NonprofitsMayo Clinic

Health Care

Mayo Clinic

ROCHESTER, MN

Total revenue

$7.9B

Total expenses

$6.3B

Net assets

$16.5B

Grants received

$6.9B

1,163 grants

EIN

416011702

Tax year

2024

Mission

Patient care, research and education

Programs

2 programs

Medical research (see schedule o for description)medical research:mayo clinic is one of the premier medical research organizations in the world. Innovation and improvement of science and the delivery of health care are enhanced through mayo clinic's research programs. Clinical practice observations become the basis for research studies and the findings from research flow back into the practice to improve patient care and outcomes. Physician/researchers and career scientists' work in tandem to advance medicine and to improve the health and well-being of not just mayo clinic patients, but also the public at large, as these findings are disseminated worldwide.research at mayo clinic involves medical professionals committed to searching for answers to complex medical problems with the goal of bringing new solutions and advanced care rapidly to patients throughout the world. Research activities include basic science research, clinical trials, translational research and human research studies. During 2024, mayo clinic, in conjunction with its affiliates, had over 5,000 research personnel, 27 core laboratories, more than 9,300 active institutional review board-approved human research studies, 1,200 new human research studies approved by the institutional review board and over 11,200 research and review articles published in peer-reviewed journals. Many of these personnel, laboratories, studies and articles are located or performed by mayo clinic in rochester, minnesota.funding of research activities at mayo clinic comes from grants and contracts as well as from mayo funds and gifts from generous benefactors.

Expenses: $947.6MGrants: $36.6M

Medical education (see schedule o for description)medical education:medical education, research training, continuous medical life-long learning and a committed quest for new knowledge are integral functions of mayo clinic. Our world-renowned educational programs inform, instruct, and empower physicians, researchers, medical professionals, patients, students and our communities to improve public health and well-being. These programs span the continuum of health care and ensure the mayo model of care is perpetuated and shared broadly. Mayo clinic is committed to providing useful, timely knowledge and skills that reflect its standards of excellence and its dedication to finding answers for unmet patient needs: educating the next generation of physicians, medical researchers and health professionals with transformative curricula that focuses not only on helping the patient, but also improving the health care system;sharing knowledge and innovative best practices freely in the spirit of collaboration to advance the science of medicine and the art of compassionate, patient-centered care;empowering people to manage their health through patient education and shared decision-making medical training;spreading mayo's medical expertise, education and research findings throughout the world to improve health care for all.working collaboratively at a national level to modernize and transform medical education to address areas such as improving health care delivery, physician burn-out, population health issues, and team-based care. The educational activities of mayo clinic are centered in mayo clinic college of medicine and science's five schools: 1. Mayo clinic school of graduate medical education is one of the nation's oldest and largest schools of graduate medical education with annual enrollment of approximately 1,800 resident and fellow physicians in training. The school trains doctors in over 300 residency and fellowship programs, representing virtually every medical specialty. In addition, many graduates complete mayo clinic quality academy training - a concerted effort to educate and prepare trainees to continuously explore ways to improve patient safety, quality care and eliminate health disparities. 2. Mayo clinic alix school of medicine provides a four-year medical education program leading to doctor of medicine degrees and joint md/ph.d. Degrees. The acceptance rate for incoming students is approximately 4%. For 2024, the school received 5,591 applications and of those, 223 students were offered acceptance to one of the programs. Full-time enrollment is approximately 440 students on the rochester, minnesota; scottsdale, arizona; and jacksonville, florida campuses.the innovative and transformative curricula of mayo clinic alix school of medicine focuses on educating future physician leaders in patient-centered, science-driven, team-based, high value health care. Students across all campuses are some of the first nationwide to train and receive a science of health care delivery certificate in addition to a medical degree. The integrated curricula is part of an initiative to better prepare students for the challenges of delivering patient care in a complex health care environment. Additional offerings at the school include visiting medical student clerkship programs and summer minority medical student programs. The school cultivates students to continually pursue new knowledge through discovery, translation and clinical application to meet the needs of their patients.the mayo clinic alix school of medicine has been rated as a tier 1 top national medical school in the category of research for the 2024-2025 period by u.s. News & world report. 3. Mayo clinic graduate school of biomedical sciences has a distinguished history of preparing students for careers as competitive biomedical research investigators. The school offers master's and doctoral degree programs focusing several biomedical specialties, as well as one of the first interdisciplinary programs in regenerative medical research. The school is a pioneer in expanding research training opportunities for students from backgrounds underrepresented in research, including visiting pre-doctoral and summer undergraduate research programs where students have the opportunity to collaborate with world-renowned researchers at mayo clinic campuses in arizona, florida and minnesota. The mayo clinic graduate school of biomedical sciences has an annual enrollment of approximately 250 students.4. Mayo clinic school of health sciences prepares the allied health care workforce of the future in programs ranging from a 10-month phlebotomy certificate program to a doctorate in physical therapy or nurse anesthesia. The mayo clinic school of health sciences has an annual enrollment of approximately 1,600 students. With campuses in minnesota, florida and arizona, the school prepares students in over 150 programs representing 50 health science areas. The school also provides clinical internships for hundreds of affiliated schools. Approximately 480 faculty members ensure every student receives extensive personalized training. 5. Mayo clinic school of continuous professional development provides a comprehensive selection of over 200 clinical, surgical, allied health and research courses, as well as programs on health care issues, practice management and leadership to health care professionals throughout the world. Participants include mayo and non-mayo attendees. Mayo clinic college of medicine and science also has initiated mayo clinic education platforms to develop and deliver online educational opportunities for broad distribution of continuing medical education, faculty development, student education and future patient education. Video seminars and online learning modules provide consistent knowledge delivery across multi-specialties and allow for more interactive faculty/student participation in the classroom setting. Online learning also facilitates the ability for mayo clinic to share and expand the latest medical knowledge and innovative learning opportunities with others outside mayo clinic.another initiative implemented through mayo clinic college of medicine and science is the office of applied scholarship and education science (oases). This innovative office provides expertise and support in faculty development, education evaluation and principles and practices of education science to ensure the highest quality of education delivery within each of the schools within the college. The college has also implemented an academy of educational excellence to develop and recognize educators to better prepare learners to advance science, meet patients' needs and serve as transformative leaders in health care.as part of its medical education mission, mayo clinic sponsors mayo clinic proceedings, a monthly journal for physicians and other medical personnel. The journal is published to promote the best interests of patients by advancing the knowledge and professionalism of the physician community. Mayo clinic proceedings is a peer-reviewed clinical journal in general and internal medicine and among the most widely read and highly cited scientific publications for physicians. Mayo clinic proceedings has been continuously published since 1926 and has an impact factor of 7.2, ranking it #23 out of 329 journals in the medicine, general and internal category. Mayo clinic proceedings' content focuses on clinical and laboratory medicine, health care policy and economics, medical education and ethics, and related topics. All of these educational efforts to discover, deliver, expand and share medical knowledge promote mayo's clinic's ability to perpetuate the highest quality and safety in patient care.

Expenses: $361.0MGrants: $32.8M

Financials

FY 2024

Revenue

Contributions & grants$2.9B
Program service revenue$3.8B
Investment income$1.2B
Other revenue$115.4M
Total revenue$7.9B

Expenses

Grants paid$607.4M
Salaries & benefits$3.8B
Fundraising$57.2M
Other expenses$1.9B
Total expenses$6.3B
Total assets$26.7B
Net assets$16.5B

People

50 listed

NameRoleCompensation

RIHAL MD CHARANJIT S

TRUSTEE

Board

$1.0M

40 hrs/wk

CALLSTROM MD MATTHEW R

TRUSTEE

Board

$972K

40 hrs/wk

CAINE NATALIE A

TRUSTEE

Board

$811K

40 hrs/wk

COMFERE MD NNEKA I

TRUSTEE

Board

$627K

40 hrs/wk

FAMUYIDE MBBS ABIMBOLA O

TRUSTEE

Board

$593K

40 hrs/wk

SCHMIDT ERIC E

TRUSTEE

Board

5 hrs/wk

FARRUGIA MD GIANRICO

TRUSTEE/PRESIDENT/CEO

Board

1 hrs/wk

SWEENEY ANNE M

TRUSTEE

Board

5 hrs/wk

THIELEN MD KENT R

TRUSTEE/VP

Board

1 hrs/wk

GRAY MD RICHARD J

TRUSTEE/VP

Board

1 hrs/wk

WILLIAMS MD AMY W

TRUSTEE

Board

1 hrs/wk

ZORN CHRISTINA K

TRUSTEE/VP

Board

1 hrs/wk

DAHLEN DENNIS E

CFO

Board

1 hrs/wk

MURPHY JOSHUA B

SECY

Board

1 hrs/wk

GORMAN PAUL A

TREASURER

Board

1 hrs/wk

GORES MD GREGORY J

FORMER KEY EMPLOYEE

Staff

$1.6M

40 hrs/wk

KRAUSS MD WILLIAM E

PHYSICIAN

Staff

$1.6M

40 hrs/wk

LANZINO MD GIUSEPPE

PHYSICIAN

Staff

$1.6M

40 hrs/wk

CLARKE MD MICHELLE J

PHYSICIAN

Staff

$1.5M

40 hrs/wk

MARSH MD W RICHARD

DIR-SPINE CENTER

Staff

$1.5M

40 hrs/wk

SPINNER MD ROBERT J

PHYSICIAN

Staff

$1.4M

40 hrs/wk

SHAH MD VIJAY

EXECUTIVE DEAN OF RESEARCH

Staff

$1.2M

40 hrs/wk

OTLEY MD CLARK C

FORMER KEY EMPLOYEE

Staff

$1.2M

40 hrs/wk

WILLIAMSON MARY J

CAO-MCS

Staff

$1.1M

40 hrs/wk

MORICE MD WILLIAM G

CEO-MCS

Staff

$1.1M

40 hrs/wk

ARNETT JENNIFER P

CHIEF DEVELOPMENT OFFICER

Staff

$1.1M

40 hrs/wk

PAGNANO MD MARK W

PHYSICIAN

Staff

$958K

40 hrs/wk

NOSEWORTHY MD PETER A

DIV CHAIR-HEART RHYTHM

Staff

$914K

40 hrs/wk

WILLIAMSON MD ERIC E

PHYSICIAN

Staff

$852K

40 hrs/wk

GALANIS MD EVANTHIA

EXECUTIVE DEAN OF DEVELOPMENT

Staff

$845K

40 hrs/wk

KENDRICK MD MICHAEL L

CHAIR-SURGERY

Staff

$836K

40 hrs/wk

WALD MD JOHN T

FORMER KEY EMPLOYEE

Staff

$827K

40 hrs/wk

DOWDY MD SEAN C

CHIEF VALUE OFFICER

Staff

$817K

40 hrs/wk

LEIBOVICH MD BRADLEY C

PHYSICIAN

Staff

$786K

40 hrs/wk

AMMASH MD NASER M

FORMER KEY EMPLOYEE

Staff

$774K

40 hrs/wk

FRANK MD IGOR

PHYSICIAN

Staff

$700K

40 hrs/wk

BROWN MD MICHAEL J

PHYSICIAN

Staff

$693K

40 hrs/wk

CIMA MD ROBERT R

FORMER KEY EMPLOYEE

Staff

$692K

40 hrs/wk

BROWN MD DANIEL R

DIRECTOR-CRITICAL CARE

Staff

$684K

40 hrs/wk

DIETER HEIDI L

CHAIR-RESEARCH ADMIN

Staff

$682K

40 hrs/wk

PETERS MD STEVE G

FORMER KEY EMPLOYEE

Staff

$666K

40 hrs/wk

KHAN MD AMIR R

PHYSICIAN

Staff

$645K

40 hrs/wk

WATSON MD JAMES C

CHAIR-PAIN MEDICINE

Staff

$630K

40 hrs/wk

HAYES MD SHARONNE N

FORMER KEY EMPLOYEE

Staff

$560K

40 hrs/wk

HOLTAN DOUGLAS J

CHAIR-FACILITIES

Staff

$479K

40 hrs/wk

BERBARI MD ELIE F

CHAIR-INTERNAL MEDICINE

Staff

$469K

40 hrs/wk

AMSTUTZ GWENDOLYN J

EXECUTIVE LEADER-HARWICK

Staff

$462K

40 hrs/wk

NARR MD BRADLY J

FORMER KEY EMPLOYEE

Staff

$419K

40 hrs/wk

HORLOCKER MD TERESE T

FORMER KEY EMPLOYEE

Staff

$379K

40 hrs/wk

MENKOSKY PAULA E

FORMER OFFICER

Staff

0

Independent contractors

MAYO FOUNDATION FOR MEDICAL EDUCATION &

PROCUREMENT & MED SUPPORT SERVICES

$704.0M

MAYO COLLABORATIVE SERVICES INC

REFERENCE LAB SERVICES

$13.4M

MCHS SOUTHWEST WISCONSIN REGION INC

MEDICAL AND SUPPORT SERVICES

$5.0M

MCHS NORTHWEST WISCONSIN REGION INC

MEDICAL AND SUPPORT SERVICES

$4.7M

MCHS SOUTHEAST MINNESOTA REGION

MEDICAL AND SUPPORT SERVICES

$4.2M

Grants received

Showing 200 of 1,163

FromAmountPurposeYear
$1.6B
SUPPORT CHARITABLE PROGRAMS
2024
$4.5M
GENERAL NONPROFIT SUPPORT
2024
$2.5M
RESTRICTED TO SUPPORT AI INNOVATION IN THE CLINICAL PRACTICE
2024
$2.4M
MEDICAL / PUBLIC SERVICES
2024
$2.0M
Health, Medicine & Science
2024
$1.8M
INSTITUTIONAL SUPPORT FOR CANCER RESEARCH
2024
$1.2M
HEALTH, GENERAL
2024
$1.1M
CHARITABLE GIFT
2024
$1M
DAVID STEIN LEGACY GIFT
2024
$783K
UNRESTRICTED GENERAL SUPPORT
2024
$777K
PARKINSON'S RESEARCH
2024
$671K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
$625K
GENERAL OPERATING SUPPORT
2024
$602K
GENERAL OPERATIONS
2024
$586K
DONOR ADVISED, HEALTH
2024
$450K
ADVANCED CLINICAL RESEARCH AWARD
2024
$420K
Cure Research and Patient Care
2024
$390K
MEDICAL / PUBLIC SERVICES
2024
$376K
BIPOLAR DISORDER RESEARCH
2024
$374K
SEED FUNDING-ASSISTANCE
2024
$366K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2024
$350K
GENERAL SUPPORT
2024
$300K
CARDIAC RESEARCH, EDUCATION, AND PREVENTION
2024
$300K
TO PROVIDE GENERAL SUPPORT
2024
$250K
TO SUPPORT MAYO'S EXPANSION EFFORTS IN JACKSONVILLE, FL
2024
$218K
Extramural Research
2024
$182K
NATIONAL GLAUCOMA RESEARCH BY GAVIN RODDY, MD, PHD ENTITLED: G2025001S
2024
$172K
MEDICAL RESEARCH
2024
$162K
CF CARE CENTER
2024
$160K
FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES
2024
$150K
HEALTH AND HUMAN SERVICES
2024
$150K
HEALTH AND HUMAN SERVICES
2024
$123K
GEN/OPER SUPPORT
2024
$101K
UNRESTRICTED GENERAL SUPPORT
2024
$101K
GENERAL SUPPORT
2024
$100K
HEALTH
2024
$100K
HEALTH CARE
2024
$100K
Support of amyloidosis research
2024
$100K
PROGRAM SUPPORT
2024
$93K
GENERAL SUPPORT
2024
$83K
BIPOLAR DISORDER RESEARCH
2024
$80K
CANCER EQUIPMENT
2024
$75K
SCIENTIFIC RESEARCH/CONFERENCE
2024
$75K
TARGETING SOS SIGNALING IN COLORECTAL CANCER
2024
$75K
2023 Peg's Fight for Life Award
2024
$65K
FOR MEDICAL EDUCATION AND RESEARCH FOR MAYO CLINIC JACKSONVILLE
2024
$53K
FELLOWSHIP
2024
$52K
OPERATIONS
2024
$51K
PROGRAM SUPPORT, GENERAL OPERATING
2024
$50K
RESEARCH CENTER OF EXCELLENCE AWARD
2024
$50K
MICHAEL PEDRICK MEMORIAL RESEARCH AWARD
2024
$46K
Higher Education
2024
$45K
CHARITABLE SUPPORT
2024
$45K
DIABETES RESEARCH
2024
$45K
RESEARCH AWARD
2024
$36K
GENERAL SUPPORT
2024
$35K
GENERAL OPERATIONAL SUPPORT
2024
$33K
RESEARCH - CONTRACT AWARD AND NF CLINIC NETWORK
2024
$33K
FINANCIAL SUPPORT
2024
$30K
LUPUS RESEARCH
2024
$30K
1 grant(s) for varying purposes
2024
$30K
Grant
2024
$28K
Research / Project Support
2024
$27K
OPERATIONAL SUPPORT
2024
$26K
RESEARCH PROJECT GRANT
2024
$25K
HEALTH AND WELLNESS
2024
$25K
GENERAL SUPPORT
2024
$25K
General operations
2024
$25K
TO SUPPORT THE CENTER FOR INDIVIDUALIZED MEDICINE.
2024
$25K
PROGRAM SPECIFIC SUPPORT
2024
$25K
New Century Scholars Research Grant
2024
$25K
General support
2024
$25K
GENERAL SUPPORT
2024
$21K
GENERAL SUPPORT
2024
$21K
GENERAL OPERATING SUPPORT
2024
$20K
TO FUND RESEARCH
2024
$20K
TO PROVIDE GENERAL SUPPORT
2024
$20K
RESEARCH MENTORSHIP AWARD
2024
$20K
TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION.
2024
$20K
RESEARCH SCHOLARSHIP
2024
$20K
TO PROVIDE GENERAL SUPPORT
2024
$20K
VARIOUS PURPOSES AS APPROVED BY BMCF BOARD
2024
$15K
SPONSORSHIP FOR COMMUNITY EVENTS
2024
$15K
RESEARCH GRANT
2024
$14K
FELLOWSHIP GRANT
2024
$13K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2024
$12K
BREAST CANCER RESEARCH
2024
$12K
RESEARCH/FELLOWSHIP AWARD
2024
$11K
HEALTH AND WELLNESS PROGRAM SUPPORT
2024
$10K
Donor Designation for General Support
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$10K
GENERAL SUPPORT
2024
$10K
MEDICAL & HEALTH
2024
$10K
HEALTH AND WELLNESS
2024
$10K
FOR GENERAL OPERATING SUPPORT
2024
$10K
FOR GENERAL OPERATING SUPPORT AND TO RECOGNIZE THEIR OUTSTANDING SERVICE - IN PARTICULAR THE HEMATOLOGY AND ONCOLOGY MEDICAL TEAMS.
2024
$10K
CHARITABLE DONATION
2024
$10K
RESIDENCY AWARD (LEAD)
2024
$9K
General Support
2024
$9K
Health, Medicine & Science
2024
$8K
FELLOWSHIP
2024
$8K
GENERAL SUPPORT
2024
$8K
SUPPORT FOR BRAIN CANCER RESEARCH AND PATIENTS
2024
$7K
RESEARCH GRANT
2024
$6K
RESEARCH FOR A CURE FOR MIGRAINE HEADACHES
2024
$6K
TO CURE CHILDREN AND IMPROVE CAPACITY AND QUALITY OF TREATMENT
2024
$6K
GENERAL SUPPORT, GENERAL OPERATING/UNRESTRICTED
2024
$5K
IN MEMORY OF JAMES M. VANN 5X CHALLENGE TO SUPPORT AI RESEARCH INITIATIVE
2024
$3K
MEDICAL & HEALTH
2024
$3K
MEDICAL & HEALTH
2024
$3K
MEDICAL & HEALTH
2024
$2K
TO BE USED FOR PROGRAMS IN JACKSONVILLE FL
2024
$1K
FOR GENERAL OPERATING SUPPORT
2024
$1K
FORE GENERAL OPERATING SUPPORT
2024
$50
MEDICAL & HEALTH
2024
$50
MEDICAL & HEALTH
2024
Return of Sarcoma Research funds awarded in 2023
2024
$2.2B
SUPPORT CHARITABLE PROGRAMS
2023
$11.7M
For grant recipient's exempt purposes
2023
$7.5M
ENVIRONMENT, ANIMALS
2023
$3.3M
General support for programs, operations and other charitable purposes
2023
$2.9M
TO SUPPORT THE CAR-T CELL THERAPY PHASE 1 CLINICAL TRIAL
2023
$2.8M
SUB-AWARD
2023
$2.6M
RESEARCH
2023
$2.5M
BIPOLAR DISORDER RESEARCH
2023
$2.5M
RESTRICTED TO SUPPORT AI INNOVATION
2023
$2.2M
SUBAWARD - SPONSORED RESEARCH
2023
$1.8M
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$1.3M
UNRESTRICTED GENERAL SUPPORT
2023
$1.1M
GENERAL SUPPORT
2023
$1.0M
RESEARCH- SUBCONTRACT
2023
$881K
MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES
2023
$814K
SUBAWARD
2023
$783K
HEALTH, DONOR-ADVISED, HEALTH
2023
$777K
HEALTH, GENERAL
2023
$680K
PARKINSON'S RESEARCH
2023
$675K
MEDICAL RESEARCH
2023
$425K
MEDICAL / PUBLIC SERVICES
2023
$420K
SEED FUNDING-ASSISTANCE
2023
$419K
INSTITUTIONAL SUPPORT FOR CANCER RESEARCH
2023
$406K
SITE INVESTMENT GRANT
2023
$400K
PANCREATIC CANCER RE
2023
$395K
RES SUB/MED EDUC
2023
$387K
LUPUS RESEARCH
2023
$350K
PINNACLE RESEARCH AWARD, AASLD FOUNDATION GUPTA FAMILY PILOT RESEARCH AWARD IN PSC RESEARCH
2023
$294K
MEDICAL / PUBLIC SERVICES
2023
$283K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$275K
RESEARCH GRANT
2023
$260K
RESEARCH GRANT / INVESTIGATOR GRANT / CORE GRANT / CARE CENTER GRANT / FELLOWSHIP
2023
$250K
YOUNG INVESTIGATOR AWARD, CAREER DEVELOPMENT AWARD
2023
$250K
TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF MAYO CLINIC FOUNDATION
2023
$250K
HEALTH AND WELLNESS
2023
$250K
TO SUPPORT MAYO'S EXPANSION EFFORTS IN JACKSONVILLE, FL
2023
$250K
Investigator Award - Clinical
2023
$238K
E21 COMMUNITY HEALTH SYSTEMS
2023
$205K
BREAST CANCER RESEARCH AT THE ROCHESTER CAMPUS
2023
$200K
RESEARCH
2023
$200K
CANCER RESEARCH
2023
$194K
HRSA HHT CENTERS, DOD GRANTS REIMBURSABLE
2023
$191K
RESEARCH SUPPORT
2023
$180K
Research
2023
$178K
EDUCATION/RESEARCH
2023

Funded by

$6.9B from 399 funders · 1,163 grants · 2016–2024

Mayo Clinic Group Return

$6.5B · 4 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$74.8M · 8 grants · 2017–2023

Donor Advised Charitable Giving Inc

$48.9M · 7 grants · 2017–2023

The Chicago Community Trust

$26.0M · 7 grants · 2017–2023

National Philanthropic Trust

$17.8M · 6 grants · 2017–2023

Saint Paul & Minnesota Foundation

$16.3M · 7 grants · 2018–2024

Vanguard Charitable Endowment Program

$13.6M · 4 grants · 2020–2023

Johns Hopkins University

$11.3M · 7 grants · 2017–2023

Details

EIN416011702
NTEE codeE21
Subsection03
Ruling date1947-01
Formed1919
Employees30970
Volunteers848
MAYO CLINIC — Mission, Financials & Grants Received | Grantivo