Ascension Seton Foundation
- Assets
- $116.9m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 74-2212968
Organization Overview
Ascension Seton Foundation, operating under the name The Seton Fund, is located in St Louis, MO. The organization was established in 1946. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Seton Fund 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 06/2022, Seton Fund generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Seton Fund has awarded 11 individual grants totaling $18,297,286. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR ASCENSION SETON, SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SETON FUND WORKS WITH OUR PHILANTHROPIC COMMUNITY TO SUPPORT SETON'S CENTRAL AUSTIN ADULT FACILITIES, INCLUDING DELL SETON MEDICAL CENTER AT THE UNIVERSITY OF TEXAS, SETON MEDICAL CENTER AUSTIN, SETON SHOAL CREEK HOSPITAL, SETON MCCARTHY COMMUNITY HEALTH CENTER, AS WELL AS THE SETON COVE AND THE NURSE SCHOLARSHIP ENDOWMENT. ESTABLISHED IN 1981, THE SETON FUND WAS THE FIRST FUNDRAISING FOUNDATION OF THE SETON HEALTHCARE FAMILY. THE SETON FUND'S MAIN PURPOSE IS TO SUPPORT THE MISSION AND WORK OF THE SETON HEALTHCARE FAMILY. THROUGH THE SUPPORT OF THE CENTRAL TEXAS COMMUNITY, IT HAS BEEN AN INTEGRAL PART OF THE EXPANSION OF SETON MEDICAL CENTER AUSTIN, SUPPORT OF THE SETON CLINICS AND THE CAPITAL CAMPAIGN FOR DELL SETON MEDICAL CENTER AT THE UNIVERSITY OF TEXAS. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN FY22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Ex-Officio/president | OfficerTrustee | 0 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $297,157 |
| Related organizations | $1,110,744 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,728,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,136,656 |
| Total Program Service Revenue | $0 |
| Investment income | $2,093,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $517,260 |
| Net Income from Fundraising Events | -$271,234 |
| Net Income from Gaming Activities | $35,800 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,512,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,040,554 |
| 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 | $38,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,217 |
| Travel | $1,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,095 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,322 |
| Total functional expenses | $3,768,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,508,023 |
| Pledges and grants receivable | $1,668,961 |
| 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 | $895 |
| Net Land, buildings, and equipment | $73,000 |
| Investments—publicly traded securities | $90,630,286 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,881,165 |
| Accounts payable and accrued expenses | $623,790 |
| Grants payable | $0 |
| Deferred revenue | $106,500 |
| 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 | $0 |
| Total liabilities | $730,290 |
| Net assets without donor restrictions | $19,982,892 |
| Net assets with donor restrictions | $96,167,983 |
| 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 | $116,881,165 |
Grants Awarded
Over the last fiscal year, Ascension Seton Foundation has awarded $3,035,555 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASCENSION SETON PURPOSE: General/Capital Support | $2,299,343 |
SETON FAMILY OF DOCTORS PURPOSE: General Support | $720,742 |
TWENTY-SIX DOORS INC PURPOSE: CAPITAL SUPPORT | $7,970 |
ASCENSION HEALTH ALLIANCE PURPOSE: Capital Support | $7,500 |