Banner Health Foundation

Organization Overview

Banner Health Foundation is located in Phoenix, AZ. The organization was established in 2001. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Banner Health Foundation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banner 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 12/2021, Banner Health Foundation generated $27.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $19.7m during the year ending 12/2021. While expenses have increased by 7.8% 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, Banner Health Foundation has awarded 38 individual grants totaling $98,497,086. 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

BANNER HEALTH FOUNDATION SECURES AND STEWARDS CHARITABLE CONTRIBUTIONS TO ADVANCE BANNER HEALTH'S MISSION TO MAKE HEALTH CARE EASIER, SO LIFE CAN BE BETTER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE BANNER HEALTH FOUNDATION FOSTERS A SPIRIT OF GIVING BY MAKING HEALTHCARE SOLUTIONS A REALITY FOR OUR COMMUNITY. CONTRIBUTIONS MADE TO THE FOUNDATION ARE INVESTED LOCALLY IN BANNER HEALTH'S NOT-FOR-PROFIT FACILITIES AND PROGRAMS TO ADVANCE HEALTH AND WELLNESS. CARING FOR THE FUTURE OF ARIZONA SINCE 1978, BANNER HEALTH FOUNDATION IS SUPPORTED BY THE GENEROSITY OF INDIVIDUAL DONORS, THE PUBLIC AND PRIVATE SECTORS, AND HUNDREDS OF ACTIVE VOLUNTEERS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blackbaud
Computer Software
$198,472
Bright Event Rentals Llc
Event Rentals
$151,118
Futurus Group Inc
Computer Software
$108,300
Jw Marriott Desert Ridge
Event Space
$162,674
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,698,785
Related organizations$130,500
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$17,961,369
Noncash contributions included in lines 1a–1f $2,503,635
Total Revenue from Contributions, Gifts, Grants & Similar$19,790,654
Total Program Service Revenue$0
Investment income $1,215,029
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,208,174
Net Income from Fundraising Events -$714,045
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $27,502,678

Grants Awarded

Over the last fiscal year, Banner Health Foundation has awarded $13,427,801 in support to 3 organizations.

Grant RecipientAmount

Phoenix, AZ

PURPOSE: General Support

$10,441,523

BANNER MEDICAL GROUP

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: General Support

$1,752,104

BANNER UNIVERSITY MEDICAL GROUP

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: General Support

$1,234,174
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Banner Health Foundation has recieved totaling $15,100.

Awarding OrganizationAmount
Norkaitis Family Charities Inc

Tucson, AZ

PURPOSE: CHARITABLE

$10,000
Wsp Foundation Inc

New York, NY

PURPOSE: TO ENABLE THE INSTITUTION TO CONTINUE THEIR PUBLIC CHARITABLE ROLE.

$5,000
$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$18,450,981
Earnings$6,676,019
Net Contributions$513,000
Grants$307,000
Ending Balance$25,333,000

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