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Manitou Fund rises near the top of Minnesota foundations

Article in the Star Tribune by Matt McKinney

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A White Bear Lake-based foundation suddenly has risen from obscurity to become one of the state’s largest charities, a change of fortune that has it scrambling to give away millions of dollars by the end of the year in order to retain its tax-exempt status.
But the recent infusion into the Manitou Fund of nearly $1 billion from the estate of Minnesota business magnate Donald G. McNeely has made even more puzzling the decision by foundation officials to pull the plug on a popular nature center on the St. Croix River that it had supported for half a century — one that McNeely himself sometimes visited before his death in 2009.

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