Saddleback Memorial Foundation

Organization Overview

Saddleback Memorial Foundation, operating under the name MemorialCare Saddleback Medical Center Foundation, is located in Laguna Hills, CA. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, MemorialCare Saddleback Medical Center Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. MemorialCare Saddleback Medical Center 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 06/2021, MemorialCare Saddleback Medical Center Foundation generated $12.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.4m during the year ending 06/2021. 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

TO DEVELOP THE PHILANTHROPIC RESOURCES NECESSARY TO STRENGTHEN THE ABILITY OF SADDLEBACK MEMORIAL MEDICAL CENTER TO ENHANCE THE HEALTH AND WELL-BEING OF INDIVIDUALS, FAMILIES, AND OUR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED GRANTS FOR SADDLEBACK MEMORIAL MEDICAL CENTER CAPITAL ITEMS (SEE SCHEDULE I).


PROVIDED GRANT FOR SADDLEBACK MEMORIAL MEDICAL CENTER'S HOSPICE PROGRAM (SEE SCHEDULE I).


PROVIDED GRANT FOR SADDLEBACK MEMORIAL MEDICAL CENTER'S EMERGENCY RESPONSE (DUE TO COVID-19) (SEE SCHEDULE I).


OTHER PROGRAM SERVICES CONSIST OF GRANTS TO SADDLEBACK MEMORIAL MEDICAL CENTER FOR THE FOLLOWING AMOUNTS AND RELATED PROGRAMS: MEMORIALCARE SENIOR PLUS PROGRAM, A SENIOR ADVOCACY SERVICE, FOR $35,000LDRP DINING CHAIRS REPLACEMENT $24,835SCHOLARSHIP PROGRAM $22,200LDRP POSTPARTUM SUPPORT GROUP $10,400INFANT SAFETY CPR CLASSES $10,000NURSING EDUCATION AND CERTIFICATION $5,210CHILD ABUSE PREVENTION PROGRAM $2,500WOMEN'S HOSPITAL BEREAVEMENT PROGRAM $1,500NURSES WEEK SUPPORT $1,000AGE-FRIENDLY SERVICES PROGRAM $1,000WOMEN'S HOSPITAL NICU DIARIES $1,000


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Board, Officers & Key Employees

Name (title)Compensation
Christy Ward
President (from 5/31/21)
$0
Cathy Han MD
Board Chair
$0
Cecilia Belew
President (thru 2/2/21)
$0
Stephen B Gedit
Board Vice Chair
$0
Glen Yasui
Board Treasurer
$0
Heidi Stoops
Board Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Russell Investments
Investment Advisory
$147,199
Beacon Pointe Advisors
Investment Advisory
$103,461
View All Vendors

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$3,362,145
Noncash contributions included in lines 1a–1f $250,608
Total Revenue from Contributions, Gifts, Grants & Similar$3,362,145
Total Program Service Revenue$0
Investment income $2,202,236
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,694,401
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,310,516

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Saddleback Memorial Foundation has recieved totaling $1,261,015.

Awarding OrganizationAmount
Henry L Guenther Foundation

Seal Beach, CA

PURPOSE: TO UPDATE THREE CATH LABS.

$600,000
Henry L Guenther Foundation

Seal Beach, CA

PURPOSE: TO UPDATE THREE CATH LABS.

$600,000
Kramer Fam Foundation

Detroit, MI

PURPOSE: UNRESTRICTED GRANT

$30,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$10,750
The Al And Mary Ann Schoellerman Foundation

Los Angeles, CA

PURPOSE: UNRESTRICTED

$10,000
$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$67,329,242
Earnings$14,579,510
Admin Expense$147,796
Net Contributions$13,733
Grants$1,638,278
Ending Balance$80,136,411

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