bank Foundation
US Bank Foundation’s recent giving is defined by very large general operating grants to a small set of institutional partners. Three consecutive awards to See Attached in Milwaukee, each above $32 million, show a pattern of sustaining core organizational work rather than financing narrow projects. The fourth-largest recent grant, a $11,814,140 general purpose award to University of Minnesota Fdn in Minneapolis, points to a second lane of support: strengthening major regional institutions through flexible funding. That pattern fits the foundation’s broader grantmaking profile. It operates through concentrated, high-value awards and favors unrestricted or general-purpose support over tightly restricted project grants. The recipients visible in the recent grants list are all U.S.-based and all anchored in the Midwest, with Milwaukee appearing repeatedly. In practice, the foundation looks less like a broad small-grants funder and more like a capital partner for a limited number of organizations that already play a large institutional role. The foundation’s public program structure also shows interest in community development, housing stability, workforce opportunity, and student support, but the recent grants data indicates that its largest commitments are directed toward general support for anchor institutions.
What Us Bank Foundation Funds
In higher education philanthropy, US Bank Foundation gave $11,814,140 to University of Minnesota Fdn for general purpose support. That grant sits alongside the foundation’s larger pattern of flexible funding for established institutions. General operating support is the clearest thread in the recent grants list. A $54,596,852 award to See Attached in 2025 and a $38,232,206 award in 2024 were both listed as general operating, showing repeated support for the same recipient over multiple years. The foundation also maintains program channels tied to community development. Its Opportunity Fund targets CDFIs, MDIs, and organizations serving LMI communities and underserved entrepreneurs, including developers of color, women, BIPOC, and LGBTQ+ entrepreneurs. Separate program areas include housing through Home Grants, public-space and arts work through Play Grants, and services for active-duty military, veterans, and their families through the Service to Armed Forces Program.
How Us Bank Foundation Gives
Financial Snapshot
Annual Giving
$66.4M
Total Assets
$138.2M
Total Revenue
$54.3M
Total Expenses
$69M
Typical Grant Size
Most grants fall between $33.6M and $36.7M, with a median of $35.1M.
25th Percentile
$33.6M
Median
$35.1M
75th Percentile
$36.7M
Geographic Reach
Regional2 states funded
Funding intensity
LowHigh
Headquarters
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