Presbyterian Hospital Foundation

Organization Overview

Presbyterian Hospital Foundation, operating under the name Novant Health Presbyterian Medical Center Foundation, is located in Winston Salem, NC. The organization was established in 1980. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Novant Health Presbyterian Medical Center Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Novant Health Presbyterian 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 Presbyterian Medical Center Foundation generated $20.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $28.9m during the year ending 12/2021. While expenses have increased by 26.9% 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 Presbyterian Medical Center Foundation has awarded 155 individual grants totaling $57,457,684. 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

THE PRESBYTERIAN HOSPITAL FOUNDATION RECEIVES AND ADMINISTERS CHARITABLE CONTRIBUTIONS AND OTHER FUNDS FOR THE BENEFIT OF THE PRESBYTERIAN HOSPITAL AND THE NON-PROFIT TAX-EXEMPT SUBSIDIARIES OF NOVANT HEALTH SOUTHERN PIEDMONT REGION, LLC. THE FUNDS ASSIST THESE ENTITIES IN PROVIDING MEDICAL CARE AS WELL AS EDUCATIONAL AND RESEARCH ACTIVITIES FOR THE BENEFIT OF THE CHARLOTTE MECKLENBURG NC COMMUNITY AND SURROUNDING AREAS.


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Board, Officers & Key Employees

Name (title)Compensation
Clifford Jennifer
Executive Director
$121,818
Burton Nichole
Philanthropy Manager
$102,152
Trakas Justin
Philanthropy Manager
$101,247
Funderburg Alex
Chair
$0
Greer Charles
Treasurer
$0
Hatcher Kate
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$531,109
Related organizations$3,152
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$9,683,856
Noncash contributions included in lines 1a–1f $736,362
Total Revenue from Contributions, Gifts, Grants & Similar$10,218,117
Total Program Service Revenue$0
Investment income $1,213,578
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,476,047
Net Income from Fundraising Events -$72,528
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,835,214

Grants Awarded

Over the last fiscal year, Presbyterian Hospital Foundation has awarded $26,860,260 in support to 13 organizations.

Grant RecipientAmount

NOVANT HEALTH INC

Org PageRecipient Profile

Winston Salem, NC

PURPOSE: TO SUPPORT NH SYSTEM HOSPITALS

$20,426,070

THE PRESBYTERIAN HOSPITAL

Org PageRecipient Profile

Winston Salem, NC

PURPOSE: TO SUPPORT NH PRESBYTERIAN MEDICAL CENTER

$4,567,955

NOVANT MEDICAL GROUP INC

Org PageRecipient Profile

Winston Salem, NC

PURPOSE: TO SUPPORT NH MEDICAL GROUP

$1,248,303

Charlotte, NC

PURPOSE: COMMUNITY OUTREACH

$145,037

CHARLOTTE COMMUNITY HEALTH CLINIC INC

Org PageRecipient Profile

Charlotte, NC

PURPOSE: COMMUNITY OUTREACH

$125,000

CHARLOTTE CENTER FOR URBAN MINISTRY INC

Org PageRecipient Profile

Charlotte, NC

PURPOSE: COMMUNITY OUTREACH

$125,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Presbyterian Hospital Foundation has recieved totaling $366,723.

Awarding OrganizationAmount
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$170,482
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$47,250
National Breast Cancer Foundation Inc

Frisco, TX

PURPOSE: SCREENING & DIAGNOSTICS

$30,000
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 2 GRANT(S) FOR VARYING PURPOSES

$21,000
Ovarian Cancer Research Fund Inc

New York, NY

PURPOSE: EDUCATION GRANT

$20,000
The North Carolina Adult Soccer Association

Greensboro, NC

PURPOSE: FREE MAMOGRAMS FOR UNDERINSURED WOMEN

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$53,985,843
Earnings$2,499,897
Net Contributions$10,665,283
Other Expense$26,162,472
Grants$106,361
Ending Balance$40,882,190

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