BETA

MEDTRONIC GLOBAL HEALTH FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MEDTRONIC GLOBAL HEALTH FOUNDATION (EIN 81-2307516)
Tax period
2023-04-29 to 2024-04-26
Filed
2025-03-14
IRS object ID
202500739349100910
Schema version
2023v6.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-03-14T10:33:24-05:00ReturnTs
Tax Period End2024-04-26TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAKER TILLY ADVISORY GROUP LPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 S 6TH ST 2300AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-04-29TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN812307516EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MEDTRONIC GLOBAL HEALTH FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMEDTBusinessNameControlTxt
Phone7635052643PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1710 MEDTRONIC PKWYAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55432ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVICTORIA DAVISPersonNm
Person TitleASSISTANT TREASURERPersonTitleTxt
Phone7635052643PhoneNum
Signature2025-03-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAWRENCE H MOHR CPAPreparerPersonNm
PTINP00447603PTIN
Phone6128764500PhoneNum
Preparation2025-03-10PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$44,456,098FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$14,000,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$495,304InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$495,304InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$14,495,304TotalRevAndExpnssAmt
Total Net Invst Incm$495,304TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$7,219AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$7,219AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$263,146OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$202OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$204,395OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$7,000TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$277,365TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$202TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$211,614TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$277,365TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$202TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$211,614TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$14,217,939ExcessRevenueOverExpensesAmt
Net Investment Income$495,102NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$534,214CashBOYAmt
Cash EOY$19,995CashEOYAmt
Cash EOYFMV$19,995CashEOYFMVAmt
Sav And Temp Cash Invst BOY$7,945,396SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$10,236,103SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$10,236,103SavAndTempCashInvstEOYFMVAmt
Other Assets BOY$23,700,000OtherAssetsBOYAmt
Other Assets EOY$34,200,000OtherAssetsEOYAmt
Other Assets EOYFMV$34,200,000OtherAssetsEOYFMVAmt
Total Assets BOY$32,179,610TotalAssetsBOYAmt
Total Assets EOY$44,456,098TotalAssetsEOYAmt
Total Assets EOYFMV$44,456,098TotalAssetsEOYFMVAmt
Accounts Payable BOY$2,402,535AccountsPayableBOYAmt
Accounts Payable EOY$461,084AccountsPayableEOYAmt
Total Liabilities BOY$2,402,535TotalLiabilitiesBOYAmt
Total Liabilities EOY$461,084TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$29,177,075NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$43,895,014NoDonorRstrNetAssestsEOYAmt
Donor Rstr Net Assets BOY$600,000DonorRstrNetAssetsBOYAmt
Donor Rstr Net Assets EOY$100,000DonorRstrNetAssetsEOYAmt
Tot Net Ast Or Fund Balances BOY$29,777,075TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$43,995,014TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$32,179,610TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$44,456,098TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$29,777,075TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$14,217,939ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$43,995,014SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$43,995,014TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6,882InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$6,882SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$6,882TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,589EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$8,000ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$10,589TotalPaymentsAndCreditsAmt
Es Penalty$84EsPenaltyAmt
Overpayment$3,623OverpaymentAmt
Applied To ES Tax$3,623AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateMNOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled EntityYes (1)OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressFOUNDATION.MEDTRONIC.COMWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1THE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7635052643PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1710 MEDTRONIC PKWYAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55432ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (1)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (1)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc0TransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsYes (1)MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
RUCHIKA SINGHAL
710 MEDTRONIC PARKWAYMINNEAPOLISMN55432DIRECTOR AND CHAIRMAN OF THE BOARD15.00$0$0$0
VICTORIA DAVIS
710 MEDTRONIC PARKWAYMINNEAPOLISMN55432TREASURER18.00$0$0$0
MARTHA HA
710 MEDTRONIC PARKWAYMINNEAPOLISMN55432SECRETARY0.20$0$0$0
GIORDANA BELENCHIA
710 MEDTRONIC PARKWAYMINNEAPOLISMN55432ASSISTANT SECRETARY2.00$0$0$0
GEOFFREY S MARTHA
710 MEDTRONIC PARKWAYMINNEAPOLISMN55432DIRECTOR0.20$0$0$0
KAREN L PARKHILL
710 MEDTRONIC PARKWAYMINNEAPOLISMN55432DIRECTOR0.20$0$0$0
TOROD NEPTUNE
710 MEDTRONIC PARKWAYMINNEAPOLISMN55432DIRECTOR0.20$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1MEDTRONIC 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$12,500,000Expenses1Amt
Total$12,500,000TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$9,772,798AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$503,956AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$10,276,754TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$10,276,754AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$154,151CashDeemedCharitableAmt
Net Vl Noncharitable Assets$10,122,603NetVlNoncharitableAssetsAmt
Minimum Investment Return$506,130MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$506,130MinimumInvestmentReturnAmt
Tax Based On Investment Income$6,882TaxBasedOnInvestmentIncomeAmt
Total Tax$6,882TotalTaxAmt
Distributable Before Adj$499,248DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$499,248DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$499,248DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$211,614ExpensesAndContributionsAmt
Program Related Invst Total$12,500,000ProgramRelatedInvstTotalAmt
Qualifying Distributions$12,711,614QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$499,248DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr2$6,748,842ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$7,474,559ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$14,223,401TotalExcessDistributionCyovAmt
Qualifying Distributions$12,711,614QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$499,248AppliedToCurrentYearAmt
Remaining Distri From Corpus$12,212,366RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$26,435,767TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$26,435,767ExcessDistriCyovToNextYrAmt
Excess From Year2$6,748,842ExcessFromYear2Amt
Excess From Year1$7,474,559ExcessFromYear1Amt
Excess From Current Year$12,212,366ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonGRANT APPLICATIONS SHOULD BE SUBMITRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1710 MEDTRONIC PKWYAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55432ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7635052643RecipientPhoneNum
Form And Info And MaterialsORGANIZATIONS 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 DeadlinesDEADLINES VARY. MOST PROGRAMS ARE DUE BETWEEN SEPTEMBER 15 - JANUARY 31.SubmissionDeadlinesTxt
Restrictions On AwardsTHE 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 SUPPORTRestrictionsOnAwardsTxt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$0TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$495,304ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$495,304ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$495,304TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1MEDTRONIC PLCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1710 MEDTRONIC PARKWAYAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55432ZIPCd
FieldValueIRS element (for citing)
Total Contributions$14,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$7,219Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$7,219DisbursementsCharitablePrpsAmt

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MEDTRONIC LABS PBCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1710 MEDTRONIC PARKWAYAddressLine1Txt
CityMINNAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55432ZIPCd
FieldValueIRS element (for citing)
Grant2024-04-26GrantDt
Grant$12,500,000GrantAmt
Purpose Of GrantMEDTRONIC 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.PurposeOfGrantTxt
Any Diversion By GranteeNONE KNOWNAnyDiversionByGranteeTxt
Dates Of Reports By GranteeREPORTS RECEIVED REGULARLYDatesOfReportsByGranteeTxt
Results Of VerificationLABS HAS MET WITH MGHF BOARD ON QUARTERLY BASIS TO PROVIDE UPDATES ON IMPLEMENTATION ACTIVITIES AND LIVE IMPACTED METRICS.IN FY2024 LABS DEMONSTRATED SUCCESSFUL IMPLEMENTATION IN MULTIPLE COUNTRIES SIMULTANEOUSLY WITH THE FOLLOWING MILESTONES ACHIEVED:-478 HEALTH FACILITIES ACROSS 7 COUNTRIES-SCREENED APPROXIMATELY 641,000 PEOPLE FOR HYPERTENSION AND/OR DIABETES-ENROLLED APPROXIMATELY 239,000 IN THE SPICE-ENABLED PROGRAMSResultsOfVerificationTxt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierSCHEDULE OF CONTROLLED ENTITIESIdentifierTxt
Form And Line ReferenceFORM 990-PF, PART VII-A, LINE 11FormAndLineReferenceDesc
Medium ExplanationNAME OF CONTROLLED ENTITY:MEDTRONIC LABS PBCADDRESS:710 MEDTRONIC PKWYMINNEAPOLIS, MN 55432EMPLOYER ID NUMBER:81-2904269EXCESS BUSINESS HOLDING: NOMediumExplanationTxt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescPROGRAM RELATED INVESTMENTSDesc
BOY Book Value$23,700,000BOYBookValueAmt
EOY Book Value$34,200,000EOYBookValueAmt
EOYFMV$34,200,000EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT MANAGEMENT FEES$202$202$0
OTHER PROFESSIONAL FEES$262,944$0$204,395

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXCategoryTxt
Amt$7,000Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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