UNIVERSITY OF MINNESOTA FOUNDATION

UNIVERSITY OF MINNESOTA FOUNDATION

MINNEAPOLIS, MN, US
501(c)(3)
EIN
41-6042488
DAF Sponsor
Regional Funder

UNIVERSITY OF MINNESOTA FOUNDATION

MINNEAPOLIS, MN, US
501(c)(3)
EIN
41-6042488
DAF Sponsor
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$524,006,934

Contributions
48%
Other
35%
Investments
16%
Fundraising Events
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$353,145,790

Grants
80%
Salaries & Benefits
11%
Other
4%
Fees to Service Providers
3%
Offices, Occupancy & IT
1%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$263,179,255
$253,003,875
-4%
Government Grants
$0
$0
-
Fundraising Events
$800,255
$1,047,488
+31%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$48,944,590
$86,124,116
+76%
Other
$115,180,108
$183,831,455
+60%
Total Revenues
$428,104,208
$524,006,934
+22%
Expenses
2023
2024
Change
Grants
$262,653,447
$283,517,310
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$35,849,753
$39,445,357
+10%
Fees to Service Providers
$11,636,935
$12,014,509
+3%
Advertising & Promotion
$199,543
$213,639
+7%
Offices, Occupancy & IT
$3,755,729
$3,761,106
+0%
Interest
$0
$0
-
Depreciation
$249,786
$247,792
-1%
Other
$15,318,089
$13,946,077
-9%
Total Expenses
$329,663,282
$353,145,790
+7%
Net income
2023
2024
Change
Net income
+$98,440,926
+$170,861,144
+74%
Functional Expenses
Summary
2023
2024
Change
Program
$262,653,447
$283,517,310
+8%
Admin
$27,632,911
$26,847,710
-3%
Fundraising
$39,376,924
$42,780,770
+9%
Total Expenses
$329,663,282
$353,145,790
+7%
Income Statement
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