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Minnesota · Nonprofit

MAYO CLINIC

MAYO CLINIC (Minnesota) receives grants from 1722 organizations whose IRS filings report $1,189,817,667 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($82,617,352). 1052 of them have funded it in more than one year. MAYO CLINIC administers funds for other donors, so those contributions arrive into funds it holds rather than supporting a program it runs itself.

$7.9B
Revenue FY2024
1,722
Funders on record
$1.2B
Grants received
$16.5B
Net assets
1052/1722 repeat funders

Hosts funds for others

MAYO CLINIC administers funds on behalf of other donors. The grants recorded as coming in are contributions into those funds, so they count custody rather than support for a programMAYO CLINIC runs itself. This page therefore states the flows and does not draw the comparisons it would draw for an operating charity: concentration, funder retention, grant dependency and the peer field are all left out, because each of them would read a vehicle as if it were a program.

Paid out

$4.1B

Recipients

576

Contributions on record

$12.4B

Donors on record

1,721

Payments out are 0.33x the contributions on record, so the balance accumulates rather than passing straight through.

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($6.1B) Expenses 100 ($5.8B) Net assets 100 ($2.1B)2018 Revenue 105 ($6.4B) Expenses 97 ($5.6B) Net assets 144 ($3.0B)2019 Revenue 111 ($6.8B) Expenses 98 ($5.7B) Net assets 179 ($3.8B)2020 Revenue 109 ($6.7B) Expenses 95 ($5.5B) Net assets 263 ($5.5B)2021 Revenue 130 ($8.0B) Expenses 99 ($5.8B) Net assets 493 ($10.4B)2022 Revenue 115 ($7.1B) Expenses 97 ($5.7B) Net assets 595 ($12.5B)2023 Revenue 121 ($7.4B) Expenses 106 ($6.2B) Net assets 635 ($13.4B)2024 Revenue 129 ($7.9B) Expenses 108 ($6.3B) Net assets 784 ($16.5B)
'17'18'19'20'21'22'23'24
Revenue (129)Expenses (108)Net assets (784)

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 4% · 2018 4% · 2019 4% · 2020 6% · 2021 4% · 2022 5% · 2023 5% · 2024 5%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.

$313M
17
$796M
18
$1.1B
19
$1.2B
20
$2.2B
21
$1.4B
22
$1.2B
23
$1.6B
24
2.8
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 361 funders to 715 funders, grant income rose $55M → $172M.

166 of 1722 of your funders are donor-advised or pass-through sponsors (tagged DAF)30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $11.2B from one payer (the payer shares this organization's board, largest Mayo Clinic Group Return); $28k from one payer (the same organization on both sides, largest Mayo Clinic); $5k from one payer (an institutional transfer, not a grant programme, largest Nbi Inc). These are real filings, and they are not money MAYO CLINIC raised.

From the IRS filings of MAYO CLINIC’s funders (the co-funder graph). Top 30 of 1722 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

MAYO CLINIC draws 87% of its grant income from funders outside Minnesota, across 50 states in all.

AK
ME
VT
NH
WA
ID
MT
ND
MN
IL
WI
MI
NY
MA
OR
NV
WY
SD
IA
IN
OH
PA
NJ
CT
RI
CA
UT
CO
NE
MO
KY
VA
MD
DE
AZ
NM
KS
AR
TN
NC
SC
DC
HI
OK
LA
MS
AL
GA
TX
FL

In-state vs out-of-state, by year

17
18
19
20
21
22
23
Minnesota out of state home

Funder states come from each funder’s own filing. $355M arriving through sponsors registered in 37 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 1722 funders put you well-backed among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Government funding MAYO CLINIC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $3.0B on record.

Federal$3.0B
grants $2.7Bcontracts $323.9M
17
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of Health and Human Services$2.6B
  • Department of Justice$183.4M
  • Department of Defense$138.0M
  • National Science Foundation$6.6M
  • Department of Veterans Affairs$2.9M
  • Department of Education$1.8M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

94% of spending goes to programs.

Program 94%Management 5%Fundraising 1%

Governance

32
board members
56%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Public support

94%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 31 states

AK
NH
MN
IL
WI
MI
NY
MA
OR
PA
NJ
CT
RI
CA
KY
WV
VA
MD
AZ
NM
KS
AR
TN
NC
SC
HI
OK
MS
AL
GA
FL

Part of a family of 62 related entities

  • John E Herman Home and Treatment Facility LLC · disregarded
  • Mayo Clinic Community Aco LLC · disregarded
  • Mc International LLC · disregarded
  • Mc Property Holdings LLC · disregarded
  • Franklin Heating Station LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for MAYO CLINIC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MAYO CLINIC?
MAYO CLINIC (Minnesota) receives grants from 1722 organizations whose IRS filings report $1,189,817,667 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($82,617,352). 1052 of them have funded it in more than one year. MAYO CLINIC administers funds for other donors, so those contributions arrive into funds it holds rather than supporting a program it runs itself.
How many funders does MAYO CLINIC have?
IRS filings report 1722 organizations giving $1,189,817,667 in grants to MAYO CLINIC, 1052 of which have funded it in more than one year.
Who is the largest funder of MAYO CLINIC?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $82,617,352 in grants. The full list of funders is on this page.
How can an organization like MAYO CLINIC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1722funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported September 23, 2026. What this page cannot tell you · view filing