Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
A For the 2024 calendar year, or tax year beginning 01-01-2024 , and ending 12-31-2024
BCheck if applicable:
CName of organization
MAYO CLINIC
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
PO BOX 4007
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ROCHESTER, MN559034007
D Employer identification number

41-6011702
E Telephone number

G Gross receipts $ 20,830,346,879
F Name and address of principal officer:
GIANRICO FARRUGIA MD
PO BOX 4007
ROCHESTER,MN559034007
I
Tax-exempt status: (   ) (insert no.) or
J
Website:
WWW.MAYOCLINIC.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number 5983
K Form of organization:  
L Year of formation: 1919
M State of legal domicile: MN
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: PATIENT CARE, RESEARCH AND EDUCATION
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 32
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 18
5 Total number of individuals employed in calendar year 2024 (Part V, line 2a) ...... 5 30,970
6 Total number of volunteers (estimate if necessary) ............. 6 848
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 576,229,234
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 54,370,986
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 3,328,764,626 2,862,668,927
9 Program service revenue (Part VIII, line 2g) ......... 3,356,722,496 3,783,296,733
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 649,564,702 1,167,784,969
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 89,919,101 115,368,165
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 7,424,970,925 7,929,118,794
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 937,924,597 607,369,592
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 3,600,682,164 3,833,014,169
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 1,233,879 1,250,225
b Total fundraising expenses (Part IX, column (D), line 25) 57,246,641    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 1,639,557,695 1,871,846,088
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 6,179,398,335 6,313,480,074
19 Revenue less expenses. Subtract line 18 from line 12....... 1,245,572,590 1,615,638,720
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 23,339,620,165 26,682,635,058
21 Total liabilities (Part X, line 26)............. 9,955,393,531 10,173,199,106
22 Net assets or fund balances. Subtract line 21 from line 20..... 13,384,226,634 16,509,435,952
Part II
Signature Block
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Date
PTIN
Firm's name

Firm's EIN
Firm's address



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For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2024)
Form 990 (2024)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: TO INSPIRE HOPE AND CONTRIBUTE TO HEALTH AND WELL-BEING BY PROVIDING THE BEST CARE TO EVERY PATIENT THROUGH INTEGRATED CLINICAL PRACTICE, EDUCATION AND RESEARCH.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 4,602,522,187 including grants of $ 538,000,886 ) (Revenue $ 3,803,656,288 )
PATIENT CARE (SEE SCHEDULE O FOR DESCRIPTION)PATIENT CARE:MAYO CLINIC IS AN INTEGRATED, NOT-FOR-PROFIT MEDICAL GROUP PRACTICE. ITS STANDARD OF CARE BRINGS TOGETHER TEAMS OF EXPERTS TO PROVIDE HIGH-QUALITY, AFFORDABLE AND COMPASSIONATE CARE TO EACH PATIENT CONSISTENT WITH MAYO CLINIC'S PRIMARY VALUE - THE NEEDS OF THE PATIENT COME FIRST. MAYO CLINIC'S MISSION IS TO INSPIRE HOPE AND CONTRIBUTE TO HEALTH AND WELL-BEING BY PROVIDING THE BEST CARE TO EVERY PATIENT THROUGH INTEGRATED CLINICAL PRACTICE, EDUCATION AND RESEARCH. MAYO CLINIC'S HERITAGE OF COLLABORATIVE MEDICAL EXPERTISE IS COMBINED WITH CAREFUL ATTENTION TO INDIVIDUAL PATIENT NEEDS, RESULTING IN A THOROUGH AND PERSONAL APPROACH TO HEALTH CARE.PATIENT CARE ADVANCED THROUGH EDUCATION AND RESEARCH IS THE FOUNDATION OF MAYO CLINIC'S MISSION. TO ACCOMPLISH ITS MISSION, MAYO CLINIC NOT ONLY PROVIDES A VARIETY OF PROGRAMS IN DIRECT PATIENT CARE, MEDICAL EDUCATION AND RESEARCH, BUT ALSO SERVES AS THE PARENT ORGANIZATION OF A MULTI-ENTITY ORGANIZATION. THESE ORGANIZATIONS CONSIST OF HOSPITALS, CLINICS, HEALTH CARE PROVIDERS AND OTHER ENTITIES PROVIDING HEALTH CARE-RELATED SERVICES AND KNOWLEDGE DELIVERY TO THE PUBLIC THROUGHOUT THE WORLD. IN ROCHESTER, MAYO CLINIC WORKS COLLABORATIVELY WITH MAYO CLINIC HOSPITAL - ROCHESTER, AN AFFILIATED ENTITY COMPRISED OF SAINT MARYS CAMPUS AND METHODIST CAMPUS TO FORM AN INTEGRATED MEDICAL CENTER DEDICATED TO PROVIDING COMPREHENSIVE DIAGNOSES AND TREATMENT IN VIRTUALLY EVERY MEDICAL AND SURGICAL SPECIALTY.MAYO CLINIC IS ALSO THE SOLE MEMBER OF MAYO CLINIC ARIZONA AND MAYO CLINIC JACKSONVILLE WHICH PROVIDE SERVICES TO PATIENTS IN THE SOUTHWEST AND SOUTHEAST REGIONS OF THE UNITED STATES. IN THE MIDWEST, MAYO CLINIC HEALTH SYSTEM SERVES COMMUNITIES IN MINNESOTA, WISCONSIN, AND IOWA THROUGH A NETWORK OF COMMUNITY-BASED PHYSICIANS TO PROVIDE QUALITY HEALTH CARE CLOSE TO HOME. THIS NETWORK IS ALSO SUPPORTED BY THE HIGHLY SPECIALIZED EXPERTISE AND RESOURCES OF MAYO CLINIC.UTILIZING COMMON GOVERNANCE, SHARED SYSTEMS AND STANDARDIZED POLICIES AND PROCEDURES WHENEVER POSSIBLE, MAYO CLINIC STRIVES TO PROVIDE CONSISTENT, HIGH QUALITY HEALTH CARE SERVICES AND KNOWLEDGE DELIVERY WITHIN EVERY ASPECT OF CARE. A 31-MEMBER BOARD OF TRUSTEES COMPRISED OF A MAJORITY OF PUBLIC MEMBERS ALONG WITH MAYO PHYSICIANS AND ADMINISTRATORS ENSURE THE ENTIRE ORGANIZATION REMAINS TRUE TO ITS MISSION AND CULTURE OF PROVIDING FOR THE HEALTH CARE NEEDS OF THE PUBLIC RATHER THAN FOR PRIVATE BENEFIT. MAYO CLINIC HAS REINFORCED ITS LEADERSHIP IN PATIENT CARE, RESEARCH AND EDUCATION TO DRIVE FORWARD THE TRANSFORMATION OF HEALTH CARE OVER THE NEXT DECADE. WITH DIGITAL INNOVATIONS AND NEW TECHNOLOGIES, MAYO CLINIC IS MOVING QUICKLY TO EXTEND ITS COMPASSIONATE CARE, EXPERTISE AND RESEARCH, AND IS REINVESTING IN PEOPLE AND FACILITIES IN THE COMMUNITIES IT SERVES. MAYO CLINIC HAS ACCELERATED ITS INVESTMENT IN THE DIGITAL TRANSFORMATION OF HEALTH CARE, AS PART OF ITS 2030 STRATEGY TO TRANSFORM PATIENT AND CLINICIAN EXPERIENCES AND SOLVE HUMANITY'S MOST COMPLEX MEDICAL CHALLENGES. MAYO CLINIC REMAINS TOP-RANKED IN QUALITY MORE THAN ANY OTHER HEALTH CARE ORGANIZATION BY INDEPENDENT GROUPS, SUCH AS THE NURSING MAGNET RECOGNITION PROGRAM, PRESS GANEY PATIENT EXPERIENCE AWARDS, THE CENTERS FOR MEDICARE & MEDICAID SERVICES OVERALL HOSPITAL QUALITY STAR RATINGS, LEAPFROG HOSPITAL SAFETY SURVEY AND THE AMERICAN COLLEGE OF SURGEONS NATIONAL SURGICAL QUALITY IMPROVEMENT PROGRAM. FOR THE 2024-2025 PERIOD, MAYO CLINIC HAD ITS HOSPITAL (MAYO CLINIC HOSPITAL-ROCHESTER) NAMED TO THE BEST HOSPITALS HONOR ROLL BY U.S. NEWS & WORLD REPORT, ALONG WITH BEING RANKED IN THE TOP 50 HOSPITALS IN 13 MEDICAL SPECIALTIES AND EARNED THE HIGHEST HIGH-PERFORMING RATING FOR ALL 20 OF THE EVALUATED PROCEDURES AND CONDITIONS.MAYO CLINIC OFFERS BOTH SPECIALTY AND PRIMARY CARE IN ITS COMMUNITY PRACTICES AND MAINTAINS A POPULATION HEALTH OFFICE. IT IS THE CHARGE OF MAYO'S POPULATION HEALTH COMMITTEE TO TRANSFORM THE WAY COMMUNITY CARE IS DELIVERED AND IMPROVE PATIENT OUTCOMES WHILE REDUCING THE OVERALL TOTAL COST OF CARE. POPULATION HEALTH AT MAYO COORDINATES EXISTING PRACTICE MODELS WITH TRANSFORMATIONAL INITIATIVES TO BETTER ENGAGE PATIENTS, KEEP THEM HEALTHY, SUPPORT PATIENT WELLNESS GOALS AND HELP PATIENTS TO BETTER MANAGE CHRONIC ILLNESSES. THE PRACTICE CHANGE INITIATIVES DEVELOPED, TESTED AND IMPLEMENTED THROUGH THE MAYO MODEL OF COMMUNITY CARE (MMOCC) ARE AIMED AT IMPROVING THE QUALITY OF LIFE FOR PATIENTS, REDUCING OVERALL HEALTH CARE COSTS AND BUILDING A SUSTAINABLE PRACTICE MODEL THAT TRULY SUPPORTS THE NEEDS OF COMMUNITY PATIENTS.THROUGH MAYO CLINIC'S CENTER FOR CLINICAL AND TRANSLATIONAL SCIENCE, MAYO CLINIC COLLABORATES WITH COMMUNITY MEMBERS TO HELP COMMUNITY MEDICAL PROVIDERS INCORPORATE PRACTICE-BASED AND RESEARCH-BASED KNOWLEDGE TO IMPROVE OVERALL COMMUNITY HEALTH OUTCOMES AND ELIMINATE HEALTH DISPARITIES. EACH YEAR, PEOPLE FROM ALL 50 STATES AND APPROXIMATELY 135 COUNTRIES COME TO MAYO CLINIC FOR CARE. DURING 2024, APPROXIMATELY 469,000 PATIENT VISITS WERE RECORDED BY MAYO CLINIC AND ITS AFFILIATED HOSPITAL IN ROCHESTER, MN. TOTAL PATIENT VISITS FOR MAYO CLINIC AND ITS AFFILIATES DURING 2024 WERE OVER 1.3 MILLION. MAYO CLINIC PROVIDES CARE TO PEOPLE COVERED BY GOVERNMENTAL PROGRAMS SUCH AS MEDICARE AND MEDICAID, AT SUBSTANTIAL DISCOUNTS FROM STANDARD FEES. CHARITY CARE IS ALSO PROVIDED FOR PATIENTS THAT ARE FINANCIALLY UNABLE TO PAY FOR SERVICES PROVIDED. IN 2024, THE COST OF UNCOMPENSATED CARE PROVIDED THROUGH MEDICAID AND MINNESOTA CARE (A PROGRAM THAT PROVIDES MEDICAL ASSISTANCE FOR LOW INCOME POPULATIONS) WAS APPROXIMATELY $251,530,859. THIS AMOUNT INCLUDES APPROXIMATELY $48,246,368 PAID TO MINNESOTACARE. THE COST OF UNCOMPENSATED CARE PROVIDED THROUGH MEDICARE WAS APPROXIMATELY $1,188,397,058 AND THE COST OF CHARITY CARE PROVIDED IN 2024 WAS APPROXIMATELY $32,319,095.IN 2024, WITH SYSTEM-WIDE REVENUES OF $19.8 BILLION, MAYO CLINIC AND ITS AFFILIATES PROVIDED $752.2 MILLION IN CARE TO PEOPLE IN NEED. THIS TOTAL INCLUDES $129.8 MILLION IN CHARITY CARE AND $622.4 MILLION IN UNPAID PORTIONS OF MEDICAID AND OTHER INDIGENT CARE PROGRAMS FOR PEOPLE WHO ARE UNINSURED OR UNDERINSURED. MAYO ALSO PROVIDED $3.3 BILLION IN UNPAID PORTIONS OF MEDICARE AND OTHER SENIOR PROGRAMS. APPROXIMATELY 56.7 PERCENT OF MAYO'S TOTAL MEDICAL SERVICES PROVIDED ARE FOR MEDICARE, MEDICAID AND OTHER GOVERNMENT PATIENTS. MAYO CLINIC AND ITS AFFILIATES CONTRIBUTED APPROXIMATELY $14.4 MILLION IN CASH AND IN-KIND DONATIONS TO LOCAL COMMUNITIES. THE MAYO CLINIC CARE NETWORK CONSISTS OF INDEPENDENT HEALTH-CARE ORGANIZATIONS THAT SHARE A COMMON GOAL OF IMPROVING DELIVERY OF HEALTH CARE IN THEIR COMMUNITIES THROUGH HIGH-QUALITY, DATA DRIVEN AND EVIDENCE BASED MEDICAL CARE. MEMBERS OF THE NETWORK HAVE ACCESS TO MAYO CLINIC KNOWLEDGE, COLLABORATION TOOLS, DISEASE MANAGEMENT PROTOCOLS, CLINICAL CARE GUIDELINES, TREATMENT RECOMMENDATIONS, PATIENT EDUCATION MATERIALS AND CONTINUING MEDICAL EDUCATION OPPORTUNITIES. THE MAIN GOAL OF THE NETWORK IS TO HELP PEOPLE GAIN THE BENEFITS OF MAYO CLINIC EXPERTISE WITHOUT HAVING TO TRAVEL TO A MAYO CLINIC FACILITY. FOR 2024, THE MAYO CLINIC CARE NETWORK CONSISTED OF APPROXIMATELY 45 MEMBERS LOCATED IN THE UNITED STATES, CHINA, EGYPT, BAHRAIN, TURKEY, SWITZERLAND, MEXICO, MALAYSIA, SAUDI ARABIA, AND THE UNITED ARAB EMIRATES. THROUGH THE MAYO CLINIC CARE NETWORK, MILLIONS OF PATIENTS AND THEIR CARE TEAMS HAVE ACCESS TO MAYO CLINIC KNOWLEDGE, CLINICAL PROTOCOLS AND CONSULTATIONS VIA MAYO'S CONNECTED CARE PLATFORM.HEALTH INFORMATION IS VIEWED AS AN IMPORTANT PART OF MAYO CLINIC'S PATIENT CARE MISSION. MAYO CLINIC, IN CONJUNCTION WITH ITS AFFILIATES, PROVIDE A VARIETY OF HEALTH INFORMATION RESOURCES (BOOKS, NEWSLETTER, ON-LINE CONTENT, ETC.) TO PATIENTS, CONSUMERS AND THE GENERAL PUBLIC.MAYO CLINIC'S SOCIAL MEDIA NETWORK IS A NETWORK OF HEALTH CARE ORGANIZATIONS, HOSPITALS AND MEDICAL PROFESSIONALS COMMITTED TO BROADER AND DEEPER ENGAGEMENT IN SOCIAL MEDIA TO HELP IMPROVE HEALTH CARE LITERACY, HEALTH CARE DELIVERY AND POPULATION HEALTH WORLDWIDE.COMMUNITY GIVING AND INVOLVEMENT IS A VALUE-DRIVEN PRIORITY AT MAYO CLINIC. QUALITY PATIENT CARE IS BEST ADVANCED WITHIN A VIBRANT LOCAL COMMUNITY, WITH STRONG SOCIETAL FOUNDATIONS, SUCH AS EDUCATION, HEALTH, INCLUSIVITY, A DIVERSE ECONOMY, SUPPORTIVE SOCIAL SERVICES, AND AMENITIES THAT MAKE ROCHESTER A DESIRABLE PLACE TO LIVE AND SUPPORT SOCIAL DETERMINANTS OF HEALTH. MAYO CLINIC'S COMMUNITY CONTRIBUTIONS PROGRAM PROVIDES FINANCIAL AND IN-KIND SUPPORT TO NON-PROFIT ORGANIZATIONS IN SUPPORT OF THESE EFFORTS.
4b (Code:   ) (Expenses $ 947,574,834 including grants of $ 36,571,270 ) (Revenue $ 6,400,323 )
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.
4c (Code:   ) (Expenses $ 361,039,236 including grants of $ 32,797,436 ) (Revenue $ 73,801,840 )
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.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expenses5,911,136,257
Form 990 (2024)
Form 990 (2024)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment
List of Attached Documents:
// Content
.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment
List of Attached Documents:
// Content
...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment
List of Attached Documents:
// Content
.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment
List of Attached Documents:
// Content
.........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment
List of Attached Documents:
// Content
..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
Yes
 
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment
List of Attached Documents:
// Content
.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule EClick to see attachment
List of Attached Documents:
// Content
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
List of Attached Documents:
// Content
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
List of Attached Documents:
// Content
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
List of Attached Documents:
// Content
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....Click to see attachment
List of Attached Documents:
// Content
17
Yes
 
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment
List of Attached Documents:
// Content
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................Click to see attachment
List of Attached Documents:
// Content
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
List of Attached Documents:
// Content
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............Click to see list of attachments
List of Attached Documents:
// Content
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I .... Click to see attachment
List of Attached Documents:
// Content
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................Click to see attachment
List of Attached Documents:
// Content
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part IIClick to see attachment
List of Attached Documents:
// Content
...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part IIIClick to see attachment
List of Attached Documents:
// Content
.........................
27
Yes
 
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................Click to see attachment
List of Attached Documents:
// Content
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....Click to see attachment
List of Attached Documents:
// Content
28b
Yes
 
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
List of Attached Documents:
// Content
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................Click to see attachment
List of Attached Documents:
// Content
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............Click to see attachment
List of Attached Documents:
// Content
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
List of Attached Documents:
// Content
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
List of Attached Documents:
// Content
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
List of Attached Documents:
// Content
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
1,414
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
30,970
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: CJ , EI , MX , UK , CO , IN , DR , ID
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
No
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
No
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
No
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
Yes
 
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2024)
Form 990 (2024)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
32
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
18
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
Yes
 
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
Yes
 
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
Yes
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
 
No
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
AL , AK , AR , CA , CT , FL , GA , IL , KS , KY , MD , MA , MI , MN , MS , NH , NJ , NY , NC , NM , OK , OR , PA , RI , TN , VA , WV , WI , SC , AZ , HI
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
CORPORATE TAX200 FIRST STREET SW   ROCHESTER,MN55905 (507) 538-1297
Form 990 (2024)
Form 990 (2024)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) FARRUGIA MD GIANRICO......................................................................
TRUSTEE/PRESIDENT/CEO
 1.00
.................
40.00 		X   X       0 4,822,235 65,861
(2) THIELEN MD KENT R......................................................................
TRUSTEE/VP
 1.00
.................
40.00 		X   X       0 3,113,840 92,959
(3) GRAY MD RICHARD J......................................................................
TRUSTEE/VP
 1.00
.................
40.00 		X   X       0 3,110,824 91,199
(4) WILLIAMS MD AMY W......................................................................
TRUSTEE
 1.00
.................
40.00 		X           0 2,299,102 29,667
(5) ZORN CHRISTINA K......................................................................
TRUSTEE/VP
 1.00
.................
40.00 		X   X       0 2,087,648 81,916
(6) DAHLEN DENNIS E......................................................................
CFO
 1.00
.................
40.00 		    X       0 1,888,039 102,215
(7) MURPHY JOSHUA B......................................................................
SECY
 1.00
.................
40.00 		    X       0 1,785,340 53,341
(8) GORMAN PAUL A......................................................................
TREASURER
 1.00
.................
40.00 		    X       0 1,655,287 93,537
(9) LANZINO MD GIUSEPPE......................................................................
PHYSICIAN
 40.00
.................
0.00 		        X   1,554,724 0 87,764
(10) GORES MD GREGORY J......................................................................
FORMER KEY EMPLOYEE
 40.00
.................
0.00 		          X 1,589,132 0 50,277
(11) KRAUSS MD WILLIAM E......................................................................
PHYSICIAN
 40.00
.................
0.00 		        X   1,576,058 0 47,038
(12) CLARKE MD MICHELLE J......................................................................
PHYSICIAN
 40.00
.................
0.00 		        X   1,495,190 0 70,910
(13) MARSH MD W RICHARD......................................................................
DIR-SPINE CENTER
 40.00
.................
0.00 		        X   1,479,544 0 46,357
(14) SPINNER MD ROBERT J......................................................................
PHYSICIAN
 40.00
.................
0.00 		        X   1,414,774 0 97,482
(15) SHAH MD VIJAY......................................................................
EXECUTIVE DEAN OF RESEARCH
 40.00
.................
0.00 		      X     1,193,147 0 83,549
(16) MENKOSKY PAULA E......................................................................
FORMER OFFICER
 0.00
.................
40.00 		          X 0 1,172,237 90,075
(17) OTLEY MD CLARK C......................................................................
FORMER KEY EMPLOYEE
 40.00
.................
0.00 		          X 1,155,205 0 79,516
Form 990 (2024)
Form 990 (2024)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) WILLIAMSON MARY J........................................................................
CAO-MCS
 40.00
.......................0.00 		      X     1,146,092 0 51,504
(19) MORICE MD WILLIAM G........................................................................
CEO-MCS
 40.00
.......................0.00 		      X     1,068,576 0 87,203
(20) AMMASH MD NASER M........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 773,838 300,518 75,667
(21) DIDEHBAN ROSHANAK........................................................................
TRUSTEE/ASST SECY
 1.00
.......................40.00 		X   X       0 1,099,206 46,713
(22) ARNETT JENNIFER P........................................................................
CHIEF DEVELOPMENT OFFICER
 40.00
.......................0.00 		      X     1,057,222 0 87,997
(23) RIHAL MD CHARANJIT S........................................................................
TRUSTEE
 40.00
.......................0.00 		X           1,021,863 0 80,175
(24) CALLSTROM MD MATTHEW R........................................................................
TRUSTEE
 40.00
.......................0.00 		X           972,259 0 88,697
(25) PAGNANO MD MARK W........................................................................
PHYSICIAN
 40.00
.......................0.00 		      X     957,862 0 78,968
(26) NOSEWORTHY MD PETER A........................................................................
DIV CHAIR-HEART RHYTHM
 40.00
.......................0.00 		      X     914,196 0 65,837
(27) WALD MD JOHN T........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 826,873 0 96,374
(28) GALANIS MD EVANTHIA........................................................................
EXECUTIVE DEAN OF DEVELOPMENT
 40.00
.......................0.00 		      X     845,049 0 77,735
(29) KENDRICK MD MICHAEL L........................................................................
CHAIR-SURGERY
 40.00
.......................0.00 		      X     836,116 0 82,948
(30) DUNN AJANI N........................................................................
TRUSTEE/ASST SECY
 1.00
.......................40.00 		X   X       0 849,566 66,059
(31) WILLIAMSON MD ERIC E........................................................................
PHYSICIAN
 40.00
.......................0.00 		      X     851,971 0 55,761
(32) DOWDY MD SEAN C........................................................................
CHIEF VALUE OFFICER
 40.00
.......................0.00 		      X     816,885 0 76,215
(33) HARA MD AMY K........................................................................
TRUSTEE
 1.00
.......................40.00 		X           0 794,367 78,694
(34) CAINE NATALIE A........................................................................
TRUSTEE
 40.00
.......................0.00 		X           810,665 0 59,392
(35) LEIBOVICH MD BRADLEY C........................................................................
PHYSICIAN
 40.00
.......................0.00 		      X     785,911 0 82,413
(36) FONSECA MD RAFAEL........................................................................
TRUSTEE
 1.00
.......................40.00 		X           0 778,857 82,510
(37) CIMA MD ROBERT R........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 692,205 0 85,515
(38) FRANK MD IGOR........................................................................
PHYSICIAN
 40.00
.......................0.00 		      X     699,669 0 73,887
(39) MCLAUGHLIN MD SARAH A........................................................................
TRUSTEE
 1.00
.......................40.00 		X           0 732,941 42,578
(40) BROWN MD DANIEL R........................................................................
DIRECTOR-CRITICAL CARE
 40.00
.......................0.00 		      X     684,365 0 86,724
(41) BROWN MD MICHAEL J........................................................................
PHYSICIAN
 40.00
.......................0.00 		      X     692,912 0 75,810
(42) DIETER HEIDI L........................................................................
CHAIR-RESEARCH ADMIN
 40.00
.......................0.00 		      X     681,748 0 60,917
(43) KHAN MD AMIR R........................................................................
PHYSICIAN
 40.00
.......................0.00 		      X     645,498 0 80,171
(44) PETERS MD STEVE G........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 666,429 0 41,804
(45) POE JOHN D........................................................................
FORMER KEY EMPLOYEE
 0.00
.......................40.00 		          X 0 636,758 70,453
(46) WATSON MD JAMES C........................................................................
CHAIR-PAIN MEDICINE
 40.00
.......................0.00 		      X     630,251 0 68,540
(47) GAZELKA MD HALENA M........................................................................
FORMER KEY EMPLOYEE
 0.00
.......................40.00 		          X 0 630,611 56,082
(48) FRANCIS JAMES R........................................................................
ASST TREASURER
 1.00
.......................40.00 		    X       0 587,999 89,057
(49) FAMUYIDE MBBS ABIMBOLA O........................................................................
TRUSTEE
 40.00
.......................0.00 		X           593,461 0 82,224
(50) COMFERE MD NNEKA I........................................................................
TRUSTEE
 40.00
.......................0.00 		X           627,425 0 38,097
(51) HAYES MD SHARONNE N........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 559,563 0 51,397
(52) BERBARI MD ELIE F........................................................................
CHAIR-INTERNAL MEDICINE
 40.00
.......................0.00 		      X     468,759 0 81,439
(53) HOLTAN DOUGLAS J........................................................................
CHAIR-FACILITIES
 40.00
.......................0.00 		      X     478,516 0 37,519
(54) AMSTUTZ GWENDOLYN J........................................................................
EXECUTIVE LEADER-HARWICK
 40.00
.......................0.00 		      X     462,303 0 46,061
(55) HUBERT SHERRY L........................................................................
ASST SECY
 1.00
.......................40.00 		    X       0 410,466 86,416
(56) NARR MD BRADLY J........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 418,690 0 38,321
(57) NORBY SUSAN M........................................................................
FORMER OFFICER
 0.00
.......................40.00 		          X 0 375,136 73,018
(58) HORLOCKER MD TERESE T........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 378,608 0 29,794
(59) SMITH CHUCK J........................................................................
ASST TREASURER
 1.00
.......................40.00 		    X       0 240,668 60,263
(60) BROWN WILLIAM A........................................................................
ASST TREASURER
 1.00
.......................40.00 		    X       0 166,058 30,432
(61) PECK KRISTIN........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 170,333 0
(62) ROBO JAMES L........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 164,805 0
(63) SHANNON MICHAEL........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 143,059 0
(64) ROBERTS ROBIN R........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 13,088 0
(65) ALIX JAY........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 12,173 0
(66) POWELL MICHAEL K........................................................................
TRUSTEE/CHAIR
 5.00
.......................0.00 		X   X       0 8,966 0
(67) REMY DONALD M........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 6,987 0
(68) STEER MD RANDOLPH C........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 2,113 0
(69) BAICKER KATHERINE........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 1,465 0
(70) BAKER JR DOUGLAS M........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 0 0
(71) BILICIC GEORGE W........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 0 0
(72) BURNS URSULA M........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 0 0
(73) DAVIS JED V........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 0 0
(74) DAVIS RICHARD K........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 0 0
(75) GERBERDING MD JULIE L........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 0 0
(76) HALVORSON GEORGE C........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 0 0
(77) PERETSMAN NANCY B........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 0 0
(78) ROTHBLATT A MARTINE........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 0 0
(79) SCHMIDT ERIC E........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 0 0
(80) SWEENEY ANNE M........................................................................
TRUSTEE
 5.00
.......................0.00 		X           0 0 0
1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 34,523,554 30,060,692 4,171,044
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 8,206
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
MAYO FOUNDATION FOR MEDICAL EDUCATION &

200 FIRST STREET SW
ROCHESTER,MN55905 		PROCUREMENT & MED SUPPORT SERVICES 704,037,545
MAYO COLLABORATIVE SERVICES INC

200 FIRST STREET SW
ROCHESTER,MN55905 		REFERENCE LAB SERVICES 13,394,877
MCHS SOUTHWEST WISCONSIN REGION INC

700 WEST AVE SOUTH
LA CROSSE,WI54601 		MEDICAL AND SUPPORT SERVICES 4,967,349
MCHS NORTHWEST WISCONSIN REGION INC

1221 WHIPPLE STREET
EAU CLAIRE,WI54703 		MEDICAL AND SUPPORT SERVICES 4,667,129
MCHS SOUTHEAST MINNESOTA REGION

1000 FIRST DRIVE NW
AUSTIN,MN55912 		MEDICAL AND SUPPORT SERVICES 4,246,625
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 6
Form 990 (2024)
Form 990 (2024)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a 47,962
b Membership dues..1b 1,095
c Fundraising events..1c  
d Related organizations1d 1,629,237,506
e Government grants (contributions)1e 389,093,352
f All other contributions, gifts, grants, and similar amounts not included above1f 844,289,012
g Noncash contributions included in lines 1a - 1f:$ 1g 81,273,219
h Total. Add lines 1a-1f....... 2,862,668,927
Program Service RevenueAmt Business Code
2a NET PATIENT CARE 621110 3,703,094,570 3,179,199,888 523,894,682  
b EDUCATION 611600 73,801,840 73,801,840    
c RESEARCH 541700 6,400,323 1,094,426 5,305,897  
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f ..... 3,783,296,733
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 460,151,782   41,609,883 418,541,899
4 Income from investment of tax-exempt bond proceeds 84,266     84,266
5 Royalties........... 1,911,015 1,911,015    
(i) Real (ii) Personal
6a Gross rents 6a 6,382,724  
b Less: rental expenses 6b 5,496,983  
c Rental income or (loss) 6c 885,741  
d Net rental income or (loss)....... 885,741     885,741
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 13,587,100,838 15,850,622
b Less: cost or other basis and sales expenses 7b 12,883,448,453 11,954,086
c Gain or (loss) 7c 703,652,385 3,896,536
d Net gain or (loss)......... 707,548,921     707,548,921
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..        
10a Gross sales of inventory, less
returns and allowances ..
10a 503,092
b Less: cost of goods sold .. 10b 328,563
c Net income or (loss) from sales of inventory.. 174,529   174,529  
OtherRevenueMiscAmt
Business Code
11a NET SHARED SERVICES 561000 71,831,292 71,831,292    
b MISC. REVENUE 900099 20,381,818 17,236,233   3,145,585
c CAFETERIA/VENDING 722310 7,225,097 7,225,097    
d All other revenue .... 12,958,673 2,358,082 5,244,243 5,356,348
e Total. Add lines 11a–11d ...... 112,396,880
12 Total revenue. See instructions..... 7,929,118,794 3,354,657,873 576,229,234 1,135,562,760
Form 990 (2024)
Form 990 (2024)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 572,373,197 572,373,197
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 32,843,760 32,843,760
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 2,152,635 2,152,635
4 Benefits paid to or for members .......    
5 Compensation of current officers, directors, trustees, and key employees ........... 21,732,507 17,677,764 2,690,286 1,364,457
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ......... 12,681,141 10,880,795 1,701,745 98,601
7 Other salaries and wages........ 2,910,208,941 2,785,818,625 94,380,744 30,009,572
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 142,635,531 132,809,783 7,460,964 2,364,784
9 Other employee benefits ....... 551,664,222 529,681,607 17,374,901 4,607,714
10 Payroll taxes ........... 194,091,827 185,277,148 6,691,323 2,123,356
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 754,364 202,685 185,554 366,125
c Accounting ........... 1,284,085   1,284,085  
d Lobbying ........... 195,959 195,959    
e Professional fundraising services. See Part IV, line 17 1,250,225 1,250,225
f Investment management fees ...... 3,752,873   3,752,873  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 305,027,695 276,096,387 19,762,852 9,168,456
12 Advertising and promotion .... 1,392,863 1,219,564 173,056 243
13 Office expenses ....... 210,725,884 199,351,665 8,808,563 2,565,656
14 Information technology ...... 67,404,632 65,160,095 2,244,537  
15 Royalties .. 5,610,643 5,606,976 3,667  
16 Occupancy ........... 69,579,915 34,525,896 34,115,709 938,310
17 Travel ............ 62,607,098 59,075,453 1,655,527 1,876,118
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 8,293,357 8,067,735 58,755 166,867
20 Interest ........... 136,287,411 279,457 136,007,954  
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 185,482,075 184,555,561 877,221 49,293
23 Insurance ... 38,943,102 38,943,102    
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a MEDICAL SUPPLIES 632,380,673 632,380,673    
b UBIT 7,329,840 7,329,840    
c EMPLOYEE RELATED EXPENS 51,743,367 47,670,867 3,812,096 260,404
d MN CARE TAX 44,007,936 44,006,229 1,707  
e All other expenses 39,042,316 36,952,799 2,053,057 36,460
25 Total functional expenses. Add lines 1 through 24e 6,313,480,074 5,911,136,257 345,097,176 57,246,641
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).        
Form 990 (2024)
Form 990 (2024)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 10,197,868 1 11,860,660
2 Savings and temporary cash investments ......... 1,174,006,293 2 1,462,661,219
3 Pledges and grants receivable, net ...... 545,368,699 3 528,101,090
4 Accounts receivable, net ............. 389,838,910 4 364,123,043
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6  
7 Notes and loans receivable, net ........... 20,134,099 7 49,869,930
8 Inventories for sale or use ............ 13,606,001 8 16,618,102
9 Prepaid expenses and deferred charges ...... 79,071,287 9 68,881,437
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 4,367,338,640
b Less: accumulated depreciation 10b 2,669,854,882 1,584,242,624 10c 1,697,483,758
11 Investments—publicly traded securities . 703,702,998 11 793,198,539
12 Investments—other securities. See Part IV, line 11 ..... 17,096,491,435 12 19,874,793,633
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ............... 5,000,000 14 0
15 Other assets. See Part IV, line 11 ........... 1,717,959,951 15 1,815,043,647
16 Total assets. Add lines 1 through 15 (must equal line 33)... 23,339,620,165 16 26,682,635,058
Liabilities 17 Accounts payable and accrued expenses ..... 2,049,813,354 17 2,197,357,913
18 Grants payable ...   18  
19 Deferred revenue ......... 154,114,274 19 34,795,321
20 Tax-exempt bond liabilities ......... 1,438,317,105 20 1,515,547,528
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
  22  
23 Secured mortgages and notes payable to unrelated third parties .. 2,693,616,997 23 2,614,266,769
24 Unsecured notes and loans payable to unrelated third parties ..   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 3,619,531,801 25 3,811,231,575
26 Total liabilities. Add lines 17 through 25.. 9,955,393,531 26 10,173,199,106
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 8,832,320,576 27 11,676,563,779
28 Net assets with donor restrictions ........... 4,551,906,058 28 4,832,872,173
Organizations that do not follow FASB ASC 958, check here right arrow and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 13,384,226,634 32 16,509,435,952
33 Total liabilities and net assets/fund balances ........ 23,339,620,165 33 26,682,635,058
Form 990 (2024)
Form 990 (2024)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
7,929,118,794
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
6,313,480,074
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
1,615,638,720
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
13,384,226,634
5
Net unrealized gains (losses) on investments ...............
5
609,492,759
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
900,077,839
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
16,509,435,952
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2024)
Form 990 (2024)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................  
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total
 
   
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..  
6 Public support. Subtract line 5 from line 4.  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..            
11 Total support. Add lines 7 through 10  
12
12
 
13
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
33 1/3% support test—2024. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization .......................right arrow
b
33 1/3% support test—2023. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow
17a
10%-facts-and-circumstances test—2024. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
b
10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . 2,422,520,612 2,825,326,266 2,389,724,888 3,328,764,626 2,862,668,927 13,829,005,319
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose 3,408,043,003 3,197,736,676 3,191,523,521 2,956,581,882 3,354,657,873 16,108,542,955
3 Gross receipts from activities that are not an unrelated trade or business under section 513 ..... 9,994,115 12,809,372 8,121,798 7,617,747 8,501,933 47,044,965
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge            
6 Total. Add lines 1 through 5 5,840,557,730 6,035,872,314 5,589,370,207 6,292,964,255 6,225,828,733 29,984,593,239
7a Amounts included on lines 1, 2, and 3 received from disqualified persons           0
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.           0
c Add lines 7a and 7b..           0
8 Public support. (Subtract line 7c from line 6.) 29,984,593,239
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
9 Amounts from line 6... 5,840,557,730 6,035,872,314 5,589,370,207 6,292,964,255 6,225,828,733 29,984,593,239
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 200,743,329 271,179,894 239,752,060 368,698,465 420,483,334 1,500,857,082
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. 180,609,096 160,531,494 118,746,266 24,983,105 70,176,674 555,046,635
c Add lines 10a and 10b. 381,352,425 431,711,388 358,498,326 393,681,570 490,660,008 2,055,903,717
11 Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.).. 6,221,910,155 6,467,583,702 5,947,868,533 6,686,645,825 6,716,488,741 32,040,496,956
14
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow
Section C. Computation of Public Support Percentage
15
15
93.580 %
16
16
93.880 %
Section D. Computation of Investment Income Percentage
17
17
6.420 %
18
18
6.120 %
19a
33 1/3% support tests-2024. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow
b
33 1/3 % support tests—2023. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow
20
Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described on 11a above?
11b
 
 
c
A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    
Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by 0.035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    
Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes 1  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity 		2  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations 3  
4 Amounts paid to acquire exempt-use assets 4  
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) 5  
6 Other distributions (describe in Part VI). See instructions 6  
7Total annual distributions. Add lines 1 through 6. 7  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions 		8  
9 Distributable amount for 2024 from Section C, line 6 9  
10 Line 8 amount divided by Line 9 amount 10  
Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2024 		(iii)
Distributable
Amount for 2024
1 Distributable amount for 2024 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2024:
a From 2019.......  
b From 2020.......  
c From 2021.......  
d From 2022.......  
e From 2023.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2024 distributable amount  
i Carryover from 2019 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.  
4Distributions for 2024 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2024 distributable amount  
c Remainder. Subtract lines 4a and 4b from line 4.  
5 Remaining underdistributions for years prior to
2024, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions. 		 
6 Remaining underdistributions for 2024. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions. 		 
7 Excess distributions carryover to 2025. Add lines
3j and 4c. 		 
8 Breakdown of line 7:
a Excess from 2020.....  
b Excess from 2021.....  
c Excess from 2022.....  
d Excess from 2023.....  
e Excess from 2024.....  
Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
SCHEDULE A PART I LINE 2: WHILE THE IRS DETERMINED THAT MAYO CLINIC QUALIFIES UNDER LINE 10, AN ORGANIZATION THAT NORMALLY RECEIVES: (1) MORE THAN 33 1/3% OF ITS SUPPORT FROM CONTRIBUTIONS, MEMBERSHIP FEES, AND GROSS RECEIPTS FROM ACTIVITIES RELATED TO ITS EXEMPT FUNCTIONS, AND (2) NO MORE THAN 33 1/3% OF ITS SUPPORT FROM GROSS INVESTMENT INCOME AND UNRELATED BUSINESS TAXABLE INCOME, WE BELIEVE THAT IT ALSO QUALIFIES UNDER THE CLASSIFICATION OF LINE 2 - A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II), LINE 3 - A HOSPITAL OR A COOPERATIVE HOSPITAL SERVICE ORGANIZATION DESCRIBED IN SECTION 170(B)(1)(A)(III), AND LINE 7, AN ORGANIZATION THAT NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENTAL UNIT OR FROM THE GENERAL PUBLIC DESCRIBED IN SECTION 170(B)(1)(A)(VI).
Schedule A (Form 990) 2024


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
MAYO CLINIC
  		Employer identification number
41-6011702
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 
 
 
  ,    

$ RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
MAYO CLINIC
  		Employer identification number

41-6011702
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
MAYO CLINIC
  		Employer identification number

41-6011702
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

right arrow Complete if the organization is described below. right arrow Attach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

2
Political campaign activity expenditures. See instructions ....................................................................right arrow
$  
3
Volunteer hours for political campaign activities. See instructions ..................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................right arrow
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................right arrow
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... right arrow
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................right arrow

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........right arrow

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990) 2024

Schedule C (Form 990) 2024
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check right arrowexpenses, and share of excess lobbying expenditures).
B Check right arrow
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ........................    
c Total lobbying expenditures (add lines 1a and 1b) ............................................................    
d Other exempt purpose expenditures ...............................................................................    
e Total exempt purpose expenditures (add lines 1c and 1d) ..................................................    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................................................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ...................................................................................................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2021 (b) 2022 (c) 2023 (d) 2024 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990) 2024


Schedule C (Form 990) 2024
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
Yes
 
c
Media advertisements? ...................................................................................................
 
No
 
d
Mailings to members, legislators, or the public? .............................................................................
Yes
 
 
e
Publications, or published or broadcast statements? ...........................................................
Yes
 
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
Yes
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
Yes
 
 
i
Other activities? ...................................................................................................................
Yes
 
195,959
j
Total. Add lines 1c through 1i ....................................................................................................
195,959
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures. See Instructions .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
PART II-B, LINE 1: DURING 2024, MAYO CLINIC (MAYO) OFFICIALS HAD MEETINGS AND CONTACTS WITH FEDERAL AND STATE GOVERNMENT OFFICIALS, INCLUDING MEMBERS OF CONGRESS, STATE LEGISLATURES, AND RESPECTIVE EXECUTIVE BRANCH OFFICIALS TO DISCUSS VARIOUS HEALTH CARE REFORM PROPOSALS AND PROPOSED LEGISLATION. THESE DISCUSSIONS AND MEETINGS WERE HELD IN ROCHESTER, MN AS WELL AS WASHINGTON, D.C., ST. PAUL, MN AND OTHER MAYO CLINIC SITE LOCATIONS. IN ADDITION, MAYO SENT CORRESPONDENCE TO MEMBERS, STAFF AND OTHER GOVERNMENT OFFICIALS OUTLINING MAYO'S POSITIONS AND RECOMMENDATIONS ON LEGISLATION AND PROPOSED REGULATIONS. MAYO PROVIDES INFORMATION OR EXPRESSES ITS CONCERN TO LEGISLATIVE BODIES AND GOVERNMENT OFFICIALS ON MATTERS DIRECTLY RELATED TO HEALTH, THE DELIVERY OF HEALTH CARE AND MEDICAL EDUCATION AND/OR RESEARCH. IN 2024, MAYO REPRESENTATIVES HAD SEVERAL MEETINGS WITH MEMBERS OF THE LEGISLATIVE AND EXECUTIVE BRANCHES OF GOVERNMENT TO DISCUSS ISSUES RELATING TO PATIENT CARE, EDUCATION AND RESEARCH. IN ADDITION TO CORRESPONDENCE, MAYO EXPRESSES ITS PERSPECTIVE ON POLICY ISSUES VIA EDITORIALS AND IN RESPONSES TO MEDIA INQUIRIES. ON OCCASION, MAYO'S POLICY PERSPECTIVE MAY BE INCLUDED IN THE SPEECH CONTENT OF MAYO LEADERS. THE MAJORITY OF EXPENSES RELATED TO LOBBYING ARE INCURRED BY MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH (MFMER), AN AFFILIATED SUPPORT ORGANIZATION OF MAYO CLINIC. IN 2024, THE EXPENSES ASSOCIATED WITH THE ABOVE LOBBYING ACTIVITIES ON BEHALF OF MAYO CLINIC (THE PARENT ORGANIZATION) WHICH ARE INCLUDED IN THIS FORM 990 ARE $1,350,850.
SCHEDULE C PART II-B LINE 1I THE AMOUNT IN OTHER ACTIVITIES REPRESENTS A PORTION OF PROFESSIONAL DUES ATTRIBUTABLE TO LOBBYING.
Schedule C (Form 990) 2024


Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year ......... 11  
2 Aggregate value of contributions to (during year) 1,151,136  
3 Aggregate value of grants from (during year) 479,184  
4 Aggregate value at end of year ........ 9,974,026  
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance .... 5,814,067,644 5,488,591,144 6,117,351,716 5,061,662,985 4,427,091,907
b Contributions ... 96,360,887 94,948,287 113,233,718 90,896,164 171,083,411
c Net investment earnings, gains, and losses 541,577,480 445,895,067 -545,428,302 1,143,091,782 647,792,722
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		264,321,671 215,366,854 196,565,988 178,299,215 184,305,055
f Administrative expenses ....          
g End of year balance ...... 6,187,684,340 5,814,067,644 5,488,591,144 6,117,351,716 5,061,662,985
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow45.130 %
b
Permanent endowment right arrow31.590 %
c
Term endowment right arrow23.280 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
No
(ii) Related organizations .................
3a(ii)
 
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....   125,987,088 125,987,088
b Buildings ....   2,237,057,232 1,349,915,009 887,142,223
c Leasehold improvements   80,842,594 52,131,770 28,710,824
d Equipment ....   1,658,775,140 1,267,808,103 390,967,037
e Other .....   264,676,586   264,676,586
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 1,697,483,758
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3) Other
(A) MAYO POOLED INVESTMENTS		 16,908,087,832 F

(B) QUALIFIED PENSION PLAN		 2,966,705,801 F
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow 19,874,793,633
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)right arrow  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)INVESTMENTS IN SUBSIDIARIES 169,860,257
(2)CONTRIBUTED ASSETS PENDING DISPOSAL 135,770,733
(3)ART 3,167,394
(4)TRUSTS 273,404,098
(5)DEFERRED INCOME TAX ASSET 19,521,960
(6)OTHER LONG TERM ASSETS 109,888,839
(7)ASSETS HELD FOR DISSOLUTION 304,064
(8)TECH BASED VENTURES 201,070,781
(9)BOND-RELATED TRUSTEE HELD INVEST 924,261
(10)DUE FROM AFFILIATES 901,131,260
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........right arrow 1,815,043,647
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
DUE TO AFFILIATES 3,811,231,575








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 3,811,231,575
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1.................. 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d.................... 2e  
3 Subtract line 2e from line 1................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b..................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART III, LINE 1A: MAYO CLINIC PERIODICALLY RECEIVES WORKS OF ART FROM VARIOUS BENEFACTORS. THESE ITEMS ARE UNIQUE IN NATURE AND ARE HELD ON DISPLAY FOR THE BENEFIT AND ENJOYMENT OF MAYO'S PATIENTS. IT IS MAYO'S POLICY TO NEITHER CAPITALIZE CONTRIBUTED WORKS OF ART, NOR RECORD THE RELATED CONTRIBUTION REVENUE. IN THE RARE OCCURRENCE THAT MAYO CLINIC COMMISSIONS ART; IT IS REFLECTED AS AN EXPENSE OR ON THE BALANCE SHEET.
PART III, LINE 4: MAYO'S FOUNDERS RECOGNIZED THAT CARING FOR THE WHOLE PATIENT EXTENDS BEYOND TREATING PHYSICAL AILMENTS. SINCE ITS INCEPTION, MAYO HAS USED ART, ARCHITECTURE AND BEAUTY IN SURROUNDINGS TO ADDRESS THE SPIRITUAL ASPECTS OF MEDICAL CARE. BENEFACTOR GIFTS FROM PATIENTS, FRIENDS, EMPLOYEES OR ALUMNI HELP MAYO SUPPORT THE ACQUISITION OF ART USED TO HUMANIZE THE MEDICAL ENVIRONMENT AND COMPLEMENT THE BELIEF THAT RESTORING THE MIND AND SPIRIT IS AN IMPORTANT PART OF MAKING THE BODY WELL. WORKS OF ART DISPLAYED ACROSS THE MAYO CAMPUS PROVIDE BEAUTY, PRESERVATION OF HERITAGE AND RESPECT FOR THE DIVERSITY OF PATIENTS, VISITORS AND STAFF.
PART V, LINE 4: THE ENDOWMENT FUNDS PROVIDE A STABLE FUNDING SOURCE FOR RESEARCH AND EDUCATION PROGRAMS.
PART X, LINE 2: PORTION OF INCOME TAX FOOTNOTE FROM MAYO CLINIC CONSOLIDATED AUDITED FINANCIAL STATEMENTS: MOST OF THE INCOME RECEIVED BY THE CLINIC AND ITS SUBSIDIARIES IS EXEMPT FROM TAXATION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. SOME OF ITS SUBSIDIARIES ARE TAXABLE ENTITIES, AND SOME OF THE INCOME RECEIVED BY OTHERWISE EXEMPT ENTITIES IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE CLINIC AND ITS SUBSIDIARIES FILE INCOME TAX RETURNS IN THE U.S., INCLUDING FEDERAL AND VARIOUS STATE RETURNS, AS WELL AS CERTAIN FOREIGN JURISDICTIONS. THE STATUTES OF LIMITATIONS FOR TAX YEARS 2021 THROUGH 2023 REMAIN OPEN IN MAJOR U.S. TAXING JURISDICTIONS IN WHICH THE CLINIC AND SUBSIDIARIES ARE SUBJECT TO TAXATION. THE INTERNAL REVENUE SERVICE (IRS) PERFORMED AN EXAMINATION OF THE TAX AND INFORMATION RETURNS OF THE CLINIC AND TWO SUBSIDIARIES AND ULTIMATELY ASSESSED $12 MILLION IN TAXES FOR YEARS 2003-2012. THE RESULTS OF THIS AUDIT WERE ULTIMATELY LITIGATED IN THE U.S. DISTRICT COURT. ON AUGUST 6, 2019, THE COURT ISSUED A SUMMARY JUDGMENT IN FAVOR OF THE CLINIC. THE IRS APPEALED THIS DECISION AND ON MAY 13, 2021, THE EIGHT CIRCUIT COURT OF APPEALS REVERSED THE SUMMARY JUDGMENT AND REMANDED THE CASE TO THE U.S. DISTRICT COURT FOR TRIAL. THE CASE WAS TRIED IN 2022 AND THE U.S. DISTRICT COURT ISSUED A JUDGEMENT IN FAVOR OF THE CLINIC ON DECEMBER 9, 2022. THE IRS DISAGREED WITH THIS RULING AND FILED AN APPEAL WITH THE EIGHTH CIRCUIT COURT OF APPEALS ON SEPTEMBER 1, 2023. ORAL ARGUMENTS WERE MADE BEFORE THE EIGHTH CIRCUIT COURT OF APPEALS ON OCTOBER 23, 2024, BUT THE COURT HAS NOT YET ISSUED ITS RULING. NO ADJUSTMENT HAS BEEN MADE TO UNRECOGNIZED TAX BENEFITS AS THE ISSUE HAS NOT BEEN DEFINITIVELY RESOLVED AT THIS TIME. THE CLINIC HAS INCREASED THE RESERVE FOR UNCERTAIN TAX POSITIONS BY $5 MILLION, INCLUDING INTEREST AND PENALTIES, DURING THE YEAR ENDED DECEMBER 31, 2024. AS OF DECEMBER 31, 2024 AND 2023, THE RESERVE TOTALED $14 MILLION AND $9 MILLION, RESPECTIVELY. IT IS NOT ANTICIPATED THAT A SIGNIFICANT CHANGE IN THE RESERVE WILL OCCUR OVER THE NEXT 12 MONTHS.
Schedule D (Form 990) (Rev. 1-2025)


Additional Data


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SCHEDULE E(Form 990)
(Rev. January 2025)


Department of the Treasury
Internal Revenue Service
Schools

Right pointing arrow large image Complete if the organization answered "Yes" on Form 990,
Part IV, line 13, or Form 990-EZ, Part VI, line 48.
Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
Right pointing arrow large image Go to www.irs.gov/Form990EZ for instructions and the latest information.
OMB No. 1545-0047Open to Public Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? . . . . . . . . . . . . . . . . . .
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy on its primary publicly accessible Internet homepage at
all times during its taxable year in a manner reasonably expected to be noticed by visitors to the homepage, or through
newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no
solicitation program, in a way that makes the policy known to all parts of the general community it serves? If "Yes," please
describe. If "No," please explain. If you need more space use Part II. . . . . . . . . . . . . . . . . . .
3
Yes
 
 
4
Does the organization maintain the following:
a
Records indicating the racial composition of the student body, faculty, and administrative staff? . . . . . . . . .
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . .
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . . . . . . .
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5a
 
No
b
Admissions policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5b
 
No
c
Employment of faculty or administrative staff? . . . . . . . . . . . . . . . . . . . . . . . . .
5c
 
No
d
Scholarships or other financial assistance? . . . . . . . . . . . . . . . . . . . . . . . . . .
5d
 
No
e
Educational policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5e
 
No
f
Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5f
 
No
g
Athletic programs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5g
 
No
h
Other extracurricular activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? . . . . . . . . . .
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? . . . . . . . . . . . . . . . .
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain in Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, as modified by Rev. Proc. 2019-22, 2019-22 I.R.B. 1260, covering racial nondiscrimination? If "No," explain in Part II. . . . . . . . . . . . . . . . . . . . . . . . . .
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50085D
Schedule E (Form 990) (Rev. 1-2025)
Schedule E (Form 990) (Rev. 1-2025)
Page 2
Part II
Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide
any other additional information. See instructions.
Return Reference Explanation
SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY OF THE MAYO CLINIC COLLEGE OF MEDICINE AND SCIENCE, WHICH DRAWS STUDENTS FROM ACROSS THE UNITED STATES AND AROUND THE WORLD, IS MADE AVAILABLE IN ALL OF ITS PUBLISHED DOCUMENTS AND WEBSITE TO ANY INTERESTED APPLICANTS.
SCHEDULE E, PART I, LINE 6 MAYO CLINIC COLLEGE OF MEDICINE AND SCIENCE/MAYO CLINIC RECEIVES FUNDS FROM THE STATE OF MINNESOTA FOR MAYO CLINIC ALIX SCHOOL OF MEDICINE STUDENTS WHO ARE RESIDENTS OF MINNESOTA. IN ADDITION, FEDERAL DIRECT STUDENT LOANS (SUBSIDIZED, UNSUBSIDIZED, PARENT PLUS AND GRADPLUS) ARE AVAILABLE FOR STUDENTS IN THE MAYO CLINIC ALIX SCHOOL OF MEDICINE, MAYO CLINIC GRADUATE SCHOOL OF BIOMEDICAL SCIENCES AND MAYO CLINIC SCHOOL OF HEALTH SCIENCES. FINALLY, QUALIFYING UNDERGRADUATE STUDENTS IN THE MAYO CLINIC SCHOOL OF HEALTH SCIENCES ARE ELIGIBLE FOR FUNDS FOR THE FEDERAL PELL GRANT PROGRAM.
Schedule E (Form 990) (Rev. 1-2025)
Additional Data


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SCHEDULE F(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right arrow Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right arrow Attach to Form 990.Right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the region (d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in the region		 (f) Total expenditures
for and investments
in the region
CENTRAL AMERICA AND THE CARIBBEAN 0 40 TRAVEL   32,529
EAST ASIA AND THE PACIFIC 0 112 TRAVEL   471,531
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 376 TRAVEL   963,825
MIDDLE EAST AND NORTH AFRICA 0 21 TRAVEL   84,474
NORTH AMERICA 0 151 TRAVEL   142,337
RUSSIA AND THE NEIGHBORING STATES 0 0 TRAVEL    
SOUTH AMERICA 0 45 TRAVEL   96,691
SOUTH ASIA 0 28 TRAVEL   89,717
SUB-SAHARAN AFRICA 0 16 TRAVEL   56,996
CENTRAL AMERICA AND THE CARIBBEAN 7 7 PROGRAM SERVICES ARRANGE APPOINTMENTS, TRAVEL, ETC 614,695
EAST ASIA AND THE PACIFIC 1 1 PROGRAM SERVICES ARRANGE APPOINTMENTS, TRAVEL, ETC 629,958
MIDDLE EAST AND NORTH AFRICA 1 1 PROGRAM SERVICES ARRANGE APPOINTMENTS, TRAVEL, ETC 217,283
NORTH AMERICA 2 2 PROGRAM SERVICES ARRANGE APPOINTMENTS, TRAVEL, ETC 60,302
SOUTH AMERICA 4 4 PROGRAM SERVICES ARRANGE APPOINTMENTS, TRAVEL, ETC 504,839
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES PATIENT CARE  
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES PATIENT CARE 34,732
MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES PATIENT CARE 322,952
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONSULTING  
NORTH AMERICA 0 2 PROGRAM SERVICES EDUCATION CONFERENCE - MAYO SPONSOR 263,063
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 1 PROGRAM SERVICES EDUCATION CONFERENCE - MAYO SPONSOR 8,493
EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS EXPENSE    
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS EXPENSE   16,220,474
CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS   1,166,050,044
EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS   1,171,736,829
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS   624,643,670
MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENTS   17,812,264
NORTH AMERICA 0 0 INVESTMENTS   44,923,738
RUSSIA AND THE NEIGHBORING STATES 0 0 INVESTMENTS    
SOUTH AMERICA 0 0 INVESTMENTS   10,116,654
SOUTH ASIA 0 0 INVESTMENTS   82,876,380
SUB-SAHARAN AFRICA 0 0 INVESTMENTS   13,336,364
  0 0      
  0 0      
  0 0      
  0 0      
3a Sub-total .... 0 773 1,881,104
b Total from continuation sheets to Part I ... 15 34 3,150,429,730
c Totals (add lines 3a and 3b) 15 807 3,152,310,834
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
EAST ASIA AND THE PACIFIC   25,000   0    
EAST ASIA AND THE PACIFIC   54,345   0    
EAST ASIA AND THE PACIFIC   54,467   0    
EAST ASIA AND THE PACIFIC   80,460   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   214,894   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   42,000   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   21,597   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   8,950   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   24,945   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   51,030   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   169,464   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   267,440   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   81,431   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   11,962   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   20,000   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   104,451   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   39,133   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   93,975   0    
EUROPE (INCLUDING ICELAND & GREENLAND)   67,461   0    
MIDDLE EAST AND NORTH AFRICA   6,049   0    
NORTH AMERICA   67,371   0    
NORTH AMERICA   60,480   0    
NORTH AMERICA   58,484   0    
NORTH AMERICA   28,369   0    
NORTH AMERICA   236,509   0    
NORTH AMERICA   60,199   0    
NORTH AMERICA   11,358   0    
SUB-SAHARAN AFRICA   149,580   0    
SUB-SAHARAN AFRICA   38,051   0    
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
0
3 Enter total number of other organizations or entities .......................MediumBullet
30
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.
ReturnReference Explanation
PART I, LINE 2: FEDERAL AWARDS THAT ARE SUBCONTRACTED TO OTHER ORGANIZATIONS ARE REGULARLY MONITORED BY THE FILING ORGANIZATION FOR COMPLIANCE WITH EITHER THE FEDERAL REGULATIONS AND/OR THE CONTRACT PROVISIONS. SEE ALSO SCHEDULE I, PART IV FOR ADDITIONAL INFORMATION ON MAYO CLINIC'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS AS THE SAME PROCEDURES APPLY TO DOMESTIC AND FOREIGN GRANTS. GENERAL INFORMATION ON ACTIVITIES OUTSIDE THE UNITED STATES IS REPORTED BASED ON WHERE PAYMENTS WERE REMITTED. OUR CURRENT REPORTING SYSTEM DOES NOT TRACK ACTIVITIES OUTSIDE THE UNITED STATES BY LOCATION OF SERVICE.
PART I, LINE 3: ACCRUAL METHOD
PART IV - FILING OF CERTAIN FOREIGN FORMS DISCLOSURE STATEMENT RELATED TO FORMS 5713: FOR TAX YEAR 2024, FORM 5713 HAS BEEN FILED BY THE FOLLOWING MEMBERS OF THE CONTROLLED GROUP: MAYO CLINIC (EIN: 41-6011702) MAYO COLLABORATIVE SERVICES, INC (EIN: 41-1346366) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH (EIN: 41-1506440) MAYO CLINIC JACKSONVILLE (EIN: 59-3337028) MAYO CLINIC ARIZONA (EIN: 86-0800150) DISCLOSURE STATEMENT RELATED TO FORMS 5471: UNDER THE CONSTRUCTIVE OWNERSHIP RULES OF IRC SECTIONS 958(A) AND (B), THE TAXPAYER IS REQUIRED TO FILE FORMS 5471, INFORMATION RETURN OF U.S. PERSONS WITH RESPECT TO CERTAIN FOREIGN CORPORATIONS, AS A CATEGORY 4 AND 5 FILER WITH RESPECT TO THE CONTROLLED FOREIGN CORPORATIONS (CFCS). THESE FILING REQUIREMENTS ARE OR WILL BE SATISFIED THROUGH THE FILING OF FORMS 5471 FOR THESE CFCS BY OTHER U.S. TAXPAYERS IDENTIFIED BELOW WHO HAVE THE SAME FILING REQUIREMENT. TAXPAYER NAME: MAYO CLINIC ADDRESS: 200 FIRST STREET SW, ROCHESTER, MN 55905 ID NUMBER OF U.S. TAX RETURN WITH FORMS 5471 WAS FILED: 41-6011702 IRS SERVICE CENTER WHERE U.S. TAX RETURN WAS OR WILL BE FILED: OGDEN, UT TAXPAYER NAME: MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH ADDRESS: 200 FIRST STREET SW, ROCHESTER, MN 55905 ID NUMBER OF U.S. TAX RETURN WITH FORMS 5471 WAS FILED: 41-1506440 IRS SERVICE CENTER WHERE U.S. TAX RETURN WAS OR WILL BE FILED: OGDEN, UT DISCLOSURE STATEMENT RELATED TO FORMS 8865: UNDER THE CONSTRUCTIVE OWNERSHIP RULES OF IRC SECTIONS 958(A) AND (B), THE TAXPAYER IS REQUIRED TO FILE FORMS 8865, INFORMATION RETURN OF U.S. PERSONS WITH RESPECT TO CERTAIN FOREIGN PARTNERSHIPS (CFPS), AS A CATEGORY 2 AND 3 FILER. THESE FILING REQUIREMENTS ARE OR WILL BE SATISIFIED THROUGH THE FILING OF FORMS 8865 FOR THESE PARTNERSHIPS BY OTHER U.S. TAXPAYERS IDENTIFIED BELOW WHO HAVE THE SAME FILING REQUIREMENT. TAXPAYER NAME: MAYO CLINIC ADDRESS: 200 FIRST STREET SW, ROCHESTER, MN 55905 ID NUMBER OF U.S. TAX RETURN WITH FORMS 5471 WAS FILED: 41-6011702 IRS SERVICE CENTER WHERE U.S. TAX RETURN WAS OR WILL BE FILED: OGDEN, UT
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) (Rev. 1-2025)
Additional Data


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SCHEDULE G (Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrowAttach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Part I
Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.
Form 990-EZ filers are not required to complete this part.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.


(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
 
THE STELTER COMPANY
10435 NEW YORK AVE
 
DES MOINES, IA50322 		DIRECT MAIL SERVICES   No 0 110,225 0
 
MARKETEAM
600 NORTHPARK TOWN CENTER SUITE 40
 
ATLANTA, GA30328 		CONSULTING   No 0 1,140,000 0
             
             
             
             
             
             
             
             
Total . . . . . . . . . . . . . . . . . . . . right arrow   1,250,225  
3
List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.




VerticalRevenue
(a) Event #1

 
(event type) 		(b) Event #2

 
(event type) 		(c) Other events

 
(total number) 		(d) Total events
(add col. (a) through col. (c))

1
Gross receipts . . . . .
 
 
 
 

2
Less: Contributions . . . .
 
 
 
 
3 Gross income (line 1 minus
line 2) . . . . . .
 
 
 
 



VerticalDirectExpenses
4 Cash prizes . . . . .        
5 Noncash prizes . . . .        
6 Rent/facility costs . . . .        
7 Food and beverages . . .        
8 Entertainment . . . .        
9 Other direct expenses . . .        
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow  
11 Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . . right arrow  
Part III
Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue
(a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))

1
Gross revenue . . . . .
 
 
 
 
VerticalDirectExpenses

2
Cash prizes . . . . .
 
 
 
 

3
Noncash prizes . . . .
 
 
 
 

4
Rent/facility costs . . . .
 
 
 
 

5
Other direct expenses . . .
 
 
 
 


6

Volunteer labor . . . .
%
%
%


7
Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow
 

8
Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow
 

9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .
YesNo
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .
YesNo
b
If "Yes," explain:
 
Schedule G (Form 990) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
Page 3
11
Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .
YesNo
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? . . . . . . . . . . . . . . . . .
YesNo
13
Indicate the percentage of gaming activity conducted in:
a
The organization's facility . . . . . . . . . . . . . . . . . .
13a
%
b
An outside facility . . . . . . . . . . . . . . . . . . . .
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? . . . . . . . . . . . . . . . . . . . . . . . .
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? . . . . . . . . . . . . . . . . . . .
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.
Return Reference Explanation
SCHEDULE G, PART I, LINE 2B, COLUMN (V) ORGANIZATIONS THAT PROVIDE CONSULTATIONS ON LEGAL ISSUES DO NOT SOLICIT IN THE STATE OF MINNESOTA.
Schedule G (Form 990) (Rev. 1-2025)
Additional Data


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Schedule I
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number
41-6011702
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) MAYO CLINIC JACKSONVILLE
4500 SAN PABLO ROAD
JACKSONVILLE,FL32224 		59-3337028 501(C)(3) 120,250,322 0     SUPPORT CHARITABLE PROGRAMS
(2) MCHS--SOUTHWEST MINNESOTA REGION
1025 MARSH STREET
MANKATO,MN56001 		41-1236756 501(C)(3) 118,423,244 0     SUPPORT CHARITABLE PROGRAMS
(3) MCHS--SOUTHWEST WISCONSIN REGION INC
700 WEST AVE SOUTH
LA CROSSE,WI54601 		39-0806374 501(C)(3) 95,970,322 0     SUPPORT CHARITABLE PROGRAMS
(4) MAYO CLINIC ARIZONA
13400 EAST SHEA BOULEVARD
SCOTTSDALE,AZ85259 		86-0800150 501(C)(3) 97,499,392 0     SUPPORT CHARITABLE PROGRAMS
(5) MCHS--SOUTHEAST MINNESOTA REGION
1000 FIRST DRIVE NW
AUSTIN,MN55912 		41-1404075 501(C)(3) 28,352,119 0     SUPPORT CHARITABLE PROGRAMS
(6) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
200 FIRST STREET SW
ROCHESTER,MN55905 		41-1506440 501(C)(3) 65,126,108 0     SUPPORT CHARITABLE PROGRAMS
(7) UNIVERSITY OF CALIFORNIA SAN FRANCISCO
220 MONTGOMERY ST FL 5
SAN FRANCISCO,CA94104 		94-6036493 STATE OF CA 3,185,286 0     SUPPORT RESEARCH PROGRAM
(8) MAYO CLINIC FLORIDA
4500 SAN PABLO ROAD
JACKSONVILLE,FL32224 		59-0714831 501(C)(3) 4,570,352 0     SUPPORT CHARITABLE PROGRAMS
(9) REGENTS OF THE UNIVERSITY OF MINNESOTA
1300 S 2ND ST STE 206
MINNEAPOLIS,MN55454 		41-6007513 STATE OF MN 2,123,485 0     SUPPORT RESEARCH PROGRAM
(10) INDIANA UNIVERSITY
1001 E THIRD STREET
BLOOMINGTON,IN47405 		35-6001673 STATE OF IN 1,589,992 0     SUPPORT RESEARCH PROGRAM
(11) UNIVERSITY OF MISSISSIPPI MEDICAL CENTER HOSPITAL
2500 NORTH STATE STREET
JACKSON,MS39216 		64-6008520 STATE OF MS 1,327,890 0     SUPPORT RESEARCH PROGRAM
(12) TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
3451 WALNUT STREET SUITE 305
PHILADELPHIA,PA19104 		23-1352685 501(C)(3) 969,064 0     SUPPORT CHARITABLE PROGRAMS
(13) THE UNIVERSITY OF TEXAS M D ANDERSON CANCER CENTER
1515 HOLCOMBE BOULEVARD
HOUSTON,TX77030 		74-6001118 STATE OF TX 936,053 0     SUPPORT RESEARCH PROGRAM
(14) EMORY UNIVERSITY
1599 CLIFTON ROAD 3RD FLOOR 3101
ATLANTA,GA30322 		58-0566256 501(C)(3) 927,650 0     SUPPORT CHARITABLE PROGRAMS
(15) THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
615 WEST 131ST STREET MC 8741
NEW YORK,NY10027 		13-5598093 501(C)(3) 919,509 0     SUPPORT CHARITABLE PROGRAMS
(16) WASHINGTON UNIVERSITY
700 ROSEDALE AVENUE CB 1034
SAINT LOUIS,MO63112 		43-0653611 501(C)(3) 751,358 0     SUPPORT CHARITABLE PROGRAMS
(17) DUKE UNIVERSITY
324 BLACKWELL ST WASHIN BLDG NO 850
DURHAM,NC27701 		56-0532129 501(C)(3) 705,425 0     SUPPORT CHARITABLE PROGRAMS
(18) MAYO CLINIC HOSPITAL-- ROCHESTER
200 FIRST STREET SW
ROCHESTER,MN55905 		41-0944601 501(C)(3) 2,547,278 0     SUPPORT CHARITABLE PROGRAMS
(19) THE OHIO STATE UNIVERSITY
1960 KENNY RD
COLUMBUS,OH43210 		31-6025986 STATE OF OH 687,261 0     SUPPORT RESEARCH PROGRAM
(20) THE GENERAL HOSPITAL CORPORATION
399 REVOLUTION DRIVE NO 645
SOMERVILLE,MA02145 		04-2697983 501(C)(3) 654,032 0     SUPPORT CHARITABLE PROGRAMS
(21) UNIVERSITY OF FLORIDA
207 GRINTER HALL
GAINESVILLE,FL32611 		59-6002052 STATE OF FL 593,366 0     SUPPORT RESEARCH PROGRAM
(22) JOHNS HOPKINS UNIVERSITY
3910 KESWICK ROAD NO N4327B
BALTIMORE,MD21211 		52-0595110 501(C)(3) 588,936 0     SUPPORT CHARITABLE PROGRAMS
(23) VANDERBILT UNIVERSITY
PMB 406310 2301 VANDERBILT PLACE
NASHVILLE,TN37240 		62-0476822 501(C)(3) 585,515 0     SUPPORT CHARITABLE PROGRAMS
(24) THE UNIVERSITY OF IOWA
105 JESSUP HALL
IOWA CITY,IA52242 		42-6004813 STATE OF IA 555,768 0     SUPPORT RESEARCH PROGRAM
(25) UNIVERSITY OF CALIFORNIA LOS ANGELES
10889 WILSHIRE BOULEVARD STE 700
LOS ANGELES,CA90095 		95-6006143 STATE OF CA 542,844 0     SUPPORT RESEARCH PROGRAM
(26) TEXAS A&M UNIVERSITY
400 HARVEY MITCHELL PKY S STE 300
COLLEGE STATION,TX77845 		74-6000531 STATE OF TX 516,334 0     SUPPORT RESEARCH PROGRAM
(27) UNIVERSITY OF WASHINGTON
4333 BROOKLYN AVE NE
SEATTLE,WA98195 		91-6001537 STATE OF WA 507,094 0     SUPPORT RESEARCH PROGRAM
(28) REGENTS OF THE UNIVERSITY OF MICHIGAN
503 THOMPSON ST
ANN ARBOR,MI48109 		38-6006309 STATE OF MI 506,907 0     SUPPORT RESEARCH PROGRAM
(29) UNIVERSITY OF ALABAMA AT BIRMINGHAM
701 S 20TH ST
BIRMINGHAM,AL35294 		63-6005396 STATE OF AL 480,087 0     SUPPORT RESEARCH PROGRAM
(30) YALE UNIVERSITY
PO BOX 208239
NEW HAVEN,CT06520 		06-0646973 501(C)(3) 449,293 0     SUPPORT CHARITABLE PROGRAMS
(31) UNITED WAY OF OLMSTED COUNTY INC
903 WEST CENTER STREET NO 100
ROCHESTER,MN55902 		41-0695594 501(C)(3) 438,800 0     SUPPORT CHARITABLE PROGRAMS
(32) HENNEPIN HEALTHCARE RESEARCH INSTITUTE
701 PARK AVENUE
MINNEAPOLIS,MN55415 		41-1677920 501(C)(3) 410,449 0     SUPPORT CHARITABLE PROGRAMS
(33) UNIVERSITY OF MARYLAND
620 W LEXINGTON STREET
BALTIMORE,MD21201 		52-6002033 STATE OF MD 398,746 0     SUPPORT RESEARCH PROGRAM
(34) UNIVERSITY OF MIAMI
PO BOX 248106
CORAL GABLES,FL33124 		59-0624458 501(C)(3) 396,809 0     SUPPORT CHARITABLE PROGRAMS
(35) WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY
1300 YORK AVENUE
NEW YORK,NY10065 		13-1623978 501(C)(3) 392,469 0     SUPPORT CHARITABLE PURPOSE
(36) MAINEHEALTH
22 BRAMHALL STREET
PORTLAND,ME04102 		01-0238552 501(C)(3) 359,325 0     SUPPORT CHARITABLE PROGRAMS
(37) RINCON RESEARCH CORPORATION
101 N WILMONT RD
TUCSON,AZ85711 		86-0465180 - 354,586 0     SUPPORT RESEARCH PROGRAM
(38) CARNEGIE MELLON UNIVERSITY
5000 FORBES AVENUE
PITTSBURGH,PA15213 		25-0969449 501(C)(3) 351,857 0     SUPPORT RESEARCH PROGRAM
(39) THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT SAN ANTONIO
7703 FLOYD CURL DR
SAN ANTONIO,TX78229 		74-1586031 STATE OF TX 327,412 0     SUPPORT RESEARCH PROGRAM
(40) ARIZONA STATE UNIVERSITY
PO BOX 875812
TEMPE,AZ85287 		86-0196696 STATE OF AZ 312,604 0     SUPPORT RESEARCH PROGRAM
(41) WASHINGTON STATE UNIVERSITY
240 FRENCH ADMINISTRATION BLDG
PULLMAN,WA99164 		91-6001108 STATE OF WA 312,570 0     SUPPORT RESEARCH PROGRAM
(42) THE METHODIST HOSPITAL RESEARCH INSTITUTE
6565 FANNIN ST
HOUSTON,TX77030 		87-0721923 501(C)(3) 312,401 0     SUPPORT CHARITABLE PURPOSE
(43) THE REGENTS OF THE UNIVERSITY OF COLORADO
3100 MARINE ST RM 479 572 UCB
BOULDER,CO80303 		84-6000555 STATE OF CO 299,990 0     SUPPORT RESEARCH PROGRAM
(44) THOUGHT LEADERSHIP & INNOVATION FOUNDATION
1750 TYSONS BOULEVARD NO 1500
MCLEAN,VA22102 		45-3090698 501(C)(3) 279,793 0     SUPPORT CHARITABLE PROGRAMS
(45) RESEARCH TRIANGLE INSTITUTE
PO BOX 12194
RESEARCH TRIANGLE PARK,NC27709 		56-0686338 501(C)(3) 278,828 0     SUPPORT RESEARCH PROGRAM
(46) ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
ONE GUSTAVE L LEVY PLACE
NEW YORK,NY10029 		13-6171197 501(C)(3) 277,826 0     SUPPORT CHARITABLE PROGRAMS
(47) HEALTHPARTNERS INSTITUTE
8170 33RD AVENUE SOUTH
MINNEAPOLIS,MN55440 		41-1670163 501(C)(3) 267,045 0     SUPPORT CHARITABLE PROGRAMS
(48) DANA-FARBER CANCER INSTITUTE INC
450 BROOKLINE AVENUE BP418
BOSTON,MA02215 		04-2263040 501(C)(3) 257,526 0     SUPPORT CHARITABLE PROGRAMS
(49) UNIVERSITY OF CALIFORNIA SAN DIEGO
9500 GILMAN DRIVE
LA JOLLA,CA92093 		95-6006144 STATE OF CA 254,224 0     SUPPORT RESEARCH PROGRAM
(50) THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT HOUSTON
PO BOX 301418
DALLAS,TX75303 		74-1761309 STATE OF TX 248,188 0     SUPPORT RESEARCH PROGRAM
(51) MCHS--NORTHWEST WISCONSIN REGION INC
1221 WHIPPLE STREET
EAU CLAIRE,WI54703 		39-0813418 501(C)(3) 226,717 0     SUPPORT CHARITABLE PROGRAMS
(52) THE FTD DISORDERS REGISTRY LLC
2700 HORIZON DRIVE
KING OF PRUSSIA,PA19406 		47-3601782 501(C)(3) 223,330 0     SUPPORT CHARITABLE PROGRAMS
(53) WAKE FOREST UNIVERSITY HEALTH SCIENCES
MEDICAL CENTER BLVD
WINSTON SALEM,NC27157 		22-3849199 501(C)(3) 220,730 0     SUPPORT CHARITABLE PROGRAMS
(54) ENLISENSE LLC
1813 AUDBUDON POND WAY
ALLEN,TX75013 		47-2651765 - 215,594 0     SUPPORT RESEARCH PROGRAM
(55) AUGUSTA UNIVERSITY RESEARCH INSTITUTE INC
1120 15TH STREET
AUGUSTA,GA30912 		58-1418202 501(C)(3) 205,017 0     SUPPORT RESEARCH PROGRAM
(56) H LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE INC
12902 MAGNOLIA DRIVE
TAMPA,FL33612 		59-2451713 501(C)(3) 202,544 0     SUPPORT CHARITABLE PROGRAMS
(57) UNIVERSITY OF NOTRE DAME DU LAC
CONTROLLERS OFFICE 724 GRACE HALL
NOTRE DAME,IN46556 		35-0868188 501(C)(3) 201,321 0     SUPPORT CHARITABLE PROGRAMS
(58) UNIVERSITY OF SOUTHERN CALIFORNIA
UNIVERSITY GARDENS UGB203
LOS ANGELES,CA90089 		95-1642394 501(C)(3) 200,004 0     SUPPORT CHARITABLE PROGRAMS
(59) UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
103 SOUTH BUILDING CAMPUS BOX 9100
CHAPEL HILL,NC27599 		56-6001393 STATE OF NC 199,742 0     SUPPORT RESEARCH PROGRAM
(60) THE CHILDREN'S HOSPITAL OF PHILADELPHIA
3401 CIVIC CENTER BOULEVARD
PHILADELPHIA,PA19104 		23-1352166 501(C)(3) 189,706 0     SUPPORT CHARITABLE PROGRAMS
(61) JEREMIAH PROGRAM
615 FIRST AVENUE NE NO 210
MINNEAPOLIS,MN55413 		41-1801834 501(C)(3) 186,400 0     SUPPORT CHARITABLE PROGRAMS
(62) SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSTITUTE
10901 NORTH TORREY PINES ROAD
LA JOLLA,CA92037 		51-0197108 501(C)(3) 179,180 0     SUPPORT CHARITABLE PROGRAMS
(63) THE BRIGHAM AND WOMEN'S HOSPITAL INC
339 REVOLUTION DRIVE NO 645
SOMERVILLE,MA02145 		04-2312909 501(C)(3) 178,042 0     SUPPORT CHARITABLE PROGRAMS
(64) THE MEDICAL UNIVERSITY OF SOUTH CAROLINA
179 ASHLEY AVE
CHARLESTON,SC29425 		57-6000722 STATE OF SC 177,673 0     SUPPORT RESEARCH PROGRAM
(65) SLOAN-KETTERING INSTITUTE FOR CANCER RESEARCH
1275 YORK AVENUE
NEW YORK,NY10065 		13-1624182 501(C)(3) 171,157 0     SUPPORT CHARITABLE PURPOSE
(66) THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS
506 S WRIGHT ST RM 209
URBANA,IL61801 		37-6000511 STATE OF IL 169,303 0     SUPPORT RESEARCH PROGRAM
(67) MOUNTAIN PARK HEALTH CENTER
3003 NORTH CENTRAL AVENUE SUITE 160
PHOENIX,AZ85012 		86-0498020 501(C)(3) 162,949 0     SUPPORT CHARITABLE PROGRAMS
(68) CASE WESTERN RESERVE UNIVERSITY
10900 EUCLID AVENUE
CLEVELAND,OH44106 		34-1018992 501(C)(3) 161,886 0     SUPPORT CHARITABLE PROGRAMS
(69) DOCS RECOVERY HOUSE
1821 RESTORATION DR SW
ROCHESTER,MN55902 		81-2012220 501(C)(3) 155,400 0     SUPPORT CHARITABLE PROGRAMS
(70) LEGAL ASSISTANCE OF OLMSTED COUNTY
1700 NORTH BROADWAY NE RM/STE 124
ROCHESTER,MN55906 		41-0992471 501(C)(3) 154,700 0     SUPPORT CHARITABLE PROGRAMS
(71) NORTH CAROLINA STATE UNIVERSITY
2601 WOLF VILLAGE WAY SUITE 240
RALEIGH,NC27695 		56-6000756 STATE OF NC 150,831 0     SUPPORT RESEARCH PROGRAM
(72) CATHOLIC CHARITIES OF THE DIOCESE OF WINONA-ROCHESTER
111 MARKET STREET NO 2
WINONA,MN55987 		41-0721636 501(C)(3) 150,000 0     SUPPORT CHARITABLE PROGRAMS
(73) PORTLAND STATE UNIVERSITY
PO BOX 751
PORTLAND,OR97207 		36-4776757 STATE OF OR 150,000 0     SUPPORT RESEARCH PROGRAM
(74) THE SALVATION ARMY NORTHERN DIVISION
2445 PRIOR AVENUE NORTH
ROSEVILLE,MN55113 		41-0698597 501(C)(3) 146,884 0     SUPPORT CHARITABLE PROGRAMS
(75) GEORGE MASON UNIVERSITY
4400 UNIVERSITY DRIVE
FAIRFAX,VA22030 		54-0836354 STATE OF VA 143,909 0     SUPPORT RESEARCH PROGRAM
(76) RESEARCH INSTITUTE AT NATIONWIDE CHILDRENS HOSPITAL
700 CHILDRENS DRIVE
COLUMBUS,OH43205 		31-6056230 501(C)(3) 141,042 0     SUPPORT RESEARCH PROGRAM
(77) UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER
1100 N LINDSAY AVE
OKLAHOMA CITY,OK73104 		73-1563627 STATE OF OK 140,178 0     SUPPORT RESEARCH PROGRAM
(78) CHANNEL ONE INC
131 35TH STREET SE
ROCHESTER,MN55904 		41-1379713 501(C)(3) 136,600 0     SUPPORT CHARITABLE PURPOSE
(79) RONALD MCDONALD HOUSE OF ROCHESTER MINNESOTA INC
850 2ND ST SW
ROCHESTER,MN55902 		41-1344744 501(C)(3) 131,800 0     SUPPORT CHARITABLE PROGRAMS
(80) UNIVERSITY OF ROCHESTER
BOX 278893
ROCHESTER,NY14627 		16-0743209 501(C)(3) 129,670 0     SUPPORT CHARITABLE PROGRAMS
(81) CHILDREN'S HOSPITAL CORPORATION
300 LONGWOOD AVENUE
BOSTON,MA02115 		04-2774441 501(C)(3) 129,211 0     SUPPORT CHARITABLE PROGRAMS
(82) VANDERBILT UNIVERSITY MEDICAL CENTER
1161 21ST AVE S SUITE D3300 MCN
NASHVILLE,TN37232 		35-2528741 501(C)(3) 123,760 0     SUPPORT CHARITABLE PROGRAMS
(83) UNIVERSITY OF MISSOURI SYSTEM
115 BUSINESS LOOP 70 WEST
COLUMBIA,MO65211 		43-6003859 STATE OF MO 122,870 0     SUPPORT RESEARCH PROGRAM
(84) CHARTERHOUSE INC
200 FIRST STREET SW
ROCHESTER,MN55905 		41-1405254 501(C)(3) 109,475 0     SUPPORT CHARITABLE PROGRAMS
(85) UNIVERSITY OF CHICAGO
6054 S DREXEL AVENUE
CHICAGO,IL60637 		36-2177139 501(C)(3) 119,363 0     SUPPORT CHARITABLE PROGRAMS
(86) NORTHWESTERN UNIVERSITY
633 CLARK ST
EVANSTON,IL60208 		36-2167817 501(C)(3) 117,282 0     SUPPORT CHARITABLE PROGRAMS
(87) ROCHESTER AREA FOUNDATION
12 ELTON HILLS DRIVE NW
ROCHESTER,MN55901 		41-6017740 501(C)(3) 112,400 0     SUPPORT CHARITABLE PROGRAMS
(88) ALASKA NATIVE TRIBAL HEALTH CONSORTIUM
4000 AMBASSADOR DRIVE
ANCHORAGE,AK99508 		92-0162721 501(C)(3) 112,066 0     SUPPORT CHARITABLE PROGRAMS
(89) THE LUNDQUIST INSTITUTE
1124 W CARSON ST MRL BLDG
TORRANCE,CA90502 		95-2138184 501(C)(3) 110,947 0     SUPPORT CHARITABLE PROGRAMS
(90) BOYS AND GIRLS CLUB OF ROCHESTER
1026 EAST CENTER STREET
ROCHESTER,MN55904 		41-1945875 501(C)(3) 110,400 0     SUPPORT CHARITABLE PROGRAMS
(91) THE LANDING MN INC
718 22ND STREET NE
ROCHESTER,MN55906 		83-2953783 501(C)(3) 110,000 0     SUPPORT CHARITABLE PURPOSE
(92) MCHS--FAIRMONT
800 MEDICAL CENTER DRIVE PO BOX 800
FAIRMONT,MN56031 		41-0760836 501(C)(3) 87,320 0     SUPPORT CHARITABLE PROGRAMS
(93) MASSACHUSETTS GENERAL PHYSICIANS ORGANIZATION INC
399 REVOLUTION DRIVE NO 645
SOMERVILLE,MA02145 		04-2807148 501(C)(3) 106,500 0     SUPPORT RESEARCH PROGRAM
(94) SOUTHERN MINNESOTA INITIATIVE FOUNDATION
525 FLORENCE AVE
OWATONNA,MN55060 		36-3454285 501(C)(3) 105,500 0     SUPPORT CHARITABLE PURPOSE
(95) AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS
9400 W HIGGINS ROAD NO 500
ROSEMONT,IL60018 		36-2110592 501(C)(3) 104,950 0     SUPPORT CHARITABLE PROGRAMS
(96) CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY
1000 BLYTHE BLDV
CHARLOTTE,NC28203 		56-0529945 STATE OF NC 103,464 0     SUPPORT RESEARCH PROGRAM
(97) COMMUNITY HEALTH SERVICES INC
2310 4TH AVE N
MOORHEAD,MN56560 		41-1000060 501(C)(3) 100,000 0     SUPPORT CHARITABLE PROGRAMS
(98) BEAR CREEK SERVICES INC
3108 HIGHWAY 52 N
ROCHESTER,MN55901 		41-1390671 501(C)(3) 100,000 0     SUPPORT CHARITABLE PURPOSE
(99) CHILDRENS MUSEUM OF ROCHESTER INC
1201 12TH ST SW 632
ROCHESTER,MN55902 		84-2749957 501(C)(3) 98,200 0     SUPPORT CHARITABLE PROGRAMS
(100) CITY OF ROCHESTER
201 4TH STREET SE
ROCHESTER,MN55904 		41-6005494 CITY OF ROCHESTER 97,380 0     SUPPORT RESEARCH PROGRAM
(101) UNIVERSITY OF PITTSBURGH
116 ATWOOD STREET SUITE 201
PITTSBURGH,PA15260 		25-0965591 501(C)(3) 95,837 0     SUPPORT CHARITABLE PROGRAMS
(102) FIBROID FOUNDATION
1201 SEVEN LOCKS RD 360
ROCKVILLE,MD20854 		46-3472114 501(C)(3) 94,604 0     SUPPORT CHARITABLE PURPOSE
(103) VIRGINIA HOSPITAL CENTER
1701 N GEORGE MASON DR
ARLINGTON,VA22205 		87-0807407 - 92,497 0     SUPPORT RESEARCH PROGRAM
(104) THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER AT DALLAS
5323 HARRY HINES BLVD
DALLAS,TX75390 		75-6002868 STATE OF TX 91,029 0     SUPPORT RESEARCH PROGRAM
(105) BRIGHAM YOUNG UNIVERSITY
A-153 ASB
PROVO,UT84602 		87-0217280 501(C)(3) 85,620 0     SUPPORT RESEARCH PROGRAM
(106) BAYLOR COLLEGE OF MEDICINE
ONE BAYLOR PLAZA BCM 200
HOUSTON,TX77030 		74-1613878 501(C)(3) 85,222 0     SUPPORT CHARITABLE PROGRAMS
(107) MCHS--LAKE CITY
500 WEST GRANT STREET
LAKE CITY,MN55041 		41-1906820 501(C)(3) 85,329 0     SUPPORT CHARITABLE PROGRAMS
(108) CRAIG AND FRANCES LINDNER CENTER OF HOPE
4075 OLD WESTERN ROW ROAD
MASON,OH45040 		13-4343743 501(C)(3) 80,966 0     SUPPORT CHARITABLE PROGRAMS
(109) REGENTS OF THE UNIVERSITY OF CALIFORNIA
1156 HIGH ST
SANTA CRUZ,CA95064 		94-1539563 STATE OF CA 79,174 0     SUPPORT RESEARCH PROGRAM
(110) ARIZONA BOARD OF REGENTS UNIVERSITY OF ARIZONA
888 NORTH EUCLID AVENUE ROOM 510
TUCSON,AZ85719 		74-2652689 STATE OF AZ 79,152 0     SUPPORT RESEARCH PROGRAM
(111) SERSENSE INC
204 4TH STREET SW
ROCHESTER,MN55902 		46-4087935 - 79,089 0     SUPPORT RESEARCH PROGRAM
(112) FAMILY PROMISE ROCHESTER
913 1ST STREET NW
ROCHESTER,MN55901 		41-1953191 501(C)(3) 76,500 0     SUPPORT CHARITABLE PURPOSE
(113) FAMILY SERVICE ROCHESTER INC
4600 18TH AVE NW
ROCHESTER,MN55901 		41-0883453 501(C)(3) 75,800 0     SUPPORT CHARITABLE PURPOSE
(114) WOMEN'S SHELTER INC
PO BOX 457
ROCHESTER,MN55903 		41-1316614 501(C)(3) 75,400 0     SUPPORT CHARITABLE PROGRAMS
(115) NAMI SOUTHEAST MINNESOTA
1700 BROADWAY AVE N SUITE 104
ROCHESTER,MN55906 		36-3504277 501(C)(3) 75,000 0     SUPPORT CHARITABLE PROGRAMS
(116) HEMOPHILIA FOUNDATION OF MINNESOTA DAKOTAS INC
750 SOUTH PLAZA DRIVE NO 207
MENDOTA HEIGHTS,MN55120 		41-6032276 501(C)(3) 75,000 0     SUPPORT CHARITABLE PROGRAMS
(117) THE ROCKEFELLER UNIVERSITY
1230 YORK AVENUE
NEW YORK,NY10065 		13-1624158 501(C)(3) 75,000 0     SUPPORT CHARITABLE PROGRAMS
(118) TRUSTEES OF BOSTON UNIVERSITY
881 COMMONWEALTH AVENUE
BOSTON,MA02215 		04-2103547 501(C)(3) 74,024 0     SUPPORT CHARITABLE PROGRAMS
(119) INTERCULTURAL MUTUAL ASSISTANCE ASSOCIATION OF SEMN
2500 VALLEYHIGH DRIVE NW
ROCHESTER,MN55901 		41-1497753 501(C)(3) 73,386 0     SUPPORT CHARITABLE PROGRAMS
(120) THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY
485 BROADWAY MAIL CODE 8838
REDWOOD CITY,CA94063 		94-1156365 501(C)(3) 72,897 0     SUPPORT CHARITABLE PROGRAMS
(121) SOFIE BIOSCIENCES INC
21000 ATLANTIC BLVD STE 730
DULLES,VA20166 		26-4178048 - 69,000 0     SUPPORT RESEARCH PROGRAM
(122) WELLSTAR HEALTH SYSTEM INC
793 SAWYER ROAD
MARIETTA,GA30062 		58-1649541 501(C)(3) 68,130 0     SUPPORT CHARITABLE PROGRAMS
(123) THE PENNSYLVANIA STATE UNIVERSITY
500 UNIVERSITY DRIVE PO BOX 850
HERSHEY,PA17033 		24-6000376 STATE OF PA 67,192 0     SUPPORT RESEARCH PROGRAM
(124) UNIVERSITY OF UTAH
201 PRESIDENTS CIRCLE RM 411
SALT LAKE CITY,UT84112 		87-6000525 STATE OF UT 65,451 0     SUPPORT RESEARCH PROGRAM
(125) THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA
1001 N EMMET STREET
CHARLOTTESVILLE,VA22903 		54-6001796 STATE OF VA 60,194 0     SUPPORT RESEARCH PROGRAM
(126) ROCHESTER ART CENTER
40 CIVIC CENTER DR SE
ROCHESTER,MN55904 		41-0799310 501(C)(3) 60,000 0     SUPPORT CHARITABLE PURPOSE
(127) ELDER NETWORK
1130 1/2 7TH ST NW SUITE 205
ROCHESTER,MN55901 		41-1704390 501(C)(3) 60,000 0     SUPPORT CHARITABLE PROGRAMS
(128) OLMSTED OUTREACH
PO BOX 882
ROCHESTER,MN55903 		41-1941871 501(C)(3) 60,000 0     SUPPORT CHARITABLE PROGRAMS
(129) NEW YORK UNIVERSITY
105 E 17TH STREET 2ND FLOOR
NEW YORK,NY10003 		13-5562309 501(C)(3) 59,914 0     SUPPORT CHARITABLE PURPOSE
(130) ARCHINOETICS LLC
700 BISHOP STREET
HONOLULU,HI96813 		20-1347328 - 56,112 0     SUPPORT RESEARCH PROGRAM
(131) VILLAGE AGRICULTURAL COOPERATIVE
PO BOX 7723
ROCHESTER,MN55903 		87-3766784 501(C)(3) 52,500 0     SUPPORT CHARITABLE PURPOSE
(132) UNIVERSITY OF CALIFORNIA IRVINE
160 ALDRICH HALL
IRVINE,CA92697 		95-2226406 STATE OF CA 51,802 0     SUPPORT RESEARCH PROGRAM
(133) NEURONEXUS TECHNOLOGIES
640 AVIS DR SUITE 200
ANN ARBOR,MI48108 		20-1398605 - 50,031 0     SUPPORT RESEARCH PROGRAM
(134) ROCHESTER COMMUNITY AND TECHNICAL COLLEGE FOUNDATION
851 30TH AVE SE
ROCHESTER,MN55904 		41-1535213 501(C)(3) 50,000 0     SUPPORT CHARITABLE PURPOSE
(135) SPORTS MENTORSHIP ACADEMY
3270 19TH ST NW SUITE 208
ROCHESTER,MN55901 		06-1777757 501(C)(3) 50,000 0     SUPPORT CHARITABLE PURPOSE
(136) ABILITY BUILDING CENTER INC
1911 14TH STREET NW
ROCHESTER,MN55901 		41-0829178 501(C)(3) 50,000 0     SUPPORT CHARITABLE PROGRAMS
(137) EXERCISABILITIES INC
2530 N BROADWAY AVE
ROCHESTER,MN55906 		45-5214117 501(C)(3) 50,000 0     SUPPORT CHARITABLE PROGRAMS
(138) SOMALI AMERICAN SOCIAL SERVICE ASSOCIATION
1700 N BROADWAY SUITE 152A
ROCHESTER,MN55906 		46-1751962 501(C)(3) 50,000 0     SUPPORT CHARITABLE PURPOSE
(139) AMERICAN NATIONAL RED CROSS
431 18TH STREET NW
WASHINGTON,DC20006 		53-0196605 501(C)(3) 50,000 0     SUPPORT CHARITABLE PROGRAMS
(140) COLLIDER FOUNDATION
14 4TH ST SW
ROCHESTER,MN55902 		83-1815046 501(C)(3) 50,000 0     SUPPORT CHARITABLE PURPOSE
(141) ROCHESTER SPORTS FOUNDATION
30 CIVIC CENTER DRIVE SE
ROCHESTER,MN55904 		84-2551350 501(C)(3) 50,000 0     SUPPORT RESEARCH PROGRAM
(142) HMH HOSPITALS CORPORATION
1350 CAMPUS PARKWAY
NEPTUNE,NJ07753 		22-1487576 501(C)(3) 49,250 0     SUPPORT CHARITABLE PROGRAMS
(143) OREGON HEALTH & SCIENCE UNIVERSITY
3181 SW SAM JACKSON PARK ROAD
PORTLAND,OR97239 		93-1176109 STATE OF OR 48,500 0     SUPPORT RESEARCH PROGRAM
(144) SYNERGY ECP INC
9740 PATUXENT WOODS SUITE 900
COLUMBIA,MD21046 		93-3288212 - 47,889 0     SUPPORT RESEARCH PROGRAM
(145) MONTANA STATE UNIVERSITY
216 MONTANA HALL
BOZEMAN,MT59717 		81-6010045 STATE OF MT 47,594 0     SUPPORT RESEARCH PROGRAM
(146) DUKE UNIVERSITY HEALTH SYSTEM INC
324 BLACKWELL ST WASHIN BLDG N
DURHAM,NC27701 		56-2070036 501(C)(3) 47,420 0     SUPPORT CHARITABLE PROGRAMS
(147) PURDUE UNIVERSITY
155 SOUTH GRANT STREET
WEST LAFAYETTE,IN47907 		35-6002041 STATE OF IN 46,082 0     SUPPORT RESEARCH PROGRAM
(148) LIFENGINE ANIMAL HEALTH LABORATORIES INC
3388 MIKE COLLINS DRIVE
EAGAN,MN55121 		83-2647703 - 46,036 0     SUPPORT RESEARCH PROGRAM
(149) ST ELIZABETH MEDICAL CENTER INC
ONE MEDICAL VILLAGE DRIVE
EDGEWOOD,KY41017 		61-0445850 501(C)(3) 45,172 0     SUPPORT CHARITABLE PROGRAMS
(150) AMERICAN CANCER SOCIETY INC
250 WILLIAMS STREET NW NO 400
ATLANTA,GA30303 		13-1788491 501(C)(3) 45,000 0     SUPPORT CHARITABLE PROGRAMS
(151) DYSLEXIA INSTITUTE OF MN INC
2010 SCOTT RD NW
ROCHESTER,MN55901 		41-1633734 501(C)(3) 45,000 0     SUPPORT CHARITABLE PROGRAMS
(152) INDEPENDENT SCHOOL DISTRICT 535
615 7TH STREET SW
ROCHESTER,MN55902 		41-6002803 STATE OF MN 45,000 0     SUPPORT EXEMPT PURPOSE
(153) UNIVERSITY OF NEW MEXICO
1700 LOMAS BLVD NE
ALBUQUERQUE,NM87106 		85-6000642 STATE OF NM 43,669 0     SUPPORT RESEARCH PROGRAM
(154) UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON
301 UNIVERSTIY BLVD
GALVESTON,TX77555 		74-6000949 STATE OF TX 42,320 0     SUPPORT RESEARCH PROGRAM
(155) UNIVERSITY OF PENNSYLVANIA
PO BOX 785541
PHILADELPHIA,PA19178 		23-2801131 STATE OF PA 42,153 0     SUPPORT RESEARCH PROGRAM
(156) UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION
2215 S BROOK STREET
LOUISVILLE,KY40208 		61-1029626 501(C)(3) 42,144 0     SUPPORT CHARITABLE PURPOSE
(157) RECOVERY IS HAPPENING
25 16TH STREET NE
ROCHESTER,MN55906 		45-1259706 501(C)(3) 40,000 0     SUPPORT CHARITABLE PURPOSE
(158) SANFORD RESEARCH
PO BOX 5039 RTE 5218
SIOUX FALLS,SD57117 		46-0450378 501(C)(3) 39,096 0     SUPPORT CHARITABLE PROGRAMS
(159) ALTRU HEALTH SYSTEM
1200 S COLUMBIA RD
GRAND FORKS,ND58201 		45-0310462 501(C)(3) 38,423 0     SUPPORT CHARITABLE PROGRAMS
(160) GIFT OF LIFE INC
705 2ND STREET SW
ROCHESTER,MN55902 		41-1495845 501(C)(3) 38,000 0     SUPPORT CHARITABLE PROGRAMS
(161) UNIVERSITY OF WISCONSIN-MADISON
21 N PARK STREET SUITE 6401
MADISON,WI53715 		39-6006492 STATE OF WI 37,917 0     SUPPORT RESEARCH PROGRAM
(162) SEATTLE CHILDREN'S HOSPITAL
PO BOX 5371 MS RC-507
SEATTLE,WA98145 		91-0564748 501(C)(3) 36,796 0     SUPPORT CHARITABLE PROGRAMS
(163) LIEBER INSTITUTE INC
855 N WOLFE ST 3RD FL
BALTIMORE,MD21205 		26-3690883 501(C)(3) 36,790 0     SUPPORT CHARITABLE PURPOSE
(164) TUFTS MEDICAL CENTER INC
800 WASHINTON STREET BOX 468
BOSTON,MA02111 		04-3400617 501(C)(3) 35,975 0     SUPPORT CHARITABLE PROGRAMS
(165) BECKMAN RESEARCH INSTITUTE OF THE CITY OF HOPE
1450 EAST DUARTE ROAD
DUARTE,CA91010 		95-3432210 501(C)(3) 35,913 0     SUPPORT CHARITABLE PROGRAMS
(166) IOWA STATE UNIVERSITY
394 TOWN ENGINEERING BUILDING
AMES,IA50011 		42-6004224 STATE OF IA 35,503 0     SUPPORT EXEMPT PURPOSE
(167) MINNESOTA PRIVATE COLLEGE FUND
445 MINNESOTA STREET 500
ST PAUL,MN55101 		51-0166951 501(C)(3) 35,000 0     SUPPORT CHARITABLE PROGRAMS
(168) BARBERSHOP & SOCIAL SERVICES
3270 19TH ST NW SUITE 207
ROCHESTER,MN55901 		83-1558495 501(C)(3) 35,000 0     SUPPORT CHARITABLE PROGRAMS
(169) FRED HUTCHINSON CANCER RESEARCH CENTER
1100 FAIRVIEW AVENUE SOUTH
SEATTLE,WA98109 		23-7156071 501(C)(3) 31,897 0     SUPPORT CHARITABLE PROGRAMS
(170) BLOODWORKS
921 TERRY AVENUE
SEATTLE,WA98104 		91-1019655 501(C)(3) 31,510 0     SUPPORT CHARITABLE PURPOSE
(171) ROSWELL PARK CANCER INSTITUTE CORPORATION
ELM AND CARLTON STREETS
BUFFALO,NY14263 		16-1552370 STATE OF NY 30,746 0     SUPPORT RESEARCH PROGRAM
(172) THE CENTER CLINIC INC
14 WEST MAIN ST
DODGE CENTER,MN55927 		20-0756495 501(C)(3) 30,000 0     SUPPORT CHARITABLE PURPOSE
(173) GAMEHAVEN COUNCIL INC BOY SCOUTS OF AMERICA
607 E CENTER ST
ROCHESTER,MN55904 		41-0698309 501(C)(3) 30,000 0     SUPPORT CHARITABLE PROGRAMS
(174) COMMUNITY FOOD RESPONSE
810 3RD AVE SE
ROCHESTER,MN55904 		41-1757102 501(C)(3) 30,000 0     SUPPORT CHARITABLE PROGRAMS
(175) GAY-LESBIAN-BISEXUAL TRANSGENDER PRIDE
2021 E HENNEPIN AVE 402-7
MINNEAPOLIS,MN55413 		41-1808096 501(C)(3) 30,000 0     SUPPORT CHARITABLE PURPOSE
(176) OLMSTED COUNTY
151 4TH STREET SE
ROCHESTER,MN55904 		41-6005859 CTY OF OLMSTED 30,000 0     SUPPORT RESEARCH PROGRAM
(177) BETH ISRAEL DEACONESS MEDICAL CENTER
330 BROOKLINE AVENUE
BOSTON,MA02215 		04-2103881 501(C)(3) 29,756 0     SUPPORT CHARITABLE PROGRAMS
(178) MEMORIAL HOSPITAL FOR CANCER AND ALLIED DISEASES
1275 YORK AVENUE
NEW YORK,NY10065 		13-1624082 501(C)(3) 29,423 0     SUPPORT CHARITABLE PROGRAMS
(179) MCHS--AUSTIN FOUNDATION
1000 FIRST DRIVE NW
AUSTIN,MN55912 		30-0107471 501(C)(3) 5,025 0     SUPPORT CHARITABLE PROGRAMS
(180) RUTGERS THE STATE UNIVERSITY OF NEW JERSEY
303 COOPER STREET
CAMDEN,NJ08102 		22-6001086 STATE OF NJ 29,000 0     SUPPORT RESEARCH PROGRAM
(181) MONUMENT HEALTH RAPID CITY HOSPITAL INC
353 FAIRMONT BLVD PO BOX 6000
RAPID CITY,SD57709 		46-0319070 501(C)(3) 28,000 0     SUPPORT CHARITABLE PROGRAMS
(182) USAGAINSTALZHEIMER'S
1101 K STREET NW NO 400
WASHINGTON,DC20005 		45-0672514 501(C)(3) 26,823 0     SUPPORT CHARITABLE PROGRAMS
(183) INTERMOUNTAIN HEALTH CARE INC
36 S STATE STREET SUITE 2200
SALT LAKE CITY,UT84111 		87-0269232 501(C)(3) 26,000 0     SUPPORT CHARITABLE PROGRAMS
(184) UNIVERSITY OF SOUTH CAROLINA
1600 HAMPTON ST
COLUMBIA,SC29208 		57-6001153 501(C)(3) 25,464 0     SUPPORT RESEARCH PROGRAM
(185) TMC HEALTHCARE
5301 E GRANT ROAD
TUCSON,AZ85712 		20-2218975 501(C)(3) 25,050 0     SUPPORT CHARITABLE PURPOSE
(186) CHILDRENS DENTAL HEALTH SERVICES
903 WEST CENTER STREET
ROCHESTER,MN55902 		20-3677586 501(C)(3) 25,000 0     SUPPORT CHARITABLE PROGRAMS
(187) ADVOCATES FOR HUMAN RIGHTS
330 S 2ND AVE SUITE 800
MINNEAPOLIS,MN55401 		36-3292374 501(C)(3) 25,000 0     SUPPORT CHARITABLE PROGRAMS
(188) SCIENCE MUSEUM OF MINNESOTA
120 W KELLOGG BLVD
ST PAUL,MN55102 		41-0706172 501(C)(3) 25,000 0     SUPPORT CHARITABLE PROGRAMS
(189) ZUMBRO VALLEY MEDICAL SOCIETY FOUNDATION
12 ELTON HILLS DRIVE NW
ROCHESTER,MN55901 		41-1934705 501(C)(3) 25,000 0     SUPPORT CHARITABLE PURPOSE
(190) YOUNG MENS CHRISTIAN ASSOCIATION OF THE GREATER TWIN CITIES
651 NICOLLET MALL SUITE 500
MINNEAPOLIS,MN55402 		45-2563299 501(C)(3) 25,000 0     SUPPORT CHARITABLE PROGRAMS
(191) GIRL SCOUTS OF MN AND WI RIVER VALLEYS INC
400 ROBERT STREET SOUTH
ST PAUL,MN55107 		41-0693910 501(C)(3) 24,000 0     SUPPORT CHARITABLE PROGRAMS
(192) GEORGIA TECH RESEARCH CORPORATION
926 DALNEY STREET NW
ATLANTA,GA30332 		58-0603146 501(C)(3) 23,667 0     SUPPORT CHARITABLE PROGRAMS
(193) SOUTHEAST SERVICE COOPERATIVE
210 WOOD LAKE DRIVE SE
ROCHESTER,MN55904 		41-1333904 STATE OF MN 23,500 0     SUPPORT RESEARCH PROGRAM
(194) THE TOLEDO HOSPITAL
100 MADISON AVE
TOLEDO,OH43604 		34-4428256 501(C)(3) 22,485 0     SUPPORT CHARITABLE PROGRAMS
(195) DIGNITY HEALTH
185 BERRY STREET SUITE 300
SAN FRANCISCO,CA94107 		94-1196203 501(C)(3) 21,737 0     SUPPORT CHARITABLE PROGRAMS
(196) AVERA MCKENNAN
1325 SOUTH CLIFF AVE
SIOUX FALLS,SD57117 		46-0224743 501(C)(3) 21,397 0     SUPPORT CHARITABLE PROGRAMS
(197) MINNESOTA ZOO FOUNDATION
13000 ZOO BOULEVARD
APPLE VALLEY,MN55124 		51-0147653 501(C)(3) 20,000 0     SUPPORT CHARITABLE PURPOSE
(198) BOARD OF TRUSTEES OF THE MINNESOTA STATE COLLEGES AND UNIVERSITIES
30 EAST 7TH STREET
ST PAUL,MN55101 		41-1687554 STATE OF MN 19,925 0     SUPPORT RESEARCH PROGRAM
(199) INSTITUTE FOR SYSTEMS BIOLOGY
1801 LIND AVE SW
RENTON,WA98057 		91-2003593 501(C)(3) 19,130 0     SUPPORT CHARITABLE PURPOSE
(200) STATE UNIVERSITY OF NEW YORK AT BUFFALO
12 CAPEN HALL
BUFFALO,NY14260 		14-6013200 STATE OF NY 19,000 0     SUPPORT RESEARCH PROGRAM
(201) MASSACHUSETTS INSTITUTE OF TECHNOLOGY
77 MASSACHUSETTS AVENUE NE49-3142
CAMBRIDGE,MA02139 		04-2103594 501(C)(3) 18,789 0     SUPPORT CHARITABLE PROGRAMS
(202) UNIVERSITY OF ALASKA
PO BOX 756540
FAIRBANKS,AK99775 		92-6000147 501(C)(3) 18,190 0     SUPPORT RESEARCH PROGRAM
(203) NEUROLOGICAL RECOVERY HOUSE
1919 23 1/2 ST SE
ROCHESTER,MN55904 		26-2357256 501(C)(3) 18,000 0     SUPPORT CHARITABLE PURPOSE
(204) ROCHESTER REPERTORY
103 7TH STREET NE
ROCHESTER,MN55906 		41-1540218 501(C)(3) 18,000 0     SUPPORT CHARITABLE PURPOSE
(205) MEDSTAR HEALTH RESEARCH INSTITUTE
108 IRVING STREET NW
WASHINGTON,DC20010 		52-6056274 501(C)(3) 16,250 0     SUPPORT RESEARCH PROGRAM
(206) DAMASCUS WAY RE-ENTRY CENTER INC
1515 EAST 66TH STREET
MINNEAPOLIS,MN55423 		41-1356073 501(C)(3) 15,000 0     SUPPORT CHARITABLE PURPOSE
(207) NATIONAL ASSOCIATION FOR THE ADVANCEMENT OF COLORED PEOPLE
PO BOX 6472
ROCHESTER,MN55903 		41-1652692 501(C)(4) 15,000 0     SUPPORT EXEMPT PURPOSE
(208) ROCHESTER SYMPHONY ORCHESTRA & CHORALE
1530 GREENVIEW DR SW 120
ROCHESTER,MN55902 		41-1764434 501(C)(3) 15,000 0     SUPPORT CHARITABLE PROGRAMS
(209) ADAPTA
2020 5TH ST SW
ROCHESTER,MN55902 		41-1863432 501(C)(3) 15,000 0     SUPPORT CHARITABLE PURPOSE
(210) COLLEGE POSSIBLE INC
755 PRIOR AVENUE NORTH 210
ST PAUL,MN55104 		41-1968798 501(C)(3) 15,000 0     SUPPORT CHARITABLE PURPOSE
(211) GREATER TWIN CITIES UNITED WAY
404 SOUTH EIGHTH STREET
MINNEAPOLIS,MN55404 		41-1973442 501(C)(3) 15,000 0     SUPPORT CHARITABLE PURPOSE
(212) ACHLA ALIANZA CHICANA HISP LAT AMER ALLIANCE
1504 13TH AVE NE
ROCHESTER,MN55906 		43-2058621 501(C)(3) 15,000 0     SUPPORT CHARITABLE PURPOSE
(213) CONSUMERS FOR DENTAL CHOICE INC
316 F STREET NE STE 212
WASHINGTON,DC20002 		52-2257385 501(C)(3) 15,000 0     SUPPORT CHARITABLE PROGRAMS
(214) THE UNIVERSITY CORPORATION
18111 NORDHOFF STREET
NORTHRIDGE,CA91330 		95-1992732 501(C)(3) 14,917 0     SUPPORT CHARITABLE PROGRAMS
(215) BLACK DATA PROCESSING ASSOCIATES SOUTHERN MN CHAPTER
PO BOX 6981
ROCHESTER,MN55901 		41-1929150 501(C)(3) 14,500 0     SUPPORT CHARITABLE PROGRAMS
(216) OKLAHOMA HEART RESEARCH AND EDUCATION FOUNDATION INC
1265 S UTICA AVE STE 300
TULSA,OK74104 		73-1432360 501(C)(3) 14,250 0     SUPPORT CHARITABLE PROGRAMS
(217) THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK
PO BOX 9
ALBANY,NY12201 		14-1368361 501(C)(3) 13,346 0     SUPPORT CHARITABLE PROGRAMS
(218) CLEVELAND CLINIC FLORIDA (A NONPROFIT CORPORATION)
2950 CLEVELAND CLINIC BLVD
WESTON,FL33331 		65-0003177 501(C)(3) 12,760 0     SUPPORT CHARITABLE PROGRAMS
(219) BOLDER OPTIONS
2100 STEVENS AVE S
MINNEAPOLIS,MN55404 		41-1909408 501(C)(3) 12,500 0     SUPPORT CHARITABLE PURPOSE
(220) THE MEDICAL COLLEGE OF WISCONSIN INC
8701 WATERTOWN PLANK ROAD
MILWAUKEE,WI53226 		39-0806261 501(C)(3) 12,341 0     SUPPORT CHARITABLE PROGRAMS
(221) GIRLS ON THE RUN TWIN CITIES INC
3433 BROADWAY ST NE NO 430
MINNEAPOLIS,MN55413 		45-2845928 501(C)(3) 11,640 0     SUPPORT CHARITABLE PROGRAMS
(222) THE CARLE FOUNDATION HOSPITAL
611 WEST PARK
URBANA,IL61801 		37-1119538 501(C)(3) 10,922 0     SUPPORT CHARITABLE PROGRAMS
(223) PAWS AND CLAWS INC
3224 19TH STREET NW
ROCHESTER,MN55901 		41-1311160 501(C)(3) 10,690 0     SUPPORT CHARITABLE PROGRAMS
(224) WAYNE STATE UNIVERSITY
5057 WOODWARD 13TH FLOOR
DETROIT,MI48202 		38-6028429 STATE OF MI 10,474 0     SUPPORT RESEARCH PROGRAM
(225) BIG BROTHERS BIG SISTERS OF SOUTHERN MN
545 DUNNELL DR
OWATONNA,MN55060 		36-3501479 501(C)(3) 10,400 0     SUPPORT CHARITABLE PURPOSE
(226) PROJECT GET OUTDOORS
PO BOX 244
WABASHA,MN55981 		26-1837441 501(C)(3) 10,000 0     SUPPORT CHARITABLE PROGRAMS
(227) AMERICAN INDIAN CANCER FOUNDATION
2355 FAIRVIEW AVENUE NORTH 317
ST PAUL,MN55113 		27-0300026 501(C)(3) 10,000 0     SUPPORT CHARITABLE PURPOSE
(228) THE SALVATION ARMY
5550 PRAIRIE STONE PARKWAY
HOFFMAN ESTATES,IL60192 		36-2167910 501(C)(3) 10,000 0     SUPPORT CHARITABLE PROGRAMS
(229) MINNESOTA COUNCIL OF NONPROFITS INC
2314 UNIVERSITY AVE W STE 20
ST PAUL,MN55114 		36-3501477 501(C)(3) 10,000 0     SUPPORT CHARITABLE PROGRAMS
(230) MAKE-A-WISH FOUNDATION OF MINNESOTA
1919 UNIVERSITY AVENUE WEST 415
ST PAUL,MN55104 		41-1422893 501(C)(3) 10,000 0     SUPPORT CHARITABLE PURPOSE
(231) ROCHESTER ACTIVE SPORTS CLUB
3128 LAKE VISTA DRIVE NW
ROCHESTER,MN55901 		41-1961887 501(C)(3) 10,000 0     SUPPORT CHARITABLE PROGRAMS
(232) SERVEMINNESOTA
120 SOUTH 6TH STREET NO 2260
MINNEAPOLIS,MN55402 		41-2010058 501(C)(3) 10,000 0     SUPPORT CHARITABLE PURPOSE
(233) ASHLEY FOR THE ARTS
ONE ASHLEY WAY
ARCADIA,WI54612 		46-2152808 501(C)(3) 10,000 0     SUPPORT CHARITABLE PURPOSE
(234) THE BAKKEN
3537 ZENITH AVE S
MINNEAPOLIS,MN55416 		51-0175508 501(C)(3) 10,000 0     SUPPORT CHARITABLE PURPOSE
(235) HEALTH OCCUPATIONS STUDENTS OF AMERICA
548 SILICON DR 101
SOUTHLAKE,TX76092 		51-0249380 501(C)(3) 10,000 0     SUPPORT CHARITABLE PROGRAMS
(236) PHILOXENIA CHARITIES
703 W CENTER ST
ROCHESTER,MN55902 		84-1883469 501(C)(3) 10,000 0     SUPPORT CHARITABLE PROGRAMS
(237) MIDDLESEX HOSPITAL
28 CRESCENT STREET
MIDDLETOWN,CT06457 		06-0646718 501(C)(3) 10,000 0     SUPPORT CHARITABLE PROGRAMS
(238) SOUTHEASTERN MINNESOTA YOUTH ORCHESTRA INC
1001 14TH ST NW SUITE 450
ROCHESTER,MN55901 		41-1427785 501(C)(3) 9,000 0     SUPPORT CHARITABLE PROGRAMS
(239) MINNESOTA ASSISTANCE COUNCIL FOR VETERANS
1000 UNIVERSITY AVENUE WEST NO 10
SAINT PAUL,MN55104 		41-1694717 501(C)(3) 9,000 0     SUPPORT CHARITABLE PROGRAMS
(240) ARC MINNESOTA INC
641 FAIRVIEW AVE 195
ST PAUL,MN55104 		41-0795254 501(C)(3) 8,000 0     SUPPORT CHARITABLE PURPOSE
(241) MINNESOTA ORCHESTRAL ASSOCIATION
1111 NICOLLET MALL
MINNEAPOLIS,MN55403 		41-0693875 501(C)(3) 7,500 0     SUPPORT CHARITABLE PROGRAMS
(242) HONORS CHOIRS OF SOUTHEAST MINNESOTA
1001 14TH ST NW
ROCHESTER,MN55901 		41-1747145 501(C)(3) 7,500 0     SUPPORT CHARITABLE PROGRAMS
(243) ROCHESTER PRIDE
PO BOX 1174
ROCHESTER,MN55903 		83-4370550 501(C)(3) 7,500 0     SUPPORT CHARITABLE PROGRAMS
(244) SIOUXLAND REGIONAL CANCER CENTER
PO BOX 5017
SIOUX CITY,IA51102 		42-1411233 501(C)(3) 7,500 0     SUPPORT CHARITABLE PROGRAMS
(245) SENTARA HOSPITALS
6015 POLAR HALL DRIVE
NORFOLK,VA23502 		54-1547408 501(C)(3) 7,500 0     SUPPORT RESEARCH PROGRAM
(246) UC HEALTH MEDICAL GROUP
2315 EAST HARMONY ROAD 200
FORT COLLINS,CO80528 		80-0348943 501(C)(3) 7,500 0     SUPPORT CHARITABLE PURPOSE
(247) MONTEFIORE MEDICAL CENTER
111 EAST 210TH STREET
BRONX,NY10467 		13-1740114 501(C)(3) 7,132 0     SUPPORT CHARITABLE PROGRAMS
(248) UNIVERSITY OF CONNECTICUT HEALTH CENTER
263 FARMINGTON AVE
FARMINGTON,CT06030 		52-1725543 STATE OF CT 6,872 0     SUPPORT RESEARCH PROGRAM
(249) THE UNIVERSITY OF TEXAS AT AUSTIN
110 INNER CAMPUS DRIVE
AUSTIN,TX78705 		74-6000203 STATE OF TX 6,597 0     SUPPORT RESEARCH PROGRAM
(250) CANCER CENTER OF KANSAS PA
818 N EMPORIA ST STE 403
WICHITA,KS67214 		48-1181579 - 6,326 0     SUPPORT RESEARCH PROGRAM
(251) HIAWATHA HOMES INC
1820 VALKYRIE DR NW
ROCHESTER,MN55901 		41-1278404 501(C)(3) 5,690 0     SUPPORT CHARITABLE PURPOSE
(252) CHABAD-LUBAVITCH OF ROCHESTER JEWISH EDUC & HOSPITALITY CENTER
730 2ND ST SW
ROCHESTER,MN55902 		41-1823492 501(C)(3) 5,400 0     SUPPORT CHARITABLE PROGRAMS
(253) SUTTER WEST BAY HOSPITALS
2200 RIVER PLAZA DR
SACRAMENTO,CA95833 		94-0562680 501(C)(3) 5,250 0     SUPPORT CHARITABLE PROGRAMS
(254) ST CLOUD HOSPITAL
1406 SITH AVENUE NORTH
ST CLOUD,MN56303 		41-0695596 501(C)(3) 5,133 0     SUPPORT CHARITABLE PROGRAMS
(255) LEXINGTON HEALTH INC
2720 SUNSET BLVD
WEST COLUMBIA,SC29169 		85-2276567 501(C)(3) 5,063 0     SUPPORT RESEARCH PROGRAM
(256) SOFI RESEARCH LLC
499 E HAMPDEN AVE
ENGLEWOOD,CO80113 		82-1682239 - 5,005 0     SUPPORT RESEARCH PROGRAM
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
244
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
12
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) Rev. 1-2025

Schedule I (Form 990) Rev. 1-2025
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1) SCHOLARSHIPS 1663 18,262,170      
(2) MEDICAL STUDENT STIPENDS 713 14,535,266      
(3) CHARITABLE SUPPORT OF INDIVIDUALS 30 46,324      
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
PART I, LINE 2: AS A PRIVATE TRUST FOR THE PUBLIC GOOD, MAYO IS DEDICATED TO GIVING BACK TO THE COMMUNITIES IN WHICH ITS EMPLOYEES LIVE AND WORK. MAYO INVESTS RESOURCES RESPONSIBLY TO PRODUCE THE BEST OUTCOMES FOR PATIENT CARE, EDUCATION, RESEARCH, COMMUNITY ENRICHMENT AND SUSTAINABILITY. GRANT APPLICATIONS ARE REVIEWED AND PRIORITIZED IN HOW THEY: -ADDRESS SIGNIFICANT AND EMERGENT COMMUNITY NEEDS -ALIGN WITH MAYO'S MISSION -IMPROVE HEALTH OF INDIVIDUALS IN THE COMMUNITY -DEMONSTRATE PARTNERSHIP AND COLLABORATION BUILDING -ENABLE LONG TERM CAPACITY BUILDING AND SUSTAINABILITY -REDUCE DISPARITIES AND INEQUITIES RELATED TO ACCESS TO HEALTH AND WELLNESS MONITORING OF GRANTS GIVEN IS DEPENDENT ON TYPE. LARGER MULTI-YEAR AND CAPITAL GRANTS ARE MONITORED FOR ACHIEVEMENT OF STATED GOALS WITHIN THE GRANT AGREEMENT. SINGLE-YEAR OPERATIONAL AND PROGRAMMATIC GRANTS ARE NOT MONITORED AFTER THE FUNDS HAVE BEEN DISBURSED; HOWEVER, ADDITIONAL FUNDING REQUESTS ARE CONSIDERED BASED ON USE AND OUTCOMES OF PREVIOUSLY AWARDED GRANTS. FEDERAL AWARDS THAT ARE SUBCONTRACTED TO INDIVIDUALS AND OTHER ORGANIZATIONS ARE MONITORED BY MAYO AS PRESCRIBED IN TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE), SUBPART D-SUBRECIPIENT MONITORING AND MANAGEMENT 200.331 REQUIREMENTS FOR PASS-THROUGH ENTITIES. SHORT-TERM FINANCIAL ASSISTANCE AND SUPPORT IS PROVIDED TO EMPLOYEES AND INDIVIDUALS EXPERIENCING TEMPORARY HARDSHIPS. GRANTS ARE PROVIDED BASED ON A PROVEN NEED AND ARE NOT MONITORED. MEDICAL STUDENT STIPENDS ARE PAID TO THE STUDENTS OF THE MAYO CLINIC COLLEGE OF MEDICINE AND SCIENCE TO HELP OFFSET THE COST OF THE STUDENT'S LIVING EXPENSES AND ARE NOT MONITORED. MERIT-BASED AND NEEDS-BASED SCHOLARSHIPS AND GRANTS ARE AWARDED TO INDIVIDUALS PURSUING A DEGREE IN A HEALTHCARE FIELD AND ARE CONTINGENT UPON ON-GOING SATISFACTORY ACADEMIC PROGRESS.
Schedule I (Form 990) Rev. 1-2025



Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
Yes
 
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1FARRUGIA MD GIANRICO
TRUSTEE/PRESIDENT/CEO 		(i)

(ii)		 0
-------------
3,922,824 		0
-------------
0 		0
-------------
899,411 		0
-------------
13,839 		0
-------------
52,022 		0
-------------
4,888,096 		0
-------------
0
2THIELEN MD KENT R
TRUSTEE/VP 		(i)

(ii)		 0
-------------
2,605,119 		0
-------------
0 		0
-------------
508,721 		0
-------------
50,365 		0
-------------
42,594 		0
-------------
3,206,799 		0
-------------
0
3GRAY MD RICHARD J
TRUSTEE/VP 		(i)

(ii)		 0
-------------
2,605,803 		0
-------------
0 		0
-------------
505,021 		0
-------------
41,642 		0
-------------
49,557 		0
-------------
3,202,023 		0
-------------
0
4WILLIAMS MD AMY W
TRUSTEE 		(i)

(ii)		 0
-------------
1,932,789 		0
-------------
0 		0
-------------
366,313 		0
-------------
10,475 		0
-------------
19,192 		0
-------------
2,328,769 		0
-------------
0
5ZORN CHRISTINA K
TRUSTEE/VP 		(i)

(ii)		 0
-------------
1,736,426 		0
-------------
0 		0
-------------
351,222 		0
-------------
38,641 		0
-------------
43,275 		0
-------------
2,169,564 		0
-------------
0
6DAHLEN DENNIS E
CFO 		(i)

(ii)		 0
-------------
1,650,230 		0
-------------
0 		0
-------------
237,809 		0
-------------
59,561 		0
-------------
42,654 		0
-------------
1,990,254 		0
-------------
0
7MURPHY JOSHUA B
SECY 		(i)

(ii)		 0
-------------
1,490,637 		0
-------------
0 		0
-------------
294,703 		0
-------------
10,350 		0
-------------
42,991 		0
-------------
1,838,681 		0
-------------
0
8GORMAN PAUL A
TREASURER 		(i)

(ii)		 0
-------------
898,734 		0
-------------
596,453 		0
-------------
160,100 		0
-------------
56,346 		0
-------------
37,191 		0
-------------
1,748,824 		0
-------------
0
9LANZINO MD GIUSEPPE
PHYSICIAN 		(i)

(ii)		 1,288,759
-------------
0 		0
-------------
0 		265,965
-------------
0 		47,696
-------------
0 		40,068
-------------
0 		1,642,488
-------------
0 		0
-------------
0
10GORES MD GREGORY J
FORMER KEY EMPLOYEE 		(i)

(ii)		 1,244,066
-------------
0 		0
-------------
0 		345,066
-------------
0 		16,992
-------------
0 		33,285
-------------
0 		1,639,409
-------------
0 		0
-------------
0
11KRAUSS MD WILLIAM E
PHYSICIAN 		(i)

(ii)		 1,304,095
-------------
0 		0
-------------
0 		271,963
-------------
0 		13,813
-------------
0 		33,225
-------------
0 		1,623,096
-------------
0 		0
-------------
0
12CLARKE MD MICHELLE J
PHYSICIAN 		(i)

(ii)		 1,293,283
-------------
0 		0
-------------
0 		201,907
-------------
0 		30,843
-------------
0 		40,067
-------------
0 		1,566,100
-------------
0 		0
-------------
0
13MARSH MD W RICHARD
DIR-SPINE CENTER 		(i)

(ii)		 1,211,518
-------------
0 		0
-------------
0 		268,026
-------------
0 		13,805
-------------
0 		32,552
-------------
0 		1,525,901
-------------
0 		0
-------------
0
14SPINNER MD ROBERT J
PHYSICIAN 		(i)

(ii)		 1,175,282
-------------
0 		0
-------------
0 		239,492
-------------
0 		58,260
-------------
0 		39,222
-------------
0 		1,512,256
-------------
0 		0
-------------
0
15SHAH MD VIJAY
EXECUTIVE DEAN OF RESEARCH 		(i)

(ii)		 1,049,538
-------------
0 		0
-------------
0 		143,609
-------------
0 		44,857
-------------
0 		38,692
-------------
0 		1,276,696
-------------
0 		0
-------------
0
16MENKOSKY PAULA E
FORMER OFFICER 		(i)

(ii)		 0
-------------
1,003,291 		0
-------------
0 		0
-------------
168,946 		0
-------------
52,154 		0
-------------
37,921 		0
-------------
1,262,312 		0
-------------
0
17OTLEY MD CLARK C
FORMER KEY EMPLOYEE 		(i)

(ii)		 952,106
-------------
0 		0
-------------
0 		203,099
-------------
0 		48,659
-------------
0 		30,857
-------------
0 		1,234,721
-------------
0 		0
-------------
0
18WILLIAMSON MARY J
CAO-MCS 		(i)

(ii)		 966,710
-------------
0 		0
-------------
0 		179,382
-------------
0 		13,837
-------------
0 		37,667
-------------
0 		1,197,596
-------------
0 		0
-------------
0
19MORICE MD WILLIAM G
CEO-MCS 		(i)

(ii)		 917,658
-------------
0 		0
-------------
0 		150,918
-------------
0 		49,893
-------------
0 		37,310
-------------
0 		1,155,779
-------------
0 		0
-------------
0
20AMMASH MD NASER M
FORMER KEY EMPLOYEE 		(i)

(ii)		 441,208
-------------
143,104 		0
-------------
0 		332,630
-------------
157,414 		6,900
-------------
52,648 		9,413
-------------
6,706 		790,151
-------------
359,872 		0
-------------
0
21DIDEHBAN ROSHANAK
TRUSTEE/ASST SECY 		(i)

(ii)		 0
-------------
962,089 		0
-------------
0 		0
-------------
137,117 		0
-------------
29,088 		0
-------------
17,625 		0
-------------
1,145,919 		0
-------------
0
22ARNETT JENNIFER P
CHIEF DEVELOPMENT OFFICER 		(i)

(ii)		 964,933
-------------
0 		0
-------------
0 		92,289
-------------
0 		60,581
-------------
0 		27,416
-------------
0 		1,145,219
-------------
0 		0
-------------
0
23RIHAL MD CHARANJIT S
TRUSTEE 		(i)

(ii)		 823,562
-------------
0 		0
-------------
0 		198,301
-------------
0 		43,209
-------------
0 		36,966
-------------
0 		1,102,038
-------------
0 		0
-------------
0
24CALLSTROM MD MATTHEW R
TRUSTEE 		(i)

(ii)		 809,054
-------------
0 		0
-------------
0 		163,205
-------------
0 		59,579
-------------
0 		29,118
-------------
0 		1,060,956
-------------
0 		0
-------------
0
25PAGNANO MD MARK W
PHYSICIAN 		(i)

(ii)		 800,373
-------------
0 		0
-------------
0 		157,489
-------------
0 		42,252
-------------
0 		36,716
-------------
0 		1,036,830
-------------
0 		0
-------------
0
26NOSEWORTHY MD PETER A
DIV CHAIR-HEART RHYTHM 		(i)

(ii)		 863,406
-------------
0 		0
-------------
0 		50,790
-------------
0 		28,937
-------------
0 		36,900
-------------
0 		980,033
-------------
0 		0
-------------
0
27WALD MD JOHN T
FORMER KEY EMPLOYEE 		(i)

(ii)		 717,030
-------------
0 		0
-------------
0 		109,843
-------------
0 		60,528
-------------
0 		35,846
-------------
0 		923,247
-------------
0 		0
-------------
0
28GALANIS MD EVANTHIA
EXECUTIVE DEAN OF DEVELOPMENT 		(i)

(ii)		 724,238
-------------
0 		0
-------------
0 		120,811
-------------
0 		41,833
-------------
0 		35,902
-------------
0 		922,784
-------------
0 		0
-------------
0
29KENDRICK MD MICHAEL L
CHAIR-SURGERY 		(i)

(ii)		 716,342
-------------
0 		0
-------------
0 		119,774
-------------
0 		47,037
-------------
0 		35,911
-------------
0 		919,064
-------------
0 		0
-------------
0
30DUNN AJANI N
TRUSTEE/ASST SECY 		(i)

(ii)		 0
-------------
762,690 		0
-------------
0 		0
-------------
86,876 		0
-------------
29,879 		0
-------------
36,180 		0
-------------
915,625 		0
-------------
0
31WILLIAMSON MD ERIC E
PHYSICIAN 		(i)

(ii)		 735,889
-------------
0 		0
-------------
0 		116,082
-------------
0 		45,251
-------------
0 		10,510
-------------
0 		907,732
-------------
0 		0
-------------
0
32DOWDY MD SEAN C
CHIEF VALUE OFFICER 		(i)

(ii)		 702,690
-------------
0 		0
-------------
0 		114,195
-------------
0 		40,408
-------------
0 		35,807
-------------
0 		893,100
-------------
0 		0
-------------
0
33HARA MD AMY K
TRUSTEE 		(i)

(ii)		 0
-------------
668,414 		0
-------------
0 		0
-------------
125,953 		0
-------------
43,117 		0
-------------
35,577 		0
-------------
873,061 		0
-------------
0
34CAINE NATALIE A
TRUSTEE 		(i)

(ii)		 761,516
-------------
0 		0
-------------
0 		49,149
-------------
0 		23,209
-------------
0 		36,183
-------------
0 		870,057
-------------
0 		0
-------------
0
35LEIBOVICH MD BRADLEY C
PHYSICIAN 		(i)

(ii)		 667,975
-------------
0 		0
-------------
0 		117,936
-------------
0 		46,781
-------------
0 		35,632
-------------
0 		868,324
-------------
0 		0
-------------
0
36FONSECA MD RAFAEL
TRUSTEE 		(i)

(ii)		 0
-------------
604,442 		0
-------------
0 		0
-------------
174,415 		0
-------------
46,888 		0
-------------
35,622 		0
-------------
861,367 		0
-------------
0
37CIMA MD ROBERT R
FORMER KEY EMPLOYEE 		(i)

(ii)		 596,295
-------------
0 		0
-------------
0 		95,910
-------------
0 		50,251
-------------
0 		35,264
-------------
0 		777,720
-------------
0 		0
-------------
0
38FRANK MD IGOR
PHYSICIAN 		(i)

(ii)		 614,925
-------------
0 		0
-------------
0 		84,744
-------------
0 		38,733
-------------
0 		35,154
-------------
0 		773,556
-------------
0 		0
-------------
0
39MCLAUGHLIN MD SARAH A
TRUSTEE 		(i)

(ii)		 0
-------------
664,412 		0
-------------
0 		0
-------------
68,529 		0
-------------
29,587 		0
-------------
12,991 		0
-------------
775,519 		0
-------------
0
40BROWN MD DANIEL R
DIRECTOR-CRITICAL CARE 		(i)

(ii)		 606,828
-------------
0 		0
-------------
0 		77,537
-------------
0 		51,672
-------------
0 		35,052
-------------
0 		771,089
-------------
0 		0
-------------
0
41BROWN MD MICHAEL J
PHYSICIAN 		(i)

(ii)		 601,828
-------------
0 		0
-------------
0 		91,084
-------------
0 		40,687
-------------
0 		35,123
-------------
0 		768,722
-------------
0 		0
-------------
0
42DIETER HEIDI L
CHAIR-RESEARCH ADMIN 		(i)

(ii)		 643,121
-------------
0 		0
-------------
0 		38,627
-------------
0 		38,921
-------------
0 		21,996
-------------
0 		742,665
-------------
0 		0
-------------
0
43KHAN MD AMIR R
PHYSICIAN 		(i)

(ii)		 577,263
-------------
0 		0
-------------
0 		68,235
-------------
0 		45,337
-------------
0 		34,834
-------------
0 		725,669
-------------
0 		0
-------------
0
44PETERS MD STEVE G
FORMER KEY EMPLOYEE 		(i)

(ii)		 579,109
-------------
0 		0
-------------
0 		87,320
-------------
0 		13,804
-------------
0 		28,000
-------------
0 		708,233
-------------
0 		0
-------------
0
45POE JOHN D
FORMER KEY EMPLOYEE 		(i)

(ii)		 0
-------------
580,219 		0
-------------
0 		0
-------------
56,539 		0
-------------
42,243 		0
-------------
28,210 		0
-------------
707,211 		0
-------------
0
46WATSON MD JAMES C
CHAIR-PAIN MEDICINE 		(i)

(ii)		 577,378
-------------
0 		0
-------------
0 		52,873
-------------
0 		33,707
-------------
0 		34,833
-------------
0 		698,791
-------------
0 		0
-------------
0
47GAZELKA MD HALENA M
FORMER KEY EMPLOYEE 		(i)

(ii)		 0
-------------
591,748 		0
-------------
0 		0
-------------
38,863 		0
-------------
41,306 		0
-------------
14,776 		0
-------------
686,693 		0
-------------
0
48FRANCIS JAMES R
ASST TREASURER 		(i)

(ii)		 0
-------------
528,406 		0
-------------
0 		0
-------------
59,593 		0
-------------
61,457 		0
-------------
27,600 		0
-------------
677,056 		0
-------------
0
49FAMUYIDE MBBS ABIMBOLA O
TRUSTEE 		(i)

(ii)		 493,386
-------------
0 		0
-------------
0 		100,075
-------------
0 		54,687
-------------
0 		27,537
-------------
0 		675,685
-------------
0 		0
-------------
0
50COMFERE MD NNEKA I
TRUSTEE 		(i)

(ii)		 570,134
-------------
0 		0
-------------
0 		57,291
-------------
0 		28,812
-------------
0 		9,285
-------------
0 		665,522
-------------
0 		0
-------------
0
51HAYES MD SHARONNE N
FORMER KEY EMPLOYEE 		(i)

(ii)		 454,631
-------------
0 		0
-------------
0 		104,932
-------------
0 		25,979
-------------
0 		25,418
-------------
0 		610,960
-------------
0 		0
-------------
0
52BERBARI MD ELIE F
CHAIR-INTERNAL MEDICINE 		(i)

(ii)		 442,905
-------------
0 		0
-------------
0 		25,854
-------------
0 		46,158
-------------
0 		35,281
-------------
0 		550,198
-------------
0 		0
-------------
0
53HOLTAN DOUGLAS J
CHAIR-FACILITIES 		(i)

(ii)		 446,600
-------------
0 		0
-------------
0 		31,916
-------------
0 		13,855
-------------
0 		23,664
-------------
0 		516,035
-------------
0 		0
-------------
0
54AMSTUTZ GWENDOLYN J
EXECUTIVE LEADER-HARWICK 		(i)

(ii)		 412,524
-------------
0 		0
-------------
0 		49,779
-------------
0 		32,518
-------------
0 		13,543
-------------
0 		508,364
-------------
0 		0
-------------
0
55HUBERT SHERRY L
ASST SECY 		(i)

(ii)		 0
-------------
363,501 		0
-------------
0 		0
-------------
46,965 		0
-------------
52,947 		0
-------------
33,469 		0
-------------
496,882 		0
-------------
0
56NARR MD BRADLY J
FORMER KEY EMPLOYEE 		(i)

(ii)		 329,296
-------------
0 		0
-------------
0 		89,394
-------------
0 		13,802
-------------
0 		24,519
-------------
0 		457,011
-------------
0 		0
-------------
0
57NORBY SUSAN M
FORMER OFFICER 		(i)

(ii)		 0
-------------
359,942 		0
-------------
0 		0
-------------
15,194 		0
-------------
46,387 		0
-------------
26,631 		0
-------------
448,154 		0
-------------
0
58HORLOCKER MD TERESE T
FORMER KEY EMPLOYEE 		(i)

(ii)		 305,907
-------------
0 		0
-------------
0 		72,701
-------------
0 		12,605
-------------
0 		17,189
-------------
0 		408,402
-------------
0 		0
-------------
0
59SMITH CHUCK J
ASST TREASURER 		(i)

(ii)		 0
-------------
238,821 		0
-------------
0 		0
-------------
1,847 		0
-------------
27,623 		0
-------------
32,640 		0
-------------
300,931 		0
-------------
0
60BROWN WILLIAM A
ASST TREASURER 		(i)

(ii)		 0
-------------
143,139 		0
-------------
0 		0
-------------
22,919 		0
-------------
7,388 		0
-------------
23,044 		0
-------------
196,490 		0
-------------
0
61PECK KRISTIN
TRUSTEE 		(i)

(ii)		 0
-------------
0 		0
-------------
0 		0
-------------
170,333 		0
-------------
0 		0
-------------
0 		0
-------------
170,333 		0
-------------
0
62ROBO JAMES L
TRUSTEE 		(i)

(ii)		 0
-------------
0 		0
-------------
0 		0
-------------
164,805 		0
-------------
0 		0
-------------
0 		0
-------------
164,805 		0
-------------
0
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 1A EXTERNAL TRUSTEES MAY BE REIMBURSED FOR ACTUAL TRAVEL EXPENSES, INCLUDING FIRST CLASS TRAVEL, RELATED TO MAYO BUSINESS. THIS REIMBURSEMENT MAY INCLUDE PRIVATE AIR TRAVEL, IN WHICH CASE REIMBURSEMENT IS LIMITED TO THE COST OF A FIRST CLASS TICKET AND THE AMOUNT IS GROSSED UP AND TREATED AS TAXABLE INCOME. IN 2024, MATTHEW R. CALLSTROM M.D., SEAN C. DOWDY M.D., DOUGLAS J. HOLTAN, MICHAEL L. KENDRICK M.D., BRADLEY C. LEIBOVICH M.D., WILLIAM G. MORICE M.D., MARK W. PAGNANO M.D. AND MARY J. WILLIAMSON WERE PROVIDED BUSINESS/FIRST-CLASS TRAVEL. THE TRAVEL WAS NOT TREATED AS TAXABLE COMPENSATION AS ALL FLIGHTS WERE BUSINESS RELATED. TRAVEL FOR COMPANIONS IS AVAILABLE TO ALL TRUSTEES AND EX-OFFICIOS SO THAT SPOUSES CAN ACCOMPANY THEM TO THE SITE OF BOARD MEETINGS AND FOR OTHER BUSINESS RELATED PURPOSES. IN 2024, JENNIFER P. ARNETT, KATHERINE BAICKER, ABIMBOLA O. FAMUYIDE M.B.B.S., MICHAEL K. POWELL, DONALD M. REMY, ROBIN R. ROBERTS, JAMES L. ROBO AND RANDOLPH C. STEER M.D. RECEIVED COMPANION TRAVEL, WHICH WAS GROSSED UP AND TREATED AS TAXABLE INCOME. PURSUANT TO INSTITUTIONAL POLICIES, CERTAIN AWARDS HAVE A TAX GROSS-UP APPLIED IN ORDER TO NOT DIMINISH THE RECOGNITION AND CELEBRATORY NATURE OF THE AWARD. ONE OR MORE LISTED PERSONS RECEIVED AN AWARD, WHICH WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUALS. THE PERSONAL SERVICES THAT WERE PROVIDED ARE INCOME TAX PREPARATION SERVICES THAT, IN ACCORDANCE WITH MAYO POLICY, ARE AVAILABLE TO MAYO CLINIC VOTING/CONSULTING STAFF. ONE OR MORE LISTED PERSONS RECEIVED THIS SERVICE, WHICH WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUALS. NASER M. AMMASH RELOCATED TO ABU DHABI, UAE AS PART OF HIS INTERNATIONAL POSITION. HE WAS PROVIDED AN ANNUAL STIPEND AND HOUSING ALLOWANCE. THIS AMOUNT WAS TAXABLE TO THE EMPLOYEE AND GROSSED UP.
PART I, LINES 4B-C THIS ENTITY OR ITS AFFILIATE HAS A SUPPLEMENTAL RETIREMENT PLAN (SRP) DESIGNED TO ROUGHLY APPROXIMATE AN EXTENSION OF THE BENEFITS UNDER THE MAYO PENSION PLAN TO INCOME ABOVE THE INTERNAL REVENUE CODE QUALIFIED PLAN LIMIT IN SECTION 401(A)(17). STARTING JANUARY 1, 2011, ALL SRP BENEFITS ARE PAID AS AN ANNUAL TAXABLE CASH PAYMENT. THE FOLLOWING INDIVIDUALS PARTICIPATED IN OR RECEIVED A PAYMENT FROM THE SUPPLEMENTAL RETIREMENT PLAN. AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). AMMASH M.D., NASER M. $117232 AMSTUTZ, GWENDOLYN J. $20410 ARNETT, JENNIFER P. $86876 BERBARI M.D., ELIE F. $19031 BROWN M.D., DANIEL R. $74446 BROWN M.D., MICHAEL J. $76833 CAINE, NATALIE A. $47510 CALLSTROM M.D., MATTHEW R. $133467 CIMA M.D., ROBERT R. $85555 CLARKE M.D., MICHELLE J. $198489 COMFERE M.D., NNEKA I. $55538 DAHLEN, DENNIS E. $224231 DIDEHBAN, ROSHANAK $84249 DIETER, HEIDI L. $35638 DOWDY M.D., SEAN C. $102835 DUNN, AJANI N. $59127 FAMUYIDE M.B.B.S., ABIMBOLA O. $53273 FARRUGIA M.D., GIANRICO $881418 FONSECA M.D., RAFAEL $91767 FRANCIS, JAMES R. $52551 FRANK M.D., IGOR $77144 GALANIS M.D., EVANTHIA $116452 GAZELKA M.D., HALENA M. $36687 GORES M.D., GREGORY J. $261601 GORMAN, PAUL A. $153063 GRAY M.D., RICHARD J. $496070 HARA M.D., AMY K. $115363 HAYES M.D., SHARONNE N. $72531 HOLTAN, DOUGLAS J. $28677 HORLOCKER M.D., TERESE T. $61574 HUBERT, SHERRY L. $16913 KENDRICK M.D., MICHAEL L. $106288 KHAN M.D., AMIR R. $65254 KRAUSS M.D., WILLIAM E. $261655 LANZINO M.D., GIUSEPPE $260534 LEIBOVICH M.D., BRADLEY C. $95567 MARSH M.D., W. RICHARD $236999 MCLAUGHLIN M.D., SARAH A. $66053 MENKOSKY, PAULA E. $163829 MORICE M.D., WILLIAM G. $146782 MURPHY, JOSHUA B. $287817 NARR M.D., BRADLY J. $47595 NORBY, SUSAN M. $12793 NOSEWORTHY M.D., PETER A. $48466 OTLEY M.D., CLARK C. $174160 PAGNANO M.D., MARK W. $122649 PETERS M.D., STEVE G. $67380 POE, JOHN D. $52988 RIHAL M.D., CHARANJIT S. $143468 SHAH M.D., VIJAY $137409 SPINNER M.D., ROBERT J. $228599 THIELEN M.D., KENT R. $498460 WALD M.D., JOHN T. $104023 WATSON M.D., JAMES C. $50097 WILLIAMS M.D., AMY W. $344335 WILLIAMSON M.D., ERIC E. $108070 WILLIAMSON, MARY J. $175078 ZORN, CHRISTINA K. $344014 UNDER MAYO CLINIC'S ROYALTY SHARING POLICY, INVENTORS, INCLUDING LISTED PERSONS, ARE ENTITLED TO SHARE IN A PORTION OF ROYALTIES RECEIVED BY MAYO INCLUDING INSTANCES WHERE SUCH ROYALTIES ARE IN THE FORM OF EQUITY-BASED INSTRUMENTS SUCH AS STOCK, WARRANTS, OR PARTNERSHIP INTERESTS. THE FOLLOWING INDIVIDUALS PARTICIPATED IN AN EQUITY-BASED COMPENSATION ARRANGEMENT: COMFERE M.D., NNEKA I. FAMUYIDE M.B.B.S., ABIMBOLA O. KENDRICK M.D., MICHAEL L. NOSEWORTHY M.D., PETER A. RIHAL M.D., CHARANJIT S. SHAH M.D., VIJAY SPINNER M.D., ROBERT J. PART II: COMPENSATION PAID TO BOARD MEMBERS IS PRIMARILY FOR PROFESSIONAL RESPONSIBILITIES AS PHYSICIANS, ADMINISTRATORS, OR EMPLOYEES OF THE ORGANIZATION.
Schedule J (Form 990) (Rev. 1-2025)

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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number
41-6011702
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902FE8 04-10-2008 330,000,000 CONSTRUCTION OF HEALTH CARE FACILITIES & REFUND 1998 BONDS   X   X   X
B CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GA5 05-05-2011 293,208,150 REFUND 1992 AND 2001 BONDS   X   X   X
C CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GW7 05-08-2014 120,000,000 CONSTRUCTION OF HEALTH CARE FACILITIES   X   X   X
D CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GB3 12-31-2015 494,267 CONSTRUCTION OF HEALTH CARE FACILITIES   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GY3 05-03-2016 75,000,000 REFUND 2006 BONDS   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902HE6 10-13-2016 293,825,280 REFUND 2000 BONDS   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902HF3 10-16-2018 200,152,000 CONSTRUCTION OF HEALTH CARE FACILITIES   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 000000000 05-15-2020 130,000,000 REFUND 2008 BONDS   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902HM8 04-12-2022 305,570,347 REFUND 2012 AND 2015 BONDS AND CONSTRUCTION   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 130,000,000 135,494,267    
2 Amount of bonds legally defeased ..............        
3 Total proceeds of issue .................. 325,948,187 293,208,150 120,012,445 494,267
4 Gross proceeds in reserve funds .............        
5 Capitalized interest from proceeds ............. 8,864,264 2,361,460 310,855  
6 Proceeds in refunding escrows ...............        
7 Issuance costs from proceeds ............... 2,230,808 2,088,829 400,343  
8 Credit enhancement from proceeds .............        
9 Working capital expenditures from proceeds .............        
10 Capital expenditures from proceeds ............. 87,603,115   119,301,247  
11 Other spent proceeds ............. 227,250,000 291,119,321   494,267
12 Other unspent proceeds ............. 9,978,438      
13 Year of substantial completion ............. 2010 2011 2016 2016
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2020, a current refunding issue)? ........ 		X   X     X X  
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2020, an advance refunding issue)? ........ 		  X   X   X   X
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 2
Part Ⅲ
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X    
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X   X    
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............   X   X   X    
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?                
c Are there any research agreements that may result in private business use of bond-financed property? .............   X   X X      
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?   X       X    
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government .... 1.060 % 0 % 0.010 %  
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... 0.090 % 0 % 0 %  
6 Total of lines 4 and 5 ............. 1.150 % 0 % 0.010 %  
7 Does the bond issue meet the private security or payment test? ...   X   X   X    
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X    
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X      
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X   X   X
b Exception to rebate? ........   X   X   X   X
c No rebate due? ......... X   X   X   X  
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? ..... X   X   X     X
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part Ⅴ
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 03/05/2013 ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 05/05/2016 ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 05/08/2019 ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2020
SCHEDULE K, PART I, COLUMN (E) AND PART II, LINE 3: THE DIFFERENCE BETWEEN PART I, COLUMN (E) AND PART II, LINE 3 FOR THE BOND ISSUES ARE INVESTMENT EARNINGS OR LOSSES.
SCHEDULE K, PART IV, ARBITRAGE CALCULATIONS FOR 2015 BOND ISSUES: DURING 2015 PROPERTY THAT WAS FINANCED BY PREVIOUSLY ISSUED BONDS WAS SOLD. REMEDIAL ACTION WAS REQUIRED DUE TO THE SALE OF BOND-FINANCED PROPERTY WHICH RESULTED IN AN ALLOCABLE PORTION OF EACH OF THE PREVIOUSLY ISSUED BONDS TO BE TREATED AS HAVING BEEN REISSUED - RESULTING IN THE 2015 BOND ISSUES REFLECTED ON THIS SCHEDULE K. THE TRANSFERRED/SALE PROCEEDS WERE DEEMED TO HAVE BEEN SPENT IMMEDIATELY TO RETIRE THE ALLOCABLE PORTIONS OF THE PREVIOUS BOND ISSUES. THE 2015 TRANSFERRED/SALE PROCEEDS WERE REDIRECTED TO ANOTHER QUALIFYING PROJECT ALREADY COMPLETED RESULTING IN ZERO INVESTMENT EARNINGS FOR PURPOSES OF THE ARBITRAGE CALCULATIONS. SINCE THERE WERE NO INVESTMENT EARNINGS RELATED TO THE PROCEEDS, WE HAVE INDICATED FOR PART IV (ARBITRAGE), LINE 2C THAT NO REBATE WAS DUE AS OF DECEMBER 31, 2020.
Schedule K (Form 990) (Rev. 1-2025)

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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number
41-6011702
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902FE8 04-10-2008 330,000,000 CONSTRUCTION OF HEALTH CARE FACILITIES & REFUND 1998 BONDS   X   X   X
B CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GA5 05-05-2011 293,208,150 REFUND 1992 AND 2001 BONDS   X   X   X
C CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GW7 05-08-2014 120,000,000 CONSTRUCTION OF HEALTH CARE FACILITIES   X   X   X
D CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GB3 12-31-2015 494,267 CONSTRUCTION OF HEALTH CARE FACILITIES   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GY3 05-03-2016 75,000,000 REFUND 2006 BONDS   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902HE6 10-13-2016 293,825,280 REFUND 2000 BONDS   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902HF3 10-16-2018 200,152,000 CONSTRUCTION OF HEALTH CARE FACILITIES   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 000000000 05-15-2020 130,000,000 REFUND 2008 BONDS   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902HM8 04-12-2022 305,570,347 REFUND 2012 AND 2015 BONDS AND CONSTRUCTION   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 130,000,000 135,494,267    
2 Amount of bonds legally defeased ..............        
3 Total proceeds of issue .................. 325,948,187 293,208,150 120,012,445 494,267
4 Gross proceeds in reserve funds .............        
5 Capitalized interest from proceeds ............. 8,864,264 2,361,460 310,855  
6 Proceeds in refunding escrows ...............        
7 Issuance costs from proceeds ............... 2,230,808 2,088,829 400,343  
8 Credit enhancement from proceeds .............        
9 Working capital expenditures from proceeds .............        
10 Capital expenditures from proceeds ............. 87,603,115   119,301,247  
11 Other spent proceeds ............. 227,250,000 291,119,321   494,267
12 Other unspent proceeds ............. 9,978,438      
13 Year of substantial completion ............. 2010 2011 2016 2016
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2020, a current refunding issue)? ........ 		X   X     X X  
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2020, an advance refunding issue)? ........ 		  X   X   X   X
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 2
Part Ⅲ
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X    
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X   X    
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............   X   X   X    
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?                
c Are there any research agreements that may result in private business use of bond-financed property? .............   X   X X      
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?   X       X    
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government .... 1.060 % 0 % 0.010 %  
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... 0.090 % 0 % 0 %  
6 Total of lines 4 and 5 ............. 1.150 % 0 % 0.010 %  
7 Does the bond issue meet the private security or payment test? ...   X   X   X    
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X    
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X      
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X   X   X
b Exception to rebate? ........   X   X   X   X
c No rebate due? ......... X   X   X   X  
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? ..... X   X   X     X
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part Ⅴ
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 03/05/2013 ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 05/05/2016 ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 05/08/2019 ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2020
SCHEDULE K, PART I, COLUMN (E) AND PART II, LINE 3: THE DIFFERENCE BETWEEN PART I, COLUMN (E) AND PART II, LINE 3 FOR THE BOND ISSUES ARE INVESTMENT EARNINGS OR LOSSES.
SCHEDULE K, PART IV, ARBITRAGE CALCULATIONS FOR 2015 BOND ISSUES: DURING 2015 PROPERTY THAT WAS FINANCED BY PREVIOUSLY ISSUED BONDS WAS SOLD. REMEDIAL ACTION WAS REQUIRED DUE TO THE SALE OF BOND-FINANCED PROPERTY WHICH RESULTED IN AN ALLOCABLE PORTION OF EACH OF THE PREVIOUSLY ISSUED BONDS TO BE TREATED AS HAVING BEEN REISSUED - RESULTING IN THE 2015 BOND ISSUES REFLECTED ON THIS SCHEDULE K. THE TRANSFERRED/SALE PROCEEDS WERE DEEMED TO HAVE BEEN SPENT IMMEDIATELY TO RETIRE THE ALLOCABLE PORTIONS OF THE PREVIOUS BOND ISSUES. THE 2015 TRANSFERRED/SALE PROCEEDS WERE REDIRECTED TO ANOTHER QUALIFYING PROJECT ALREADY COMPLETED RESULTING IN ZERO INVESTMENT EARNINGS FOR PURPOSES OF THE ARBITRAGE CALCULATIONS. SINCE THERE WERE NO INVESTMENT EARNINGS RELATED TO THE PROCEEDS, WE HAVE INDICATED FOR PART IV (ARBITRAGE), LINE 2C THAT NO REBATE WAS DUE AS OF DECEMBER 31, 2020.
Schedule K (Form 990) (Rev. 1-2025)

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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number
41-6011702
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902FE8 04-10-2008 330,000,000 CONSTRUCTION OF HEALTH CARE FACILITIES & REFUND 1998 BONDS   X   X   X
B CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GA5 05-05-2011 293,208,150 REFUND 1992 AND 2001 BONDS   X   X   X
C CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GW7 05-08-2014 120,000,000 CONSTRUCTION OF HEALTH CARE FACILITIES   X   X   X
D CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GB3 12-31-2015 494,267 CONSTRUCTION OF HEALTH CARE FACILITIES   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902GY3 05-03-2016 75,000,000 REFUND 2006 BONDS   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902HE6 10-13-2016 293,825,280 REFUND 2000 BONDS   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902HF3 10-16-2018 200,152,000 CONSTRUCTION OF HEALTH CARE FACILITIES   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 000000000 05-15-2020 130,000,000 REFUND 2008 BONDS   X   X   X
CITY OF ROCHESTER MINNESOTA
  		41-6005494 771902HM8 04-12-2022 305,570,347 REFUND 2012 AND 2015 BONDS AND CONSTRUCTION   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 130,000,000 135,494,267    
2 Amount of bonds legally defeased ..............        
3 Total proceeds of issue .................. 325,948,187 293,208,150 120,012,445 494,267
4 Gross proceeds in reserve funds .............        
5 Capitalized interest from proceeds ............. 8,864,264 2,361,460 310,855  
6 Proceeds in refunding escrows ...............        
7 Issuance costs from proceeds ............... 2,230,808 2,088,829 400,343  
8 Credit enhancement from proceeds .............        
9 Working capital expenditures from proceeds .............        
10 Capital expenditures from proceeds ............. 87,603,115   119,301,247  
11 Other spent proceeds ............. 227,250,000 291,119,321   494,267
12 Other unspent proceeds ............. 9,978,438      
13 Year of substantial completion ............. 2010 2011 2016 2016
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2020, a current refunding issue)? ........ 		X   X     X X  
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2020, an advance refunding issue)? ........ 		  X   X   X   X
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 2
Part Ⅲ
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X    
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X   X    
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............   X   X   X    
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?                
c Are there any research agreements that may result in private business use of bond-financed property? .............   X   X X      
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?   X       X    
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government .... 1.060 % 0 % 0.010 %  
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... 0.090 % 0 % 0 %  
6 Total of lines 4 and 5 ............. 1.150 % 0 % 0.010 %  
7 Does the bond issue meet the private security or payment test? ...   X   X   X    
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X    
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X      
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X   X   X
b Exception to rebate? ........   X   X   X   X
c No rebate due? ......... X   X   X   X  
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? ..... X   X   X     X
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part Ⅴ
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 03/05/2013 ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 05/05/2016 ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 05/08/2019 ISSUER NAME: CITY OF ROCHESTER, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2020
SCHEDULE K, PART I, COLUMN (E) AND PART II, LINE 3: THE DIFFERENCE BETWEEN PART I, COLUMN (E) AND PART II, LINE 3 FOR THE BOND ISSUES ARE INVESTMENT EARNINGS OR LOSSES.
SCHEDULE K, PART IV, ARBITRAGE CALCULATIONS FOR 2015 BOND ISSUES: DURING 2015 PROPERTY THAT WAS FINANCED BY PREVIOUSLY ISSUED BONDS WAS SOLD. REMEDIAL ACTION WAS REQUIRED DUE TO THE SALE OF BOND-FINANCED PROPERTY WHICH RESULTED IN AN ALLOCABLE PORTION OF EACH OF THE PREVIOUSLY ISSUED BONDS TO BE TREATED AS HAVING BEEN REISSUED - RESULTING IN THE 2015 BOND ISSUES REFLECTED ON THIS SCHEDULE K. THE TRANSFERRED/SALE PROCEEDS WERE DEEMED TO HAVE BEEN SPENT IMMEDIATELY TO RETIRE THE ALLOCABLE PORTIONS OF THE PREVIOUS BOND ISSUES. THE 2015 TRANSFERRED/SALE PROCEEDS WERE REDIRECTED TO ANOTHER QUALIFYING PROJECT ALREADY COMPLETED RESULTING IN ZERO INVESTMENT EARNINGS FOR PURPOSES OF THE ARBITRAGE CALCULATIONS. SINCE THERE WERE NO INVESTMENT EARNINGS RELATED TO THE PROCEEDS, WE HAVE INDICATED FOR PART IV (ARBITRAGE), LINE 2C THAT NO REBATE WAS DUE AS OF DECEMBER 31, 2020.
Schedule K (Form 990) (Rev. 1-2025)

Additional Data


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Schedule L
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e) Original principal amount (f) Balance due (g) In default? (h) Approved by board or committee? (i) Written agreement?
To From Yes No Yes No Yes No
Total ............... $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
(1)  
  		MERIT SCHOLARSHIP 15,000 SCHOLARSHIP  
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990) (Rev. 1-2025)
Schedule L (Form 990) (Rev. 1-2025)
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) BUSCHMAN SAMANTHA R FAMILY MEMBER OF OFFICER FRANCIS, JAMES R. 112,553 EMPLOYMENT   No
(2) EMANUEL ELIZABETH M FAMILY MEMBER OF FORMER OFFICER NORBY, SUSAN M. 96,342 EMPLOYMENT   No
(3) FAMUYIDE OMOLOLA O FAMILY MEMBER OF TRUSTEE FAMUYIDE M.B.B.S., ABIMBOLA O. 91,093 EMPLOYMENT   No
(4) FARRUGIA MD STEFAN L FAMILY MEMBER OF TRUSTEE FARRUGIA M.D., GIANRICO 40,399 EMPLOYMENT   No
(5) KENDRICK CONNER D FAMILY MEMBER OF KEY EMPLOYEE KENDRICK M.D., MICHAEL L. 91,483 EMPLOYMENT   No
(6) LARSON MD MARK V FAMILY MEMBER OF TRUSTTE WILLIAMS M.D., AMY W. 789,280 EMPLOYMENT   No
(7) MIDTHUN MD DAVID E FAMILY MEMBER OF TRUSTTE WILLIAMS M.D., AMY W. 562,770 EMPLOYMENT   No
(8) PETERS MD MARGOT S FAMILY MEMBER OF FORMER KEY PETERS M.D., STEVE G. 364,117 EMPLOYMENT   No
(9) POE JUSTIN D FAMILY MEMBER OF FORMER KEY EMPLOYEE POE, JOHN D. 118,345 EMPLOYMENT   No
(10) RUDDY KATHRYN J FAMILY MEMBER OF KEY EMPLOYEE NOSEWORTHY M.D., PETER A. 660,081 EMPLOYMENT   No
(11) UHLENKAMP NOAH B FAMILY MEMBER OF FORMER OFFICER NORBY, SUSAN M. 64,321 EMPLOYMENT   No
(12) WALD MICHELLE K FAMILY MEMBER OF FORMER KEY EMPLOYEE WALD M.D., JOHN T. 65,968 EMPLOYMENT   No
(13) WILLIAMSON MD ERIC E FAMILY MEMBER OF KEY EMPLOYEE WILLIAMSON, MARY J. 907,732 EMPLOYMENT   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990) (Rev. 1-2025)


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SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large image Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large image Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....        
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications .. X 0 EXPERTS
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 354 77,667,015 MEAN MARKET VALUE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		X 1 212,109 EXPERTS
12 Securities—Miscellaneous .. X 2 207,875 EXPERTS
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential . X 1 1,090,000 EXPERTS
16 Real estate—Commercial .. X 2 2,080,000 EXPERTS
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies . X 1 0 EXPERTS
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( JEWELRY ) X 1 16,220 EXPERTS
26 Other Right pointing arrow large image ( EQUIPMENT ) X 1 0 EXPERTS
27 Other Right pointing arrow large image ( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement
29
5
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
Yes
 
b
If "Yes," describe in Part II.
33
If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2024)
Schedule M (Form 990) (2024)
Page 2
Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
PART I, COLUMN (B): FOR PURPOSES OF SCHEDULE M, MAYO CLINIC IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B).
PART I, LINE 32B: MAYO CLINIC (MAYO) UTILIZES SEVERAL THIRD PARTIES TO SELL NON-CASH CONTRIBUTIONS. FOR REAL ESTATE GIFTS, MAYO CONTRACTS WITH REALTORS AND BROKERS; FOR STOCK AND SECURITY GIFTS MAYO UTILIZES SEVERAL DIFFERENT BROKERS AND BROKERAGE FIRMS; FOR TANGIBLE PERSONAL PROPERTY, MAYO USES VARIOUS AUCTION OUTLETS DEPENDING ON THE VALUE (I.E. BONHAMS, CHRISTIE'S, SOTHEBY'S, ETC.). THESE ARRANGEMENTS ARE ALL FEE AND COMMISSION-BASED.
PART I, LINE 33: MAYO CLINIC RECEIVED IN-KIND GIFTS (BOOKS/PUBLICATIONS, CLOTHING/HOUSEHOLD GOODS, SUPPLIES, ETC.) THROUGHOUT THE YEAR WHERE NO REVENUE WAS RECORDED AND NO DESCRIPTIVE RECEIPTS WERE ISSUED. REVENUE IS RECOGNIZED ON GIFTS IN-KIND WHEN THE FAIR MARKET VALUE MEETS CAPITALIZATION THRESHOLDS OR WHEN TANGIBLE PERSONAL PROPERTY IS SOLD.
Schedule M (Form 990) (2024)

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Return Reference Explanation
FORM 990 LINE H MAYO CLINIC IS INCLUDED IN A GROUP EXEMPTION. THE GROUP EXEMPTION COVERS MAYO CLINIC (THE CENTRAL ORGANIZATION) AND MAYO CLINIC'S AFFILIATED SUBSIDIARIES (THE SUBORDINATE ORGANIZATIONS). FOR 2024, A GROUP RETURN (MAYO CLINIC GROUP RETURN - EIN: 38-3952644) WAS FILED THAT INCLUDED SEVENTEEN OF MAYO CLINIC'S SUBORDINATE ORGANIZATIONS. IN ACCORDANCE WITH REG. 1.6033-2(D)(5), WITH RESPECT TO THE CENTRAL ORGANIZATION, MAYO CLINIC HAS REPORTED THE INFORMATION REQUIRED BY REG. 1.6033-2(A)(2)(II)(F), (G) AND (H) ON ITS FORM 990 FOR THE 2024 TAX YEAR. THIS IS IN LIEU OF CONSOLIDATING SUCH INFORMATION WITH ITS SUBORDINATE ORGANIZATIONS AND REPORTING SUCH INFORMATION ON THE 2024 MAYO CLINIC GROUP RETURN.
FORM 990, PART VI, SECTION A, LINE 1A BETWEEN MEETINGS OF MAYO CLINIC'S BOARD OF TRUSTEES, MAYO CLINIC'S BYLAWS DELEGATE TO THE MAYO CLINIC BOARD OF GOVERNORS, AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, BROAD AUTHORITY TO EXERCISE THE POWERS OF THE BOARD OF TRUSTEES WITHIN CERTAIN LIMITATIONS OF TIME AND TOPIC.
FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING INDIVIDUAL(S) IS/ARE EMPLOYED BY A RELATED ORGANIZATION: SMITH, CHUCK J., DAHLEN, DENNIS E., WILLIAMS M.D., AMY W., ZORN, CHRISTINA K., THIELEN M.D., KENT R., MURPHY, JOSHUA B., HUBERT, SHERRY L., GORMAN, PAUL A., FRANCIS, JAMES R., FARRUGIA M.D., GIANRICO, BROWN, WILLIAM A. RESULTING IN A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUAL(S) WHO IS/ARE ASSOCIATED WITH THE RELATED ORGANIZATION AS AN OFFICER, DIRECTOR, OR TRUSTEE: DUNN, AJANI N., DIDEHBAN, ROSHANAK, NOSEWORTHY M.D., PETER A., DAHLEN, DENNIS E., MURPHY, JOSHUA B., HUBERT, SHERRY L., GORMAN, PAUL A., FRANCIS, JAMES R., BROWN, WILLIAM A., SMITH, CHUCK J. THE FOLLOWING INDIVIDUAL(S) IS/ARE EMPLOYED BY A RELATED ORGANIZATION: DIDEHBAN, ROSHANAK, GRAY M.D., RICHARD J., HARA M.D., AMY K., FONSECA M.D., RAFAEL, RESULTING IN A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUAL(S) WHO IS/ARE ASSOCIATED WITH THE RELATED ORGANIZATION AS AN OFFICER, DIRECTOR, OR TRUSTEE: DIDEHBAN, ROSHANAK, GRAY M.D., RICHARD J., HARA M.D., AMY K., FONSECA M.D., RAFAEL THE FOLLOWING INDIVIDUAL(S) IS/ARE EMPLOYED BY A RELATED ORGANIZATION: DUNN, AJANI N., MCLAUGHLIN M.D., SARAH A., RESULTING IN A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUAL(S) WHO IS/ARE ASSOCIATED WITH THE RELATED ORGANIZATION AS AN OFFICER, DIRECTOR, OR TRUSTEE: DUNN, AJANI N., MCLAUGHLIN M.D., SARAH A., THIELEN M.D., KENT R., ********************** WILLIAMSON, MARY J., HOLTAN, DOUGLAS J., HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF ROCHESTER AIRPORT COMPANY, A RELATED TAXABLE ENTITY. DAHLEN, DENNIS E., MURPHY, JOSHUA B., HUBERT, SHERRY L., HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF MAYO HOLDING COMPANY, A RELATED TAXABLE ENTITY. DAHLEN, DENNIS E., GORMAN, PAUL A., HAVE A BUSINESS RELATIONSHIP AS THEY SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF MAYO INSURANCE COMPANY, LTD, A RELATED TAXABLE ENTITY. BAKER JR., DOUGLAS M. GERBERDING M.D., JULIE L. SERVE AS AN OFFICER, DIRECTOR, OR TRUSTEE OF AN UNRELATED TAXABLE ENTITY RESULTING IN A BUSINESS RELATIONSHIP. THE FOLLOWING INDIVIDUALS ARE KEY EMPLOYEES OF MAYO CLINIC AND HAVE A FAMILY RELATIONSHIP: WILLIAMSON M.D., ERIC E. WILLIAMSON, MARY J.
FORM 990, PART VI, SECTION A, LINE 3 MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH AND OTHER RELATED COMPANIES PROVIDE MANAGEMENT SERVICES TO THE ENTIRE SYSTEM OF ENTITIES WHICH WOULD INCLUDE THE FILING ORGANIZATION. SINCE THE ENTITIES ARE RELATED ORGANIZATIONS, COMPENSATION FOR THE OFFICERS, DIRECTORS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES HAS BEEN DISCLOSED IN PART VII AND SCHEDULE J AS REQUIRED.
FORM 990, PART VI, SECTION A, LINE 4 ARTICLE III, SECTION 1 OF THE BYLAWS HAVING TO DO WITH MEETINGS OF TRUSTEES WAS AMENDED TO STATE THAT ANY ACTION MAY BE TAKEN WITHOUT A MEETING IF A UNANIMOUS VOTE OF ALL TRUSTEES IS MADE BY AUTHENTICATED WRITING, ELECTRONIC COMMUNICATION OR MAIL. PRIOR TO AMENDMENT, A MAJORITY VOTE RATHER THAN A UNANIMOUS VOTE BY ALL TRUSTEES WAS REQUIRED.
FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY MAYO CORPORATE TAX. THE TAX RETURN GOES THROUGH TWO LEVELS OF REVIEW WITHIN THE CORPORATE TAX UNIT AND IS REVIEWED BY THE TAX DIRECTOR. IT IS THEN REVIEWED BY THE DIVISION CHAIR-ACCOUNTING, CHAIR-FINANCIAL AND ACCOUNTING SERVICES, CHAIR-REVENUE CYCLE, CHIEF INVESTMENT OFFICER, CHIEF FINANCIAL OFFICER AND CHIEF LEGAL OFFICER. A COPY OF THE FORM 990 IS THEN PROVIDED TO EACH MEMBER OF MAYO CLINIC'S GOVERNING BODY VIA US MAIL, E-MAIL, OR DISTRIBUTION AT A BOARD MEETING. ALL QUESTIONS ARE ADDRESSED PRIOR TO FILING THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12C MAYO CLINIC AND ITS AFFILIATES HAVE A COMPREHENSIVE CONFLICT OF INTEREST POLICY APPLICABLE TO ALL OF THE AFFILIATED ENTITIES AND TO ALL DIRECTORS, OFFICERS, AND EMPLOYEES OF THOSE ENTITIES. ALL CURRENT AND FORMER OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES WHO WE ANTICIPATE WILL BE LISTED ON A FORM 990 ARE ASKED TO COMPLETE AN "ANNUAL TAX AND COMPLIANCE DISCLOSURE" FORM. THIS INFORMATION IS REVIEWED BY BOTH THE CORPORATE TAX DEPARTMENT AND THE OFFICE OF CONFLICT OF INTEREST REVIEW. ALL DISCLOSURES OF CURRENT OR PROPOSED ACTIVITY THAT REQUIRE ACTION UNDER THE POLICY ARE THE SUBJECT OF ONGOING REVIEW AND ACTION THROUGH THE OFFICE OF CONFLICT OF INTEREST REVIEW AND THE CONFLICT OF INTEREST REVIEW BOARD. INVOLVED INDIVIDUALS ARE INFORMED OF ALL REQUIRED ACTION. MANY TYPES OF RELATIONSHIPS THAT COULD CREATE CONFLICTS OF INTEREST ARE PROHIBITED. OTHER TYPES OF RELATIONSHIPS ARE PERMITTED SUBJECT TO COMPLIANCE WITH THE MANAGEMENT PLAN ESTABLISHED BY THE CONFLICT OF INTEREST REVIEW BOARD. A COMMON MANAGEMENT STRATEGY FOR PERMITTED ACTIVITIES IS TO REQUIRE BILATERAL RECUSAL AND APPROPRIATE DOCUMENTATION IN THE MINUTES OF MAYO CLINIC (AND/OR AFFILIATE) AND THE OUTSIDE ENTITY. ADDITIONAL CONFLICT OF INTEREST POLICIES AND PROCEDURES EXIST FOR CERTAIN ENTITIES CONCERNING RESEARCH CONTRACTS AND OTHER TYPES OF POTENTIAL CONFLICTS. THIS POLICY APPLIES TO THE ORGANIZATION'S DISREGARDED ENTITIES.
FORM 990, PART VI, SECTION B, LINE 15B MAYO CLINIC AND ITS AFFILIATES HAVE A COORDINATED PROCESS FOR REVIEWING AND APPROVING COMPENSATION AND BENEFITS FOR EXECUTIVE LEADERSHIP, CONSULTING STAFF AND SENIOR ADMINISTRATIVE LEADERSHIP, ALONG WITH ALLIED HEALTH STAFF. IN ADDITION TO ANY REVIEW AND APPROVAL THAT MAY TAKE PLACE AT THE LOCAL ENTITY OR REGIONAL LEVEL, THE FOLLOWING INDEPENDENT APPROVAL PROCESS OCCURS ANNUALLY PRIOR TO IMPLEMENTATION OF THE RESPECTIVE COMPENSATION INCREASE. THE COMPENSATION AND BENEFITS OF EXECUTIVE LEADERSHIP, CONSULTING STAFF AND SENIOR ADMINISTRATIVE LEADERSHIP FOR ALL CAMPUSES, INCLUDING THE MAYO CLINIC HEALTH SYSTEM LOCATIONS, ARE REVIEWED AND APPROVED BY THE MAYO CLINIC BOARD OF TRUSTEES GOVERNANCE AND NOMINATING COMMITTEE. SPECIFICALLY, THE COMPENSATION AND BENEFITS OF THE CEO AND SEVERAL OTHER OFFICERS AND KEY EMPLOYEES OF MAYO CLINIC AND MAYO CLINIC GROUP WERE REVIEWED AND APPROVED BY THE PROCESS DESCRIBED BELOW. THE MAYO CLINIC BOARD OF TRUSTEES GOVERNANCE AND NOMINATING COMMITTEE IS COMPRISED OF EIGHT OF THE EXTERNAL INDEPENDENT MEMBERS OF THE MAYO CLINIC BOARD OF TRUSTEES. THIS GROUP REVIEWS AND APPROVES THE COMPENSATION AND BENEFIT PROGRAMS FOR EXECUTIVE LEADERSHIP, CONSULTING STAFF AND CERTAIN SENIOR ADMINISTRATIVE LEADERSHIP FROM ALL CAMPUSES (INCLUDING ALL PERSONS BELIEVED TO BE DISQUALIFIED PERSONS). THIS PROCESS ESTABLISHES ACCEPTABLE RANGES FOR VARIOUS POSITIONS, LEVELS, AND SPECIALTIES. THE COMMITTEE USES COMPARABILITY DATA (INCLUDING THIRD-PARTY BENCHMARKING SURVEYS) IN ITS REVIEW AND DOCUMENTS DECISIONS IN ITS REVIEW AND DOCUMENTS DECISIONS IN ITS MINUTES. IN ADDITION, THE MAYO CLINIC BOARD OF TRUSTEES GOVERNANCE AND NOMINATING COMMITTEE DIRECTLY RETAINS AN INDEPENDENT THIRD-PARTY COMPENSATION CONSULTANT TO PROVIDE RELEVANT, CONTEMPORANEOUS BENCHMARK INFORMATION FOR A SMALL GROUP OF EXECUTIVE LEADERSHIP AND SENIOR PHYSICIAN POSITIONS (INCLUDING THE CEO) FOR WHICH AN INDIVIDUALIZED REVIEW AND RECOMMENDATION IS MADE.
FORM 990, PART VI, SECTION C, LINE 19 MAYO CLINIC'S ARTICLES OF INCORPORATION ARE AVAILABLE THROUGH THE SECRETARY OF STATE'S OFFICE OR UPON REQUEST FROM MAYO CLINIC. BYLAWS AND OTHER GOVERNANCE DOCUMENTS ARE AVAILABLE UPON REQUEST FOR PURPOSES THAT MAYO CLINIC DEEMS APPROPRIATE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON MAYO CLINIC'S WEBSITE OR UPON REQUEST. MAYO CLINIC'S CONSOLIDATED FINANCIAL STATEMENTS AND FEDERAL FORM 990 ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9: PENSION-POST RETIREMENT (PER FASB A 919,905,645. CONTRIBUTIONS-REFUND-FMV ADJUSTMENT -11,768,190. LOSSES ON UNCOLLECTIBLE PLEDGES -7,174,263. IC TRANSFER RESEARCH FUNDS -885,353.
FORM 990, PART XII, LINE 2C, AUDIT PROCESS THE OVERSIGHT OF THE AUDIT PROCESS OR THE PROCESS FOR SELECTING AN AUDITOR HAS NOT CHANGED.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) (Rev. 1-2025)


Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
Open to Public Inspection
Name of the organization
MAYO CLINIC
 
Employer identification number

41-6011702
Part I
Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) JOHN E HERMAN HOME AND TREATMENT FACILITY LLC
200 FIRST STREET SW
ROCHESTER,MN55905
82-4183345 		RESIDENTIAL RECOVERY AND TREATMENT FACILITY MN 964,397 4,200,103 MAYO CLINIC
 
(2) MAYO CLINIC COMMUNITY ACO LLC
200 FIRST STREET SW
ROCHESTER,MN55905
83-0610557 		ACCOUNTABLE CARE ORGANIZATION MN 27,442,286 301,814 MAYO CLINIC
 
(3) MC INTERNATIONAL LLC
200 FIRST STREET SW
ROCHESTER,MN55905
83-2805059 		CONTRACTING SERVICES MN 97,634,507 88,816,174 MAYO CLINIC
 
(4) MC PROPERTY HOLDINGS LLC
200 FIRST STREET SW
ROCHESTER,MN55905
84-3454849 		REAL ESTATE MN 0 0 MAYO CLINIC
 
(5) FRANKLIN HEATING STATION LLC
200 FIRST STREET SW
ROCHESTER,MN55905
41-0264830 		UTILITY MN 835,284 58,736,447 MAYO CLINIC
 
(6) MCHS--DECORAH CLINIC PHYSICIANS LLC
907 MONTGOMERY STREET
DECORAH,IA52101
41-1711329 		PATIENT CARE - CLINIC WI 14,621,046 8,126,573 MAYO CLINIC
 
Part II
Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)BLOOMER LAKEVIEW INC
2110 DUNCAN ROAD

BLOOMER,WI54724
39-1450617 		LOW INCOME HOUSING WI 501(C)(3) 7 MCHS--NORTHWEST WISCONSIN REGION INC
 
Yes
 
(2)CHARTERHOUSE INC
200 FIRST STREET SW

ROCHESTER,MN55905
41-1405254 		RETIREMENT LIVING CENTER MN 501(C)(3) 10 MAYO CLINIC
 
Yes
 
(3)DESTINATION MEDICAL CENTER EDA
50 SOUTH SIXTH STREET SUITE 1500

MINNEAPOLIS,MN554021498
46-4893585 		ECONOMIC DEVELOPMENT MN 501(C)(3) 12-I MAYO CLINIC
 
Yes
 
(4)MAYO CLINIC AMBULANCE
200 FIRST STREET SW

ROCHESTER,MN55905
41-1917516 		AMBULANCE SERVICE MN 501(C)(3) 10 MFMER
 
Yes
 
(5)LUTHER LAKESIDE APARTMENTS INC
PO BOX 1510

EAU CLAIRE,WI54702
39-1409024 		LOW INCOME HOUSING FOR ELDERLY WI 501(C)(3) 10 MCHS--NORTHWEST WISCONSIN REGION INC
 
Yes
 
(6)MAYO CLINIC ARIZONA
13400 EAST SHEA BOULEVARD

SCOTTSDALE,AZ85259
86-0800150 		HOSPITAL AND CLINIC AZ 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(7)MAYO CLINIC FLORIDA (A NONPROFIT CORPORATION)
4500 SAN PABLO ROAD

JACKSONVILLE,FL32224
59-0714831 		HOSPITAL FL 501(C)(3) 3 MAYO CLINIC JACKSONVILLE
 
Yes
 
(8)MAYO CLINIC HOSPITAL -- ROCHESTER
200 FIRST STREET SW

ROCHESTER,MN55905
41-0944601 		HOSPITAL MN 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(9)MAYO CLINIC JACKSONVILLE
4500 SAN PABLO ROAD

JACKSONVILLE,FL32224
59-3337028 		PATIENT CARE - CLINIC FL 501(C)(3) 7 MAYO CLINIC
 
Yes
 
(10)MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
200 FIRST STREET SW

ROCHESTER,MN55905
41-1506440 		CHARITABLE, EDUCATIONAL & SCIENTIFIC ACTIVITIES MN 501(C)(3) 10 MAYO CLINIC
 
Yes
 
(11)MCHS--AUSTIN FOUNDATION
1000 FIRST DRIVE NW

AUSTIN,MN55912
30-0107471 		FUNDRAISING FOUNDATION MN 501(C)(3) 12-I MCHS--SOUTHEAST MINNESOTA REGION
 
Yes
 
(12)MCHS--FAIRMONT
800 MEDICAL CENTER DRIVE PO BOX 800

FAIRMONT,MN56031
41-0760836 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MCHS--SOUTHWEST MINNESOTA REGION
 
Yes
 
(13)MCHS--SOUTHWEST WISCONSIN REGION INC
700 WEST AVE SOUTH

LA CROSSE,WI54601
39-0806374 		HOSPITAL AND CLINIC WI 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(14)MCHS--LAKE CITY
500 WEST GRANT STREET

LAKE CITY,MN55041
41-1906820 		HOSPITAL MN 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(15)MCHS--NORTHWEST WISCONSIN REGION INC
1221 WHIPPLE STREET

EAU CLAIRE,WI54703
39-0813418 		HOSPITAL WI 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(16)MCHS--SOUTHEAST MINNESOTA REGION
1000 FIRST DRIVE NW

AUSTIN,MN55912
41-1404075 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(17)MCHS--SOUTHWEST MINNESOTA REGION
1025 MARSH STREET

MANKATO,MN56001
41-1236756 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MAYO CLINIC
 
Yes
 
(18)MCHS--ST JAMES
1101 MOULTON PARSONS DR PO BOX 460

ST JAMES,MN56081
41-0797368 		HOSPITAL AND CLINIC MN 501(C)(3) 3 MCHS--SOUTHWEST MINNESOTA REGION
 
Yes
 
(19)ENGEBRETSON FAMILY CHARITABLE TRUST
6325 S RAINBOW BLVD STE 300

LAS VEGAS,NV89118
41-6445383 		CHARITABLE TRUST MN 501(C)(3) 12-II N/A
 
No
(20)NAEVE HEALTH CARE FOUNDATION
404 WEST FOUNTAIN ST

ALBERT LEA,MN56007
41-1989509 		FUNDRAISING FOUNDATION MN 501(C)(3) 12-III-FI N/A
 
No
(21)THE HIRSH FAMILY FOUNDATION
108 NORTH MAIN STREET

AUSTIN,MN55912
41-1749842 		FUNDRAISING FOUNDATION MN 501(C)(3) 12-I N/A
 
No
(22)DREW FOUNDATION
PO BOX 2578

JACKSONVILLE,FL322032578
59-6669745 		CHARITABLE TRUST FL 501(C)(3) 12-I N/A
 
No
(23)HORMEL FOUNDATION
329 N MAIN ST SUITE 102L

AUSTIN,MN55912
41-0694716 		FUNDRAISING FOUNDATION MN 501(C)(3) 12-I N/A
 
No
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) LATIGO PETROLEUM LLC

PO BOX 14230
ODESSA,TX79768
36-4767494 		OIL & GAS EXPLORATION DE MAYO CLINIC
  		UNRELATED 24,488,393 77,920,913   No 12,561,416 Yes   72.000 %
(2) MAYO CLINIC HEALTHCARE LLP

15 PORTLAND PLACE
LONDON    
UK
HEALTHCARE UK MAYO CLINIC (UK) LTD
  		UNRELATED       No     No  










Part IV
Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) MAYO CLINIC SUPPORT SERVICES TEXAS

200 FIRST STREET SW
ROCHESTER,MN55905
47-1751102 		HEALTH SERVICES TX MAYO CLINIC
  		C 32,490 96,226 100.000 % Yes  
(2) MAYO CLINIC UK LTD

3 MORE LONDON RIVERSIDE
LONDON    
UK
INVESTMENT ACTIVITIES UK MAYO CLINIC
  		C 448,149 80,735,195 100.000 % Yes  
(3) MAYO HOLDING COMPANY

200 FIRST STREET SW
ROCHESTER,MN55905
41-1578020 		HOLDING COMPANY MN MAYO CLINIC
  		C 14,268 44,677,614 100.000 % Yes  
(4) MAYO INSURANCE COMPANY LTD

200 FIRST STREET SW
ROCHESTER,MN55905
 SELF INSURANCE POOL CJ MAYO CLINIC
  		C 40,437,796 185,711,765 100.000 % Yes  
(5) RESOUNDANT INC

421 1ST AVE SW SUITE 204W
ROCHESTER,MN55902
46-1661978 		MANUFACTURING MEDICAL DEVICE COMPONENT MN MFMER
  		C       Yes  
(6) ROCHESTER AIRPORT COMPANY

200 FIRST STREET SW
ROCHESTER,MN55905
41-0506870 		AIRPORT MANAGEMENT MN MAYO HOLDING COMPANY
  		C       Yes  
(7) SUPERBLOCK 3 PROPERTY OWNERS ASSOCIATION

13400 E SHEA BLVD
SCOTTSDALE,AZ85259
86-0870505 		COMMERCIAL PROPERTY OWNERS ASSOCIATION AZ MAYO CLINIC ARIZONA
  		C       Yes  
(8) THE STABILE BUILDING OWNERS' ASSOCIATION

200 FIRST STREET SW
ROCHESTER,MN55905
20-8994499 		COMMERCIAL PROPERTY OWNERS ASSOCIATION MN MAYO CLINIC
  		C     85.000 % Yes  
(9) MC ALLIANCE LTD

200 FIRST STREET SW
ROCHESTER,MN55905
98-1527769 		HEALTHCARE AND ADMINISTRATIVE SERVICES CJ MC INTERNATIONAL
  		C 1,448,573 25,599,401 100.000 % Yes  
(10) MAYO CLINIC UK 2 LTD

3 MORE LONDON RIVERSIDE
LONDON    
UK
INVESTMENT ACTIVITIES UK MAYO CLINIC UK LTD
  		C       Yes  
(11) MC HEALTHCARE SERVICES INDIA PRIVATE LIMITED

1 WORLD TOWER 10TH FLOOR TOWER 2A
MUMBIA    
IN
HEALTHCARE AND ADMINISTRATIVE SERVICES IN MC INTERNATIONAL
  		C 139,829 163,267 99.900 % Yes  
(12) MAYO COLLABORATIVE SERVICES INC

200 FIRST STREET SW
ROCHESTER,MN55905
41-1346366 		REFERENCE LAB SERVICES DE MAYO CLINIC
  		C 490,368,195 389,151,440 100.000 % Yes  
(13) SENDERO BIOTECHNOLOGY INC

155 GIBBS STREET SUITE 511
ROCKVILLE,MD20850
87-4085776 		BIOTECHNOLOGY DEVELOPMENT DE MAYO CLINIC
  		C   211,660 81.100 % Yes  
(14) CHARITABLE LEAD TRUST

 
 
CHARITABLE TRUST CA MAYO CLINIC
  		T 1,870,613 20,884,991 89.000 % Yes  
(15) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST AZ MAYO CLINIC
  		T   312,743 60.000 % Yes  
(16) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST CO MAYO CLINIC
  		T   1,712,559 100.000 % Yes  
(17) CHARITABLE REMAINDER TRUST (4)

 
 
CHARITABLE TRUST FL MAYO CLINIC
  		T       Yes  
(18) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST MA MAYO CLINIC
  		T   429,537 100.000 % Yes  
(19) CHARITABLE REMAINDER TRUST (98)

 
 
CHARITABLE TRUST MN MAYO CLINIC
  		T       Yes  
(20) CHARITABLE REMAINDER TRUST (2)

 
 
CHARITABLE TRUST NC MAYO CLINIC
  		T       Yes  
(21) CHARITABLE REMAINDER TRUST (2)

 
 
CHARITABLE TRUST NV MAYO CLINIC
  		T       Yes  
(22) PERPETUAL TRUST

 
 
CHARITABLE TRUST LA MAYO CLINIC
  		T   2,273,971 100.000 % Yes  
(23) PERPETUAL TRUST (2)

 
 
CHARITABLE TRUST MA MAYO CLINIC
  		T       Yes  
(24) PERPETUAL TRUST

 
 
CHARITABLE TRUST MO MAYO CLINIC
  		T 15,813 186,810 100.000 % Yes  
(25) PERPETUAL TRUST

 
 
CHARITABLE TRUST ND MFMER
  		T       Yes  
(26) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST CO MFMER
  		T       Yes  
(27) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST FL MFMER
  		T       Yes  
(28) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST MI MFMER
  		T       Yes  
(29) CHARITABLE REMAINDER TRUST (38)

 
 
CHARITABLE TRUST MN MFMER
  		T       Yes  
(30) CHARITABLE REMAINDER TRUST

 
 
CHARITABLE TRUST TX MFMER
  		T       Yes  
(31) CHARITABLE REMAINDER TRUST (6)

 
 
CHARITABLE TRUST MN MCHS--SOUTHWEST MINNESOTA REGION
  		T       Yes  
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
 
No
p Reimbursement paid to related organization(s) for expenses ............................
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
Yes
 
r Other transfer of cash or property to related organization(s) ............................
1r
Yes
 
s Other transfer of cash or property from related organization(s) ............................
1s
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH

 B 65,126,108 GAAP
(2) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH

 C 100,563,456 GAAP
(3) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH

 L 433,415 GAAP
(4) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH

 M 201,477 GAAP
(5) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH

 N 50,976,769 GAAP
(6) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH

 P 5,579,131,176 GAAP
(7) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH

 Q 738,824,546 GAAP
(8) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH

 R 73,168,967 GAAP
(9) MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH

 S 405,973,400 GAAP
(10) MAYO CLINIC AMBULANCE

 A 650,488 GAAP
(11) MAYO CLINIC AMBULANCE

 P 648,742 GAAP
(12) MAYO CLINIC AMBULANCE

 Q 7,241,989 GAAP
(13) MAYO CLINIC AMBULANCE

 R 630,782 GAAP
(14) MAYO CLINIC AMBULANCE

 S 468,959 GAAP
(15) CHARTERHOUSE INC

 B 109,475 GAAP
(16) CHARTERHOUSE INC

 N 101,290 GAAP
(17) CHARTERHOUSE INC

 P 756,783 GAAP
(18) CHARTERHOUSE INC

 Q 770,539 GAAP
(19) CHARTERHOUSE INC

 R 5,673,751 GAAP
(20) CHARTERHOUSE INC

 S 308,267 GAAP
(21) MAYO COLLABORATIVE SERVICES INC

 A 155,935 GAAP
(22) MAYO COLLABORATIVE SERVICES INC

 L 523,565,612 GAAP
(23) MAYO COLLABORATIVE SERVICES INC

 M 13,394,877 GAAP
(24) MAYO COLLABORATIVE SERVICES INC

 N 4,525,555 GAAP
(25) MAYO COLLABORATIVE SERVICES INC

 P 159,269,450 GAAP
(26) MAYO COLLABORATIVE SERVICES INC

 Q 13,632,129 GAAP
(27) MAYO COLLABORATIVE SERVICES INC

 R 19,183,806 GAAP
(28) MAYO CLINIC HOSPITAL ROCHESTER

 B 2,547,278 GAAP
(29) MAYO CLINIC HOSPITAL ROCHESTER

 C 1,123,662,508 GAAP
(30) MAYO CLINIC HOSPITAL ROCHESTER

 N 1,115,372 GAAP
(31) MAYO CLINIC HOSPITAL ROCHESTER

 P 256,629,050 GAAP
(32) MAYO CLINIC HOSPITAL ROCHESTER

 Q 32,318,432 GAAP
(33) MAYO CLINIC HOSPITAL ROCHESTER

 R 4,056,919 GAAP
(34) MAYO CLINIC HOSPITAL ROCHESTER

 S 272,520 GAAP
(35) MAYO CLINIC ARIZONA

 A 48,350,111 GAAP
(36) MAYO CLINIC ARIZONA

 B 97,499,392 GAAP
(37) MAYO CLINIC ARIZONA

 C 129,321,095 GAAP
(38) MAYO CLINIC ARIZONA

 L 309,958 GAAP
(39) MAYO CLINIC ARIZONA

 N 5,936,885 GAAP
(40) MAYO CLINIC ARIZONA

 P 102,319,828 GAAP
(41) MAYO CLINIC ARIZONA

 Q 6,145,478 GAAP
(42) MAYO CLINIC ARIZONA

 R 66,306,513 GAAP
(43) MAYO CLINIC JACKSONVILLE

 A 19,254,464 GAAP
(44) MAYO CLINIC JACKSONVILLE

 B 120,250,322 GAAP
(45) MAYO CLINIC JACKSONVILLE

 C 158,808,584 GAAP
(46) MAYO CLINIC JACKSONVILLE

 L 664,463 GAAP
(47) MAYO CLINIC JACKSONVILLE

 N 38,897,035 GAAP
(48) MAYO CLINIC JACKSONVILLE

 P 40,041,953 GAAP
(49) MAYO CLINIC JACKSONVILLE

 Q 5,923,843 GAAP
(50) MAYO CLINIC JACKSONVILLE

 R 39,161,287 GAAP
(51) MAYO CLINIC JACKSONVILLE

 S 286,386 GAAP
(52) MAYO CLINIC FLORIDA

 A 12,014,341 GAAP
(53) MAYO CLINIC FLORIDA

 B 4,570,352 GAAP
(54) MAYO CLINIC FLORIDA

 N 33,305,987 GAAP
(55) MAYO CLINIC FLORIDA

 P 49,659,002 GAAP
(56) MAYO CLINIC FLORIDA

 R 103,952 GAAP
(57) MCHS NORTHWEST WISCONSIN REGION INC

 A 11,031,837 GAAP
(58) MCHS NORTHWEST WISCONSIN REGION INC

 B 226,717 GAAP
(59) MCHS NORTHWEST WISCONSIN REGION INC

 C 80,267,649 GAAP
(60) MCHS NORTHWEST WISCONSIN REGION INC

 L 105,351 GAAP
(61) MCHS NORTHWEST WISCONSIN REGION INC

 M 4,667,129 GAAP
(62) MCHS NORTHWEST WISCONSIN REGION INC

 N 3,329,279 GAAP
(63) MCHS NORTHWEST WISCONSIN REGION INC

 P 54,326,966 GAAP
(64) MCHS NORTHWEST WISCONSIN REGION INC

 Q 553,998 GAAP
(65) MCHS NORTHWEST WISCONSIN REGION INC

 R 2,076,544 GAAP
(66) MCHS SOUTHWEST WISCONSIN REGION INC

 A 4,125,577 GAAP
(67) MCHS SOUTHWEST WISCONSIN REGION INC

 B 95,970,322 GAAP
(68) MCHS SOUTHWEST WISCONSIN REGION INC

 M 4,967,349 GAAP
(69) MCHS SOUTHWEST WISCONSIN REGION INC

 N 8,877,431 GAAP
(70) MCHS SOUTHWEST WISCONSIN REGION INC

 P 24,425,557 GAAP
(71) MCHS SOUTHWEST WISCONSIN REGION INC

 Q 124,664 GAAP
(72) MCHS SOUTHWEST WISCONSIN REGION INC

 R 559,317 GAAP
(73) MCHS LAKE CITY

 A 484,274 GAAP
(74) MCHS LAKE CITY

 B 85,329 GAAP
(75) MCHS LAKE CITY

 N 110,542 GAAP
(76) MCHS LAKE CITY

 P 2,100,966 GAAP
(77) MCHS LAKE CITY

 R 1,496,534 GAAP
(78) MCHS SOUTHEAST MINNESOTA REGION

 A 7,258,947 GAAP
(79) MCHS SOUTHEAST MINNESOTA REGION

 B 28,352,119 GAAP
(80) MCHS SOUTHEAST MINNESOTA REGION

 C 23,613,952 GAAP
(81) MCHS SOUTHEAST MINNESOTA REGION

 M 4,246,625 GAAP
(82) MCHS SOUTHEAST MINNESOTA REGION

 N 7,028,581 GAAP
(83) MCHS SOUTHEAST MINNESOTA REGION

 P 34,407,067 GAAP
(84) MCHS SOUTHEAST MINNESOTA REGION

 Q 342,932 GAAP
(85) MCHS SOUTHEAST MINNESOTA REGION

 R 69,995 GAAP
(86) MCHS AUSTIN FOUNDATION

 R 119,105 GAAP
(87) MCHS SOUTHWEST MINNESOTA REGION

 A 8,026,744 GAAP
(88) MCHS SOUTHWEST MINNESOTA REGION

 B 118,423,244 GAAP
(89) MCHS SOUTHWEST MINNESOTA REGION

 C 11,806,947 GAAP
(90) MCHS SOUTHWEST MINNESOTA REGION

 L 92,018 GAAP
(91) MCHS SOUTHWEST MINNESOTA REGION

 M 4,028,528 GAAP
(92) MCHS SOUTHWEST MINNESOTA REGION

 N 5,773,765 GAAP
(93) MCHS SOUTHWEST MINNESOTA REGION

 P 33,932,730 GAAP
(94) MCHS SOUTHWEST MINNESOTA REGION

 Q 417,286 GAAP
(95) MCHS SOUTHWEST MINNESOTA REGION

 R 170,074 GAAP
(96) MCHS FAIRMONT

 A 832,497 GAAP
(97) MCHS FAIRMONT

 B 87,320 GAAP
(98) MCHS FAIRMONT

 N 1,722,693 GAAP
(99) MCHS FAIRMONT

 P 4,628,757 GAAP
(100) MCHS FAIRMONT

 R 168,144 GAAP
(101) MCHS ST JAMES

 P 1,533,840 GAAP
(102) MCHS ST JAMES

 R 3,208,863 GAAP
(103) MAYO CLINIC UK LTD

 A 1,839,587 GAAP
(104) MAYO CLINIC UK LTD

 S 25,163,957 GAAP
(105) MC INDIA

 M 58,651 GAAP
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
Schedule R (Form 990) (Rev. 1-2025)

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