The Patrick And Catherine Donaghue Medical Research Foundation
- Assets
- $73.3m
- Revenue
- $10.6m
- Investments
- $70.0m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 06-6348275
Organization Overview
The Patrick And Catherine Donaghue Medical Research Foundation is located in West Hartford, CT. The organization was established in 1992. 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. Patrick And Catherine Donaghue Medical Research 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, Patrick And Catherine Donaghue Medical Research Foundation generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 6 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, Patrick And Catherine Donaghue Medical Research Foundation has awarded 258 individual grants totaling $30,365,809. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONNECTICUT CHOOSING WISELY COLLABORATIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Na Trustee | 1 | $328,553 | |
Lynne Garner Trustee/president | 40 | $136,686 | |
Stacy Cloud Program Director | 30 | $95,000 | |
Nancy Yedlin Vice President | 30 | $37,946 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $560 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,206,075 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,371,364 |
| Capital Gain Net Income | $8,371,364 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,924 |
| Total Revenue | $10,591,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $465,239 |
| Other employee salaries and wages | $212,426 |
| Pension plans, employee benefits | $50,687 |
| Interest | $0 |
| Taxes | $68,082 |
| Depreciation | $2,168 |
| Occupancy | $53,082 |
| Travel, conferences, and meetings | $1,635 |
| Printing and publications | $16,329 |
| Other expenses | $57,034 |
| Total operating and administrative expenses | $1,099,224 |
| Contributions, gifts, grants paid | $3,593,629 |
| Total expenses and disbursements | $4,692,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,803 |
| Savings and temporary cash investments | $3,328,239 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,341,789 |
| Net Land, buildings, and equipment | $5,964 |
| Other assets | $0 |
| Total assets | $73,311,448 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Patrick And Catherine Donaghue Medical Research Foundation has awarded $5,239,494 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY PURPOSE: REAL-TIME PRESCRIPTION BENEFIT TOOLS IN THE ELECTRONIC HEALTH RECORD: WORKING TOWARDS GREATER VALUE PRESCRIBERS AND PATIENTS | $439,569 |
BOSTON UNIVERSITY SCHOLL OF PUBLIC HEALTH PURPOSE: VALUE AND EQUITY OF TELEHEALTH FOR LOW-INCOME PATIENTS WITH CHRONIC CONDITIONS AT FQHCS | $419,802 |
Washington, DC PURPOSE: RESEARCH FOR HIGH-VALUE EQUITABLE CARE | $340,774 |
Duarte, CA PURPOSE: GERIATRIC ASSESSMENT-DRIVEN SUPPORTIVE CARE INTERVENTIONS TO REDUCE LOW-VALUE CARE IN OLDER ADULTS WITH CANCER IN THE COMMUNITYOLDER ADU | $229,482 |
New York, NY PURPOSE: INCREASING VALUE THROUGH OPTIMIZED CATARACT SURGICAL CARE PATHWAYS AND SUPPLY | $223,006 |
JOHNS HOPKINS UNIVERSITY PURPOSE: REDUCING OVERUSE OF RESPIRATORY CULTURES AND ANTIBIOTIC USE IN MECHANICALLY VENTILATED CHILDREN ACROSS A NATIONAL PEDIATRIC CRITICAL CARE COLLABORATIVE | $220,879 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
International Union Operating Engineers Johnston, RI | $24,623,216 | $15,388,250 |
Danbury Hospital & New Milford Hospital Foundation Inc Danbury, CT | $175,854,316 | $24,324,982 |
New York And Presbyterian Hospitals Healthcare System Inc New York, NY | $3,724,021 | $13,051,406 |
Connecticut Childrens Foundation Inc Hartford, CT | $208,742,176 | $23,151,101 |
Umh Jgj Corp Binghamton, NY | $8,297,454 | $12,939,554 |
Kaleida Health Foundation Buffalo, NY | $51,635,674 | $6,911,970 |