Swedish Covenant Hospital Foundation

Organization Overview

Swedish Covenant Hospital Foundation is located in Chicago, IL. The organization was established in 1975. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Swedish Covenant Hospital 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, Swedish Covenant Hospital Foundation generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $225.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SWEDISH COVENANT HOSPITAL FOUNDATION FOLLOWS THE MISSION OF NORTHSHORE UNIVERSITY HEALTHSYSTEM TO "PRESERVE AND IMPROVE HUMAN LIFE."

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SUPPORT TO SWEDISH COVENANT HEALTH.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Former Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$113,892
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$218,561
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$332,453
Total Program Service Revenue$0
Investment income $556,692
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,291,150
Net Income from Fundraising Events -$2,499
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,177,796

Grants Awarded

Over the last fiscal year, Swedish Covenant Hospital Foundation has awarded $530,586 in support to 2 organizations.

Grant RecipientAmount

NORTHSHORE UNIVERSITY HEALTHSYSTEM

Org PageRecipient Profile

Evanston, IL

PURPOSE: Genomics Program

$500,000

SWEDISH COVENANT HEALTH

Org PageRecipient Profile

Chicago, IL

PURPOSE: General Support

$30,586
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Swedish Covenant Hospital Foundation has recieved totaling $124,983.

Awarding OrganizationAmount
Fifth Third Bank Chicagoland Foundation

Rosemont, IL

PURPOSE: COMMUNITY SERVICE

$25,000
Witz Family Foundation

Oak Brook, IL

PURPOSE: CHARITABLE

$25,000
Fifth Third Bank Chicagoland Foundation

Rosemont, IL

PURPOSE: COMMUNITY SERVICE

$25,000
Galter Foundation

Niles, IL

PURPOSE: TO FOSTER AND PROMOTE ACTIVITIES OF RECIPIENT

$25,000
Katherine And Louis Bries Medical Foundation

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$13,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$11,650
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$21,780,251
Earnings$150,165
Net Contributions$260,954
Other Expense$161,874
Ending Balance$22,029,496

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