Childrens Hospital & Research Center Foundation
- Assets
- $371.3m
- Revenue
- $25.1m
- Investments
- $2.2m
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 12/1967
- Data as of
- 06/2021
- EIN
- 94-1657474
Organization Overview
Childrens Hospital & Research Center Foundation, operating under the name Ucsf Benioff Children's Hospitals Fn, is located in Oakland, CA. The organization was established in 1967. 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. Ucsf Benioff Children's Hospitals Fn 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, Ucsf Benioff Children's Hospitals Fn generated $25.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $21.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ucsf Benioff Children's Hospitals Fn has awarded 16 individual grants totaling $125,307,720. 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
UCSF BENIOFF CHILDREN'S HOSPITALS FOUNDATION IS A NOT-FOR-PROFIT PUBLIC BENEFIT CORPORATION THAT HAS BEEN IN OPERATION SINCE 1967. ITS PRIMARY GOAL IS TO ACQUIRE CHARITABLE GIFTS AND OTHER RESOURCES FOR UCSF BENIOFF CHILDREN'S HOSPITAL OAKLAND AND SAN FRANCISCO'S PROGRAMS, SERVICES AND OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O CHILDREN'S HOSPITAL & RESEARCH CENTER FOUNDATION, DBA UCSF BENIOFF CHILDREN'S HOSPITALS FOUNDATION, HAS A 24-MEMBER BOARD OF DIRECTORS COMPRISED OF COMMUNITY LEADERS AND KEY HOSPITAL LEADERSHIP. THE BOARD PROVIDES DIRECTION AND OVERSIGHT FOR PLANNING AND IMPLEMENTING A COMPREHENSIVE FUND DEVELOPMENT PROGRAM THAT INCLUDES: MAJOR AND ANNUAL GIFTS; PLANNED GIVING; FOUNDATION AND CORPORATE GRANTS; CHILDREN'S MIRACLE NETWORK HOSPITALS AND CAUSE RELATED MARKETING; SPECIAL EVENTS; AND A COMPREHENSIVE CAMPAIGN. THE GENEROSITY OF OUR DONORS IS A SOURCE OF GREAT STRENGTH FOR UCSF BENIOFF CHILDREN'S HOSPITALS. FROM JULY 2020 - JUNE 2021, THE FOUNDATION DISTRIBUTED $15,041,943 TO THE HOSPITALS IN SUPPORT OF CLINICAL PROGRAMS, BREAKTHROUGH RESEARCH, PEDIATRIC ADVOCACY, COMMUNITY OUTREACH, MEDICAL TRAINING, AND FACILITIES. THESE FUNDS ARE PART OF UCSF BENIOFF OAKLAND'S $200 MILLION COMPREHENSIVE CAMPAIGN, WHICH SUPPORTS PHASE 1 OF THE HOSPITAL'S MASTER PLAN MODERNIZATION PROJECT, AS WELL AS OTHER CORE AREAS OF ITS MISSION. A KEY GUIDING PRINCIPLE OF THE MASTER PLAN IS TO DESIGN A FACILITY THAT IS DISTINCTLY FOR CHILDREN AND FAMILIES, WITH DESIGNATED IN-PATIENT AND OUT-PATIENT ZONES. THE PROJECT'S FIRST PHASE INCLUDES CREATING A SECOND OUTPATIENT CENTER AND RENOVATING THE PEDIATRIC INTENSIVE CARE UNIT (PICU), NEONATAL INTENSIVE CARE UNIT (NICU), AND POST ANESTHESIA CARE UNIT (PACU). OTHER CAMPAIGN FUNDING PRIORITIES INCLUDE ANNUAL FUND AND UNRESTRICTED SUPPORT, CAPITAL EQUIPMENT AND FACILITY RENOVATIONS, RESEARCH, COMMUNITY PROGRAMS AND ADVOCACY, AND EDUCATION. FOR MORE THAN 100 YEARS, UCSF BENIOFF CHILDREN'S HOSPITAL OAKLAND HAS BEEN A FIXTURE IN OAKLAND AND THE SURROUNDING BAY AREA. THE HOSPITAL IS ONE OF ONLY FIVE ACS PEDIATRIC LEVEL I TRAUMA CENTERS IN THE STATE, AND HAS ONE OF THE LARGEST PEDIATRIC INTENSIVE CARE UNITS IN NORTHERN CALIFORNIA. FOR THE PERIOD JULY 2020 THROUGH JUNE 2021, CHILDREN'S HAD 7,000 INPATIENT STAYS, 24,000 EMERGENCY DEPARTMENT VISITS, 7,000 SURGICAL CASES AND 248,000 OUTPATIENT CLINIC VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Hickey Foundation President | OfficerTrustee | 20 | $0 |
Jennifer Arnett Vice Chan. Dev & Alumni Relations | OfficerTrustee | 2 | $0 |
Matthew Cook Director/hospital President & CEO | OfficerTrustee | 8 | $0 |
Shahan Soghikian Chairman | OfficerTrustee | 2 | $0 |
Ed Penhoet PHD Secretary | OfficerTrustee | 2 | $0 |
Michael Anderson MD Hospital President/ceo (thru 8/20) | OfficerTrustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patriot Entertainment Llc Entertainment Services | 6/29/20 | $150,000 |
Siino & Associates Llc Personnel Services | 6/29/20 | $296,247 |
Patriot Entertainment Llc Entertainment Services | 6/29/20 | $150,000 |
Siino & Associates Llc Personnel Services | 6/29/20 | $296,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $853,430 |
| Related organizations | $1,304,936 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,465,959 |
| Noncash contributions included in lines 1a–1f | $988,501 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,624,325 |
| Total Program Service Revenue | $0 |
| Investment income | $1,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $645,322 |
| Net Income from Fundraising Events | -$164,053 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,107,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,041,943 |
| 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. | $184,479 |
| Compensation of current officers, directors, key employees. | $61,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,722,697 |
| Pension plan accruals and contributions | $406,290 |
| Other employee benefits | $446,448 |
| Payroll taxes | $169,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,423 |
| Fees for services: Accounting | $83,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,291 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$8,199 |
| Advertising and promotion | $5,241 |
| Office expenses | $16,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $965,994 |
| Travel | $31,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,000 |
| Payments to affiliates | $258,206 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,948,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,826,809 |
| Savings and temporary cash investments | $6,209,181 |
| Pledges and grants receivable | $600,650 |
| Accounts receivable, net | $1,608,386 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $800,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $376,149 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $354,716,627 |
| Investments—other securities | $2,167,483 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,948,048 |
| Total assets | $371,253,333 |
| Accounts payable and accrued expenses | $417,829 |
| 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 | $800,000 |
| Other liabilities | $22,611,283 |
| Total liabilities | $23,829,112 |
| Net assets without donor restrictions | $275,324,620 |
| Net assets with donor restrictions | $72,099,601 |
| 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 | $371,253,333 |
Grants Awarded
Over the last fiscal year, Childrens Hospital & Research Center Foundation has awarded $15,041,943 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: UNRESTRICTED GENERAL SUPPORT AND VARIOUS DONOR DESIGNATED | $12,544,048 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $2,450,000 |
Oakland, CA PURPOSE: GENERAL SUPPORT | $47,895 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Childrens Hospital & Research Center Foundation has recieved totaling $5,028.
| Awarding Organization | Amount |
|---|---|
Touchstone Golf Foundation Berkeley, CA PURPOSE: SUPPORT FOR FOUNDATION WORK | $5,028 |
Endowment Analysis
| Beg. Balance | $245,222,599 |
| Earnings | $83,850,920 |
| Net Contributions | $11,233,914 |
| Other Expense | $3,196,072 |
| Ending Balance | $337,111,361 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoag Hospital Foundation Newport Beach, CA | $584,715,727 | $185,764,932 |
California Pacific Medical Center Foundation Sacramento, CA | $485,240,778 | $61,000,436 |
Childrens Health Council Inc Palo Alto, CA | $96,571,005 | $43,949,984 |
Sheet Metal Workers 16 Health And Welfare Fund Portland, OR | $48,597,003 | $31,256,825 |
Providence Health & Services Foundation Burbank, CA | $162,436,419 | $70,514,754 |
Phoenix Childrens Hospital Foundation Phoenix, AZ | $169,654,269 | $46,955,986 |
Santa Barbara Cottage Hospital Foundation Santa Barbara, CA | $242,184,554 | $25,746,926 |
Collis P & Howard Huntington Memorial Hospital Trust Pasadena, CA | $514,343,312 | $111,327,591 |
Childrens Hospital & Research Center Foundation Oakland, CA | $371,253,333 | $25,107,510 |
Helix Electric Health And Welfare Insurance Trust San Diego, CA | $2,039,604 | $20,413,301 |
Providers Insurance Corporation Honolulu, HI | $85,184,970 | $19,689,138 |
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |