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
WEM FoundationGeneral$5,000,000
Bentson FoundationGeneral$3,066,000
Lynne and Andrew Redleaf FoundationBuilding Funds$3,010,000
...and 461 more grants received totalling $70,592,059

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
Thomas G. OlsonSecretary$0
...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
2023-062024-03-26990View PDF
2022-062023-03-17990View PDF
2021-062022-04-22990View PDF
2020-062021-04-14990View PDF
2019-062021-01-21990View PDF
...and 9 more Form 990s

Organizations like UMF

OrganizationLocationRevenue
University of Illinois FoundationChampaign, IL$450,262,389
University of Arizona FoundationTucson, AZ$221,291,216
Oklahoma State University FoundationStillwater, OK$281,473,035
Kansas State University FoundationManhattan, KS$185,341,726
Virginia Tech FoundationBlacksburg, VA$222,260,777
The Miami FoundationMiami, FL$133,524,071
LSU FoundationBaton Rouge, LA$107,404,676
Georgia Tech FoundationAtlanta, GA$238,958,217
ASU FoundationTempe, AZ$299,319,127
Saint Paul and Minnesota FoundationSaint Paul, MN$114,417,024
Data update history
November 26, 2024
Received grants
Identified 89 new grant, including a grant for $5,000,000 from WEM Foundation
August 25, 2024
Received grants
Identified 145 new grant, including a grant for $3,066,000 from Bentson Foundation
May 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $92,010 from Carly May Foundation
May 17, 2024
Updated personnel
Identified 6 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Operates donor advised fundsProvides grantsFundraising eventsOperates internationallyState / local levelEndowed supportTax deductible donationsAccepts online 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
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
044736
FTB Entity ID
1010890
AB 488 data last updated ("as-of") date
2024-11-20
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