Dogwood Health Trust
- Assets
- $1.4b
- Revenue
- $630.2m
- Investments
- $1.3b
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 06/2019
- Data as of
- 12/2020
- EIN
- 83-0590696
Organization Overview
Dogwood Health Trust is located in Asheville, NC. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dogwood Health Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Dogwood Health Trust has awarded 817 individual grants totaling $130,109,091. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEVERAGE FUND DEPARTMENTTHE FOUNDATION IDENTIFIES GRANTS FOR CHARITABLE PARTNERS WITHIN ITS LOCAL COMMUNITY. ONCE A POTENTIAL GRANT HAS BEEN IDENTIFIED, THE FOUNDATION HIRES GRANT WRITERS ON THE PARTNERS' BEHALF TO AID IN CLAIMING THE GRANT.
LEGACY FOUNDATIONFOR A TWO YEAR PERIOD, THE FOUNDATION HAS AGREED TO PROVIDE SUPPORT TO LEGACY FOUNDATIONS WITH WHICH IT HAS PARTNERED. THE LEGACY FOUNDATIONS USE THE SUPPORT PROVIDED FOR ADMINISTRATIVE COSTS SUCH AS COMPENSATION, TECHNOLOGY AND OTHER FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan R Mims Interim-Ceo | 40 | $555,000 | |
William Buster Senior Vice Presiden | 40 | $313,150 | |
Rachel Ryan General Counsel And COO | 40 | $307,491 | |
James Kinard Vice President | 40 | $278,760 | |
Charles Ayscue Interim-Cfo (thru 10/21) | 40 | $258,923 | |
Ann Young Senior Advisor | 23 | $257,727 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tcw Group | 12/30/21 | $995,006 |
Adage Capital Partners Lp | 12/30/21 | $1,371,606 |
Cambridge Associates Llc | 12/30/21 | $985,000 |
Systematic Holding A Ab | 12/30/21 | $847,638 |
Versant Venture Capital | 12/30/21 | $838,173 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $379,827,326 |
| Interest on Savings | $6,080,733 |
| Dividends & Interest | $12,682,012 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,296,985 |
| Capital Gain Net Income | $42,301,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $206,313,542 |
| Total Revenue | $630,200,598 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,282,521 |
| Other employee salaries and wages | $3,665,476 |
| Pension plans, employee benefits | $873,469 |
| Interest | $136,786 |
| Taxes | $1,003,696 |
| Depreciation | $60,310 |
| Occupancy | $257,984 |
| Travel, conferences, and meetings | $58,084 |
| Printing and publications | $0 |
| Other expenses | $5,127,759 |
| Total operating and administrative expenses | $17,122,132 |
| Contributions, gifts, grants paid | $27,018,648 |
| Total expenses and disbursements | $44,140,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,852,791 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $293,104 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $8,760,102 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,294,168,187 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,125,828 |
| Total assets | $1,386,374,836 |
| Accounts payable and accrued expenses | $1,030,855 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $14,750,539 |
| Other liabilities | $0 |
| Total liabilities | $15,781,394 |
Grants Awarded
Over the last fiscal year, Dogwood Health Trust has awarded $102,725,443 in support to 354 organizations.
| Grant Recipient | Amount |
|---|---|
Asheville, NC PURPOSE: SUPPORT FOR SPECIAL ACA OPEN ENROLLMENT (FEB-MAY 2021) | $5,521,920 |
IMPACT HEALTH PURPOSE: HEALTH OPPORTUNITIES PILOT | $4,982,754 |
Asheville, NC PURPOSE: COVID-19 MITIGATION FOR COMMUNITY COLLEGE STUDENTS | $3,320,656 |
Asheville, NC PURPOSE: WNC PANDEMIC RECOVERY PROGRAM: IMPROVING AND SUSTAINING THE HEALTH AND INCOME OF WNC | $2,825,250 |
YANCEY COUNTY PURPOSE: YANCEY COUNTY AFFORDABLE HOUSING INITIATIVE | $2,500,000 |
JACKSON COUNTY PURPOSE: JACKSON COUNTY HOMELESS AND DOMESTIC ABUSE SHELTERS | $2,174,498 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dogwood Health Trust has recieved totaling $155,009,964.
| Awarding Organization | Amount |
|---|---|
Anc Healthcare Inc Winter Park, FL PURPOSE: GENERAL PURPOSE | $155,009,964 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Distribution Cooperative Inc Mcdonough, GA | $32,404,421 | $108,129,645 |
The Coca-Cola Foundation Inc Atlanta, GA | $328,454,102 | $178,366,620 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |