The Cleveland Clinic Foundation

The Cleveland Clinic Foundation 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 12/2019, Cleveland Clinic Foundation employed 41,815 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.

For the year ending 12/2019, Cleveland Clinic Foundation generated $6.8b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $6.2b during the year ending 12/2019. While expenses have increased by 5.4% per year over the past 5 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 487 individual grants totaling $158,164,284. 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 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

PATIENT CARE, RESEARCH AND EDUCATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE PROGRAM SERVICE STATEMENT IN SCHEDULE O.


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The Cleveland Clinic Foundation Board, Officers & Key Employees

Name (title)Compensation
Mihaljevic MD Tomislav
Director, President & CEO
$3,263,418
Suri MD Rakesh
CEO Ccad
$1,933,075
Kranyak MD Margaret
Retired Physician (part Yr)
$1,926,172
Peacock William
Chief Of Operations
$1,827,678
Glass Steven C
CFO & Treasurer
$1,733,491
Najm MD Hani
Physician
$1,707,134

The Cleveland Clinic Foundation Vendors

Vendor Name (Service)Compensation
Siemens Medical Solutions Inc
Healthcare It & Engineering Services
$23,111,289
Ibm Corp
Information Technology Systems Services
$22,683,542
The Hci Group
Healthcare It Consulting & Tech Solution
$11,790,127
Towne Park Llc
Parking Services
$10,472,068
Cardinal Health
Integrated Healthcare Solutions
$9,518,451
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$5,873,562
Related organizations$983
Government grants $120,856,366
All other contributions, gifts, grants, and similar amounts not included above$136,862,113
Noncash contributions included in lines 1a–1f $11,756,921
Total Revenue from Contributions, Gifts, Grants & Similar$263,593,024
Total Program Service Revenue$6,207,489,737
Investment income $65,932,993
Tax Exempt Bond Proceeds $0
Royalties $33,332,351
Net Rental Income $8,710,341
Net Gain/Loss on Asset Sales $119,878,176
Net Income from Fundraising Events -$1,834,680
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,830,413,008

The Cleveland Clinic Foundation Grants Awarded

Over the last fiscal year, The Cleveland Clinic Foundation has awarded $26,751,071 in support to 64 organizations.

Grant RecipientAmount

THE CLEVELAND CLINIC EDUCATIONAL FOUNDATION

PURPOSE: HEALTHCARE RESEARCH & EDUCATION

$20,549,700

MEDWISH INTERNATIONAL

Org PageRecipient Profile

Cleveland, OH

PURPOSE: HEALTHCARE RESEARCH & EDUCATION

$2,855,681

CITY OF LAKEWOOD

PURPOSE: COMMUNITY SUPPORT

$1,101,500

ATHLETES AND CAUSES INC

Org PageRecipient Profile

Thonotosassa, FL

PURPOSE: HEALTHCARE RESEARCH & EDUCATION

$423,675

FAIRFAX RENAISSANCE DEVELOPMENT CORPORATION

Org PageRecipient Profile

Cleveland, OH

PURPOSE: COMMUNITY SUPPORT

$323,220

THE CLEVELAND FOUNDATION

Org PageRecipient Profile

Cleveland, OH

PURPOSE: COMMUNITY SUPPORT

$250,000
View Grant Profile

The Cleveland Clinic Foundation Grants Recieved

Over the last fiscal year, we have identified 17 grants that The Cleveland Clinic Foundation has recieved totaling $703,607.

Awarding OrganizationAmount
Research To Prevent Blindness Endowment Fund Inc

New York, NY

PURPOSE: UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY

$115,000
Tiaa Charitable Inc

Charlotte, NC

PURPOSE: Annual Suuport

$100,400
National Brain Tumor Society Inc

Newton, MA

PURPOSE: RESEARCH

$100,000
Research To Prevent Blindness Inc

New York, NY

PURPOSE: DISNEY AWARD FOR AMBLYOPIA RESEARCH

$100,000
Petsmart Charities Inc

Phoenix, AZ

PURPOSE: ANIMAL-ASSISTED THERAPY

$75,000
Urology Care Foundation Inc

Linthicum, MD

PURPOSE: RESEARCH SCHOLARSHIP

$60,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$354,560,827
Earnings$40,731,794
Net Contributions$22,718,792
Other Expense$6,697,926
Ending Balance$411,313,487

The Cleveland Clinic Foundation Peer Organizations

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