Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 05-01-2021 , and ending 04-29-2022
Name of foundation
MEDTRONIC COMMUNITIES FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)710 MEDTRONIC PKWY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55432
A Employer identification number

41-1306950
B Telephone number (see instructions)

(763) 505-2643
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$54,271,830J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,675,980 673,020  
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,445,741
b Gross sales price for all assets on line 6a 132,028,564
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 230,239 673,020  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 687,533 0   687,533
14 Other employee salaries and wages...... 1,833,474 0   2,812,450
15 Pension plans, employee benefits....... 302,570 0   302,570
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 20,000 0   20,000
c Other professional fees (attach schedule).... Click to see attachment 1,964,126 2,314   1,511,329
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,573 0   4,573
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 138,740 0   138,740
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,951,016 2,314   5,477,195
25 Contributions, gifts, grants paid....... 24,448,594 22,943,546
26 Total expenses and disbursements. Add lines 24 and 25 29,399,610 2,314   28,420,741
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -29,169,371
b Net investment income (if negative, enter -0-) 670,706
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 753,650 124,888 124,888
2 Savings and temporary cash investments......... 16,725,524 33,143,882 33,143,882
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 86,823,028 Click to see attachment21,003,060 21,003,060
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 104,302,202 54,271,830 54,271,830
Liabilities 17 Accounts payable and accrued expenses.......... 5,063,705 4,535,212
18 Grants payable................. 2,521,858 4,026,906
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 7,585,563 8,562,118
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 96,716,639 45,709,712
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 96,716,639 45,709,712
30 Total liabilities and net assets/fund balances (see instructions). 104,302,202 54,271,830
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
96,716,639
2
Enter amount from Part I, line 27a .....................
2
-29,169,371
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
692,169
4
Add lines 1, 2, and 3 ..........................
4
68,239,437
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
22,529,725
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
45,709,712
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED BONDS      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 132,028,564   132,028,594 -30
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -30
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -30
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 9,323
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,323
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 39,523
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 39,523
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 30,200
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet30,200 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletFOUNDATION.MEDTRONIC.COM
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (763) 505-2643

    Located atbullet710 MEDTRONIC PKWYMINNEAPOLISMN ZIP+4bullet55432
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PAURVI BHATT PRESIDENT, VICE CHAIR
    32.00     		294,552 110,901 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    CAROL SURFACE CHAIR
    0.20     		0 0 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    KACIE DEWOLF TREASURER
    5.00     		0 0 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    MARTHA HA SECRETARY
    0.20     		0 0 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    NATHANIEL ULRICH ASSISTANT SECRETARY
    2.00     		0 0 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    LIZ LUND ASSISTANT SECRETARY
    39.60     		219,246 62,833 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    IVAN FONG DIRECTOR
    0.20     		0 0 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    GEOFF MARTHA DIRECTOR
    0.20     		0 0 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    TOROD NEPTUNE DIRECTOR
    0.20     		0 0 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    KAREN PARKHILL DIRECTOR
    0.20     		0 0 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    SALLY SABA DIRECTOR
    0.20     		0 0 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    DALY JESSICA DIRECTOR PHILANTHROP
    39.60     		253,377 72,615 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    WALES ANN SENIOR PHILANTHROPY
    39.60     		218,176 42,315 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    SCHECK DONNA ANALYTICS PROGRAM MA
    39.60     		173,268 25,396 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    BARKLET SYLVIA SR. DIRECTOR PHILANT
    39.60     		141,599 46,994 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    FEDOROV LARA SENIOR PORTFOLIO MAN
    39.60     		160,283 23,493 0
    710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432
    Total number of other employees paid over $50,000...................bullet 6
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    TAPROOT FOUNDATION MARKET RESEARCH SUPPORT FOR PILOT PATIENT VOLUNTEER ENGAGEMENT PROGRAM 431,000
    40 WORTH STREET RM 601
    NEW YORK,NY10013
    BLACKBAUD GRANT PROCESSING FEES 387,977
    370 WABASHA ST N
    ST PAUL,MN55102
    THREE POINT SOLUTIONS INC MARKETING AND COMMUNICATIONS SUPPORT 220,710
    8425 INTERLACHEN RD SUITE 1
    LAKE SHORE,MN56468
    WEBER SHANDWICK MARKETING AND COMMUNICATIONS SUPPORT 193,175
    510 MARQUETTE AVE STE 13 FL
    MINNEAPOLIS,MN55402
    PYXERA GLOBL INC ASSISTED WITH IMPLEMENTATION OF GLOBAL INNOVATION FELLOWS PROGRAM COHORTS 139,934
    1030 15TH ST NW STE 730 E
    WASHINGTON,DC20005
    Total number of others receiving over $50,000 for professional services.............bullet1
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NONE 0
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    68,639,018
    b
    Average of monthly cash balances.......................
    1b
    341,767
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    68,980,785
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    68,980,785
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,034,712
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    67,946,073
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,397,304
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    3,397,304
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    9,323
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,323
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,387,981
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,387,981
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    3,387,981
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 3,387,981
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 39,486,119
    b From 2017...... 38,486,811
    c From 2018...... 24,938,431
    d From 2019...... 25,822,741
    e From 2020...... 30,950,365
    f Total of lines 3a through e ........ 159,684,467
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 28,420,741
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 3,387,981
    e Remaining amount distributed out of corpus 25,032,760
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 184,717,227
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		39,486,119
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		145,231,108
    10 Analysis of line 9:
    a Excess from 2017.... 38,486,811
    b Excess from 2018.... 24,938,431
    c Excess from 2019.... 25,822,741
    d Excess from 2020.... 30,950,365
    e Excess from 2021.... 25,032,760
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    GRANT APPLICATIONS SHOULD BE SUBMIT
    710 MEDTRONIC PKWY
    MINNEAPOLIS,MN55432
    (763) 505-2643
    bThe form in which applications should be submitted and information and materials they should include:
    ORGANIZATIONS MUST APPLY FOR GRANTS USING THE FOUNDATION'S ONLINE APPLICATION SYSTEM. ADDITIONAL DOCUMENTS WILL BE REQUIRED WITH THE ONLINE APPLICATION. THE ONLINE APPLICATION PROCESS ALLOWS FOR THE ATTACHMENT OF REQUIRED DOCUMENTS IN AN ELECTRONIC FORMAT. THE ADDITIONAL DOCUMENTS REQUIRED WITH THE ONLINE APPLICATION ARE AS FOLLOWS: - PROJECT BUDGET FORM (A TEMPLATE WILL BE PROVIDED ONLINE) - INTERIM/FINAL REPORT ON THE GRANT APPLICANT'S MOST RECENT GRANT FROM MEDTRONIC COMMUNITIES FOUNDATION (FKA MEDTRONIC FOUNDATION) (ONLY REQUIRED IF THE GRANT APPLICANT HAS PREVIOUSLY RECEIVED FUNDING FROM THE FOUNDATION) - LIST OF OFFICERS, DIRECTORS AND THEIR AFFILIATIONS - LATEST ANNUAL REPORT (ONLY REQUIRED IF AVAILABLE ELECTRONICALLY) - FINANCIAL STATEMENT FROM THE GRANT APPLICANT'S MOST RECENTLY COMPLETED FISCAL YEAR (WHETHER AUDITED OR NOT) - IRS DETERMINATION LETTER VERIFYING THE GRANT APPLICANT'S 501(C)(3) STATUS (ONLY REQUIRED FOR U.S. ORGANIZATIONS)
    cAny submission deadlines:
    DEADLINES VARY. MOST PROGRAMS ARE DUE BETWEEN SEPTEMBER 15 - JANUARY 31.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION FUNDS: - IN THE U.S.: 501(C)(3) ORGANIZATIONS (AN IRS DETERMINATION LETTER VERIFYING THE STATUS IS REQUIRED) - OUTSIDE THE U.S.: ORGANIZATIONS REGISTERED AS NONPROFITS, OR IN SOME CASES, ORGANIZATIONS THAT FUNCTION AS NONPROFITS, WHICH COULD INCLUDE SCHOOLS AND GOVERNMENT INSTITUTIONS THE FOUNDATION DOES NOT FUND: - CONTINUING MEDICAL EDUCATION (CME) GRANTS - 501(C)(3) TYPE 509(A)(3) SUPPORTING ORGANIZATIONS - CAPITAL OR CAPITAL PROJECTS - GENERAL OPERATING SUPPORT - INDIVIDUALS, INCLUDING SCHOLARSHIPS FOR INDIVIDUALS - LOBBYING, POLITICAL OR FRATERNAL ACTIVITIES - LONG-TERM COUNSELING OR PERSONAL DEVELOPMENT - PROGRAM ENDOWMENTS - PURCHASE OF AUTOMATIC EXTERNAL DEFIBRILLATORS (AEDS) - RELIGIOUS GROUPS FOR RELIGIOUS PURPOSES - PRIVATE FOUNDATIONS - RESEARCH
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    10000 DEGREES
    1401 LOS GAMOS DR STE 205
    SAN RAFAEL,CA94903     		N/A PC STEM 110,000
    AMERICARES FOUNDATION INC
    88 HAMILTON AVE
    STAMFORD,CT06902     		N/A PC COVID-19 RESPONSE 510,000
    AMERICARES FOUNDATION INC
    88 HAMILTON AVE
    STAMFORD,CT06902     		N/A PC DISASTER RESPONSE 250,000
    BAEHR CHALLENGE
    1037 EAST BUENA VISTA
    TEMPE,AZ85284     		N/A PF SPOTLIGHT GRANT MILESTONE PAYMENT 20,000
    BOSTON CHILDRENS HOSPITAL
    300 LONGWOOD AVENUE
    BOSTON,MA02215     		N/A PC IN HONOR OF BRAD LERMAN 10,000
    CAND AID
    20 BOWEN ST
    LONGMONT,CO80501     		N/A PC SPOTLIGHT GRANT MILESTONE PAYMENT 50,000
    CAREER TECHNICAL EDUCATION
    1030 APOLLO WAY STE 200
    SANTA ROSA,CA95407     		N/A PC STEM 135,000
    CENTER FOR THE NEW ECONOMY INC
    PO BOX 9024240
    SAN JUAN,PR009024240     		N/A PC STEM 125,000
    CHILDRENS HEARTLINK
    5075 ARCADIA AVE
    MINNEAPOLIS,MN554362306     		N/A PC MEDTRONIC FOUNDATION AND CHL PARTNERSHIP (2021-24) 500,000
    CHILDRENS HEARTLINK
    5075 ARCADIA AVE
    MINNEAPOLIS,MN554362306     		N/A PC MILESTONE BASED PAYMENT 500,000
    COMMUNITY FOOD SHARE INC
    650 S TAYLOR AVE
    LOUISVILLE,CO80027     		N/A PC SPOTLIGHT GRANT 5,000
    COMMUNITY FOOD SHARE INC
    650 S TAYLOR AVE
    LOUISVILLE,CO80027     		N/A PC SPOTLIGHT GRANT MILESTONE PAYMENT 20,000
    COUNCIL ON AGING SERVICES
    30 KAWANA SPRINGS RD
    SANTA ROSA,CA954046309     		N/A PC SPOTLIGHT GRANT MILESTONE PAYMENT 20,000
    DIRECT RELIEF
    27 S LA PATERA LN
    GOLETA,CA93117     		N/A PC DISASTER RESPONSE 100,000
    DIRECT RELIEF
    27 S LA PATERA LN
    GOLETA,CA93117     		N/A PC COVID-19 RESPONSE 260,000
    EMERGENCY ASSISTANCE FOUNDATION INC
    3713 PINE ST
    JACKSONVILLE,FL322059418     		N/A PC DISASTER RESPONSE 750,000
    EMERGENCY ASSISTANCE FOUNDATION INC
    3713 PINE ST
    JACKSONVILLE,FL322059418     		N/A PC MEAF GRANT AMENDMENT 750,000
    EUREKA ENRICHMENT SERVICES INC
    PASEO LAS BRISAS 7 COSTA AZUL ST
    SAN JUAN,PR009265944     		N/A PC STEM 50,000
    FOOD BANK OF THE ROCKIES
    10700 E 45TH AVE
    DENVER,CO80239     		N/A PC SPOTLIGHT GRANT MILESTONE PAYMENT 20,000
    FUNDACION PATERNITAS
    RECOLETA 900
    SANTIGO   8420000
    CI     		N/A NC SPOTLIGHT GRANT MILESTONE PAYMENT 80,000
    GIRLS WHO CODE
    1250 BROADWAY 17TH FL
    NEW YORK,NY10010     		N/A PC STEM 125,000
    HEALTHCARE READY
    1325 G ST NW STE 500
    WASHINGTON,DC20005     		N/A PC COVID-19 RESPONSE 100,000
    HEALTHFINDERS COLLABORATIVE INC
    PO BOX 731
    NORTHFIELD,MN55057     		N/A PC SCALE GRANT 315,000
    HEALTHFINDERS COLLABORATIVE INC
    PO BOX 731
    NORTHFIELD,MN55057     		N/A PC FEASIBILITY TO SCALE HEALTH MILESTONE PAYMENT 316,000
    INTERNATIONAL MEDICAL CORPS
    12400 WILSHIRE BLVD STE 1500
    LOS ANGELES,CA90025     		N/A PC DISASTER RESPONSE 300,000
    INTERNATIONAL MEDICAL CORPS
    12400 WILSHIRE BLVD STE 1500
    LOS ANGELES,CA90025     		N/A PC COVID-19 RESPONSE 125,000
    INTERNATIONAL MEDICAL CORPS
    12400 WILSHIRE BLVD STE 1500
    LOS ANGELES,CA90025     		N/A PC EMERGENCY COVID-19 RESPONSE IN INDIA 100,000
    JOHNSON STEM ACTIVITY CENTER
    275 DECATUR ST STE D
    ATLANTA,GA30312     		N/A PC SPOTLIGHT GRANT MILESTONE PAYMENT 20,000
    LANDPATHS
    618 4TH ST STE 217
    SANTA ROSA,CA95404     		N/A PC STEM 135,000
    MEDICINEMA ITALIA ONLUS
    VIS G ASELLI 5
    MILAN   20133
    IT     		N/A NC SPOTLIGHT GRANT MILESTONE PAYMENT 40,000
    MOUNT ST JOSEPH ACADEMY
    127 COVENT AVE
    RUTLAND,VT05701     		N/A PC IN MEMORY OF CAROL'S MOM 500
    NORTHERN CALIFORNIA CENTER
    101 BROOKWOOD AVE STE A
    SANTA ROSA,CA95404     		N/A PC SCALE GRANT 300,000
    NORTHERN CALIFORNIA CENTER
    101 BROOKWOOD AVE STE A
    SANTA ROSA,CA95404     		N/A PC MILESTONE BASED PAYMENT 300,000
    NORTHSIDE ACHIEVEMENT ZONE
    2123 W BROADWAY AVE STE 100
    MINNEAPOLIS,MN55411     		N/A PC MILESTONE BASED PAYMENT 700,000
    NORTHSIDE ACHIEVEMENT ZONE
    2123 W BROADWAY AVE STE 100
    MINNEAPOLIS,MN55411     		N/A PC NAZ STEM FY21-149 325,000
    NORTHSIDE ACHIEVEMENT ZONE
    2123 W BROADWAY AVE STE 100
    MINNEAPOLIS,MN55411     		N/A PC NAZ GENERAL OPERATING SUPPORT 500,000
    PROJECT HOPE
    255 CARTER HALL LN
    MILLWOOD,VA22646     		N/A PC COVID-19 RESPONSE 505,000
    PROJECT HOPE
    255 CARTER HALL LN
    MILLWOOD,VA22646     		N/A PC DISASTER RESPONSE 400,000
    PROJECT LEAD THE WAY
    3939 PRIORITY WAY S DR STE 400
    INDIANAPOLIS,IN46240     		N/A PC STEM 225,000
    PUERTO RICO SCIENCE TECHNOLOGY &
    PO BOX 363475
    SAN JUAN,PR00936     		N/A PC MILESTONE BASED PAYMENT 825,000
    PUERTO RICO SCIENCE TECHNOLOGY &
    PO BOX 363475
    SAN JUAN,PR00936     		N/A PC LT DISASTER PR 625,000
    PUERTO RICO SCIENCE TECHNOLOGY &
    PO BOX 363475
    SAN JUAN,PR00936     		N/A PC STEM 100,000
    SCIENCE FROM SCIENTISTS
    1 DEANGELO DR STE CV
    BEDFORD,MA01730     		N/A PC STEM 98,000
    SOCIETY OF HISPANIC PROFESSIONAL
    13181 CROSSROADS PKWY N STE 2220
    CITY OF INDUSTRY,CA917463497     		N/A PC STEM 231,900
    SPARK YOUTH
    681 17TH AVE NE STE 101
    MINNEAPOLIS,MN55413     		N/A PC STEM 175,000
    STARBASE MINNESOTA INC
    659 MUSTANG AVE
    SAINT PAUL,MN55111     		N/A PC STEM 125,000
    TECHNOVATION
    532 W 22ND ST
    LOS ANGELES,CA900072034     		N/A PC SPOTLIGHT GRANT MILESTONE PAYMENT 80,000
    THE BLACKBAUD GIVING FUND
    WORLD HEADQUARTERS 65 FAIRCHILD
    STREET
    CHARLESTON,SC29492     		N/A PC US MATCH GIVING 10,432,046
    THURGOOD MARSHALL COLLEGE FUND
    901 F ST NW STE 700
    WASHINGTON,DC20004     		N/A PC TMCF SCHOLARSHIP PROGRAM 942,600
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 OAK ST SE STE 500
    MINNEAPOLIS,MN55455     		N/A PC SPOTLIGHT GRANT MILESTONE PAYMENT 40,000
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 OAK ST SE STE 500
    MINNEAPOLIS,MN55455     		N/A PC CIDRAP 7,500
    URBAN LEAGUE TWIN CITIES
    2100 PLYMOUTH AVE N
    MINNEAPOLIS,MN55411     		N/A PC SPOTLIGHT GRANT 5,000
    WALLIN EDUCATION PARTNERS
    5200 WILSON RD STE 209
    MINNEAPOLIS,MN55424     		N/A PC SPONSORSHIP 10,000
    WALLIN EDUCATION PARTNERS
    5200 WILSON RD STE 209
    MINNEAPOLIS,MN55424     		N/A PC SPOTLIGHT GRANT 25,000
    WALLIN EDUCATION PARTNERS
    5200 WILSON RD STE 209
    MINNEAPOLIS,MN55424     		N/A PC STEM 125,000
    Total .................................bullet 3a 22,943,546
    bApproved for future payment
    A PRECIOUS CHILD
    7051 W 118TH AVE
    BROOMFIELD,CO80020     		N/A PC COVID 19 10,000
    AMERICARES
    88 HAMILTON AVE
    STAMFORD,CT06902     		N/A PC DISASTER RESPONSE 500,000
    BANCO ALIMENTOS PUERTO RICO
    PO BOX 3990
    CAROLINA,PR009833990     		N/A PC COVID 19 50,000
    CALTECH Y
    1200 E CALIFORNIA BLVD MC C 128
    PASADENA,CA91125     		N/A PC STEM 160,500
    CAN'D AID
    20 BOWEN ST
    LONGMONT,CO80501     		N/A PC SPOTLIGHT GRANT MILESTONE PAYMENT 20,000
    CEDAR RIVERSIDE PEOPLE'S CENTER
    425 20TH AVE S
    MINNEAPOLIS,MN55454     		N/A PC FEASIBILITY TO SCALE 375,000
    CO BIOSCIENCE INSTITUTE
    600 GRANT ST STE 306
    DENVER,CO80203     		N/A PC STEM 85,340
    COMUNIDADES LATINAS UNIDAS EN SERVICIO INC
    797 EAST 7TH ST
    ST PAUL,MN55106     		N/A PC COVID 19 35,000
    EMERGENCY FAMILY ASSISTANCE ASSOCIATION
    1575 YARMOUTH AVE
    BOULDER,CO80304     		N/A PC COVID 19 20,000
    GALWAY UNIVERSITY FOUNDATION
    243 5TH AVE 111
    NEW YORK,NY10016     		N/A PC STEM 155,000
    HARVEST OF HOPE PANTRY
    2960 VALMONT RD
    BOULDER,CO80301     		N/A PC COVID 19 50,000
    I HAVE A DREAM FOUNDATION
    5390 MANHATTAN CIR STE 200
    BOULDER,CO80303     		N/A PC STEM 224,923
    INTERNATIONAL MEDICAL CORPS
    12400 WILSHIRE BLVD STE 1500
    LOS ANGELES,CA90025     		N/A PC COVID-19 RESPONSE 700,000
    KINIA
    UNIT 3 GUINNESS ENTERPRISE CTR
    DUBLIN   8
    EI     		N/A NC STEM 175,000
    MIDLANDS SCIENCE
    2ND FL BLOCK 6 CENTRAL
    TULLAMORE CO    
    EI     		N/A NC STEM 85,000
    NATIVE AMERICAN COMMUNITY CLINIC
    1213 E FRANKLIN AVE
    MINNEAPOLIS,MN55404     		N/A PC COVID 19 10,000
    NORTHPOINT HEALTH AND WELLNESS CENTER
    1315 PENN AVE N
    MINNEAPOLIS,MN55411     		N/A PC COVID 19 10,000
    PILLSBURY UNITED COMMUNITIES
    125 W BROADWAY STE 130
    MINNEAPOLIS,MN55411     		N/A PC COVID 19 35,000
    PROJECT HOPE
    255 CARTER HALL LN
    MILLWOOD,VA22646     		N/A PC COVID-19 RESPONSE 325,000
    PUBLIC HEALTH INSTITUTE
    555 12 ST 10TH FL
    OAKLAND,CA94607     		N/A PC COVID 19 200,000
    PUERTO RICO SCIENCE TECHNOLOGY AND RESEARCH TRUST
    PO BOX 363475
    SAN JUAN,PR00936     		N/A PC LT DISASTER PR 50,000
    RAINBOW HEALTH
    2577 W TERRITORIAL RD
    SAINT PAUL,MN55114     		N/A PC COVID 19 10,000
    SCIFEST
    13 LUDFORD RD BALLINTEER
    DUBLIN   D16 K330
    EI     		N/A NC STEM 75,000
    TANZANIA HEALTH PARTNERSHIP
    8085 WAYZATA BLVD STE 203
    MINNEAPOLIS,MN55426     		N/A PC SPONSORSHIPS 500
    THE BAKKEN MUSEUM
    3537 ZENITH AVE S
    MINNEAPOLIS,MN554164623     		N/A PC THE BAKKEN MUSEUM LEGACY GRANT 100,000
    THE CARTER CENTER
    453 FREEDOM PKWY
    ATLANTA,GA30307     		N/A PC IN MEMORY OF REHKA BHATT 500
    THE FAMILY LEARNING CENTER
    3164 34TH ST
    BOULDER,CO80301     		N/A PC STEM 156,703
    TWO BIT CIRCUS FOUNDATION
    634 MATEO ST
    LOS ANGELES,CA90021     		N/A PC STEM 102,965
    UNIVERSITY OF MN BAKKEN CENTER
    200 OAK ST SE STE 500
    MINNEAPOLIS,MN55455     		N/A PC GENERAL OPERATING GRANT 25,000
    URBAN LEAGUE TWIN CITIES
    2100 PLYMOUTH AVE N
    MINNEAPOLIS,MN55411     		N/A PC SPOTLIGHT GRANT 45,000
    URBAN TXT
    3655 S GRAND AVE STE 220
    LOS ANGELES,CA90007     		N/A PC STEM 235,475
    Total .................................bullet 3b 4,026,906
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,675,980  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 -1,445,741  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 230,239 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    230,239
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    MEDTRONIC COMMUNITIES FOUNDATION
    EIN:
    41-1306950
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT FEES 20,000 0   20,000

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    MEDTRONIC COMMUNITIES FOUNDATION
    EIN:
    41-1306950
    Category Amount
    NONE 0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    MEDTRONIC COMMUNITIES FOUNDATION
    EIN:
    41-1306950
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    THE BLACKBAUD GIVING FUND
          		WORLD HEADQUARTERS 65 FAIRCHILD
    STREET
    CHARLESTON,SC29492     		2022-04-29 9,338,736 US MATCH GIVING VIA YOURCAUSE 9,338,736 NONE KNOWN RECEIVED MONTHLY   INTERIM REPORTS RECEIVED MONTHLY. THE BLACKBAUD GIVING FUND IS A 501(C)(3) PUBLIC CHARITY THAT ADMINISTERS THE DONOR ADVISED FUND THROUGH WHICH MEDTRONIC COMMUNITIES FOUNDATION ISSUES ITS US EMPLOYEE MATCH GIFTS THROUGHOUT THE FISCAL YEAR. INTERIM REPORTS OF DISBURSEMENTS ARE RECEIVED REGULARLY FROM THE GRANTEE. DETAIL IS AVAILABLE UPON REQUEST.
    THE BLACKBAUD GIVING FUND
          		WORLD HEADQUARTERS 65 FAIRCHILD
    STREET
    CHARLESTON,SC29492     		2022-04-29 1,093,310 US VOLUNTEER MATCH VIA YOURCAUSE 1,093,310 NONE KNOWN RECEIVED MONTHLY   INTERIM REPORTS RECEIVED MONTHLY. THE BLACKBAUD GIVING FUND IS A 501(C)(3) PUBLIC CHARITY THAT ADMINISTERS THE DONOR ADVISED FUND THROUGH WHICH MEDTRONIC COMMUNITIES FOUNDATION ISSUES ITS US VOLUNTEER MATCH GIFTS THROUGHOUT THE FISCAL YEAR. INTERIM REPORTS OF DISBURSEMENTS ARE RECEIVED REGULARLY FROM THE GRANTEE. DETAIL IS AVAILABLE UPON REQUEST.
    MEDTRONIC GLOBAL HEALTH FOUNDATION
          		710 MEDTRONIC PARKWAY
    MINNEAPOLIS,MN55432     		2021-05-06 22,529,725 MEDTRONIC GLOBAL HEALTH FOUNDATION SUPPORTS PROGRAMS AND STRATEGIES THAT CREATE SUSTAINABLE SOLUTIONS FOR EQUITABLE ACCESS TO HEALTHCARE WORLDWIDE. 7,692,752 NONE KNOWN RECEIVED REGULARLY   REPORTS RECEIVED REGULARLY. THROUGH FYE 2021, MEDTRONIC GLOBAL HEALTH FOUNDATION (MGHF), A RELATED 501(C)(3), WAS CONTROLLED BY MEDTRONIC COMMUNITIES FOUNDATION (MCF); AT THE BEGINNING OF FYE 2022, MGHF BECAME AN INDEPENDENT PRIVATE FOUNDATION. FROM INCEPTION AND THROUGH FYE 2021 MGHF WAS CONTROLLED AND FUNDED EXCLUSIVELY BY MCF. AT THE BEGINNING OF THIS TAX YEAR, AND AS PART OF A RECAPITALIZATION TO BETTER FUND THE MISSIONS OF THE TWO ORGANIZATIONS, MCF FUNDED MGHF WITH $5,217,315 OF CASH AND $17,312,410 OF INVESTMENT SECURITIES. MCF WILL NOT PROVIDE FURTHER FUNDING TO MGHF, AS MGHF WILL BE FUNDED DIRECTLY BY MEDTRONIC, INC. AS SUCH, MCF AND MGHF WILL OPERATE INDEPENDETLY GOING FORWARD, BUT WILL STILL BE CONSIDERED RELATED TO EACH OTHER. MCF WILL CONTINUE TO EXERCISE EXPENDITURE RESPONSIBILITY FOR TWO MORE YEARS. NONE OF THE AMOUNT TRANSFERRED WAS USED IN A TAXABLE EXPENDITURE.
    COPE GALWAY
          		CALBRO HOUSE TUAM ROAD
    GALWAY   H91 XR97
    EI     		2021-02-01 100,000 THE GRANT FUNDING PROVIDED BY MEDTRONIC FOUNDATION WAS USED TO SUPPORT COPE GALWAY IN THREE PRINCIPAL AREAS: 1. BUILDING ORGANIZATIONAL CAPACITY, 2. AGE WELL BEFRIENDING PROGRAMME PILOT, 3. DIGITAL MARKETING. 100,000 NONE KNOWN FINAL REPORT RECIEVED 3/31/22 2022-03-31 OUTCOMES INCLUDED AN INCREASE IN FUNDS RAISED FROM THE BUSINESS LEADERS SLEEP OUT, INNOVATION IN COMMUNICATIONS AND FUNDRAISING, AND THE CAPACITY TO RESPOND TO THE IMPACT ON STAFF, OF WORKING IN FRONT LINE SOCIAL SERVICES THROUGHOUT THE PANDEMIC.
    FUNDACION PATERNITAS
          		RECOLETA 900
    SANTIAGO   8420000
    CI     		2021-02-01 100,000 MEDTRONIC FOUNDATION SPOTLIGHT GRANT WHERE VOLUNTEERS HELPED OUT WITH EMOTIONAL SUPPORT TO STUDENTS DURING THE PANDEMIC, HELPED SET UP ENTREPRENEURSHIP PROJECTS, AND HEALTHY LIFESTYLE ACTIVITIES FOR MIDDLE AGED WOMEN. 100,000 NONE KNOWN FINAL REPORT DUE ON 1/31/23 2023-01-31 68% OF STUDENTS THAT GRADUATED DECLARED THAT THEY WERE CURRENTLY SELLING A PRODUCT WITH THE HELP AND SUPPORT OF MEDTRONIC VOLUNTEERS. STUDENTS RATED VOLUNTEER INTERACTIONS POSITIVELY.
    MEDICINEMA ITALIA ONLUS
          		VIA G ASELLI 5
    MILANO   5
    IT     		2021-02-05 50,000 CONSTRUCTION AND START-UP OF A STREAMING PLATFORM WHICH IS THE MEDICINEMA TV CHANNEL IN HOSPITAL, WITH A DAILY OFFER OF CINEMA/ART/MUSIC/HEALTH CONTENTS FOR MORE THAN 92,000 PATIENTS OF WHICH 43,000 HOSPITALIZED PLUS 4,000 AS NURSES AND DOCTORS. 50,000 NONE KNOWN FINAL REPORT RECIEVED ON 4/29/22 2022-04-29 1) A DEDICATED TRANSMISSION LINE HAS BEEN CREATED FOR THE DIRECT MANAGEMENT OF FILM THERAPY CONTENT AND ART AS A TOOL OF CARE HUMANIZATION AND WELFARE.2) MEDICINEMA HAS CREATED THE FIRST TV CHANNEL AT THE ASST NIGUARDA IN MILAN. THE CHANNEL IS WATCHABLE IN EVERY ROOM AND WILL BE PROPOSED AND REACHABLE IN EVERY HEALTH FACILITY WHERE MEDICINEMA IS PRESENT.3) VOLUNTEERS SUCCESSFULLY TRAINED HAVE PRODUCED NEW PROCEDURES FOR THE CREATION OF AUDIO/VIDEO CONTENT OF UTILITY FOR THE PROGRAMMING OF THE TV CHANNEL.
    BAEHR CHALLENGE
          		1037 E BUENA VISTA
    TEMPE,AZ85284     		2021-03-12 25,000 1) RAISE AWARENESS ABOUT THE BENEFITS OF EXERCISE FOR PEOPLE DIAGNOSED WITH PARKINSON'S.2) RAISE FUNDING FOR THE MICHAEL J FOX FOUNDATION TO INVEST IN FINDING A CURE.3) TO ENGAGE MEDTRONIC VOLUNTEERS IN OUR MISSION. 25,000 NONE KNOWN FINAL REPORT RECEIVED ON 8/16/21 2021-08-16 CREATED A VOLUNTEER BOARD TO MEET VIA ZOOM ONCE OR TWICE AMONTH TO ORGANIZE THE "30 SECOND CHALLENGE". WE GOT A GREAT START DURING APRIL WITH MANY PEOPLE ENGAGING IN OUR VIRTUAL CHALLENGE BUT UNFORTUNATELY WE STALLED AFTER APRIL DUE TO COVID. THE VOLUNTEERS DID A GREAT JOB BUILDING A FOUNDATION FOR A SUCCESSFUL LAUNCH OF OUR VIRTUAL CHALLENGE BUT THE PROGRAM HAS STALLED IN SPITE OF A GREAT VOLUNTEER EFFORT.OUR PRIMARY CHALLENGE HAS BEEN LACK OF ENTHUSIASM BY POTENTIAL PARTICIPANTS. WE HAD PLANNED ON ATTENDING PD GYMS,WELLNESS CENTERS AND PARKINSON'S PHYSICAL THERAPY FACILITIES BUT WE HAVE BEEN DISCOURAGED BY MANAGERS OF THOSE FACILITIES DUE TO LINGERING COVID CONCERNS. NEXT WE REACHED OUT TO A FEW MINOR CELEBRITIES TO ASK IF THEY WOULD PARTICIPATE IN THE 30 SECOND CHALLENGE BUT WE HAVE NOT HAD ANY LUCK TO DATE.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    MEDTRONIC COMMUNITIES FOUNDATION
    EIN:
    41-1306950
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GUARDIAN LIFE MTN 3,000,420 3,000,420
    HUNTINGTON NATIONAL 3,001,260 3,001,260
    IGM CORP 3,001,710 3,001,710
    ORACLE CORP 3,001,260 3,001,260
    PAYPAL HLDGS INC COM 3,005,160 3,005,160
    TOYOTA MOTOR MTN 2,999,370 2,999,370
    TORONTO DOMINION MNT 2,993,880 2,993,880

    TY 2021 OtherDecreasesSchedule
    Name:
    MEDTRONIC COMMUNITIES FOUNDATION
    EIN:
    41-1306950
    Description Amount
    TRANSFER TO MEDTRONIC GLOBAL HEALTH FOUNDATION (EIN#81-2307516) 22,529,725


    TY 2021 OtherExpensesSchedule
    Name:
    MEDTRONIC COMMUNITIES FOUNDATION
    EIN:
    41-1306950
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND SUBSCRIPTIONS 118,993 0   118,993
    EMPLOYEE RELATED EXPENSES 6,418 0   6,418
    OFFICE EXPENSE 13,329 0   13,329


    TY 2021 OtherIncreasesSchedule
    Name:
    MEDTRONIC COMMUNITIES FOUNDATION
    EIN:
    41-1306950
    Description Amount
    UNREALIZED GAIN/LOSS 692,169


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    MEDTRONIC COMMUNITIES FOUNDATION
    EIN:
    41-1306950
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL 1,430,127 0   979,644
    INVESTMENT MANAGEMENT FEES 2,314 2,314   0
    MARKETING & COMMUNICATIONS SUPPORT 531,685 0   531,685