Sanford Health Foundation North

Organization Overview

Sanford Health Foundation North is located in Sioux Falls, SD. The organization was established in 1988. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Sanford Health Foundation North 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, Sanford Health Foundation North generated $12.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $6.7m during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Sanford Health Foundation North has awarded 53 individual grants totaling $25,721,898. 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

TO INSPIRE PHILANTHROPY TO ADVANCE THE MISSION OF SANFORD HEALTH. 100% OF DONOR DOLLARS FUEL THE WORK OF HEALTH, HEALING AND COMFORT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION INSPIRES AND FACILITATES PHILANTHROPIC INVESTMENT AND BUILDS COMMUNITY ENGAGEMENT AROUND LOCAL HEALTH CARE-RELATED PROGRAMS, SERVICES HEALTH INITIATIVES. SPECIFICALLY, DONATIONS HELP PROVIDE PATIENT CARE AND FAMILY SUPPORT ($2,765,556), EQUIPMENT AND FACILITY IMPROVEMENT PROJECTS ($656,930), EMPLOYEE BENEFIT ($126,515), COMMUNITY BENEFIT ($148,323), AND OTHER SUPPORT($2,223,795).


ADDITIONAL DONATIONS HELP SUPPORT HEALTHCARE EDUCATION AND RESEARCH PROGRAMS. SANFORD HEALTH IS DEDICATED TO PROVIDING CONTINUING TRAINING AND EDUCATION FOR ITS EMPLOYEES, ENSURING THAT PATIENTS HAVE THE BENEFIT OF THE MOST CURRENT PROTOCOLS IN CARE DELIVERY.


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Board, Officers & Key Employees

Name (title)Compensation
Bill Gassen III
Trustee, President & CEO
$0
Mark Paulson MD
Trustee, Past Chair, Physician
$0
Brent Teiken
Trustee, Chairperson
$0
Andy North
Trustee, Secretary
$0
Neil Gulsvig
Trustee, Treasurer
$0
Don Jacobs
Trustee, Vice Chairperson
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$28,654
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,835,276
Noncash contributions included in lines 1a–1f $1,176,700
Total Revenue from Contributions, Gifts, Grants & Similar$7,863,930
Total Program Service Revenue$0
Investment income $2,522,928
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,372,796
Net Income from Fundraising Events $5,665
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,791,067

Grants Awarded

Over the last fiscal year, Sanford Health Foundation North has awarded $6,661,763 in support to 11 organizations.

Grant RecipientAmount

SANFORD MEDICAL CENTER FARGO

Org PageRecipient Profile

Sioux Falls, SD

PURPOSE: SEE FORM 990, PAGE 2, PART III

$4,661,270

SANFORD RESEARCH NORTH

Org PageRecipient Profile

Fargo, ND

PURPOSE: SEE FORM 990, PAGE 2, PART III

$1,064,197

Sioux Falls, SD

PURPOSE: SEE FORM 990, PAGE 2, PART III

$515,000

SANFORD HEALTH NETWORK NORTH

Org PageRecipient Profile

Sioux Falls, SD

PURPOSE: SEE FORM 990, PAGE 2, PART III

$151,492

THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY

Org PageRecipient Profile

Sioux Falls, SD

PURPOSE: SEE FORM 990, PAGE 2, PART III

$142,583

Sioux Falls, SD

PURPOSE: SEE FORM 990, PAGE 2, PART III

$37,871
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Sanford Health Foundation North has recieved totaling $34,355.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$16,962
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$10,500
Fargo-Moorhead Area Foundation Corporation

Fargo, ND

PURPOSE: GENERAL SUPPORT

$6,893
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$37,237,850
Net Contributions$2,251,376
Ending Balance$39,489,226

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