MINNEAPOLIS HEART INSTITUTE FOUNDATION®

2015 Annual Report

Message from the CEO and CMO

THE MINNEAPOLIS HEART INSTITUTE FOUNDATION® (MHIF)

In 1982, a group of cardiologists and surgeons from Minneapolis Heart Institute® at Abbott Northwestern Hospital recognized that maintaining the finest patient care required an enduring commitment to cardiovascular research and education. Those physicians founded the Minneapolis Heart Institute Foundation. Today, MHIF is one of the premier nonprofit cardiovascular and population health research centers in the country.

The Minneapolis Heart Institute Foundation is committed to creating a world without heart and vascular disease. With your support, we can continue to find new and better ways to prevent and treat heart and vascular disease.

Every day, the cardiovascular health of individuals and communities is improved through the innovative research and education of the Minneapolis Heart Institute Foundation® (MHIF). We are an internationally respected leader in the prevention

and treatment of heart and vascular disease. Innovation and community engagement have been hallmarks of our proud 33-year history. We are excited to share our recent accomplishments with you.

In 2015, researchers at MHIF successfully performed the first-in-U.S. implant of the Tendyne transcatheter mitral valve replacement (TMVR), saving the life of a man with heart failure who was not a candidate for open-heart surgery. To date, MHIF has performed nine Tendyne implants, representing the largest patient population in the world.

Another significant milestone is Dr. Timothy Sullivan’s appointment as national principal investigator, researching a new stent for the treatment of peripheral arterial disease (PAD), a condition that affects millions of people. This international trial will test the safety and efficacy of a new stent system that is tailored to the individual patient. Dr. Sullivan will lead 30 research sites across the U.S. in this effort.

MHIF is dedicated to disseminating our research to improve the prevention, diagnosis and treatment of cardiovascular disease. This year, MHIF researchers produced more than 120 peer-reviewed studies and made multiple presentations at national scientific meetings.

We are grateful to those who advanced the work of MHIF in 2015, most notably Jerry Johnson, who served as the Chair of our Board of Directors from 2012 to 2015. His dedication to the MHIF mission helped propel us through times of change, and we are confident that incoming Chair Thomas Gunderson will build on his great work in the years to come.

Please explore the following pages to learn more about the great work of MHIF in 2015. None of these achievements would be possible without the dedication of our staff, research participants, industry partners and, most importantly, our generous donors.

Thank you for your support of the Minneapolis Heart Institute Foundation. Together, we can create a world without heart and vascular disease!

The Minneapolis Heart Institute Foundation sponsors and supports research initiatives of the Minneapolis Heart Institute® at Abbott Northwestern Hospital. Kristine Fortman, PhD

Chief Executive Officer

Dr. Scott Sharkey, FACC President and Chief Medical Officer

Dr. Scott Sharkey, FACC President and Chief Medical OfficerMinneapolis Heart Institute Foundation

Kristine Fortman, PhD Chief Executive OfficerMinneapolis Heart Institute Foundation

January February

Q1/Q2 2015 Impact and Outcome Highlights

Through a grant from Delta Dental of Minnesota, MHIF provides dental practices in Brown County, Minn., with resources and tools to talk to patients about the health impact of tobacco use and sugar-sweetened beverage consumption.

MHIF employees celebrate American Heart Month by spreading awareness of heart disease and the need for clinical research.

Research conducted by the MHIF Hypertrophic Cardiomyopathy (HCM) Center finds that mortality rates are reduced among HCM patients living with implantable defibrillators.

An MHIF study finds that the miniature Micra® Transcatheter Pacing System – the world’s smallest pacemaker – meets initial safety and performance measures.

Founders and longtime supporters of MHIF are honored and celebrated at our annual Founders to the Future reception.

The first implant of a Tendyne transcatheter mitral valve replacement in the U.S. is performed by MHIF. A total of nine Tendyne Bioprosthetic Mitral Valves were implanted at MHIF in 2015, more than at any other research site.

Nearly 100 attendees learn about women and heart disease at MHIF’s Treat Yourself, Treat Your Heart event.

MHIF research interns begin their summer of research projects, physician observation and contributing to peer-reviewed studies.

“I would not be where I am today had the internship

program not existed.” Dr. Katie (Pastorius) Benziger,

2005 research intern, internal medicine resident,

University of Washington

Research internships are made possible with donor support like that of Don and Iris Greene, who designated money in their estate to establish a surgical research internship.

The American College of Cardiology awards the “I Am CardioSmart” award to MHIF employee Gerry Yumul.

Several MHIF physicians and research staff present breakthrough research findings at the 2015 American College of Cardiology Scientific Sessions, where cardiologists from around the nation gather to learn the latest in heart disease treatment.

March April May June

Q2Q1

Treat Yourself,Treat Your Heart

Friday, May 8, 2015The Minikahda Club, Minneapolis

final-daisy-forprint_110x170-collateral.indd 1 4/16/15 1:51 PM

July August December

Q3/Q4 2015 Impact and Outcome Report

Dr. Timothy Sullivan is selected as the national Principal Investigator for the MIMICS-2 trial, examining the safety and efficacy of an innovative stent system to be used in the treatment of peripheral arterial disease.

Following the release of new blood pressure guidelines, Dr. Michael Miedema leads a study to determine whether the guidelines may result in the undertreatment of hypertension and a subsequent increase in heart attack and stroke.

An active demonstration project led by Hearts Beat Back®: The Heart of New Ulm Project (HONU) tests ways to increase the number of children who walk and bike to school in New Ulm, Minn., with funding and support from the Center for Prevention at Blue Cross and Blue Shield of Minnesota.

MHIF is thrilled to welcome new CEO Kristine Fortman, PhD.

September

Professionals from across the region gather at the MHIF Connecting to Transform Communities conference to explore creative and innovative ways to improve the health of populations and communities.

December is a time for reflection on the progress and achievements of the past year, with one commonality among them all: They wouldn’t have been possible without donor support.

A breakthrough research study led by Dr. Michael Miedema finds that increased fruit and vegetable consumption in childhood reduces heart disease risk in adulthood.

The 2015 Heartbeat Gala channels New Orleans with delicious food, exciting games and award-winning jazz music. Following a powerful presentation honoring Dr. Kevin Graham, guests gave generously to continue his important work.

MHIF launches its new website, with a clean interface and easy searchability that provides easier access to site visitors.

October November

Q3 Q4

Founders to the Future

In 1982, when Minneapolis Cardiology Associates became Minneapolis Heart Institute®, the founding physicians established the Minneapolis Heart Institute Foundation® (MHIF). These

founding members enlisted the help of Raymond Plank and other community leaders to support cardiovascular research and education. Together, they recruited 100 supporters who believed that investing in research was important for our community.

Since 1982, MHIF has referred to the founding cardiologists and initial 100 supporters as the Founders of MHIF. These dedicated individuals continue to support MHIF’s cardiovascular research that changes lives every day!

A group of Founders stepped forward in 2015 to serve as the Steering Committee for the Founders, helping to keep their peers informed of MHIF’s ongoing research and impact. We’re grateful to Shirley Bentdahl, Marna Fullerton, Robert Hauser, MD, Tom Keller and Robert Van Tassel, MD for their dedication and support.

In 2015, more than $6 million was invested in cardiovascular research at MHIF. This level of commitment is part of the legacy of each and every Founder who has made MHIF’s important work possible. We are proud to recognize those Founders at our annual Founders to the Future event, where we share the great accomplishments they’ve made possible and look to the future of cardiovascular research through presentations by our research interns.

Heartbeat Gala

At the 2015 Heartbeat Gala, guests celebrated the groundbreaking work of Dr. Kevin Graham, a now-retired cardiologist from Minneapolis Heart Institute® at Abbott

Northwestern Hospital. Dr. Graham was the visionary and driving force behind Hearts Beat Back®: The Heart of New Ulm Project (HONU).

The goal of HONU is to reduce the number of heart attacks that occur in New Ulm, Minn., by reducing heart disease risk factors through healthier eating, smoking cessation, increased physical activity and changes in the built environment, among others.

Today, more New Ulm residents have their blood pressure and cholesterol at the desired levels compared to national estimates. The changes are visible throughout the community, with healthy options available in more restaurants and residents who are more physically active. In fact, the New Ulm community recently banded together and successfully petitioned the city to plow local bike trails during the winter! These remarkable results indicate that Dr. Graham’s vision and leadership are not only improving health in New Ulm, but creating a national model for community health.

To continue this important work, MHIF donor Stuart Nolan established a significant matching gift that will fund HONU through its completion as part of the Pathway to Prevention campaign. Learn more at mplsheart.org/pathwaytoprevention. MHIF RESEARCH INTERNSHIP PROGRAM

PRESENTED BY

A Celebration of our Roots and Growth

145Alumni

FROM2002-2014

28% are nowpracticingphysicians 17%

are in otherhealth careprofessions

55%are undergrador medicalstudents

IN THE LAST FIVE YEARS,INTERNS HAVE CONTRIBUTED TO...

Publications in peer-reviewedjournals

43Posters andPresentationsat national scientific sessions

47

Presentation of the Dr. Robert Van Tassel award for Excellence in Interventional Cardiology to Dr. Michael R. Mooney at the 2015 Founders to the Future Reception.

Dr. Kevin Graham, recipient of the Ray Bentdahl Distinguished Service Award at the 2015 Heartbeat Gala.

Research Internship Program Alumni

The first implant of the Tendyne transcatheter mitral valve replacement in the U.S.

Bob Hatzenbeller was living a diminished life. Once an active outdoorsman, he was spending most days on the couch, his shortness of breath making it impossible to fish, travel,

spend quality time with his family or do any of the things he had previously enjoyed. Then he agreed to participate in the MHIF study of the Tendyne Bioprosthetic Mitral Valve. He became the first person in the United States to have this innovative transcatheter device implanted through a minimally invasive procedure —delivered through a catheter placed in a small incision in the chest. After receiving the implant, Bob felt better almost immediately, and he is once again living a happy, healthy, active life.

MHIF has long been a leader in minimally invasive valve repair and replacement, providing options to patients with degenerative valve disease for whom conventional open-heart surgery is not an option. In 2015, MHIF again demonstrated its valve leadership with the first Tendyne transcatheter mitral valve replacement (TMVR) in the country.

Without donor support, MHIF wouldn’t have the means and agility to participate in studies like Tendyne, and people like Bob – for whom there are no options for improved health – would continue to experience a lessened quality of life.

Bob Hatzenbeller (right) and wife Kathy (left) with MHIF research coordinator Sara Olson, RN, CCRC.

Honor and Memorial Gifts

Mr. Helmuth Albrecht

Mrs. Verda Amatuzio

Mr. Clifton Anderson

Mr. Robert Anthony

Mr. Ralph Avery

Mr. Jason Bass

Mr. William Binole

Mr. David Brown

Mrs. Sharon Bunge

Mr. Rodney Burwell

Ms. Kathryn Elert

Mrs. Bernice Entinger

Mr. Frederick Gamble, Jr.

Mr. Frank Hallberg

Mr. Maurice Hayes

Mr. Grant Hendricks

Mr. Bruce Holien

Mr. Thomas Ireland

Mr. Ronald Johnson

Dr. Thomas Jones

Mr. Curtis Kelm

Mr. David Lee

Mr. Russell Martinson

Mr. Edward McGill

Mr. Howard McMillan

Mr. Delmont Mestad

Mr. Richard Meuleners

Mr. Eldrin Meyer

Mr. Samuel Morison

Mr. Merle Nordeen

Mr. Henry Petersen

Mr. LeRoy Piche

Mr. John Powers III

Mr. Edward Reuter

Mr. Richard Ruch

Ms. Jan Ryan

Mr. Darrell Sperry

Mr. Oren Steinfeldt

Mr. Irving Victor

Mr. William Wisniewski

Ms. Janet Wood

Mrs. Kimberly Ylitalo

Dr. Adrian Almquist, Jr.

Dr. Barry Cabuay

Dr. Thomas Flavin III

Kristine Fortman, PhD

Dr. Kevin Graham

Dr. Elizabeth Grey

Dr. Thomas Knickelbine

Dr. Vibhu Kshettry

Dr. Barry Maron

Dr. Michael Mooney

Ms. Tad Oberuc

Mr. Peter Quimby

Mr. Justin Rosenblatt

Mr. Timothy Sawyer, Jr.

Dr. Robert Van Tassel

Mrs. Marilyn Jean Wert

Mr. Girma Wolde-Michael

Mr. Gerry Yumul

IN HONOR OF

IN MEMORY OF

MHIF RECEIVED CONTRIBUTIONS IN HONOR AND MEMORY OF THE FOLLOWING INDIVIDUALS IN 2015.

Legacy SocietyTHE MINNEAPOLIS HEART INSTITUTE FOUNDATION® (MHIF) LEGACY SOCIETY CONSISTS OF DONORS WHO INCLUDE MHIF IN THEIR ESTATE PLANS OR HAVE MADE A PLANNED GIFT, AND WHO HAVE INFORMED MHIF ABOUT THEIR GIFT.

Aleck Ostrow Family TrustMr. Howard D. AndersonMr. Ward and Mrs. Linda AndersonBarbara and Siah ArmajaniMr. Ray* and Mrs. Shirley BentdahlMs. Gladyce Bergman*

Mr. Frank and Mrs. Sylvia* BrennanMr. C. Richard* and Mrs. Eleanor* BrisboisMr. Conley Brooks, Sr.* and Mrs. Marney* BrooksMr. Walter Bush, Jr. and Mrs. Kathleen BushMr. Stanford* and Mrs. Elise* ChurchMs. Peggy Durda-KnappMrs. Dorothy A. Ewing*

Ms. Angela Frerichs and Mr. Burton Goldstein*

Mr. Willard Goltz*

Mr. James Grantman*

Estate of Mr. Richard HaagMs. Lynne HannonMs. M. Lenore Hannon*

Mr. Donald* and Mrs. Marilyn HenkelMr. Roy and Ms. Kathryn HertensteinMr. Edward* and Mrs. Florence* HesseMr. John and Mrs. Leslie* HollisterMr. C. Charles Jackson*

Ms. Marylyn Louise Johnson*

Mrs. Viola Johnson*

Mrs. Patricia Kelsey*

Mr. Jerald R.* and Mrs. Linda Kiernan*

Mr. Charles* and Mrs. Shirley* Koplen

Mrs. Charlotte Krueger*

Mrs. Maureen Kucera-Walsh and Mr. Michael WalshMs. Eleanor D. Larson*

Ms. Rose Mallinger*

Mr. J. Donald* and Mrs. Dorothy* MeyerMr. Michael T. MulliganMr. Donald* and Mrs. Ruth MurphyMr. A. Louis* and Mrs. Dorothy NesteMrs. Norma Neumann and Dr. Rolf Andreassen*

Ms. Ellen M. Olson*

Ms. Janet S. Paper*

Mr. Donald* and Mrs. Lucile PearsonMr. Daniel F. PerschauMr. Ralph J. Peterson*

Mr. Joshua* and Mrs. Jean* Premack

Mr. Henry Reget*

Mr. Lester* and Mrs. Marion* ReinhardtMr. James and Mrs. Dianne SafleyDr. Wilson M. and Mrs. Barbara C. SalterMs. Ilene T. Saunders*

Mr. Joseph* and Mrs. Norein* ScallonMs. Margaret R. Schaefer*

Mr. James and Mrs. Char SchmuckMr. John “Jack” and Mrs. Elva* SpillaneMr. George Stepnovitz*

Mr. Frank B. Wallace*

Mr. W. Shelley* and Mrs. Virginia* WalshMs. Lucille S. Wellington*

Mr. Bruce TelanderMr. Jon* and Mrs. Mary ThesengaDr. Robert and Mrs. Betty Van TasselDr. Thomas Von RuedenMr. Winston* and Mrs. Maxine WallinMr. W. Shelley* and Mrs. Virginia* Walsh

Ms. Beverly WatsonMr. David Weiner*

Ms. Lucille S. Wellington*

Mr. Sheldon and Mrs. Marilyn Jean WertMr. Dewey White*

Mr. Roger* and Mrs. Shirley Wikner

Mr. Max* and Mrs. Helen* WinterMr. David* and Mrs. Sarah WintonMrs. Judith and Mr. Michael WrightMr. Lowell and Mrs. Norma Zitzloff

*Deceased

Minneapolis Heart Institute Foundation® Founders Mr. Mike and Mrs. Lynn AllenMr. Kenneth* and Mrs. Jeanne* AndersonMr. Lee and Mrs. Penny AndersonMr. DeWalt Ankeny Sr.* and Mrs. Marie Ankeny*

Dr. Kit* and Mrs. Sumonda AromMr. Edward* and Mrs. Karen BakerMs. Constance BakkenMr. B. John BarryMr. Paul and Mrs. Helen BaszuckiDr. Ford and Mrs. Amy BellMr. Craig Bentdahl and Mrs. Stephanie SimonMr. Ray* and Mrs. Shirley BentdahlMrs. Ann Bentdahl and Mr. Roger SmithMr. Glenn* and Mrs. Patricia BergstromMr. Ivan Bowen II* and Mrs. Mary BowenMr. Wayne and Mrs. Signe BoysenMr. Frank and Mrs. Sylvia* BrennanMr. Irving* and Ms. Beverly BrooksMr. Conley Brooks, Sr.* and Mrs. Marney* BrooksMr. Thomas* and Mrs. Janet BrosigDr. Charles and Mrs. Amy BurnsideMr. Ron* and Mrs. Elaine BurtonMr. Rodney* and Mrs. Barbara BurwellMr. William* and Mrs. Sally* ByeMr. Ted* and Mrs. Katy* CarlsenMr. Jeffrey Carlson*

Mr. James ChafouliasMr. Lloyd Cherne*

Mr. Jack and Mrs. Fay ChestnutMr. Richard and Mrs. Diane Cohen

Mr. Sidney Cohen*

Mrs. Marilyn ConlonMr. Rodney and Mrs. Judy CoopermanMr. David* and Mrs. Dorothy DalquistDr. James Daniel and Mrs. Judy McMahonMr. Kenneth* and Ms. Julia DaytonMr. Theodore DeikelMr. William and Mrs. Janice DircksMr. Ernie Dorn Sr.* and Mrs. Beverlee Dorn*

Mr. Ernie and Mrs. Mary DornMr. Jaye* and Mrs. Betty* DyerDr. Frazier and Mrs. Heidi EalesMr. William and Mrs. JoAnne EdlefsenMr. James and Mrs. Judy FetterlyMr. Gary and Mrs. JoAnn FinkMr. Larry Hendrickson and Mrs. Barbara ForsterMr. James Fullerton III* and Mrs. Marna FullertonDr. Fredarick and Mrs. Suzanne GobelMr. Robert* and Mrs. Nancy GoldbergerMr. Donald and Mrs. Therese GoldfusMr. James Grantman*

Mr. John Grundhofer and Ms. Patricia MeierMr. Richard* and Mrs. Margie HaagMs. Nancy Harris RobertsonDr. Robert and Mrs. Sally HauserMr. Howard* and Mrs. Helen HawkinsMr. Douglas HeltneMr. Louis and Mrs. Kathrine HillMr. Gary HolmesMr. C. Charles Jackson*

Mr. Benjamin JaffrayMr. Michael and Mrs. Joyce Jennings

Drs. Charles and Sally JorgensenDr. Lyle and Mrs. Tina JoyceMr. James and Mrs. Mary JundtMr. Thomas and Mrs. Victoria KellerMr. Jerald R.* and Mrs. Linda Kiernan*

Mrs. Janet King*

Dr. Joseph and Mrs. Laura KiserMr. David* and Mrs. Barbara KochMr. Arthur* and Mrs. Emma Jean* KyddMr. John* and Mrs. Rita LamourexMr. Joseph LangerMr. Don and Mrs. Jean LeinMr. Laurence and Mrs. Jean LeJeuneMr. Dale LindquistDr. William and Mrs. Jo-Ann LindsayMr. Thomas and Mrs. Mari LoweMr. Donald* and Mrs. Diana LuckerMr. Bruce and Mrs. Debbie LundeenMr. Wallace* and Mrs. Janis* LundeenMr. David and Mrs. Anne LutherMr. Dan and Mrs. Cathy* LutherMrs. Marlene LynchMr. Harvey MackayMr. Thomas and Mrs. Marilyn* MadisonMr. Dennis and Mrs. Gail MathisenMr. Philip and Mrs. Patti* McElroyMr. Robert McGarvey Jr.* and Mrs. Cynthia McGarveyMr. Burton* and Mrs. Rosalyn McGlynnMr. Richard McNamara*

Mr. William and Mrs. Kathleen McReavyMr. John* and Mrs. Jane* MootyMr. John and Mrs. Susan Morrison

Mr. Michael T. MulliganMr. Robert and Mrs. Ellis NaegeleMrs. Stephanie and Mr. William NaegeleDr. Richard and Mrs. Kathleen NelsonMr. El Roy* and Mrs. Gail NernessMr. Demetre* and Mrs. Ardelle NicoloffMr. Thomas* and Mrs. Mary NobleMrs. Pamela NolanMr. Stuart NolanDr. William and Mrs. Joey NorthrupMr. Earl* OlsonMr. Vance and Mrs. Darin OppermanMr. Raymond PlankMr. Carl Pohlad Jr.* and Mrs. Eloise* PohladMs. Margaret Potter*

Mr. Noel and Mrs. Angelina RahnMr. Jerome* and Ms. Lillian RauMr. Tom RedmondMr. Thomas and Mrs. Sandra RempferDr. James and Mrs. Christine RenierDr. Jonathan and Mrs. Trish RogersMr. Harold and Mrs. Ruth RoitenbergMr. David and Mrs. Sandra ShermanMrs. Jane and Mr. John SieffMr. Eugene* and Mrs. Gail SitMr. Daniel Spiegel and Ms. Marilyn JaxMr. Maurice* and Mrs. Estelle* SpiegelMr. John “Jack” and Mrs. Elva* SpillaneMr. Gary* and Mrs. Jayne St. MarieMr. Clair* and Mrs. Gladys StrommenMr. Lee and Mrs. Louise Sundet

Quanex Foundation

Susan and David Roberts Family Fund

Mr. James and Mrs. Dianne Safley

Dr. Jay Sengupta and Dr. Ria Bardhan

SeQuel Response

Dr. Peter and Mrs. Marcie Stokman

Dr. Benjamin and Mrs. Mabel Sun

$1,000+Ms. Susan Alpert

Mr. Brian Anderson

Sue and Phil Ankeny Family Fund of The Minneapolis Foundation

Applied Power Products

Ms. Carol Barry

Dr. Mosi Bennett and Mrs. Vickie Gilfillian-Bennett

Mr. Daniel and Ms. Trudy Beranek

Dr. John and Mrs. Kathleen Bernhardson

Ms. Jackie Boucher

Mr. Daniel and Mrs. Judy Boulay

Ms. Carmen Bringgold

Mrs. Prudence and Mr. John Brooks

Mr. Conley Brooks, Jr. and Mrs. Carol Brooks

Mr. George and Mrs. Sharon Carisch

Mr. Oscar and Mrs. Valerie Carlson

Ms. Rachelle Chase

Mr. Paul Citron

Dr. Andrew and Mrs. Kristen Cragg

Craig-Hallum Capital Group, LLC

Dr. James Daniel and Mrs. Judy McMahon

Mrs. Dolores DeFore

Mr. Reed Duthler

Dr. Frazier and Mrs. Heidi Eales

Emerson Process Management

Dr. Eric and Mrs. Brooke Fenstad

Dr. Gene and Mrs. Barbara Fortman

Mr. Duncan Gallagher

Dr. Fredarick and Mrs. Suzanne Gobel

Mr. Ronald and Mrs. Jewel Golberg

Mr. David Gutzke and Ms. Jeanette Colby

Estate of Mr. Richard Haag

Mr. Tom Hauge

Dr. Robert and Mrs. Sally Hauser

Dr. Timothy Henry

Mr. Alvin and Mrs. Jayne Hilde

Mr. Brian Hill

Jackson Family Fund of The Minneapolis Foundation

Raymond James Charitable Endowment Fund

Mrs. Patricia Johnson

Mr. Rodney and Mrs. Laura Jordan

Mr. Thomas and Mrs. Victoria Keller

Mr. David and Mrs. Donna Knudtson

Dr. George Krienke via the Rotary Foundation Donor Advised Fund

Drs. Vibhu and Sharon Kshettry

Drs. Casey and Royce Lawler

Drs. Lenard and Wendy Lexier

Dr. Daniel and Mrs. Martha Lips

W. Duncan and Nivin MacMillan Foundation

Mr. Gregg and Mrs. Terri Mahalich

Mr. Daniel Mans

Marbrook Foundation

Mr. Michael and Mrs. Suzanne Marinaro

Mr. Evans Mburu

The John W. Mooty Foundation Trust

Mr. James and Mrs. Lorna Nelson

Oppenheimer, Wolff & Donnelly LLP

Dr. Quirino and Mrs. Helena Orlandi

The S. Bartley Osborn Family Charitable Trust

Dr. Luis Pagan-Carlo and Joseph Sammartino

Mr. Jeff and Mrs. Linda Parell

Pavilion Advisory Group, Inc.

Dr. Wesley and Mrs. Stephanie Pedersen

Mrs. Beverly Petersen

Mr. Peter and Mrs. Gene Pierce via Pierce Family Fund of The Minneapolis Foundation

Mr. Octavio and Mrs. Jody Portu

Mr. Peter and Mrs. Heidi Quimby

Mr. Walter Rasula

Regents of the University of Minnesota

Ritz Family Foundation

Mr. Steven and Mrs. Nancy Schachtman

Dr. Bob and Mrs. Belle Scott

Dr. Timothy Sielaff and Ms. Paula Sell

Signature Pools/Randall Pool & Spa

Donald F. and Virginia H. Swanson Fund of The Minneapolis Foundation

Charles B. Sweatt Foundation

Mr. Thomas and Mrs. Donna Talley

Mr. Lynn and Mrs. Carol Truesdell

The Victor Foundation

Mr. Arthur Waldon

Alice and Fred Wall Family Foundation

Mr. Rufus and Mrs. Elizabeth Winton

Mr. Charles Zaugg

$500+Alvin E. and Mildred H. Miller

Philanthropic Fund of the Minneapolis Jewish Federation

Allina Health Community Engagement

American Diabetes Association

Dr. Ben and Mrs. Marge Bache-Wiig

Mr. Scott and Mrs. Kerry Bader

Mr. Brian Buhl

Mr. Charles and Mrs. Debbi Clendenen

Ms. Christine and Mr. Gary Cohen

Mr. James and Mrs. Carol Cote

Mr. Ernie and Mrs. Mary Dorn

Ms. Karen Drill

Fidelity Charitable Gift Fund

Ms. Susan Funk

Mr. Thomas and Mrs. Sarah Giel/Grain Millers

Mr. Richard and Mrs. Jennie Goelz

Dr. Mario Goessl

Mrs. Janice Hazen

Dr. Jessica Healy

Mr. Robert and Mrs. Ann Howard

Dr. Katarzyna Hryniewicz-Czeneszew and Mr. Sybi Czeneszew

Mr. Thomas and

Mrs. Margaret Johnson

Mr. Dennis Jolley

Mr. Wayne Kelly

Kelso United Charity Fund

Mr. Donald Kinter

Mr. Owen and Mrs. Elizabeth Kornkven

Dr. Stephen Levine

Lieberman Companies

Mrs. Jacqueline Lindman

Mr. Grant and Ms. Phyllis Lovelle

Mr. Gerald and Mrs. Janet Madison

Ms. Vicki Martini

Mrs. Martha Martinson

Mr. William McReavy, Jr.

Medica

Mr. Brian and Mrs. Lori Milbrandt

Music Finance Company

Ms. Myra Nagel

Dr. James and Mrs. JoAnn Nasby

Mr. Norman and Mrs. Ann Newell

Mr. John and Ms. Kari Niedfeldt-Thomas

Mr. William and Mrs. Mary Parpart

Ms. Alice Sanborn

Mr. Timothy Sawyer

Mr. Paul and Mrs. Jane Schosberg

Dr. Nedaa and Ms. Raghda Skeik

Mr. Roy and Mrs. Christine Smalley

Timothy C. Sullivan Donor-Advised Fund

T. Rowe Price Program for Charitable Giving

Ms. Carolyn Taylor

Thomson Reuters

Mr. Mark Ungs

Mr. Loren and Mrs. Carol Walter

Washburn-McReavy Funeral Chapels and Cremation Services

Wells Fargo Community Support Programs

Mr. Frank and Mrs. Frances Wilkinson

2015 Donors Recognition$500,000+Minneapolis Heart Institute®

$250,000+Mr. John and

Mrs. Susan Morrison

Nolan Family Foundation

$100,000+Boston Scientific Corporation

Dr. Mark Graham and Ms. Laneta Dorflinger

The Lampert Foundation

$50,000+The Ivan Bowen Family

Foundation

Medtronic

Shamrock Development

$25,000+Academy of Nutrition and

Dietetics

BMO Harris Bank N.A.

Community Health Charities

Delta Dental MN

Holmes-CSM Family Foundation

Mr. Jim and Mrs. Joyce Jennings

$10,000+Abbott Northwestern Hospital

Abbott Northwestern Hospital Foundation

Ms. Stephanie Albert

Allina Health

Lee and Penny Anderson/APi Group, Inc.

Barbara and Siah Armajani

Blue Cross Blue Shield of Minnesota

Carlson Caspers

Mr. Michael and Mrs. Ann Ciresi

Dr. Louis and Mrs. Judith Cosentino

Mr. Craig and Mrs. Paula Evanich

The Fleischaker Family Foundation

Ms. Gemma Graham

Mr. Michael and Mrs. Mary Graham

Hansen Family Foundation

William H. and Mattie Wattis Harris Foundation

Edward T. Hesse Trust

Mr. William Hodder

Mrs. Caryn Ireland

Mr. Benjamin Jaffray

Bruce Johnson Fund of the Minnesota Community Foundation

Koch Companies

Luther Family Foundation

The Medtronic Foundation

Dr. David and Mrs. Diane Milbrath

Minnesota Hospital Association

Jean and Dennis Neilson Charitable Fund at Schwab Charitable Fund

Buzz and Carolyn Pierce Family Fund of The Minneapolis Foundation

Piper Jaffray Companies

Schwab Charitable Fund

Dr. Scott and Mrs. Patricia Sharkey

Mr. Archie Smith and Mrs. Tina Flint Smith

St. Jude Medical, Inc.

Mr. Bruce* and Mrs. Ruth Stricker Dayton

Dr. Timothy and Mrs. Amy Sullivan

Dr. Chuen and Mrs. Angela Tang

The Tudor Foundation, Inc.

United Health Foundation

Dr. Robert and Mrs. Betty Van Tassel

The James & Jane Welch Foundation

$5,000+Abbott Vascular Devices

Drs. Jason Alexander and Leila Tabibian

Allina Health Division of Applied Research

Dr. Adrian and Mrs. Sally Almquist

Amgen

Andersen Corporation

Anonymous

AstraZeneca

Dr. Richard Bae and Mrs. Lauren Kim-Bae

Mr. Walter and Mrs. Jane Barry

Mrs. Christine and Mr. Evon Bent

Mrs. Shirley Bentdahl

Mr. Frank Brennan

Dr. M. Nicholas Burke and Mrs. Sue Slattery-Burke

Dr. Matthew and Mrs. Catherine Chu

Ciresi Conlin LLP

Community Health Charities Minnesota

Dr. Timothy and Mrs. Teresa Dirks

Doni Family Trust

Joseph Durda Family Foundation

Eagan Lions Club

Edwards Lifesciences

Mr. Ted and Mrs. Angie Erickson

Arthur T. Erickson Foundation

Dr. R. Saeid Farivar and Dr. Firouzeh Mostashari

Dr. Jeanne and Mr. Nigel Finney

Gilead Sciences, Inc.

Gornick Family Foundation and Dr. Charles Gornick, Jr. and Mrs. Nancy Gornick

Mr. Thomas and Mrs. Stephanie Gunderson

Dr. Kevin and Mrs. Ila Harris

Mr. Roger and Mrs. Lynn Headrick

The Hubbard Broadcasting Foundation

Drs. Desmond and Podaly Jay

Mr. Jerald Johnson

Dr. William and Mrs. Stacy Katsiyiannis

Mr. D. William and Mrs. Mary Ellen Kaufman

Mr. William Kelly

Dr. Thomas Knickelbine and Mrs. Heidi Chen

Mr. Laurence and Mrs. Jean LeJeune

Drs. John and Julie Lesser

Mr. Donald MacMillan

McCarthy-Bjorklund Foundation

The Medicines Company

Microsoft Giving Campaign

Dr. Michael and Mrs. Allison Miedema

Dr. Michael and Mrs. Jodi Mooney

National Christian Foundation Twin Cities

Dr. Marc and Mrs. Kari Newell

Northwest Anesthesia, P.A.

Aleck Ostrow Family Trust

The Patch Foundation

Dr. Anil Poulose

RBC Wealth Management

Robert R. Hopper & Associates, L.L.C

Robins Kaplan L.L.P.

Mr. Herve and Mrs. Jennifer Sarteau via Sarteau Family Charitable Fund

Mr. Thomas and Mrs. Bonnie Schwalbe

Dr. Paul Sorajja

Drs. Craig and Leigh Strauss

Tendyne Holdings, Inc.

Dr. Jay and Ms. Sarah Traverse

Ms. Karin Van Dyke

Drs. Yale Wang and In-Zu Tuan via the Wang-Tuan Charitable Fund at Schwab Charitable Fund

Wert Family Foundation

Mr. Girma Wolde-Michael

$2,500+Dr. Raed and Mrs. Oula Abdelhadi

Dr. Peter and Mrs. Mary Ellen Alden

Associated Financial Group

The Baker Foundation

Ms. Marque Ann Barton

Mr. Harvey Boulter

Dr. Durand and Mrs. Renee Burns

Dr. Alex Campbell

Dr. Thomas and Mrs. Elizabeth Flavin

Kristine Fortman, PhD and Mr. Mark Fortman

Mr. Peter Hafiz

Intervalve, Inc.

Mr. Michael and Mrs. Cara Jennings

Mrs. Maureen Kucera-Walsh and Mr. Michael Walsh

Kurt Johnson Auctioneering, Inc.

Law Office of Aparna Dave

Mr. John Liddicoat

Stephen and Sheila Lieberman Endowment Fund of the American Amusement Machine Charitable Foundation

Mr. David Parry

PK Property Services

Protect Perform

AssetsCash and Equivalents $1,385,426 Investments 20,991,799 Contributions Receivable 1,104,865 Pledges Receivable (net) 953,696 Other Receivables 1,449,652 Other Assets 31,424 Fixed Assets (net) 154,442 Total Assets $26,071,304

LiabilitiesAccounts Payable $486,608 Accrued Payroll 259,608 Accrued Pension 470,923 Other Accrued Expenses 463,405 Deferred Rent 119,245 Deferred Revenue 39,344 Total Liabilities $1,839,133

Net AssetsUnrestricted $5,231,100 Temporarily Restricted 5,781,685 Permanently Restricted 13,219,386 Total Net Assets 24,232,171 Total Liabilities and Net Assets $26,071,304

2015 Statement of Operations 2015 Balance Sheet

Other Revenue

Net Assets Released - Endowment Earnings

Net Assets Released from Restrictions

Investment Gain (Loss)

Research Study Revenues

Sublicense Revenue

Grants

Contributions

Fundraising

Administration

Research

Education

Expenses

Net Assets Released from Restrictions

Net Assets Released - Endowment Earnings

Other Revenue

Research Study Revenue

Education

Fundraising

Administration

Research

Sublicense Revenue

Contributions

Grants

Net Assets Released - Endowment Earnings

Other Revenue

Net Assets Released - Endowment Earnings

Net Assets Released from Restrictions

Investment Gain (Loss)

Research Study Revenues

Sublicense Revenue

Grants

Contributions

Fundraising

Administration

Research

Education

Expenses

Net Assets Released from Restrictions

Net Assets Released - Endowment Earnings

Other Revenue

Research Study Revenue

Education

Fundraising

Administration

Research

Sublicense Revenue

Contributions

Grants

Net Assets Released - Endowment Earnings

Revenue (Figure 1)

% Operating Funds with Time or Purpose Restriction Endowments Total

Contributions 20% $1,908,661 $1,068,719 $49,213 $3,026,593

Grants 2% 227,168 209,374 — 436,542

Sub-license Revenue 8% 826,623 — — 826,623

Research Study Revenues 39% 3,841,799 — — 3,841,799

Investment Gain (Loss) 0% 685 (79,251) (362,495) (441,061)

Net Assets Released from Restrictions 18% 1,739,035 (1,739,035) — —

Net Assets Released - Endowment Earnings 7% 668,354 (135,864) (532,490) —

Other Revenue 6% 618,657 (509,206) 109,451 Total Support and Revenues $9,830,982 $(1,185,263) $(845,772) $7,799,947

Expenses (Figure 2)

PROGRAM SERVICES

Education 17% $1,624,649 $1,624,649

Research 54% 5,310,661 5,310,661

Total Program Services $6,935,310 6,935,310

SUPPORTING SERVICES

Administration 20% $2,006,409 $2,006,409

Fundraising 9% 886,000 886,000

Total Supporting Services $2,892,409 $2,892,409 Total Expenses $9,827,719 $9,827,719

Change in Net Assets $3,263 $(1,185,263) $(845,772) $(2,027,772)

Operating RevenueFigure 1

Operating ExpensesFigure 2

The Minneapolis Heart Institute Foundation is a proud member of Community Health Charities Minnesota, an alliance of 40 leading nonprofit health research and service organizations working to improve lives affected by chronic illness by investing in health research, services and education.

Message from the Chairman

The Minneapolis Heart Institute Foundation® (MHIF) has a storied past and a promising future. In 1982, visionary cardiologists and surgeons, passionate about improving outcomes for their patients, formed MHIF in order to advance research and education in a clinical setting. A talented and driven staff was assembled, and MHIF has since established itself as one of the premier research institutions in the country.

Today, MHIF continues our Founders’ momentum as we work together to achieve a world without heart and vascular disease. Achieving this lofty goal requires a dedicated team of extraordinary people. As planned, 2015 was a transition year for the MHIF team, with new talent added to our strong core of personnel. Key among the changes was the hiring of Kris Fortman as the new MHIF CEO to work alongside President and Chief Medical Officer Dr. Scott Sharkey. In her role as CEO, Kris brings industry experience, a philanthropic spirit and a passion for our work that has energized MHIF staff and stakeholders.

Two long-time leaders moved on from MHIF in 2015. Dr. Robert Hauser retired, and Chief Operating Officer Jackie Boucher accepted a leadership role in a different cardiovascular organization in the Twin Cities. The service and dedication of both Bob and Jackie to MHIF are appreciated and will be missed.

In my new position on MHIF’s Board, I have benefited greatly from the hard work of others before me. Notably, Jerry Johnson served as Board Chair from 2012 to 2015. Jerry’s strong leadership helped MHIF maintain its base through times of change, and his unwavering dedication to our mission has been inspiring. The Board has remained focused on stability and growth, while also making sure to honor the spirit and the intent of our founders and the many heartfelt contributions of our donors. I am grateful to be working with this invigorated and charitable Board of Directors.

Thank you to all who contributed financially in support of the MHIF mission in 2015. Our work would not be possible without your support and commitment. Together, we can create a world without heart and vascular disease!

Thomas J. Gunderson,Chair, Minneapolis Heart Institute Foundation Board of Directors

Thomas J. Gunderson Chair, Minneapolis Heart Institute Foundation Board of Directors

Physicians and Board of Directors

Raed H. Abdelhadi, MD

JoEllyn Abraham, MD

Peter Alden, MD

Jason Alexander, MD

Adrian Almquist, MD (retired)

Judah Askew, MD

Richard Y. Bae, MD

Mosi K. Bennett, MD

John Bernhardson, MD

M. Nicholas Burke, MD

Durand E. Burns, MD

Barry Cabuay, MD

Domenico Calcaterra, MD

Alex R. Campbell, MD

Ivan Chavez, MD

Matthew Chu, MD

Andrew Cragg, MD

Timothy Dirks, MD

Frazier Eales, MD

Peter Eckman, MD

Robert S. Farivar, MD

Eric Fenstad, MD

Thomas Flavin, III, MD

Björn Flygenring, MD

Dr. James Furda

Charles C. Gornick, MD

John Graber, MD (retired)

Elizabeth Z. Grey, MD

Kevin Harris, MD

Robert Hauser, MD (retired)

Timothy Henry, MD (casual)

William Hession, MD

Mark A. Houghland, MD

Katarzyna Hryniewicz, MD

David Hurrell, MD

Desmond Jay, MD

William Katsiyiannis, MD

Thomas Knickelbine, MD

Vibhu Kshettry, MD

Casey Lawler, MD

John Lesser, MD

David Lin, MD

Daniel Lips, MD

Terrence Longe, MD

Jesse Manunga, MD

James Madison, MD

Daniel Melby, MD

Michael Miedema, MD

Michael Mooney, MD

Karol Mudy, MD

Marc C. Newell, MD

Maria-Teresa Olivari, MD (retired)

Quirino Orlandi, MD

Luis Pagan-Carlo, MD

Wesley Pedersen, MD

Anil Poulose, MD

Michael Samara, MD

Robert S. Schwartz, MD

Jay Sengupta, MD

Scott Sharkey, MD

Nedaa Skeik, MD

Paul Sorajja, MD

Elliott Stephenson, MD

Peter Stokman, MD

Craig Strauss, MD

Timothy Sullivan, MD

Benjamin Sun, MD

Chuen-Yin Tang, MD

Norma Thiessen, MD

Jessica Titus, MD

Jay H. Traverse, MD

Yale L. Wang, MD

Peter Zimbwa, MD

Christine Bent

Robert Barrows

Thomas Biggs, MD

Carmen Bringgold

Conley Brooks, Jr.

M. Nicholas Burke, MD

Craig Evanich

Robert S. Farivar, MD

Tamarra Giertz

Thomas Gunderson

David Hurrell, MD

Ben Jaffray

Jerry Johnson

William Katsiyiannis, MD

William Kaufman

Thomas Keller, III

Maureen Kucera-Walsh

Steven Marsich

Richard Meyer

David Milbrath, DDS

Michael Mooney, MD

Peter Quimby

Robert Scott, MD

Steven Sjoblad

Archie Smith

Timothy Sullivan, MD

Jay H. Traverse, MD

Robert Van Tassel, MD

MINNEAPOLIS HEART INSTITUTE® AT ABBOTT NORTHWESTERN HOSPITAL AND MINNEAPOLIS HEART INSTITUTE FOUNDATION PHYSICIANS

MINNEAPOLIS HEART INSTITUTE FOUNDATION BOARD OF DIRECTORS

920 East 28th Street, Suite 100 Minneapolis, MN 55407

612-863-3833877-800-2729 toll free612-863-3801 fax

info@mhif.orgwww.mplsheart.org

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