Step 5: Created a dataset of all Minnesota private foundations in FY 2014
As we completed the first four steps of our process, we realized that in order to truly understand how PRIs fit into the overall landscape of Minnesota private foundation activity, we needed to understand that landscape itself at a deeper level. So we created a separate dataset that included 40 columns of Form 990-PF information for each of the 1,470 Minnesota private foundations with fiscal year 2014 tax forms available in GuideStar. We chose to analyze fiscal year 2014 because it was the most recent year for which over 90% of existing Minnesota private foundations had Forms 990-PF available for review.