Baptist Memorial Health Care Foundation

Organization Overview

Baptist Memorial Health Care Foundation is located in Memphis, TN. The organization was established in 1984. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2023, Baptist Memorial Health Care Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Memorial Health Care 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 09/2023, Baptist Memorial Health Care Foundation generated $67.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $18.9m during the year ending 09/2023. While expenses have increased by 2.0% per year over the past 8 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 2015, Baptist Memorial Health Care Foundation has awarded 187 individual grants totaling $71,713,818. 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 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S PRIMARY MISSION IS TO SOLICIT AND RECEIVE CONTRIBUTIONS, GIFTS, GRANTS, DEVISES, OR BEQUESTS OF REAL AND/OR PERSONAL PROPERTY FROM INDIVIDUALS, FOUNDATIONS, PARTNERSHIPS, ASSOCIATIONS, GOVERNMENTAL BODIES, PUBLIC AND/OR PRIVATE CORPORATIONS AND TO MAINTAIN, USE, AND APPLY, DIRECTLY OR INDIRECTLY, THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF THE BAPTIST MEMORIAL HEALTH CARE SYSTEM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC., ESTABLISHED IN 1983, IS THE FUNDRAISING ARM OF THE BAPTIST MEMORIAL HEALTH CARE SYSTEM WHICH RAISES MONEY TO BENEFIT VARIOUS BAPTIST MEMORIAL HEALTH CARE CORPORATION PROGRAMS AND SERVICES. FUNDS RAISED BY BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. HELP ACCOMPLISH BAPTIST MEMORIAL HEALTH CARE CORPORATION'S CHARITABLE CARE OBJECTIVES AND PROVIDE RESOURCES FOR ENHANCED PATIENT CARE, EDUCATION, AND GROUNDBREAKING CLINICAL RESEARCH. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. SOLICITS, RECEIVES, AND MANAGES CONTRIBUTIONS, GIFTS, GRANTS, AND BEQUESTS. FUNDS RAISED BY BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. PLAY A KEY ROLE IN FULFILLING THE MISSION OF HEALING, PREACHING, AND TEACHING FOR THE AFFILIATES OF BAPTIST MEMORIAL HEALTH CARE CORPORATION. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ADMINISTERS CONTRIBUTED DOLLARS THROUGH NUMEROUS DONOR RESTRICTED FUNDS WHICH SUPPORT THE CONTINUUM OF CARE OFFERED BY BAPTIST MEMORIAL HEALTH CARE CORPORATION FACILITIES INCLUDING ONCOLOGY, CARDIOVASCULAR, PEDIATRIC, AND REHABILITATIVE SERVICES, JUST TO NAME A FEW. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ALSO ALLOCATES A PORTION OF UNRESTRICTED CONTRIBUTED DOLLARS AND PORTFOLIO EARNINGS FOR THE BENEFIT OF ITS VARIOUS GRANT PROGRAMS.BOARD OF DIRECTORS GRANT PROGRAM BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S BOARD OF DIRECTORS GRANT PROGRAM HAS MADE AVAILABLE THE NECESSARY FUNDS TO EXPAND EXISTING SERVICES AND PROGRAMS THROUGHOUT THE SYSTEM CREATING A NUMBER OF NEW AND EXCITING INITIATIVES. THE FUNDS MADE AVAILABLE FOR THE BOARD OF DIRECTORS GRANT PROGRAM HAVE COME THROUGH UNRESTRICTED CONTRIBUTIONS, AS WELL AS, CAREFUL INVESTMENT OF THE BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S ENDOWMENT.THE FOLLOWING PROGRAMS RECEIVED NEW FUNDING DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023:ADVANCEMENTS IN AI FOR NODULE DETECTION: THIS GRANT WILL IDENTIFY AND IMPLEMENT ARTIFICIAL INTELLIGENCE TOOLS THAT WILL WORK SEAMLESSLY WITH CURRENT CANCER DETECTION PROCEDURES AT BAPTIST CANCER CENTER LOCATIONS TO INCREASE THE DETECTION OF NODULES IN EARLY STAGES AT VARIOUS DISEASE SITES. REIMAGINING PATIENT CARE-VIRTUAL SUPPORT RN CARE DELIVERY MODEL: THIS GRANT WILL DEVELOP AND PILOT A UNIT-LEVEL EMBEDDED VIRTUAL SUPPORT NURSE CARE DELIVERY MODEL AT BAPTIST MEMORIAL HOSPITAL-MEMPHIS. EXPANSION OF PEDIATRIC SERVICES: THIS GRANT WILL EXPEDITIOUSLY SERVE MORE PEDIATRIC PATIENTS AND CLOSE THE EXISTING COMMUNITY GAP IN KEY PEDIATRIC SERVICES INCLUDING ENT, ORTHOPEDIC PROCEDURES AND SWALLOW STUDIES. GRANT FUNDS WILL BE USED TO PURCHASE EQUIPMENT AND CREATE A NEW OPERATING ROOM AT SPENCE AND BECKY WILSON BAPTIST CHILDREN'S HOSPITAL.BURN AND HAND AT MISSISSIPPI BAPTIST MEDICAL CENTER, INC.: THIS GRANT WILL PROVIDE EQUIPMENT FOR THE NEW BURN AND HAND PROGRAM AT MISSISSIPPI BAPTIST MEDICAL CENTER, INC. TO ASSIST WITH ACCREDITATION AS MISSISSIPPI'S BURN CENTER. OFFICER GRANTSBAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S OFFICER GRANT PROGRAM ALLOWS OFFICERS AND BOARD MEMBERS OF BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. TO FACILITATE SMALLER GRANT REQUESTS ($100,000 AND LESS) WITH A HEALTH-RELATED FOCUS. SOME OF THE INITIATIVES AND ORGANIZATIONS ASSISTED THROUGH THESE GRANT PROGRAMS INCLUDE:SUPPORT FOR COMMUNITY OUTREACH PROJECTS TO INCLUDE EXPANSION OF FREE GRIEF SERVICES AT MILLA'S HOUSE AND THE GRIEF CENTER IN COLLIERVILLE, TENNESSEE, ROOM AND BOARD COSTS FOR INDIGENT PATIENTS AT THE HOSPICE HOUSE, CANCER PATIENT ASSISTANCE EVENTS IN MEMPHIS, OXFORD AND JONESBORO; AND THE BIG BLUE MOBILE CLINIC WHICH PROVIDES FREE AND REDUCED COST HEALTH CARE SERVICES TO RESIDENTS OF NORTHEAST ARKANSAS AND MEETING THE NEEDS OF THE UNDERSERVED. DONOR-RESTRICTED FUNDSBAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ADMINISTERS A NUMBER OF DONOR-RESTRICTED FUNDS WHICH PROVIDE BENEFITS TO PATIENTS OF THE AFFILIATE HOSPITALS AS WELL AS THE COMMUNITY AT LARGE. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. PROVIDES SUPPORT FOR BOTH THE CHARITY NEEDS OF PATIENTS AND EMPLOYEES THROUGH CHARITABLE CARE AND EMPLOYEE EMERGENCY ASSISTANCE FUNDS.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen C Reynolds
Director
$0
Ann Duncan
Director (thru 12/22)
$0
Brandon Arrindell
Director
$0
Douglas Edwards
Director
$0
Eric Brown
Director (as Of 01/23)
$0
Hal Fogelman
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Crawford Investment Counsel Inc
Investment Management Services
$404,430
Ut Medical Group Inc
Physician Services
$163,372
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,017,617
Related organizations$62,000
Government grants $4,885,670
All other contributions, gifts, grants, and similar amounts not included above$3,521,458
Noncash contributions included in lines 1a–1f $621,475
Total Revenue from Contributions, Gifts, Grants & Similar$9,486,745
Total Program Service Revenue$0
Investment income $18,860,193
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $39,091,404
Net Income from Fundraising Events -$241,502
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $67,196,840

Grants Awarded

Over the last fiscal year, Baptist Memorial Health Care Foundation has awarded $5,937,558 in support to 19 organizations.

Grant RecipientAmount

BAPTIST CLINICAL RESEARCH INSTITUTE INC

PURPOSE: VARIOUS RESEARCH STUDIES

$276,036

BAPTIST MEMORIAL COLLEGE OF HEALTH SCIENCES INC

PURPOSE: SCHOLARSHIPS & TUITION DEFERRAL

$324,083

BAPTIST MEMORIAL HEALTH CARE CORPORATION

PURPOSE: VARIOUS COMMUNITY PROGRAMS

$514,219

BAPTIST MEMORIAL HOME CARE INC

PURPOSE: HOSPICE HOUSE AND BEREAVEMENT CENTER

$1,559,074

BAPTIST MEMORIAL HOSPITAL

PURPOSE: VARIOUS MEDICAL AND COMMUNITY PROGRAMS

$1,221,576

BAPTIST MEMORIAL HOSPITAL-JONESBORO INC

PURPOSE: VARIOUS COMMUNITY PROJECTS

$552,036
View Grant Profile

Peer Organizations

Organization NameAssets
Inova Health System Foundation
Fairfax, VA
$1,284,842,416
St Louis Childrens Hospital Foundation
St Louis, MO
$43,894,163
Capstone Health Services Foundation P C
Tuscaloosa, AL
$40,105,997
United Food & Commercial Workers Empl Health & Welfare Pl & Tr
Cordova, TN
$37,014,695
Childrens Health System Inc
Norfolk, VA
$29,231,867
Corvesta Inc
Roanoke, VA
-$668,910
Chesapeake Regional Medical Group
Chesapeake, VA
$15,896,081
Childrens Hospital And Healthcare Services Foundation
Richmond, VA
$40,036,931
Georges Inc Medical Tr
Springdale, AR
$27,781,992
Evergy Inc
Kansas City, MO
$26,609,117
Cardinal Glennon Childrens Foundation
St Louis, MO
$22,615,673
Saint Lukes Foundation
Kansas City, MO
$15,740,107
Mid-South Carp Regional Council Health & Welfare Fund
Goodlettsville, TN
$27,039,786
Baxter Regional Health System
Mountain Home, AR
$12,820,136
Montgomery Baptist Outreach Services Corporation
Montgomery, AL
$12,576,729
Houston Healthcare System Inc
Warner Robins, GA
$10,479,781
Baptist Memorial Health Care Foundation
Memphis, TN
$67,196,840
North Carolina Agricultural Foundation Inc
Raleigh, NC
$20,780,071
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem
Lexington, KY
$20,699,070
Trustmark Corporation And Subsidiaries Medical Benefits Plan
Jackson, MS
$20,000,928
White County Physician Group
Searcy, AR
$16,940,947
Conway Regional Hospital Employees Medical Trust
Conway, AR
$12,974,761
Legacy Foundation Of Kentuckiana Inc
Lexington, KY
$8,095,736
Alabama Childrens Hospital Foundation
Birmingham, AL
$41,920,764
Dell Childrens Foundation
St Louis, MO
$20,070,862

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