Indiana University Health Foundation Inc
- Assets
- $328.5m
- Revenue
- $51.5m
- Investments
- $83.3m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/1964
- Data as of
- 12/2021
- EIN
- 35-6043086
Organization Overview
Indiana University Health Foundation Inc is located in Indianapolis, IN. The organization was established in 1964. 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. Indiana University 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, Indiana University Health Foundation Inc generated $51.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $23.1m during the year ending 12/2021. While expenses have increased by 4.8% 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 2019, Indiana University Health Foundation Inc has awarded 36 individual grants totaling $44,908,757. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INDIANA UNIVERSITY HEALTH FOUNDATION LEVERAGES THE POWER OF PHILANTHROPY TO SUPPORT THE IU HEALTH GOAL OF MAKING INDIANA ONE OF THE HEALTHIEST STATES IN THE NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A SUPPORTING ORGANIZATION FOR IU HEALTH INC. AND ITS AFFILIATED ORGANIZATIONS, THE INDIANA UNIVERSITY HEALTH FOUNDATION, INC. PROVIDED OVER $22 MILLION IN FUNDING TO IU HEALTH INC. AND ITS AFFILIATED ORGANIZATIONS FOR IMPORTANT COMMUNITY HEALTH INITIATIVES DURING 2021.
INDIANA UNIVERSITY HEALTH FOUNDATION SUPPORTS INDIANA UNIVERSITY HEALTH AND THE MEDICAL EDUCATION THAT FUNDS PHYSICIAN FELLOWSHIPS, PROFESSIONAL DEVELOPMENT AND OTHER TYPES OF MEDICAL EDUCATION. THIS ALLOWS EXPERIENCED SPECIALISTS AND LESS TENURED PHYSICIANS TO WORK TOGETHER WHILE PROVIDING OPPORTUNITIES FOR RESEARCH, RECRUITMENT, MULTI-SPECIALTY COLLABORATION AND NATIONAL EXPOSURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director, Development Operations | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Indiana University Physician Services And Research | 12/30/16 | $495,251 |
C Squared Consulting Event Planning | 12/30/16 | $138,244 |
Business Media Group Event Production | 12/30/16 | $115,923 |
Fairbanks Center For Medical Ethics Counseling And Professional Services | 12/30/16 | $289,715 |
Iu School Of Medicine Clinical Research | 12/30/16 | $113,680 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $574,365 |
| Related organizations | $6,225,010 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,842,422 |
| Noncash contributions included in lines 1a–1f | $103,607 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,641,797 |
| Total Program Service Revenue | $1,711,507 |
| Investment income | $5,409,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,513,321 |
| Net Income from Fundraising Events | $153,982 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,478,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,655,506 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $276,019 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $23,106,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,202,909 |
| Pledges and grants receivable | $7,187,403 |
| Accounts receivable, net | $1,045,335 |
| 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 | $0 |
| Investments—publicly traded securities | $191,024,007 |
| Investments—other securities | $83,260,613 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,760,321 |
| Total assets | $328,480,588 |
| Accounts payable and accrued expenses | $9,912,891 |
| Grants payable | $0 |
| Deferred revenue | $4,450,744 |
| 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 | $5,972,683 |
| Total liabilities | $20,336,318 |
| Net assets without donor restrictions | $181,350,916 |
| Net assets with donor restrictions | $126,793,354 |
| 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 | $328,480,588 |
Grants Awarded
Over the last fiscal year, Indiana University Health Foundation Inc has awarded $19,791,088 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: Hospital Programs Support | $8,413,646 |
Indianapolis, IN PURPOSE: Hospital Programs Support | $8,156,603 |
Indianapolis, IN PURPOSE: Hospital Programs Support | $1,078,123 |
Indianapolis, IN PURPOSE: Hospital Programs Support | $577,265 |
Indianapolis, IN PURPOSE: Hospital Programs Support | $503,266 |
Indianapolis, IN PURPOSE: General support | $297,022 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Indiana University Health Foundation Inc has recieved totaling $4,100.
| Awarding Organization | Amount |
|---|---|
Van Riper-Woodard Family Foundation Inc Carmel, IN PURPOSE: UNRESTRICTED DONATION | $3,600 |
Bussing-Koch Foundation Inc Evansville, IN PURPOSE: GENERAL OPERATING EXPENSE | $500 |
Endowment Analysis
| Beg. Balance | $68,282,432 |
| Earnings | $6,237,899 |
| Net Contributions | $5,032,007 |
| Other Expense | $2,122,285 |
| Ending Balance | $77,430,053 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |
Midwest Medical Center Galena, IL | $42,348,172 | $34,873,960 |
Evergy Inc Kansas City, MO | $52,468,726 | $27,820,976 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Indiana University Health Foundation Inc Indianapolis, IN | $328,480,588 | $51,478,300 |
Baker & Mckenzie Medical Veba Tr Ua 061793 Chicago, IL | $1,238,348 | $20,940,528 |
Childrens Hospital Of Chicago Faculty Practice Plan Inc Chicago, IL | $22,288,566 | $28,193,203 |
Community General Hospital Employee Benefit Trust Sterling, IL | $99,515 | $21,314,742 |
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |