Nonprofit · EIN 41-6042488
UNIVERSITY OF MINNESOTA FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55455
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $586,199,341 | $383,185,554 | $203,013,787 | $5,473,796,088 | $703,055,861 | $4,770,740,227 |
| June 30, 2024 | 990 | $524,006,934 | $353,145,790 | $170,861,144 | $4,888,350,212 | $525,460,962 | $4,362,889,250 |
| June 30, 2023 | 990 | $428,104,208 | $329,663,282 | $98,440,926 | $4,484,124,199 | $469,904,567 | $4,014,219,632 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $342,224,885
- Program service revenue
- $0
- Investment income
- $256,584,051
- Royalties
- $21,177
- Net rental income
- -$15,314,759
- Net gain from sales of assets
- $174,841,199
- Net income from fundraising events
- $182,744
- Other revenue
- -$12,609,595
Expenses
- Grants and similar amounts paid
- $304,014,073
- Compensation of officers, directors and key employees
- $3,960,372
- Other salaries and wages
- $29,224,896
- Salaries, compensation and benefits (total)
- $43,718,822
- Professional fundraising fees
- $0
- Legal fees
- $376,494
- Accounting fees
- $342,008
- Occupancy
- $2,012,432
- Travel
- $681,962
- Depreciation
- $195,237
- Program services (functional)
- $304,014,073
- Management and general (functional)
- $30,874,738
- Fundraising (functional)
- $48,296,743
Balance sheet and other
- Total assets, start of year
- $4,888,350,212
- Total assets, end of year
- $5,473,796,088
- Total liabilities, end of year
- $703,055,861
- Net assets, end of year
- $4,770,740,227
- Land, buildings and equipment
- $43,456,854
- Publicly traded securities
- $651,828,582
- Net assets without donor restrictions
- $355,254,996
- Net assets with donor restrictions
- $4,415,485,231
- Gross unrelated business income
- $4,929,622
- Gross receipts
- $5,470,786,374
- Employees
- 41
- Volunteers
- 46
- Year formed
- 1962
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN M SCHMIDLKOFER | PRESIDENT/CEO (UNTIL 6/30/2025) Trustee or director, Officer | 40 | $739,480 | $48,902 |
| PAT MASCIA | UMFREA MANAGING DIRECTOR Key employee | 40 | $542,850 | $58,733 |
| PATRICIA K PORTER | EXECUTIVE VICE PRESIDENT Key employee | 40 | $470,753 | $81,481 |
| ROBERT J BURGETT | SENIOR ADVISOR (UNTIL 6/30/25) Key employee | 40 | $457,446 | $61,179 |
| CHRISTINE K SEARSON | VICE PRESIDENT/CFO Officer | 40 | $388,286 | $72,683 |
| TRAVIS SMITH | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $319,213 | $58,827 |
| CATHERINE MCGLINCH | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $300,668 | $68,472 |
| SARAH E YOUNGERMAN | VICE PRESIDENT Key employee | 40 | $292,178 | $62,582 |
| SOPHIA KHAN | VICE PRESIDENT Key employee | 40 | $303,382 | $51,300 |
| STEVEN M CORKERY | VICE PRESIDENT Highest-paid employee | 40 | $290,661 | $63,881 |
| KRISTI FLANAGAN VILLAR | VICE PRESIDENT Highest-paid employee | 40 | $290,703 | $54,580 |
| ELIZABETH PATTY | ASSOC VICE PRESIDENT (UNTIL 5/14/25) Highest-paid employee | 40 | $290,390 | $54,099 |
| MICHAEL COHEN | VICE PRESIDENT Key employee | 40 | $271,775 | $53,177 |
| JOHN MORRIS | PRESIDENT/CEO (STARTED 5/1/2025) Trustee or director, Officer | 40 | $0 | $0 |
| KENNETH C GLASER | TRUSTEE/CHAIR Trustee or director, Officer | 0.4 | $0 | $0 |
46 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARI L BALLARD | TRUSTEE (UNTIL 11/7/2024) Trustee or director, Officer | 0.4 | $0 |
| JACQUELINE R WILLIAMS-ROLL | TRUSTEE/PAST CHAIR Trustee or director, Officer | 0.4 | $0 |
| ABDUL M OMARI PHD | TRUSTEE/VICE CHAIR Trustee or director, Officer | 0.4 | $0 |
| ROGER J SIT | TRUSTEE/TREASURER Trustee or director, Officer | 0.4 | $0 |
| THOMAS G OLSON | TRUSTEE/SECRETARY Trustee or director, Officer | 0.4 | $0 |
| WEMIMO S ABBEY MPA | TRUSTEE Trustee or director | 0.4 | $0 |
| BLYTHE A BRENDEN | TRUSTEE Trustee or director | 0.4 | $0 |
| DOROTHY J BRIDGES | TRUSTEE Trustee or director | 0.4 | $0 |
| LYNN CASEY | TRUSTEE Trustee or director | 0.4 | $0 |
| REBECCA A CROOKS-STRATTON | TRUSTEE Trustee or director | 0.4 | $0 |
| REBECCA M CUNNINGHAM MD | TRUSTEE Trustee or director | 0.4 | $0 |
| MARY A DAVENPORT | TRUSTEE (UNTIL 6/30/2025) Trustee or director | 0.4 | $0 |
| KATHIE EILAND-MADISON | TRUSTEE Trustee or director | 0.4 | $0 |
| ACOOA ELLIS | TRUSTEE Trustee or director | 0.4 | $0 |
| MICHAEL B FITERMAN | TRUSTEE Trustee or director | 0.4 | $0 |
| W ANDERS FOLK JD | TRUSTEE Trustee or director | 0.4 | $0 |
| JULIE E GILBERT | TRUSTEE Trustee or director | 0.4 | $0 |
| KURT E HEIKKILA | TRUSTEE (UNTIL 11/7/2024) Trustee or director | 0.4 | $0 |
| PAHOUA HOFFMAN | TRUSTEE Trustee or director | 0.4 | $0 |
| HOYT M HSIAO | TRUSTEE Trustee or director | 0.4 | $0 |
| DOUGLAS A HUEBSCH | TRUSTEE Trustee or director | 0.4 | $0 |
| MICHAEL H JOHNSON | TRUSTEE Trustee or director | 0.4 | $0 |
| RUTH E JOHNSON | TRUSTEE Trustee or director | 0.4 | $0 |
| JAMES K LEE | TRUSTEE Trustee or director | 0.4 | $0 |
| MICHAEL P LEHAN | TRUSTEE Trustee or director | 0.4 | $0 |
| BETH KIEFFER LEONARD | TRUSTEE Trustee or director | 0.4 | $0 |
| ROSS LEVIN | TRUSTEE Trustee or director | 0.4 | $0 |
| JOHN E LINDAHL | TRUSTEE Trustee or director | 0.4 | $0 |
| LAURIE MARSH | TRUSTEE Trustee or director | 0.4 | $0 |
| DAVID J MCMILLAN JD | TRUSTEE Trustee or director | 0.4 | $0 |
| KATHERINE A NELSON PHD | TRUSTEE Trustee or director | 0.4 | $0 |
| LEA B OLSEN | TRUSTEE Trustee or director | 0.4 | $0 |
| LISA OPOKU JD | TRUSTEE Trustee or director | 0.4 | $0 |
| RICHARD T OSTLUND JD | TRUSTEE (UNTIL 11/7/2024) Trustee or director | 0.4 | $0 |
| BETHANY M OWEN | TRUSTEE Trustee or director | 0.4 | $0 |
| LYNNE REDLEAF | TRUSTEE Trustee or director | 0.4 | $0 |
| MICHAEL F ROMAN | TRUSTEE Trustee or director | 0.4 | $0 |
| TY R SILBERHORN | TRUSTEE Trustee or director | 0.4 | $0 |
| PHILIP E SORAN | TRUSTEE Trustee or director | 0.4 | $0 |
| ESTA E STECHER | TRUSTEE Trustee or director | 0.4 | $0 |
| DARRELL A THOMPSON | TRUSTEE Trustee or director | 0.4 | $0 |
| ERIK M TORGERSON | TRUSTEE (UNTIL 11/7/2024) Trustee or director | 0.4 | $0 |
| PETER A VORBRICH | TRUSTEE Trustee or director | 0.4 | $0 |
| BRADFORD W WALLIN | TRUSTEE Trustee or director | 0.4 | $0 |
| THERESA B WARD | TRUSTEE Trustee or director | 0.4 | $0 |
| NANCY W STEFANI | TRUSTEE Trustee or director | 0.4 | $0 |
990 for the year ended June 30, 2024: 59 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN M SCHMIDLKOFER | PRESIDENT/CEO Trustee or director, Officer | 40 | $693,132 | $186,522 |
| PAT MASCIA | UMFREA MANAGING DIRECTOR Key employee | 40 | $518,923 | $56,840 |
| PATRICIA K PORTER | VICE PRESIDENT Key employee | 40 | $427,492 | $77,245 |
| ROBERT J BURGETT | SENIOR VICE PRESIDENT Key employee | 40 | $437,790 | $59,465 |
| CHRISTINE K SEARSON | VICE PRESIDENT/CFO Officer | 40 | $376,543 | $69,634 |
| JAMES G AAGAARD | VICE PRESIDENT (UNTIL 1/3/2024) Key employee | 40 | $313,506 | $63,137 |
| TRAVIS SMITH | ASSOCIATE VICE PRESIDENT Highest-paid employee | 40 | $300,654 | $55,255 |
| SARAH E YOUNGERMAN | VICE PRESIDENT Key employee | 40 | $275,318 | $59,234 |
| STEVEN M CORKERY | ASSOCIATE VICE PRESIDENT Highest-paid employee | 40 | $270,054 | $59,999 |
| CATHERINE MCGLINCH | ASSOCIATE VICE PRESIDENT Highest-paid employee | 40 | $265,140 | $62,206 |
| ELIZABETH PATTY | ASSOCIATE VICE PRESIDENT Highest-paid employee | 40 | $269,214 | $50,839 |
| KRISTI FLANAGAN VILLAR | ASSOCIATE VICE PRESIDENT Highest-paid employee | 40 | $264,570 | $50,827 |
| MICHAEL COHEN | VICE PRESIDENT Key employee | 40 | $195,080 | $46,980 |
| SOPHIA KHAN | VICE PRESIDENT Key employee | 40 | $165,744 | $32,426 |
| JACQUELINE R WILLIAMS-ROLL | TRUSTEE/CHAIR Trustee or director, Officer | 0.4 | $0 | $0 |
| SHARI L BALLARD | TRUSTEE/PAST CHAIR Trustee or director, Officer | 0.4 | $0 | $0 |
| KENNETH C GLASER | TRUSTEE/VICE CHAIR Trustee or director, Officer | 0.4 | $0 | $0 |
| ROGER J SIT | TRUSTEE/TREASURER Trustee or director, Officer | 0.4 | $0 | $0 |
| THOMAS G OLSON | TRUSTEE/SECRETARY Trustee or director, Officer | 0.4 | $0 | $0 |
| BLYTHE A BRENDEN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| DOROTHY J BRIDGES | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| LYNN CASEY | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| REBECCA A CROOKS-STRATTON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| MARY A DAVENPORT | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| KATHIE EILAND-MADISON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| ACOOA ELLIS | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| JEFF ETTINGER | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| MICHAEL B FITERMAN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| JULIE E GILBERT | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| KURT E HEIKKILA | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| PAHOUA HOFFMAN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| HOYT M HSIAO | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| DOUGLAS A HUEBSCH | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| MICHAEL H JOHNSON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| RUTH E JOHNSON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| EZELL JONES | TRUSTEE (UNITL 11/15/2023) Trustee or director | 0.4 | $0 | $0 |
| JAMES K LEE | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| MICHAEL P LEHAN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| BETH KIEFFER LEONARD | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| ROSS LEVIN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| JOHN E LINDAHL | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| LAURIE MARSH | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| DAVID J MEYER | TRUSTEE (UNITL 11/15/2023) Trustee or director | 0.4 | $0 | $0 |
| DAVID C MORTENSON | TRUSTEE (UNITL 11/15/2023) Trustee or director | 0.4 | $0 | $0 |
| ABDUL M OMARI PHD | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| LISA OPOKU JD | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| RICHARD T OSTLUND JD | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| BETHANY M OWEN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| LYNNE REDLEAF | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| MICHAEL F ROMAN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| PHILIP E SORAN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| TY R SILBERHORN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| ESTA E STECHER | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| DARRELL A THOMPSON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| ERIK M TORGERSON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| PETER A VORBRICH | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| BRADFORD W WALLIN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| THERESA B WARD | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| NANCY WISER STEFANI | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
990 for the year ended June 30, 2023: 61 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN M SCHMIDLKOFER | PRESIDENT/CEO Trustee or director, Officer | 40 | $663,238 | $113,395 |
| PAT MASCIA | UMFREA MANAGING DIRECTOR Key employee | 40 | $506,847 | $66,527 |
| ROBERT J BURGETT | SENIOR VICE PRESIDENT Key employee | 40 | $429,888 | $57,574 |
| PATRICIA K PORTER | VICE PRESIDENT Key employee | 40 | $399,522 | $72,378 |
| CHRISTINE K SEARSON | VICE PRESIDENT/CFO Officer | 40 | $349,101 | $65,390 |
| JAMES G AAGAARD | VICE PRESIDENT Key employee | 40 | $307,323 | $60,533 |
| TRAVIS SMITH | ASSOCIATE VICE PRESIDENT Highest-paid employee | 40 | $287,899 | $55,672 |
| CATHERINE MCGLINCH | ASSOCIATE VICE PRESIDENT Highest-paid employee | 40 | $258,750 | $59,940 |
| ELIZABETH PATTY | ASSOCIATE VICE PRESIDENT Highest-paid employee | 40 | $262,894 | $48,808 |
| SARAH E YOUNGERMAN | VICE PRESIDENT Key employee | 40 | $256,284 | $54,868 |
| STEVEN M CORKERY | ASSOCIATE VICE PRESIDENT Highest-paid employee | 40 | $252,842 | $55,691 |
| KRISTI FLANAGAN VILLAR | ASSOCIATE VICE PRESIDENT Highest-paid employee | 40 | $255,286 | $24,410 |
| CAROL CUROE | VICE PRESIDENT (UNTIL 10/15/2022) Key employee | 40 | $202,840 | $19,487 |
| JACQUELINE R WILLIAMS-ROLL | TRUSTEE/CHAIR Trustee or director, Officer | 0.4 | $0 | $0 |
| SHARI L BALLARD | TRUSTEE/PAST CHAIR Trustee or director, Officer | 0.4 | $0 | $0 |
| KENNETH C GLASER | TRUSTEE/VICE CHAIR Trustee or director, Officer | 0.4 | $0 | $0 |
| ROGER J SIT | TRUSTEE/TREASURER Trustee or director, Officer | 0.4 | $0 | $0 |
| THOMAS G OLSON | TRUSTEE/SECRETARY Trustee or director, Officer | 0.4 | $0 | $0 |
| BLYTHE A BRENDEN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| DOROTHY J BRIDGES | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| LYNN CASEY | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| REBECCA A CROOKS-STRATTON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| MARY A DAVENPORT | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| ACOOA ELLIS | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| JEFF ETTINGER | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| MICHAEL B FITERMAN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| JOAN TA GABEL | TRUSTEE (UNTIL 6/10/2023) Trustee or director | 0.4 | $0 | $0 |
| JULIE E GILBERT | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| KURT E HEIKKILA | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| SUSAN S HOFF | TRUSTEE (UNTIL 11/1/2022) Trustee or director | 0.4 | $0 | $0 |
| HOYT M HSIAO | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| DOUGLAS A HUEBSCH | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| MICHAEL H JOHNSON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| RUSSELL HUFFER | TRUSTEE (UNTIL 11/1/2022) Trustee or director | 0.4 | $0 | $0 |
| RUTH E JOHNSON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| EZELL JONES | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| JAMES K LEE | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| MICHAEL P LEHAN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| BETH KIEFFER LEONARD | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| ROSS LEVIN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| JOHN E LINDAHL | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| MARGARET E LUCAS | TRUSTEE (UNTIL 11/1/2022) Trustee or director | 0.4 | $0 | $0 |
| LAURIE MARSH | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| DAVID J MCMILLAN | TRUSTEE (UNTIL 7/5/2022) Trustee or director | 0.4 | $0 | $0 |
| DAVID J MEYER | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| DAVID C MORTENSON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| ABDUL M OMARI PHD | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| RICHARD T OSTLUND JD | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| BETHANY M OWEN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| LYNNE REDLEAF | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| MICHAEL F ROMAN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| PHILIP E SORAN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| TY R SILBERHORN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| ESTA E STECHER | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| DARRELL A THOMPSON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| ERIK M TORGERSON | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| PETER A VORBRICH | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| BRADFORD W WALLIN | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| THERESA B WARD | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
| PENNY A WHEELER MD | TRUSTEE (UNTIL 5/1/2023) Trustee or director | 0.4 | $0 | $0 |
| NANCY WISER | TRUSTEE Trustee or director | 0.4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 OAK ST SE STE 500, MINNEAPOLIS, MN 55455-2010
- In care of
- % MCNAMARA ALUMNI CENTER
- Principal officer (990 for 2024)
- CHRISTINE K SEARSON, 200 OAK STREET SE 500 500, MINNEAPOLIS, MN 554552010
- Signed the 990
- CHRISTINE K SEARSON, VICE PRESIDENT/CFO
- Phone
- (612) 624-3333
- Website
- WWW.GIVE.UMN.EDU
- Return prepared by
- RSM US LLP
Mission
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.
Program accomplishments
- 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 $85M TO STUDENT SUPPORT, $99M TO PROGRAM SUPPORT, $47M TO RESEARCH AND COMMUNITY OUTREACH/ENGAGEMENT, $39M TO FACULTY AND STAFF SUPPORT, AND $34M TO CAPITAL IMPROVEMENTS.Expenses $304,014,073 · grants $304,014,073
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-6042488
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1964
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $5,473,796,088
- Income (IRS master file)
- $5,470,786,374
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $586,199,341 | $383,185,554 | $5,473,796,088 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $524,006,934 | $353,145,790 | $4,888,350,212 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $428,104,208 | $329,663,282 | $4,484,124,199 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $372,579,336 | $259,725,296 | $4,264,297,877 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-6042488).
Questions about UNIVERSITY OF MINNESOTA FOUNDATION
- What is the EIN of UNIVERSITY OF MINNESOTA FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF MINNESOTA FOUNDATION is 41-6042488.
- Is UNIVERSITY OF MINNESOTA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to UNIVERSITY OF MINNESOTA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF MINNESOTA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF MINNESOTA FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF MINNESOTA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF MINNESOTA FOUNDATION?
- The 990 for the year ended June 30, 2025 names CHRISTINE K SEARSON.
- Who are the officers and directors of UNIVERSITY OF MINNESOTA FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 61 people; 13 received compensation from the organization, the highest $739,480 (KATHLEEN M SCHMIDLKOFER, PRESIDENT/CEO (UNTIL 6/30/2025)).
- How much revenue does UNIVERSITY OF MINNESOTA FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $586,199,341, expenses of $383,185,554 and total assets of $5,473,796,088 at year end.
Other nonprofits in MINNEAPOLIS
- ECMC GROUP INC EIN 41-1991995 · last filed 990 for 2024
- SCHOLARSHIP AMERICA INC EIN 04-2296967 · last filed 990-N for 2025
- AUGSBURG UNIVERSITY EIN 41-0694721 · last filed 990 for 2025
- READING & MATH INC EIN 47-2306902 · last filed 990 for 2025
- MINNESOTA TRANSITIONS CHARTERED SCHOOL EIN 41-1823173 · last filed 990 for 2025
- ECMC FOUNDATION EIN 41-1990628 · last filed 990 for 2024
- BRECK SCHOOL EIN 41-0693894 · last filed 990 for 2025
- DUNWOODY COLLEGE OF TECHNOLOGY EIN 41-0693856 · last filed 990 for 2025