Covenant Health System Foundation

Organization Overview

Covenant Health System Foundation is located in Lubbock, TX. The organization was established in 2001. 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 12/2021, Covenant Health System Foundation employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Health System 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, Covenant Health System Foundation generated $11.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $12.5m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 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, Covenant Health System Foundation has awarded 29 individual grants totaling $31,836,654. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE OAS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OPROVIDENCEAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE PURSUE INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE TODAY.TOGETHER, OUR 120,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 52 HOSPITALS, 1,085 CLINICS AND A COMPREHENSIVE RANGE OF SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:-PROVIDENCE ACROSS SEVEN WESTERN STATES-COVENANT HEALTH IN WEST TEXAS-PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA-HOAG MEMORIAL HOSPITAL PRESBYTERIAN IN ORANGE COUNTY, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA2021 WAS MARKED BY THREE MAJOR SURGES IN COVID-19 VOLUMES, A NATIONAL SHORTAGE OF HEALTH CARE PERSONNEL, AS WELL AS DEFERRALS OF NON-EMERGENT CARE. EVEN WITH THESE TREMENDOUS CHALLENGES, THE PROVIDENCE FAMILY OF ORGANIZATIONS CONTINUED TO INVEST IN OUR COMMUNITIES, GUIDED BY OUR STRATEGIC PLAN AND OUR COMMUNITY BENEFIT PRIORITIES.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSOVER THE LAST TWO YEARS, PROVIDENCE ADVANCED A SOCIAL RESPONSIBILITY FRAMEWORK THAT INCLUDES A STRONGER COMMITMENT TO DIVERSITY, EQUITY, INCLUSION, AND ENVIRONMENTAL STEWARDSHIP. WE UPDATED OUR INTEGRATED STRATEGIC & FINANCIAL PLAN TO MORE CLEARLY EXPRESS OUR COMMITMENT AND ACCELERATION OF THIS IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES IN THE COMMUNITIES WE SERVE. PROVIDENCE'S SOCIAL RESPONSIBILITY FRAMEWORK AIMS TO DEPLOY THE ASSETS OF OUR SYSTEM TO SUPPORT COMMUNITY HEALTH IMPROVEMENT, STRENGTHEN LOCAL ECONOMIES AND REDUCE OUR CARBON FOOTPRINT. IN 2021, OUR SUSTAINABLE AND INCLUSIVE PURCHASING PROGRAM COMMITTED TO INCREASE OUR SPEND WITH WOMEN AND MINORITY OWNED BUSINESS ENTERPRISES BY OVER $300 MILLION ACROSS THE NEXT FIVE YEARS. WE ALSO DEPLOY AN INVESTING PORTFOLIO WHICH INCLUDES SHAREHOLDER ADVOCACY, IMPACT INVESTING, AND SOCIALLY CONSCIOUS PORTFOLIO SCREENS. IN 2021, PROVIDENCE MADE PROGRESS TOWARDS ITS CLIMATE COMMITMENT TO BECOME CARBON NEGATIVE BY 2030. WE ARE IMPLEMENTING AN ENVIRONMENTAL STEWARDSHIP SYSTEM STRATEGY THAT ENCOURAGES WASTE REDUCTIONS, EFFICIENT ENERGY AND WATER USE, LOCAL AGRICULTURE PARTNERSHIPS, LESS TOXIC AND FEWER CHEMICAL USE, AND A REDUCTION IN CARBON FROM TRAVEL.PROGRAM SERVICE ACCOMPLISHMENTSHOSPICE CHARITY CARE - EACH YEAR THE FOUNDATION GARNERS PHILANTHROPIC DOLLARS FOR USE IN SUPPORT OF CARE FOR THOSE WHO OTHERWISE COULD NOT AFFORD END-OF-LIFE CARE.NURSING SCHOLARSHIPS - VARIOUS EDUCATIONAL SCHOLARSHIPS FOR COVENANT NURSING SCHOOL STUDENTS AND CONTINUING MEDICAL EDUCATIONAL COURSES FOR WORKING NURSES. EACH YEAR MANY STUDENTS IN THE COVENANT SCHOOL OF NURSING ARE GRANTED SCHOLARSHIPS.EQUIPMENT FUND - COVENANT HEALTH SYSTEM FOUNDATION RAISES FUNDS IN ORDER THAT PHYSICIANS, NURSES AND OTHER STAFF MEMBERS HAVE THE BEST EQUIPMENT, FACILITIES AND SERVICE SUPPORT AVAILABLE FOR THE NEEDS OF OUR PATIENTS. FUNDS RAISED SUPPLEMENT THE BUDGET OF THE HOSPITAL AND ALLOW FOR ADDITIONAL EQUIPMENT, FACILITY ENHANCEMENTS AND PROGRAM SUPPORT IN ANY GIVEN YEAR. EXAMPLES OF FOUNDATION PURCHASES FOR CY20 INCLUDE: THE MASTER FACILITY PLAN, AMBULANCE FOR COVENANT HEALTH LEVELLAND EMS, INJECTION ROOM REMODEL FOR JOE ARRINGTON CANCER CENTER, ECMO CARDIO HELP MACHINE FOR COVENANT CHILDREN'S HOSPITAL, AND 2 ALARIS PUMPS FOR COVENANT CHILDREN'S HOPSITAL.FOR MORE INFORMATION ABOUT COVENANT HEALTH SYSTEM FOUNDATION, PLEASE VISIT HTTPS://WWW.COVENANTHEALTH.ORG/COVENANT-HEALTH-FOUNDATION/


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$294,016
Related organizations$0
Government grants $84,317
All other contributions, gifts, grants, and similar amounts not included above$5,893,755
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,272,088
Total Program Service Revenue$0
Investment income $3,189,067
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$12,534
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,499,437

Grants Awarded

Over the last fiscal year, Covenant Health System Foundation has awarded $3,347,293 in support to 6 organizations.

Grant RecipientAmount

COVENANT HEALTH SYSTEM

Org PageRecipient Profile

Renton, WA

PURPOSE: OPERATIONAL SUPPORT

$2,307,158

HOSPICE OF LUBBOCK

Org PageRecipient Profile

Renton, WA

PURPOSE: OPERATIONAL SUPPORT

$481,354

METHODIST CHILDREN'S HOSPITAL

Org PageRecipient Profile

Renton, WA

PURPOSE: OPERATIONAL SUPPORT

$324,642

COMMUNITY SOLUTIONS INTERNATIONAL INC

Org PageRecipient Profile

New York, NY

PURPOSE: OPERATIONAL SUPPORT

$150,000

METHODIST HOSPITAL LEVELLAND

Org PageRecipient Profile

Renton, WA

PURPOSE: OPERATIONAL SUPPORT

$57,369

METHODIST HOSPITAL PLAINVIEW

Org PageRecipient Profile

Lubbock, TX

PURPOSE: OPERATIONAL SUPPORT

$26,770
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Covenant Health System Foundation has recieved totaling $88,065.

Awarding OrganizationAmount
Driven Brands Charitable Foundation

Charlotte, NC

PURPOSE: CHARITABLE ASSISTANCE

$29,595
Covenant Health System Foundation

Lubbock, TX

PURPOSE: OPERATIONAL SUPPORT

$26,770
Community Foundation Of West Texas

Lubbock, TX

PURPOSE: POST-COVID REHAB FUNDING, DENTAL CLINIC COPAY ASSISTANCE

$21,700
International Association Of Lions Clubs

Lubbock, TX

PURPOSE: OPERATIONS AND NEEDS OF ORGANIZATION

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,882,945
Earnings$789,432
Net Contributions$12,800
Other Expense$1,933,527
Grants$22,982
Ending Balance$7,728,668

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