Edwards Lifesciences Foundation
- Assets
- $59.2m
- Revenue
- $27.6m
- Investments
- $57.1m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-1702755
Organization Overview
Edwards Lifesciences Foundation is located in Irvine, CA. The organization was established in 2014. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edwards Lifesciences 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, Edwards Lifesciences Foundation generated $27.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 71.9% each year . All expenses for the organization totaled $11.1m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 4 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.
Since 2020, Edwards Lifesciences Foundation has awarded 3,176 individual grants totaling $29,088,753. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVEVERY HEARTBEAT MATTERS IS THE SIGNATURE PHILANTHROPIC INITIATIVE OF EDWARDS LIFESCIENCES FOUNDATION. IN 2014, WE LAUNCHED EVERY HEARTBEAT MATTERS, AND BY 2020, THIS COMMUNITY OF CHARITABLE PARTNERS HAD IMPACTED OVER 1.7 MILLION UNDERSERVED PEOPLE, SURPASSING THE INITIAL GOAL OF 1 MILLION. NOW, WE ARE WORKING TOWARDS A NEW EVERY HEARTBEAT MATTERS GOAL: WE WILL IMPROVE THE LIVES OF 2.5 MILLION ADDITIONAL UNDERSERVED STRUCTURAL HEART AND CRITICAL CARE PATIENTS BY THE END OF 2025. TO DRIVE THIS GOAL, WE FUND IMPACTFUL CARDIAC AND PATIENT CENTRIC CHARITABLE PARTNERS, BUT ALSO INVEST IN CREATING A CLOSE-KNIT GLOBAL COMMUNITY THAT EMPOWERS PEOPLE AND ORGANIZATIONS TO SUSTAIN AND EXPAND THEIR EFFORTS TO IMPACT STRUCTURAL HEART DISEASE AND CRITICAL CARE PATIENTS, NOT JUST TODAY, BUT LONG AFTER OUR GRANTS ARE MADE. EHM DOES THIS BY BRINGING TOGETHER THE LEADERS OF OUR CHARITABLE PARTNERS, AND TELLING THE STORIES OF THEIR WORK TO SHARE THEIR IMPACT AND INSPIRE MORE GIVING.
EDWARDS LIFESCIENCES FOUNDATION ALSO FOCUSES FUNDING ON STRENGTHENING THE COMMUNITIES WHERE EDWARDS LIVES AND WORKS SUPPORTING HUNGER, HOUSING, WORKFORCE DEVELOPMENT, EDUCATION AND OTHER BASIC NEEDS THAT OUR COMMUNITIES NEED. WE RESPOND TO THE LOCAL COMMUNITY NEED, AND PARTNER WITH ORGANIZATIONS THAT ARE MAKING A DEMONSTRATED IMPACT. AN IMPORTANT PART OF OUR SUPPORT FOR THESE COMMUNITY-BASED CHARITIES IS GOING BEYOND OUR GRANT FUNDING AND LAYERING IN ADDITIONAL SUPPORT AS WE CAN. FOR EXAMPLE, OUR FOUNDATION HOSTS NONPROFITS ORGANIZATIONS AND COLLABORATIVE CONVENINGS FOR NONPROFIT LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda C Fowler Executive Director | 32 | $0 | |
Dirksen Lehman Chairman | 1 | $0 | |
Bernard Zovighian Director | 1 | $0 | |
Mark Wilterding Treasurer | 1 | $0 | |
Linda Park Secretary | 1 | $0 | |
Daveen Chopra Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,469,865 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,037,458 |
| Capital Gain Net Income | $26,037,458 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $82,579 |
| Total Revenue | $27,589,902 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $53,156 |
| Printing and publications | $0 |
| Other expenses | $157,799 |
| Total operating and administrative expenses | $1,292,042 |
| Contributions, gifts, grants paid | $9,827,602 |
| Total expenses and disbursements | $11,119,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,806 |
| Savings and temporary cash investments | $1,750,993 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,562 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,902,951 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $26,934 |
| Total assets | $59,215,487 |
| Accounts payable and accrued expenses | $247,640 |
| Grants payable | $873,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,120,640 |
Grants Awarded
Over the last fiscal year, Edwards Lifesciences Foundation has awarded $10,575,034 in support to 211 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY ORANGE COUNTY PURPOSE: 2022 ANNUAL CAMPAIGN MATCH | $155,790 |
CHARITIES AID FOUNDATION AMERICA PURPOSE: HEART HEALTH PROGRAMS | $1,448,505 |
STANFORD MEDICINE PURPOSE: STANFORD BIODESIGN | $1,000,000 |
MATCHING GIFTS PURPOSE: EMPLOYEE MATCHING GIFT | $621,920 |
THE THORACIC SURGERY FOUNDATION PURPOSE: 2023 TSF EVERY HEARTBEAT MATTERS AWARDS | $500,000 |
SCHOLARSHIP AMERICA PURPOSE: EDWARDS LIFESCIENCES SCHOLARSHIP PROGRAM | $105,907 |