Organizations Filed Purposes:
TO PROVIDE THE HIGHEST LEVEL OF STEWARDSHIP FOR UNIVERSITY DONORS THROUGH PROFESSIONAL MGMT AND OVERSIGHT OF THE UNIVERSITY OF MINNESOTA FOUNDATION'S ASSETS BY CREATING A FOCUSED INVESTMENT ENVIRONMENT WITH CLARITY OF PURPOSE, APPROPRIATE FLEXIBILITY AND FREEDOM TO FOCUS ON INVESTMENT-RELATED ISSUES.
THE CORPORATION OVERSEES THE MANAGEMENT OF THE UNIVERSITY OF MINNESOTA FOUNDATION'S FINANCIAL ASSETS. THE UNIVERSITY OF MINNESOTAFOUNDATION (FOUNDATION) DETERMINED THAT THE GROWTH OF ITS ASSETS AND DIVERSIFICATION OF ITS PORTFOLIO NECESSITATE A MORE EFFECTIVEMETHOD OF MANAGEMENT. THEREFORE THE FOUNDATION CREATED THE CORPORATION IN 1998 TO BE SOLELY RESPONSIBLE FOR THE DAY-TO-DAYOVERSIGHT OF THE MANAGEMENT OF THE FOUNDATION'S ASSETS. THE CORPORATION'S STREAMLINED STRUCTURE ENABLES IT TO RETAIN A HIGH CALIBERCHIEF INVESTMENT OFFICER. IT ALSO ENABLES THE CORPORATION TO ATTRACT COMMUNITY BOARD MEMBERS WITH FINANCIAL EXPERTISE, TO MOREEFFECTIVELY UTILIZE THE FINANCIAL AND INVESTMENT EXPERTISE OF ITS BOARD MEMBERS, MORE RAPIDLY RESPOND TO CHANGING MARKET CONDITIONSAND PROVIDE MORE EFFECTIVE OVERSIGHT OF THE ACTIVITIES OF ITS OUTSIDE INVESTMENT MANAGERS. THE CORPORATION ALSO PROVIDES SERVICES TO ONE OTHER CHARITABLE ORGANIZATION.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Douglas J Gorence | PRESIDENT/CHIEF INVESTMENT OFFICER | 40 | $1,253,004 |
| Andrew J Behrens | DEPUTY CHIEF INVESTMENT OFFICER | 40 | $486,284 |
| Daniel J Arlandson | INVESTMENT DIRECTOR | 40 | $374,445 |
| Jeffrey M Rodgers | INVESTMENT DIRECTOR | 40 | $369,340 |
| David T Walkosz | CONTROLLER | 40 | $206,863 |
| Kathleen L Pickard | SECRETARY/TREASURER | 0.4 | $0 |
| Benjamin S Oehler | DIRECTOR (ENDED NOV 2019) | 0 | $0 |
| Theresa Ward | DIRECTOR (JOINED NOV 2019) | 0.4 | $0 |
| Ross Levin | DIRECTOR | 0.4 | $0 |
| Peter M Grant | DIRECTOR | 0.4 | $0 |
| Marcia L Page | DIRECTOR | 0.4 | $0 |
| Kathleen M Schmidlkofer | DIRECTOR | 0.4 | $0 |
| Jeffery V Bailey | DIRECTOR | 0.4 | $0 |
| Erwin A Kelen | DIRECTOR | 0.4 | $0 |
| Douglas A Neimann | DIRECTOR | 0.4 | $0 |
| B Kristine Johnson | CHAIR/DIRECTOR | 0.4 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202100889349300200_public.xml