Mayo Clinic is a nonprofit, 501(c)(3) public charity based in Rochester, Minnesota. Established in 1947, it operates as a comprehensive healthcare organization providing acute and long-term health care, clinical practice, education, and research. The organization serves approximately 1.3 million patients from over 130 countries annually across multiple campuses and maintains a mission centered on compassionate, world-class care.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26.7B
+14.3% YoY
Annual Giving
$572.1M
-36.7% YoY
Grant Count
256
-7.2% YoY
Avg Grant Size
$2.2M
-31.7% YoY
Mission & Focus Areas
Mayo Clinic's mission is to advance patient care, research, and education strategic priorities by inspiring and inviting charitable and corporate support. The organization is committed to clinical practice, education, and research, providing whole-person care to everyone who needs healing.
Primary funding interests include:
- Health (general)
- Community Health Systems
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
Mayo Clinic operates several grant programs:
Review Cycle
November 30th (decision by February)
Ready to take the next step with Mayo Clinic?
Geographic Focus
Where this funder awards grants
Mayo Clinic provides support nationally, with particular emphasis on:
- Minnesota (primary location)
- California
- New York
- Florida
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- $26.68 billion (as of most recent reporting)
- $22.11 billion (ledger value, as of December 2022)
Revenue & Income:
- $14.47 billion in income (year ending December 2022)
- $7.1 billion in total revenue (year ending December 2022)
Investments:
- $16.1 billion in investments (as of December 2022)
Staffing:
- 29,136 employees (as of December 2022)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $26,682,635,058 | $23,339,620,165 | $22,107,639,425 |
| Revenue | $7,929,118,794 | $7,424,970,925 | $7,075,354,210 |
| Expenses | $6,313,480,074 | $6,179,398,335 | $5,677,955,626 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,167,784,969 | $649,564,702 | $592,500,111 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
4 open opportunities from Mayo Clinic
Mayo Clinic Community Contributions Program in Florida: Access to Care Grant
MAYO CLINIC
Amount
Varies
Deadline
Rolling / Open
Mayo Clinic Community Contributions Program in Florida: Food Environment - Access to Nutritious Food Grant
MAYO CLINIC
Amount
Varies
Deadline
Rolling / Open
Mayo Clinic Community Contributions Program in Florida: Mental Health Grant
MAYO CLINIC
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FARRUGIA MD GIANRICO | TRUSTEE/PRESIDENT/CEO | 1 | — |
| THIELEN MD KENT R | TRUSTEE/VP | 1 | — |
| GRAY MD RICHARD J | TRUSTEE/VP | 1 | — |
| WILLIAMS MD AMY W | TRUSTEE | 1 | — |
| ZORN CHRISTINA K | TRUSTEE/VP | 1 | — |
| DAHLEN DENNIS E | CFO | 1 | — |
| MURPHY JOSHUA B | SECY | 1 | — |
| GORMAN PAUL A | TREASURER | 1 | — |
| LANZINO MD GIUSEPPE | PHYSICIAN | 40 | $1,554,724 |
| GORES MD GREGORY J | FORMER KEY EMPLOYEE | 40 | $1,589,132 |
| KRAUSS MD WILLIAM E | PHYSICIAN | 40 | $1,576,058 |
| CLARKE MD MICHELLE J | PHYSICIAN | 40 | $1,495,190 |
| MARSH MD W RICHARD | DIR-SPINE CENTER | 40 | $1,479,544 |
| SPINNER MD ROBERT J | PHYSICIAN | 40 | $1,414,774 |
| SHAH MD VIJAY | EXECUTIVE DEAN OF RESEARCH | 40 | $1,193,147 |
| MENKOSKY PAULA E | FORMER OFFICER | — | — |
| OTLEY MD CLARK C | FORMER KEY EMPLOYEE | 40 | $1,155,205 |
| WILLIAMSON MARY J | CAO-MCS | 40 | $1,146,092 |
| MORICE MD WILLIAM G | CEO-MCS | 40 | $1,068,576 |
| AMMASH MD NASER M | FORMER KEY EMPLOYEE | 40 | $773,838 |
| DIDEHBAN ROSHANAK | TRUSTEE/ASST SECY | 1 | — |
| ARNETT JENNIFER P | CHIEF DEVELOPMENT OFFICER | 40 | $1,057,222 |
| RIHAL MD CHARANJIT S | TRUSTEE | 40 | $1,021,863 |
| CALLSTROM MD MATTHEW R | TRUSTEE | 40 | $972,259 |
| PAGNANO MD MARK W | PHYSICIAN | 40 | $957,862 |
| NOSEWORTHY MD PETER A | DIV CHAIR-HEART RHYTHM | 40 | $914,196 |
| WALD MD JOHN T | FORMER KEY EMPLOYEE | 40 | $826,873 |
| GALANIS MD EVANTHIA | EXECUTIVE DEAN OF DEVELOPMENT | 40 | $845,049 |
| KENDRICK MD MICHAEL L | CHAIR-SURGERY | 40 | $836,116 |
| DUNN AJANI N | TRUSTEE/ASST SECY | 1 | — |
| WILLIAMSON MD ERIC E | PHYSICIAN | 40 | $851,971 |
| DOWDY MD SEAN C | CHIEF VALUE OFFICER | 40 | $816,885 |
| HARA MD AMY K | TRUSTEE | 1 | — |
| CAINE NATALIE A | TRUSTEE | 40 | $810,665 |
| LEIBOVICH MD BRADLEY C | PHYSICIAN | 40 | $785,911 |
| FONSECA MD RAFAEL | TRUSTEE | 1 | — |
| CIMA MD ROBERT R | FORMER KEY EMPLOYEE | 40 | $692,205 |
| FRANK MD IGOR | PHYSICIAN | 40 | $699,669 |
| MCLAUGHLIN MD SARAH A | TRUSTEE | 1 | — |
| BROWN MD DANIEL R | DIRECTOR-CRITICAL CARE | 40 | $684,365 |
| BROWN MD MICHAEL J | PHYSICIAN | 40 | $692,912 |
| DIETER HEIDI L | CHAIR-RESEARCH ADMIN | 40 | $681,748 |
| KHAN MD AMIR R | PHYSICIAN | 40 | $645,498 |
| PETERS MD STEVE G | FORMER KEY EMPLOYEE | 40 | $666,429 |
| POE JOHN D | FORMER KEY EMPLOYEE | — | — |
| WATSON MD JAMES C | CHAIR-PAIN MEDICINE | 40 | $630,251 |
| GAZELKA MD HALENA M | FORMER KEY EMPLOYEE | — | — |
| FRANCIS JAMES R | ASST TREASURER | 1 | — |
| FAMUYIDE MBBS ABIMBOLA O | TRUSTEE | 40 | $593,461 |
| COMFERE MD NNEKA I | TRUSTEE | 40 | $627,425 |
| HAYES MD SHARONNE N | FORMER KEY EMPLOYEE | 40 | $559,563 |
| BERBARI MD ELIE F | CHAIR-INTERNAL MEDICINE | 40 | $468,759 |
| HOLTAN DOUGLAS J | CHAIR-FACILITIES | 40 | $478,516 |
| AMSTUTZ GWENDOLYN J | EXECUTIVE LEADER-HARWICK | 40 | $462,303 |
| HUBERT SHERRY L | ASST SECY | 1 | — |
| NARR MD BRADLY J | FORMER KEY EMPLOYEE | 40 | $418,690 |
| NORBY SUSAN M | FORMER OFFICER | — | — |
| HORLOCKER MD TERESE T | FORMER KEY EMPLOYEE | 40 | $378,608 |
| SMITH CHUCK J | ASST TREASURER | 1 | — |
| BROWN WILLIAM A | ASST TREASURER | 1 | — |
| PECK KRISTIN | TRUSTEE | 5 | — |
| ROBO JAMES L | TRUSTEE | 5 | — |
| SHANNON MICHAEL | TRUSTEE | 5 | — |
| ROBERTS ROBIN R | TRUSTEE | 5 | — |
| ALIX JAY | TRUSTEE | 5 | — |
| POWELL MICHAEL K | TRUSTEE/CHAIR | 5 | — |
| REMY DONALD M | TRUSTEE | 5 | — |
| STEER MD RANDOLPH C | TRUSTEE | 5 | — |
| BAICKER KATHERINE | TRUSTEE | 5 | — |
| BAKER JR DOUGLAS M | TRUSTEE | 5 | — |
| BILICIC GEORGE W | TRUSTEE | 5 | — |
| BURNS URSULA M | TRUSTEE | 5 | — |
| DAVIS JED V | TRUSTEE | 5 | — |
| DAVIS RICHARD K | TRUSTEE | 5 | — |
| GERBERDING MD JULIE L | TRUSTEE | 5 | — |
| HALVORSON GEORGE C | TRUSTEE | 5 | — |
| PERETSMAN NANCY B | TRUSTEE | 5 | — |
| ROTHBLATT A MARTINE | TRUSTEE | 5 | — |
| SCHMIDT ERIC E | TRUSTEE | 5 | — |
| SWEENEY ANNE M | TRUSTEE | 5 | — |
Recent News & Activity
Recent developments and announcements
Mayo Clinic received a $75 million gift from the Grainger family to transform healthcare logistics
Mayo Clinic receives $75 million gift from Grainger family to transform healthcareAwarded up to $40 million by ARPA-H for pioneering air safety research
Mayo Clinic awarded up to $40 million by ARPA-H for pioneering air safetyMinnesota Partnership awarded four collaborative research grants for 2024
Minnesota Partnership awards four collaborative research grants for ...Mayo Clinic & University of Wisconsin-La Crosse Collaborative Seed Grant Program active
Minnesota Partnership awards four collaborative research grants for ...Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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