EIN 41-6042488

University of Minnesota Foundation (UMF)

IRS 501(c) type
501(c)(3)
Num. employees
54
Year formed
1962
Most recent tax filings
2023-06-01
Description
University of Minnesota Foundation's mission is to connect passion with possibility, inspire generosity, and support greatness at the University of Minnesota.
Total revenues
$428,104,208
2023
Total expenses
$329,663,282
2023
Total assets
$4,484,124,199
2023
Num. employees
54
2023

Program areas at UMF

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 $75m to student support, $91m to program support, $41m to research and community outreach/engagement, $33m to faculty and staff support, and $23m to capital improvements.

Grants made by UMF

GranteeGrant descriptionAmount
Fairview Health ServiceFund Grants To Support the University of Minnesota Hospital and Clinical Programming at M Health Fairview.$6,769,246
Minnesota Landscape Arboretum FoundationThe Minnesota Landscape Arboretum Foundation Is A Recognized Foundation of the University of Minnesota.$4,284,530
University of Minnesota PhysiciansFund Grant To Support the University of Minnesota Physicians Mill City and Broadway Clinics.$213,750
...and 2 more grants made

Who funds University of Minnesota Foundation (UMF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$4,168,381
Lynne and Andrew Redleaf FoundationBuilding Funds$3,010,000
Schwab Charitable FundEducation$2,414,454
...and 418 more grants received totalling $54,431,450

Personnel at UMF

NameTitleCompensation
Kathleen M SchmidlkoferPresident and Chief Executive Officer$663,238
Christine K SearsonVice President and Chief Financial Officer$349,101
Carol CuroeVice President$202,840
Pat MasciaRea Managing Director$506,847
Kathleen L PickardPast Vice President and Chief Financial Officer$303,489
...and 5 more key personnel

Financials for UMF

RevenuesFYE 06/2023
Total grants, contributions, etc.$264,630,179
Program services$0
Investment income and dividends$48,944,590
Tax-exempt bond proceeds$0
Royalty revenue$54,948
Net rental income$-821,394
Net gain from sale of non-inventory assets$112,285,324
Net income from fundraising events$485,606
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,524,955
Total revenues$428,104,208

Form 990s for UMF

Fiscal year endingDate received by IRSFormPDF link
2022-062023-03-17990View PDF
2021-062022-04-22990View PDF
2020-062021-04-14990View PDF
2019-062021-01-21990View PDF
2018-062019-06-19990View PDF
...and 8 more Form 990s
Data update history
May 17, 2024
Updated personnel
Identified 6 new personnel
May 17, 2024
Used new vendors
Identified 1 new vendor, including
February 4, 2024
Received grants
Identified 6 new grant, including a grant for $2,055,852 from The Minneapolis Foundation
February 3, 2024
Received grants
Identified 145 new grant, including a grant for $3,010,000 from Lynne and Andrew Redleaf Foundation
October 26, 2023
Received grants
Identified 54 new grant, including a grant for $1,700,000 from WEM Foundation
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Operates donor advised fundsProvides grantsFundraising eventsOperates internationallyState / local levelEndowed supportTax deductible donations
General information
Address
200 Oak St Se 500
Minneapolis, MN 55455
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
give.umn.edu/ 
Phone
(612) 624-3333
Facebook page
UofMGiving 
Twitter profile
@umn_give 
IRS details
EIN
41-6042488
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1962
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B50: Graduate, Professional Schools
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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