Providence St Vincent Medical Foundation

Organization Overview

Providence St Vincent Medical Foundation is located in Portland, OR. The organization was established in 1970. 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. Providence St Vincent Medical 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, Providence St Vincent Medical Foundation generated $42.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $14.9m during the year ending 12/2021. While expenses have increased by 2.8% 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, Providence St Vincent Medical Foundation has awarded 34 individual grants totaling $80,597,548. 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

SEE SCHEDULE OAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE PURSUE INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 120,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 52 HOSPITALS, 1,085 CLINICS AND A COMPREHENSIVE RANGE OF SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:- PROVIDENCE ACROSS SEVEN WESTERN STATES- COVENANT HEALTH IN WEST TEXAS- PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA- HOAG MEMORIAL HOSPITAL PRESBYTERIAN IN ORANGE COUNTY, CA- KADLEC IN SOUTHEAST WASHINGTON- PACIFIC MEDICAL CENTERS IN SEATTLE, WA- SWEDISH HEALTH SERVICES IN SEATTLE, WA2021 WAS MARKED BY THREE MAJOR SURGES IN COVID-19 VOLUMES, A NATIONAL SHORTAGE OF HEALTH CARE PERSONNEL, AS WELL AS DEFERRALS OF NON-EMERGENT CARE. EVEN WITH THESE TREMENDOUS CHALLENGES, THE PROVIDENCE FAMILY OF ORGANIZATIONS CONTINUED TO INVEST IN OUR COMMUNITIES, GUIDED BY OUR STRATEGIC PLAN AND OUR COMMUNITY BENEFIT PRIORITIES.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORTENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSOVER THE LAST TWO YEARS, PROVIDENCE ADVANCED A SOCIAL RESPONSIBILITY FRAMEWORK THAT INCLUDES A STRONGER COMMITMENT TO DIVERSITY, EQUITY, INCLUSION, AND ENVIRONMENTAL STEWARDSHIP. WE UPDATED OUR INTEGRATED STRATEGIC & FINANCIAL PLAN TO MORE CLEARLY EXPRESS OUR COMMITMENT AND ACCELERATION OF THIS IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES IN THE COMMUNITIES WE SERVE. PROVIDENCE'S SOCIAL RESPONSIBILITY FRAMEWORK AIMS TO DEPLOY THE ASSETS OF OUR SYSTEM TO SUPPORT COMMUNITY HEALTH IMPROVEMENT, STRENGTHEN LOCAL ECONOMIES AND REDUCE OUR CARBON FOOTPRINT. IN 2021, OUR SUSTAINABLE AND INCLUSIVE PURCHASING PROGRAM COMMITTED TO INCREASE OUR SPEND WITH WOMEN AND MINORITY OWNED BUSINESS ENTERPRISES BY OVER $300 MILLION ACROSS THE NEXT FIVE YEARS. WE ALSO DEPLOY AN INVESTING PORTFOLIO WHICH INCLUDES SHAREHOLDER ADVOCACY, IMPACT INVESTING, AND SOCIALLY CONSCIOUS PORTFOLIO SCREENS. IN 2021, PROVIDENCE MADE PROGRESS TOWARDS ITS CLIMATE COMMITMENT TO BECOME CARBON NEGATIVE BY 2030. WE ARE IMPLEMENTING AN ENVIRONMENTAL STEWARDSHIP SYSTEM STRATEGY THAT ENCOURAGES WASTE REDUCTIONS, EFFICIENT ENERGY AND WATER USE, LOCAL AGRICULTURE PARTNERSHIPS, LESS TOXIC AND FEWER CHEMICAL USE, AND A REDUCTION IN CARBON FROM TRAVEL.PROGRAM SERVICE ACCOMPLISHMENTS - FUNDING OF OPERATIONS AT PROVIDENCE ST VINCENT MEDICAL CENTER AND PH&S-OREGON. THIS INCLUDES OVER $5.4 MILLION FOR THE HEART INSTITUTE INCLUDING SUPPORT OF THE HEART TRANSPLANT PROGRAM, AND $675,000 FOR NURSING ADMINISTRATION, IN ADDITION TO HELPING SUPPORT THE DAY-TO-DAY OPERATIONS OF THE ST VINCENT MEDICAL CENTER AND EXPENSES PAID ON THE MEDICAL CENTER'S BEHALF.NURSING SCHOLARSHIPS AND LOANS FOR FUTURE NURSES WORKING AT PROVIDENCE.FUNDS TO CATHOLIC CHARITIES FOR ITS ADMINISTRATION OF THE HELPING HAND FUND, WHICH PROVIDED LIVING ASSISTANCE TO EMPLOYEES WITHIN THE PH&S-OREGON CORPORATION.FINANCIAL ASSISTANCE TO BREAST CANCER PATIENTS, AS WELL AS SUPPORT FOR CANCER, HEART, ORTHOPEDIC, AND MULTIPLE SCLEROSIS RESEARCH.


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Board, Officers & Key Employees

Name (title)Compensation
Don Vollum
Vice President
$0
Ed Jensen
Secretary
$0
Tammy Witcosky
Treasurer
$0
Lorie Tekorius
President
$0
Kevin Finn
Executive Director
$0
Barbara Blakely
Trustee (part Year)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Morgan Stanley Smith Barney
Investment Management
$174,187
Northern Trust Company
Investment Management
$380,616
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$489,643
Related organizations$409,424
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$25,792,071
Noncash contributions included in lines 1a–1f $703,600
Total Revenue from Contributions, Gifts, Grants & Similar$26,691,138
Total Program Service Revenue$0
Investment income $5,146,339
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,639,105
Net Income from Fundraising Events -$38,644
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$323,584
Miscellaneous Revenue$0
Total Revenue $42,114,354

Grants Awarded

Over the last fiscal year, Providence St Vincent Medical Foundation has awarded $13,894,512 in support to 3 organizations.

Grant RecipientAmount

PROVIDENCE HEALTH & SERVICES - OREGON

Org PageRecipient Profile

Renton, WA

PURPOSE: OPERATIONAL AND CAPITAL SUPPORT

$13,118,082

UNIVERSITY OF PORTLAND

Org PageRecipient Profile

Portland, OR

PURPOSE: OPERATIONAL SUPPORT

$686,954

CATHOLIC CHARITIES

Org PageRecipient Profile

Portland, OR

PURPOSE: OPERATIONAL SUPPORT

$89,476
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Providence St Vincent Medical Foundation has recieved totaling $511,881.

Awarding OrganizationAmount
Oregon Community Foundation

Portland, OR

PURPOSE: Physical Health

$218,872
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$133,300
Ocf Joseph E Weston Public Foundation

Portland, OR

PURPOSE: Physical Health

$50,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$41,682
Thrivent Charitable Impact & Investing

Appleton, WI

PURPOSE: PROVIDENCE MS TEAM RESEARCH

$19,799
Amyotrophic Lateral Sclerosis Association

Portland, OR

PURPOSE: ALS CLINIC SUPPORT

$18,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$30,978,112
Earnings$4,065,970
Net Contributions$166,723
Grants$840,277
Ending Balance$34,370,528

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