Legacy Health Foundation
- Assets
- $44.2m
- Revenue
- $8.5m
- Investments
- $43.7m
- Employees
- 0
- Location
- Portland, OR
- Founding
- 03/2015
- Data as of
- 03/2023
- EIN
- 46-5562403
Organization Overview
Legacy Health Foundation is located in Portland, OR. The organization was established in 2015. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy 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 03/2023, Legacy Health Foundation generated $8.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $2.9m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Legacy Health Foundation has awarded 33 individual grants totaling $52,287,792. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LEGACY HEALTH FOUNDATION'S MISSION IS TO FOSTER CHARITABLE GIVING AS WELL AS COMMUNITY COMMITMENT AND INVOLVEMENT TO SUPPORT THE FOUNDING PRINCIPLES, MISSION AND VISION OF LEGACY HEALTH AND PROMOTE THE HEALTH AND WELL-BEING OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT LEGACY HEALTH, WE KNOW THAT OUR LEGACY IS SOMETHING WE CREATE TOGETHER EVERY DAY. THIS IS REFLECTED IN OUR MISSION OF GOOD HEALTH FOR OUR PEOPLE, OUR PATIENTS, OUR COMMUNITIES AND OUR WORLD. WE SEE IT AS OUR FUNDAMENTAL RESPONSIBILITY TO IMPROVE THE HEALTH AND WELLNESS OF EVERYONE WE TOUCH, EMPOWERING PEOPLE TO LIVE HEALTHIER AND BETTER LIVES, AND HELPING THEM CREATE A LEGACY THAT TRULY LIVES ON. OURS IS A LEGACY OF HEALTH AND COMMUNITY, QUALITY AND INNOVATION, RESPECT AND RESPONSIBILITY.LEGACY HEALTH WAS CREATED IN 1989 THROUGH THE MERGER OF HEALTHLINK, A LOCAL FOUR-HOSPITAL SYSTEM, AND GOOD SAMARITAN HOSPITAL AND MEDICAL CENTER. OVER THE YEARS LEGACY HAS GROWN INTO THE LARGEST NONPROFIT, COMMUNITY-OWNED HEALTH SYSTEM IN THE PORTLAND/VANCOUVER AREA. TODAY, LEGACY HEALTH CONSISTS OF AN INTEGRATED NETWORK OF SIX FULL-SERVICE HOSPITALS AND MORE THAN 50 CLINICS. THE LEGACY NETWORK PROVIDES ACUTE AND CRITICAL CARE, INPATIENT AND OUTPATIENT TREATMENT, URGENT AND PRIMARY CARE, AND A VARIETY OF SPECIALTY SERVICES. AT THE HEART OF LEGACYS MISSION IS OUR COMMITMENT TO PROVIDE EXCEPTIONAL HEALTHCARE FOR ALL THOSE IN NEED. LEGACY PROVIDES ALMOST ONE-THIRD OF THE CHARITY CARE IN THE PORTLAND AREA; MORE CHARITY CARE RELATIVE TO SIZE THAN ANY OF THE LEADING HEALTH CARE ORGANIZATIONS IN THE METROPOLITAN AREA. THE LEGACY HEALTH FOUNDATION FOSTERS CHARITABLE GIVING AS WELL AS COMMUNITY COMMITMENT AND INVOLVEMENT TO SUPPORT THE FOUNDING PRINCIPLES, MISSION AND VISION OF LEGACY HEALTH AND PROMOTE THE HEALTH AND WELL-BEING OF THE COMMUNITY. CHARITABLE GIFTS TO LEGACY HEALTH FOUNDATION SUPPORT THE PROGRAMS AND SERVICES OF LEGACY HEALTH, MANY OF WHICH ARE NOT SUPPORTED BY TRADITIONAL MEANS OF REIMBURSEMENT. THE FOUNDATION ALSO RAISES AND STEWARDS FUND FOR LEGACY EMANUEL MEDICAL CENTER, LEGACY MERIDIAN PARK MEDICAL CENTER, LEGACY MOUNT HOOD MEDICAL CENTER, AND THE UNITY CENTER FOR BEHAVIORAL HEALTH. IN FISCAL YEAR 2023, PHILANTHROPIC CONTRIBUTIONS SUPPORTED PROGRAMS IN THESE MAJOR AREAS:PATIENT CARE $2,241,284 EDUCATION AND TRAINING $263,550RESEARCH $54,972 MISCELLANEOUS OTHER HOSPITAL PROGRAMS $412,058 SOME OF THE PROJECTS FUNDED IN THIS YEAR INCLUDED: SUPPORTED THERAPEUTIC SERVICES AT THE UNITY CENTER FOR BEHAVIORAL HEALTH. PROVIDED EMERGENCY MEDICATIONS, DURABLE MEDICAL EQUIPMENT, TRANSITIONAL HOUSING, AND OTHER HEALTH-RELATED SUPPLIES TO UNINSURED, UNDER-INSURED, AND LOW-INCOME PATIENTS. PROVIDED EMERGENCY FOOD SUPPORT TO PATIENTS AND FAMILIES EXPERIENCING FOOD INSECURITY. SUPPORTED INJURY PREVENTION PROGRAMS FOR THE COMMUNITY INCLUDING CHILD PASSENGER SAFETY, BIKE/SPORTS HELMETS, ELDERLY FALLS PREVENTION, AND BURN INJURY PREVENTION. SUPPORTED CONTINUING EDUCATION CLASSES AND SCHOLARSHIPS FOR LEGACY HEALTH EMPLOYEES. PROVIDED SUPPORT FOR COMMUNITY ORGANIZATIONS WORKING TO PROVIDE ACCESS AND WRAP AROUND SERVICES FOR PATIENTS. PURCHASED MEDICAL EQUIPMENT FOR LEGACY EMANUEL MEDICAL CENTER, LEGACY MERIDIAN PARK MEDICAL CENTER, AND LEGACY MOUNT HOOD MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen A Bradley Ex-Officio | OfficerTrustee | 4 | $0 |
Lewis L Low MD Secretary | OfficerTrustee | 0.5 | $0 |
David Mertens Chairman | OfficerTrustee | 2 | $0 |
Gabriel L Goddard Member | Trustee | 1 | $0 |
Randi L Reiten Member | Trustee | 1 | $0 |
Joseph J Avena Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $215,231 |
| Related organizations | $27,479 |
| Government grants | $1,629,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,544,990 |
| Noncash contributions included in lines 1a–1f | $44,879 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,417,320 |
| Total Program Service Revenue | $0 |
| Investment income | $792,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,703,971 |
| Net Income from Fundraising Events | -$12,086 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,493,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,917,260 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,917,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,450 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $43,730,156 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $318,717 |
| Total assets | $44,153,323 |
| Accounts payable and accrued expenses | $0 |
| 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 | $256,953 |
| Total liabilities | $256,953 |
| Net assets without donor restrictions | $25,527,689 |
| Net assets with donor restrictions | $18,368,681 |
| 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 | $44,153,323 |
Grants Awarded
Over the last fiscal year, Legacy Health Foundation has awarded $2,915,578 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LEGACY EMANUEL HOSPITAL & HEALTH CENTER | | | $1,399,554 |
LEGACY GOOD SAMARITAN HOSPITAL & MED CTR | | | $94,045 |
LEGACY MERIDIAN PARK HOSPITAL | | | $265,385 |
LEGACY MOUNT HOOD MEDICAL CEN | | | $197,002 |
LEGACY SALMON CREEK HOSPITAL | | | $10,336 |
LEGACY HEALTH | | | $949,256 |