University Of Minnesota Foundation

Organization Overview

University Of Minnesota Foundation is located in Minneapolis, MN. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, University Of Minnesota Foundation employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Minnesota Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, University Of Minnesota Foundation generated $669.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $256.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, University Of Minnesota Foundation has awarded 70 individual grants totaling $1,855,632,340. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

A NON-PROFIT ORGANIZATION WITH THE SOLE PURPOSE OF SUPPORTING THE UNIVERSITY OF MINNESOTA WITH A MISSION TO CONNECT PASSION WITH POSSIBILITY, INSPIRE GENEROSITY, AND SUPPORT GREATNESS AT THE UNIVERSITY OF MINNESOTA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS AWARDED TO OR ON BEHALF OF THE UNIVERSITY OF MINNESOTA COLLEGIATE PROGRAMS IN SUPPORT OF TEACHING, RESEARCH, AND OUTREACH TO THE COMMUNITY. GRANTS AWARDED IN SUPPORT OF EDUCATION TO U OF M PROGRAM INCLUDING ACADEMIC HEALTH SERVICES, ATHLETICS, LIBRARIES, MINNESOTA EXTENSION SERVICE, MULTI-DISCIPLINARY AND SPECIAL PROJECTS, AND WEISMAN ART MUSEUM. GRANTS TO OTHER UNIVERSITY-RELATED FOUNDATION INCLUDE THE MINNESOTA LANDSCAPE ARBORETUM FOUNDATION. U OF M CAMPUSES ARE LOCATED IN MINNEAPOLIS/ST. PAUL, CROOKSTON, DULUTH, MORRIS, AND ROCHESTER. DISTRIBUTION BY PURPOSE INCLUDED $64M TO STUDENT SUPPORT, $51M TO PROGRAM SUPPORT, $40M TO RESEARCH AND COMMUNITY OUTREACH/ENGAGEMENT, $29M TO FACULTY AND STAFF SUPPORT, AND $18M TO CAPITAL IMPROVEMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Kathleen M Schmidlkofer
President/ceo
$586,183
Pat Mascia
Umfrea Managing Director
$433,333
Robert J Burgett
Senior Vice President
$399,153
Patricia K Porter
Vice President
$362,086
James G Aagaard
Vice President
$288,220
Christine K Searson
Vice President/cfo
$287,982

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Grenzebach Glier & Assoc
Development Consulting Services
$280,386
Marketing Communication Resource Inc
Printing And Publications
$354,661
Architect Mechanical Inc
Maintenance Services
$276,834
Stripe
Credit Card Processing
$259,399
Aldes Inc
Janitorial & Painting Services
$434,660
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$621,687
Related organizations$660,222
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$240,379,771
Noncash contributions included in lines 1a–1f $24,437,026
Total Revenue from Contributions, Gifts, Grants & Similar$241,661,680
Total Program Service Revenue$0
Investment income $18,079,561
Tax Exempt Bond Proceeds $0
Royalties $35,213
Net Rental Income -$723,518
Net Gain/Loss on Asset Sales $407,747,907
Net Income from Fundraising Events $213,701
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $669,514,544

Grants Awarded

Over the last fiscal year, University Of Minnesota Foundation has awarded $201,667,124 in support to 7 organizations.

Grant RecipientAmount

UNIVERSITY OF MINNESOTA

PURPOSE: The Foundation provides fund grants to and for the benefit of the University of Minnesota.

$198,754,432

FAIRVIEW HEALTH SERVICES

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: Fund grants to support the University of Minnesota Hospital and Clinical Programming at M Health Fairview

$1,796,489

MINNESOTA LANDSCAPE ARBORETUM FOUNDATION

Org PageRecipient Profile

Chaska, MN

PURPOSE: The Minnesota Landscape Arboretum Foundation is a recognized foundation of the University of Minnesota.

$657,924

UNIVERSITY OF MINNESOTA PHYSICIANS

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: Fund grant to support the University of Minnesota Physicians Mill City and Broadway Clinics

$295,743

UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION

Org PageRecipient Profile

St Paul, MN

PURPOSE: Fund grant to support the University of Minnesota Alumni Association.

$87,000

BOWEN CENTER FOR THE STUDY OF THE FAMILY

Org PageRecipient Profile

Washington, DC

PURPOSE: Fund grant per charitable remainder trust agreement to make annual distribution of endowment payout.

$56,414
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 20 grants that University Of Minnesota Foundation has recieved totaling $587,617.

Awarding OrganizationAmount
Seeding The Future Foundation

Wilmington, DE

PURPOSE: THE SEED RESEARCH PROJECTS FROM THE SALON

$125,000
Cremona Foundation

San Francisco, CA

PURPOSE: TO PROVIDE STUDENT SUPPORT, COMMUNITY OUTREACH AND RESEARCH.

$100,000
Annexstad Family Foundation

Mound, MN

PURPOSE: SCHOLARSHIP

$85,982
Rosemary And David Good Family Foundation

Minneapolis, MN

PURPOSE: PROGRAM SUPPORT

$50,000
Patch Foundation

Minneapolis, MN

PURPOSE: EDUCATIONAL

$50,000
Harold Lee And Vernita Ruth Mceachern Family Foundation Inc

Wilmington, DE

PURPOSE: FUND FOR THE SOFTBALL COMPLEX IN MORRIS, MN

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,407,624,926
Earnings-$97,765,502
Net Contributions$221,961,122
Other Expense$33,234,069
Grants$29,247,149
Ending Balance$2,469,339,328

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