Presbyterian Healthcare Foundation

Organization Overview

Presbyterian Healthcare Foundation is located in Albuquerque, NM. The organization was established in 1968. 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. Presbyterian Healthcare 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, Presbyterian Healthcare Foundation generated $16.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $7.2m during the year ending 12/2021. While expenses have increased by 5.1% 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, Presbyterian Healthcare Foundation has awarded 400 individual grants totaling $23,796,551. 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

THE FOUNDATION IDENTIFIED THE GROWTH OF THE PRESBYTERIAN NEUROSCIENCE PROGRAM AS A FUNDRAISING PRIORITY, IN ALIGNMENT WITH PHS PRIORITIES - AND IN RECOGNITION OF THE NEED TO GROW THE BREADTH OF THIS CARE AREA AND REDUCE THE NEED FOR NEW MEXICANS TO LEAVE THE STATE FOR THIS IMPORTANT SPECIALTY CARE. A VOLUNTEER TASK FORCE COMPRISED OF FOUNDATION BOARD MEMBERS WAS ASSEMBLED TO LEAD FUNDRAISING TOWARD A $5.0 MILLION WORKING GOAL. A $2.0 MILLION GIFT CREATED PRESBYTERIAN'S FIRST PHYSICIAN ENDOWED CHAIR FOR THE NEUROSCIENCE PROGRAM. ADDITIONAL DOLLARS WERE RAISED AND DIRECTED TO TECHNOLOGY AND EQUIPMENT FOR PRESBYTERIAN HOSPITAL TO ENHANCE NEUROSURGERY CAPABILITIES. FUNDRAISING CONTINUES TOWARD OTHER NEEDS, ULTIMATELY TO MAKE NEUROSCIENCE CARE MORE ACCESIBLE TO PEOPLE THROUGHOUT NEW MEXICO FOR A WIDE RANGE OF CONDITIONS OF THE BRAIN, SPINAL CORD, AND SUPPORTING NERVES AND BLOOD VESSELS.


THE FOUNDATION FULFILLED A $1 MILLION COMMITMENT, INCLUDING NEW GIFTS/PLEDGES AND ALLOCATION OF UNRESTRICTED DOLLARS, TOWARD THE $4.5 MILLION CONSTRUCTION OF THE NEW PRESBYTERIAN BREAST CARE LOCATION IN PRESBYTERIAN RUST MEDICAL CENTER'S PHYSICIAN OFFICE BUILDING. THE NEW LOCATION BRINGS TOGETHER SCREENING, DIAGNOSIS AND TREATMENT OPTIONS FOR BREAST CANCER AND NON-MALIGNANT BREAST DISEASE. CARE IS PROVIDED BY A TEAM OF MULTIDISCIPLINARY SPECIALISTS FROM PRESBYTERIAN MEDICAL GROUP AND RADIOLOGY ASSOCIATES OF ALBUQUERQUE.


THE FOUNDATION HAS PRIORITIZED THE HEALTH AND WELL-BEING OF PROVIDERS AND STAFF, RECOGNIZING THAT BURNOUT, EXTREME FATIGUE, AND ASSOCIATED ISSUES HAVE SKYROCKETED DURING THE PANDEMIC WITH THE MAJORITY OF HEALTHCARE WORKERS NOW REPORTING CHALLENGES IN THESE AREAS. IN 2021, THE FOUNDATION AWARDED $411,198 TO NURSING AND PHYSICIAN ENGAGEMENT EFFORTS. AMONG THE FUNDED PROGRAMS WERE RENEW, A FOUR-DAY PROGRAM FOR FRONTLINE NURSES; "RELATIONS", A COMMUNICATIONS TRAINING SERIES FOR PROVIDERS AND STAFF; AND "ECHO BURNOUT", A PROGRAM THAT USES TELECONFERENCING TECHNOLOGY TO CONNECT A CONTENT SPECIALIST WITH PARTICIPANTS. THE "ECHO BURNOUT" WAS EXPANDED WITH SEPARATE VERSIONS FOR PROVIDERS AND NON-CLINICAL STAFF.


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Board, Officers & Key Employees

Name (title)Compensation
Dale C Maxwell
Ex-Officio Director
$0
Christopher Spencer
Director, Treasurer
$0
Helen Grevey
Director, Secretary
$0
Richard J Scott
President
$0
Nathan Armstrong
Director
$0
Choudary Ganga MD
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ecg Topco Holdings Llc
Healthcare Consultng
$102,786
The Institute For Healthcare Excell
Healthcare Consultng
$136,186
Albuquerque Convention Center
Facility & Catering
$139,088
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$578,888
Related organizations$57,500
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,191,167
Noncash contributions included in lines 1a–1f $129,316
Total Revenue from Contributions, Gifts, Grants & Similar$7,827,555
Total Program Service Revenue$0
Investment income $3,216,426
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $28,765
Net Gain/Loss on Asset Sales $5,113,291
Net Income from Fundraising Events -$12,233
Net Income from Gaming Activities $3,655
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,177,459

Grants Awarded

Over the last fiscal year, Presbyterian Healthcare Foundation has awarded $3,148,613 in support to 31 organizations.

Grant RecipientAmount

PRESBYTERIAN HEALTHCARE SERVICES

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: COVID RESPONSE

$509,183

PRESBYTERIAN HEALTHCARE SERVICES

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: Provide Support, Fund Equipment, Education, and Other Healthcare Activities

$504,090

PRESBYTERIAN HEALTHCARE SERVICES

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: PEDIATRIC HEART BYPASS EQUIPMENT

$330,786

PRESBYTERIAN HEALTHCARE SERVICES

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: NURSING ENGAGEMENT

$235,409

PRESBYTERIAN HEALTHCARE SERVICES

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: COMMUNITY HEALTH

$191,524

PRESBYTERIAN HEALTHCARE SERVICES

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: PHYSICIANS ENGAGEMENT

$175,789
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 16 grants that Presbyterian Healthcare Foundation has recieved totaling $279,734.

Awarding OrganizationAmount
Eugene L Garcia Charitable Trust 4531-13088000

Las Vegas, NV

PURPOSE: GENERAL SUPPORT GRANT

$102,183
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$74,100
Albuquerque Community Foundation

Albuquerque, NM

PURPOSE: DONOR-ADVISED

$27,579
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$20,550
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$20,000
Amg Charitable Gift Foundation

Greenwood Village, CO

PURPOSE: MEDICAL

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$97,499,965
Earnings$14,579,748
Admin Expense$2,853,963
Net Contributions$2,734,101
Other Expense$1,692,213
Ending Balance$110,267,638

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