Forsyth Medical Center Foundation

Organization Overview

Forsyth Medical Center Foundation, operating under the name Novant Health Forsyth Medical Center Foundation, is located in Winston Salem, NC. The organization was established in 1999. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Novant Health Forsyth Medical Center Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Novant Health Forsyth Medical Center 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, Novant Health Forsyth Medical Center Foundation generated $11.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $8.0m during the year ending 12/2021. While expenses have increased by 11.6% 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 2014, Novant Health Forsyth Medical Center Foundation has awarded 62 individual grants totaling $33,516,075. 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

FORSYTH MEDICAL CENTER FOUNDATION FOCUSES ITS EFFORTS ON RAISING COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR MUCH-NEEDED PROGRAMS, IMPROVED FACILITIES, AND STATE-OF-THE-ART TECHNOLOGY FOR NOVANT HEALTH FORSYTH MEDICAL CENTER, NOVANT HEALTH KERNERSVILLE MEDICAL CENTER, AND NOVANT HEALTH CLEMMONS MEDICAL CENTER.


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Board, Officers & Key Employees

Name (title)Compensation
Egan Heather
Chief Development Officer
$148,988
Fuller-Andrews Leesha
Sec
$0
Ely Joseph
Vice Chair
$0
Madden Elizabeth
Treasurer
$0
Marshall Deborah
Chair
$0
Caulkins Dorothy
SVP Foundations
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$39,712
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,605,229
Noncash contributions included in lines 1a–1f $5,407
Total Revenue from Contributions, Gifts, Grants & Similar$2,644,941
Total Program Service Revenue$0
Investment income $1,040,141
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,137,699
Net Income from Fundraising Events $1,273
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,824,054

Grants Awarded

Over the last fiscal year, Forsyth Medical Center Foundation has awarded $6,877,549 in support to 7 organizations.

Grant RecipientAmount

FORSYTH MEMORIAL HOSPITAL INC

Org PageRecipient Profile

Winston Salem, NC

PURPOSE: TO SUPPORT NHFMC, NHCMC, NHKMC, AND FMCI

$5,843,048

FOUNDATION HEALTH SYSTEMS CORP

Org PageRecipient Profile

Winston Salem, NC

PURPOSE: TO SUPPORT TODAY'S WOMAN

$500,001

FORSYTH HEALTHCARE INC

PURPOSE: COMMUNITY OUTREACH

$250,000

COMMUNITY CARE CLINIC OF ROWAN COUNTY INC

Org PageRecipient Profile

Salisbury, NC

PURPOSE: COMMUNITY OUTREACH

$250,000

THE CENTERS FOR EXCEPTIONAL CHILDREN INC

Org PageRecipient Profile

Winstonsalem, NC

PURPOSE: COMMUNITY OUTREACH

$16,230

NOVANT MEDICAL GROUP INC

Org PageRecipient Profile

Winston Salem, NC

PURPOSE: TO SUPPORT NOVANT MEDICAL GROUP, INC.

$11,213
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Forsyth Medical Center Foundation has recieved totaling $455,600.

Awarding OrganizationAmount
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 35 GRANT(S) FOR VARYING PURPOSES

$353,561
Kernsville Foundation Inc

Kernersville, NC

PURPOSE: SUPPORT LOCAL COMMUNITY PROJECTS

$45,000
John Wesley Hanes And Anna Hodgin Hanes Foundation

Las Vegas, NV

PURPOSE: GENERAL SUPPORT

$25,000
Colon Cancer Coalition Foundation

Edina, MN

PURPOSE: SCREENING

$22,000
American Heart Association Inc

Dallas, TX

PURPOSE: COMMUNITY NUTRITION

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$39
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,493,574
Earnings$271,160
Net Contributions$2,081,442
Other Expense$2,454,080
Grants$70,827
Ending Balance$11,321,269

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