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
Among its reported 2024 grants, the largest include University of Minnesota ($270,821,870), Fairview Health Services ($10,305,846), The Minneapolis Foundation ($1,937,796).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF MINNESOTA MINNEAPOLIS, MN | THE FOUNDATION PROVIDES FUND GRANTS TO AND FOR THE BENEFIT OF THE UNIVERSITY OF MINNESOTA. | $270,821,870 |
| FAIRVIEW HEALTH SERVICES ST PAUL, MN | FUND GRANTS TO SUPPORT THE UNIVERSITY OF MINNESOTA HOSPITAL AND CLINICAL PROGRAMMING AT M HEALTH FAIRVIEW. | $10,305,846 |
| THE MINNEAPOLIS FOUNDATION MINNEAPOLIS, MN | FUND GRANT PER DONOR AGREEMENT TO MOVE FUNDS TO ANOTHER 501(C)3 | $1,937,796 |
| UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION MINNEAPOLIS, MN | FUND GRANT TO SUPPORT THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION. | $200,000 |
| MINNESOTA LANDSCAPE ARBORETUM FOUNDATION CHASKA, MN | THE MINNESOTA LANDSCAPE ARBORETUM FOUNDATION IS A RECOGNIZED FOUNDATION OF THE UNIVERSITY OF MINNESOTA. | $179,041 |
| BOWEN CENTER FOR THE STUDY OF THE FAMILY WASHINGTON, DC | FUND GRANT PER CHARITABLE REMAINDER TRUST AGREEMENT TO MAKE ANNUAL DISTRIBUTION OF ENDOWMENT PAYOUT. | $62,495 |
| UNIVERSITY OF MINNESOTA PHYSICIANS MINNEAPOLIS, MN | FUND GRANT TO SUPPORT THE UNIVERSITY OF MINNESOTA PHYSICIANS MILL CITY CLINIC. | $10,262 |
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
Frequently Asked Questions
What is University of Minnesota Foundation?
University of Minnesota Foundation is a nonprofit organization focused on Education, based in MINNEAPOLIS, MN. It holds $4.9B in total assets as of 2024.
How large is University of Minnesota Foundation?
As of 2024, University of Minnesota Foundation holds $4.9B in total assets with $524.0M in annual revenue. It awarded 7 grants totaling $283.5M in 2024.
Where does University of Minnesota Foundation operate?
University of Minnesota Foundation has awarded grants in District of Columbia, Minnesota.
What size grants does University of Minnesota Foundation award?
In 2024, University of Minnesota Foundation awarded 7 grants totaling $283.5M — an average of about $40.5M per grant, based on its IRS Form 990 filings.
What is University of Minnesota Foundation's EIN?
University of Minnesota Foundation's EIN (Employer Identification Number) is 41-6042488. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in University of Minnesota Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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