Scott & White Healthcare Foundation
- Assets
- $146.2m
- Revenue
- $25.2m
- Investments
- $116.9k
- Employees
- 20
- Location
- Dallas, TX
- Founding
- 11/2010
- Data as of
- 06/2022
- EIN
- 27-3513154
Organization Overview
Scott & White Healthcare Foundation, operating under the name Baylor Scott & White-Central Texas Foundation, is located in Dallas, TX. The organization was established in 2010. 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 06/2022, Baylor Scott & White-Central Texas Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baylor Scott & White-Central Texas 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 06/2022, Baylor Scott & White-Central Texas Foundation generated $25.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $17.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Baylor Scott & White-Central Texas Foundation has awarded 88 individual grants totaling $208,979,687. 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
TO ESTABLISH RELATIONSHIPS AND DEVELOP AN UNDERSTANDING OF AND A BELIEF IN BAYLOR SCOTT & WHITE'S MISSIONS AND VISION IN ORDER TO OBTAIN PHILANTHROPIC FINANCIAL RESOURCES TO MEET THE NEEDS OF THE NETWORK OF CLINICS, ACUTE CARE HOSPITALS AND RELATED HEALTH CARE ENTITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OSCOTT & WHITE HEALTHCARE FOUNDATION DBA BAYLOR SCOTT & WHITE-CENTRAL TEXAS FOUNDATION (FOUNDATION) RAISES AND MANAGES CHARITABLE FUNDS TO SUPPORT BAYLOR SCOTT & WHITE HEALTH AND ITS CHARITABLE AFFILIATES. ESTABLISHED AS A NONPROFIT ORGANIZATION EXEMPT UNDER 501(C)(3) ON JULY 22, 2010, THE FOUNDATION HAS DISTRIBUTED MORE THAN $300 MILLION TO BAYLOR SCOTT & WHITE HEALTH, HELPING THE HEALTHCARE SYSTEM ACHIEVE ITS MISSION OF SERVING ALL PEOPLE BY PROMOTING THE WELL-BEING OF ALL INDIVIDUALS, FAMILIES AND COMMUNITIES. OUR GENEROUS DONORS ARE PHILANTHROPIC PARTNERS WHO BELIEVE IN BAYLOR SCOTT & WHITE'S MISSION, PROVIDING SUPPORT TO ENHANCE SPECIALTY CARE SERVICES, IMPROVE ACCESS TO PRIMARY CARE, AND ADVANCE MEDICAL TECHNOLOGY THROUGH INNOVATION. SIGNIFICANT SUPPORT FROM THE FOUNDATION EQUIPS BAYLOR SCOTT & WHITE HEALTH TO EMBRACE NEW CHANGES, CONTINUE TO EXCEL IN THE DELIVERY OF QUALITY SERVICES TO ITS PATIENTS, AND DEVELOP NEW MODELS OF CARE TO MEET THE NEEDS OF A GROWING POPULATION. THROUGH THE SUPPORT OF GENEROUS DONORS, THE FOUNDATION IS HELPING BAYLOR SCOTT & WHITE HEALTH IMPROVE LIVES IN CENTRAL TEXAS AND BEYOND IN MANY TANGIBLE, LASTING WAYS. DURING THE FISCAL YEAR, THE FOUNDATION DISTRIBUTED MORE THAN $13 MILLION FOR PRIORITY PROGRAMS AND INITIATIVES ACROSS BAYLOR SCOTT & WHITE HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Cermak Former Officer | 0 | $0 | |
Timothy Bittenbinder MD Director | Trustee | 1 | $0 |
Carrol Aulbaugh Former Officer | 0 | $0 | |
Robin W Watson MD Director | Trustee | 1 | $0 |
Mark Montgomery MD Director | Trustee | 1 | $0 |
Michael D Reis MD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Praevius Group Inc Consulting & Support Services | 6/29/19 | $134,000 |
Presentation Design Group Llc Fabrication & Digital Reconfiguration | 6/29/19 | $112,841 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $573,545 |
| Related organizations | $3,938,023 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,349,500 |
| Noncash contributions included in lines 1a–1f | $1,823,364 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,861,068 |
| Total Program Service Revenue | $0 |
| Investment income | $2,206,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $567,392 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,686,337 |
| Net Income from Fundraising Events | -$108,091 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,212,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,277,233 |
| 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. | $695,492 |
| Compensation of current officers, directors, key employees. | $305,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,667,039 |
| Pension plan accruals and contributions | $65,276 |
| Other employee benefits | $132,145 |
| Payroll taxes | $142,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $675 |
| Fees for services: Accounting | $37,784 |
| Fees for services: Lobbying | $767 |
| Fees for services: Fundraising | $133,807 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $588,397 |
| Advertising and promotion | $3,639 |
| Office expenses | $118,221 |
| Information technology | $181,201 |
| Royalties | $0 |
| Occupancy | $39,635 |
| Travel | $6,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,830 |
| Insurance | $2,523 |
| All other expenses | $6,269 |
| Total functional expenses | $17,271,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,598,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,558,875 |
| Accounts receivable, net | $225,464 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,908,709 |
| Investments—publicly traded securities | $116,834,264 |
| Investments—other securities | $116,883 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $146,242,648 |
| Accounts payable and accrued expenses | $1,156,703 |
| 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 | $1,379,015 |
| Total liabilities | $2,535,718 |
| Net assets without donor restrictions | $18,808,156 |
| Net assets with donor restrictions | $124,898,774 |
| 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 | $146,242,648 |
Grants Awarded
Over the last fiscal year, Scott & White Healthcare Foundation has awarded $13,273,717 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SCOTT & WHITE MEMORIAL HOSPITAL PURPOSE: Medical research,education and other patient programs and services | $8,485,543 |
HILLCREST BAPTIST MEDICAL CENTER PURPOSE: Patient programs and services | $351,970 |
SCOTT & WHITE HOSPITAL-MARBLE FALLS PURPOSE: Education and other patient programs and services | $138,941 |
SCOTT & WHITE HOSPITAL-COLLEGE STATION PURPOSE: Education and other patient programs and services | $132,083 |
SCOTT & WHITE HOSPITAL-BRENHAM PURPOSE: Education and other patient programs and services | $343,220 |
BAYLOR SCOTT & WHITE HEALTH PURPOSE: Education and other patient programs and services | $1,069,480 |