UNIVERSITY OF MINNESOTA FOUNDATION Charity Report

Public IRS 990 nonprofit record

UNIVERSITY OF MINNESOTA FOUNDATION

EIN 41-6042488 · Education (B110)

What they do

A NON-PROFIT ORGANIZATION WITH THE SOLE PURPOSE of SUPPORTING THE UNIVERSITY of MINNESOTA WITH A MISSION to CONNECT PASSION WITH POSSIBILITY, INSPIRE GENEROSITY, and SUPPORT GREATNESS AT THE UNIVERSITY of MINNESOTA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders61 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

51.86%of revenue went to mission work79.3% of expenses · Program services

8.24%of revenue went to fundraising12.6% of expenses

$65.37spent for every $100 of revenueRevenue covered expenses this year.

5.27%of revenue went to management and office costs8.1% of expenses

$14.28in assets for every $1 spent this yearSome assets cannot be spent right away.

58.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $788,382 for KATHLEEN M SCHMIDLKOFER (PRESIDENT/CEO (UNTIL 6/30/2025)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$586,199,341

Mission workProgram services$304,014,07351.86% of revenue79.3% of expenses

ManagementOffice and general costs$30,874,7385.27% of revenue8.1% of expenses

FundraisingAsking for donations$48,296,7438.24% of revenue12.6% of expenses

Revenue left after expensesReported annual surplus$203,013,78734.63% of revenueShown in gray on the chart

Total expenses$383,185,55465.37% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 79.3% mission · 8.1% management · 12.6% fundraisingTotal expenses: 65.37% of revenue

2023Expense mix: 80.3% mission · 7.6% management · 12.1% fundraisingTotal expenses: 67.39% of revenue

2022Expense mix: 79.7% mission · 8.4% management · 11.9% fundraisingTotal expenses: 77.01% of revenue

2021Expense mix: 77.6% mission · 9.0% management · 13.4% fundraisingTotal expenses: 69.71% of revenue

2020Expense mix: 78.7% mission · 7.9% management · 13.4% fundraisingTotal expenses: 38.23% of revenue

2019Expense mix: 78.1% mission · 7.8% management · 14.1% fundraisingTotal expenses: 104.48% of revenue

2018Expense mix: 79.3% mission · 7.3% management · 13.3% fundraisingTotal expenses: 95.77% of revenue

2017Expense mix: 76.8% mission · 8.5% management · 14.7% fundraisingTotal expenses: 79.52% of revenue

Money in and money out

Revenue$586,199,341

Expenses$383,185,554

Annual surplus $203,013,787 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$304,014,073 · 79.3% of expenses

Management and office costs$30,874,738 · 8.1% of expenses

Fundraising$48,296,743 · 12.6% of expenses

See all reported dollar amounts

Revenue$586,199,341

Expenses$383,185,554

Assets$5,473,796,088

Income$5,470,786,374

Contributions$342,224,885

Mission work (program services)$304,014,073

Fundraising$48,296,743

Grants given$2,128,565,894

Average grant$32,250,998

Management and general$30,874,738

Stocks and bonds$651,828,582

Accounting fees$342,008

Investing fees$10,421,088

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KATHLEEN M SCHMIDLKOFERPRESIDENT/CEO (UNTIL 6/30/2025) · 40 hrs/week $788,382Base $739,480 · Other $48,902

PAT MASCIAUMFREA MANAGING DIRECTOR · 40 hrs/week $601,583Base $542,850 · Other $58,733

PATRICIA K PORTEREXECUTIVE VICE PRESIDENT · 40 hrs/week $552,234Base $470,753 · Other $81,481

ROBERT J BURGETTSENIOR ADVISOR (UNTIL 6/30/25) · 40 hrs/week $518,625Base $457,446 · Other $61,179

CHRISTINE K SEARSONVICE PRESIDENT/CFO · 40 hrs/week $460,969Base $388,286 · Other $72,683

TRAVIS SMITHSENIOR VICE PRESIDENT · 40 hrs/week $378,040Base $319,213 · Other $58,827

CATHERINE MCGLINCHSENIOR VICE PRESIDENT · 40 hrs/week $369,140Base $300,668 · Other $68,472

SARAH E YOUNGERMANVICE PRESIDENT · 40 hrs/week $354,760Base $292,178 · Other $62,582

SOPHIA KHANVICE PRESIDENT · 40 hrs/week $354,682Base $303,382 · Other $51,300

STEVEN M CORKERYVICE PRESIDENT · 40 hrs/week $354,542Base $290,661 · Other $63,881

KRISTI FLANAGAN VILLARVICE PRESIDENT · 40 hrs/week $345,283Base $290,703 · Other $54,580

ELIZABETH PATTYASSOC VICE PRESIDENT (UNTIL 5/14/25) · 40 hrs/week $344,489Base $290,390 · Other $54,099

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (61)

KATHLEEN M SCHMIDLKOFERPRESIDENT/CEO (UNTIL 6/30/2025)

PAT MASCIAUMFREA MANAGING DIRECTOR

PATRICIA K PORTEREXECUTIVE VICE PRESIDENT

ROBERT J BURGETTSENIOR ADVISOR (UNTIL 6/30/25)

CHRISTINE K SEARSONVICE PRESIDENT/CFO

TRAVIS SMITHSENIOR VICE PRESIDENT

CATHERINE MCGLINCHSENIOR VICE PRESIDENT

SARAH E YOUNGERMANVICE PRESIDENT

SOPHIA KHANVICE PRESIDENT

STEVEN M CORKERYVICE PRESIDENT

KRISTI FLANAGAN VILLARVICE PRESIDENT

ELIZABETH PATTYASSOC VICE PRESIDENT (UNTIL 5/14/25)

MICHAEL COHENVICE PRESIDENT

THOMAS G OLSONTRUSTEE/SECRETARY

LYNN CASEYTRUSTEE

MICHAEL B FITERMANTRUSTEE

MICHAEL F ROMANTRUSTEE

MICHAEL H JOHNSONTRUSTEE

MICHAEL P LEHANTRUSTEE

NANCY W STEFANITRUSTEE

PAHOUA HOFFMANTRUSTEE

WEMIMO S ABBEY MPATRUSTEE

W ANDERS FOLK JDTRUSTEE

TY R SILBERHORNTRUSTEE

SHARI L BALLARDTRUSTEE (UNTIL 11/7/2024)

PETER A VORBRICHTRUSTEE

PHILIP E SORANTRUSTEE

REBECCA A CROOKS-STRATTONTRUSTEE

REBECCA M CUNNINGHAM MDTRUSTEE

RICHARD T OSTLUND JDTRUSTEE (UNTIL 11/7/2024)

THERESA B WARDTRUSTEE

ROGER J SITTRUSTEE/TREASURER

ROSS LEVINTRUSTEE

RUTH E JOHNSONTRUSTEE

JAMES K LEETRUSTEE

ACOOA ELLISTRUSTEE

BETH KIEFFER LEONARDTRUSTEE

BETHANY M OWENTRUSTEE

BLYTHE A BRENDENTRUSTEE

BRADFORD W WALLINTRUSTEE

DARRELL A THOMPSONTRUSTEE

DAVID J MCMILLAN JDTRUSTEE

DOROTHY J BRIDGESTRUSTEE

DOUGLAS A HUEBSCHTRUSTEE

ERIK M TORGERSONTRUSTEE (UNTIL 11/7/2024)

ESTA E STECHERTRUSTEE

HOYT M HSIAOTRUSTEE

JACQUELINE R WILLIAMS-ROLLTRUSTEE/PAST CHAIR

MARY A DAVENPORTTRUSTEE (UNTIL 6/30/2025)

JOHN MORRISPRESIDENT/CEO (STARTED 5/1/2025)

JOHN E LINDAHLTRUSTEE

JULIE E GILBERTTRUSTEE

KATHERINE A NELSON PHDTRUSTEE

KATHIE EILAND-MADISONTRUSTEE

KENNETH C GLASERTRUSTEE/CHAIR

KURT E HEIKKILATRUSTEE (UNTIL 11/7/2024)

LAURIE MARSHTRUSTEE

LEA B OLSENTRUSTEE

LISA OPOKU JDTRUSTEE

ABDUL M OMARI PHDTRUSTEE/VICE CHAIR

LYNNE REDLEAFTRUSTEE

About this charity

Recognized since: January 1964
Location: 200 OAK ST SE STE 500, MINNEAPOLIS, MN 55455-2010
County: Hennepin
In care of: % MCNAMARA ALUMNI CENTER
Primary officer: CHRISTINE K SEARSON, VICE PRESIDENT/CFO

How to reach them

WebsiteVisit the charity’s website Phone(612) 624-3333

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Education (B110)
Grant-giving organization: Yes