Sanford Health Foundation

Organization Overview

Sanford Health Foundation is located in Sioux Falls, SD. The organization was established in 1997. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sanford Health 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, Sanford Health Foundation generated $148.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $32.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE PHILANTHROPY TO ADVANCE THE MISSION OF SANFORD HEALTH. 100% OF DONOR DOLLARS FUEL THE WORK OF HEALTH, HEALING AND COMFORT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION INSPIRES AND FACILITATES PHILANTHROPIC INVESTMENT AND BUILDS COMMUNITY ENGAGEMENT AROUND LOCAL HEALTH CARE-RELATED PROGRAMS, SERVICES AND OPERATIONS OF SANFORD HEALTH WHILE ALSO SEEKING REGIONAL, NATIONAL AND INTERNATIONAL SUPPORT FOR RESEARCH AND OTHER HEALTH INITIATIVES. SPECIFICALLY, DONATIONS HELP PROVIDE PATIENT CARE AND FAMILY SUPPORT ($3,194,020), EQUIPMENT AND FACILITY IMPROVEMENT PROJECTS ($1,237,417) AND OTHER INTERNAL PROGRAMS ($76,700).


ADDITIONAL DONATIONS SUPPORT CONTINUING EDUCATION FOR STAFF AND RESEARCH PROGRAMS THAT SUPPORT THE HIGHEST STANDARDS OF PATIENT CARE TODAY AND DRIVE INNOVATION AND DISCOVERY OF THE TREATMENTS AND CURES OF TOMORROW.


DONATIONS HELP SUPPORT THE SANFORD INITIATIVESIN FEBRUARY 2007, THE SANFORD INITIATIVES WERE INTRODUCED AS A UNIQUE AND DEFINING ELEMENT OF SANFORD HEALTH. THESE ACTIVITIES HAVE BEEN DESIGNED TO ENHANCE THE HEALTH CARE CAPABILITIES OF THE ORGANIZATION, TO ESTABLISH A HEALTH RESEARCH CENTER RECOGNIZED FOR TRANSLATIONAL DISCOVERY AND CURES, AND TO HELP BUILD A WORLD-CLASS REPUTATION. OVER THE EARLY COURSE OF IMPLEMENTATION, THESE INITIATIVES HAVE BEEN EXPANDED TO INCLUDE A NUMBER OF NEW PROJECTS AND PROGRAMS. BY INTEGRATING STRATEGIC PARTNERSHIPS, AND WORKING QUICKLY TO ENGAGE FORTUITOUS OPPORTUNITY, THE RAPID MEETING OF MILESTONES IS EXEMPLARY OF SANFORD'S COMMITMENT TO CARE AND DISCOVERY.THE SANFORD WORLD CLINIC INITIATIVE WAS DESIGNED TO MEET THE UNIQUE NEEDS OF THE AREAS WE SERVE. BROADER PRIMARY CARE SERVICES, REGENERATIVE MEDICINE, SPECIALIZED PROCEDURES, WEIGHT LOSS PROGRAMS, AND CLINIC EDUCATION ARE JUST A FEW OF THE SPECIALIZIATIONS DEVELOPED TO SERVE POPULATIONS AROUND THE WORLD.OUTSIDE OF THE NATIONAL FOOTPRINT, SANFORD HAS ESTABLISHED RELATIONSHIPS IN GHANA, CHINA, GERMANY, NEW ZEALAND, SOUTH AFRICA, COSTA RICA, VIETNAM, AND IRELAND.CHILDHOOD NUTRITION AND FITNESS INITIATIVES - SANFORD HEALTH HAS CREATED SANFORD FIT, A HEALTH ACTIVATION PROGRAM DEVELOPED TO EMPOWER CHILDREN AND PARENTS TO MAKE HEALTHY LIFESTYLE CHOICES THAT HELP PREVENT CHILDHOOD OBESITY. SANFORD FIT IS COMPRISED OF A SYSTEM OF RESOURCES AND PROGRAMS INCLUDING SCHOOL PROGRAMS, DAYCARE TRAINING, MOBILE APPS, AND WAS DEVELOPED USING A COMBINATION OF THE LATEST SCIENTIFIC AND BEHAVIORAL RESEARCH DESIGNED TO EDUCATE, MOTIVATE, AND INSPIRE CHILDREN OF ALL AGES TO LIVE A BALANCED, HEALTHY LIFESTYLE.SANFORD INTERNATIONAL BOARD - THIS BOARD HAS BEEN DEVELOPED AS A GROUP OF AMBASSADORS WHO HELP DETERMINE PACE AND AREAS OF GROWTH AND EVALUATE OVERALL PERFORMANCE. THE SANFORD INTERNATIONAL BOARD WILL HELP IDENTIFY AND STEER INITIATIVES THAT SUPPORT SANFORD'S GLOBAL EFFORTS.THE SANFORD PROJECT BEGINNING IN APRIL 2008, SANFORD HEALTH IS SEEKING A CURE FOR TYPE 1 DIABETES. THE SANFORD PROJECT TEAM IS FOCUSED ON THE NATURAL REGENERATION OF INSULIN-PRODUCING BETA CELLS IN THE DIABETIC PANCREAS AND THE BODY'S AUTOIMMUNE RESPONSE IN PATIENTS WITH DIABETES. THE PROJECT TEAM LAUNCHED ITS FIRST CLINICAL TRIAL AND BEGAN ENROLLING PATIENTS IN AUGUST 2010.SANFORD IMAGENETICSBECAUSE OF ONE MAN'S CONTINUED GENEROSITY, SANFORD HEALTH LAUNCHED A REVOLUTIONARY PROGRAM TO IMPROVE HEALTH AND PREVENT DISEASE WITH PERSONALIZED PLANS OF CARE. SANFORD IMAGENETICS IS A COMPREHENSIVE PROGRAM THAT FULLY INTEGRATES GENETICS WITH INTERNAL MEDICINE, CREATING A FIRST-OF ITS-KIND MODEL FOR EXCEPTIONAL, HIGH-QUALITY, AND INNOVATIVE PRIMARY CARE FOR ADULTS.EDITH SANFORD BREAST CENTEREDITH SANFORD BREAST CENTER HAS PIONEERED THE FUTURE OF BREAST CANCER RESEARCH AND CARE. BY PIECING TOGETHER THE ENTIRE GENETIC PUZZLE OF EACH WOMAN, WE ARE DISCOVERING HOW TO REVOLUTIONIZE TREATMENT AND ERADICATE BREAST CANCER. WE ARE MOBILIZING PARTICIPANTS -- MOTHERS, WIVES, SISTERS, AND DAUGHTERS -- TO DONATE THEIR GENETIC INFORMATION AS WE BUILD AN EXTENSIVE BIO BANK THAT WILL UNDERPIN OUR GROUNDBREAKING RESEARCH. AS WE DECODE THIS DEADLY DISEASE, WE WILL KNOW MORE SPECIFICALLY WHAT TREATMENTS WILL WORK FOR EACH PATIENT, HOW TO PREVENT DISEASE ON AN INDIVIDUAL BASIS, AND ULTIMATELY, HOW TO FIND A CURE.


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Board, Officers & Key Employees

Name (title)Compensation
Bill Gassen III
Trustee, President & CEO
$0
Andy North
Trustee, Secretary
$0
Mark Paulson MD
Trustee, Past Chair, Physician
$0
Brent Teiken
Trustee, Chairperson
$0
Neil Gulsvig
Trustee, Treasurer
$0
Don Jacobs
Trustee, Vice Chairperson
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dakota Reit
Investment Management
$300,000
American Portfolios
Investment Management
$816,133
First Premier Bank
Investment Management
$1,064,890
First National Trust & Invstmnt Mgmt Srv
Investment Management
$109,253
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$366,987
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$113,627,707
Noncash contributions included in lines 1a–1f $1,277,470
Total Revenue from Contributions, Gifts, Grants & Similar$113,994,694
Total Program Service Revenue$0
Investment income $34,113,367
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$632,312
Net Income from Fundraising Events -$30,590
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $148,692,334

Grants Awarded

Over the last fiscal year, Sanford Health Foundation has awarded $32,783,754 in support to 6 organizations.

Grant RecipientAmount

SANFORD USD MEDICAL CENTER

Org PageRecipient Profile

Sioux Falls, SD

PURPOSE: SEE FORM 990, PAGE 2, PART III

$32,141,225

Sioux Falls, SD

PURPOSE: SEE FORM 990, PAGE 2, PART III

$243,852

SANFORD HOME HEALTH

Org PageRecipient Profile

Sioux Falls, SD

PURPOSE: SEE FORM 990, PAGE 2, PART III

$189,057

Sioux Falls, SD

PURPOSE: SEE FORM 990, PAGE 2, PART III

$173,671

SANFORD HEALTH NETWORK

Org PageRecipient Profile

Sioux Falls, SD

PURPOSE: SEE FORM 990, PAGE 2, PART III

$22,186

SANFORD WORLD CLINICS

Org PageRecipient Profile

Sioux Falls, SD

PURPOSE: SEE FORM 990, PAGE 2, PART III

$13,763
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Sanford Health Foundation has recieved totaling $100.

Awarding OrganizationAmount
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$45,603,927
Net Contributions$684,701
Ending Balance$46,288,628

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