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EIN 41-1306950

Medtronic Foundation

IRS 501(c) type
501(c)(3)
Num. employees
18
City
Minneapolis
State
Minnesota
Year formed
1977
Most recent tax filings
2023-04-01
NTEE code, primary
T21: Corporate foundations
Description
The Medtronic Foundation is a private foundation that is supported by Medtronic Inc. It made 39 grants last year.
Also known as...
Medtronic Communities Foundation
Total revenues
$2,010,402
2023
Total expenses
$24,999,051
2023
Total assets
$27,427,865
2023
Num. employees
18
2023

Grants made by Medtronic Foundation

GranteeGrant descriptionAmount
The Blackbaud Giving FundUs Match Giving$8,724,944
Thurgood Marshall College Fund (TMCF)Milestone Based Payment$2,500,000
Puerto Rico Science Technology and Research TrustMilestone Based Payment$1,400,000
...and 40 more grants made totalling $22,274,518

Personnel at Medtronic Foundation

NameTitleCompensation
Paurvi BhattFormer President / President , Vice Chair / Senior Director , Medtronic Comm DN$493,128
Barklet SylviaSenior Director Philant$304,805
Daly JessicaDirector Philanthrop$253,377
Fedorov LaraProgram Manager / Senior Portfolio Man$123,844
Scheck DonnaProgram Manager / Analytics Program Ma$143,306
...and 4 more key personnel

Financials for Medtronic Foundation

RevenuesFYE 04/2023
Total grants, contributions, etc.$1,508,081
Investment income and dividends$1,143,477
Net rental income$0
Net gain from sale of non-inventory assets$-641,156
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,010,402

Form 990s for Medtronic Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-042024-03-01990PFView PDF
2022-042023-03-15990PFView PDF
2021-042022-03-13990PFView PDF
2020-042021-06-17990PFView PDF
2019-042020-07-02990PRView PDF
...and 7 more Form 990s

Organizations like Medtronic Foundation

OrganizationLocationRevenue
RX FoundationHadley, MA$1,455,412
Smidt Family FoundationNewbury Park, CA$2,955,854
Boone Family FoundationDallas, TX$1,528,124
Lynde and Harry Bradley FoundationMilwaukee, WI$1,893,272
Mcleod Family FoundationRoanoke, VA$3,996,275
Akerson Family Foundation- AgyCharlotte, NC$994,527
Mccullough Family FoundationKansas City, MO$627,195
Third Federal FoundationCleveland, OH$1,393,967
Merkle FoundationPittsburgh, PA$646,508
LARRK FoundationDenver, CO$996,697
Data update history
May 21, 2024
Updated personnel
Identified 6 new personnel
August 15, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 25, 2023
Updated personnel
Identified 1 new personnel
June 18, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 15, 2023
Updated personnel
Identified 6 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donations
General information
Address
710 Medtronic Pkwy
Minneapolis, MN 55432
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Anoka County, MN
Website URL
foundation.medtronic.com/us-en/index.html 
Phone
(763) 505-2639
IRS details
EIN
41-1306950
Fiscal year end
April
Taxreturn type
Form 990-PF
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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