East Carolina University Medical & Health Sciences Foundation Inc

Organization Overview

East Carolina University Medical & Health Sciences Foundation Inc is located in Greenville, NC. The organization was established in 1969. 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. East Carolina University Medical & Health Sciences 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 06/2021, East Carolina University Medical & Health Sciences Foundation Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $4.1m during the year ending 06/2021. While expenses have increased by 4.3% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION EXISTS FOR THE PURPOSES OF SUPPORTING AND PROMOTING THE EDUCATIONAL AND CHARITABLE PURPOSES AND THE LAWFUL ACTIVITIES OF THE ECU DIVISION OF HEALTH SCIENCES.

Describe the Organization's Program Activity:

SCHOLARSHIPS AND AWARDS - AWARDS ARE GIVEN TO QUALIFYING STUDENTS AND RESIDENTS TO ENABLE THEM TO ATTAIN A QUALITY EDUCATION OF HIGHER LEARNING OR TO RECOGNIZE THEM FOR ACHIEVEMENTS IN EDUCATION OR RESEARCH.


PROGRAM AND FACULTY SUPPORT - THE FOUNDATION PROVIDES SUPPORT TO VARIOUS PROGRAMS AND DEPARTMENTS FOR THE SCHOOLS OF MEDICINE AND DENTAL MEDICINE, COLLEGES OF NURSING AND ALLIED HEALTH SCIENCES, AND THE LAUPUS LIBRARY.


RESEARCH, CLINICAL AND EDUCATION - AID AND SUPPORT ARE GIVEN TO STUDENTS, PROFESSORS, AND RESIDENTS FOR THEIR RESEARCH IN FIELDS OF MEDICAL SCIENCE. THE FOUNDATION ALSO PROVIDES SUPPORT FOR EDUCATIONAL ACTIVITIES TO STUDENTS AND THE COMMUNITY AND TO PROVIDE CARE TO PATIENTS AT UNIVERSITY MEDICAL AND DENTAL CLINICS.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas J Robinson
Chair
$0
David J Whichard III
Vice Chair
$0
Vincent R Jones
Vice Chair
$0
Deanna M Boyette
Secretary
$0
Gary R Vanderpool
Treasurer
$0
Herbert G Garrison III
Interim President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$12,903
Related organizations$368,028
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,408,946
Noncash contributions included in lines 1a–1f $190,802
Total Revenue from Contributions, Gifts, Grants & Similar$4,789,877
Total Program Service Revenue$33,850
Investment income $250,694
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $34,100
Net Gain/Loss on Asset Sales $125,743
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,234,264

Grants Recieved

Over the last fiscal year, we have identified 8 grants that East Carolina University Medical & Health Sciences Foundation Inc has recieved totaling $818,512.

Awarding OrganizationAmount
North Carolina Community Foundation Inc

Raleigh, NC

PURPOSE: EDUCATION

$361,763
Dogwood Health Trust

Asheville, NC

PURPOSE: IMPROVED ACCESS TO ORAL HEALTH CARE

$225,000
East Carolina University Foundation Inc

Greenville, NC

PURPOSE: GENERAL PROGRAM

$80,234
Raymond James Charitable Endowment Fund

St Petersberg, FL

PURPOSE: GENERAL SUPPORT

$67,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$43,675
Delta Dental Fund

Lansing, MI

PURPOSE: GENERAL GRANT

$20,803
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$32,589,665
Earnings$1,156,363
Admin Expense$287,025
Net Contributions$10,888,387
Other Expense$681,829
Grants$530,054
Ending Balance$43,135,507

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