Providence Portland Medical Foundation

Organization Overview

Providence Portland Medical Foundation is located in Portland, OR. The organization was established in 1990. 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. Providence Portland Medical 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, Providence Portland Medical Foundation generated $22.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $14.8m during the year ending 12/2021. While expenses have increased by 8.0% 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 2015, Providence Portland Medical Foundation has awarded 32 individual grants totaling $89,161,305. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE OAS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE PURSUE INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE TODAY.TOGETHER, OUR 120,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 52 HOSPITALS, 1,085 CLINICS AND A COMPREHENSIVE RANGE OF SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:-PROVIDENCE ACROSS SEVEN WESTERN STATES-COVENANT HEALTH IN WEST TEXAS-PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA-HOAG MEMORIAL HOSPITAL PRESBYTERIAN IN ORANGE COUNTY, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA2021 WAS MARKED BY THREE MAJOR SURGES IN COVID-19 VOLUMES, A NATIONAL SHORTAGE OF HEALTH CARE PERSONNEL, AS WELL AS DEFERRALS OF NON-EMERGENT CARE. EVEN WITH THESE TREMENDOUS CHALLENGES, THE PROVIDENCE FAMILY OF ORGANIZATIONS CONTINUED TO INVEST IN OUR COMMUNITIES, GUIDED BY OUR STRATEGIC PLAN AND OUR COMMUNITY BENEFIT PRIORITIES.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSOVER THE LAST TWO YEARS, PROVIDENCE ADVANCED A SOCIAL RESPONSIBILITY FRAMEWORK THAT INCLUDES A STRONGER COMMITMENT TO DIVERSITY, EQUITY, INCLUSION, AND ENVIRONMENTAL STEWARDSHIP. WE UPDATED OUR INTEGRATED STRATEGIC & FINANCIAL PLAN TO MORE CLEARLY EXPRESS OUR COMMITMENT AND ACCELERATION OF THIS IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES IN THE COMMUNITIES WE SERVE. PROVIDENCE'S SOCIAL RESPONSIBILITY FRAMEWORK AIMS TO DEPLOY THE ASSETS OF OUR SYSTEM TO SUPPORT COMMUNITY HEALTH IMPROVEMENT, STRENGTHEN LOCAL ECONOMIES AND REDUCE OUR CARBON FOOTPRINT. IN 2021, OUR SUSTAINABLE AND INCLUSIVE PURCHASING PROGRAM COMMITTED TO INCREASE OUR SPEND WITH WOMEN AND MINORITY OWNED BUSINESS ENTERPRISES BY OVER $300 MILLION ACROSS THE NEXT FIVE YEARS. WE ALSO DEPLOY AN INVESTING PORTFOLIO WHICH INCLUDES SHAREHOLDER ADVOCACY, IMPACT INVESTING, AND SOCIALLY CONSCIOUS PORTFOLIO SCREENS. IN 2021, PROVIDENCE MADE PROGRESS TOWARDS ITS CLIMATE COMMITMENT TO BECOME CARBON NEGATIVE BY 2030. WE ARE IMPLEMENTING AN ENVIRONMENTAL STEWARDSHIP SYSTEM STRATEGY THAT ENCOURAGES WASTE REDUCTIONS, EFFICIENT ENERGY AND WATER USE, LOCAL AGRICULTURE PARTNERSHIPS, LESS TOXIC AND FEWER CHEMICAL USE, AND A REDUCTION IN CARBON FROM TRAVEL.PROVIDENCE PORTLAND MEDICAL FOUNDATION PROVIDES OPERATIONAL AND CAPITAL SUPPORT TO A NUMBER OF HOSPITAL PROGRAMS. THE MAJORITY OF THE FOUNDATION'S ANNUAL FUNDING GOES TO SUPPORT CANCER RESEARCH EFFORTS FOR THE ROBERT W. FRANZ CANCER CENTER AND THE EARLE A. CHILES RESEARCH INSTITUTE. OUR SCIENTISTS CONTINUE TO MAKE DRAMATIC PROGRESS IN THE RACE TO FIND A CURE FOR CANCER USING THE BODY'S OWN IMMUNE SYSTEM. IMMUNOTHERAPY HAS BEEN SHOWN TO BE HIGHLY EFFECTIVE IN SEVERAL TYPES OF ADVANCED CANCERS, INCLUDING LUNG, BLADDER, LYMPHOMA AND KIDNEY CANCERS, AS WELL AS MELANOMA.IN 2021, WE CONTINUED TO SUPPORT THE TREMENDOUS GROWTH WITHIN CANCER RESEARCH RAISING OVER $7,500,000 FOR THE RECRUITMENT OF NEW SCIENTISTS AND SUPPORT THE ONGOING NEEDS OF THE CANCER INSTITUTE.WE RECEIVED A $5,000,000 GIFT TO SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF THE SWEDISH WOMEN'S BRAIN HEALTH CLINIC WITHIN THE WOMEN'S WELLNESS CENTER IN SEATTLE, WA. THIS NEW PROGRAM WILL WORK TO SUPPORT WOMEN'S OVERALL HEALTH WITH A SPECIFIC FOCUS ON WAYS TO REDUCE THE RISK OF DEMENTIA. WE ALSO SUPPORTED EFFORTS TO LAUNCH A NEW CARDIO-ONCOLOGY PROGRAM AT PROVIDENCE CANCER INSTITUTE. AN INITIAL $1,000,000 GIFT IN 2021 PROVIDED SUPPORT TO BEGIN THIS MULTI-DISCIPLINARY PROGRAM THAT COMBINES EXPERTISE FROM BOTH THE PROVIDENCE HEART INSTITUTE AND THE PROVIDENCE CANCER INSTITUTE, WITH THE GOAL TO PROVIDE SPECIAL CARE FOR CANCER PATIENTS THAT ALSO FACE HEART RELATED HEALTH ISSUES. OTHER 2021 HIGHLIGHTS INCLUDE:TREMENDOUS GROWTH WITHIN CANCER RESEARCH WHEREBY, FOUNDATION DOLLARS WERE USED FOR THE RECRUITMENT OF NEW SCIENTISTS AND SUPPORT THE ONGOING NEEDS OF THE CANCER INSTITUTE.THE START OF A NEW EMERGENCY SERVICES FUND TO HELP MEET THE GROWING PROGRAMMATIC AND CAPITAL NEEDS ASSOCIATED WITH THE EMERGENCY DEPARTMENT AT PROVIDENCE PORTLAND MEDICAL CENTER. FOUNDATION DOLLARS PROVIDED THE RESOURCES TO GIVE MUCH NEEDED SUPPORT TO OUR CAREGIVERS THROUGH A PHYSICIAN COACHING PROGRAM. THIS NEW PROGRAM LED BY PROVIDENCE STAFF, FOCUSED ON PROVIDING TOOLS AND COPING TECHNIQUES TO HELP TEAM MEMBERS THAT HAVE ENDURED A SIGNIFICANT AMOUNT DURING A PANDEMIC AND ARE FACING BURNOUT AND FATIGUE. THE FOUNDATION PROVIDED ASSISTANCE TO CATHOLIC CHARITIES FOR ITS ADMINISTRATION OF THE HELPING HAND FUND, WHICH PROVIDED LIVING ASSISTANCE TO EMPLOYEES WITHIN THE PROVIDENCE HEALTH & SERVICES - OREGON CORPORATION.OTHER GRANTS & ALLOCATIONS TO PPMC FOR INTERNAL MEDICINE RESIDENCY PROGRAM, HOSPITALIST PROGRAM, HEART SERVICES, SENIOR HEALTH SERVICES AND THE NEONATAL INTENSIVE CARE UNIT.


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Board, Officers & Key Employees

Name (title)Compensation
Kristi Richards
Treasurer
$0
Tayo Akanni
Secretary
$0
Gayland R Looney
Chair
$0
William C Kennedy
Vice Chair
$0
Chelsea Sokolow
Chief Philanthropy Officer
$0
Arleen Barnett
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$914,253
Related organizations$0
Government grants $435,536
All other contributions, gifts, grants, and similar amounts not included above$13,798,582
Noncash contributions included in lines 1a–1f $231,658
Total Revenue from Contributions, Gifts, Grants & Similar$15,148,371
Total Program Service Revenue$0
Investment income $3,830,302
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,322,959
Net Income from Fundraising Events -$14,612
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$209,321
Miscellaneous Revenue$0
Total Revenue $22,077,699

Grants Awarded

Over the last fiscal year, Providence Portland Medical Foundation has awarded $13,436,672 in support to 3 organizations.

Grant RecipientAmount

PROVIDENCE HEALTH & SERVICES OREGON

Org PageRecipient Profile

Renton, WA

PURPOSE: OPERATIONAL & CAPITAL SUPPORT

$13,370,158

CATHOLIC CHARITIES

Org PageRecipient Profile

Portland, OR

PURPOSE: OPERATIONAL SUPPORT

$50,000

CATHOLIC HEALTH ASSOCIATION

Org PageRecipient Profile

Saint Louis, MO

PURPOSE: OPERATIONAL SUPPORT

$16,514
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Providence Portland Medical Foundation has recieved totaling $283,273.

Awarding OrganizationAmount
Providence Plan Partners

Renton, WA

PURPOSE: SEE PART IV

$100,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$59,300
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Health

$50,000
Oregon Community Foundation

Portland, OR

PURPOSE: Physical Health

$42,500
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$31,473
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$30,984,400
Earnings$4,789,854
Net Contributions$2,201,880
Grants$1,023,281
Ending Balance$36,952,853

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