Regents of the University of Minnesota

Overview

The Regents of the University of Minnesota is designated as a nonprofit organization under section 501(c)(3), focusing on educational, youth development, and possibly agricultural youth development activities. Contributions, program services, net fundraising, and other sources form the primary revenue streams for this organization[1].

Mission and Activities

While specific details about the mission of this particular entity are limited, the Regents of the University of Minnesota generally oversee various educational and developmental initiatives, including those related to youth development and agricultural education. The organization operates under the broader umbrella of the University of Minnesota, which encompasses multiple campuses and programs[1][5].

Financial Structure

The financial reports indicate that contributions, program services, and net fundraising are significant components of the organization's revenue. In recent years, contributions have accounted for approximately 35% to 46.7% of total revenue, while program services and net fundraising also play substantial roles[1].

Tax-Exempt Status

As a 501(c)(3) organization, donations made to the Regents of the University of Minnesota are tax-deductible. This status allows donors to claim deductions on their federal taxes for contributions made to the entity[1]. However, it's worth noting that while the Regents themselves are a state entity, specific programs might need to apply separately for tax-exempt status if they are not already covered by the university's umbrella[4].

Governance

Information on the specific governance structure or key officers of this entity is not readily available. Typically, organizations like this are overseen by appointed or elected officials, including those from the university administration[5].

References