University Of Minnesota Foundation

University Of Minnesota Foundation 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 06/2020, University Of Minnesota Foundation employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, University Of Minnesota Foundation generated $247.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $258.6m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, University Of Minnesota Foundation has awarded 46 individual grants totaling $1,250,364,226. 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

2020

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. U OF M CAMPUSES ARE LOCATED IN MINNEAPOLIS/ST. PAUL, CROOKSTON, DULUTH, MORRIS, AND ROCHESTER. DISTRIBUTION BY PURPOSE INCLUDED $63M TO STUDENT SUPPORT, $59M TO PROGRAM SUPPORT, $36M TO RESEARCH AND COMMUNITY OUTREACH/ENGAGEMENT, $26M TO FACULTY AND STAFF SUPPORT, AND $18M TO CAPITAL IMPROVEMENTS.


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University Of Minnesota Foundation Board, Officers & Key Employees

University Of Minnesota Foundation Vendors

Vendor Name (Service)Compensation
Architect Mechanical Inc
Contractor Services
$464,878
Lathrop Gpm
Legal Services
$777,351
Us Bank
Bank & Trust Fees
$415,145
Aldes Inc
Janitorial & Painting Services
$375,371
Diffstrat Companies Inc
Employee Workshops & Seminars
$288,340
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$651,583
Related organizations$664,449
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$268,773,073
Noncash contributions included in lines 1a–1f $7,683,939
Total Revenue from Contributions, Gifts, Grants & Similar$270,089,105
Total Program Service Revenue$0
Investment income $26,752,875
Tax Exempt Bond Proceeds $0
Royalties $37,687
Net Rental Income $116,951
Net Gain/Loss on Asset Sales -$49,711,115
Net Income from Fundraising Events $207,803
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $247,493,306

University Of Minnesota Foundation Grants Awarded

Over the last fiscal year, University Of Minnesota Foundation has awarded $202,039,319 in support to 6 organizations.

Grant RecipientAmount

UNIVERSITY OF MINNESOTA

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

$201,733,267

CHILDRENS CANCER RESEARCH FUND

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: Transfer gift funds per donor intent to Childrens Cancer Research Fund.

$100,000

MINNESOTA LANDSCAPE ARBORETUM FOUNDATION

Org PageRecipient Profile

Chaska, MN

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

$97,029

GEORGETOWN FAMILY CENTER 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 spendable to Georgetown Family Center, Washington D.C. for the Bowen Center for the Study of the Family.

$52,464

Saint Paul, MN

PURPOSE: Grant to facilitate future MBOLD, food and ag partnership initiatives ; University of Minnesota is a MBOLD member.

$49,503

UNIVERSITY OF MINNESOTA PHYSICIANS

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: Fund grant to support the University of Minnesota Physicians Mill City Clinic.

$7,056
View Grant Profile

University Of Minnesota Foundation Grants Recieved

Over the last fiscal year, we have identified 120 grants that University Of Minnesota Foundation has recieved totaling $25,167,950.

Awarding OrganizationAmount
Land O L Foundation

St Paul, MN

PURPOSE: EXPANDED PARTNERSHIP/CENTER FOR EXCELLENCE - 10 YRS. 2015-24

$9,000,000
Childrens Cancer Research Fund

Minneapolis, MN

PURPOSE: PEDIATRIC CANCER RESEARCH

$5,010,019
Saint Paul & Minnesota Foundation

Saint Paul, MN

PURPOSE: MULTIPLE PURPOSES

$1,658,991
Childrens Cancer Research Fund

Minneapolis, MN

PURPOSE: CELL, GENE & IMMUNOTHERAPY EQUIPMENT

$925,000
Childrens Cancer Research Fund

Minneapolis, MN

PURPOSE: OSTEOSARCOMA RESEARCH

$653,892
Zsolt & Mary Rumy Charitable Trust

Tequesta, FL

PURPOSE: RUMY INNOVATION CHAIR RUMY CENTENNIAL SCHOLARSHIP FUND

$625,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,755,064,512
Earnings-$37,692,533
Net Contributions$60,597,739
Other Expense$33,613,232
Grants$29,743,222
Ending Balance$1,714,613,264

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