Memorial Hermann Foundation

Memorial Hermann Foundation Overview

Memorial Hermann Foundation is located in Houston, TX. The organization was established in 1971. 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.

For the year ending 06/2020, Memorial Hermann Foundation generated $33.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $30.1m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FUNDRAISING SUPPORT AND PROMOTIONAL EFFORTS TO MEMORIAL HERMANN HEALTH SYSTEM AND ITS TAX EXEMPT AFFILIATES AND THE PROGRAMS AND FUNCTIONS THAT THEY CONDUCT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISBURSEMENTS TO AND ON BEHALF OF MEMORIAL HERMANN HEALTH SYSTEM AND ITS AFFILIATES FOR THE FUNDING OF THE PURCHASE OF PATIENT-CARE RELATED EQUIPMENT, FURNISHINGS, AND SUPPLIES AND TO FUND MEDICAL PROGRAMS FOR THE BENEFIT OF VARIOUS OPERATING DEPARTMENTS THROUGHOUT THE HOSPITAL LOCATIONS.


DISBURSEMENTS FOR THE BENEFIT OF PATIENTS, EMPLOYEES, AND RETIRED EMPLOYEES OF MEMORIAL HERMANN HEALTH SYSTEM AND ITS AFFILIATES WHO DEMONSTRATED A NEED FOR FINANCIAL ASSISTANCE BECAUSE OF AN EXISTING OR CONTINUING HARDSHIP INCLUDING THAT OF A FEDERALLY DECLARED DISASTER AREA.


DISBURSEMENTS TO AND ON BEHALF OF MEMORIAL HERMANN HEALTH SYSTEM AND ITS AFFILIATES TO FUND PUBLIC, PHYSICIANS, AND EMPLOYEE TRAINING PROGRAMS, HEALTH AWARENESS, CONTINUING EDUCATION, MEDICAL SEMINARS, PHYSICIAN GRADUATE MEDICAL EDUCATION PROGRAMS, AND OTHER MEDICAL COURSES OF STUDY.


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Memorial Hermann Foundation Vendors

Vendor Name (Service)Compensation
Ward Ames Entertainment
Event Management
$308,705
Sterling Associates
Philanthropy Consltg
$388,782
Pennebaker Inc
Marketing Services
$221,286
Accordant Philanthropy Llc
Philantrhopy Consltg
$137,076
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$3,907,055
Related organizations$6,640,184
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$19,331,222
Noncash contributions included in lines 1a–1f $116,740
Total Revenue from Contributions, Gifts, Grants & Similar$29,878,461
Total Program Service Revenue$0
Investment income $3,681,313
Tax Exempt Bond Proceeds $0
Royalties $169,466
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $33,729,240

Memorial Hermann Foundation Grants Awarded

Over the last fiscal year, Memorial Hermann Foundation has awarded $6,288,462 in support to 2 organizations.

Grant RecipientAmount

MEMORIAL HERMANN HEALTH SYSTEM AND AFFILIATES

Org PageRecipient Profile

Houston, TX

PURPOSE: Disbursement to and on behalf of the Hospital in support of its tax exempt purposes for equipment, furnishings, supplies and other financial assistance.

$6,278,462

Houston, TX

PURPOSE: general fundraising

$10,000
View Grant Profile

Memorial Hermann Foundation Grants Recieved

Over the last fiscal year, we have identified 12 grants that Memorial Hermann Foundation has recieved totaling $1,566,004.

Awarding OrganizationAmount
George Foundation

Richmond, TX

PURPOSE: IN SUPPORT OF EXPANDING SERVICES PROVIDED BY THE HEALTH CENTERS FOR SCHOOLS PROGRAM WITHIN LAMAR CISD

$321,117
George Foundation

Richmond, TX

PURPOSE: IN SUPPORT OF EXPANDING SERVICES PROVIDED BY THE HEALTH CENTERS FOR SCHOOLS PROGRAM WITHIN LAMAR CISD

$312,906
Petersen Family Foundation

Sugar Land, TX

PURPOSE: UNRESTRICTED USE BY MEMORIAL HERMANN FOUNDATION

$250,000
Direct Relief

Santa Barbara, CA

PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS

$209,835
Direct Relief

Santa Barbara, CA

PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS

$209,835
Rawley Foundation P65070008

Chicago, IL

PURPOSE: GENERAL

$100,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$118,035,259
Earnings$287,679
Net Contributions$22,716,168
Other Expense$22,868,595
Ending Balance$118,170,511

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