University of Minnesota Foundation
200 Oak St SE Ste 500, Minneapolis, MN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $586,199,341 | $383,185,554 | $4,770,740,227 |
| FY2024 | $524,006,934 | $353,145,790 | $4,362,889,250 |
| FY2023 | $428,104,208 | $329,663,282 | $4,014,219,632 |
| FY2022 | $372,579,336 | $259,725,296 | $3,844,904,394 |
| FY2021 | $669,514,544 | $255,977,022 | $3,966,536,950 |
| FY2020 | $247,493,306 | $258,577,397 | $3,031,812,492 |
| FY2019 | $277,579,789 | $265,831,329 | $2,964,196,380 |
| FY2018 | $313,095,237 | $248,961,516 | $2,782,652,884 |
| FY2017 | $285,647,333 | $290,138,625 | $2,576,820,493 |
| FY2016 | $273,241,140 | $262,543,503 | $2,457,568,962 |
| FY2015 | $314,591,567 | $239,647,200 | $2,446,347,529 |
| FY2014 | $247,570,551 | $225,549,400 | $2,303,644,815 |
| FY2013 | $634,639,767 | $171,933,630 | $2,084,377,469 |
| FY2012 | $157,327,178 | $138,780,368 | $1,504,478,102 |
Form 990 filings
The returns filed by University of Minnesota Foundation (EIN 41-6042488), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $342,224,885 | 58% |
| Program service revenue | $0 | 0% |
| Other revenue | $243,974,456 | 42% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $304,014,073 | 79% |
| Management & general | $30,874,738 | 8% |
| Fundraising | $48,296,743 | 13% |
What the numbers show
- Contributions & grants made up 58% of total revenue in FY2025.
- Program services accounted for 79% of functional expenses, management & general 8%, and fundraising 13%.
- 79% of functional expenses went to program services in FY2025. That is higher than 16.4% of 73 Education organizations in MN.
- Net assets covered about 149.4 months of expenses at the end of the reporting year. That puts it in the 89th percentile among 1313 Education organizations in MN.
- Total revenue was the highest among 1323 Education organizations in MN.
- Total revenue rose from $157,327,178 in FY2012 to $586,199,341 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2017, FY2020).
- The highest revenue on record here is $669,514,544 in FY2021.
- Net assets grew from $1,504,478,102 to $4,770,740,227 between FY2012 and FY2025.
- Contributions and grants made up 87% of revenue in FY2012 and 58% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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.
IRS status
| Ruling year | 1964 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B110 — Education (in MN) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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