Edwards Lifesciences Foundation
- Assets
- $84.2m
- Revenue
- $6.0m
- Investments
- $82.4m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 10/2014
- Data as of
- 12/2021
- 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 12/2021, Edwards Lifesciences Foundation generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.2% each year . All expenses for the organization totaled $11.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edwards Lifesciences Foundation has awarded 2,965 individual grants totaling $18,513,719. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 FUNDRAISERS FOR LOCAL NONPROFITS ORGANIZATIONS AND HOSTS COLLABORATIVE CONVENINGS FOR NONPROFIT LEADERS.
EVERY 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda C Fowler Executive Director | 32 | $0 | |
Michael A Mussallem President | 1 | $0 | |
Mark Wilterding Treasurer | 1 | $0 | |
Daveen Chopra Director | 1 | $0 | |
Linda Park Director/secretary | 1 | $0 | |
Scott Ullem Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,084,459 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,924,488 |
| Capital Gain Net Income | $4,924,488 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,008,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $219,996 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,156 |
| Printing and publications | $0 |
| Other expenses | $125,648 |
| Total operating and administrative expenses | $1,269,863 |
| Contributions, gifts, grants paid | $10,290,747 |
| Total expenses and disbursements | $11,560,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,660,134 |
| Savings and temporary cash investments | $28,980 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $42,271 |
| Total assets | $84,164,854 |
| Accounts payable and accrued expenses | $154,312 |
| Grants payable | $845,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $471,586 |
| Total liabilities | $1,470,898 |
Grants Awarded
Over the last fiscal year, Edwards Lifesciences Foundation has awarded $10,308,767 in support to 1,393 organizations.
| Grant Recipient | Amount |
|---|---|
Irvine, CA PURPOSE: GENERIC GRANT APPLICATION | $2,170,000 |
Chicago, IL PURPOSE: EVERY HEARTBEAT MATTERS GRANT | $340,000 |
Irvine, CA PURPOSE: GENERIC GRANT APPLICATION | $290,963 |
Beverly, MA PURPOSE: EVERY HEARTBEAT MATTERS GRANT | $255,000 |
HEART TO HEART GLOBAL CARDIAC CARE PURPOSE: EVERY HEARTBEAT MATTERS GRANT | $250,000 |
New York, NY PURPOSE: GENERIC GRANT APPLICATION | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Edwards Lifesciences Foundation has recieved totaling $53,500.
| Awarding Organization | Amount |
|---|---|
Orange County Community Foundation Newport Beach, CA PURPOSE: HUMAN SERVICES | $53,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Grantmakers Los Angeles, CA | $26,044,815 | $33,994,479 |
Philanthropic Ventures Foundation Oakland, CA | $36,414,979 | $20,169,103 |
Central Valley Community Foundation Fresno, CA | $105,414,980 | $19,266,870 |
Hispanics In Philanthropy Oakland, CA | $32,628,139 | $20,330,373 |
Women Donors Network San Francisco, CA | $11,762,739 | $21,849,859 |
Edwards Lifesciences Foundation Irvine, CA | $84,164,854 | $6,008,947 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Asian Pacific Fund San Francisco, CA | $25,769,246 | $16,047,288 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
American Muslim Community Foundation Fremont, CA | $4,272,850 | $7,338,552 |
Armenia Fund Inc Glendale, CA | $68,598,938 | $8,000,794 |