Southampton Hospital Foundation Inc

Organization Overview

Southampton Hospital Foundation Inc is located in Southampton, NY. The organization was established in 1999. 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. Southampton Hospital 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 12/2023, Southampton Hospital Foundation Inc generated $17.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $21.4m during the year ending 12/2023. While expenses have increased by 26.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO HEIGHTEN AWARENESS, PROMOTE GOODWILL AND MAXIMIZE PRIVATE PHILANTHROPY TO ADVANCE AND STRENGTHEN THE MISSION AND VISION OF STONY BROOK SOUTHAMPTON HOSPITAL AS WELL AS SOUTHAMPTON HOSPITALASSOCIATION, A RELATED 501(C)(3) ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OSOUTHAMPTON HOSPITAL FOUNDATION IS THE FUND-RAISING ORGANIZATION OF THE SOUTHAMPTON HOSPITAL ASSOCIATION. A SEPARATE, NOT-FOR-PROFIT CORPORATION, THE FOUNDATION SEEKS TO HEIGHTEN AWARENESS AND MAXIMIZE PRIVATE PHILANTHROPY TO ADVANCE AND STRENGTHEN THE MISSION AND VISION OF STONY BROOK SOUTHAMPTON HOSPITAL.IN CALENDAR YEAR 2023, THE FOUNDATION RAISED A TOTAL OF $17,805,754 IN CASH AND PLEDGES, FROM PRIVATE FOUNDATIONS, BUSINESSES, AND INDIVIDUALS IN SUPPORT OF STONY BROOK SOUTHAMPTON HOSPITAL'S GENERAL AND RESTRICTED PURPOSES. OF THIS TOTAL, $17,805,754 WERE CASH CONTRIBUTIONS. CONTRIBUTIONS ARE USED TO SUPPORT GENERAL OPERATING NEEDS AS WELL AS A RANGE OF SPECIFIC CLINICAL PROGRAMS AND SERVICES, MEDICAL TECHNOLOGY, AND EQUIPMENT AS WELL AS UNCOMPENSATED CARE AND SUPPORT SERVICES FOR VULNERABLE POPULATIONS.THE FOUNDATION RAISES FUNDS THROUGH A BROAD ARRAY OF FUNDRAISING ACTIVITIES INCLUDING SPECIAL EVENTS, GRANTS, DIRECT MAIL, CAPITAL CAMPAIGNS, PLANNED GIFTS, MAJOR GIFT SOLICITATIONS AND SOCIAL NETWORKING. THE FOUNDATION ALSO COLLABORATES WITH LOCAL AND REGIONAL COMMUNITY AND FRATERNAL ORGANIZATIONS TO RAISE FUNDS TO ADVANCE THE MISSION OF STONY BROOK SOUTHAMPTON HOSPITAL.IN 2023, IN ADDITION TO UNRESTRICTED FUNDS, THE FOUNDATION UNDERTOOK FUND RAISING INITIATIVES IN SUPPORT OF KEY CLINICAL INITIATIVES THAT WERE SUPPORTIVE OF THE HOSPITAL'S STRATEGIC PLAN. THESE CLINICAL INITIATIVES INCLUDED THE PAULSON FAMILY EMERGENCY DEPARTMENT, THE AUDREY AND MARTIN GRUSS HEART & STROKE CENTER, THE ED & PHYLLIS DAVIS WELLNESS INSTITUTE, THE ELLEN HERMANSON BREAST CENTER, THE KATHLEEN D. ALLEN MATERNITY CENTER, THE EDIE WINDSOR HEALTHCARE CENTER, THE REGIONAL TICK-BORNE DISEASE RESOURCE CENTER, AND THE PHILLIPS FAMILY CANCER CENTER. THE FOUNDATION ALSO PLANNED AND IMPLEMENTED ITS 65TH ANNUAL SUMMER PARTY THE OBJECTIVE OF WHICH IS TO HEIGHTEN AWARENESS OF AND RAISE FUNDS IN SUPPORT OF THE HOSPITAL'S NEEDS. IN 2023, SOUTHAMPTON HOSPITAL FOUNDATION PARTNERED WITH THE ELLEN P. HERMANSON FOUNDATION TO RAISE FUNDS ON BEHALF OF A BROAD SPECTRUM OF NEEDS RELATED TO WOMEN WITH BREAST CANCER. FUND RAISING INITIATIVES RESULTED IN THE PURCHASE OF MEDICAL EQUIPMENT AND TECHNOLOGY AND FUNDED SUPPORT SERVICES. ADDITIONALLY, WE COLLABORATED WITH INDIVIDUALS AND ORGANIZATIONS TO RAISE FUNDS FOR OUR REGIONAL TICK-BORNE DISEASE RESOURCE CENTER, CENTER FOR PARKINSON'S DISEASE, AND PALLIATIVE CARE PROGRAMS. FINALLY, WE CONTINUED TO PLAN FOR A MAJOR CAPITAL CAMPAIGN IN SUPPORT OF A NEW, STATE-OF-THE-ART COMMUNITY HOSPITAL.IN 2023 LAUNCHED THE QUIET PHASE OF A MAJOR CAPITAL CAMPAIGN TO BUILD A NEW STONY BROOK SOUTHAMPTON HOSPITAL.


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Board, Officers & Key Employees

Name (title)Compensation
Howard M Lorber
Chairman
$0
Gilbert W Harrison
Treasurer
$0
Jean Remmel Little
Secretary
$0
Paul C Brennan
Trustee
$0
John M Hadlock ESQ
Trustee
$0
FR Alex Karloutsos
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,316,313
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$15,136,420
Noncash contributions included in lines 1a–1f $548,864
Total Revenue from Contributions, Gifts, Grants & Similar$17,452,733
Total Program Service Revenue$0
Investment income $479,471
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $271,016
Net Income from Fundraising Events -$477,302
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,725,918

Grants Awarded

Over the last fiscal year, Southampton Hospital Foundation Inc has awarded $19,415,592 in support to 2 organizations.

Grant RecipientAmount

STONY BROOK SOUTHAMPTON HOSPITAL

PURPOSE: GENERAL SUPPORT

$2,623,471

SOUTHAMPTON HOSPITAL ASSOCIATION

PURPOSE: GENERAL SUPPORT

$16,792,121
View Grant Profile

Peer Organizations

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The Childrens Hospital Of Buffalo Foundation
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Danbury Hospital & New Milford Hospital Foundation Inc
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New York State Health Foundation
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Agma Health Fund
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Integrinurse Inc
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