Memorial Foundation Inc

Organization Overview

Memorial Foundation Inc is located in Hendersonville, TN. The organization was established in 1983. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Memorial Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial 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, Memorial Foundation Inc generated $26.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $8.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Memorial Foundation Inc has awarded 1,657 individual grants totaling $55,357,131. 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 990PF Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

IMPROVE THE QUALITY OF LIFE FOR PEOPLE THROUGH SUPPORT OF NONPROFIT ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING GRANTS TO OTHER 501(C)(3) ORGANIZATIONS.


PROVIDING GRANTS TO OTHER 501(C)(3) ORGANIZATIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dcw Construction Co Inc
Construction
$160,153
Dyer Construction
Construction
$158,683
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $857,379
Interest on Savings $137,779
Dividends & Interest $4,909,201
Net Rental Income-$129,695
Net Gain on Sale of Assets $20,481,376
Capital Gain Net Income $20,481,376
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$6,494
Total Revenue $26,657,914

Grants Awarded

Over the last fiscal year, Memorial Foundation Inc has awarded $5,723,060 in support to 193 organizations.

Grant RecipientAmount

FIFTYFORWARD

PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY

$215,000

SOUTHWEST TENNESSEE DEVELOPMENT DISTRICT

PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY

$208,110

OPERATION STAND DOWN TENNESSEE

Org PageRecipient Profile

Nashville, TN

PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY

$100,000

Nashville, TN

PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY

$100,000

SECOND HARVEST FOOD BANK OF MIDDLE TENNESSEE

Org PageRecipient Profile

Nashville, TN

PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY

$100,000

Nashville, TN

PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Memorial Foundation Inc has recieved totaling $1,002,732.

Awarding OrganizationAmount
Seniortrust Of Florida Inc

Nashville, TN

PURPOSE: THE FOCUS OF THIS DISTRIBUTION WAS TO FURTHER THE CHARITABLE PURPOSES OF ORGANIZATION

$857,434
United Way Of Broward County

Fort Lauderdale, FL

PURPOSE: General Support

$120,298
The Weil Foundation

Tucson, AZ

PURPOSE: EDUCATION

$25,000
View Grant Recipient Profile

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