Minnesota · Nonprofit
MINNEAPOLIS HEART INSTITUTE FOUNDATION
MINNEAPOLIS HEART INSTITUTE FOUNDATION (Minnesota) receives grants from 83 organizations whose IRS filings report $16,473,527 to it, the largest being THE JAMES M STANTON FOUNDATION ($4,862,000). 49 of them have funded it in more than one year.
- Revenue FY2024
- $24M
- Funders on record
- 83
- Grants received
- $16M
- Net assets
- $64M
What Minneapolis Heart Institute Foundation does
Mission
The mission of the Minneapolis Heart Institute Foundation is to improve the cardiovascular health of individuals and communities through innovative research and education.
As stated on its FY2024 Form 990.
Programs
2024 mhif research accomplishmentsi.mhif reached an important research milestone with u.s. Fda approval of the triclip (abbott), a non-surgical, transcatheter edge-to-edge repair system. Mhif was the top enroller - enrolling the first and largest number of patients of all 68 clinical sites participating in the triluminate pivotal trial in the u.s., canada and europe, led by paul sorajja, md, the roger l. And lynn c. Headrick family chair of the mhif valve science center and global principal investigator for the pivotal trial. The mhif imaging core lab, led by joao cavalcante, md, director of the mhif cardiovascular imaging research center, provided advanced cardiac imaging analysis for the pivotal trial. Ii.mhif initiated first enrollments in the precise procedural and pci plan (p4) research trial evaluating the potential for advanced cardiovascular imaging to enhance patient care. Patients receive ct imaging with state-of-the-art 3d modeling provided by the trial as part of pre-procedure planning to guide the pci used to open a blockage in the heart. The p4 research trial is a global, multicenter, randomized trial sponsored by coreaalst bv to compare novel coronary ct-guided pci…
$12,388,264 spentof which $1,294,745 as grants$6,398,984 earned by the program95% of program spending2024 mhif education highlightsequal to our commitment to research is our dedication to sharing the learnings from research through education, allowing for local, national and international impact as we challenge and advance the standard of care for all patients. Mhif proudly shared the details of our research through 600+ publications, presentations and abstracts at national and international conferences. We published 270 manuscripts in peer-reviewed journals, sharing learnings from world-class cardiovascular research. We also offered various public and professional events (many of which were still virtual) to increase awareness, understanding and management of various heart conditions. Many of our events attracted participants from around the world.our cardiovascular grand rounds program ensures attendees are well-versed in the latest research outcomes and evidence-based guidelines. Through 32 sessions featuring 46 speakers, mhif provided professional education to more than 3,200 health care professionals. These accredited education activities provide physicians and other health care providers the opportunity to review and discuss the latest developments in cardiovascular care…
$695,142 spent$189,304 earned by the program5% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $13,083,406.
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. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $57M to $71M (+24%).
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.
Government-grant reliance: 2017 6% · 2018 6% · 2019 3% · 2020 1% · 2021 14%. Grants only. Government contracts and fees sit inside program revenue.
69% of MINNEAPOLIS HEART INSTITUTE FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (7% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Kristine Fortman
Chief executive officer
Board chair
Thomas Gunderson
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 12 funders to 32 funders, grant income rose $561k → $1.8M.
19 of 83 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 20% 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: $17M from 10 payers (the payer shares this organization's board, largest Allina Health System). These are real filings, and they are not money MINNEAPOLIS HEART INSTITUTE FOUNDATION raised.
From the IRS filings of MINNEAPOLIS HEART INSTITUTE FOUNDATION’s funders (the co-funder graph). Top 30 of 83 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.
How concentrated its funding is
MINNEAPOLIS HEART INSTITUTE FOUNDATION leans on a few funders — its largest provides 30% of grant income and the top three 61%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2017 38% · 2018 36% · 2019 37% · 2020 46% · 2021 47% · 2022 40% · 2023 52% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. 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.
How long its funders stay
42% of MINNEAPOLIS HEART INSTITUTE FOUNDATION's funders are still giving 3 years after their first grant; 59% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
85% of MINNEAPOLIS HEART INSTITUTE FOUNDATION's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $3.3M arriving through sponsors registered in 13 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.
Against its field
MINNEAPOLIS HEART INSTITUTE FOUNDATION runs a healthier operating margin than three-quarters of the 4,580 health nonprofits its size.
this organization peer median middle 50% of peers· 4,580 health nonprofits $10M–$100M, FY2024
Government funding MINNEAPOLIS HEART INSTITUTE FOUNDATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $111k on record.
- Department of Veterans Affairs$111k
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.
Organizations like MINNEAPOLIS HEART INSTITUTE FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
67% of spending goes to programs.
Governance
Public support
69%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 29 states
Screen this organization
A dated, signed PDF of the compliance screen for MINNEAPOLIS HEART INSTITUTE FOUNDATION: 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.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MINNEAPOLIS HEART INSTITUTE FOUNDATION?
- MINNEAPOLIS HEART INSTITUTE FOUNDATION (Minnesota) receives grants from 83 organizations whose IRS filings report $16,473,527 to it, the largest being THE JAMES M STANTON FOUNDATION ($4,862,000). 49 of them have funded it in more than one year.
- How many funders does MINNEAPOLIS HEART INSTITUTE FOUNDATION have?
- IRS filings report 83 organizations giving $16,473,527 in grants to MINNEAPOLIS HEART INSTITUTE FOUNDATION, 49 of which have funded it in more than one year.
- Who is the largest funder of MINNEAPOLIS HEART INSTITUTE FOUNDATION?
- THE JAMES M STANTON FOUNDATION is the largest funder on record, with $4,862,000 in grants. The full list of funders is on this page.
- How can an organization like MINNEAPOLIS HEART INSTITUTE FOUNDATION 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 83 funders 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 October 22, 2026. What this page cannot tell you · view filing