A NON-PROFIT ORGANIZATION WITH THE SOLE PURPOSE OF SUPPORTING THE UNIVERSITY OF MINNESOTA WITH A MISSION TO CONNECT PASSION WITH POSSIBILITY, INSPIRE GENEROSITY, AND SUPPORT GREATNESS AT THE UNIVERSITY OF MINNESOTA.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9B
+9.0% YoY
Annual Giving
$283.5M
+7.9% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$40.5M
-7.5% YoY
About University of Minnesota Foundation
Based on IRS filings
University of Minnesota Foundation is a nonprofit organization focused on Education, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.9B in total assets. In 2024, it awarded 7 grants totaling $283.5M. Net investment income was $281.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,888,350,212 | $4,484,124,199 | $4,264,297,877 |
| Revenue | $524,006,934 | $428,104,208 | $372,579,336 |
| Expenses | $353,145,790 | $329,663,282 | $259,725,296 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $281,061,089 | $161,229,914 | $38,144,025 |
| 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 7 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
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 |
|---|---|---|---|
| KATHLEEN M SCHMIDLKOFER | PRESIDENT/CEO | 40 | $693,132 |
| JACQUELINE R WILLIAMS-ROLL | TRUSTEE/CHAIR | 0.4 | — |
| SHARI L BALLARD | TRUSTEE/PAST CHAIR | 0.4 | — |
| KENNETH C GLASER | TRUSTEE/VICE CHAIR | 0.4 | — |
| ROGER J SIT | TRUSTEE/TREASURER | 0.4 | — |
| THOMAS G OLSON | TRUSTEE/SECRETARY | 0.4 | — |
| BLYTHE A BRENDEN | TRUSTEE | 0.4 | — |
| DOROTHY J BRIDGES | TRUSTEE | 0.4 | — |
| LYNN CASEY | TRUSTEE | 0.4 | — |
| REBECCA A CROOKS-STRATTON | TRUSTEE | 0.4 | — |
| MARY A DAVENPORT | TRUSTEE | 0.4 | — |
| KATHIE EILAND-MADISON | TRUSTEE | 0.4 | — |
| ACOOA ELLIS | TRUSTEE | 0.4 | — |
| JEFF ETTINGER | TRUSTEE | 0.4 | — |
| MICHAEL B FITERMAN | TRUSTEE | 0.4 | — |
| JULIE E GILBERT | TRUSTEE | 0.4 | — |
| KURT E HEIKKILA | TRUSTEE | 0.4 | — |
| PAHOUA HOFFMAN | TRUSTEE | 0.4 | — |
| HOYT M HSIAO | TRUSTEE | 0.4 | — |
| DOUGLAS A HUEBSCH | TRUSTEE | 0.4 | — |
| MICHAEL H JOHNSON | TRUSTEE | 0.4 | — |
| RUTH E JOHNSON | TRUSTEE | 0.4 | — |
| EZELL JONES | TRUSTEE (UNITL 11/15/2023) | 0.4 | — |
| JAMES K LEE | TRUSTEE | 0.4 | — |
| MICHAEL P LEHAN | TRUSTEE | 0.4 | — |
| BETH KIEFFER LEONARD | TRUSTEE | 0.4 | — |
| ROSS LEVIN | TRUSTEE | 0.4 | — |
| JOHN E LINDAHL | TRUSTEE | 0.4 | — |
| LAURIE MARSH | TRUSTEE | 0.4 | — |
| DAVID J MEYER | TRUSTEE (UNITL 11/15/2023) | 0.4 | — |
| DAVID C MORTENSON | TRUSTEE (UNITL 11/15/2023) | 0.4 | — |
| ABDUL M OMARI PHD | TRUSTEE | 0.4 | — |
| LISA OPOKU JD | TRUSTEE | 0.4 | — |
| RICHARD T OSTLUND JD | TRUSTEE | 0.4 | — |
| BETHANY M OWEN | TRUSTEE | 0.4 | — |
| LYNNE REDLEAF | TRUSTEE | 0.4 | — |
| MICHAEL F ROMAN | TRUSTEE | 0.4 | — |
| PHILIP E SORAN | TRUSTEE | 0.4 | — |
| TY R SILBERHORN | TRUSTEE | 0.4 | — |
| ESTA E STECHER | TRUSTEE | 0.4 | — |
| DARRELL A THOMPSON | TRUSTEE | 0.4 | — |
| ERIK M TORGERSON | TRUSTEE | 0.4 | — |
| PETER A VORBRICH | TRUSTEE | 0.4 | — |
| BRADFORD W WALLIN | TRUSTEE | 0.4 | — |
| THERESA B WARD | TRUSTEE | 0.4 | — |
| NANCY WISER STEFANI | TRUSTEE | 0.4 | — |
| CHRISTINE K SEARSON | VICE PRESIDENT/CFO | 40 | $376,543 |
| PAT MASCIA | UMFREA MANAGING DIRECTOR | 40 | $518,923 |
| ROBERT J BURGETT | SENIOR VICE PRESIDENT | 40 | $437,790 |
| PATRICIA K PORTER | VICE PRESIDENT | 40 | $427,492 |
| JAMES G AAGAARD | VICE PRESIDENT (UNTIL 1/3/2024) | 40 | $313,506 |
| MICHAEL COHEN | VICE PRESIDENT | 40 | $195,080 |
| SARAH E YOUNGERMAN | VICE PRESIDENT | 40 | $275,318 |
| SOPHIA KHAN | VICE PRESIDENT | 40 | $165,744 |
| CATHERINE MCGLINCH | ASSOCIATE VICE PRESIDENT | 40 | $265,140 |
| ELIZABETH PATTY | ASSOCIATE VICE PRESIDENT | 40 | $269,214 |
| KRISTI FLANAGAN VILLAR | ASSOCIATE VICE PRESIDENT | 40 | $264,570 |
| STEVEN M CORKERY | ASSOCIATE VICE PRESIDENT | 40 | $270,054 |
| TRAVIS SMITH | ASSOCIATE VICE PRESIDENT | 40 | $300,654 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Love 4 One Another Charities
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Minnesota Citizens Concerned
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Assets
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Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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