Summit Health Foundation
- Assets
- $73.4m
- Revenue
- $2.7m
- Investments
- $6.6m
- Employees
- 0
- Location
- York, PA
- Founding
- 09/2019
- Data as of
- 06/2021
- EIN
- 83-1196554
Organization Overview
Summit Health Foundation is located in York, PA. The organization was established in 2019. 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. Summit Health 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 06/2021, Summit Health Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.9% each year .
Since 2020, Summit Health Foundation has awarded 14 individual grants totaling $3,727,684. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SUMMIT HEALTH FOUNDATION IS A COMMUNITY-BASED, NON-PROFIT ORGANIZATION THAT EXISTS TO INSPIRE GIFTS AND GRANTS FROM INDIVIDUALS, FOUNDATIONS, CORPORATIONS AND OTHER ENTITIES TO SUPPORT THE HEALTH AND WELL-BEING OF PEOPLE IN FRANKLIN COUNTY, PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMIT HEALTH FOUNDATION IS A COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATION THAT EXISTS TO INSPIRE GIFTS AND GRANTS FROM INDIVIDUALS, FOUNDATIONS, CORPORATIONS, AND OTHER ENTITIES TO SUPPORT THE HEALTH AND WELL-BEING OF PEOPLE IN FRANKLIN COUNTY AND COMMUNITIES IN ADJACENT CUMBERLAND COUNTY. THE ORGANIZATION CONDUCTS FUNDRAISING ACTIVITIES AND SEEKS GRANT FUNDING ON BEHALF OF WELLSPAN SUMMIT HEALTH, WAYNESBORO HOSPITAL, CHAMBERSBURG HOSPITAL, SUMMIT PHYSICIAN SERVICES AND THEIR AFFILIATES. DONATIONS MADE TO THE SUMMIT HEALTH FOUNDATION MAY BE DIRECTED, AS FOLLOWS:WHERE NEEDED MOST: SUPPORTS ONGOING NEEDS THAT BENEFIT WELLSPANS HEALTH AND WELLNESS INITIATIVES WITHIN THE COMMUNITY AND AT WELLSPAN CHAMBERSBURG HOSPITAL AND WELLSPAN WAYNESBORO HOSPITAL.PATIENT SUPPORT FUND: CONNECTS PATIENTS WITH RESOURCES SUCH AS TRANSPORTATION TO AND FROM WELLSPAN LOCATIONS, MEDICAL EQUIPMENT, PRESCRIPTIONS, OR OTHER NEEDS RELATED TO FACILITATING DISCHARGE FROM WELLSPAN CHAMBERSBURG OR WELLSPAN WAYNESBORO HOSPITAL.ONCOLOGY BRIDGE FUND (CANCER PATIENT SUPPORT FUND): A PATIENT SUPPORT FUND (AS DESCRIBED ABOVE) THAT IS EXCLUSIVELY FOR CANCER CARE PATIENTS.MEDICAL ACADEMIC FUND: ENSURES ACCESS TO CARE BY PROVIDING A STEADY PIPELINE OF PROVIDERS THROUGH STIPENDS AND SCHOLARSHIPS TO FRANKLIN COUNTY RESIDENTS WHO ARE ENROLLED IN MEDICAL SCHOOL AND HAVE COMMITTED TO WORKING IN FRANKLIN COUNTY UPON GRADUATION.KRISTIN RUNYON MEMORIAL SCHOLARSHIP FUND: SUPPORTS RN NURSING EDUCATION TO BENEFIT AND ENHANCE THE PROFESSIONAL SKILLS OF NURSES SERVING FRANKLIN COUNTY.REACH OUT AND READ: PROMOTES INCREASED LITERACY RATES BY PROVIDING AN AGE-APPROPRIATE BOOK FOR CHILDREN TO TAKE HOME WITH THEM FOLLOWING THEIR WELLNESS VISITS.SEE WELLSPAN HEALTH - 2021 COMMUNITY BENEFIT REPORT LOCATED AT HTTPS://WWW.WELLSPAN.ORG/ABOUT/WELLSPAN-IN-THE-COMMUNITY/2021-COMMUNITY-BENEFIT-REPORT/
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxanna Gapstur Pres & Ceo-Wsh | OfficerTrustee | 1 | $0 |
Laura Buczkowski Sr VP & CFO | OfficerTrustee | 1 | $0 |
Sherri H Stahl Director | OfficerTrustee | 1 | $0 |
Jason Trout Vp-Philanthropy | OfficerTrustee | 8 | $0 |
Joel Zullinger Chairman | Trustee | 1 | $0 |
David A Hoffman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,641,998 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,641,998 |
| Total Program Service Revenue | $210,466 |
| Investment income | $207,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $655,387 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,715,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,626,309 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,617 |
| Fees for services: Other | $28,322 |
| Advertising and promotion | $29 |
| Office expenses | $921 |
| Information technology | $17,980 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $73 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $734 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $45 |
| Total functional expenses | $1,836,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,672 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $36,217,814 |
| Investments—other securities | $6,640,409 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,548,906 |
| Total assets | $73,413,801 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,030 |
| Total liabilities | $14,030 |
| Net assets without donor restrictions | $43,525,335 |
| Net assets with donor restrictions | $29,874,436 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $73,413,801 |
Grants Awarded
Over the last fiscal year, Summit Health Foundation has awarded $1,626,196 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
York, PA PURPOSE: General support | $1,341,038 |
York, PA PURPOSE: General support | $163,467 |
York, PA PURPOSE: General support | $48,902 |
York, PA PURPOSE: General support | $39,290 |
York, PA PURPOSE: General support | $19,135 |
York, PA PURPOSE: General support | $14,364 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Summit Health Foundation has recieved totaling $87,703,911.
| Awarding Organization | Amount |
|---|---|
Waynesboro Hospital York, PA PURPOSE: Fund new system foundation | $19,234,637 |
Waynesboro Hospital York, PA PURPOSE: Fund new system foundation | $19,234,637 |
Waynesboro Hospital York, PA PURPOSE: Fund new system foundation | $19,234,637 |
Chambersburg Hospital York, PA PURPOSE: Fund new system foundation | $10,000,000 |
Chambersburg Hospital York, PA PURPOSE: Fund new system foundation | $10,000,000 |
Chambersburg Hospital York, PA PURPOSE: Fund new system foundation | $10,000,000 |
Endowment Analysis
| Beg. Balance | $25,100,620 |
| Earnings | $4,773,816 |
| Net Contributions | $55,047 |
| Other Expense | $55,047 |
| Ending Balance | $29,874,436 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |