Miriam Hospital Foundation

Organization Overview

Miriam Hospital Foundation is located in Providence, RI. The organization was established in 1995. 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. Miriam Hospital 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 09/2021, Miriam Hospital Foundation generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $4.3m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Miriam Hospital Foundation has awarded 18 individual grants totaling $30,821,333. 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

TO ENGAGE IN PHILANTHROPIC ACTIVITIES TO SUPPORT THE MISSION AND PURPOSES OF THE MIRIAM HOSPITAL (TMH), WHICH ARE DELIVERING HEALTH WITH CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THROUGH THE DEVELOPMENT AND ADMINISTRATION OF ITS PHILANTHROPIC ACTIVITIES, IN FISCAL YEAR 2021 THE MIRIAM HOSPITAL FOUNDATION (THE FOUNDATION) TRANSFERRED FUNDS RAISED IN THE AGGREGATE AMOUNT OF $1,877,916 TO TMH TO SUPPORT ITS OPERATIONS AND CAPITAL EXPENDITURES, WHICH IN TURN BENEFITS THE RHODE ISLAND COMMUNITY. MOST NOTABLY, THE FOUNDATION TRANSFERRED $430,885 TO TMH'S CENTER FOR INNOVATIVE CANCER TREATMENT; $209,104 TO TMH'S EMERGENCY DEPARTMENT TO BE USED FOR ITS OPERATIONAL NEEDS, AND $161,356 TO TMH'S DEPARTMENT OF CARDIOLOGY. PLEASE SEE SCHEDULE O OF FORM 990 FOR FURTHER DETAIL RELATED TO OTHER SIGNIFICANT TMH PROGRAMS WHICH THE FOUNDATION SUPPORTED VIA PHILANTHROPY RECEIVED DURING THE FISCAL YEAR.


DURING FISCAL YEAR 2021, THE FOUNDATION GRANTED $662,824 FROM ITS UNRESTRICTED NET ASSETS TO TMH TO BE USED IN SUPPORT OF THE FOLLOWING AREAS: (1) TMH'S GREATEST NEEDS IN DEALING WITH THE COVID-19 PANDEMIC ($239,824); (2) TMH'S EMERGENCY DEPARTMENT BEHAVIORAL HEALTH NURSE NAVIGATOR POSITION TO RELIEVE OVERCROWDING AND FACILITATE OPTIMUM CARE FOR PATIENTS IN BEHAVIORAL HEALTH CRISIS ($225,000); (3)TMH'S COMMUNITY RELATIONS PROGRAM--COMMUNITY ACTION GRANTS ($100,000); (4) NURSING EDUCATION AND RESEARCH AT TMH ($80,000); (5) TMH'S COVID-19 TREATMENT SUPPLIES($15,000);AND (6) THE EMEK MEDICAL CENTER (AFULA, ISRAEL) EXCHANGE PROGRAM ($3,000).


THE FOUNDATION ALSO GRANTED $560,000 TO TMH FROM ITS UNRESTRICTED NET ASSETS TO HELP FUND RESEARCH PROGRAMS AND RECRUITMENT IN TMH'S CENTERS FOR BEHAVIORAL AND PREVENTIVE MEDICINE (THE CENTER), INCLUDING: (1) GENERAL SUPPORT; (2) THE DEVELOPMENT OF TMH CENTER OF EXCELLENCE IN MYCOBACTERIAL DISEASES ; AND (3) HIV AND STD PREVENTION. THE CENTER'S MISSION IS TO: CONDUCT INNOVATIVE RESEARCH INVOLVING INTERDISCIPLINARY BEHAVIORAL APPROACHES TO THE PREVENTION AND TREATMENT OF DISEASE; TRAIN THE NEXT GENERATION OF LEADING SCIENTISTS IN BEHAVIORAL AND PREVENTIVE MEDICINE RESEARCH; AND SERVE AS A FOCAL POINT FOR RESEARCH, TRAINING, AND EDUCATION AT THE WARREN ALPERT MEDICAL SCHOOL OF BROWN UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Almon Hall
Treasurer
$0
Deborah G Jaffe
Secretary
$0
Susan H Kaplan
Chair
$0
Mary A Wakefield
Evp/cfo- 6/21
$0
Maria P Ducharme
President
$0
Arthur J Sampson
Pres.- 12/20
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$540,994
Related organizations$58,163
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,367,795
Noncash contributions included in lines 1a–1f $68,955
Total Revenue from Contributions, Gifts, Grants & Similar$2,966,952
Total Program Service Revenue$0
Investment income $1,024,703
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,035,639
Net Income from Fundraising Events -$97,451
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,929,843

Grants Awarded

Over the last fiscal year, Miriam Hospital Foundation has awarded $3,392,149 in support to 2 organizations.

Grant RecipientAmount

THE MIRIAM HOSPITAL

Org PageRecipient Profile

Providence, RI

PURPOSE: Philanthropy

$3,100,740

Providence, RI

PURPOSE: Shared Chairs- See Schedule O

$291,409
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Miriam Hospital Foundation has recieved totaling $325,743.

Awarding OrganizationAmount
Combined Townsend Fund

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$322,243
Schein Family Foundation

Palm Beach Gardens, FL

PURPOSE: GENERAL USE

$3,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$59,841,847
Earnings$12,753,286
Admin Expense$7,426
Net Contributions$2,273,298
Other Expense$133,407
Grants$3,392,149
Ending Balance$71,335,449

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