Cleveland Clinic Foundation

Cleveland Clinic Foundation Overview

Cleveland Clinic Foundation is located in Independence, OH. The organization was established in 1928. According to its NTEE classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2019, Cleveland Clinic Foundation employed 71,093 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.

For the year ending 12/2019, Cleveland Clinic Foundation generated $11.6b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $10.2b during the year ending 12/2019. While expenses have increased by 7.7% per year over the past 5 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, Cleveland Clinic Foundation has awarded 678 individual grants totaling $180,960,402. 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 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

PATIENT CARE, RESEARCH AND EDUCATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE PROGRAM SERVICE STATEMENT IN SCHEDULE O.


Do You Work With Nonprofits?Intellispect helps service providers identify nonprofit prospects and make contact with decision makers.

Cleveland Clinic Foundation Board, Officers & Key Employees

Vendor Name (Service)Compensation
Siemens Medical Solutions Inc
Healthcare It & Engineering Solutions
$23,111,289
Towne Park Llc
Parking Services
$10,472,068
Ibm Corp
Information Technology Systems
$23,152,230
Cardinal Health
Integrated Healthcare Solutions
$11,795,634
The Hci Group
Healthcare It Consulting & Tech Solution
$11,790,127
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$18,628,419
Related organizations$22,203,130
Government grants $124,079,521
All other contributions, gifts, grants, and similar amounts not included above$162,906,143
Noncash contributions included in lines 1a–1f $13,565,601
Total Revenue from Contributions, Gifts, Grants & Similar$327,817,213
Total Program Service Revenue$10,229,466,263
Investment income $98,978,988
Tax Exempt Bond Proceeds $0
Royalties $33,706,063
Net Rental Income $32,199,281
Net Gain/Loss on Asset Sales $438,250,561
Net Income from Fundraising Events -$4,346,515
Net Income from Gaming Activities -$27,522
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,558,538,378

Cleveland Clinic Foundation Grants Awarded

Over the last fiscal year, Cleveland Clinic Foundation has awarded $37,651,472 in support to 109 organizations.

Grant RecipientAmount

THE CLEVELAND CLINIC EDUCATIONAL FOUNDATION

Org PageRecipient Profile

Independence, OH

PURPOSE: HEALTHCARE RESEARCH & EDUCATION

$20,549,700

MARTIN MEMORIAL MEDICAL CENTER INC

Org PageRecipient Profile

Stuart, FL

PURPOSE: COMMUNITY SUPPORT

$6,705,908

MEDWISH INTERNATIONAL

Org PageRecipient Profile

Cleveland, OH

PURPOSE: HEALTHCARE RESEARCH & EDUCATION

$2,855,681

AXESSPOINTE COMMUNITY HEALTH CENTERS

Org PageRecipient Profile

Akron, OH

PURPOSE: COMMUNITY SUPPORT

$1,635,169

INDIAN RIVER MEMORIAL HOSPITAL INC

Org PageRecipient Profile

Vero Beach, FL

PURPOSE: COMMUNITY SUPPORT

$1,554,706

CITY OF LAKEWOOD

PURPOSE: COMMUNITY SUPPORT

$1,101,500
View Grant Profile

Cleveland Clinic Foundation Grants Recieved

Over the last fiscal year, we have identified 3 grants that Cleveland Clinic Foundation has recieved totaling $83,155.

Awarding OrganizationAmount
Hydrocephalus Assn

Bethesda, MD

PURPOSE: TO FUND THE CLINICAL RESEARCH SITE FOR THE ADULT HYDROCEPHALUS CLINICAL RESEARCH NETWORK

$37,143
Champ Foundation

Durham, NC

PURPOSE: Natural History Study

$35,000
Charcot-Marie-Tooth Association

Glenolden, PA

PURPOSE: CMT RESEARCH

$11,012
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$388,135,477
Earnings$46,870,849
Net Contributions$40,929,881
Other Expense$8,087,054
Ending Balance$467,849,153

Create an account to unlock the data you need.

or