The University of Minnesota's total endowment assets include the market value of the endowment assets of the University of Minnesota, the University of Minnesota Foundation, and the Minnesota Medical Foundation.
The University of Minnesota Foundation is an independent, nonprofit organization that raises and manages gifts from the University's alumni and friends. It serves as the central development office for the University and tracks and reports gifts to all campuses, colleges, and departments.
The Minnesota Medical Foundation is an independent, nonprofit organization dedicated to supporting the advancement of health-related education and research at the University of Minnesota. Its primary function is to attract private philanthropic support for the University of Minnesota's Medical School, School of Public Health, Cancer Center, and related units in the Academic Health Center.
The first table below shows total endowment assets for the top 10 U.S. public and private research universities for FY 2003 as reported by the University of Florida.
The second table shows the change in the University's endowment assets relative to its peer groups from 1999-2003.
NOTE: It has been discovered that the reporting of endowment assets in the University of Florida's annual study was incorrect because the Minnesota Medical Foundation's FY 2003 endowment assets of $177 million were not included. This omission affected not only the University of Minnesota's endowment assets ranking but also its overall ranking among the top American public and private universities. Efforts are underway to correct these reporting errors in future University of Florida reports.
Endowment assets for top 10 U.S. public and private research universities and University of Minnesota, 2003.
Average endowment assets for top 10 U.S. public and private research universities and University of Minnesota, 1999-2003.
The following tables show annual giving totals for the top 10 U.S. public and private research universities for FY 2003 and the change in annual gifts to the University relative to its peers over the past four years.
The slight reduction in the University's rank from 2002 to 2003 is not unexpected and is a direct result of the end of a highly successful capital campaign. The University completed its $1.66 billion Campaign Minnesota drive in June 2003 - one of the most successful campaigns ever in American higher education.
Annual giving for top 10 U.S. public and private research universities and University of Minnesota, FY 2003.
Average annual giving for top 10 U.S. public and private research universities and University of Minnesota, 1999-2003.
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