Agrace Hospicecare Foundation Incorporated

Organization Overview

Agrace Hospicecare Foundation Incorporated is located in Fitchburg, WI. The organization was established in 2014. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Agrace Hospicecare Foundation Incorporated employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agrace Hospicecare Foundation Incorporated 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, Agrace Hospicecare Foundation Incorporated generated $22.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE AGRACE HOSPICECARE FOUNDATION, INC.'S MISSION IS TO DEVELOP, STEWARD AND DISTRIBUTE CHARITABLE GIFTS FROM THE COMMUNITY (CONTINUED ON SCHEDULE O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESPITE CARE: PROVIDING END-OF-LIFE CARE FOR A FAMILY MEMBER OR FRIEND CAN LEAVE CAREGIVERS FATIGUED AND STRESSED. TO GIVE THEM A BREAK OF UP TO FIVE DAYS, AGRACE OFFERS RESPITE CARE FOR HOSPICE PATIENTS. COMMUNITY GIFTS SUPPLEMENT INSURANCE REIMBURSEMENTS, WHICH COVER LESS THAN 50 PERCENT OF THE TOTAL COST OF RESPITE CARE. WISH PROGRAM: THE WISH PROGRAM HELPS OUR HOSPICE PATIENTS ACHIEVE THEIR END-OF-LIFE GOALS. A WISH CAN BE SOMETHING A PATIENT COULD NOT ATTAIN DURING THEIR LIFE, SOMETHING THEY CANNOT AFFORD OR SIMPLY A FINAL DESIRE. AGRACE HAS GRANTED MORE THAN 165 PATIENT WISHES SINCE 2010. CLINICAL EDUCATION & TRAINING: IT TAKES A SPECIAL COMMITMENT TO WORK WITH PATIENTS WHO ARE SERIOUSLY ILL OR DYING. COMMUNITY DONATIONS ALLOW AGRACE TO FUND STAFF EDUCATIONAL OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT PROGRAMS, WHICH INCREASE STAFF COMPETENCE AND RETENTION. COMMUNITY DONATIONS ALSO PROVIDE SUPPORT FOR EDUCATION AND SCHOLARSHIPS FOR OUR CNA'S IN ORDER FOR THEM TO ADVANCE IN THEIR CURRENT ROLE OR COMPLETE EDUCATION TO BECOME AN LPN OR RN. VOLUNTEER TRAINING & APPRECIATION: AGRACE'S VOLUNTEERS SERVE IN A VARIETY OF ROLES, INCLUDING DIRECT SERVICE TO PATIENTS AND FAMILIES. PALLIATIVE MEDICINE FELLOWSHIP: AGRACE IS COMMITTED TO DEVELOPING TOP-NOTCH PALLIATIVE CARE PROVIDERS IN OUR COMMUNITY. COMMUNITY GIFTS SUPPORT THE HOSPICE AND PALLIATIVE MEDICINE FELLOWSHIP, A PARTNERSHIP WITH THE UW AND VETERANS HOSPITALS; THIS PROGRAM OFFERS PALLIATIVE-CARE ROTATIONS AND CONTINUING EDUCATION OPPORTUNITIES FOR PHYSICIANS IN TRAINING. PATIENT ASSISTANCE FUND: GRANTS USED TO ASSIST PATIENTS AND FAMILIES BY IMPROVING QUALITY OF LIFE AND FULFILLING END-OFLIFE GOALS. EXAMPLES INCLUDE BUYING A BURIAL DRESS OR PROVIDING A BIRTHDAY CAKE. DIVERSITY: FUNDS ARE USED TO SUPPORT AGRACE'S DIVERSITY PROGRAM WHICH FOCUSES ON DIVERSITY AND INCLUSION FOR ALL. THE WORK OF THIS PROGRAM HELPS AGRACE TO GROW A MORE DIVERSE PATIENT POPULATION, VOLUNTEER SUPPORT TEAM AND EMPLOYEE BASE. START-UP COSTS: SUPPORT FOR AGRACE TO START-UP NEW PROGRAMS TO SERVE THE COMMUNITY. IN 2021, AGRACE HOSPICECARE FOUNDATION PROVIDED SUPPORT FOR AGRACE TO START-UP THE AGRACE ADULT DAY CENTER.


CARE FOR ALL (CHARITY CARE): EACH YEAR, DOZENS OF OUR NEIGHBORS WHO CANNOT AFFORD HOSPICE OR PALLIATIVE CARE RECEIVE SERVICES AT NO COST THROUGH AGRACE'S "CARE FOR ALL" PROGRAM, FUNDED BY THE CARE FOR ALL ENDOWMENT. THOSE WE SERVE INCLUDE SOME OF OUR MOST VULNERABLE COMMUNITY MEMBERS-CHILDREN AND YOUNG ADULTS WITH NO INSURANCE, SENIORS WITHOUT CAREGIVERS, INDIVIDUALS LACKING SAFE HOUSING, AND THOSE WITH SPECIAL NEEDS. WHILE MEDICARE, MEDICAID, AND PRIVATE HEALTH INSURANCE COVER THE COST OF BASIC HOSPICE SERVICES FOR MOST PATIENTS, AN INCREASING NUMBER OF PEOPLE IN SOUTHERN WISCONSIN DO NOT HAVE ENOUGH INSURANCE COVERAGE FOR HOSPICE WHEN THEY NEED IT. SINCE 2015, AGRACE'S CARE FOR ALL PROGRAM HAS FUNDED CARE FOR 440 PATIENTS, 58 OF THEM WERE SERVED IN 2021 ALONE.


COMMUNITY GRIEF SERVICES: EVERY YEAR, THOUSANDS OF PEOPLE, INCLUDING CHILDREN GET SUPPORT FROM AGRACE'S SPIRITUAL & GRIEF SERVICES TO HELP THEM COPE WITH THE DEATH OF A LOVED ONE. ALTHOUGH GRIEF SUPPORT IS REQUIRED BY STATE AND FEDERAL REGULATIONS, IT IS NOT COVERED BY MEDICARE, MEDICAID, OR PRIVATE INSURANCE. COMMUNITY DONATIONS ENABLE US TO OFFER SPECIALIZED GRIEF SUPPORT THAT IS OPEN TO EVERYONE. THE FOUNDATION ALSO SUPPORTS AGRACE'S FREE-STANDING GRIEF SUPPORT CENTER THAT HAS ALLOWED US TO EXPAND OUR PROGRAM AND SERVE MANY MORE PEOPLE.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$326,855
Related organizations$6,800,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,344,643
Noncash contributions included in lines 1a–1f $1,991,302
Total Revenue from Contributions, Gifts, Grants & Similar$14,471,498
Total Program Service Revenue$0
Investment income $2,886,087
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,375,280
Net Income from Fundraising Events $15,824
Net Income from Gaming Activities $2,810
Net Income from Sales of Inventory $1,796,434
Miscellaneous Revenue$0
Total Revenue $22,547,933

Grants Awarded

Over the last fiscal year, Agrace Hospicecare Foundation Incorporated has awarded $2,556,199 in support to 2 organizations.

Grant RecipientAmount

AGRACE HOSPICECARE INC

Org PageRecipient Profile

Fitchburg, WI

PURPOSE: To provide financial support to Agrace Hospicecare, Inc.

$2,264,907

AGRACE HOSPICECARE HOLDINGS INC

Org PageRecipient Profile

Fitchburg, WI

PURPOSE: To provide capital contribution towards Agrace Hospicecare, Inc. project.

$291,292
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Agrace Hospicecare Foundation Incorporated has recieved totaling $306,743.

Awarding OrganizationAmount
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$100,000
Raymond James Charitable Endowment Fund

St Petersberg, FL

PURPOSE: GENERAL SUPPORT

$50,530
J P C Foundation

Janesville, WI

PURPOSE: COMMUNITY SUPPORT (3, 4 OF 5)

$40,000
Donald W & Margaret M Anderson Foundation

Long Lake, MN

PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION

$35,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$26,775
J P C Foundation

Janesville, WI

PURPOSE: COMMUNITY SUPPORT (5 OF 5)

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,178,243
Earnings$786,307
Admin Expense$126,297
Net Contributions$40,857
Ending Balance$16,879,110

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