Agrace Hospicecare Foundation Incorporated

Organization Overview

Agrace Hospicecare Foundation Incorporated is located in Fitchburg, WI. The organization was established in 2014. 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, Agrace Hospicecare Foundation Incorporated employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agrace Hospicecare Foundation Incorporated 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, Agrace Hospicecare Foundation Incorporated generated $16.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $4.8m during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 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

THE AGRACE HOSPICECARE FOUNDATION, INC.'S MISSION IS TO DEVELOP, STEWARD AND DISTRIBUTE CHARITABLE GIFTS FROM THE COMMUNITY (CONTINUED ON SCHEDULE O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESPITE CARE: PROVIDING END-OF-LIFE CARE FOR A FAMILY MEMBER OR FRIEND CAN LEAVE CAREGIVERS FATIGUED AND STRESSED. TO GIVE THEM A BREAK OF UP TO FIVE DAYS, AGRACE OFFERS RESPITE CARE FOR HOSPICE PATIENTS. COMMUNITY GIFTS SUPPLEMENT INSURANCE REIMBURSEMENTS, WHICH COVER APPROXIMATELY 55 PERCENT OF THE TOTAL COST OF RESPITE CARE. WISH PROGRAM: THE WISH PROGRAM HELPS OUR HOSPICE PATIENTS ACHIEVE THEIR END-OF-LIFE GOALS. A WISH CAN BE SOMETHING A PATIENT COULD NOT ATTAIN DURING THEIR LIFE, SOMETHING THEY CANNOT AFFORD OR SIMPLY A FINAL DESIRE. AGRACE HAS GRANTED MORE THAN 210 PATIENT WISHES SINCE 2010. CLINICAL EDUCATION & TRAINING: IT TAKES A SPECIAL COMMITMENT TO WORK WITH PATIENTS WHO ARE SERIOUSLY ILL OR DYING. COMMUNITY DONATIONS ALLOW AGRACE TO FUND STAFF EDUCATIONAL OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT PROGRAMS, WHICH INCREASE STAFF COMPETENCE AND RETENTION. COMMUNITY DONATIONS ALSO PROVIDE SUPPORT FOR EDUCATION AND SCHOLARSHIPS FOR OUR CNAS. THESE AWARDS ENABLE EMPLOYEES TO ADVANCE IN THEIR CURRENT ROLE OR COMPLETE EDUCATION TO BECOME AN LPN OR RN. VOLUNTEER TRAINING & APPRECIATION: AGRACE'S VOLUNTEERS SERVE IN A VARIETY OF ROLES, INCLUDING DIRECT SERVICE TO PATIENTS AND FAMILIES. PALLIATIVE MEDICINE FELLOWSHIP: AGRACE IS COMMITTED TO DEVELOPING TOP-NOTCH PALLIATIVE CARE PROVIDERS IN OUR COMMUNITY. COMMUNITY GIFTS SUPPORT THE HOSPICE AND PALLIATIVE MEDICINE FELLOWSHIP, A PARTNERSHIP WITH THE UW AND VETERANS HOSPITALS; THIS PROGRAM OFFERS PALLIATIVE-CARE ROTATIONS AND CONTINUING EDUCATION OPPORTUNITIES FOR PHYSICIANS IN TRAINING. PATIENT ASSISTANCE FUND: GRANTS USED TO ASSIST PATIENTS AND FAMILIES BY IMPROVING QUALITY OF LIFE AND FULFILLING END-OF-LIFE GOALS. EXAMPLES INCLUDE BUYING A BURIAL DRESS OR PROVIDING A BIRTHDAY CAKE. DIVERSITY: FUNDS ARE USED TO SUPPORT AGRACE'S DIVERSITY, EQUITY AND INCLUSION PROGRAM. THE WORK OF THIS PROGRAM HELPS AGRACE TO GROW A MORE DIVERSE AND INCLUSIVE PATIENT POPULATION, VOLUNTEER SUPPORT TEAM AND EMPLOYEE BASE, REFLECTING THE COMMUNITIES WE SERVE. START-UP COSTS: SUPPORT FOR AGRACE TO START-UP NEW PROGRAMS TO SERVE THE COMMUNITY. IN 2023 AGRACE HOSPICECARE FOUNDATION PROVIDED SUPPORT FOR AGRACE TO START-UP THE AGRACE ADULT DAY CENTER.


CARE FOR ALL (CHARITY CARE): EACH YEAR, DOZENS OF OUR NEIGHBORS WHO CANNOT AFFORD HOSPICE, PALLIATIVE CARE, AGE AT HOME OR THE ADULT DAY CENTER RECEIVE SERVICES AT NO COST THROUGH AGRACE'S "CARE FOR ALL" PROGRAM, FUNDED BY THE CARE FOR ALL ENDOWMENT. THROUGH THE CARE FOR ALL PROGRAM, WE SERVE SOME OF OUR MOST VULNERABLE COMMUNITY MEMBERS-CHILDREN AND YOUNG ADULTS WITH NO INSURANCE, SENIORS WITHOUT CAREGIVERS, INDIVIDUALS LACKING SAFE HOUSING, AND THOSE WITH SPECIAL NEEDS. WHILE MEDICARE, MEDICAID, AND PRIVATE HEALTH INSURANCE COVER THE COST OF BASIC HOSPICE SERVICES FOR MOST PATIENTS, AN INCREASING NUMBER OF PEOPLE IN SOUTHERN WISCONSIN DO NOT HAVE ENOUGH INSURANCE COVERAGE FOR HOSPICE WHEN THEY NEED IT. SINCE 2015, AGRACE'S CARE FOR ALL PROGRAM HAS FUNDED CARE FOR OVER 500 PATIENTS, 84 OF THEM WERE SERVED IN 2023 ALONE.


COMMUNITY GRIEF SERVICES: EVERY YEAR, THOUSANDS OF PEOPLE, INCLUDING CHILDREN GET SUPPORT FROM AGRACE'S SPIRITUAL & GRIEF SERVICES TO HELP THEM COPE WITH THE DEATH OF A LOVED ONE. ALTHOUGH GRIEF SUPPORT IS REQUIRED BY STATE AND FEDERAL REGULATIONS, IT IS NOT COVERED BY MEDICARE, MEDICAID, OR PRIVATE INSURANCE. COMMUNITY DONATIONS ENABLE US TO OFFER SPECIALIZED GRIEF SUPPORT THAT IS OPEN TO EVERYONE. THE FOUNDATION ALSO SUPPORTS AGRACE'S FREE-STANDING GRIEF SUPPORT CENTER THAT HAS ALLOWED US TO EXPAND OUR PROGRAM AND SERVE MANY MORE PEOPLE.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Secretary - Until 3/2023
$0
Name Not Listed
Treasurer - Until 3/2023
$0
Name Not Listed
Chair - Until 3/2023
$0
Name Not Listed
President / CEO
$0
Name Not Listed
Chair - Beginning 4/2023; Vice Chair - Until 3/2023
$0
Name Not Listed
Secretary & Treasurer - Beginning 4/2023
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$240,811
Related organizations$6,050,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,370,478
Noncash contributions included in lines 1a–1f $243,231
Total Revenue from Contributions, Gifts, Grants & Similar$9,661,289
Total Program Service Revenue$0
Investment income $1,135,181
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,591,295
Net Income from Fundraising Events $17,280
Net Income from Gaming Activities $768
Net Income from Sales of Inventory $394,676
Miscellaneous Revenue$0
Total Revenue $16,800,489

Grants Awarded

Over the last fiscal year, Agrace Hospicecare Foundation Incorporated has awarded $2,556,199 in support to 2 organizations.

Grant RecipientAmount

AGRACE HOSPICECARE INC

PURPOSE: To provide financial support to Agrace Hospicecare, Inc.

$2,264,907

AGRACE HOSPICECARE HOLDINGS INC

PURPOSE: To provide capital contribution towards Agrace Hospicecare, Inc. project.

$291,292
View Grant Profile

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