Beacon Health Foundation Inc

Organization Overview

Beacon Health Foundation Inc is located in South Bend, IN. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Health Foundation Inc 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, Beacon Health Foundation Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Beacon Health Foundation Inc has awarded 30 individual grants totaling $19,866,381. 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

WE DELIVER OUTSTANDING CARE, INSPIRE HEALTH AND CONNECT WITH HEART

Describe the Organization's Program Activity:

ON NOVEMBER 23, 2011, BEACON HEALTH SYSTEM, INC. (THE "CORPORATION") WAS ESTABLISHED AS THE PARENT CORPORATION OF MEMORIAL HOSPITAL OF SOUTH BEND, INC. ("MHSB") AND ELKHART GENERAL HOSPITAL, INC. ("EGH") TO DEVELOP A FULL SPECTRUM OF HEALTH-RELATED SERVICES FOR NORTH CENTRAL INDIANA AND SOUTHWESTERN MICHIGAN. THE CORPORATION IS COMMUNITY-OWNED AND NOT-FOR-PROFIT. ALONG WITH ITS SUBSIDIARIES, THE CORPORATION SERVES THE GREATER COMMUNITY THROUGHOUT THE CONTINUUM OF CARE FROM HEALTH PROMOTION AND SICKNESS PREVENTION TO DIAGNOSIS, INPATIENT, OUTPATIENT AND HOME HEALTH SERVICES. THE CORPORATION CONTROLS MHSB, EGH, COMMUNITY HOSPITAL OF BREMEN, BEACON MEDICAL GROUP (BMG), BEACON HEALTH FOUNDATION (BHF) (F/K/A MEMORIAL HEALTH FOUNDATION, INC. (MHF)), AND BEACON HEALTH VENTURES, INC. (BHV), COLLECTIVELY REFERRED TO AS THE "SYSTEM". BEACON HEALTH FOUNDATION, INC., (BHF) IS A TAX-EXEMPT, NON-PRIVATE FOUNDATION. IT WAS ESTABLISHED IN 1982 TO PROVIDE PHILANTHROPIC SUPPORT TO MHSB, AND CONTINUES TO PROVIDE THIS SUPPORT TO THE NEWLY CREATED CORPORATION THROUGH CONTRIBUTIONS AND MANAGEMENT OF ENDOWMENT FUNDS. BEACON HEALTH FOUNDATION'S MISSION IS TO SUPPORT THE WORK OF BEACON HEALTH SYSTEM BY INSPIRING GENEROSITY AND COMMITMENT TO OUR CAUSE. BHF EXISTS TO ALLOW PEOPLE TO GENEROUSLY SUPPORT BEACON IN A WAY THAT CONNECTS THEM WITH THE IMPACT THEY ARE HAVING ON OUR WORK IN THE COMMUNITY. BEACON HEALTH FOUNDATION WORKS TO SUPPORT BEACON HEALTH SYSTEM IN THREE KEY WAYS: . CREATING RELATIONSHIPS . INSPIRING INVESTMENT . STEWARDING RESOURCES CREATING RELATIONSHIPS BEACON HEALTH FOUNDATION (BHF) RAISES FUNDS FOR BEACON HEALTH SYSTEM. OUR JOB IS TO ENSURE THAT CHARITABLE SUPPORT FOR BEACON IS USED TO CREATE THE MOST SIGNIFICANT IMPACT POSSIBLE IN A WAY THAT IS MOST MEANINGFUL TO EACH DONOR. WE BUILD RELATIONSHIPS WITH THOSE WHO WANT TO MAKE A DIFFERENCE AND CONNECT THEM WITH A CAUSE WITHIN OUR SYSTEM THAT INSPIRES THEM. OUR HEALTH SYSTEM IS RELIANT ON THE SUPPORT OF OUR COMMUNITY TO ENSURE THAT WE ARE ALWAYS ABLE TO PROVIDE THE HIGHEST QUALITY SERVICES FOR EVERY PATIENT. INSPIRING INVESTMENT: IN 2021, FUND RAISING AT BEACON HEALTH FOUNDATION FOCUSED UPON THE FOLLOWING AREAS: . CORPORATE FUNDRAISING . GRANT WRITING, FOCUSING ON PRIVATE, CORPORATE, AND FAMILY FOUNDATIONS . ONLINE GIVING . MAJOR GIFT FUNDRAISING . DIRECT MAIL FUNDRAISING FUNDS AVAILABLE AT BHF TO SUPPORT MEMORIAL'S MISSION AS OF DECEMBER 31, 2021: CLINICAL & PATIENT CARE PROGRAMS $ 2,630,744 BEACON CHILDREN'S HOSPITAL $ 3,771,953 SYSTEM PRIORITIES $ 1,334,194 EDUCATION $ 271,585 STEWARDING RESOURCES: IN 2021, FUNDS FROM BEACON HEALTH FOUNDATION WENT TO SUPPORT THE FOLLOWING AREAS AT BEACON: COMMUNITY IMPACT $ 212,838 PATIENT CARE PROGRAMS $ 43,954 CLINICAL INNOVATION $ 20,000 CARDIOVASCULAR SERVICES $ 28,816 PHYSICIAN PHILANTHROPY COUNCIL $ 48,276 CONTINUING EDUCATION $ 46,741 SCHOLARSHIPS $ 71,321 SUPPORT SERVICES $ 92,220 SYSTEM PRIORITIES $ 359,692 CHILDREN'S HOSPITAL CAPITAL $ 156,256 CHILDREN'S SERVICES $ 166,941 CHILDREN'S SUPPORT SERVICES $ 106,510 WOMEN'S SERVICES $ 49,172 EVENTS $ 68,816 ELKHART GENERAL HOSPITAL LEGACY FUND $ 36,019 EDUCATION ENDOWMENTS SPENDABLE $ 29,078 TOTAL 2021 DISTRIBUTIONS $ 1,536,648


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Board, Officers & Key Employees

Name (title)Compensation
Kurtis A Janowsky
Treasurer
$0
Diane Krill
Chair
$0
Brad Beutter
Vice Chair
$0
Kreg Gruber
CEO
$0
Jeffrey P Costello
CFO
$0
Susan King
Foundation President
$0

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$3,216,861
Noncash contributions included in lines 1a–1f $1,099,476
Total Revenue from Contributions, Gifts, Grants & Similar$3,216,861
Total Program Service Revenue$0
Investment income $503,669
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,751,774
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,472,307

Grants Awarded

Over the last fiscal year, Beacon Health Foundation Inc has awarded $1,413,581 in support to 4 organizations.

Grant RecipientAmount

MEMORIAL HOSPITAL OF SOUTH BEND INC

Org PageRecipient Profile

South Bend, IN

PURPOSE: To support hospital operations and capital purchases

$715,945

BEACON HEALTH SYSTEM INC

Org PageRecipient Profile

South Bend, IN

PURPOSE: To support scholarships and health system

$349,446

ELKHART GENERAL HOSPITAL

Org PageRecipient Profile

Elkhart, IN

PURPOSE: To support home care operations and capital purchases

$244,545

BEACON MEDICAL GROUP INC

Org PageRecipient Profile

South Bend, IN

PURPOSE: To support BMG operations and capital purchases

$103,645
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Beacon Health Foundation Inc has recieved totaling $8,142.

Awarding OrganizationAmount
$4,892
$2,500
Shive-Hattery Group Charitable Contribution Fund Inc

Cedar Rapids, IA

PURPOSE: GENERAL OPERATING BUDGET

$750
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$37,554,313
Earnings$3,841,751
Net Contributions$3,126,708
Grants$1,536,648
Ending Balance$42,986,124

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