Beth Israel Deaconess Department Of Medicine Foundation Inc

Organization Overview

Beth Israel Deaconess Department Of Medicine Foundation Inc is located in Boston, MA. The organization was established in 2000. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, 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. Beth Israel Deaconess Department Of Medicine Foundation Inc 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 09/2023, Beth Israel Deaconess Department Of Medicine Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 3.0% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT THE PATIENT CARE, RESEARCH AND TEACHING MISSIONS OF BIDMC AND HMFP AS WELL AS TO SUPPORT TEACHING AND RESEARCH AT HMS.

Describe the Organization's Program Activity:

BETH ISRAEL DEACONESS DEPARTMENT OF MEDICINE FOUNDATION, INC. (BIDDM) PLANS AND ADMINISTERS CONTINUING MEDICAL EDUCATION (CME) COURSES AND SEMINARS HELD AT BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC) AND HARVARD MEDICAL SCHOOL (HMS). THE MAJORITY OF THE COURSES ARE PRESENTED IN CONJUNCTION WITH HMS. THESE PROGRAMS PROVIDE CONTINUING EDUCATION OPPORTUNITIES FOR PHYSICIANS BOTH FROM WITHIN AND OUTSIDE OF THE BOSTON AREA AS WELL AS INTERNATIONALLY. IN OCTOBER OF 2021 BIDDM HELD A VIRTUAL INTERNAL MEDICINE CONFERENCE IN CONJUNCTION WITH THE UNIVERSITY OF SINGAPORE. BIDDM OFFERS NUMEROUS ANNUAL CME COURSES ON A WIDE VARIETY OF MEDICAL SPECIALTIES, SUCH AS CARDIOLOGY, ENDOCRINOLOGY, GASTROENTEROLOGY, INFECTIOUS DISEASE, INTERNAL MEDICINE, NEPHROLOGY, PULMONARY, RHEUMATOLOGY, GERONTOLOGY, AND CRITICAL CARE MEDICINE WHICH PROVIDE ATTENDING PRACTITIONERS WITH NEW KNOWLEDGE TO IMPROVE QUALITY MEDICAL CARE FOR PATIENTS AND THEIR COMMUNITIES. PHYSICIANS ATTENDING THESE COURSES RECEIVE CONTINUING EDUCATION CREDITS FOR MAINTENANCE OF THEIR LICENSURE.


DURING THE FISCAL PERIOD COVERED BY THIS FILING, BIDDM PROVIDED SUPPORT TO PATIENT CARE, RESEARCH AND EDUCATION IN SOME OR ALL OF THE FOLLOWING AREAS: FINANCIAL SUPPORT TO NEPHROLOGY, GASTROENTEROLOGY, ENDOCRINOLOGY, PULMONARY, AND CARDIOLOGY PROGRAMS WITHIN THE BIDMC AND HMFP DEPARTMENTS OF MEDICINE; ONGOING SUPPORT TO ALLERGY RELATED RESEARCH; SPONSORSHIP OF NUMEROUS EDUCATIONAL GRAND ROUNDS FOR THE BIDMC AND HMFP DEPARTMENTS OF MEDICINE; ONGOING SALARY SUPPORT TO BIDMC FELLOWSHIP PROGRAMS; AND THE PROVISION OF FINANCIAL SUPPORT TO COVER EXPENSES INCURRED AND/OR SALARY SUPPORT TO PHYSICIANS AND SUPPORT PERSONNEL PROVIDING CARE TO BIDMC AND HMFP PATIENTS. BIDDM FURTHER SUPPORTS THE EDUCATIONAL MISSIONS OF BIDMC AND HMFP BY HELPING TO BRING DISTINGUISHED PHYSICIANS TO BIDMC AND HMFP TO PROVIDE EDUCATIONAL LECTURES IN THEIR AREA OF EXPERTISE. THESE LECTURES SERVE AS AN INTEGRAL PART OF EDUCATING MEDICAL TRAINEES (INTERNS, RESIDENTS, AND FELLOWS) AND PHYSICIANS. ADDITIONALLY, BIDDM HELPS FUND THE COST OF TRAVEL FOR EDUCATIONAL OPPORTUNITIES SO THAT HMFP PHYSICIANS AND BIDMC CLINICAL FELLOWS IN TRAINING CAN ATTEND NATIONAL CONFERENCES FOR PROFESSIONAL DEVELOPMENT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
International Structural Accupuncture
Honorariums
$267,495
Mdi Biological Laboratory
Continuing Medical Education
$164,217
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$726,044
Investment income $500,616
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $154,053
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,386,213

Grants Awarded

Over the last fiscal year, Beth Israel Deaconess Department Of Medicine Foundation Inc has awarded $11,200 in support to 2 organizations.

Grant RecipientAmount

NEUROENDOCRINE TUMOR RESEARCH FOUNDATION (NETRF)

PURPOSE: DONATION IN MEMORY OF DR. JOSEPH LI'S WIFE - KELLY LI

$5,000

NATIONAL KIDNEY FOUNDATION (NKF)

PURPOSE: NFK HONORS GALA

$6,200
View Grant Profile

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