Upmc Pinnacle Foundation

Organization Overview

Upmc Pinnacle Foundation is located in Harrisburg, PA. The organization was established in 1986. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Upmc Pinnacle 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 06/2021, Upmc Pinnacle Foundation generated $10.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $10.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Upmc Pinnacle Foundation has awarded 15 individual grants totaling $11,545,236. 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

INVESTMENT AND FUNDRAISING ACTIVITIES FOR THE BENEFIT OF RELATED TAX-EXEMPT ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UPMC PINNACLE FOUNDATION ("FOUNDATION") ENGAGES IN INVESTMENT AND FUNDRAISING ACTIVITIES FOR THE BENEFIT OF RELATED TAX-EXEMPT ORGANIZATIONS. THROUGH INVESTMENT AND FUNDRAISING ACTIVITIES, UPMC PINNACLE FOUNDATION SUPPORTS A WIDE SPECTRUM OF HEALTHCARE AND WELLNESS SERVICES SUCH AS PREVENTION EDUCATION PROGRAMS, COMMUNITY AWARENESS AND EDUCATION, SUPPORT GROUPS AND FREE AND DISCOUNTED HEALTH SCREENINGS DESIGNED TO IMPROVE ACCESS TO CARE, REDUCE BARRIERS TO TREATMENT AND IMPROVE OVERALL HEALTH AND QUALITY OF LIFE FOR THE REGION. FOUNDATION FUNDS SUPPORT AND UNDER-GIRD TECHNOLOGICAL INNOVATION AND DIRECTLY IMPACT THE DIVERSE NEEDS OF VULNERABLE, UNINSURED AND UNDERINSURED POPULATIONS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$189,845
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$771,813
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$961,658
Total Program Service Revenue$0
Investment income $1,297,925
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,256,574
Net Income from Fundraising Events $34,357
Net Income from Gaming Activities $145
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,550,659

Grants Awarded

Over the last fiscal year, Upmc Pinnacle Foundation has awarded $8,637,208 in support to 3 organizations.

Grant RecipientAmount

PINNACLE HEALTH MEDICAL SERVICES

Org PageRecipient Profile

Harrisburg, PA

PURPOSE: GENERAL OPERATIONS

$7,496,548

Harrisburg, PA

PURPOSE: GENERAL OPERATIONS

$591,849

UPMC PINNACLE HOSPITALS

Org PageRecipient Profile

Harrisburg, PA

PURPOSE: GENERAL OPERATIONS

$548,811
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Upmc Pinnacle Foundation has recieved totaling $43,790.

Awarding OrganizationAmount
The Foundation For Enhancing Communities

Harrisburg, PA

PURPOSE: TO BE USED FOR HOSPICE PURPOSES FOR UPMC PINNACLE HEALTH SYSTEM

$21,895
The Foundation For Enhancing Communities

Harrisburg, PA

PURPOSE: TO BE USED FOR GENERAL SUPPORT FOR UPMC HARRISBURG HOSPITAL

$21,895
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$20,773,914
Earnings$7,646,851
Net Contributions$1,447,207
Other Expense$723,173
Ending Balance$29,144,799

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