Northwell Health Foundation

Organization Overview

Northwell Health Foundation is located in Westbury, NY. The organization was established in 1994. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Northwell Health Foundation employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwell 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, Northwell Health Foundation generated $139.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $78.4m during the year ending 12/2021. While expenses have increased by 4.7% 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, Northwell Health Foundation has awarded 78 individual grants totaling $406,797,824. 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

FOUNDATION'S MISSION IS TO SOLICIT, RECEIVE AND ADMINISTER FUNDS TO BE USED FOR MAJOR MODERNIZATION AND OTHER HEALTH CARE RELATED SERVICES FOR NORTHWELL HEALTH, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION RAISES FUNDS IN SUPPORT OF NORTHWELL HEALTH, INCLUDING GIFTS, FOR THE EXPANSION, MODERNIZATION, AND MEDICAL CARE FOR THE AFFILIATED HEALTH CARE ORGANIZATIONS WITHIN NORTHWELL HEALTH. THE PHILANTHROPY ENABLES NORTHWELL TO INNOVATE IN THE ADVANCEMENT OF HEALTH CARE STANDARDS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Merkle Inc
Marketing
$3,410,138
Horizon Media Inc
Advertising
$602,976
Shadow Box Design Management
Event Planning
$555,060
First Protocol Inc
Event Planning
$421,796
Lawrence Scott Events Ltd
Event Planning
$419,800
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$7,677,115
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$120,325,688
Noncash contributions included in lines 1a–1f $5,426,105
Total Revenue from Contributions, Gifts, Grants & Similar$128,002,803
Total Program Service Revenue$0
Investment income $997,558
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $22,537
Net Gain/Loss on Asset Sales $12,011,810
Net Income from Fundraising Events -$1,345,611
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $139,689,097

Grants Awarded

Over the last fiscal year, Northwell Health Foundation has awarded $51,331,915 in support to 9 organizations.

Grant RecipientAmount

FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH

Org PageRecipient Profile

Westbury, NY

PURPOSE: GENERAL SUPPORT

$19,984,065

LONG ISLAND JEWISH MEDICAL CENTER

Org PageRecipient Profile

Westbury, NY

PURPOSE: GENERAL SUPPORT

$10,349,354

LENOX HILL HOSPITAL

Org PageRecipient Profile

Westbury, NY

PURPOSE: GENERAL SUPPORT

$9,674,308

NORTH SHORE UNIVERSITY HOSPITAL

Org PageRecipient Profile

Westbury, NY

PURPOSE: GENERAL SUPPORT

$5,948,473

NORTHWELL HEALTHCARE INC

Org PageRecipient Profile

Westbury, NY

PURPOSE: GENERAL SUPPORT

$3,675,030

SOUTH SHORE UNIVERSITY HOSPITAL

Org PageRecipient Profile

Westbury, NY

PURPOSE: GENERAL SUPPORT

$1,165,054
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Northwell Health Foundation has recieved totaling $500.

Awarding OrganizationAmount
Wolf & Company Charitable Foundation Inc

Boston, MA

PURPOSE: EXEMPT PURPOSE

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$167,040,775
Earnings$11,507,677
Net Contributions$19,956,805
Other Expense$3,932,619
Ending Balance$194,572,638

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