Beacon Health Foundation Inc
- Assets
- $43.2m
- Revenue
- $6.5m
- Investments
- $12.3m
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 35-1536129
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.
Form
990T
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) | Role | Hours | Compensation |
|---|---|---|---|
Diane Krill Chair | OfficerTrustee | 2 | $0 |
Kurtis A Janowsky Treasurer | OfficerTrustee | 2 | $0 |
Brad Beutter Vice Chair | OfficerTrustee | 2 | $0 |
Kreg Gruber CEO | Officer | 2 | $0 |
Jeffrey P Costello CFO | Officer | 2 | $0 |
Susan King Foundation President | Officer | 40 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,413,581 |
| Grants and other assistance to domestic individuals. | $90,153 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $611,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $193,557 |
| Payroll taxes | $42,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,373 |
| Advertising and promotion | $0 |
| Office expenses | $4,148 |
| Information technology | $912 |
| Royalties | $0 |
| Occupancy | $17,628 |
| Travel | $5,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,928 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,123 |
| Insurance | $8,426 |
| All other expenses | $153,332 |
| Total functional expenses | $2,917,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,105,580 |
| Pledges and grants receivable | $206,514 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $52,668 |
| Investments—publicly traded securities | $24,502,704 |
| Investments—other securities | $12,308,598 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,146 |
| Total assets | $43,188,210 |
| Accounts payable and accrued expenses | $34,072 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,072 |
| Net assets without donor restrictions | $33,759,219 |
| Net assets with donor restrictions | $9,394,919 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $43,188,210 |
Grants Awarded
Over the last fiscal year, Beacon Health Foundation Inc has awarded $1,413,581 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
South Bend, IN PURPOSE: To support hospital operations and capital purchases | $715,945 |
South Bend, IN PURPOSE: To support scholarships and health system | $349,446 |
Elkhart, IN PURPOSE: To support home care operations and capital purchases | $244,545 |
South Bend, IN PURPOSE: To support BMG operations and capital purchases | $103,645 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Beacon Health Foundation Inc has recieved totaling $8,142.
| Awarding Organization | Amount |
|---|---|
Mary And George Herbert Zimmerman Foundation Troy, MI PURPOSE: CHARITABLE | $4,892 |
Midwest Cardiovascular Research And Education Foundation Elkhart, IN PURPOSE: GENERAL PURPOSES | $2,500 |
Shive-Hattery Group Charitable Contribution Fund Inc Cedar Rapids, IA PURPOSE: GENERAL OPERATING BUDGET | $750 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Hoosier Cancer Research Network Inc Indianapolis, IN | $13,291,653 | $12,660,733 |
Stagehands Union Local No 2 Health And Welfare Fund Oak Brook, IL | $8,693,853 | $9,920,428 |
Boniface Foundation St Louis, MO | $337,979,299 | $24,215,737 |