UNIVERSITY OF MINNESOTA FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF MINNESOTA FOUNDATION (EIN 41-6042488)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-06
- IRS object ID
- 201441269349301469
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-06T15:42:16-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 861065772 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deloitte Tax LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 South Sixth Street Suite 2800 | AddressLine1 |
| City | Minneapolis | City |
| State | MN | State |
| ZIP Code | 554021538 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 416042488 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | University of Minnesota Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 6126243333 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 Oak Street SE No 500 | AddressLine1 |
| City | Minneapolis | City |
| State | MN | State |
| ZIP Code | 554552010 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kathleen L Pickard | Name |
| Title | Vice President/CFO | Title |
| Phone | 6126243333 | Phone |
| Date Signed | 2014-05-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kristina Rasmussen | Name |
| PTIN | P00143920 | PTIN |
| Phone | 6123974000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Elizabeth A Malkerson | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 Oak Street SE No 500 | AddressLine1 |
| City | Minneapolis | City |
| State | MN | State |
| ZIP Code | 554552010 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1159865226 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.giving.umn.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1962 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | Engage resources to build and sustain excellence at the University of Minnesota (U of M). | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 43 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 41 | NbrIndependentVotingMembers |
| Total Nbr Employees | 46 | TotalNbrEmployees |
| Total Nbr Volunteers | 41 | TotalNbrVolunteers |
| Total Gross UBI | 2675709 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 136217694 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 121976166 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 19922137 | InvestmentIncomePriorYear |
| Investment Income Current Year | 44289083 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1187347 | OtherRevenuePriorYear |
| Other Revenue Current Year | 468374518 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 157327178 | TotalRevenuePriorYear |
| Total Revenue Current Year | 634639767 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 115023453 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 140425335 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11322579 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 14626478 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 18806537 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12434336 | OtherExpensePriorYear |
| Other Expenses Current Year | 16881817 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 138780368 | TotalExpensesPriorYear |
| Total Expenses Current Year | 171933630 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 18546810 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 462706137 | RevenuesLessExpensesCY |
| Total Assets BOY | 1744419146 | TotalAssetsBOY |
| Total Assets EOY | 2361694458 | TotalAssetsEOY |
| Total Liabilities BOY | 239941044 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 277316989 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1504478102 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2084377469 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | The University of Minnesota Foundation's mission is to engage the resources of the private sector to build and sustain excellence at the University of Minnesota. See Schedule O. The Foundation advances the University's mission of teaching, research, and outreach to the community by raising and managing private dollars for scholarships, world-class faculty, leading-edge research, new facilities, and academic programs on all five campuses of the University of Minnesota. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 140425335 | Expense |
| Grants | 140425335 | Grants |
| Description | 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 the other U of M programs and other university-related foundations. Other University programs include Academic Health Services, Athletics, Libraries, Minnesota Extension Service, Multi-Disciplinary and Special Projects, and Weisman Art Museum. Other university-related foundations include the Minnesota Landscape Arboretum and Minnesota Medical Foundation (prior to merger with University of Minnesota Foundation on 2/1/13). U of M campuses are located in Minneapolis/St Paul, Crookston, Duluth, Morris, and Rochester. See Schedule O.Distribution by purpose included $39M to Student support, $38M to Academic programs, $17M to Facilities, $19M to Faculty support, and $27M to Research. | Description |
| Total Program Service Expense | 140425335 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 1 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 387 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 46 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 1 | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 2 | NumberOf8282Filed |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 43 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 41 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | AL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | HI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | LA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WV | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Gracie A Davenport | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6126243333 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 Oak Street SE Suite 500 | AddressLine1 |
| City | Minneapolis | City |
| State | MN | State |
| ZIP Code | 554552010 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (59 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| L Steven Goldstein | ||||||||
| Rtd. Pres & CEO (7/1/12-1/31/13) | 40.00 | 0.00 | X | X | 455548 | 0 | 50750 | |
| Elizabeth A Malkerson | ||||||||
| Interim Pres & CEO (2/1/13-6/30/13) | 40.00 | 0.00 | X | X | 0 | 0 | 0 | |
| Deborah L Hopp | ||||||||
| Chair | 0.40 | 0.00 | X | X | 0 | 0 | 0 | |
| Michael B Fiterman | ||||||||
| Vice Chair | 0.40 | 0.00 | X | X | 0 | 0 | 0 | |
| Robert E Buuck | ||||||||
| Secretary | 0.40 | 0.00 | X | X | 0 | 0 | 0 | |
| Ross Levin | ||||||||
| Treasurer | 0.40 | 0.00 | X | X | 0 | 0 | 0 | |
| Patti Andreini Arnold | ||||||||
| Trustee (2/1/13-6/30/13) | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Scott Augustine MD | ||||||||
| Trustee (2/1/13-6/30/13) | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Ruth G Bachman | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Shari L Ballard | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Mary Brainerd | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Jon R Campbell | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Lynn Casey | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Linda A Cohen | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Martin E Davis | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Michael J Davis | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Richard K Davis | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Archie Givens Jr | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Beverly N Grossman | ||||||||
| Trustee (2/1/13-6/30/13) | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| B Kristine Johnson | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Robert MA Johnson | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Eric W Kaler | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Elliot S Kaplan | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Erwin A Kelen | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| David M Larson | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Nancy E Lindahl | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Richard L Lindstrom MD | ||||||||
| Trustee (2/1/13-6/30/13) | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Walter F Ling | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Margaret E Lucas | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Robert D MacDonald III | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Susan I Marvin | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Virginia H Morris | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Lynn A Nagorske | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Marilyn Carlson Nelson | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Thomas G Olson | ||||||||
| Trustee (2/1/13-6/30/13) | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Charles M Osborne | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Richard T Ostlund JD | ||||||||
| Trustee (2/1/13-6/30/13) | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| William Pedersen | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Jorg A Pierach | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Christopher J Policinski | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Kendall J Powell | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Patricia S Simmons MD | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Debra A Sit | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| James I Swenson | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Brian Wenger JD | ||||||||
| Trustee (2/1/13-6/30/13) | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Kurt D Winkelmann | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| George H Winn | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| Simon KaWo Wong | ||||||||
| Trustee | 0.40 | 0.00 | X | 0 | 0 | 0 | ||
| James G Aagaard | ||||||||
| Vice President | 40.00 | 0.00 | X | 195826 | 0 | 44102 | ||
| Mark L Baumgartner | ||||||||
| Vice President | 40.00 | 0.00 | X | 207758 | 0 | 33421 | ||
| Robert J Burgett | ||||||||
| Vice President | 40.00 | 0.00 | X | 192480 | 0 | 30664 | ||
| Lisa M Meyer | ||||||||
| Retired Vice President | 40.00 | 0.00 | X | 217772 | 0 | 42232 | ||
| Julie E Pelzl | ||||||||
| Vice President | 40.00 | 0.00 | X | 160903 | 0 | 26482 | ||
| Kathleen L Pickard | ||||||||
| Vice President & CFO | 40.00 | 0.00 | X | 217497 | 0 | 44900 | ||
| D Andrew Brown | ||||||||
| Sr Director, Development | 40.00 | 0.00 | 151806 | 0 | 39439 | X | ||
| Yvonne M Grosulak | ||||||||
| Dinnaken Property Mgr | 40.00 | 0.00 | 152108 | 0 | 20279 | X | ||
| Gracie Davenport | ||||||||
| Controller | 40.00 | 0.00 | 142257 | 0 | 25791 | X | ||
| Janice Sickbert | ||||||||
| Asst VP, Development | 40.00 | 0.00 | 141045 | 0 | 31560 | X | ||
| Francis Robertson | ||||||||
| Sr. Director, Planned Giving | 40.00 | 0.00 | 140640 | 0 | 40248 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2375640 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 429868 | TotalOtherCompensation |
| Number Individuals GT100 K | 28 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Gray Plant Mooty Mooty & Bennett PA | |||||
| 80 S 8th St | Minneapolis | MN | 554023796 | Legal | 398070 |
| Olson | |||||
| 420 N Fifth Street Ste 1000 | Minneapolis | MN | 55401 | Advertising | 389202 |
| D'Amico Catering | |||||
| 2210 Hennepin Ave | Minneapolis | MN | 554052737 | Event Catering | 336756 |
| Blackbaud | |||||
| 2000 Daniel Island Dr | Daniel Island | SC | 294927540 | Software | 140066 |
| KPMG | |||||
| 90 South Seventh StreetSte 4200 | Minneapolis | MN | 554024113 | Auditing | 133450 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| Fundraising Events | 1201547 | FundraisingEvents |
| Related Organizations | 957962 | RelatedOrganizations |
| All Other Contributions | 119816657 | AllOtherContributions |
| Noncash Contributions | 7438557 | NoncashContributions |
| Total Contributions | 121976166 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15655944 | TotalRevenueColumn |
| Exclusion | $15,655,944 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12748 | TotalRevenueColumn |
| Exclusion | $12,748 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 5021882 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 4222615 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 799267 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 799267 | TotalRevenueColumn |
| Exclusion | $799,267 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 549295099 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 520661960 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 28633139 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 28633139 | TotalRevenueColumn |
| Exclusion | $28,633,139 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 430806 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 1201547 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 340884 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 89922 | TotalRevenueColumn |
| Exclusion | $89,922 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Transfer of MMF Assets | 900099 | 464789945 | $464,789,945 | |
| UBI Partnership Income | 900999 | 2675709 | 2675709 | |
| UBI Fed Refund | 900099 | 6927 | $6,927 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 467472581 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 634639767 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 2675709 | UnrelatedBusinessRevenue |
| Exclusion | $509,987,892 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 140025966 | Total |
| Program Services | 140025966 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 399369 | Total |
| Program Services | 399369 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2344335 | Total |
| Management And General | 1127266 | ManagementAndGeneral |
| Fundraising | 1217069 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8288606 | Total |
| Management And General | 2357558 | ManagementAndGeneral |
| Fundraising | 5931048 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3993537 | Total |
| Management And General | 1448461 | ManagementAndGeneral |
| Fundraising | 2545076 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 441839 | Total |
| Management And General | 441839 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 218581 | Total |
| Management And General | 218581 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3300314 | Total |
| Management And General | 3300314 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1123519 | Total |
| Management And General | 602120 | ManagementAndGeneral |
| Fundraising | 521399 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 249016 | Total |
| Management And General | 12027 | ManagementAndGeneral |
| Fundraising | 236989 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 746839 | Total |
| Management And General | 331854 | ManagementAndGeneral |
| Fundraising | 414985 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 342009 | Total |
| Management And General | 298990 | ManagementAndGeneral |
| Fundraising | 43019 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1336103 | Total |
| Management And General | 1336103 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 348750 | Total |
| Management And General | 40280 | ManagementAndGeneral |
| Fundraising | 308470 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 258559 | Total |
| Management And General | 64716 | ManagementAndGeneral |
| Fundraising | 193843 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 580697 | Total |
| Management And General | 580697 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 293493 | Total |
| Management And General | 293493 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Prof Dvlpmt to Colleges | 4702460 | 0 | 0 | 4702460 |
| Donor Recognition | 1752152 | 0 | 20899 | 1731253 |
| Printing & Publications | 1030282 | 0 | 131343 | 898939 |
| State UBI Tax | 48474 | 0 | 48474 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108730 | Total |
| Management And General | 46743 | ManagementAndGeneral |
| Fundraising | 61987 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 171933630 | Total |
| Program Services | 140425335 | ProgramServices |
| Management And General | 12701758 | ManagementAndGeneral |
| Fundraising | 18806537 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14281138 | BOY |
| EOY | 24704585 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 140979593 | BOY |
| EOY | 413973057 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88876792 | BOY |
| EOY | 127464949 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101801 | BOY |
| EOY | 101801 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 32400700 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4296968 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28381554 | BOY |
| EOY | 28103732 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 371856110 | BOY |
| EOY | 460494767 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19621 | BOY |
| EOY | 37966 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1099922537 | BOY |
| EOY | 1306813601 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1744419146 | BOY |
| EOY | 2361694458 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7513819 | BOY |
| EOY | 17596277 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3150291 | BOY |
| EOY | 4312791 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 201299867 | BOY |
| EOY | 221898694 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27977067 | BOY |
| EOY | 33509227 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 239941044 | BOY |
| EOY | 277316989 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55014096 | BOY |
| EOY | 60105884 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 836394645 | BOY |
| EOY | 1100908295 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 613069361 | BOY |
| EOY | 923363290 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1504478102 | BOY |
| EOY | 2084377469 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1744419146 | BOY |
| EOY | 2361694458 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 462706137 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 110522594 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 6670636 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 98672727 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 89310353 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 117962640 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 136217694 | CurrentTaxYearMinus1Year |
| Current Tax Year | 121976166 | CurrentTaxYear |
| Total | 564139580 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 98672727 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 89310353 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 117962640 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 136217694 | CurrentTaxYearMinus1Year |
| Current Tax Year | 121976166 | CurrentTaxYear |
| Total | 564139580 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 28512617 | AmountsSubstContributorsTotal |
| Public Support Total170 | 535626963 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8859626 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7606469 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 9811546 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 11504486 | CurrentTaxYearMinus1Year |
| Current Tax Year | 15668692 | CurrentTaxYear |
| Total | 53450819 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 157300 | CurrentTaxYearMinus4Years |
| Total | 157300 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 617747699 | TotalSupport |
| Public Support Pertcentage170 | 0.86710 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.87920 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number DA Fs Held | 2 | NumberDAFsHeld |
| Donor Advised Contributions | 0 | DonorAdvisedContributions |
| Grants Paid From Donor Funds | 0 | GrantsPaidFromDonorFunds |
| Aggregate DAF Value | 6499943 | AggregateDAFValue |
| Disclosed Orgs Legal Control | 1 | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | 1 | DisclosedForCharitablePurposes |
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 868871232 | BeginningOfYearBalance |
| Contributions | 243760414 | Contributions |
| Investment Earnings Or Losses | 93958670 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 17416704 | GrantsOrScholarships |
| Other Expenditures | 45309027 | OtherExpenditures |
| End Of Year Balance | 1143864585 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 874703476 | BeginningOfYearBalance |
| Contributions | 25192435 | Contributions |
| Investment Earnings Or Losses | 7387937 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 14920023 | GrantsOrScholarships |
| Other Expenditures | 23492593 | OtherExpenditures |
| End Of Year Balance | 868871232 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 751695828 | BeginningOfYearBalance |
| Contributions | 35715947 | Contributions |
| Investment Earnings Or Losses | 121161552 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 11442860 | GrantsOrScholarships |
| Other Expenditures | 22426991 | OtherExpenditures |
| End Of Year Balance | 874703476 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 714533970 | BeginningOfYearBalance |
| Contributions | 21575305 | Contributions |
| Investment Earnings Or Losses | 49885046 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 11200597 | GrantsOrScholarships |
| Other Expenditures | 23097896 | OtherExpenditures |
| End Of Year Balance | 751695828 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 899084504 | BeginningOfYearBalance |
| Contributions | 22961210 | Contributions |
| Investment Earnings Or Losses | -177608222 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 11710637 | GrantsOrScholarships |
| Other Expenditures | 18192885 | OtherExpenditures |
| End Of Year Balance | 714533970 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.01000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.72000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.27000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 5271124 | InvestmentCostOrOtherBasis |
| Book Value | 5271124 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20163804 | OtherCostOrOtherBasis |
| Depreciation | 2300698 | Depreciation |
| Book Value | 17863106 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3682266 | OtherCostOrOtherBasis |
| Depreciation | 475307 | Depreciation |
| Book Value | 3206959 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3283506 | OtherCostOrOtherBasis |
| Depreciation | 1520963 | Depreciation |
| Book Value | 1762543 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 28103732 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (10 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Global Equity | 223555089 |
| Hedge Funds | 348375239 |
| Natural Resources | 110296007 |
| Real Estate | 90856987 |
| Private Equity | 400916577 |
| Fixed Income | 22465108 |
| Beneficial Interest in Perpetual Trusts | 67619172 |
| Assets Held in Charitable Trusts | 24604815 |
| Beneficial Interest in Trusts | 5630137 |
| Other Invstmnts, Recvbls, Gift Anty. Invstd w/ 3rd Party | 12494470 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1306813601 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Gift Annuities Payable | $22,178,851 |
| Liability Under Charitable Trust Agreements | $11,330,376 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 33509227 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part IV, Line 2b: | The Foundation manages certain investments on behalf of other charitable organizations. The management of these investments are subject to agreements with each that govern the arrangements, including the timing of additions and redemptions. | |
| Part V, Line 4: | Grants awarded to or on behalf of the University of Minnesota collegiate programs in support of teaching, research, and outreach to the community. | Description of Intended Use of Endowment Funds: |
| Part X, Line 2: | FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Income tax positions must meet a more-likely than-not recognition threshold to be recognized. This interpretation also provides guidance on measurement derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Foundation recorded no liabilities in 2013 for unrecognized tax positions. | Description of Uncertain Tax Positions Under FIN 48: |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (3 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|
| Central America & the Caribbean | 0 | 0 | Investments | 454966648 |
| Europe | 0 | 0 | Investments | 34620536 |
| North America | 0 | 0 | Investments | 468127 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 490055311 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 490055311 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 1 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Aria Communications | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 717 W Saint Germain St | AddressLine1 |
| City | St Cloud | City |
| State | MN | State |
| ZIP Code | 56301 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Phone Campaign | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 37381 | GrossReceipts |
| Amount Retained By Contractor | 18314 | AmountRetainedByContractor |
| Net To Organization | 19067 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 37381 | TotalGrossReceipts |
| Total Retained By Contractors | 18314 | TotalRetainedByContractors |
| Total Net To Organization | 19067 | TotalNetToOrganization |
| Licensed States | AL | LicensedStates |
| Licensed States | AK | LicensedStates |
| Licensed States | AR | LicensedStates |
| Licensed States | CA | LicensedStates |
| Licensed States | CO | LicensedStates |
| Licensed States | CT | LicensedStates |
| Licensed States | DC | LicensedStates |
| Licensed States | FL | LicensedStates |
| Licensed States | GA | LicensedStates |
| Licensed States | HI | LicensedStates |
| Licensed States | IL | LicensedStates |
| Licensed States | KS | LicensedStates |
| Licensed States | KY | LicensedStates |
| Licensed States | LA | LicensedStates |
| Licensed States | ME | LicensedStates |
| Licensed States | MD | LicensedStates |
| Licensed States | MA | LicensedStates |
| Licensed States | MI | LicensedStates |
| Licensed States | MN | LicensedStates |
| Licensed States | MS | LicensedStates |
| Licensed States | MO | LicensedStates |
| Licensed States | NH | LicensedStates |
| Licensed States | NJ | LicensedStates |
| Licensed States | NM | LicensedStates |
| Licensed States | NY | LicensedStates |
| Licensed States | NC | LicensedStates |
| Licensed States | ND | LicensedStates |
| Licensed States | OH | LicensedStates |
| Licensed States | OK | LicensedStates |
| Licensed States | OR | LicensedStates |
| Licensed States | PA | LicensedStates |
| Licensed States | RI | LicensedStates |
| Licensed States | SC | LicensedStates |
| Licensed States | TN | LicensedStates |
| Licensed States | UT | LicensedStates |
| Licensed States | VA | LicensedStates |
| Licensed States | WA | LicensedStates |
| Licensed States | WV | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Children's Health Winefest | NameOfEvent1 |
| Gross Receipts Event1 | 630630 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 414569 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 216061 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 0 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 784 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 1791 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 30711 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 85946 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Red Hot Soiree | NameOfEvent2 |
| Gross Receipts Event2 | 550392 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 448721 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 101671 | GrossRevenueEvent2 |
| Cash Prizes Event2 | 0 | CashPrizesEvent2 |
| Non Cash Prizes Event2 | 0 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 0 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 0 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 0 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 200000 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 7 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 451331 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 338257 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 113074 | GrossRevenueOtherEvents |
| Cash Prizes Other Events | 0 | CashPrizesOtherEvents |
| Non Cash Prizes Other Events | 0 | NonCashPrizesOtherEvents |
| Rent Facility Costs Other Events | 0 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 0 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 0 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 21652 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 1632353 | GrossReceiptsTotal |
| Charitable Contributions Total | 1201547 | CharitableContributionsTotal |
| Gross Revenue Total Events | 430806 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 784 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 1791 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 30711 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 307598 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 340884 | DirectExpenseSummaryEvents |
| Net Income Summary | 89922 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (9 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|
| University of Minnesota | ||||||||
| 2221 University Ave SE Suite 111 | Minneapolis | MN | 55414 | 416007513 | Integral Part of MN | 138798341 | 0 | The University of Minnesota Foundation (UMF) provides fund grants to and for the benefit of the U of M. |
| Minnesota Landscape Arboretum Foundation | ||||||||
| 3675 Arboretum Drive | Chaska | MN | 55318 | 237081057 | 501(c)(3) | 808926 | 0 | The Minnesota Landscape Arboretum Foundation (MLAF) is a recognized foundation of the U of M. Occassionally UMF receives gifts for MLAF. |
| University of Iowa | ||||||||
| B5 Jessup Hall | Iowa City | IA | 52242 | 426004813 | 115 | 134715 | 0 | University of Minnesota collaboration with University of Iowa on Ataxia research and gene therapy. |
| Fredreich's Ataxia | ||||||||
| 533 W Uwchlan Ave | Downington | PA | 19335 | 522122720 | 501(c)(3) | 60000 | 0 | University of Minnesota research partnership on Ataxia. |
| Essentia Institute of Rural Health | ||||||||
| 502 E 2nd St | Duluth | MN | 55805 | 271291124 | 501(c)(3) | 51415 | 0 | Partnership with University of Minnesota on research of HPV and oral cancers. |
| Starkey Hearing Foundation | ||||||||
| 6700 Washington Ave S | Eden Prairie | MN | 55344 | 363297852 | 501(c)(3) | 50000 | 0 | University of Minnesota collaboration with Starkey Hearing Foundation to conduct research on hearing in Senegal, Africa. |
| Minnesota Medical Foundation | ||||||||
| 200 Oak Street SE Suite 500 | Minneapolis | MN | 55455 | 416027707 | 501(c)(3) | 40814 | 0 | The Minnesota Medical Foundation merged with the University of Minnesota Foundation on 2/1/13. Prior to that date, the Minnesota Medical Foundation was a recognized foundation of the U of M. The $40,814 reported here was gifts UMF received for MMF prior to the merger. |
| Alpha Kappa Psi Scholarship Fund | ||||||||
| PO Box 390604 | Minneapolis | MN | 55439 | 411925673 | 501(c)(3) | 34046 | 0 | The University of Minnesota Foundation (UMF) received an estate gift designated to the Alpha Kappa Psi Scholarship Fund. UMF granted the funds to Alpha Kappa Psi Scholarship Fund, being a separate nonprofit organization that is organized and operates to support students at the University of Minnesota's Carlson School of Management. |
| Jackie Robinson Foundation Inc | ||||||||
| 75 Varick Street 2nd Floor | New York | NY | 10013 | 132896345 | 501(c)(3) | 32000 | 0 | The fund grants to the Jackie Robinson Foundation, Inc. are for scholarship recipients to attend the Jackie Robinson Leadership Weekend in New York City. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 7 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 2 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance |
|---|---|---|---|
| Recipient of the Siehl Prize | 2 | 95000 | 0 |
| Research and Education Grants | 11 | 194630 | 0 |
| Honors and Awards for Medicine and Health | 4 | 24000 | 0 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: The University of Minnesota Foundation holds funds to benefit the University of Minnesota. The various departments of the University are responsible for requesting fund grants to be transferred to the University when needed. The Foundation makes certain the fund grant use matches the fund purpose and then disburses the money to the University. The University Office of Internal Audit regularly audits the departments to make sure the funds are being used for the appropriate purposes. The Foundation ensures the tax-exempt status of any organization to which it is moving grant monies or which a grant was made. In addition, the Foundation ensures the purpose of the grant is clearly understood by the transferee organization. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| L Steven Goldstein | ||||||||||||||
| Rtd. Pres & CEO (7/1/12-1/31/13) | 333024 | 0 | 104000 | 0 | 18524 | 0 | 32500 | 0 | 18250 | 0 | 506298 | 0 | 0 | 0 |
| James G Aagaard | ||||||||||||||
| Vice President | 167019 | 0 | 25465 | 0 | 3342 | 0 | 22447 | 0 | 21655 | 0 | 239928 | 0 | 0 | 0 |
| Mark L Baumgartner | ||||||||||||||
| Vice President | 180692 | 0 | 25900 | 0 | 1166 | 0 | 23969 | 0 | 9452 | 0 | 241179 | 0 | 0 | 0 |
| Robert J Burgett | ||||||||||||||
| Vice President | 167438 | 0 | 23930 | 0 | 1112 | 0 | 22142 | 0 | 8522 | 0 | 223144 | 0 | 0 | 0 |
| Lisa M Meyer | ||||||||||||||
| Retired Vice President | 190454 | 0 | 25200 | 0 | 2118 | 0 | 25434 | 0 | 16798 | 0 | 260004 | 0 | 0 | 0 |
| Julie E Pelzl | ||||||||||||||
| Vice President | 140275 | 0 | 19680 | 0 | 948 | 0 | 18523 | 0 | 7959 | 0 | 187385 | 0 | 0 | 0 |
| Kathleen L Pickard | ||||||||||||||
| Vice President & CFO | 186620 | 0 | 26830 | 0 | 4047 | 0 | 25281 | 0 | 19619 | 0 | 262397 | 0 | 0 | 0 |
| D Andrew Brown | ||||||||||||||
| Sr Director, Development | 131591 | 0 | 19200 | 0 | 1015 | 0 | 17842 | 0 | 21597 | 0 | 191245 | 0 | 0 | 0 |
| Yvonne M Grosulak | ||||||||||||||
| Dinnaken Property Mgr | 152108 | 0 | 0 | 0 | 0 | 0 | 8366 | 0 | 11913 | 0 | 172387 | 0 | 0 | 0 |
| Gracie Davenport | ||||||||||||||
| Controller | 125816 | 0 | 16015 | 0 | 426 | 0 | 16782 | 0 | 9009 | 0 | 168048 | 0 | 0 | 0 |
| Janice Sickbert | ||||||||||||||
| Asst VP, Development | 121037 | 0 | 18880 | 0 | 1128 | 0 | 16443 | 0 | 15117 | 0 | 172605 | 0 | 0 | 0 |
| Francis Robertson | ||||||||||||||
| Sr. Director, Planned Giving | 123098 | 0 | 16820 | 0 | 722 | 0 | 16959 | 0 | 23289 | 0 | 180888 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | Travel for companions is provided for the spouse of the CEO as the spouse is considered a representative of the Foundation. All spousal travel is for business purposes. Until January 31, 2013, the Foundation paid the social club dues for the Minneapolis Club. The club membership was under L. Steven Goldstein's name. The Foundation paid the dues and used the club for donor cultivation, board meetings, and committee meetings. The Foundation tracked the personal usage vs. business usage of the club and L. Steven Goldstein paid for his personal usage of the club. The club expenses were reviewed by the Foundation's CFO. The Foundation monitored and reviewed the personal usage vs. business usage of the club and included any personal use of the club in the taxable wages of L. Steven Goldstein. Starting February 1, 2013, the Foundation used the club membership under Elizabeth Malkerson's name. Elizabeth Malkerson pays the dues and receives extra compensation to cover the costs, therefore included in her taxable wages. The Foundation pays for expenses incurred for meetings, donor cultivation, board meetings and Elizabeth Malkerson pays for her personal expenses at the club. |
| Part I, Line 7 | The performance award program recognizes eligible individuals with an incentive opportunity each fiscal year for successful performance and completion of work plan accountabilities and pre-determined goals. The incentive is variable, at risk, and based on a percentage of base salary. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Richard K Davis | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Richard K. Davis (UMF Trustee) is Chairman, President and CEO of US Bancorp | Relationship |
| Amount Of Transaction | 226237 | AmountOfTransaction |
| Description Of Transaction | The Foundation makes payments to U.S. Bank for banking, trust fees, credit card fees, and purchasing card. US Bancorp is the parent company of US Bank. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 12664 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost or Selling Price | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 240 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 6060859 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Other | MethodOfDeterminingRevenues |
Securities Closely Held Stock SecuritiesCloselyHeldStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1323500 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost or Selling Price | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Grain | Description |
| Number Of Contributions | 4 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 41534 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost or Selling Price | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 2 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Third Party Use: | Identifier |
| Return Reference | Part I, Line 32b: | ReturnReference |
| Explanation | The Foundation uses accounts at brokerage firms to accept and sell gifts of securities on our behalf. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | Business Relationships disclosed through the Conflict of Interest Policy (Described below in response to Form 990, Part VI, Section B, Line 12c) are as follows: Trustees Linda A. Cohen, David M. Larson, and Patricia S. Simmons (Regents of the U of M) have a business relationship with Eric W. Kaler (President of U of M). | |
| Form 990, Part VI, Section A, line 7a | The Board of Regents of the University of Minnesota shall appoint at least one-fourth of the members of the board of trustees. | |
| Form 990, Part VI, Section B, line 11 | The form 990 is reviewed by the Controller and Chief Financial Officer, as well as an external paid preparer. After those reviews are complete, the form 990 is reviewed by the Audit Committee Chair before being presented to the full Audit Committee. Finally, a hard copy of the form is distributed to the entire Board of Trustees before filing the return. | |
| Form 990, Part VI, Section B, line 12c | Officers, trustees, and high level employees are required annually to read the conflict of interest policy and disclose any interests that could be of conflict. The CFO and accounting staff review the conflict of interest forms for any potential conflicts. To date, no conflicts of interest have been reported. However, if a possible conflict was reported, the chair would ask the person in conflict to abstain from discussions and voting, and the person may even be asked to resign from the board if necessary to be in compliance with policy. If a conflict arises during the year, it is the trustee's responsibility to disclose (prior to the meeting where the proposed transaction or arrangement is to be considered) to the board of trustees or the committee. | |
| Form 990, Part VI, Section B, line 15 | As a non-profit, the Foundation must demonstrate reasonable compensation for executive level positions (CEO and Officers). The following are in place to document and support executive compensation practices: annually the Foundation participates in and reviews market salary data, including national foundations/university development compensation survey; bi-annually non-profits CEO compensation survey; tracking of Form 990 data of other non-profit foundations; local/national surveys. Compensation review and approval process consists of: 1. Executive staff compensation is recommended by the Foundation CEO, previewed and discussed with the Board Chair and Human Resources (HR) Committee Chair. Compensation for the CEO is prepared by the Board Chair and HR Committee Chair for review and approval by the HR Committee. 2. Performance and compensation is reviewed for discussion/questions and approval by HR Committee of the Board of Trustees. It is noted the HR Committee members are "disinterested" parties under IRS intermediate sanctions. 3. The CEO and HR Committee Chair then present the officer compensation actions to the Board of Trustees Executive Committee for review and ratification. Then without the CEO present and in executive session, the Board Chair and HR Committee Chair present CEO performance and compensation for review and ratification. The approvals of the CEO and Officers compensation are documented in the meeting notes. These procedures are performed annually for the CEO and Officers with the most recent being performed in July 2013. In executive session of the quarterly Board of Trustees meeting each August, the Board Chair and HR Committee Chair report to the full board on performance and compensation for executives. | |
| Form 990, Part VI, Section C, line 19 | The audited consolidated financial statements of the University of Minnesota Foundation are available on the Foundation's website or are available upon request. The Foundation does not make its governing documents or conflict of interest policy available to the public. | |
| Form 990, Part VII | The following individuals held positions at both the Foundation and at University of Minnesota Foundation Investment Advisors ("UMFIA"). The hours listed on Part VII are the average hours per week these individuals devoted to the Foundation during the year. In addition, these individuals also devoted the following average hours per week to UMFIA. Charles Osborne .25 hours L. Steven Goldstein .25 hours Kathleen Pickard .25 hours Elizabeth Malkerson .25 hours | |
| Form 990, Part XI, line 9: | Changed in carrying value of trusts 9,346,345. UBI Partnership Income -2,675,709. | Changes in Net Assets or Fund Balances: |
| Form 990, Part VIII, Line 11a | During the fiscal year, the Board of Trustees for the Foundation and the Board of Trustees for the Minnesota Medical Foundation (MMF) agreed to combine their operations to better fulfill their respective missions, to enhance their ability to serve the University and their donors, and to create one voice for private giving at the University. The effective date of the Legal Plan of Merger was February 1, 2013. Under this Legal Plan of Merger, the MMF was merged with and into the Foundation and MMF's separate existence ceased. The merger is reflected in the consolidating financial statements and Form 990 in accordance with the technical accounting requirements of ASC 958-805 Not-for-Profit Entities - Business Combinations. MMF's assets and liabilities were combined at fair market value under the "acquisition method" as of the effective merger date of February 1, 2013 and no consideration was transferred. MMF's income and expense activity prior to the effective transaction date is not included in the Foundation's consolidated financial statements or Form 990. | |
| Form 990, Part VI, Section B, Lines 12-14 | Policies have been adopted by the University of Minnesota Foundation Board and at this time have not been adopted for University of Minnesota Foundation - Dinnaken Housing, LLC. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | University of Minnesota Foundation - Dinnaken Housing LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 Washington Ave SE | AddressLine1 |
| City | Minneapolis | City |
| State | MN | State |
| ZIP Code | 55414 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274131769 | EIN |
| Primary Activities | Real Estate Rental & Lease | PrimaryActivities |
| Legal Domicile State | DE | LegalDomicileState |
| Total Income | 799267 | TotalIncome |
| EOY Assets | 35989830 | EOYAssets |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| University Gateway Corporation | ||||||||||
| 200 Oak Street SE Suite 500 | Minneapolis | MN | 55455 | 411879994 | Facility to support U of M | MN | 501(c)(3) | Line 11, Type I: 509 | N/A | 1 |
| University of Minnesota Foundation Investment Advisors | ||||||||||
| 45 South Seventh St Ste 2650 | Minneapolis | MN | 55402 | 411931343 | Investment Management | MN | 501(c)(3) | Line 11, Type I: 509 | N/A | 1 |
Form990 Schedule R Part III Form990ScheduleRPartIII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Predominant Income TypePredominantIncomeType | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Disproportionate AllocationsDisproportionateAllocations | General Or Managing PartnerGeneralOrManagingPartner | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Santa Rosa Associates II co Industrial Realty Company | |||||||||||||
| 1091 Industrial Road Suite 101 | San Carlos | CA | 940704118 | 942940288 | Investment | CA | N/A | Investment/Other | -3504 | 2385279 | 0 | 0 | 0.54210 |
| MHRA LP | |||||||||||||
| 40 West 57th Street 24th Floor | New York | NY | 10019 | 134156814 | Investment | NY | N/A | Investment/Other | 6157665 | 11832364 | 0 | 0 | 0.85100 |
Form990 Schedule R Part IV Form990ScheduleRPartIV (6 entries)
| Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Controlled OrgControlledOrg |
|---|---|---|---|---|
| Charitable Remainder Unitrusts (42) | ||||
| Trust | MN | N/A | T | 0 |
| Charitable Remainder Annuity Trusts (4) | ||||
| Trust | MN | N/A | T | 0 |
| Perpetual Trusts (9) | ||||
| Trust | MN | N/A | T | 0 |
| Charitable Lead Unitrusts (2) | ||||
| Trust | MN | N/A | T | 0 |
| Charitable Lead Annuity Trust (1) | ||||
| Trust | MN | N/A | T | 0 |
| Pooled Income Fund (1) | ||||
| Trust | MN | N/A | T | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| University Gateway Corporation | ||
| K | 1081156 | Cash basis |
| University of Minnesota Foundation Investment Advisors | ||
| M | 3517235 | Cash basis |
| MHRA LP | ||
| S | 7495897 | Cash basis |