Henry Ford Health System Foundation
- Assets
- $411.2m
- Revenue
- $16.7m
- Investments
- $61.4m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 07/1974
- Data as of
- 12/2021
- EIN
- 23-7383042
Organization Overview
Henry Ford Health System Foundation is located in Detroit, MI. 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. Henry Ford Health System 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, Henry Ford Health System Foundation generated $16.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $17.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE LIFE BY SUPPORTING EXCELLENCE IN THE SCIENCE AND ART OF HEALTH CARE AND HEALING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PURPOSE IS TO MANAGE AN ENDOWMENT FUND AND BASED ON THE RESULTS OF HF HEALTH NEEDS ANALYSIS, PROVIDE FUNDING TO VARIOUS RESEARCH AND OTHER INITIATIVES OF HF HEALTH AND ITS AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas C Buhl Trustee - Chair | OfficerTrustee | 2 | $0 |
Wright L Lassiter III Trustee- President | OfficerTrustee | 2 | $0 |
Marjorie A Staten JD Assistant Secretary | Officer | 2 | $0 |
Michelle Johnson Tidjani ESQ Secretary | Officer | 2 | $0 |
Robin S Damschroder Treasurer | Officer | 2 | $0 |
Allen H Demchik Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,008,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,680,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,717,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,125,084 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $463,736 |
| Total functional expenses | $17,588,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,646,149 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $348,090,138 |
| Investments—other securities | $61,443,978 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,576 |
| Total assets | $411,181,841 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $17,100,000 |
| 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 | $0 |
| Total liabilities | $17,100,000 |
| Net assets without donor restrictions | $394,081,841 |
| Net assets with donor restrictions | $0 |
| 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 | $411,181,841 |
Grants Awarded
Over the last fiscal year, Henry Ford Health System Foundation has awarded $16,318,616 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: RESEARCH FUNDING TO HENRY FORD HEALTH SYSTEM | $16,318,616 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Henry Ford Health System Foundation has recieved totaling $330,582.
| Awarding Organization | Amount |
|---|---|
Carls Foundation Bloomfield Hills, MI PURPOSE: CAPITAL CONSTRUCTION OF PEDIATRIC HEARING CLINIC | $220,000 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Research / Project Support | $57,182 |
United Jewish Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT HEALTH CARE | $25,500 |
Weyerhaeuser Day Foundation St Paul, MN PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Olson-Kui Ka Foundation Southfield, MI PURPOSE: GENERAL FUND | $300 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Indiana University Health Foundation Inc Indianapolis, IN | $328,480,588 | $51,478,300 |
Promedica Foundation Toledo, OH | $412,976,640 | $33,946,131 |
Michiana Area Electrical Workers Health & Welfare Fund Lansing, MI | $25,252,279 | $21,753,324 |
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |