Vassar Brothers Hospital Foundation

Organization Overview

Vassar Brothers Hospital Foundation is located in Poughkeepsie, NY. The organization was established in 1991. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Vassar Brothers 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, Vassar Brothers Hospital Foundation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $8.6m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FUNDRAISING FOR THE HOSPITAL AND AFFILIATE'S BENEFIT

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION FOR VBMC SOLICITS, RECEIVES AND ADMINISTERS FUNDS WHICH ARE PROVIDED BY THE GENERAL PUBLIC FOR THE BENEFIT OF VASSAR BROTHERS MEDICAL CENTER AND ITS CHARITABLE AFFILIATES.


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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$2,316,538
Noncash contributions included in lines 1a–1f $67,956
Total Revenue from Contributions, Gifts, Grants & Similar$2,316,538
Total Program Service Revenue$0
Investment income $1,735,252
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,051,790

Grants Awarded

Over the last fiscal year, Vassar Brothers Hospital Foundation has awarded $6,667,559 in support to 3 organizations.

Grant RecipientAmount

VASSAR BROTHERS MEDICAL CENTER

Org PageRecipient Profile

Poughkeepsie, NY

PURPOSE: OPERATIONAL SUPPORT

$6,642,460

Danbury, CT

PURPOSE: OPERATIONAL SUPPORT

$19,099

NUVANCE HEALTH MEDICAL PRACTICE PC

Org PageRecipient Profile

Lagrangeville, NY

PURPOSE: OPERATIONAL SUPPORT

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Vassar Brothers Hospital Foundation has recieved totaling $183,743.

Awarding OrganizationAmount
Community Foundations Of The Hudson Valley

Poughkeepsie, NY

PURPOSE: HEALTH CARE

$107,393
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$69,350
Herbert H Redl Family Foundation

Poughkeepsie, NY

PURPOSE: GENERAL SUPPORT

$5,000
George T Whalen Jr Foundation Inc

Millbrook, NY

PURPOSE: GENERAL OPERATIONS

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$448,429
Earnings$48,379
Net Contributions$100,000
Ending Balance$596,808

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