990 PF •Eturn of Private Foundatior0 OMB No 15 5-0052
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OMB No 15 5-0052 Form 990_PF •eturn of Private Foundatior0 or Section 4947(a)(1) Nonexempt Charitable Trust 200 Treated Department of the Treasury as a Private Foundation Internal Revenue service Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements. For calendar year 2009 , or tax year beginning MAY 1 , 2009 , and ending APR 30, 2010 G Check all that apply. 0 Initial return 0 Initial return of a former public charity 0 Final return 0 Amended return n Address chanoe n Name chance Name of foundation Use the IRS A Employer identification number label Otherwise , MEDTRONIC FOUNDATION 41-1306950 print Number and street (or P 0 box number if mail is not delivered to street address) Room/swte B Telephone number or type . 710 MEDTRONIC PKWY ( 763 ) 505-2639 See Specific City town, state, and ZIP code C If exemption is pending , check here Instructions . ry application INNEAPOLI S MN 5 5 4 3 2 D 1 - Foreign organizations, check here For eign 85% test. H Check type of organization : ® Section 501(c)(3 ) exempt private foundation 2 an d att ach comt pt ahe 0 Section 4947(a)( 1 ) nonexem pt charitable trust Other taxable p rivate foundation E If priva te foun dation status was terminated I Fair market value of all assets at end of year J Accounting method: ® Cash Accrual under section 507(b)(1)(A), check here (from Part 11, col (c), line 16) 0 Other ( specify ) F If the foundation is in a 60-month terminatio n $ 8 3 9 4 0 5 31 . (Part 1, column (d) must be on cash basis) under section 507(b )( 1 B check here Analysis of Revenue and Expenses Part I ( a) Revenue and (b ) Net investment (c) Adjusted net (d) Disbursements (The total of amounts in columns (b). (c), and (d) may not for charitable purposes expenses per books income income necessarily equal the amounts in column (am) (cash basis only) 1 Contributions , gifts, grants, etc., received 3 04 , 671 . N/A 2 Check ► O If the toundahon is not required to attach Sch B s and temporary 3 'cash investments 350 , 511. 350 , 511. S TATEMENT 1 -4 4 Dividends and interest from securities Q 5a Gross rents L_ b Net rental income or (loss) L 6a Net gain or (loss) from sale of assets not on line 10 333. 7 Gross sales price for all b assets on line 6a 1,200,000 . U 7 Capital gain net income (from Part IV, line 2) y 333. cc 8 Net short-term capital gain <61 9 Income rZ Gross sal 10a and allow M b Less Cos 0 c Gross p es 11 Other m 12 TotalAChne unh _N% 655 515. 350 844. 13 Compensate of offc a ees, etc 4 60 , 10 8. 0. 460 , 108. 14 Other empl e salaries and wages 228 , 891. 0. 228 , 891. 15 Pension plans, employee benefits Vl y 16a Legal fees a b Accounting fees STMT 2 6 , 200. 0. 6 , 200. W c Other professional fees STMT 3 304 , 950. 0. 304 , 950. 17 Interest 18 Taxes STMT 4 25. 0. 0. 19 Depreciation and depletion E 20 Occupancy v a 21 Travel, conferences, and meetings 22 Printing and publications 23 Other expenses STMT 5 1 , 650 , 633. 0. 1 , 747 , 720. 24 Total operating and administrative expenses . Add lines 13 through 23 2 , 65 0 , 807. 0. 2- , 74-7 , 869. 0 25 Contributions, gifts, grants paid 2 6 , 570 , 593. 26 , 570 , 593. 26 Total expenses and disbursements Add lines 24 and 25 29 221 400. 0. 29 318 462. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements - 28 , 565 , 885. b Net investment income (if negative, enter -0-) 350 , 844. c Adjusted net income (if negative, enter -0-) KT a 92=oz-io LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions . Form 990-PF (2009) 1 v Form 990-PF (2009) MFDTRONTC 1116ATTnN 0 41 -1 "Af)Fgcfl Paae2 Attached schedules and amounts to the description Beginning of year End of year Part II Balance Sheets column should be for end -of-year amounts only (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing 223 , 521. 53 , 796. 53 , 796. 2 Savings and temporary cash investments 104 , 805 , 465. 13 , 820 , 940. 1 13 , 820 , 940. 3 Accounts receivable ► Less: allowance for doubtful accounts ► 4 Pledges receivable ► Less: allowance for doubtful accounts ► 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons 7 Other notes and loans receivable ► Less: allowance for doubtful accounts ► 8 Inventories for sale or use u, 9 Prepaid expenses and deferred charges N 10a Investments- U.S. and state government obligations STMT 6 0. 29 , 024 , 212. 29 , 024 , 212. b Investments - corporate stock c Investments - corporate bonds STMT 7 7 , 507 , 020. 40 687 , 224. 40 , 687 , 224. 11 Investments - Land, buildings , and egmpmenl basis ► Less accumulated depreciation ► 12 Investments - mortgage loans 13 Investments - other 14 Land, buildings, and equipment basis ► Less accumulated depreciation ► 15 Other assets (describe ► INTEREST RECEIVABLE ) 85 , 026. 354 359. 354 359. 16 Total assets to be com p leted by all filers 112 , 6 1 , 032. 83 , 940 , 531. 83 , 940 , 531. 17 Accounts payable and accrued expenses 18 Grants payable u) 19 Deferred revenue 20 Loans from officers, directors, trustees, and other disqualified persons 21 Mortgages and other notes payable J 22 Other liabilities (describe ► STATEMENT 8 1 , 498 , 235. 1 , 402 , 305. 23 Total liabilities add lines 17 throu gh 22 1 , 498 , 235. 1 ,402, 3 05. Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31 24 Unrestricted 111 , 122 , 797. 82 , 538 , 226. 25 Temporarily restricted co 26 Permanently restricted 3 Foundations that do not follow SFAS 117, check here ► 0 LL and complete lines 27 through 31. y 27 Capital stock, trust principal, or current funds y 28 Paid-in or capital surplus, or land, bldg., and equipment fund a 29 Retained earnings, accumulated income, endowment, or other funds Z 30 Total net assets or fund balances 111 , 122 , 797. 8-2 , 53-8 , 226. 31 Total liabilities and net assets/fund balances 112 6 21 0 3 2 . 83 , 940 , 531. 1 - Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) 1 111 , 122 , 797 . 2 Enter amount from Part I, line 27a 2 -28 , 565 , 885 . not included line 3 Other increases in 2 (itemize) ► 3 0 . 4 Add lines 1 , 2, and 3 4 8 2 5 56 , 912. line 5 Decreases not included in 2 (Itemize) ► UNREALIZED GAIN/ LOSS 5 18 , 686. 6 Total net assets or fund balances at en d of year (line 4 minus line 5) - Part II , column (b), line 30 6 82 , 1338 , 226 . Form 990-PF (2009) 923511 02-02-10 2 Form 990-PF (2009) MEDTRONI C JNDATI ON • 41-1306950 Page 3 Part IV Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e.g., real estate, (b How acquired (c Date acquired (d) Date sold D - Purchase (mo., day, yr.) 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D - Donation (mo., day, yr.) 1a GAINESVILLE CP - 36284LWG5 - 1200000 SHARES P 09/14/09 b c d e Depreciation allowed (e) Gross sales price (f) (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a 1 , 200 , 000. 1 , 199 , 667. 333. b c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus col. less or (1) Adjusted basis (k) Excess of col. (i) (k), (i) F.M.V. as of 12/31/69 as of 12/31/69 over col. (I), if any but (from col. -j) a 333. b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) ( If (loss), enter -0- in Part I, line 7 2 333. 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part I, line 8, column (c). If loss enter -0- in Part I line 8 3 N / A Part V I Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.) If section 4940(d)(2) applies, leave this part blank. Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes ® No If "Yes, the foundation does not qualify under section 4940(e). Do not complete this part. 1 Enter the appropriate amount in each column for each year; see instructions before making any entries. Base period years (c ) Distribution ratio Calendar year or tax year beginning m Adjusted quali fy(bing distributions Net value of noncharitable-use assets (col. (b) divided by col. (c)) 2008 29 081 997. 34 477 110. .843516 2007 24 966 076. 54 851 707.