Baystate Health Foundation Inc

Organization Overview

Baystate Health Foundation Inc is located in Springfield, MA. The organization was established in 2001. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2021, Baystate Health Foundation Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baystate Health Foundation Inc 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 09/2021, Baystate Health Foundation Inc generated $11.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $8.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Baystate Health Foundation Inc has awarded 42 individual grants totaling $45,803,895. 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

THE MISSION OF BAYSTATE HEALTH FOUNDATION IS TO INSPIRE A "CULTURE OF PHILANTHROPY AND ENCOURAGE PHILANTHROPIC RELATIONSHIPS THAT WILL SUPPORT THE MISSION AND VISION OF BAYSTATE HEALTH WHICH IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY AREAS OF SUPPORT IN 2021 INCLUDE THE BAYSTATE HEALTH FAMILY MEDICINE RESIDENCY PROGRAM, CANCER RESEARCH AND OTHER PATIENT-CENTERED PROGRAMS AND SERVICES, BAYSTATE CHILDREN'S HOSPITAL, BAYSTATE WING HOSPITAL, BAYSTATE FRANKLIN MEDICAL CENTER, BAYSTATE HOME HEALTH AND HOSPICE (F.K.A) BAYSTATE VISITING NURSE ASSOCIATION & HOSPICE OF WESTERN NEW ENGLAND, INC.


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Financial Statements

Statement of Revenue
Federated campaigns$4,434
Membership dues$0
Fundraising events$769,509
Related organizations$167,250
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,668,630
Noncash contributions included in lines 1a–1f $15,853
Total Revenue from Contributions, Gifts, Grants & Similar$6,609,823
Total Program Service Revenue$2,848,172
Investment income $526,248
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $555,746
Net Income from Fundraising Events $386,795
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,066,135

Grants Awarded

Over the last fiscal year, Baystate Health Foundation Inc has awarded $4,625,757 in support to 7 organizations.

Grant RecipientAmount

BAYSTATE MEDICAL CENTER INC

Org PageRecipient Profile

Springfield, MA

PURPOSE: To support education, research, clinical and healthcare programs

$2,512,135

BAYSTATE HEALTH INC

Org PageRecipient Profile

Springfield, MA

PURPOSE: To support education, research, clinical and healthcare programs

$781,808

BAYSTATE FRANKLIN MEDICAL CENTER

Org PageRecipient Profile

Greenfield, MA

PURPOSE: To support education, research, clinical and healthcare programs

$499,204

BAYSTATE MEDICAL PRACTICES INC

Org PageRecipient Profile

Springfield, MA

PURPOSE: To support education, research, clinical and healthcare programs

$381,586

VISITING NURSE ASSOCIATION AND HOSPICE OF WESTERN NEW ENGLANDINC

Org PageRecipient Profile

West Springfield, MA

PURPOSE: To support education, research, clinical and healthcare programs

$171,172

BAYSTATE WING HOSPITAL CORPORATION

Org PageRecipient Profile

Palmer, MA

PURPOSE: To support education, research, clinical and healthcare programs

$160,162
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Baystate Health Foundation Inc has recieved totaling $276,262.

Awarding OrganizationAmount
Edward Walker Trust Uw 420-6899506

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$195,393
$27,908
Ottilie P Brown Trust 0-8129-00-2

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$19,793
Trust Wa Lucy Gillett

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$13,237
Gladys L Brown Tr Uind

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$9,952
Easthampton Savings Foundation

Easthampton, MA

PURPOSE: EXEMPT PURPOSE

$5,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$68,344,051
Earnings$15,499,000
Net Contributions$2,883,000
Other Expense$2,646,000
Ending Balance$84,080,051

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