Bethesda Foundation Inc
- Assets
- $178.9m
- Revenue
- $46.7m
- Investments
- $35.8m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 05/1974
- Data as of
- 06/2021
- EIN
- 23-7374129
Organization Overview
Bethesda Foundation Inc is located in Cincinnati, OH. The organization was established in 1974. 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. Bethesda 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.
Since 2015, Bethesda Foundation Inc has awarded 43 individual grants totaling $47,681,073. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT BETHESDA HOSPITAL TO ACCOMPLISH ITS STRATEGIC VISION AND MEET HEALTH CARE CHALLENGES.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Swallow President & CEO | OfficerTrustee | 60 | $0 |
Rachid Abdallah Chairperson | OfficerTrustee | 1 | $0 |
Bill Graf Secretary | OfficerTrustee | 1 | $0 |
Spencer Cropper Treasurer | OfficerTrustee | 1 | $0 |
Robert Mitchell Vice Chair | OfficerTrustee | 1 | $0 |
Grant Hesser Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Mail Llc Mail Services | 6/29/15 | $111,549 |
Kenwood Country Club Charity Golf Outing | 6/29/15 | $126,471 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $479,458 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,928,034 |
| Noncash contributions included in lines 1a–1f | $18,238 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,407,492 |
| Total Program Service Revenue | $590,080 |
| Investment income | $1,214,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,190,881 |
| Net Income from Fundraising Events | $305,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,708,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,834,101 |
| Grants and other assistance to domestic individuals. | $121,975 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $340,623 |
| Fees for services: Other | $563,125 |
| Advertising and promotion | $49,195 |
| Office expenses | $55,063 |
| Information technology | $13,983 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,594 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,328 |
| Insurance | $0 |
| All other expenses | $18,532 |
| Total functional expenses | $10,760,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,313,088 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,944 |
| Investments—publicly traded securities | $126,508,197 |
| Investments—other securities | $35,798,452 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $178,888,880 |
| Accounts payable and accrued expenses | $407,867 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,673,641 |
| Total liabilities | $36,081,508 |
| Net assets without donor restrictions | $133,561,461 |
| Net assets with donor restrictions | $9,245,911 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $178,888,880 |
Grants Awarded
Over the last fiscal year, Bethesda Foundation Inc has awarded $7,811,281 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: GENERAL SUPPORT | $5,753,157 |
Cincinnati, OH PURPOSE: TRIHEALTH WAY OF LEADING FUNDING & GENERAL SUPPORT | $1,686,074 |
Cincinnati, OH PURPOSE: SCHOOL-BASED BEHAVIORAL HEALTH GRANT PAYMENT | $345,100 |
Cincinnati, OH PURPOSE: HEALTH IMPROVEMENT GRANT PAYMENT | $26,950 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Bethesda Foundation Inc has recieved totaling $61,805.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $23,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $18,000 |
National Breast Cancer Foundation Inc Frisco, TX PURPOSE: Screening & Diagnostics | $10,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $9,800 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $5,835,927 |
| Earnings | $1,887,583 |
| Net Contributions | $3,617 |
| Other Expense | -$1,000,000 |
| Ending Balance | $8,727,127 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
The Erm Group Health & Welfare Trust Malvern, PA | $0 | $29,217,705 |
Indiana Jefferson Radiation Oncology Inc Indiana, PA | $76,804 | $26,313,559 |
Indiana University Health Foundation Inc Indianapolis, IN | $328,480,588 | $51,478,300 |
Geisinger Health Danville, PA | $3,255,726,286 | $301,727,565 |
Promedica Foundation Toledo, OH | $412,976,640 | $33,946,131 |
Alyeska Pipeline Service Company Health And Welfare Benefits Trust Pittsburgh, PA | $2,121,654 | $18,868,152 |
Michiana Area Electrical Workers Health & Welfare Fund Lansing, MI | $25,252,279 | $21,753,324 |