MEDTRONIC GLOBAL HEALTH FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MEDTRONIC GLOBAL HEALTH FOUNDATION (EIN 81-2307516)
- Tax period
- 2022-04-30 to 2023-04-28
- Filed
- 2024-03-14
- IRS object ID
- 202440749349100629
- Schema version
- 2022v5.0
- 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-PF
- Schedule B
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Other Assets Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-03-14T17:56:40-05:00 | ReturnTs |
| Tax Period End | 2023-04-28 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 S 6TH ST 2300 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-04-30 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 812307516 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEDTRONIC GLOBAL HEALTH FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MEDT | BusinessNameControlTxt |
| Phone | 7635052643 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 710 MEDTRONIC PKWY | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55432 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VICTORIA DAVIS | PersonNm |
| Person Title | ASSISTANT TREASURER | PersonTitleTxt |
| Phone | 7635052643 | PhoneNum |
| Signature | 2024-03-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | VICTORIA | PersonFirstNm |
| Person Last | DAVIS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LAWRENCE H MOHR CPA | PreparerPersonNm |
| PTIN | P00447603 | PTIN |
| Phone | 6128764500 | PhoneNum |
| Preparation | 2024-03-14 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $32,179,610 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $100,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $319,749 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $313,161 | InterestOnSavNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$99,794 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $13,994,372 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $319,955 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $313,161 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Chrtbl Prps | $5,315 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $204,702 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $307 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Other Expenses Dsbrs Chrtbl | $50,000 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $204,702 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $307 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $55,315 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $50,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $204,702 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $307 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $105,315 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $115,253 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $312,854 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $539,529 | CashBOYAmt |
| Cash EOY | $534,214 | CashEOYAmt |
| Cash EOYFMV | $534,214 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $12,599,086 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,945,396 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,945,396 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Bonds BOY | $3,032,172 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $0 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Other Assets BOY | $13,700,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $23,700,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $23,700,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $29,870,787 | TotalAssetsBOYAmt |
| Total Assets EOY | $32,179,610 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $32,179,610 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $253,455 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $2,402,535 | AccountsPayableEOYAmt |
| Grants Payable BOY | $50,000 | GrantsPayableBOYAmt |
| Total Liabilities BOY | $303,455 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,402,535 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $29,067,332 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $29,177,075 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $500,000 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $600,000 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $29,567,332 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $29,777,075 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $29,870,787 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $32,179,610 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $29,567,332 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $115,253 | ExcessRevenueOverExpensesAmt |
| Other Increases | $94,490 | OtherIncreasesAmt |
| Subtotal | $29,777,075 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $29,777,075 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| Gross Sales Price | $13,994,372 | GrossSalesPriceAmt |
| Cost Or Other Basis | $14,094,166 | CostOrOtherBasisAmt |
| Gain Or Loss | -$99,794 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$99,794 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$99,794 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,349 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $4,349 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $4,349 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $7,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $7,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $62 | EsPenaltyAmt |
| Overpayment | $2,589 | OverpaymentAmt |
| Applied To ES Tax | $2,589 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | FOUNDATION.MEDTRONIC.COM | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7635052643 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 710 MEDTRONIC PKWY | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55432 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| CAROL SURFACE | ||||||||
| 710 MEDTRONIC PARKWAY | MINNEAPOLIS | MN | 55432 | CHAIR OF BOARD, DIRECTOR | 0.20 | $0 | $0 | $0 |
| RUCHIKA SINGHAL | ||||||||
| 710 MEDTRONIC PARKWAY | MINNEAPOLIS | MN | 55432 | PRESIDENT, VICE CHAIR | 15.00 | $0 | $0 | $0 |
| JASON BRISTOW | ||||||||
| 710 MEDTRONIC PARKWAY | MINNEAPOLIS | MN | 55432 | TREASURER | 5.00 | $0 | $0 | $0 |
| VICTORIA DAVIS | ||||||||
| 710 MEDTRONIC PARKWAY | MINNEAPOLIS | MN | 55432 | ASSISTANT TREASURER | 18.00 | $0 | $0 | $0 |
| MARTHA HA | ||||||||
| 710 MEDTRONIC PARKWAY | MINNEAPOLIS | MN | 55432 | SECRETARY | 0.20 | $0 | $0 | $0 |
| GIORDANA BELENCHIA | ||||||||
| 710 MEDTRONIC PARKWAY | MINNEAPOLIS | MN | 55432 | ASSISTANT SECRETARY | 2.00 | $0 | $0 | $0 |
| GEOFF MARTHA | ||||||||
| 710 MEDTRONIC PARKWAY | MINNEAPOLIS | MN | 55432 | BOARD DIRECTOR | 0.20 | $0 | $0 | $0 |
| KAREN PARKHILL | ||||||||
| 710 MEDTRONIC PARKWAY | MINNEAPOLIS | MN | 55432 | BOARD DIRECTOR | 0.20 | $0 | $0 | $0 |
| TOROD NEPTUNE | ||||||||
| 710 MEDTRONIC PARKWAY | MINNEAPOLIS | MN | 55432 | BOARD DIRECTOR | 0.20 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | MEDTRONIC LABS IS THE ONLY HEALTH SYSTEMS INNOVATOR THAT DEVELOPS COMMUNITY-BASED, TECH-ENABLED SOLUTIONS FOR UNDERSERVED PATIENTS, FAMILIES, AND COMMUNITIES ACROSS THE WORLD. BY BRIDGING HYPER-LOCAL SERVICES WITH CUTTING-EDGE TECHNOLOGY, WE PROVIDE SUSTAINABLE AND LOCALIZED HEALTHCARE SOLUTIONS THAT PRODUCE MEASURABLE PATIENT OUTCOMES FOR ALL. BY BUILDING POWERFUL SYSTEM-LEVEL PARTNERSHIPS, MEDTRONIC LABS IS CREATING A GLOBAL HEALTH SYSTEM FOR THE FUTURE. | Description1Txt |
| Expenses1 | $8,000,000 | Expenses1Amt |
| Total | $8,000,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $12,184,441 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $711,083 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $12,895,524 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $12,895,524 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $193,433 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $12,702,091 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $635,105 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $635,105 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,349 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,349 | TotalTaxAmt |
| Distributable Before Adj | $630,756 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $630,756 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $630,756 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $105,315 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $8,000,000 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $8,105,315 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $630,756 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $6,748,842 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $6,748,842 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $8,105,315 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $630,756 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $7,474,559 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $14,223,401 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $14,223,401 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $6,748,842 | ExcessFromYear1Amt |
| Excess From Current Year | $7,474,559 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | GRANT APPLICATIONS SHOULD BE SUBMIT | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 710 MEDTRONIC PKWY | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55432 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7635052643 | RecipientPhoneNum |
| Form And Info And Materials | ORGANIZATIONS MUST APPLY FOR GRANTS USING THE FOUNDATION'S ONLINE APPLICATION SYSTEM. ADDITIONAL DOCUMENTS WILL BE REQUIRED WITH THE ONLINE APPLICATION. THE ONLINE APPLICATION PROCESS ALLOWS FOR THE ATTACHMENT OF REQUIRED DOCUMENTS IN AN ELECTRONIC FORMAT. THE ADDITIONAL DOCUMENTS REQUIRED WITH THE ONLINE APPLICATION ARE AS FOLLOWS: - PROJECT BUDGET FORM (A TEMPLATE WILL BE PROVIDED ONLINE) - INTERIM/FINAL REPORT ON THE GRANT APPLICANT'S MOST RECENT GRANT FROM MEDTRONIC GLOBAL HEALTH FOUNDATION (ONLY REQUIRED IF THE GRANT APPLICANT HAS PREVIOUSLY RECEIVED FUNDING FROM THE FOUNDATION) | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | DEADLINES VARY. MOST PROGRAMS ARE DUE BETWEEN SEPTEMBER 15 - JANUARY 31. | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE FOUNDATION FUNDS: - IN THE U.S.: 501(C)(3) ORGANIZATIONS (AN IRS DETERMINATION LETTER VERIFYING THE STATUS IS REQUIRED) - OUTSIDE THE U.S.: ORGANIZATIONS REGISTERED AS NONPROFITS, OR IN SOME CASES, ORGANIZATIONS THAT FUNCTION AS NONPROFITS, WHICH COULD INCLUDE SCHOOLS AND GOVERNMENT INSTITUTIONS. THE FOUNDATION DOES NOT FUND: - CONTINUING MEDICAL EDUCATION (CME) GRANTS - 501(C)(3) TYPE 509(A)(3) SUPPORTING ORGANIZATIONS - CAPITAL OR CAPITAL PROJECTS - GENERAL OPERATING SUPPORT | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KARNATAKA HEALTH PROMOTION TRUST | BusinessNameLine1Txt |
Recipient Foreign Address RecipientForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RAJAJINAGAR INDL AREA BEHIND KSSIDC | AddressLine1Txt |
| Address Line2 | ADMIN OFFICE RAJAJINAGAR | AddressLine2Txt |
| City | KARNATAKA | CityNm |
| Country | IN | CountryCd |
| Foreign Postal | 560044 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | NC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | ADDITIONAL FUNDS ARE TO SUPPORT KHPT'S DELIVERY OF CONTINUUM OF CARE FOR 1,806 PEOPLE WITH DIABETES AND HYPERTENSION, FOR SEVEN MONTHS. THIS WILL ALLOW FOR KHPT STAFF TO FULLY ENGAGE IN THE IMPLEMENTATION AND EVALUATION PHASE WHILE ENSURING CONTINUUM OF NCD CARE. KHPT IS ENSURING RETENTION AND CLINICAL IMPROVEMENTS OF 1,806 PERSONS WITH DIABETES AND HYPERTENSION. | GrantOrContributionPurposeTxt |
| Amt | $50,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $50,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $319,749 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$99,794 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $219,955 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $219,955 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PATRICK J MCGOVERN FOUNDATION | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 171536 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02117 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $100,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (3 entries)
| Address Line1ForeignAddress/AddressLine1Txt | Address Line2ForeignAddress/AddressLine2Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | VerificationVerificationDt | Results Of VerificationResultsOfVerificationTxt | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TELETHON INSTITUTE FOR CHILD HEALTH RESEARCH | ||||||||||||||||
| PERTH CHILDRENS HOSPITAL 15 | HOSPITAL AVE | NEDLANDS | AS | 6009 | 2021-02-01 | $10,000 | TO HIGHLIGHT THE VARIOUS EFFECTS THE COVID-19 PANDEMIC HAS HAD ON PEOPLE LIVING WITH RHD (PLWRHD) AND THE HEALTH WORKERS WHO CARE FOR THEM. IN SO DOING, THE GOAL IS TO IDENTIFY THE GAPS FACED IN CARE FOR THIS DISEASE. | $10,000 | NONE KNOWN | MAY 2023 | 2023-05-01 | IMPACT REPORT WAS SUBMITTED STATING THAT USING SAMPLING, INFORMATION WAS GATHERED ON HOW COVID-19 IS IMPACTING THE LIVES, CARE, AND WORK OF PLWRHD, PARENTS OF PLWRHD AND THE HEALTH WORKERS SERVING THEM. THIS INFORMATION WILL BE FURTHER USED FOR STUDIES AND RESEARCH. A SELECT SUB-SET OF SURVEY RESPONDENTS WILL BE CHOSEN FOR FURTHER IN-DEPTH INTERVIEWS. | ||||
| MEDTRONIC LABS PBC | ||||||||||||||||
| 2022-04-29 | $8,000,000 | MEDTRONIC LABS IS A HEALTH SYSTEMS INNOVATOR. LABS DESIGNS TECH-POWERED HEALTHCARE DELIVERY MODELS THAT STRENGTHEN AND EXTEND HEALTH SYSTEMS INTO LOCAL COMMUNITIES, DELIVERING SUSTAINABLE OUTCOMES FOR UNDERSERVED PATIENTS WORLDWIDE. LABS APPROACH INTEGRATES THREE ELEMENTS:DIGITAL TECHNOLOGY: OPEN-SOURCE SOFTWARE SOLUTIONS DESIGNED FOR INTEGRATED PRIMARY CARE AT THE COMMUNITY LEVEL.HEALTH SYSTEMS STRENGTHENING: CAPACITY BUILDING FOCUSED ON LEVERAGING DATA FOR IMPROVING POPULATION HEALTH OUTCOMES AND OPERATIONAL EFFICIENCIES AT THE LAST MILE.PARTNERSHIPS: OUTCOMES FOCUSED PARTNERSHIPS WITH GOVERNMENTS AND HEALTHCARE ECOSYSTEM TO DRIVE SUSTAINABLE TRANSFORMATION AT SCALE.ACROSS MULTIPLE COUNTRIES AND HEALTH SYSTEMS, LABS HAS BEEN ABLE TO DEMONSTRATE HOW CLINICAL OUTCOMES CAN BE SIGNIFICANTLY IMPROVED BY INTEGRATING BOTH TECHNOLOGY AND SERVICE DELIVERY INNOVATION AT THE COMMUNITY LEVEL AND HAVE BUILT KEY STAKEHOLDER PARTNERSHIPS AT LOCAL AND GLOBAL LEVELS. | $8,000,000 | NONE KNOWN | REPORTS RECEIVED REGULARLY | LABS HAS MET WITH MGHF BOARD ON QUARTERLY BASIS TO PROVIDE UPDATES ON IMPLEMENTATION ACTIVITIES AND LIVE IMPACTED METRICS.IN FY23 LABS DEMONSTRATED SUCCESSFUL IMPLEMENTATION IN MULTIPLE COUNTRIES SIMULTANEOUSLY WITH THE FOLLOWING MILESTONES ACHIEVED:-201 HEALTH FACILITIES ACROSS 4 COUNTRIES-SCREENED 325,592 PEOPLE FOR HYPERTENSION AND/OR DIABETES-ENROLLED 178,211 IN THE SPICE-ENABLED PROGRAMS | 710 MEDTRONIC PARKWAY | MINNAPOLIS | MN | 55432 | ||||||
| KARNATAKA HEALTH PROMOTION TRUST | ||||||||||||||||
| RAJAJINAGAR INDL AREA BEHIND KSSIDC | ADMIN OFFICE | BANGALORE KARNATAKA | IN | 560044 | 2022-05-01 | $50,000 | THE PROJECT AIMED TO DEVELOP AN INNOVATIVE PUBLIC-PRIVATE PARTNERSHIP (PPP) DRIVEN COMMUNITY HEALTH WORKER (CHW) MODEL TAILORED FOR ENHANCING THE NON-COMMUNICABLE DISEASE (NCD) CARE CONTINUUM IN AN URBAN NEIGHBORHOOD OF MYSURU CITY, SOUTH INDIA. THE OVERALL OBJECTIVES OF THE PROJECT WERE AS FOLLOWS:- TO TEST THE FEASIBILITY OF AN INCENTIVE-BASED COMMUNITY HEALTH WORKER MODEL IN AN URBAN SETTING- TO IMPLEMENT PATIENT-CENTERED CARE FOR IMPROVED NCD OUTCOMES FOR AT LEAST 60% OF THE POPULATION- TO INTEGRATE, EMBED, AND SUSTAIN THE MODEL WITHIN THE EXISTING URBAN HEALTH SYSTEMTHE PROJECT WAS IMPLEMENTED IN THE KUMBARAKOPPALU URBAN PRIMARY HEALTH CENTER (UPHC) AREA, LOCATED WITHIN MYSURU CITY. | $50,000 | NONE KNOWN | MARCH 2024 | 2024-03-01 | THE ACTIVITIES OF THIS PROGRAM LED TO A SHIFT IN THE CLINICAL IMPROVEMENT LEVEL OF INDIVIDUALS WITH DIABETES OR HYPERTENSION. BETWEEN THE TIME OF ENROLMENT AND THE LAST CLINIC VISIT, 58% (N=802) OF HYPERTENSIVE AND 51% (N=1011) OF DIABETES PATIENTS DEMONSTRATED CLINICAL IMPROVEMENTS.KEY ACTIVITIES OF THIS PROGRAM INCLUDE THE FOLLOWING:-1,694 PEOPLE LIVING WITH DIABETES AND HYPERTENSION RECEIVED REGULAR HOME VISITS-ROUTINE TESTING AND COUNSELLING CAMPS WERE CONDUCTED IN PUBLIC PLACES LIKE SCHOOL BUILDINGS, COMMUNITY HALLS AND RELIGIOUS PLACES. OVER ALL 93 CAMPS WERE CONDUCTED AND CUMULATIVELY 2226 PEOPLE UNDERWENT THE TESTS.-COMMUNITY SUPPORT GROUPS (CSGS) WERE ESTABLISHED AS INFORMAL PLATFORMS WHERE PEOPLE WITH DIABETES AND HYPERTENSION AND THEIR CAREGIVERS CAME TOGETHER TO DISCUSS ISSUES RELATED TO HEALTH, NUTRITION AND LIFESTYLE. | ||||
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE OF CONTROLLED ENTITIES | IdentifierTxt |
| Form And Line Reference | FORM 990-PF, PART VII-A, LINE 11 | FormAndLineReferenceDesc |
| Medium Explanation | NAME OF CONTROLLED ENTITY:MEDTRONIC LABS PBCADDRESS:710 MEDTRONIC PKWYMINNEAPOLIS, MN 55432EMPLOYER ID NUMBER:81-2904269EXCESS BUSINESS HOLDING: NO | MediumExplanationTxt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM RELATED INVESTMENTS | Desc |
| BOY Book Value | $13,700,000 | BOYBookValueAmt |
| EOY Book Value | $23,700,000 | EOYBookValueAmt |
| EOYFMV | $23,700,000 | EOYFMVAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS | Desc |
| Amt | $94,490 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $307 | $307 | $0 |
| OTHER PROFESSIONAL FEES | $204,395 | $0 | $0 |
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