October 27, 2009--The board of trustees of the Minnesota Medical Foundation (MMF) at the University of Minnesota held its annual meeting on October 26 to approve the foundation's audited financial results for fiscal year 2009 and to elect new board members.
The foundation reported fiscal year-end giving of $124.9 million, a record for the University's second-largest foundation.
"In a tough economic year, donors continue to believe in the power of health research, care and education that this University provides to our community and our world," said Becky Malkerson, president and CEO of the foundation. "Every day in Minnesota, someone is diagnosed with cancer, a family carries the burden of Alzheimer's disease and a child struggles to manage his diabetes. Gifts made this year will reduce the burden of these diseases."
The foundation exceeded last year's $122.2 million record year largely as a result of two gifts: $50 million from Caroline Amplatz to name University of Minnesota Amplatz Children's Hospital, and a $40 million pledge from the Richard M. Schulze Family Foundation for research aimed at curing type 1 diabetes.
"The work and dedication of our faculty, staff and students is an inspiration to us all--especially the donors and patients who push us to do even greater work to transform the lives and health care of our families and our community," said Frank B. Cerra, M.D., dean of the University's Medical School and senior vice president for health sciences. "Without the support of private dollars, such excellence would not be possible."
On October 26, MMF also elected seven new members to its board of trustees at the foundation's annual meeting.
The newly elected members, who will serve four-year terms on the MMF board, are:
James G. Anderson, of Fountain Hills, Ariz., chief administrative officer emeritus of the Mayo Clinic in Arizona. His current role, developing collaborative relationships in Arizona, adds to his more than 35 years on the Mayo Clinic administrative staff -- 11 of them as a Mayo trustee. Prior to his work in Arizona, Anderson served as administrator for Rochester Methodist Hospital and helped guide its merger with the Mayo Clinic in the mid-1980s. He was president and executive director for St. Luke's Hospital, the Mayo hospital in Jacksonville, Florida. Anderson is an alumnus of the University of Minnesota's Master of Healthcare Administration program in the School of Public Health and a fellow in the American College of Healthcare Executives.
Patti Andreini Arnold, of Minneapolis, chief operating officer of University of Minnesota Physicians. In that role, she is responsible for finance, contracting, risk management, compliance, board relations, marketing, communications and business development of the University of Minnesota Medical School's faculty practice plan. She previously served as the organization's chief financial officer for four years. Before joining University of Minnesota Physicians, Arnold was vice president of finance and treasurer for Hamline University and vice president of finance for Medica. A certified CPA, Arnold will chair the Minnesota Medical Foundation board of trustees' new finance/audit committee.
Thomas Cartier, of Duluth, Minn., president of the Cartier Agency in Duluth, a family business and leading independent insurance agency in the Duluth area. He is also chairman of the Spring Point Project, which partners with the University of Minnesota on research directed at developing a cure for type 1 diabetes. Cartier attended the University of Minnesota-Duluth and is a longtime supporter of diabetes research at the University.
Judy Gaviser, of Minneapolis, former vice president of corporate affairs and communications at American Express Financial Advisors (now Ameriprise), where she also served as director of community relations and philanthropy. Prior to that, she was vice president of marketing and director of advertising and public relations at what is now RBC Dain Rauscher. Gaviser graduated Phi Beta Kappa from the University of Minnesota, where she earned an M.A. in speech pathology. She also holds an MBA from the University of St. Thomas. She is a long-term supporter of the University's Medical School and its children's cancer research.
John Hallberg, of Wayzata, Minn., who has served as chief executive officer of the Children's Cancer Research Fund since 2006. Over the past 30 years, the Children's Cancer Research Fund has donated tens of millions of dollars exclusively to pediatric cancer research efforts at the University of Minnesota. Hallberg previously served as interim president for Diversified Graphics and has held senior executive positions at Getty Images in Chicago and at Encyclopedia Britannica and worked for 11 years at General Mills.
Elizabeth Hawn, J.D., of Wayzata, Minn., a dedicated community volunteer who has recently served as a guardian ad litem, a school and prison tutor, a board member and chair of the Ripley Foundation, the Stevens Square Foundation and the Orono Planning Commission. She is also a former family law mediator and previously worked as a criminal, juvenile and family law attorney for Kelly and Jacobsen in Minneapolis. Prior to that, Hawn was an assistant district attorney for the New York County District Attorney's Office.
Roby Thompson Jr., M.D., of Long Lake, Minn., an accomplished surgeon and professor in the University of Minnesota's Department of Orthopaedic Surgery. A returning member of the MMF board trustees, he serves on the executive committee and chairs the development committee. Thompson retired this fall as chief executive officer of University of Minnesota Physicians and as vice dean for clinical affairs at the Medical School. He currently serves as a member of the board of directors for Fairview Health Services and chairs that board's finance committee.
The Minnesota Medical Foundation board of trustees includes both medical and nonmedical community leaders along with the vice chair of the University's Board of Regents, the president of the University, the senior vice president for health sciences, the deans of the Medical School and the School of Public Health, the chairs of the Basic and Clinical Sciences Councils and the president of the Medical Alumni Society.
Minnesota Medical Foundation 2009-10 Board of Trustees
* Mary K. Stern, CFA, Chair * Thomas G. Olson, Vice Chair * Susan Gunderson, Secretary * Eric J. Neetenbeek, Treasurer
* Catherine L. Agee * Honorable Clyde E. Allen Jr.* * Mark R. Allison* * James G. Anderson * DeWalt H. (Pete) Ankeny Jr. * Patti Andreini Arnold * Robert H. Bruininks, Ph.D.* * David S. Cannom, M.D. * Thomas Cartier * Frank B. Cerra, M.D.* * Gary L. Davis, Ph.D.* * Wendy W. Dayton * Timothy J. Ebner, M.D., Ph.D.* * Mark A. Eustis * John R. Finnegan Jr., Ph.D.* * Barbara L. Forster * Judy Gaviser * Stanley M. Goldberg, M.D., F.A.C.S. * Alison B. Good * Peter M. Grant II * Beverly N. Grossman * John Hallberg * Elizabeth Hawn, J.D. * Sidney Kaplan * Richard E. Kuntz, M.D. * Richard L. Lindstrom, M.D. * George E. Maas * Wesley J. Miller, M.D.* * Philip W. Ordway * Richard T. Ostlund* * Mark S. Paller, M.D., M.S.* * Treva R. Paparella* * Susan B. Plimpton * James P. Stephenson * Martin J. Stillman, M.D., J.D.* * Roby Thompson Jr., M.D. * Selwyn M. Vickers, M.D. * Winston R. Wallin * Charles F. Wiser Jr.
*ex officio members
Founded in 1939, MMF raises millions of dollars annually for health-related research, education and care at the University of Minnesota, with gifts supporting faculty positions, scholarships, academic programs, equipment purchases and research. Gifts directed to research fund studies related to brain, nerve and muscle disorders; cancer; children's health; diabetes; heart and lung diseases; key technologies; special initiatives and scholarships and health education.