Akron Childrens Hospital Foundation

Organization Overview

Akron Childrens Hospital Foundation is located in Akron, OH. The organization was established in 1971. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Akron Childrens Hospital Foundation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akron Childrens 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 12/2023, Akron Childrens Hospital Foundation generated $44.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $18.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Akron Childrens Hospital Foundation has awarded 20 individual grants totaling $122,082,766. 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

AKRON CHILDREN'S HOSPITAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON. ITS PURPOSE IS TO SOLICIT GIFT FROM DONORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE AKRON CHILDREN'S HOSPITAL FOUNDATION WORKS TO ENSURE THAT THE HOSPITAL (CHMCA) CAN CONTINUE TO UPHOLD ITS THREE PROMISES: 1) TO TREAT EVERY CHILD AS WE WOULD OUR OWN 2) TO TREAT OTHERS AS THEY WOULD LIKE TO BE TREATED 3) TURN NO CHILD AWAY. DURING 2023, $12,729,806 FOUNDATION FUNDS WERE USED BY CHMCA TO SUPPORT ITS MISSION. THESE FOUNDATION FUNDS SUPPORTED NUMEROUS PROGRAMS WITHIN THE HOSPITAL SUCH AS HEMATOLOGY/ONCOLOGY, BEHAVIORAL HEALTH, PALLIATIVE CARE, RESEARCH AND EDUCATION, THE REGIONAL BURN CENTER, SAFETY AND INJURY PREVENTION, CHILD ADVOCACY, NEONATAL, PEDIATRICS, TELE-HEALTH, AND OTHER PROGRAMS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$143,361
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$18,651,689
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$18,795,050
Total Program Service Revenue$0
Investment income $3,407,871
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $22,324,874
Net Income from Fundraising Events -$20,138
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $44,507,657

Grants Awarded

Over the last fiscal year, Akron Childrens Hospital Foundation has awarded $12,729,806 in support to 2 organizations.

Grant RecipientAmount

CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON

PURPOSE: PATIENT CARE NEEDS

$8,563,711

CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON

PURPOSE: CAPITAL SUPPORT

$4,166,095
View Grant Profile

Peer Organizations

Organization NameAssets
Ufcw Local 1776 & Participating Employers Health & Welfare Fund
Plymouth Meeting, PA
$73,857,853
Ibew Local Union No 347 Health & Welfare Fund
Troy, MI
$38,318,132
Childrens Hospital Pittsburgh Foundation
Pittsburgh, PA
$48,355,470
Steamfitters Local 449 Medical & Benefit Fund
Harmony, PA
$33,756,431
International Brotherhood Of Elec Workers 683 Health & Welfare Fund
Lansing, MI
$43,663,967
Indiana University Health Foundation Inc
Indianapolis, IN
$33,271,162
Caresource
Dayton, OH
$360,633,144
The Erm Group Health & Welfare Trust
Malvern, PA
$29,217,705
Geisinger Health
Danville, PA
$93,271,726
Marshall Health Network Inc
Huntington, WV
$22,349,221
Indiana Jefferson Radiation Oncology Inc
Indiana, PA
$29,413,524
Carpenters Health Fund Of West Virginia
Ona, WV
$21,272,861
Alyeska Pipeline Service Company Health And Welfare Benefits Trust
Pittsburgh, PA
$22,108,850
Apis Services Inc
Reading, PA
$19,706,617
Lankenau Medical Center Foundation
Wynnewood, PA
$30,503,585
Michiana Area Electrical Workers Health & Welfare Fund
Lansing, MI
$22,286,467
Ohio Bricklayers Health And Welfare Fund
Troy, MI
$18,334,650
Akron Childrens Hospital Foundation
Akron, OH
$44,507,657
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem
Lexington, KY
$20,699,070
Frank Messer & Sons Construction Co Health Care Trust Agreement
Cincinnati, OH
$18,579,473
Henry Ford Health System Foundation
Detroit, MI
$32,010,107
Indiana Health Information Exchange Inc
Indianapolis, IN
$17,816,496
Jhsi Inc
Cincinnati, OH
$11,934,726
Bethesda Inc
Cincinnati, OH
-$2,753,744
Childrens Hospital Of Michigan Foundation
Detroit, MI
$11,546,203

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