Virtua Health Foundation Inc

Organization Overview

Virtua Health Foundation Inc is located in Marlton, NJ. The organization was established in 2003. 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. Virtua 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 12/2021, Virtua Health Foundation Inc generated $9.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $31.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Virtua Health Foundation Inc has awarded 30 individual grants totaling $54,633,942. 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

VIRTUA FOUNDATION IS THE RESOURCE DEVELOPMENT ARM OF VIRTUA, A NON-PROFIT HEALTHCARE SYSTEM PROVIDING THE BEST CARE FOR FAMILIES ACROSS SOUTH JERSEY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VIRTUA FOUNDATION ENDOWMENT GIFT TO ROWAN UNIVERSITY TO ESTABLISH A NEW ACADEMIC HEALTH SYSTEM TO PROMOTE AND ENHANCE CLINICAL EDUCATION, RESEARCH, AND CLINICAL ACTIVITIES.


VIRTUA FOUNDATION SOLICITED FUNDS ON BEHALF OF VIRTUA HEALTH, INC. A RELATED ENTITY. THESE FUNDS WILL BE USED TOWARD PROGRAMS OF EXCELLENCE WITHIN VIRTUA. VIRTUA FOUNDATION AND OUR PARTNERS IN THE COMMUNITY RAISE FUNDS TO SUPPORT THE PROGRAMS AND SERVICES FAMILIES RELY ON AT VIRTUA, A NON-PROFIT HEALTHCARE SYSTEM DEDICATED TO HELPING YOU BE WELL, GET WELL AND STAY WELL. VIRTUA FOUNDATION BELIEVES THAT BY WORKING TOGETHER THROUGH ACTS OF KINDNESS AND GENEROSITY, WE CAN ENSURE THAT EVERY MEMBER OF OUR COMMUNITY HAS ACCESS TO TOP-QUALITY HEALTH CARE.


VIRTUA FOUNDATION SOLICITED FUNDS ON BEHALF OF VIRTUA-MEMORIAL HOSPITAL, A RELATED ENTITY. THESE FUNDS WILL BE USED FOR PATIENT CARE, NEW MEDICAL EQUIPMENT AND RENOVATIONS TO THE HOSPITAL BUILDING.


VIRTUA HEALTH REHAB CENTER @ BERLIN (SOLICITED FUNDS)EXPENSE OF $675GRANT OF $675VIRTUA HEALTH REHAB CENTER @ MT. HOLLY (SOLICITED FUNDS)EXPENSE OF $1,169GRANT OF $1,169VIRTUA MEDICAL GROUP (SOLICITED FUNDS)EXPENSE OF $4,311GRANT OF $4,311COLLEAGUE CARE FUNDEXPENSE OF $152,561GRANT OF $152,561CONTINUING MEDICAL EDUCATION: FUNDS COLLECTED TO HELP OFFSET THE COST OF CME FOR DOCTORS AND NURSES.EXPENSE OF $63,705GRANT OF $63,705VIRTUA WEST JERSEYEXPENSE OF -$4,044GRANT OF -$4,044HOSPITAL RELATED: VARIOUS PROGRAMSEXPENSE OF $839,994


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Board, Officers & Key Employees

Name (title)Compensation
Dennis W Pullin
President/ceo
$0
Damien Ghee
Vice Chairman
$0
John J Parker
Chairman
$0
Richard Silpe ESQ
Treasurer
$0
Sarah Fawcett-Lee
SVP Of Foundation
$0
Robert M Segin
Evp/cfo
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$114,702
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,085,054
Noncash contributions included in lines 1a–1f $27,306
Total Revenue from Contributions, Gifts, Grants & Similar$5,199,756
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,932,940
Net Income from Fundraising Events -$9,500
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,123,196

Grants Awarded

Over the last fiscal year, Virtua Health Foundation Inc has awarded $29,387,379 in support to 3 organizations.

Grant RecipientAmount

ROWAN UNIVERSITY FOUNDATION

Org PageRecipient Profile

Glassboro, NJ

PURPOSE: PROMOTE AND ENHANCE CLINICAL EDUCATION, RESEARCH, AND CLINICAL ACTIVITIES.

$25,000,000

VIRTUA HEALTH INC

Org PageRecipient Profile

Marlton, NJ

PURPOSE: MEDICAL EDUCATION AND SUPPORT FOR VIRTUA HEALTH'S PROGRAMS OF EXCELLENCE.

$3,737,341

VIRTUA - MEMORIAL HOSPITAL OF BURLINGTON COUNTY

Org PageRecipient Profile

Marlton, NJ

PURPOSE: PURCHASE UPGRADES TO MEDICAL EQUIPMENT AND TO ENHANCE PATIENT CARE.

$650,038
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Virtua Health Foundation Inc has recieved totaling $18,015.

Awarding OrganizationAmount
Estate Of Lee E Griscom In Trust Acct 1216

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$13,850
Mahlon F Shreve Trust

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$4,165
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,265,347
Earnings$1,429,309
Admin Expense$101,016
Other Expense$419,353
Ending Balance$13,174,286

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