2012-03-07T12:39:50-07:00 2011-06-30 990 2010-07-01 416027707 MINNESOTA MEDICAL FOUNDATION MINN 6126251440 200 Oak Street SE Suite 300 Minneapolis MN 55455 Becky Malkerson 6126251440 2012-03-26 2010 2016-02-24 21:20:13Z Cynthia J Kaiser 200 Oak Street SE Suite 300 Minneapolis MN 55455 277923488 0 X www.mmf.umn.edu X 1939 MN The Minnesota Medical Foundation helps people live healthier lives by advancing health-related education, research, and care at the University of Minnesota. 48 48 116 147 9142 0 47153770 67178506 1667373 1064003 18392503 13995557 5165097 5226836 72378743 87464902 43356960 54833290 0 0 8017033 8565122 58733 83039 7396824 4505895 4205876 55938621 67687327 16440122 19777575 406861800 457078261 16144850 14473005 390716950 442605256 The Minnesota Medical Foundation helps people live healthier lives by advancing health-related education, research, and care at the University of Minnesota. 0 0 54604518 54376758 1047285 The Minnesota Medical Foundation (MMF) raises and manages private gifts that advance medical and public health research, education, and care at the University of Minnesota. Research: During the reporting year, MMF disbursed more than $42.8 million to support critical research in areas that include cardiovascular and lung disease; diabetes; cancer; brain, nerve, and muscle disorders; childhood diseases; and public and community health. Such funding supports work conducted across the University's Medical School, School of Public Health, and Masonic Cancer Center. Of this $42.8 million, $3.4 million contributed to 80 chair and professorship holders in health-related areas. Funding for these prestigious positions helps the University attract and retain outstanding faculty in academic programs of the Academic Health Center. Additionally, MMF awarded over $420,000 in seed money to 22 faculty members, enabling them to explore promising but early-stage research. Education: MMF's achievements in recruiting some of the world's top medical and public health researchers, clinicians, and practitioners, have, in turn, attracted exceptional students. MMF provides scholarships that enable students to afford the high price of a medical or public health education. During the reporting year, MMF awarded 668 scholarships that totaled more than $2 million. Notably, nearly 70 percent of the University's health professional graduates choose to stay and practice in Minnesota-boosting the state's medical workforce and its economy. MMF manages funds that also support academic programs, lectureships, and fellowships which also contribute to the education of students, residents, fellows, and faculty. Care: With MMF support, the University of Minnesota engages in innovative research, including translational studies that speed the transfer of discoveries from the laboratory to the bedside. As a result, University patients have access to the most current and promising medical care, including the latest in clinical breakthroughs. Capital: During the reporting year, MMF disbursed $8.5 million for the construction of the University of Minnesota Amplatz Children's Hospital, which opened its doors in April 2011. This state-of-the-art hospital features spacious, family-friendly private rooms; eco-sensitive design; smart in-room technology; a pediatric-only emergency department; Minnesota's only children's dialysis center; and spaces dedicated to teaching. Besides offering programs and care in more than 50 specialty areas, this academic hospital couples basic science and translational research to radically improve care for critically ill children. 517121 0 0 Media and Communications Programs: Through a wide range of print and electronic publications, social media, and its web site, the Minnesota Medical Foundation shares important news and information with faculty, staff, students, alumni, donors, prospective donors, and other friends of the University of Minnesota Medical School, School of Public Health, Masonic Cancer Center, and related programs. 1016267 456531 16718 Alumni and Donor Relations: The Minnesota Medical Foundation hosts medical alumni reunions and other alumni events, as well as program that connect current medical students with alumni and mentors. It also hosts scholarship events that recognize donors and scholarship recipients from the University of Minnesota Medical School and School of Public Health. 0 0 0 56137906 1 1 0 0 0 1 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 246 0 1 116 1 1 1 0 0 0 0 1 1 1 46 0 0 0 X 48 48 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X Cynthia J Kaiser CFO 6126251440 200 Oak Street SE Suite 300 Minneapolis MN 554552030 Olson Thomas G 10 X X 0 0 0 Hawn Elizabeth 9 X X 0 0 0 Plimpton Susan B 8 X X 0 0 0 Andreini-Arnold Patti 5 X X 0 0 0 Allen Clyde E 1 X 0 0 0 Allison Mark 1 X 0 0 0 Anderson James 1 X 0 0 0 Ankeny DeWalt H 1 X 0 0 0 Bruininks Robert 1 X 0 0 0 Cannom David 1 X 0 0 0 Carlson Richard 2 X 0 0 0 Cartier Thomas 1 X 0 0 0 Cerra Frank B 1 X 0 0 0 Davis Gary L 2 X 0 0 0 Dayton Wendy 1 X 0 0 0 Ebner Timothy J 2 X 0 0 0 Eustis Mark 1 X 0 0 0 Finnegan John R Jr 3 X 0 0 0 Forster Barbara L 1 X 0 0 0 Friedman Aaron 1 X 0 0 0 Gaviser Judy 4 X 0 0 0 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University Gateway Corp C/O Noth Marq CM-9778 PO Box 70870 Minneapolis MN 551709778 Building leasing and management 448179 Olson 1625 Hennepin Ave Minneapolis MN 55403 Advertising and Communication 305224 CSG Systems Department 8252 Los Angeles CA 90084 Writing and Commnications 175535 Intereum 845 Berkshire Lane N Plymouth MN 55441 Interior Furnishings 170686 Blackbaud PO Box 930256 Atlanda GA 31193 Software developoment and service 150270 12 0 0 1487650 0 0 65690856 1631839 67178506 Student Loan Interest 525990 92072 92072 0 0 Registration and Program Fees 611710 971931 971931 0 0 0 0 0 0 1064003 3927718 0 9142 3918576 0 0 0 0 0 0 0 0 0 0 199861168 0 189793329 0 10067839 0 10067839 0 0 10067839 478981 1487650 665257 -186276 0 -186276 Transfers in from Other Organization 900099 5413112 5413112 0 0 0 0 0 0 5413112 87464902 6477115 9142 13800139 54591908 54591908 241382 241382 0 0 0 0 1159688 0 585607 574081 0 0 0 0 5475786 447313 1617227 3411246 631234 61606 160653 408975 825831 50255 296338 479238 472583 38605 139573 294405 0 0 0 0 48915 0 19530 29385 37260 0 37260 0 0 0 0 0 83039 83039 227760 227760 0 0 630817 102710 213819 314288 0 0 0 0 978571 187420 315617 475534 180481 0 159152 21329 0 0 0 0 501287 45169 155381 300737 250136 1149 45374 203613 0 0 0 0 194442 4180 54953 135309 0 0 0 0 0 0 0 0 227583 21171 72773 133639 19539 0 19539 0 Alumni and Scholarship Programs 521630 52361 83993 385276 Dues and Subscriptions 52223 407 17925 33891 Miscellaneous 183271 1426 151527 30318 Donor and Volunteer Recognition 151961 63084 6356 82521 67687327 56137906 4152597 7396824 257084 243153 36593051 18640674 106215146 102836881 23217 136308 0 0 0 0 1931005 1241582 0 0 76790 85017 2533133 1770007 308002 763126 225556121 292047443 0 0 0 0 0 0 35901384 41084077 406861800 457078261 3933643 2229179 284333 87333 262500 243750 0 0 0 0 0 0 0 0 0 0 11664374 11912743 16144850 14473005 X 10691553 12928028 208766349 226005933 171259048 203671295 390716950 442605256 406861800 457078261 X 19777575 32110731 X 0 1 1 X 0 X 49870373 102156864 79171407 47153770 66878506 345230920 0 0 0 0 0 0 0 0 0 0 49870373 102156864 79171407 47153770 66878506 345230920 63932381 281298539 6317009 6295662 5988864 4604052 3741442 26947029 0 0 0 0 0 0 0 0 372177949 0.75582 0.79127 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 14772 0 375635 0 1 1 182213542 27259704 37332996 983133 11827918 3883495 230111696 168365409 22440071 18037104 923213 22105747 3600082 182213542 239898465 11907149 -57434156 7794600 14607490 3603959 168365409 0.26 0.74 0 1 0 0 0 0 0 0 0 0 0 762995 393249 369746 0 1071877 855178 216699 0 698261 521580 176681 763126 Gifts-in-Kind 4915 Investments in Split Interest Agreements 11004955 Interest in Charitable Trusts 26160986 Interest in Charitable Lead Trusts 3276034 Interest in Commercial Annuity Contract 637187 41084077 0 Split Interest Agreement Liabilities 6383530 Investments held for Custody of Others 1409213 Investment Loan Payable 4120000 11912743 87464902 67687327 19777575 28222970 0 0 0 3887761 32110731 51888306 120013130 28222970 0 0 3887761 32110731 87902399 227760 -665257 -437497 87464902 68124824 0 0 0 665257 665257 67459567 227760 0 227760 67687327 SchD_P05_S00_L04 Schedule D, Part V, Line 4 In managing its permanent endowments, the organization has two main objectives: 1) to provide a stable and consistent source of financial support for the stated charitable purposes, and 2) to protect the purchasing power of the investment over time. For funds invested in the endowment, distributions for spending are provided on a quarterly basis, and are used to fund the donors' designated area of support. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in Value of Split-Interest Agreeements (Unrealized Gain) SchD_P11_S00_L10 Schedule D, Part XI, Line 10 The organization has adopted guidance in the income tax standard regarding the recognition of uncertain tax positions. The guidance prescribes threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax filing that are not certain to be realized. The implementation of this guidance had no impact on the organization's financial statements. The organization's tax filings are subject to review and examination by federal and state authorities. The organization is not aware of any activities that would jeopardize its tax exempt status, nor any subject to tax on unrelated business income, excise or other taxes. The filings for the years ended 2008 to 2010 are open to examination by federal and state authorities. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Change in value of split-interest agreements SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Direct expenses related to fundraising expenses netted against revenue on Part VIII SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Direct expenses related to fundraising events netted against revenue on Part VIII X X X X X X 1 Aria Communications 717 West St Germain St St Cloud MN 56301 Phone Campaign 0 117037 83039 33998 117037 83039 33998 MN Children's Health Wine Fest 715973 527983 187990 0 0 22888 98715 33508 104910 Red Hot Soiree 389064 295425 93639 0 0 0 0 0 150000 7 861594 664242 197352 0 0 35239 112572 16061 91364 1966631 1487650 478981 0 0 58127 211287 49569 346274 665257 -186276 1 University of Minnesota Academic Health Center MMC 293 6th Floor Mayo Building Minneapolis MN 55455 416007513 Govt Entity 46085206 0 NA NA Medical Research, Education, and Scholarships Fairview Health Services 2450 Riverside Ave Minneapolis MN 55454 410991680 501(c)(3) 8506701 79637 Fair Market Value Toys, books, games, clothes for children Building and equipment grants. 2 0 Honor and Award Grants to 171 Individual faculty and students of the University of Minnesota Academic Health Center to support their research and educational goals. 171 241382 0 NA SchI_P01_S00_L02 Schedule I, Part I, Line 2 The organization ensures that grants are expended according to their established restrictions through appropriate systems and an authorization process. The process includes a grants application review and reporting as well as periodic internal audit procedures. X X X X X 0 0 0 0 0 0 0 0 0 Malkerson Becky 364216 0 0 0 11833 0 31850 0 9341 0 417240 0 0 0 Kaiser Cynthia 201401 0 0 0 1800 0 23617 0 8790 0 235608 0 0 0 Porter Patricia 193692 0 0 0 1717 0 23302 0 9479 0 228190 0 0 0 Soderholm Jennifer 140815 0 0 0 1966 0 18454 0 21031 0 182266 0 0 0 Thurman Erik 134751 0 0 0 1727 0 18174 0 21475 0 176127 0 0 0 Youngerman Sarah 132599 0 0 0 1656 0 16596 0 20897 0 171748 0 0 0 McCarthy Mary 117100 0 0 0 8504 0 16637 0 9570 0 151811 0 0 0 X 84427 Fair Market Value X 43 876844 Average value on date of gift X 1 9982 Sales value X 2 660586 Market value of investments 2 0 1 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 10 members of the organization's Board of Trustees are employed by the University of Minnesota whose president during the reporting period, Robert Bruininks, is also a trustee of the organization. The other 9 individuals are Gary Davis, Ph.D.; Timothy Ebner, M.D.; John Finnegan, Ph.D.; Aaron Friedman, M.D.; Frank Cerra, M.D.; Wesley Miller, M.D.; Mark Paller, M.D.; Roby Thompson, M.D.; and Selwyn Vickers, M.D. In addition, Philip Ordway and Peter Grant, both members of the organization's board of trustees, each owns a one-third interest in a Limited Liability Company that owns a vacant parcel of land. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a The 990 undergoes a review by the Associate VP of Finance, the CFO, and by outside tax counsel. Once reviewed, the 990 is provided to the Finance and Audit committee for review and approval and then to the full board prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c A Conflict of Interest questionnaire is distributed to the Board of Trustees as well as to all employees annually. Completed surveys are reviewed, consistent with policy. If a conflict of interest should arise, it is managed consistent with the policy, which states that the disclosure by staff should be made to the CEO (or if the CEO is the one with the conflict, then to the board chair), who shall bring the matter to the attention of the Executive Committee of the Board of Trustees. The Executive Committee shall determine whether the contemplated transaction may be authorized as in the best interests of the organization. The decision of the Executive Committee on these matters will rest in their sole discretion, and their concern must be the welfare of the organization and the advancement of its mission. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The organization's Associate VP of Human Resources gathers comparative market data on compensation for these positions, including valid compensation surveys that contain data from organizations of like size and industry (nonprofits, university foundations). Other data are purchased from an independent compensation consultant. The VP of HR compiles the information and presents it to the Compensation Committee of the Board of Trustees. The organization's CEO makes recommendations for compensation adjustments for the CFO and Vice Presidents of Development and of Marketing and Communications. These recommendations are approved by the Compensation Committee, which also makes recommendations to the Executive Committee for the CEO's pay. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The organization's governing documents and conflict of interest policies are not made available to the public. Interim financial statements are made available to the public upon request. Audited financial statements are available on the organization's website for public viewing. F990_P11_S00_L05 Form 990, Part XI, Line 5 Change in value of Split-Interest Agreements $3,887,761; Unrealized Gain $28,222,970 University Gateway Corp 200 Oak Street SE Suite 500 Minneapolis MN 55455 411879994 Building ownership and management for supported organization MN 501(c)(3) 13-I N/A 0 CRUT 200 Oak Street SE Suite 300 Minneapolis MN 55455 320003859 Charitable Remainder Trust MN N/A T 0 85896 0.95 CRUT 200 Oak Street SE Suite 300 Minneapolis MN 55455 411889714 Charitable Remainder Trust MN N/A T 0 77200 0.78 CRUT 200 Oak Street SE Suite 300 Minneapolis MN 55455 411889716 Charitable Remainder Trust MN N/A T 0 36288 0.77 CRUT 200 Oak Street SE Suite 300 Minneapolis MN 55455 716188385 Charitable Remainder Trust MN N/A T 0 72589 0.73 CRAT 200 Oak Street SE Suite 300 Minneapolis MN 55455 416401191 Charitable Remainder Trust MN N/A T 0 91024 0.61 CRUT 200 Oak Street SE Suite 300 Minneapolis MN 55455 416466044 Charitable Remainder Trust MN N/A T 0 43872 0.59 CRUT 200 Oak Street SE Suite 300 Minneapolis MN 55455 776242413 Charitable Remainder Trust MN N/A T 0 570446 0.56 CRUT 200 Oak Street SE Suite 300 Minneapolis MN 55455 412015149 Charitable Remainder Trust MN N/A T 0 173288 0.55 CRAT 200 Oak Street SE Suite 300 Minneapolis MN 55455 416401193 Charitable Remainder Trust MN N/A T 0 28356 0.53 CRAT 200 Oak Street Se Suite 300 Minneapolis MN 55455 416322129 Charitable Remainder Trust MN N/A T 0 67179 0.52 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0