Medtronic Global Health Foundation
Medtronic Global Health Foundation is a private foundation based in Minneapolis, Minnesota, established in 2016. The foundation operates as a 501(c)(3) organization with tax-exempt status and is classified as a corporate foundation. It functions as the philanthropic arm supporting global health initiatives, with a focus on improving health outcomes for underserved populations worldwide.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$44.5M
+38.1% YoY
Revenue
$14.5M
+4430.4% YoY
Qualifying Distributions
$12.7M
+56.8% YoY
Expenses
$277K
+35.5% YoY
Under IRS private-foundation payout rules, Medtronic Global Health Foundation reported a distributable amount of $499K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's work centers on expanding access to healthcare and improving health outcomes for underserved populations. Primary funding areas include:
- Global Health
- International Development and Relief Services
- Public Health and Preventative Medicine
- Non-communicable diseases including heart disease, diabetes, and stroke
- Health equity initiatives
- Digital health acceleration
Grantmaking
Grant Range
$100,000
Review Cycle
vary, with most programs due between September 15 and January 31
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Minnesota, Georgia, and New York, which account for 53% of all grants. Grantmaking reaches organizations across 9 states, with a significant international focus reflecting the foundation's global health mission.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (as of April 2024):
- Total assets: $44.5 million
- Annual income: $14.5 million
- Total grants and contributions: $14 million
- Investment income and dividends: $495,304
- Total expenses: $277,365
Asset Growth:
- Total assets have grown from $652,000 in 2018 to $44.5 million as of 2024
- Assets reached $32.2 million in 2022
Liabilities:
- Total liabilities: $461,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $44,456,098 | $32,179,610 | $29,870,787 |
| Revenue | $14,495,304 | $319,955 | $23,074,710 |
| Expenses | $277,365 | $204,702 | $348,117 |
| Qualifying Distributions | $12,711,614 | $8,105,315 | $7,692,752 |
| Net Investment Income | $495,102 | $312,854 | $78,994 |
| Distributable Amount | $499,248 | $630,756 | $943,910 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
52 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Leadership team and compensation from IRS filings
Jacob Gayle serves as the principal officer of the foundation. The foundation is governed by 11 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RUCHIKA SINGHAL | DIRECTOR AND CHAIRMAN OF THE BOARD | 15 | — |
| VICTORIA DAVIS | TREASURER | 18 | — |
| MARTHA HA | SECRETARY | 0.2 | — |
| GIORDANA BELENCHIA | ASSISTANT SECRETARY | 2 | — |
| GEOFFREY S MARTHA | DIRECTOR | 0.2 | — |
| KAREN L PARKHILL | DIRECTOR | 0.2 | — |
| TOROD NEPTUNE | DIRECTOR | 0.2 | — |
Recent News & Activity
Recent developments and announcements
The foundation has announced partnerships focused on health equity and expanding reach to underserved populations. Recent initiatives include:
Medtronic Foundation launches new STEM partnerships to serve over 60,000Partnership with Children's Heartlink focusing on health equity for 10,000 children and 10,000 health workers in underserved countries
The Medtronic Foundation and Children's Heartlink Focus New Partnership onExpansion of STEM equity partnerships to reach over 30,000 students in new locations
COVID-19 funding directed toward frontline health workers and critical local aid in Black, Indigenous, and People of Color communities
Grants to accelerate the potential of digital health initiatives
Foundation announces new grants to accelerate potential of digital ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Medtronic Global Health Foundation fund?
The foundation's work centers on expanding access to healthcare and improving health outcomes for underserved populations. Primary funding areas include: • Global Health • International Development and Relief Services • Public Health and Preventative Medicine • Non-communicable diseases including heart disease, diabetes, and stroke • Health equity initiatives • Digital health acceleration
How do I apply for a grant from Medtronic Global Health Foundation?
**Grant Activity:** • Historical grant-making has totaled $5.8 million across 34 grants • Median grant size: $100,000 • Grant range: $10,000 to $1,000,000 • Average award: $169,000 • The foundation has supported 27 unique organizations **Recent Giving Trends:** • Annual giving has fluctuated significantly, decreasing from $4.3 million in 2021 to $50,000 in 2023 • Most recent fiscal year (2024) shows total revenues of $14.5 million **Application Process:** • The foundation accepts applications •…
Where does Medtronic Global Health Foundation make grants?
The foundation primarily supports organizations in Minnesota, Georgia, and New York, which account for 53% of all grants. Grantmaking reaches organizations across 9 states, with a significant international focus reflecting the foundation's global health mission.
How much is Medtronic Global Health Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Medtronic Global Health Foundation reported a distributable amount of $499K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Medtronic Global Health Foundation's EIN?
Medtronic Global Health Foundation's EIN (Employer Identification Number) is 81-2307516. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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