Cardinal Health Foundation
- Assets
- $40.4m
- Revenue
- $2.7m
- Investments
- $39.8m
- Employees
- 0
- Location
- Dublin, OH
- Founding
- 02/2001
- Data as of
- 06/2022
- EIN
- 31-1746458
Organization Overview
Cardinal Health Foundation is located in Dublin, OH. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cardinal Health 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 06/2022, Cardinal Health Foundation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Cardinal Health Foundation has awarded 451 individual grants totaling $8,786,818. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Holcomb Board Member | 1 | $0 | |
Jerome Revish Board Member | 1 | $0 | |
Steve Mason Board Member | 1 | $0 | |
Travis Leonard Treasurer | 1 | $0 | |
Victor Crawford Vice Chair | 1 | $0 | |
Andrew Alderman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,102,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,610,928 |
| Capital Gain Net Income | $1,610,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,713,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,864 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $213,497 |
| Total operating and administrative expenses | $373,289 |
| Contributions, gifts, grants paid | $3,641,234 |
| Total expenses and disbursements | $4,014,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $629,579 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $39,764,750 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,394,329 |
| Accounts payable and accrued expenses | $29,311 |
| 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 | $29,311 |
Grants Awarded
Over the last fiscal year, Cardinal Health Foundation has awarded $3,641,234 in support to 238 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: BEHAVIORAL HEALTH | $349,824 |
Columbus, OH PURPOSE: BEHAVIORAL HEALTH | $312,500 |
INTERNATIONAL SCHOLARSHIP AND TUITION SERVICES INC PURPOSE: SCHOLARSHIPS | $200,000 |
Columbus, OH PURPOSE: SDOH | $150,000 |
Columbus, OH PURPOSE: SDOH | $140,000 |
OHIO STATE UNIVERSITY FOUNDATION - GENERATIONRX PURPOSE: GENERATION RX NATIONAL PARTNERSHIPS / OTHER | $95,336 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |