Beaumont Health Foundation

Organization Overview

Beaumont Health Foundation is located in Grand Rapids, MI. The organization was established in 2017. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Beaumont Health 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 12/2022, Beaumont Health Foundation generated $35.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $29.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Beaumont Health Foundation has awarded 18 individual grants totaling $80,668,141. 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 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE BEAUMONT HEALTH FOUNDATION EXISTS EXCLUSIVELY FOR THE PURPOSE OF SECURING PHILANTHROPIC GIFTS

Describe the Organization's Program Activity:

THE BEAUMONT FOUNDATION EXISTS EXCLUSIVELY FOR THE PURPOSE OF SECURING PHILANTHROPIC GIFTS AND GRANTS TO FURTHER THE CHARITABLE PURPOSES OF BEAUMONT HEALTH, TO ADVANCE HIGH QUALITY HEALTH CARE FOR THE BENEFIT OF ALL MEMBERS OF THE COMMUNITIES IT SERVES AND TO SUPPORT BEAUMONT HEALTH'S NONPROFIT MISSION TO PROVIDE COMPASSIONATE, EXTRAORDINARY CARE EVERY DAY.


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Financial Statements

Statement of Revenue
Federated campaigns$3,257,634
Membership dues$0
Fundraising events$1,900,531
Related organizations$0
Government grants $499,795
All other contributions, gifts, grants, and similar amounts not included above$31,181,670
Noncash contributions included in lines 1a–1f $738,321
Total Revenue from Contributions, Gifts, Grants & Similar$36,839,630
Total Program Service Revenue$0
Investment income $40
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$1,150,181
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $35,689,489

Grants Awarded

Over the last fiscal year, Beaumont Health Foundation has awarded $15,741,160 in support to 3 organizations.

Grant RecipientAmount

WILLIAM BEAUMONT HOSPITAL

PURPOSE: GENERAL ASSISTANCE

$11,582,044

OAKWOOD HEALTHCARE INC

PURPOSE: GENERAL ASSISTANCE

$4,110,489

BOTSFORD GENERAL HOSPITAL

PURPOSE: GENERAL ASSISTANCE

$48,627
View Grant Profile

Peer Organizations

Organization NameAssets
Lakeland Hospitals At Niles And St Joseph Inc
Saint Joseph, MI
$126,281,999
Beaumont Health
Southfield, MI
$92,521,029
Mymichigan Health
Midland, MI
$343,130,388
Promedica Coldwater Regional Hospital
Toledo, OH
$77,431,587
Aultman Health Foundation
Canton, OH
$85,032,768
Avita Health System
Galion, OH
$83,564,680
Promedica Continuum Services
Toledo, OH
$66,631,454
Sparrow Ionia Hospital
Ionia, MI
$69,405,348
Saginaw Cooperative Hospitals Inc
Saginaw, MI
$54,785,613
Mackinac Straits Health System Inc
St Ignace, MI
$58,908,352
Muskingum Valley Health Centers
Zanesville, OH
$46,686,574
Beaumont Health Foundation
Grand Rapids, MI
$35,689,489
Beaumont Medical Group - Primary Care Services
Southfield, MI
$41,406,256
Ohio North East Health Systems Inc
Youngstown, OH
$22,422,429
Central Ohio Health Care Consortium
Granville, OH
$23,474,410
College For Healthcare Information Management Executives
Ann Arbor, MI
$18,993,635
University Hospitals Health System Inc
Shaker Heights, OH
$12,516,098
St Camillus Health System Inc
Wauwatosa, WI
$20,184,725
The Wellness Plan
Detroit, MI
$20,076,306
Bronson Nursing And Rehabilitation Center
Kalamazoo, MI
$15,111,096
Milwaukee Regional Medical Center Inc
Milwaukee, WI
$13,480,233
North Central Health Services Inc
West Lafayette, IN
$65,454,732
Fisher Titus Health
Norwalk, OH
$11,109,531
Spectrum Health Systems
Watervliet, MI
$12,221,402
St Croix Valley Shared Services Inc
Baldwin, WI
$9,653,818

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