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UNIVERSITY OF MINNESOTA FOUNDATION

EIN 41-6042488 MINNEAPOLIS, MN

Browse the largest nonprofits in Minnesota

Revenue 2024
$586,199,341
Expenses 2024
$383,185,554

Program services were 79.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B110
Classification
2000
Street
200 OAK ST SE STE 500

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

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.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $304,014,073 · Grants $304,014,073

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Kathleen M Schmidlkofer

    PRESIDENT/CEO (UNTIL 6/30/2025)

    Total calculated
    $788,382
    From this org
    $739,480
    From related orgs
    $0
    Other
    $48,902
    Hours/week
    40 + 0.4 related

    Schedule J breakdown matched by us

    Base
    $520,832
    Bonus
    $217,460
    Other
    $1,188
    Deferred
    $34,500
    Nontaxable benefits
    $14,402
    Filer's total
    $788,382
  • John Morris

    PRESIDENT/CEO (STARTED 5/1/2025)

    Total calculated
    $0
    Hours/week
    40 + 0.4 related
  • Kenneth C Glaser

    TRUSTEE/CHAIR

    Total calculated
    $0
    Hours/week
    0.4
  • Shari L Ballard

    TRUSTEE (UNTIL 11/7/2024)

    Total calculated
    $0
    Hours/week
    0.4
  • Jacqueline R Williams-Roll

    TRUSTEE/PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.4
  • Abdul M Omari PhD

    TRUSTEE/VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.4
  • Roger J Sit

    TRUSTEE/TREASURER

    Total calculated
    $0
    Hours/week
    0.4
  • Thomas G Olson

    TRUSTEE/SECRETARY

    Total calculated
    $0
    Hours/week
    0.4
  • Wemimo S Abbey Mpa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Blythe A Brenden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Dorothy J Bridges

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Lynn Casey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Rebecca A Crooks-Stratton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Rebecca M Cunningham MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Mary A Davenport

    TRUSTEE (UNTIL 6/30/2025)

    Total calculated
    $0
    Hours/week
    0.4
  • Kathie Eiland-Madison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Acooa Ellis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Michael B Fiterman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • W Anders Folk JD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Julie E Gilbert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Kurt E Heikkila

    TRUSTEE (UNTIL 11/7/2024)

    Total calculated
    $0
    Hours/week
    0.4
  • Pahoua Hoffman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Hoyt M Hsiao

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Douglas A Huebsch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4
  • Michael H Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

The first 25 listed. Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $586,199,341
    Expenses
    $383,185,554
    Contributions
    $342,224,885
    Grants paid
    $304,014,073
  • 2023
    Revenue
    $524,006,934
    Expenses
    $353,145,790
    Contributions
    $254,697,572
    Grants paid
    $283,517,310
  • 2022
    Revenue
    $428,104,208
    Expenses
    $329,663,282
    Contributions
    $264,630,179
    Grants paid
    $262,653,447

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2021 · 990

    Revenue
    $372,579,336
    Expenses
    $259,725,296
    Assets (EOY)
    $4,264,297,877
  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2020 · 990

    Revenue
    $669,514,544
    Expenses
    $255,977,022
    Assets (EOY)
    $4,420,065,180
  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2019 · 990

    Revenue
    $247,493,306
    Expenses
    $258,577,397
    Assets (EOY)
    $3,368,130,769
  • 2018 · 990

    Revenue
    $277,579,789
    Expenses
    $265,831,329
    Assets (EOY)
    $3,303,486,247
  • 2017 · 990

    Revenue
    $313,095,237
    Expenses
    $248,961,516
    Assets (EOY)
    $3,091,973,602

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

  • UNIVERSITY OF MINNESOTA

    $294,797,625

    2024 THE FOUNDATION PROVIDES FUND GRANTS TO AND FOR THE BENEFIT OF THE UNIVERSITY OF MINNESOTA.

  • UNIVERSITY OF MINNESOTA

    $270,821,870

    2023 THE FOUNDATION PROVIDES FUND GRANTS TO AND FOR THE BENEFIT OF THE UNIVERSITY OF MINNESOTA.

  • UNIVERSITY OF MINNESOTA

    $251,175,356

    2022 THE FOUNDATION PROVIDES FUND GRANTS TO AND FOR THE BENEFIT OF THE UNIVERSITY OF MINNESOTA.

  • 2023 FUND GRANTS TO SUPPORT THE UNIVERSITY OF MINNESOTA HOSPITAL AND CLINICAL PROGRAMMING AT M HEALTH FAIRVIEW.

  • 2022 FUND GRANTS TO SUPPORT THE UNIVERSITY OF MINNESOTA HOSPITAL AND CLINICAL PROGRAMMING AT M HEALTH FAIRVIEW.

  • 2024 FUND GRANTS TO SUPPORT THE UNIVERSITY OF MINNESOTA HOSPITAL AND CLINICAL PROGRAMMING AT M HEALTH FAIRVIEW.

  • 2022 THE MINNESOTA LANDSCAPE ARBORETUM FOUNDATION IS A RECOGNIZED FOUNDATION OF THE UNIVERSITY OF MINNESOTA.

  • 2023 FUND GRANT PER DONOR AGREEMENT TO MOVE FUNDS TO ANOTHER 501(C)3

  • 2024 FUND GRANT TO SUPPORT THE UNIVERSITY GATEWAY CORPORATION - A FACILITY THAT SUPPORTS THE UNIVERSITY OF MINNESOTA.

  • 2024 BETA OF CLOVIA FOUNDATION ESTABLISHED THEIR OWN 501(C)3. FUND GRANT TO TRANSFER THE FUND BALANCE.

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • UNIVERSITY OF MINNESOTA FOUNDATION - DINNAKEN HOUSING LLC

    REAL ESTATE RENTAL · DE · income $3,195,680 · assets $19,710,742

  • ARGYLE HOUSE LLC

    REAL ESTATE RENTAL · DE · income $1,917,262 · assets $9,526,125

  • TARRIE HOUSE

    REAL ESTATE RENTAL · DE · income $593,883 · assets $1,736,064

  • FULTON TOWNHOUSE

    REAL ESTATE RENTAL · DE · income $250,959 · assets $748,423

  • STADIUM VILLAGE MALL

    REAL ESTATE RENTAL · DE · income $309,576 · assets $4,504,031

  • UMFREA PV LLC

    REAL ESTATE RENTAL · DE · income $254,004 · assets $49,326,292

  • DINNAKEN OFFICE BUILDING LLC

    REAL ESTATE RENTAL · DE · income $0 · assets $1,845,806

  • DINNAKEN PARKING LOT LLC

    REAL ESTATE RENTAL · DE · income $5,659 · assets -$9,164

  • SV PLAZA LLC

    REAL ESTATE RENTAL · DE · income $62,818 · assets $15,555,274

  • OAK WASH LLC

    REAL ESTATE RENTAL · DE · income $198,326 · assets $6,571,682

  • GO-INNOVATION FINANCE FUND

    LOAN PORTFOLIO · AS · income $2,251,755 · assets $17,240,921

Related partnerships on its 2024 return

  • ARTES CAPITAL SMA 1 LLC

    INVESTMENT · INVESTMENT · CA · 99.68% owned · share of income $4,899,139 · share of assets $51,657,671

  • CLEAR HAVEN - UMF FUND LP

    INVESTMENT · INVESTMENT · NY · 100% owned · share of income $23,983,149 · share of assets $261,292,811

  • CLEAR HAVEN CREDIT OPPORTUNITIES FEEDER FUND II

    INVESTMENT · INVESTMENT · NY · 100% owned · share of income -$40,450 · share of assets $9,728,241

  • CLEAR HAVEN CREDIT OPPORTUNITIES FEEDER FUND III

    INVESTMENT · INVESTMENT · NY · 100% owned · share of income -$6,854 · share of assets $2,493,146

  • CORRUM CAPITAL UMF LP

    INVESTMENT · INVESTMENT · NC · 99.99% owned · share of income $5,011,499 · share of assets $53,903,295

  • COVENTURE STRATEGIC PARTNERS FUND UMF LLC

    INVESTMENT · INVESTMENT · NY · 99.2% owned · share of income $823,032 · share of assets $8,200,279

  • FIDELIS INVESTORS MORTGAGE FUND I LP

    INVESTMENT · INVESTMENT · NJ · 74.56% owned · share of income $6,134,607 · share of assets $167,915,774

  • FIDELIS INVESTORS WH 2021-01 LP

    INVESTMENT · INVESTMENT · NJ · 99.84% owned · share of income $10,415,534 · share of assets $122,827,160

  • GO-HIGHMORE TRADE FINANCE FUND LP

    INVESTMENT · INVESTMENT · NY · 98.71% owned · share of income -$259,442 · share of assets $8,360,990

  • HC SMA-I LLC

    INVESTMENT · INVESTMENT · NJ · 100% owned · share of income $422,050 · share of assets $6,386,626

  • LATERAL UMF FEEDER LLC

    INVESTMENT · INVESTMENT · CA · 100% owned · share of income $68,575 · share of assets $1,838,692

  • LEGALIST DIP SPV II LP

    INVESTMENT · INVESTMENT · CA · 89.73% owned · share of income $2,111,323 · share of assets $26,031,874

  • LEGALIST SPV II LP

    INVESTMENT · INVESTMENT · CA · 95.32% owned · share of income -$28,968 · share of assets $3,260,770

  • LEGALIST SPV III LP

    INVESTMENT · INVESTMENT · CA · 100% owned · share of income $7,964,636 · share of assets $65,817,231

  • LESTE UMF FUND 1 LLC

    INVESTMENT · INVESTMENT · FL · 100% owned · share of income $711,308 · share of assets $7,620,535

  • LRC PARTNERS I LLC

    INVESTMENT · INVESTMENT · NC · 99.01% owned · share of income $1,916,866 · share of assets $9,768,455

  • MHRA LP

    INVESTMENT · INVESTMENT · NY · 94.97% owned · share of income -$6,850 · share of assets $2,388,372

  • MRP SMA II LP

    INVESTMENT · INVESTMENT · MN · 95.34% owned · share of income $2,500,046 · share of assets $34,887,373

  • NORTHLEAF STRATEGIC CAPITAL FUND LP

    INVESTMENT · INVESTMENT · CA · 100% owned · share of income $1,254,016 · share of assets $20,575,454

  • OHP SMA 1

    INVESTMENT · INVESTMENT · CT · 98.1% owned · share of income $324,565 · share of assets $3,053,204

  • PC ABL SMA 1 LP

    INVESTMENT · INVESTMENT · CA · 100% owned · share of income $2,487,281 · share of assets $32,658,188

  • POST ROAD SPECIALTY LENDING FUND (UMINN) LP

    INVESTMENT · INVESTMENT · CT · 96.74% owned · share of income $21,566 · share of assets $9,342,142

  • PSF VIKING LENDING LLC

    INVESTMENT · INVESTMENT · TX · 93.62% owned · share of income $315,496 · share of assets $20,803,379

  • SERIES M - VIRAGE CAPITAL PARTNERS II LP

    INVESTMENT · INVESTMENT · TX · 100% owned · share of income $1,582,923 · share of assets $23,911,755

  • STORMFIELD NORTH STAR FUND LP

    INVESTMENT · INVESTMENT · CT · 100% owned · share of income $5,576,640 · share of assets $55,121,256

The first 25 as filed. The return lists the rest.

Related corporations and trusts on its 2024 return

Listed by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.