Frequently Asked Questions
- When was the Minnesota Medical Foundation founded?
- The oldest of the University's four foundations, the Minnesota Medical Foundation was founded in 1939 by alumni and faculty who realized that state support alone could not build a strong Medical School. Since 1987 the foundation has also raised funds for the University's School of Public Health.
- How much money does the Minnesota Medical Foundation raise annually?
- In the fiscal year ending June 30, 2006, the Minnesota Medical Foundation raised nearly $57 million from more than 18,000 donors.
- What is the size of the Minnesota Medical Foundation's endowment?
- At the close of the fiscal year ending June 30, 2007, the foundation's endowment stood at $262 million. It was invested in large-cap equities (54.6%), bonds (21), small-cap equities (13.8%), international holdings (10%), and alternative investments (0.6%) with overall results in line with relevant indices.
- Who is the foundation's president? Who is on the Board of Trustees?
- Becky Malkerson is the foundation's president and CEO. John M. Murphy Jr. chairs the Minnesota Medical Foundation board of trustees.
- What other foundations exist at the University of Minnesota?
- In September 1995, the University of Minnesota Board of Regents determined that four units could accept gifts made to the University of Minnesota.
- The Arboretum Foundation supports arboretum programs that provide horticultural and environmental information, research, and public education, and development of plants and horticultural practices for cold climates.
- The Minnesota 4-H Foundation promotes philanthropy in support of youth development.
- The Minnesota Medical Foundation accepts and manages gifts made to the University of Minnesota Medical School, School of Public Health, Masonic Cancer Center, and related units in the Academic Health Center.
- The University of Minnesota Foundation accepts gifts for other areas of the University, including scholarships, faculty research, new facilities, and academic programs on all four campuses.
