Point32health Foundation Inc
- Assets
- $108.8m
- Revenue
- -$10.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, MA
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 26-1374263
Organization Overview
Point32health Foundation Inc is located in Canton, MA. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Point32health 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.
Since 2014, Point32health Foundation Inc has awarded 1,000 individual grants totaling $42,593,378. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
POINT32HEALTH FOUNDATION WORKS WITH COMMUNITIES TO SUPPORT, ADVOCATE AND ADVANCE HEALTHIER LIVES FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPACITY-BUILDING GRANTS CAPACITY-BUILDING GRANTS INVEST IN NONPROFIT ORGANIZATIONS AND COMMUNITY-LED SOLUTIONS THAT ADDRESS SYSTEMIC INEQUITIES IN CONNECTICUT, MAINE, MASSACHUSETTS, NEW HAMPSHIRE AND RHODE ISLAND.
CORPORATE CITIZENSHIP (WORKPLACE GIVING/SPONSORSHIPS) IN 2022, THE POINT32HEALTH FAMILY OF COMPANIES, PARTICIPATED IN CORPORATE CITIZENSHIP ACTIVITIES. THIS INCLUDED FOUNDATION INVESTMENTS IN COMMUNITY THROUGH GRANTS AND SPONSORSHIPS, A MATCH PROGRAM THAT SUPPORTS INDIVIDUAL VOLUNTEERING AND/OR FINANCIAL CONTRIBUTIONS TO QUALIFIED NON-PROFIT ORGANIZATIONS UP TO $500 ANNUALLY FOR EACH EMPLOYEE AND UP TO $5,000 ANNUALLY FOR MEMBERS OF POINT32HEALTH AND FOUNDATION BOARDS OF DIRECTORS. DONATIONS MADE ON #GIVINGTUESDAY ARE MATCHED TWO-FOR-ONE. ADDITIONALLY, THE FOUNDATION MATCHES UP TO $5,000 ANNUALLY FOR EMPLOYEES AT THE DIRECTOR-LEVEL AND ABOVE WHO SERVE ON BOARDS AND OFFERS EMPLOYEES UP TO THE MANAGER LEVEL AN OPPORTUNITY TO DRIECT A MINI GRANT UP TO $300. A MATCH INCENTIVE FOR TEAM-BASED VOLUNTEERING ENCOURAGES SERVICE TO COMMUNITY. ADDITIONALLY, THE FOUNDATION OFFERS SPECIAL MATCH PROGRAMS TO SUPPORT ORGANIZATIONS ADVANCING RACIAL AND SOCIAL JUSTICE, DISASTER RESPONSE AND RELIEF EFFORTS, AND FUNDRAISING PROGRAMS SUCH AS THE WALK TO END ALZHEIMER'S AND NAMI WALKS (TO SUPPORT THE NATIONAL ALLIANCE ON MENTAL ILLNESS). THE CORPORATE CITIZENSHIP PROGRAM SUPPORTS A COMPANY-WIDE VOLUNTEER WEEK, VOLUNTEER SERVICE OPPORTUNITIES THROUGHOUT THE YEAR, AND DRIVES ADDRESSING KEY SOCIAL AND ECONOMIC FACTORS AFFECTING HEALTH (THE SOCIAL DETERMINANTS OF HEALTH): FOOD, HOUSING AND ECONOMIC SECURITY, AND EDUCATION.
SYSTEMS & BEST PRACTICES GRANTS THE FOUNDATION SUPPORTS BEST PRACTICES AND SYSTEMIC CHANGES TO ADDRESS FOOD INSECURITY, ADVANCE MENTAL HEALTH AND ELIMINATE BARRIERS ADVERSELY AFFECTING OLDER PEOPLE. PROGRAMS CAN EXPAND, SCALE OR REPLICATE "BEST IN CLASS" COLLABORATIONS AND IDEAS THAT ADDRESS THE NEEDS IN THESE THREE AREAS. COMMUNITY ENGAGEMENT AND INPUT SHOULD BE PRIORITIZED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cain Hayes Director | Trustee | 5 | $0 |
Umesh Kurpad CFO | Officer | 5 | $0 |
Tisa Hughes Former Clerk | 0 | $0 | |
Kristin Lewis Director | Trustee | 5 | $0 |
Roland Price Treasurer | Officer | 5 | $0 |
Nora Moreno Cargie Dir; Pres Fnd & VP Corp Cship | OfficerTrustee | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | -$20,395,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,371,570 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$10,023,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,305,429 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,927 |
| Fees for services: Other | $203,806 |
| Advertising and promotion | $0 |
| Office expenses | $70,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,279 |
| All other expenses | $31,000 |
| Total functional expenses | $11,303,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,436,678 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $600,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $106,739,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $108,794,480 |
| Accounts payable and accrued expenses | $1,087,743 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $868,225 |
| Total liabilities | $1,955,968 |
| Net assets without donor restrictions | $106,838,512 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $108,794,480 |
Grants Awarded
Over the last fiscal year, Point32health Foundation Inc has awarded $8,414,053 in support to 164 organizations.
| Grant Recipient | Amount |
|---|---|
ABOUT FRESH PURPOSE: GEN OPP SUPPORT ADDRESS HEALTH EQTY | $40,000 |
ACCESSPORTAMERICA INC PURPOSE: BOARD SERV MATCH MATCHING GIFTS | $5,100 |
AGENCY ON AGING OF SOUTH CENTRAL CONNECTICUT INC PURPOSE: AGING ANSWERS | $100,000 |
AGESPAN - FORMERLY ELDER SERVICES OF THE MERRIMACK PURPOSE: MHAC/MENTAL HEALTH LGBTQ+ELDERS CONF | $176,000 |
ALLIANCE TO MOBILIZE OUR RESISTANCE PURPOSE: GEN OPP SUPPORT RACIAL JUSTICE | $25,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIAT PURPOSE: COMMTY PARTNER ALZ WALK/MATCH | $219,322 |