EIN 41-6042488

University of Minnesota Foundation (UMF)

IRS 501(c) type
501(c)(3)
Num. employees
56
Year formed
1962
Most recent tax filings
2020-06-01
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
$247,493,306
2020
Total expenses
$258,577,397
2020
Total assets
$3,368,130,769
2020
Num. employees
56
2020

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. 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.

Grants made by UMF

GranteeGrant descriptionAmount
Children's Cancer Research FundTransfer Gift Funds Per Donor Intent To Childrens Cancer Research Fund.$100,000
Minnesota Landscape Arboretum FoundationThe Minnesota Landscape Arboretum Foundation Is A Recognized Foundation of the University of Minnesota.$97,029
Georgetown Family Center the Bowen CenterFund 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
...and 2 more grants made

Who funds University of Minnesota Foundation (UMF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
UCare MinnesotaNew Mobile Community MTM Model Integrating Community Health Workers & Trains the Future Healthcare Workforce in How To Provide Mobile, MTM Team-Based Care. Contribution for Medical Education.$13,162,000
Children's Cancer Research FundPediatric Cancer Research$5,010,019
The Minneapolis FoundationCollege of Biological Sciences: Edith Walters Jones + Robert Jones Fellowship$3,877,088
...and 362 more grants received totalling $60,632,297

Personnel at UMF

NameTitleCompensation
Kathleen M. SchmidlkoferPresident and Chief Executive Officer$576,975
Christine K. SearsonVice President and Chief Financial Officer
Sarah E YoungermanVice President$234,503
Sarah HarrisRea Managing Director$327,904
Kathleen L PickardPast Vice President and Chief Financial Officer$333,746
...and 7 more key personnel

Financials for UMF

RevenuesFYE 06/2020
Total grants, contributions, etc.$270,089,105
Program services$0
Investment income and dividends$26,752,875
Tax-exempt bond proceeds$0
Royalty revenue$37,687
Net rental income$116,951
Net gain from sale of non-inventory assets$-49,711,115
Net income from fundraising events$207,803
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$247,493,306

Form 990s for UMF

Fiscal year endingDate received by IRSFormPDF link
2020-062021-04-14990View PDF
2019-062021-01-21990View PDF
2018-062019-06-19990View PDF
2017-062018-06-14990View PDF
2016-062017-10-04990View PDF
...and 6 more Form 990s
Data update history
August 4, 2022
Received grants
Identified 72 new grant, including a grant for $13,162,000 from UCare Minnesota
July 26, 2022
Posted financials
Added Form 990 for fiscal year 2020
April 16, 2022
Updated personnel
Identified 2 new personnel
October 3, 2021
Received grants
Identified 186 new grant, including a grant for $5,010,019 from Children's Cancer Research Fund
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Grantmaking organizationsResearch centersCharities
Issues
Social sciences
Characteristics
Funds one specific organizationOperates donor advised fundsProvides grantsConducts researchFundraising eventsOperates internationallyState / local levelEndowed supportTax deductible donations
General information
Address
200 Oak St Se No 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
V11: Social Science Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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