Camc Foundation Inc

Organization Overview

Camc Foundation Inc, operating under the name CAMC Foundation, is located in Charleston, WV. The organization was established in 1976. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. CAMC Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, CAMC Foundation generated $26.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $6.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, CAMC Foundation has awarded 32 individual grants totaling $36,785,850. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RAISE FUNDS TO ASSIST CHARLESTON AREA MEDICAL CENTER, INC. IN ITS HEALTHCARE MISSION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CAMC FOUNDATION, INC. PROVIDES SUPPORT TO OR FOR THE BENEFIT OF CHARLESTON AREA MEDICAL CENTER, INC. GRANTS WERE APPROVED FOR RESEARCH, EDUCATION, AND MEDICAL ASSISTANCE.


CAMC FOUNDATION, INC. PROVIDES SUPPORT TO OR FOR THE BENEFIT OF CAMC HEALTH EDUCATION AND RESEARCH INSTITUTE, INC. GRANTS WERE APPROVED FOR RESEARCH AND EDUCATION.


CAMC FOUNDATION, INC. PROVIDES SUPPORT TO OR FOR THE BENEFIT OF APPROXIMATELY 100 INDIVIDUALS AND COMPANIES, PARTICULARLY LOW-INCOME INDIVIDUALS AND FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
E Gail Pitchford
President (end 9/21)
$0
Robert B Cummings
President (start 10/21)
$0
David Ferretti
Treasurer
$0
Douglas P Meeks
Vice Chairman
$0
Ted H Brady
Secretary
$0
Ann Orders
Chairwoman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Atlanta Capital Management
Investment Management
$119,659
Westfield Capital Management
Investment Management
$136,851
Eagle Asset Management
Investment Management
$110,710
West Virginia Univ Physicians Of Charle
Physician Support
$102,693
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$233,174
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,079,709
Noncash contributions included in lines 1a–1f $57,481
Total Revenue from Contributions, Gifts, Grants & Similar$4,312,883
Total Program Service Revenue$0
Investment income $9,581,495
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $556,548
Net Gain/Loss on Asset Sales $12,330,114
Net Income from Fundraising Events -$22,160
Net Income from Gaming Activities $4,510
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,763,390

Grants Awarded

Over the last fiscal year, Camc Foundation Inc has awarded $3,845,874 in support to 6 organizations.

Grant RecipientAmount

CHARLESTON AREA MEDICAL CENTER INC

Org PageRecipient Profile

Charleston, WV

PURPOSE: General Support

$3,449,035

CAMC HEALTH EDUCATION AND RESEARCH INSTITUTE INC

Org PageRecipient Profile

Charleston, WV

PURPOSE: General Support

$325,134

UNIVERSITY OF CHARLESTON

Org PageRecipient Profile

Charleston, WV

PURPOSE: General Support

$30,000

WEST VIRGINIA UNIVERSITY PHYSICIANS OF CHARLESTON

Org PageRecipient Profile

Morgantown, WV

PURPOSE: General Support

$16,705

Morgantown, WV

PURPOSE: General Support

$15,000

WV CHAPTER AMERICAN COLLEGE OF SURGEONS

Org PageRecipient Profile

Charleston, WV

PURPOSE: General Support

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Camc Foundation Inc has recieved totaling $122,261.

Awarding OrganizationAmount
Greater Kanawha Valley Foundation

Charleston, WV

PURPOSE: GENERAL SUPPORT

$67,261
American Cancer Society Inc

Kennesaw, GA

PURPOSE: Patient Support

$30,000
West Virginia Child Abuse Network Inc

Charleston, WV

PURPOSE: CAC Support

$15,000
Columbus Foundation

Columbus, OH

PURPOSE: SOCIAL SERVICES

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$93,722,666
Earnings$10,942,868
Admin Expense$115,077
Net Contributions$4,316,968
Grants$931,075
Ending Balance$107,936,350

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