The Cleveland Clinic Foundation

Organization Overview

The Cleveland Clinic Foundation is located in Independence, OH. The organization was established in 1928. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Cleveland Clinic Foundation employed 44,993 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Cleveland Clinic 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, Cleveland Clinic Foundation generated $8.1b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $6.9b during the year ending 12/2021. While expenses have increased by 5.2% 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.

Since 2014, Cleveland Clinic Foundation has awarded 599 individual grants totaling $217,947,102. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CARING FOR LIFE, RESEARCHING FOR HEALTH AND EDUCATING THOSE WHO SERVE.

Describe the Organization's Program Activity:

SEE PROGRAM SERVICE STATEMENT IN SCHEDULE O.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Siemens Medical Solutions Inc
Healthcare It & Engineering Services
$22,108,461
Ibm Corp
Information Technology Systems Services
$17,897,586
Adcom Group Inc
Advertising Services
$16,601,710
The Hci Group
Healthcare It Consulting & Tech Solution
$15,413,478
Epic Systems Corp
Healthcare It Consulting & Software Solu
$14,767,694
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$5,145,285
Related organizations$0
Government grants $239,868,463
All other contributions, gifts, grants, and similar amounts not included above$199,435,089
Noncash contributions included in lines 1a–1f $15,278,623
Total Revenue from Contributions, Gifts, Grants & Similar$444,448,837
Total Program Service Revenue$6,845,081,523
Investment income $103,348,765
Tax Exempt Bond Proceeds $0
Royalties $26,943,826
Net Rental Income $6,783,846
Net Gain/Loss on Asset Sales $107,264,792
Net Income from Fundraising Events -$1,332,019
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,056,049,799

Grants Awarded

Over the last fiscal year, The Cleveland Clinic Foundation has awarded $33,632,457 in support to 75 organizations.

Grant RecipientAmount

THE CLEVELAND CLINIC EDUCATIONAL FOUNDATION

Org PageRecipient Profile

Independence, OH

PURPOSE: HEALTHCARE RESEARCH & EDUCATION

$21,971,306

THE LAKEWOOD FOUNDATION

Org PageRecipient Profile

Lakewood, OH

PURPOSE: COMMUNITY SUPPORT

$4,100,000

MEDWISH INTERNATIONAL

Org PageRecipient Profile

Cleveland, OH

PURPOSE: HEALTHCARE RESEARCH & EDUCATION

$3,276,351

AMERICAN CANCER SOCIETY

Org PageRecipient Profile

Kennesaw, GA

PURPOSE: HEALTHCARE RESEARCH & EDUCATION

$529,500

FAIRFAX RENAISSANCE DEVELOPMENT CORPORATION

Org PageRecipient Profile

Cleveland, OH

PURPOSE: COMMUNITY SUPPORT

$526,603

THE CLEVELAND CLINIC FOUNDATION

Org PageRecipient Profile

Independence, OH

PURPOSE: COMMUNITY SUPPORT

$500,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that The Cleveland Clinic Foundation has recieved totaling $33,000.

Awarding OrganizationAmount
The Iv Fund

Folsom, CA

PURPOSE: PEDIATRIC ART AND MUSIC THERAPY PROGRAMS

$18,000
The Robert L James And Anne K James Foundation

Albany, NY

PURPOSE: GENERAL CHARITABLE PURPOSES

$10,000
Cure For Ibd

Basking Ridge, NJ

PURPOSE: RESEARCH

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$472,718,962
Earnings$64,802,033
Net Contributions$20,423,929
Other Expense$8,188,369
Ending Balance$549,756,555

Peer Organizations

Create an account to unlock the data you need.

or