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Filing year 2023

UNIVERSITY OF MINNESOTA FOUNDATION INVESTMENT ADVISORS

Minneapolis, Minnesota·EIN 41-1931343·NTEE B114 · Education·3
Total revenue
$5.9M
Total assets
$3.4M
Total expenses
$5.9M
Reported officers
19
Mission

TO PROVIDE THE HIGHEST LEVEL OF STEWARDSHIP FOR UNIVERSITY DONORS THROUGH PROFESSIONAL MANAGEMENT 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.

Executive compensation, broken down

Form 990 · Schedule J · 9 reported individuals · Filing year 2023

Chief Investment Officer Emeritus
highest compensated employee
$1.2M
$1.3M
Base
$374k
Bonus
$291k
Other
$490k
Benefits
$2k
Chief Investment Officer and President
$971k
$1.1M
Base
$500k
Bonus
$432k
Other
$60
Benefits
Investment Director
highest compensated employee
$648k
$708k
Base
$352k
Bonus
$249k
Other
$60
Benefits
$8k
Investment Director
highest compensated employee
$643k
$703k
Base
$351k
Bonus
$249k
Other
$90
Benefits
$4k
Chief Operating Officer
$332k
$362k
Base
$247k
Bonus
$42k
Other
$60
Benefits
$8k
Controller
highest compensated employee
$284k
$310k
Base
$181k
Bonus
$65k
Other
$258
Benefits
$8k
Director
board member
$187k
$204k
Investment Analyst
highest compensated employee
$183k
$200k
Base
$116k
Bonus
$40k
Other
$48
Benefits
$8k
Secretary/treasurer
$70k
$76k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Education

Down 27%
from 2022

From $1.6M in 2022 to $1.2M in 2023.

$1.6M
2022
$1.2M
2023
In today's dollarsEst.
Down 29% in real terms$1.8M to $1.3M

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

UNIVERSITY OF MINNESOTA FOUNDATION INVESTMENT ADVISORS reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.7M
$5.7M
2022
$5.9M
$5.9M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Minnesota

Comparable education organizations in Minnesota pay their highest-earning executive a median of $90,954.

25th percentile
$36k
Median
$90,954
75th percentile
$152k
90th percentile
$217k

These are education sector-wide figures, not this organization's reported pay. Based on 268 organizations across 268 filings (2022 – 2023).

See full Education pay data for Minnesota
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