Uch Legacy Funding Corporation

Organization Overview

Uch Legacy Funding Corporation is located in Bel Air, MD. The organization was established in 2014. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., 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. Uch Legacy Funding Corporation 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 06/2021, Uch Legacy Funding Corporation generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $132.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTING ORGANIZATION OF UNIVERSITY OF MARYLAND UPPER CHESAPEAKE HEALTH SYSTEM, INC. AND ITS RELATED HEALTHCARE AFFILIATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UCH LEGACY FUNDING CORPORATION HOLDS FUNDS CONTRIBUTED BY UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORP THAT ARE RESTRICTED FOR THE BENEFIT OF UNIVERSITY OF MARYLAND UPPER CHESAPEAKE HEALTH SYSTEM AND ITS AFFILIATES.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $748,002
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,386,550
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,147,419

Grants Awarded

Over the last fiscal year, Uch Legacy Funding Corporation has awarded $132,516,071 in support to 2 organizations.

Grant RecipientAmount

UM UPPER CHESAPEAKE HEALTH SYSTEM INC FOR THE BENEFIT OF HARFORD MEMORIAL HOSPITAL INC

Org PageRecipient Profile

Bel Air, MD

PURPOSE: CAPITAL PROJECTS

$122,429,684

UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORPORA

Org PageRecipient Profile

Baltimore, MD

PURPOSE: Asset Transfer

$10,086,387
View Grant Profile

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