Dogwood Health Trust
- Assets
- $1.7b
- Revenue
- -$284.5m
- Investments
- $1.7b
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-0590696
Organization Overview
Dogwood Health Trust is located in Asheville, NC. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dogwood Health Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Dogwood Health Trust has awarded 1,242 individual grants totaling $204,676,663. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
LEVERAGE FUND DEPARTMENTTHE FOUNDATION IDENTIFIES GRANTS FOR CHARITABLE PARTNERS WITHIN ITS LOCAL COMMUNITY. ONCE A POTENTIAL GRANT HAS BEEN IDENTIFIED, THE FOUNDATION HIRES GRANT WRITERS ON THE PARTNERS' BEHALF TO AID IN CLAIMING THE GRANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan R Mims CEO | 40 | $580,262 | |
Gregory W Byers VP Of Finance | 40 | $223,245 | |
Rachel Ryan General Counsel | 40 | $333,064 | |
Janice W Brumit Chair | 10 | $0 | |
George D Renfro Treasurer/secretary | 8 | $0 | |
John Fav Cecil Vice Chair | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 12/30/22 | $985,000 |
Adage Capital Partners Lp | 12/30/22 | $970,060 |
Mayfair Equity Partners | 12/30/22 | $845,841 |
Tcw Group | 12/30/22 | $807,321 |
Silchester International Investors Inc | 12/30/22 | $748,032 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,548,803 |
| Interest on Savings | $82,671 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,713,953 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$298,846,295 |
| Total Revenue | -$284,500,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,164,295 |
| Other employee salaries and wages | $5,083,102 |
| Pension plans, employee benefits | $1,531,706 |
| Interest | $396,301 |
| Taxes | $199,574 |
| Depreciation | $399,377 |
| Occupancy | $332,013 |
| Travel, conferences, and meetings | $203,484 |
| Printing and publications | $144,166 |
| Other expenses | $2,089,108 |
| Total operating and administrative expenses | $15,694,748 |
| Contributions, gifts, grants paid | $74,324,380 |
| Total expenses and disbursements | $90,019,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,902,643 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,087,200 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $91,278 |
| Prepaid expenses and deferred charges | $544,946 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,693,774,990 |
| Net Land, buildings, and equipment | $13,918,214 |
| Other assets | $8,951,401 |
| Total assets | $1,721,270,672 |
| Accounts payable and accrued expenses | $651,818 |
| Grants payable | $26,610,369 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $21,166,849 |
| Other liabilities | $0 |
| Total liabilities | $48,429,036 |
Grants Awarded
Over the last fiscal year, Dogwood Health Trust has awarded $74,567,572 in support to 425 organizations.
| Grant Recipient | Amount |
|---|---|
AIDS LEADERSHIP FOOTHILLS-AREA ALLIANCE PURPOSE: THIS GRANT WILL SUPPORT AIDS LEADERSHIP FOOTHILLS-AREA ALLIANCE'S (ALFA) EFFORTS TO REDUCE DRUG USE HARM AND STDS IN BURKE COUNTY. FUNDS WILL ALLOW ALFA TO DISPATCH A PEER SUPPORT/HARM REDUCTION SPECIALIST TO EXPAND THEIR SERVICES IN BURKE COUNTY AND COME CLOSER TO MEETING THE NEED, AS WELL AS PROVIDE MORE COMPREHENSIVE REFERRAL SERVICES AND SOCIAL SUPPORT. | $54,548 |
AMERICAN NATIONAL RED CROSS & ITS CONSTITUENT CHAPTERS AND BRANCHES PURPOSE: THIS PROJECT IS TO SUPPORT THE WNC RED CROSS CHAPTER TO OBTAIN EMERGENCY RESPONSE VEHICLES THAT WOULD BE ON-SITE TO RESPOND RAPIDLY TO THE NEXT FLOOD OR OTHER DISASTER WITH NO WAIT. IT ALSO PROVIDES FUNDS FOR THE WNC HOME FIRE CAMPAIGN TO PREVENT FIRES IN THE REGION FOR LOW-INCOME FAMILIES AND PROVIDE FUNDS FOR FINANCIAL ASSISTANCE FOR WNC FAMILIES IMPACTED BY A DISASTER. | $170,000 |
AMY WELLNESS FOUNDATION PURPOSE: THIS PROJECT IS PART OF THE HOME REPAIR FUNDING UMBRELLA GRANT OPPORTUNITY IN WHICH LEGACY FOUNDATIONS, INCLUDING AMY WELLNESS FOUNDATION, MAY RECEIVE FUNDING THAT WILL BE DISTRIBUTED TO ADDRESS CRITICAL HOME REPAIRS ACROSS WNC. FUNDS MAY BE USED FOR GENERAL MATERIAL AND LABOR COSTS OF REPAIRS AND UP TO 15% ADMINISTRATIVE COSTS OF PROGRAMS THAT WILL PRIMARILY SERVE LOW-INCOME 60% AMI AND BELOW, ELDERLY, AND/OR DISABLED RESIDENTS. | $300,000 |
APPALACHIAN SUSTAINABLE AGRICULTURE PROJECT PURPOSE: THIS GRANT WILL PROVIDE GENERAL OPERATING SUPPORT FOR APPALACHIAN SUSTAINABLE AGRICULTURE PROJECT. | $10,000 |
ASHEVILLE AREA ARTS COUNCIL PURPOSE: THIS GRANT WILL SUPPORT ASHEVILLE AREA ARTS COUNCIL'S PROJECT TO PRESERVE STOREFRONT PROTEST MURALS IN DOWNTOWN ASHEVILLE THAT WERE CREATED FOR FREE BY LOCAL MURAL ARTISTS ON DONATED PLYWOOD. | $10,000 |
ASHEVILLE CITY SCHOOLS FOUNDATION PURPOSE: THIS GRANT WILL SUPPORT ASHEVILLE CITY SCHOOLS FOUNDATION'S EFFORTS TO DECREASE BARRIERS STUDENTS FACE DUE TO HOMELESSNESS AND THUS PROVIDE EQUAL OPPORTUNITIES FOR EDUCATIONAL SUCCESS. | $30,000 |