E Establishing the Minnesota families foundation as a nonprofit foundation to support self sufficiency and reduce long term dependency on government; requiring and providing for governance by a board of directors, specifying membership and certain foundation funds investment requirements; requiring the foundation to provide grants to nonprofit community based organizations to support certain activities, match requirement; requiring annual reports to the governor and legislature, specifying certain report content requirements; providing for dissolution of the foundation on a certain date; creating the medical education and research endowment fund, requiring the commissioner of finance to credit a certain percentage of the tobacco litigation settlement payments received by the state on certain dates to the fund, requiring investment by the state board of investment and providing for expenditures from the fund by the commissioner of health, specifying legislative auditor audit requirements, sunset; eliminating the medical education and research trust fund and the advisory committee; requiring the commissioner of health to appoint an advisory committee to provide advice and oversight on the distribution of funds from the medical education and research endowment fund, specifying certain membership representation requirements; expanding the criteria for commissioner distribution of medical education funds and modifying certain eligible provider review requirements; requiring the commissioner in consultation with the advisory committee to make recommendations to the legislature by a certain date for the submission, review and approval of research grant applications, specifying a process priority; creating the health care fund, specifying certain tobacco litigation settlement payments deposit and state board of investment investment requirements; requesting the university of Minnesota board of regents to adopt a biennial budget plan for expenditures from the medical education and research endowment fund for the instructional costs of health professional programs at publicly funded academic health centers; creating the tobacco prevention endowment fund as a nonexpendable trust fund to reduce the human and economic consequences of tobacco use through tobacco prevention measures, specifying certain tobacco litigation settlement payments deposit and state board of investment investment requirements, requiring allocation by the commissioner of health to the Minnesota partnership for action against tobacco for tobacco use prevention measures, requiring expenditure audits by the legislative auditor and annual reports to the legislature by the partnership on prevention measures and initiatives, specifying certain report content requirements, fund sunset; creating the senior prescription drug endowment fund to pay the annual premiums for certain low income seniors, specifying certain commissioner of finance tobacco litigation settlement payments deposit and cost forecast and state board of investment investment requirements; appropriating money to the commissioner of finance for transfer to the medical education and research, tobacco prevention and senior prescription drug endowment funds and to the Minnesota families foundation (ra, ja)