Froedtert Hospital Foundation Inc

Organization Overview

Froedtert Hospital Foundation Inc is located in Milwaukee, WI. The organization was established in 1991. 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. Froedtert Hospital 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 06/2021, Froedtert Hospital Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. 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

DEVELOP AND GROW PHILANTHROPIC RESOURCES TO OPTIMIZE THE INITIATIVES OF FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC. (FMLH) TO IMPROVE PATIENT OUTCOMES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FROEDTERT HOSPITAL FOUNDATION, INC. RAISES REVENUE TO SUPPORT VARIOUS HEALTH CARE RELATED SERVICES AND ACTIVITIES OF FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC., SUCH AS HOSPITAL OPERATIONS, RESEARCH AND EDUCATION.


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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$1,477,890
Noncash contributions included in lines 1a–1f $268,291
Total Revenue from Contributions, Gifts, Grants & Similar$1,477,890
Total Program Service Revenue$0
Investment income $501,382
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $435,778
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,415,050

Grants Awarded

Over the last fiscal year, Froedtert Hospital Foundation Inc has awarded $1,176,212 in support to 2 organizations.

Grant RecipientAmount

FROEDTERT MEMORIAL LUTHERAN HOSPITAL

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: Support research and education

$1,162,462

INCEPTION HEALTH LLC

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$13,750
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Froedtert Hospital Foundation Inc has recieved totaling $10,750.

Awarding OrganizationAmount
Debbink Family Foundation Inc

Oconomowoc, WI

PURPOSE: ANNUAL GIVING

$10,000
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$500
$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,468,124
Earnings$1,501,046
Admin Expense-$5,043
Net Contributions$145,619
Other Expense$98,838
Grants$155,673
Ending Balance$13,865,321

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