2013-02-13T09:55:04-07:00 2012-06-30 990 2011-07-01 416027707 MINNESOTA MEDICAL FOUNDATION MINN 6126251440 200 Oak Street SE Suite 300 Minneapolis MN 55455 Becky Malkerson 6126251440 2013-02-14 2011 2016-02-25 16:41:14Z Becky Malkerson 200 Oak Street SE Suite 300 Minneapolis MN 55455 181625686 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. 49 49 125 150 -64216 0 67178506 57474347 1064003 1360499 13995557 7416217 5226836 12986369 87464902 79237432 54833290 60890567 0 0 8565122 8809022 83039 73568 7351459 4205876 3752306 67687327 73525463 19777575 5711969 457078261 451348361 14473005 13671049 442605256 437677312 The Minnesota Medical Foundation helps people live healthier lives by advancing health-related education, research, and care at the University of Minnesota. 0 0 60617622 60369834 1304759 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 $50 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 $50 million, close to $4 million contributed to 110 chair and professorship funds 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 $994,650 in seed money to 46 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 704 scholarships that totaled more than $2.2 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 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 $6.7 million for the construction of the University of Minnesota Amplatz Children's Hospital, which opened its doors on April 30, 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. 582614 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. 1057037 520733 55740 Alumni and Donor Relations: The Minnesota Medical Foundation hosts medical alumni reunions and other alumni events, as well as programs that connect current medical students with alumni and mentors. The organization 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 62257273 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 1 281 0 1 125 1 0 0 0 0 0 1 1 1 1 0 0 0 X 49 49 1 0 0 0 0 0 0 1 1 0 0 0 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 8 X X 0 0 0 Hawn Elizabeth 5 X X 0 0 0 Plimpton Susan B 3 X X 0 0 0 Andreini-Arnold Patti 1 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 0.5 X 0 0 0 Augustine Scott 1 X 0 0 0 Cannom David 1 X 0 0 0 Carlson Richard 5 X 0 0 0 Cartier Thomas 1 X 0 0 0 Daniels Bobbi 1 X 0 0 0 Davis Gary L 1 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 1 X 0 0 0 Forster Barbara L 1 X 0 0 0 Friedman Aaron 5.00 X 0 0 0 Gaviser Judy 5 X 0 0 0 Goldberg Stanley M 1.5 X 0 0 0 Grant Peter M 1 X 0 0 0 Grossman Beverly 1 X 0 0 0 Gunderson Susan 1 X 0 0 0 Hallberg John 0 X 0 0 0 Kaplan Sidney 1 X 0 0 0 Holm Chris 2 X 0 0 0 Kuntz Richard E 1 X 0 0 0 Huffer Russ 3 X 0 0 0 Lindahl John 1 X 0 0 0 Kaler Eric 5.5 X 0 0 0 Lindstrom Richard 1 X 0 0 0 Miller Wesley 1 X 0 0 0 Neetenbeek Eric 1 X 0 0 0 Ordway Philip W 1 X 0 0 0 Ostlund Richard 1 X 0 0 0 Paparella Treva 1 X 0 0 0 Stephenson James P 1.5 X 0 0 0 Stern Mary K 1 X 0 0 0 Stillman Martin J 1 X 0 0 0 Thompson Roby 1 X 0 0 0 Puram Prakash 2 X 0 0 0 Vickers Selwyn 1 X 0 0 0 Wallin Brad 1 X 0 0 0 Warren Kevin 1 X 0 0 0 Wenger Brian 2 X 0 0 0 Wilson Dodd 1 X 0 0 0 Wiser Charles F Jr 1 X 0 0 0 Malkerson Becky 50 X 396106 0 39480 Kaiser Cynthia 40 X 218385 0 33011 Porter Patricia 40 X 214262 0 31944 Soderholm Jennifer 40 X 180241 0 40388 Thurman Erik 40 X 175514 0 40350 Youngerman Sarah 40 X 148037 0 37430 McCarthy Mary 30 X 127609 0 25161 Zaugg Charlie 40 X 118686 0 37056 1578840 0 284820 10 0 1 1 University Gateway Corp C/O Noth Marq CM-9778 PO Box 70870 Minneapolis MN 551709778 Building leasing and management 766608 D'Amico Catering 200 Oak Street SE Minneapolis MN 55455 Food Service and Catering 190151 American Express PO Box 410406 Salt Lake City UT 84141 Credit Card 167368 Olson 1625 Hennepin Ave Minneapolis MN 55403 Advertising and Communication 157289 Renaissance Minneapolis Depot CSM Hospitality 225 3rd Ave South Minneapolis MN 55401 Event space and hospitality 147234 11 0 0 1901896 0 0 55572451 7049429 57474347 Student Loan Interest 525990 60121 60121 0 0 Registration and Program Fees 611710 1300378 1300378 0 0 0 0 0 0 1360499 3896838 0 -64216 3961054 0 0 0 0 685483 0 0 685483 0 0 105227373 0 101707994 0 3519379 0 3519379 0 0 3519379 692897 1901896 680260 12637 0 12637 Transfers in from Other Organizations 900099 4972793 4972793 0 0 Judgment Revenue 900099 7315456 0 0 7315456 0 0 0 0 12288249 79237432 6333292 -64216 15494009 60563808 60563808 326759 326759 0 0 0 0 1028742 0 517269 511473 0 0 0 0 5624088 489250 1650521 3484317 596481 60240 154955 381286 1044219 74457 344197 625565 515492 44844 151283 319365 0 0 0 0 35113 0 14690 20423 41745 0 41745 0 0 0 0 0 73568 73568 247786 247786 0 0 467944 96913 108653 262378 0 0 0 0 972121 187992 293235 490894 177589 0 158732 18857 0 0 0 0 510470 54050 153142 303278 335484 9741 54849 270894 0 0 0 0 114995 6388 41669 66938 0 0 0 0 0 0 0 0 271799 28779 81540 161480 22533 0 22533 0 Alumni and Schoalrship Programs 274058 42616 6533 224909 Dues and Subscriptions 54176 1330 18810 34036 Donor and Volunteer Recognition 89961 21610 16254 52097 Miscellaneous 136532 710 86121 49701 73525463 62257273 3916731 7351459 243153 16919 18640674 25263227 102836881 101131993 136308 39680 0 0 0 0 1241582 777408 0 0 85017 87652 2453625 1753836 763126 699789 292047443 268681353 0 0 0 0 0 0 41084077 54650340 457078261 451348361 2229179 2166606 87333 455355 243750 262500 0 0 0 0 0 0 0 0 0 0 11912743 10786588 14473005 13671049 X 12928028 18765767 226005933 213508445 203671295 205403100 442605256 437677312 457078261 451348361 X 5711969 -10639913 X 0 1 1 X 0 X 102156864 79171407 47153770 66878506 55572451 350932998 0 0 0 0 0 0 0 0 0 0 0 0 102156864 79171407 47153770 66878506 55572451 350932998 72039619 278893379 6295662 5988864 4604052 3741442 4582321 25212341 0 0 12637 12637 0 0 0 376157976 0 0.74143 0.75582 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 15694 0 337406 0 1 1 230111696 21122113 -10402850 1117648 16123966 4135592 219453753 182213542 27259704 37332996 983133 11827918 3883495 230111696 168365409 22440071 18037104 923213 22105747 3600082 182213542 239898465 11907149 -57434156 7794600 14607490 3603959 168365409 0.247 0.753 0 1 0 0 0 0 0 0 0 0 0 731389 437860 293529 0 1113338 830270 283068 0 608898 485706 123192 699789 Noncash Contributions 11360 Investments in Split Interest Agreements 9670085 Interest in Charitable Trusts 34675062 Interest in Charitable Lead Trust 2392625 Interest in Commerical Annuity Contract 585752 Judgment Receivable 7315456 54650340 0 Split Interest Agreement Liabilities 6012954 Investments held for the Custody of Others 1263138 Investment Loan Payable 3510496 10786588 79237432 73525463 5711969 -19041992 0 0 0 8402079 -10639913 -4927944 69132193 -19041992 102200 0 8402079 -10537713 79669906 247786 -680260 -432474 79237432 74060137 102200 0 0 680260 782460 73277677 247786 0 247786 73525463 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 support for the stated charitable purposes, and 2) to protect the purchasing power of the investment over time. For funds invested in the endomwent, 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 Agreements (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 is it subject to tax on unrelated business income, excise or other taxes. The filings for the years ended 2009 to 2011 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 events, 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 Street St Cloud MN 56301 Phone Campaign 0 130686 73568 57118 130686 73568 57118 AL AZ CT GA KS KY MI MN MO MS NC ND NM OK RI SC WA WI WV Children's Health Winefest 792471 494130 298341 0 0 2453 21454 35656 108975 Red Hot Soiree 608480 473504 134976 0 0 0 0 0 106000 10 1193842 934262 259580 0 0 13465 132719 3280 256258 2594793 1901896 692897 0 0 15918 154173 38936 471233 680260 12637 1 University of Minnesota Academic Health Center MMC 293 6th Floor Mayo Building Minneapolis MN 55455 416007513 Govt Entity 53905244 0 NA NA Medical research, education, and scholarships Fairview Health Services 2450 Riverside Ave Minneapolis MN 55454 410991680 501(c)(3) 6658564 120733 NA Toys, books, games, clothes, electronics for children Building and equipment 2 0 Honor and Award Grants to 164 individual faculty and students of the University of Minnesota Academic Health Center to support their research and educational goals. 164 326759 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 the appropriate systems and an authorization process. The process includes grants application review and reporting procedures as well as periodic internal audit procedures. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Malkerson Becky 335515 0 49153 0 11438 0 31850 0 10033 0 437989 0 0 0 Kaiser Cynthia 188046 0 28518 0 1821 0 24841 0 10109 0 253335 0 0 0 Porter Patricia 184537 0 27913 0 1812 0 24314 0 9560 0 248136 0 0 0 Soderholm Jennifer 147380 0 30891 0 1970 0 19787 0 22471 0 222499 0 0 0 Thurman Erik 142850 0 30891 0 1773 0 19261 0 22950 0 217725 0 0 0 Youngerman Sarah 126754 0 19621 0 1662 0 17090 0 22323 0 187450 0 0 0 Zaugg Charlie 116393 0 0 0 2292 0 15839 0 23024 0 157548 0 0 0 McCarthy Mary 125501 0 0 0 2108 0 16883 0 10106 0 154598 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Dues paid to social clubs are a standard and useful practice for key employees and executives in similar industries. As a fundraising organization, relationship building is an essential function of the business and critical to the success of the mission. Meetings with key donors and faculty at such clubs offer an environment that supports the objectives of the organization. X 135027 Fair Market Value X 41 6797898 Average value on date of gift X 1 14304 Present value of Invesment 2 0 1 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 9 members of the organization's Board of Trustees are employeed by the University of Minnesota whose president during the reporting period, Eric Kaler, is also a trustee of the organization. The other 8 individuals are Bobbi Daniels, M.D., Gary Davis, Ph.D., Timothy Ebner, M.D., John Finnegan, Ph.D., Aaron Friedman, M.D., Wesley Miller, M.D., Roby Thompson, M.D., and Selwyn Vickers, M.D. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The 990 undergoes a review by the Associate VP of Finance, the CFO, and by outside counsel. Once reviewed, the 990 is provided to the Finance and Audit committee for review and approval and is then sent to the full board. The Board did review the 990 with the exception of those questions and numbers that relate to the 990-T. 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 has 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 interest of the organization. The decisions 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 On an annual basis, 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 Associate 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 $8,402,079; Unrealized Investment Loss ($19,041,992) 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 Charitable Remainder Trusts (6) 200 Oak Street SE Suite 300 Minneapolis MN 55455 Charitable Remainder Trust MN N/A T Charitable Lead Trust (1) CO Securian Trust Company 400 Robert Street North St Paul MN 55101 Lead Trust MN N/A T 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0