Marshfield Clinic Health System Foundation Inc

Organization Overview

Marshfield Clinic Health System Foundation Inc is located in Marshfield, WI. The organization was established in 2016. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Marshfield Clinic Health System Foundation Inc 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, Marshfield Clinic Health System Foundation Inc generated $21.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 38.2% per year over the past 6 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 2017, Marshfield Clinic Health System Foundation Inc has awarded 27 individual grants totaling $24,108,717. 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

WE ENRICH LIVES TO CREATE HEALTHY COMMUNITIES THROUGH ACCESSIBLE, AFFORDABLE, COMPASSIONATE HEALTH CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MARSHFIELD CLINIC HEALTH SYSTEM FOUNDATION, INC. (MCHSF) WAS INCORPORATED IN MAY 2016 AS A NONPROFIT, NONSTOCK CORPORATION TO SUPPORT THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF MARSHFIELD CLINIC HEALTH SYSTEM, INC. (MCHS) AND ITS TAX-EXEMPT AFFILIATES. MCHSF RECEIVED AN IRS DETERMINATION LETTER GRANTING IT TAX-EXEMPT STATUS ON AUGUST 12, 2016.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$33,527
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$10,425,145
Noncash contributions included in lines 1a–1f $77,170
Total Revenue from Contributions, Gifts, Grants & Similar$10,458,672
Total Program Service Revenue$0
Investment income $1,436,710
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,962,976
Net Income from Fundraising Events $210,345
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,068,703

Grants Awarded

Over the last fiscal year, Marshfield Clinic Health System Foundation Inc has awarded $5,542,552 in support to 6 organizations.

Grant RecipientAmount

MARSHFIELD CLINIC INC

Org PageRecipient Profile

Marshfield, WI

PURPOSE: GENERAL SUPPORT

$3,304,100

MCHS HOSPITALS INC

Org PageRecipient Profile

Marshfield, WI

PURPOSE: GENERAL SUPPORT

$1,433,707

MARSHFIELD CLINIC HEALTH SYSTEM INC

Org PageRecipient Profile

Marshfield, WI

PURPOSE: GENERAL SUPPORT

$372,965

UNIVERSITY OF WISCONSIN-STEVENS POINT FOUNDATION

Org PageRecipient Profile

Stevens Point, WI

PURPOSE: HEALTHCARE WORKFORCE DEVELOPMENT FUND

$237,478

LAKEVIEW MEDICAL CENTER INC OF RICE LAKE

Org PageRecipient Profile

Rice Lake, WI

PURPOSE: GENERAL SUPPORT

$129,202

MEMORIAL HOSPITAL INC

Org PageRecipient Profile

Neillsville, WI

PURPOSE: GENERAL SUPPORT

$65,100
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Marshfield Clinic Health System Foundation Inc has recieved totaling $539,301.

Awarding OrganizationAmount
Kaiser Foundation Health Plan Of Colorado

Oakland, CA

PURPOSE: Research Collaboration

$332,058
Otto Bremer Trust

St Paul, MN

PURPOSE: INTEGRATED CARE PROGRAM

$100,000
Ann Arbor Area Community Foundation

Ann Arbor, MI

PURPOSE: HEALTH, GENERAL AND REHABILITATIVE

$48,680
Boldt Family Fund Inc

Appleton, WI

PURPOSE: HEALTH CARE

$25,000
Greater Green Bay Community Foundation Inc

Green Bay, WI

PURPOSE: HEALTH & WELLNESS PROGRAM SUPPORT

$10,000
Laird Youth Leadership Foundation Inc

River Falls, WI

PURPOSE: SUPPORTING CHILDREN AND THEIR FAMILIES GOING THROUGH PEDIATRIC CANCER.

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$96,650,965
Earnings$13,560,680
Net Contributions$65,654
Other Expense$237,478
Ending Balance$110,039,821

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