Vmc Foundation is located in San Jose, CA. The organization was established in 1988. 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, Vmc Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vmc 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, Vmc Foundation generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 4.3% 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, Vmc Foundation has awarded 101 individual grants totaling $21,503,235. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE COMMUNITY HEALTH AND RELATED HUMAN NEEDS VIA THE COUNTY OF SANTA CLARA HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COVID-19 RESPONSE AND RECOVERY - THE FOUNDATION HAD A SIGNIFICANT ROLE IN THE COUNTY OF SANTA CLARA'S RESPONSE TO COVID-19, RAISING MILLIONS OF DOLLARS IN PPE AND OTHER SUPPLIES TO PROTECT HEALTHCARE WORKERS AND SUPPORT TESTING AND VACCINATION. THAT WORK WILL CONTINUE IN 2022 AS VACCINES ARE APPROVED FOR SMALL CHILDREN AND ADDITIONAL BOOSTERS ARE REQUIRED. BUT INCREASINGLY, THE FOCUS OF THE FOUNDATION WILL PIVOT FROM COVID-19 RESPONSE TO RECOVERY. THE ORGANIZATION WILL PRIORITIZE SUPPORT FOR SERVICES THAT TARGET POPULATIONS MOST IMPACTED BY THE PANDEMIC AND INVEST IN PROGRAMS THAT ADDRESS THE MENTAL HEALTH NEEDS OF FRONTLINE HEALTHCARE WORKERS. FRIENDS OF ST. LOUISE - THE COUNTY OF SANTA CLARA PURCHASED THREE BANKRUPT AND/OR CLOSED HOSPITALS IN EARLY 2019, TWO OF WHICH HAD PRE-EXISTING FOUNDATIONS LATER DISBANDED. THE FOUNDATION IS NOW RAISING FUNDS FOR AND SUPPORTING SERVICES AT SANTA CLARA VALLEY MEDICAL CENTER HOSPITALS & CLINICS, INCLUDING O'CONNOR HOSPITAL, ST. LOUISE REGIONAL HOSPITAL, AND THE DEPAUL HEALTH CENTER IN ADDITION TO THE REST OF THE COUNTY OF SANTA CLARA HEALTH SYSTEM. "FRIENDS OF ST. LOUISE" IS THE NEW AFFILIATE GROUP LAUNCHED BY THE FOUNDATION TO SERVE AS THE COMMUNITY-FUNDRAISING ARM FOR ST. LOUISE REGIONAL HOSPITAL. COMPRISED OF THE FORMER MEMBERS OF THE NOW-DEFUNCT ST. LOUISE HOSPITAL FOUNDATION, FRIENDS OF ST. LOUISE WILL BE THE CONDUIT BY WHICH THE FOUNDATION SUPPORTS THE EXPANSION OF THE HOSPITAL. IN DECEMBER 2021, A NEW ANNUAL FUNDRAISING EVENT FOR ST. LOUISE WAS LAUNCHED, RAISING OVER $100,000. A CAMPAIGN TO SUPPORT A WOMEN AND CHILDREN'S CENTER - THE OPENING OF A NEW MAIN HOSPITAL BUILDING AT SCVMC IN 2017 ALLOWED THE CURRENT MAIN HOSPITAL TO BE RE-PURPOSED AS A CENTER FOCUSING ON WOMEN AND CHILDREN'S CARE. THE FOUNDATION IS RAISING FUNDS TO PROVIDE THIS BUILDING WITH AN ARTISTIC/AESTHETIC UPGRADE BEFITTING A FREE-STANDING WOMEN/CHILDREN'S HOSPITAL (SAN JOSE IS CURRENTLY THE LARGEST CITY IN THE UNITED STATES WITHOUT ONE). THIS MULTI-YEAR EFFORT IS THE LARGEST PROJECT THE FOUNDATION HAS EVER UNDERTAKEN. IN 2018, THE NAME OF THE BUILDING OFFICIALLY BECAME THE SUSANNE B. WILSON WOMEN & CHILDREN'S CENTER.VIOLENCE PREVENTION - THE SANTA CLARA COUNTY PUBLIC HEALTH DEPARTMENT LEADS A COMMUNITY-WIDE COALITION TO ADDRESS VIOLENCE IN EAST SAN JOSE AS A PUBLIC HEALTH CONCERN. AS SUCH, THE FOUNDATION HAS BEEN INVITED TO BE PART OF THIS COALITION AND HAS BEEN CHOSEN AS THE "WELLNESS FUND," WHERE DOLLARS RAISED TO SUPPORT THE WORK OF THE ALLIANCE WILL BE KEPT AND ADMINISTERED. THE FOUNDATION'S CEO IS ACTIVE ON THE COALITION'S LEADERSHIP TEAM.SPINAL CORD AND BRAIN INJURY REHABILITATION - SECURING GRANTS AND GIFTS TO ENHANCE THE WORLD-CLASS CARE PROVIDED BY SCVMC'S SPINAL CORD INJURY (SCI) AND THE TRAUMATIC BRAIN INJURY (TBI) UNIT IS A MAJOR PRIORITY, SINCE DOING SO NOT ONLY HELPS PATIENTS OBTAIN THE BEST TREATMENT FOR THESE KINDS OF INJURIES BUT ALSO HELPS ATTRACT PATIENTS WITH PRIVATE INSURANCE. THIS PROGRAM BENEFITS SCVMC FINANCIALLY BEYOND WHAT PHILANTHROPY ALONE CAN DO.TURNING WHEELS FOR KIDS - THE FOUNDATION ENSURES THAT CHILDREN OF LOW-INCOME FAMILIES CAN HAVE A BRAND-NEW BICYCLE, PROMOTING OUTDOOR EXERCISE AND BATTLING THE EPIDEMIC OF CHILDHOOD OBESITY. FOR THE YEARS ENDED DECEMBER 31, 2021, AND 2020, THE VOLUNTEERS WHO RUN THIS INSPIRING PROGRAM BOUGHT, BUILT, AND DISTRIBUTED MORE THAN 1,200 AND 1,960 BIKES TO CHILDREN IN SILICON VALLEY, RESPECTIVELY. THIS WAS ACCOMPLISHED DESPITE THE FACT THAT GATHERINGS OF ANY SIZE WERE FORBIDDEN DUE TO COVID-19 RELATED RESTRICTIONS. NEONATAL INTENSIVE CARE UNIT (NICU) SUPPORT - SCVMC'S NICU PROVIDES THE HIGHEST LEVEL OF CARE TO HUNDREDS OF TINY, PREMATURE INFANTS EACH YEAR. THE FOUNDATION, WITH THE HELP OF FIRST 5 SANTA CLARA COUNTY, IN SILICON VALLEY, AND OTHER PHILANTHROPISTS, PROVIDE TECHNOLOGY AND SOCIAL SERVICE SUPPORT TO THESE BABIES AND FAMILIES.EDUCATION AND ISSUE ADVOCACY - THE FOUNDATION IS ONE OF THE ONLY METHODS THAT SANTA CLARA COUNTY'S PUBLIC HEALTH AND HOSPITAL SYSTEM HAVE TO PROMOTE THE EXCELLENT AND ESSENTIAL SERVICES IT PROVIDES TO ALL RESIDENTS OF THE COUNTY, REGARDLESS OF ABILITY TO PAY. PUBLIC KNOWLEDGE OF THESE SERVICES, MANY OF WHICH ARE PROVIDED BY THE COUNTY OF SANTA CLARA HEALTH SYSTEM AND NO OTHER HOSPITALS IN THE BAY AREA, CAN HAVE POLICY IMPLICATIONS. FOR THIS REASON, THE FOUNDATION IS DEDICATED TO SUPPORTING COMMUNITY EDUCATION AND OUTREACH ABOUT THE HEALTH SYSTEM'S SERVICES, HOW LOCAL AND NATIONAL POLICY CHANGES MAY AFFECT THE HEALTH SYSTEMS, AND HOW INCREASED UNDERSTANDING OF THE HEALTH SYSTEM'S ROLE IN CARING FOR THE COMMUNITY CAN DRIVE DONATIONS, POLITICAL SUPPORT, AND PUBLIC PERCEPTION. ADDITIONALLY, EXPANDING THE UNDERSTANDING OF HOW ISSUES LIKE COMMUNITY VIOLENCE AND HOMELESSNESS ARE HEALTH CRISES AND HOW SANTA CLARA COUNTY RESIDENTS CAN HELP SOLVE THESE CRISES HAS BECOME A GROWING PRIORITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Elliott Acting Executive Director, Non-Voting | OfficerTrustee | 40 | $256,502 |
Christina Salvatier Chief Financial Officer | Officer | 40 | $216,877 |
Camie Vankeuren Chief Development Officer | Officer | 40 | $166,756 |
Marcelle M Dougan Director | OfficerTrustee | 3 | $0 |
Kirk Westbrook Director & Treasurer | OfficerTrustee | 3 | $0 |
Elaine Elkin Director & Secretary | OfficerTrustee | 8 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $768,922 |
Related organizations | $0 |
Government grants | $228,650 |
All other contributions, gifts, grants, and similar amounts not included above | $7,161,845 |
Noncash contributions included in lines 1a–1f | $605,394 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,159,417 |
Total Program Service Revenue | $20,771 |
Investment income | $159,247 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $248,262 |
Net Income from Fundraising Events | -$401,400 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$48,291 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,152,326 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,121,786 |
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. | $683,856 |
Compensation of current officers, directors, key employees. | $219,268 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,180,547 |
Pension plan accruals and contributions | $48,239 |
Other employee benefits | $161,449 |
Payroll taxes | $119,289 |
Fees for services: Management | $579,473 |
Fees for services: Legal | $17,173 |
Fees for services: Accounting | $43,641 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $68,371 |
Fees for services: Other | $0 |
Advertising and promotion | $80,541 |
Office expenses | $126,187 |
Information technology | $90,243 |
Royalties | $0 |
Occupancy | $0 |
Travel | $8,675 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $159,071 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,221 |
Insurance | $23,751 |
All other expenses | $13,509 |
Total functional expenses | $8,126,840 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $407 |
Savings and temporary cash investments | $7,628,061 |
Pledges and grants receivable | $303,270 |
Accounts receivable, net | $497,143 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $115,238 |
Prepaid expenses and deferred charges | $136,517 |
Net Land, buildings, and equipment | $14,068 |
Investments—publicly traded securities | $0 |
Investments—other securities | $6,019,134 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $253,120 |
Total assets | $14,966,958 |
Accounts payable and accrued expenses | $243,554 |
Grants payable | $0 |
Deferred revenue | $34,875 |
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 | $278,429 |
Net assets without donor restrictions | $3,490,087 |
Net assets with donor restrictions | $11,198,442 |
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 | $14,966,958 |
Over the last fiscal year, Vmc Foundation has awarded $4,101,303 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
COUNTY OF SANTA CLARA HEALTH SYSTEM PURPOSE: GENERAL SUPPORT | $2,342,467 |
SANTA CLARA VALLEY MEDICAL CENTER (SVC) PURPOSE: GENERAL SUPPORT | $1,200,679 |
TURNINGWHEELS FOR KIDS PURPOSE: GENERAL SUPPORT | $248,157 |
Palo Alto, CA PURPOSE: GENERAL SUPPORT | $190,000 |
HEALTHIER KIDS FOUNDATION PURPOSE: GENERAL SUPPORT | $110,000 |
MARCH OF DIMES PURPOSE: GENERAL SUPPORT | $10,000 |
Over the last fiscal year, we have identified 21 grants that Vmc Foundation has recieved totaling $1,654,196.
Awarding Organization | Amount |
---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $298,721 |
Sunlight Giving Palo Alto, CA PURPOSE: VMC CLINICS AND MOBILE SERVICES, $300,000 IN 2020, $275,000 IN 2021, AND $275,000 IN 2022 | $275,000 |
Sunlight Giving Palo Alto, CA PURPOSE: VMC CLINICS AND MOBILE SERVICES, $300,000 IN 2020, $275,000 IN 2021, AND $275,000 IN 2022 | $275,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $229,850 |
Sunlight Giving Palo Alto, CA PURPOSE: GENERAL SUPPORT, COVID-19 RAPID RESPONSE FUNDING | $150,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $106,273 |
Beg. Balance | $10,000 |
Ending Balance | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Abc California Health Trust San Diego, CA | $8,208,446 | $18,293,053 |
Montage Health Foundation Monterey, CA | $246,774,163 | $32,937,422 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
John Muir Foundation Walnut Creek, CA | $65,372,142 | $20,131,142 |
Gallo Union Health Trust Modesto, CA | $21,480,077 | $14,963,749 |
Redwood Community Health Network Petaluma, CA | $4,126,775 | $12,982,178 |
Kuakini Foundation Honolulu, HI | $15,169,850 | $4,896,720 |
Martin Luther King Jr Community Health Foundation Los Angeles, CA | $43,323,066 | $8,250,886 |