Highmark Foundation
- Assets
- $137.1m
- Revenue
- $19.5m
- Investments
- $28.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 25-1876666
Organization Overview
Highmark Foundation is located in Pittsburgh, PA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highmark 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, Highmark Foundation generated $19.5m in total revenue. All expenses for the organization totaled $8.2m during the year ending 12/2021. While expenses have increased by 35.3% per year over the past 4 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.
Since 2020, Highmark Foundation has awarded 183 individual grants totaling $15,405,112. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COVID-19 RELIEF GRANTS TO SAFETY NET PROVIDERS (FQHCS, FREE CLINICS AND COMMUNITY-BASED ORGANIZATIONS) FROM $15,000 TO $50,000.
CHILDREN'S HOSPITAL FOUNDATION OF PITTSBURGH TO SUPPORT THE WHOLE CHILD WELLNESS CLINIC (WCWC)PILOT, A COORDINATED HUB FOR HEALTH CARE, DESIGNED FOR FAMILIES AND THEIR CHILDREN.
CENTER SUSQUEHANNA INTERMEDIATE UNIT TO SUPPORT THE BUILD ON THE IMPLEMENTATION, RESEARCH, PRACTICE AND IMPACT OF BULLYING PREVENTION AND INTERVENTION EFFORTS.
PROJECT DESTINY TO SUPPORT THE THRIVE18 INITIATIVE WHICH WORKS TO MEET CRITICAL SOCIAL SERVICE NEEDS ON THE NORTH SIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Q Dufurrena DDS Director | 1 | $0 | |
Edward A Bittner Jr Secretary | 1 | $0 | |
Cain A Hayes Director (resigned 6/11/21) | 1 | $0 | |
Doris Carson Williams Director/vice Chairperson | 1 | $0 | |
Judith W Sjostedt Director | 1 | $0 | |
Janine K Colinear Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,223,239 |
| Interest on Savings | $0 |
| Dividends & Interest | $348,621 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,166 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,548,694 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,972 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $106,883 |
| Total operating and administrative expenses | $113,855 |
| Contributions, gifts, grants paid | $8,042,178 |
| Total expenses and disbursements | $8,156,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,425,660 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $33,953 |
| Net Pledges Receivable | $0 |
| Grants receivable | $92,095,013 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $137,140,319 |
| Accounts payable and accrued expenses | $7,682 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,682 |
Grants Awarded
Over the last fiscal year, Highmark Foundation has awarded $11,566,678 in support to 99 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: TO PROVIDE LONG-TERM SUSTAINABILITY TO TALI AS IT TRANSITIONS FROM INITIATIVE TO INSTITUTE. | $1,000,000 |
ALLEGHENY HEALTH NETWORK-CARDIAC ELECTROPHYSIOLOGY PURPOSE: TO SUPPORT THE INNOVATION AND RESEARCH FUND IN CARDIAC ELECTROPHYSIOLOGY. | $1,000,000 |
UNITED WAY OF SOUTHWESTERN PENNSYLVANIA PURPOSE: TO SUPPORT HIGHMARK HEALTH'S CORPORATE GIFT. | $700,000 |
ORAL HEALTH AND DENTAL CARE RFP PURPOSE: TO SUPPORT ORGANIZATIONS THAT FOCUS ON ORAL HEALTH AND DENTAL CARE FOR WV CHILDREN, ADULTS AND SENIORS. | $640,000 |
MEHARRY MEDICAL COLLEGE SCHOOL OF DENTISTRY PURPOSE: TO ASSIST MINORITY STUDENTS ADDRESS THEIR EDUCATIONAL NEEDS, WHILE BUILDING A DIVERSE GROUP OF FUTURE DENTAL PROFESSIONALS. | $500,000 |
ALLEGHENY HEALTH NETWORK - FIRST STEPS PITTSBURGH PURPOSE: TO SUPPORT THE IMPLEMENTATION OF THE FIRST STEPS PITTSBURGH AND BEYOND PROGRAM TO ADDRESS INFANT MORTALITY ACROSS AHN'S FOOTPRINT. | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Highmark Foundation has recieved totaling -$23,581.
| Awarding Organization | Amount |
|---|---|
Highmark Foundation Pittsburgh, PA PURPOSE: RETURN OF UNUSED GRANT FUNDS | -$23,581 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |