The Patrick And Catherine Donaghue Medical Research Foundation
- Assets
- $73.1m
- Revenue
- $1.4m
- Investments
- $70.4m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 06-6348275
Organization Overview
The Patrick And Catherine Donaghue Medical Research Foundation is located in West Hartford, CT. The organization was established in 1992. 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. Patrick And Catherine Donaghue Medical Research 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 12/2022, Patrick And Catherine Donaghue Medical Research Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Patrick And Catherine Donaghue Medical Research Foundation has awarded 290 individual grants totaling $34,827,401. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONNECTICUT CHOOSING WISELY COLLABORATIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Na Trustee | 1 | $304,028 | |
Stacy Cloud President | 40 | $135,000 | |
Lynne Garner Trustee | 5 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,000,903 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$764,398 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $154,623 |
| Total Revenue | $1,391,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $459,028 |
| Other employee salaries and wages | $101,650 |
| Pension plans, employee benefits | $62,257 |
| Interest | $0 |
| Taxes | $317,141 |
| Depreciation | $1,426 |
| Occupancy | $54,473 |
| Travel, conferences, and meetings | $8,165 |
| Printing and publications | $13,754 |
| Other expenses | $42,072 |
| Total operating and administrative expenses | $1,221,419 |
| Contributions, gifts, grants paid | $2,718,082 |
| Total expenses and disbursements | $3,939,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,461 |
| Savings and temporary cash investments | $2,648,287 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,648,468 |
| Net Land, buildings, and equipment | $4,538 |
| Other assets | $0 |
| Total assets | $73,052,704 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Patrick And Catherine Donaghue Medical Research Foundation has awarded $3,699,888 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
PORTLAND STATE UNIVERSITY PURPOSE: MULTIPLE VIEWS OF QUALITY IN LONG-TERM CARE | $98,261 |
THE HASTINGS CENTER PURPOSE: EXPANDED ETHICS SCHOLARSHIP & ENGAGEMENT WITH TARGETED PUBLICS | $160,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: REDUCING OVERUSE OF RESPIRATORY CULTURES AND ANTIBIOTIC USE IN MECHANICALLY VENTILATED CHILDREN ACROSS A NATIONAL PEDIATRIC CRITICAL CARE COLLABORATIVE | $220,879 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: ACCELERATING DE-ADOPTION OF LOW-VALUE CARE FOR OLDER SURGICAL PATIENTS THROUGH BEHAVIORAL ECONOMICS AND PATIENT EMPOWERMENT | $219,778 |
NEW YORK UNIVERSITY SCHOOL OF MEDICINE PURPOSE: INCREASING VALUE THROUGH OPTIMIZED CATARACT SURGICAL CARE PATHWAYS AND SUPPLY | $223,006 |
BOSTON MEDICAL CENTER PURPOSE: COST-EFFECTIVENESS AND CLINICAL OUTCOMES OF LIVER DISEASE STAGING EVALUATIONS IN CHRONIC HEPATITIS C VIRUS (HCV) INFECTION: STRATEGIES TO INCREASE HEPATITIS C TREATMENT ACCESS AND ACHIEVE HCV ELIMINATION | $219,999 |