Presbyterian Healthcare Foundation

Organization Overview

Presbyterian Healthcare Foundation is located in Albuquerque, NM. The organization was established in 1968. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Presbyterian Healthcare 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 12/2023, Presbyterian Healthcare Foundation generated $9.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $8.5m during the year ending 12/2023. While expenses have increased by 6.6% per year over the past 8 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 2014, Presbyterian Healthcare Foundation has awarded 456 individual grants totaling $36,943,778. 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

RAISE AND STEWARD FUNDS NECESSARY TO IMPROVE HEALTH AND LIVES IN COMMUNITIES SERVED BY PRESBYTERIAN HEALTHCARE SERVICES, A 501(C)(3) ORGANIZATION, PROVIDING HEALTHCARE SERVICES TO COMMUNITIES IN NEW MEXICO.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAM SERVICE ACTIVITY #1 IN KEEPING WITH ITS HISTORICAL PRIORITIES, THE FOUNDATION DIRECTED SIGNIFICANT FUNDING IN 2023 FOR NURSING/STAFF EDUCATION, PATIENT ASSISTANCE, EQUIPMENT AND PROGRAMS. THE FOUNDATION FUNDED 100+ SCHOLARSHIPS FOR NURSES AND OTHER STAFF TO PURSUE BACHELOR'S AND ADVANCED DEGREES. PATIENT ASSISTANCE FUNDS SUPPORTED TRANSPORTATION, LODGING AND OTHER CRITICAL NEEDS, SO PATIENTS CAN COMPLETE THEIR TREATMENT - WITHOUT HAVING TO PRIORITIZE DAILY LIVING NEEDS OVER POTENTIALLY LIFESAVING HEALTHCARE. A WIDE RANGE OF EQUIPMENT NEEDS - FOR EXAMPLE, A RETINAL CAMERA FOR INFANTS, CARDIAC IMAGING TECHNOLOGY, AND ORTHOPEDIC AND REHABILITATION TOOLS - WERE FUNDED. AN EXAMPLE OF A PROGRAM FULLY FUNDED BY DONORS WAS THE PRESBYTERIAN PACE ACADEMY, WHICH HAS A FULL-TIME TEACHER WHO HELPS HOSPITALIZED CHILDREN KEEP UP WITH THEIR SCHOOL WORK.


PRESBYTERIAN HEALTHCARE FOUNDATION EXISTS TO IMPROVE HEALTH. THIS FOCUS HAS BEEN UNWAVERING SINCE OUR FOUNDING IN 1968 AS ONE OF THE FIRST 100 HOSPITAL FOUNDATIONS IN THE COUNTRY. THROUGHOUT OUR 55-YEAR HISTORY, DONORS HAVE PROVIDED FUNDING FOR FOUR MAJOR AREAS: NURSING/STAFF EDUCATION, PATIENT ASSISTANCE (FOR TRANSPORTATION, LODGING AND OTHER BASIC NEEDS), PROGRAM SUPPORT AND CAPITAL NEEDS (FACILITY CONSTRUCTION/RENOVATION AND EQUIPMENT). PHILANTHROPY IS INCREASINGLY SUPPORTING CRITICAL NEEDS - PATIENT-CENTERED WORK WHICH OTHERWISE MIGHT NOT HAPPEN WITHOUT DONOR SUPPORT. EQUALLY IMPORTANT, PHILANTHROPY HELPS TO FUND PRIORITY PROGRAMS THAT AREN'T FINANCIALLY SELF-SUSTAINING. EXAMPLES INCLUDE PRESBYTERIAN COMMUNITY HEALTH INITIATIVES ADDRESSING FOOD INSECURITY, SUBSTANCE USE DISORDER AND MENTAL ILLNESS, AND PATIENT BASIC NEEDS AFFECTING HEALTH. WE ARE PROUD THAT NO PORTION OF THE GIFTS WE RECEIVE SUPPORTS FUNDRAISING OR ADMINISTRATIVE EXPENSES. THIS IS BECAUSE TWO ENDOWMENTS COVER THE COST OF FOUNDATION OPERATIONS, ALLOWING 100% OF DONOR GIFTS TO BE DIRECTED TO PROGRAMS OF INTEREST TO OUR DONORS. IN 2023, THE FOUNDATION RAISED $7,206,319 AND PROVIDED $4,740,933 IN IMMEDIATE FUNDING TO PRESBYTERIAN PROGRAMS. INCLUDED IN THESE AMOUNTS ARE CASH, ESTATE AND IN-KIND CONTRIBUTIONS, AND SPECIAL-EVENT INCOME. AS OF DECEMBER 2023, NET ASSETS WERE $128.1 MILLION. GOVERNANCE AND ORGANIZATION: THE FOUNDATION IS GOVERNED BY A 25-MEMBER BOARD OF DIRECTORS. MEMBERS ARE NOMINATED BY THE PHF BOARD GOVERNANCE COMMITTEE AND REFLECT A CROSS-SECTION OF BUSINESS AND COMMUNITY LEADERS. NOMINATIONS ARE APPROVED BY THE PHF AND PHS BOARDS OF DIRECTORS. THE CHAIR OF THE FOUNDATION BOARD IS AN EX- OFFICIO MEMBER OF THE PRESBYTERIAN CENTRAL NEW MEXICO COMMUNITY BOARD OF TRUSTEES. THE FOUNDATION BOARD MEETS AT LEAST FOUR TIMES PER YEAR AND HAS ADDITIONAL MEETINGS AS NECESSARY. INTERIM DECISION-MAKING IS ACCOMPLISHED VIA THE EXECUTIVE COMMITTEE, WHICH CONSISTS OF THE BOARD CHAIR, CHAIR ELECT, PAST CHAIR, TREASURER, SECRETARY AND PHF PRESIDENT. THE FOUNDATION PRESIDENT ALSO OVERSEES THE PRESBYTERIAN VOLUNTEER SERVICES PROGRAMS FOR PHS ALBUQUERQUE, RIO RANCHO AND SANTA FE FACILITIES, INCLUDING 600+ ACTIVE VOLUNTEERS. THESE VOLUNTEERS SERVE IN A NUMBER OF AREAS AND POSITIONS THROUGHOUT PRESBYTERIAN MEDICAL GROUP CLINICS AND AT PRESBYTERIAN HOSPITAL, PRESBYTERIAN RUST MEDICAL CENTER, PRESBYTERIAN KASEMAN HOSPITAL AND PRESBYTERIAN SANTA FE MEDICAL CENTER. 1. FUNDRAISING FOR SPECIFIC PROGRAMS: THE FOUNDATION SOLICITS GIFTS FROM INDIVIDUALS, CORPORATIONS AND FOUNDATIONS, AND COORDINATES FUNDRAISING CAMPAIGNS AND SPECIAL EVENTS THROUGHOUT THE YEAR TO RAISE FUNDS FOR BOTH SPECIFIC CAUSES AND GENERAL HEALTH SYSTEM NEEDS. THESE EFFORTS INCLUDE: * MAJOR AND PLANNED GIFTS: THE FOUNDATION SOLICITS TRANSFORMATIONAL GIFTS THROUGH MAJOR AND PLANNED GIVING INITIATIVES. MAJOR GIFTS ARE DEFINED AS SINGLE OR MULTI-YEAR CONTRIBUTIONS OF $10,000 OR MORE AND MAY BE DESIGNATED FOR CAPITAL AND PROGRAM NEEDS. FUNDING CAN BE IMMEDIATELY EXPENDABLE OR TO CREATE OR SUPPLEMENT AN ENDOWED (PERMANENT) FUND. PLANNED GIFTS ARE MOST OFTEN GIVEN IN THE FORM OF BEQUESTS (GIFT DESIGNATION IN A WILL OR LIVING TRUST), AS WELL AS RETIREMENT PLAN AND LIFE INSURANCE BENEFICIARY DESIGNATIONS. CHARITABLE GIFT ANNUITIES HAVE ALSO BECOME MORE POPULAR IN RECENT YEARS. IN 2023, MAJOR AND PLANNED GIFTS TOTALED $1,679,429. ADDITIONAL PLEDGES IN MAJOR AND PLANNED GIFTS WERE $2,705,389. TOGETHER, THEY ACCOUNTED FOR 57 PERCENT OF TOTAL DOLLARS RAISED BY THE FOUNDATION. * DAFFODIL DAYS: THIS ANNUAL EVENT IS 41 YEARS OLD. EACH SPRING, WITH THE HELP OF HUNDREDS OF VOLUNTEERS, FRESH DAFFODILS ARE PREPARED AND SOLD THROUGHOUT THE COMMUNITY. PROCEEDS ARE DIRECTED TO OPERATIONS OF THE PRESBYTERIAN ROBERT WERTHEIM HOSPICE HOUSE, A 10-BED FACILITY PROVIDING END-OF-LIFE (HOSPICE) CARE. IN 2023, DAFFODIL DAYS HAD NET PROCEEDS OF $196,000. * LAUGHTER IS THE BEST MEDICINE: WE CELEBRATED THE 25TH AND FINAL YEAR OF THIS GALA FUNDRAISER IN 2023. THE EVENT FEATURED A SILENT AUCTION, GOURMET DINNER AND LIVE ENTERTAINMENT FROM A COMEDIAN. NET PROCEEDS OF MORE THAN $450,000 WERE RAISED FOR A NEW EDUCATION AND SIMULATION CENTER, THE HEALTHCARE ADVANCED LEARNING LAB, OR HALL, AND OTHER WORKFORCE DEVELOPMENT NEEDS. * CORNERSTONE CAMPAIGN: THE COMMUNITY CORNERSTONE CAMPAIGN IS PRESBYTERIAN HEALTHCARE FOUNDATION'S ANNUAL FUND DRIVE FOCUSING ON GIFTS OF LESS THAN $10,000 FROM COMMUNITY (NON-EMPLOYEE) DONORS. CORNERSTONE IS THE BACKBONE OF THE FOUNDATION'S FUNDRAISING EFFORTS FOCUSING ON NEW DONOR ACQUISITION AND RETENTION. THE FOUNDATION'S GUARDIAN ANGEL PROGRAM, WHICH SEEKS GIFTS IN HONOR OF ANY PROVIDER OR STAFF MEMBER, IS A KEY PART OF THE CORNERSTONE PROGRAM, RECOGNIZING THAT GRATITUDE FOR AN EXCEPTIONAL CARE EXPERIENCE IS A PRIMARY MOTIVATOR FOR PHILANTHROPY. * PRESGIVING CAMPAIGN: PRESGIVING IS THE ANNUAL EMPLOYEE CAMPAIGN, SEEKING PAYROLL, CASH AND PAID TIME OFF CONTRIBUTIONS. THE CAMPAIGN HAS TWO PRIMARY COMPONENTS: 1) RECRUITMENT OF NEW EMPLOYEE DONORS THROUGH THE "BRILLIANCE IN THE BASICSIENTATION; AND 2) A SIX-WEEK FALL CAMPAIGN CONDUCTED IN PARTNERSHIP WITH UNITED WAY OF NORTH CENTRAL NEW MEXICO. PRESGIVING CONTRIBUTIONS TO PHF TYPICALLY TOTAL AROUND $1 MILLION ANNUALLY FOR PROGRAMS AND NEEDS THROUGHOUT PRESBYTERIAN. 2. PHILANTHROPIC IMPACT: THE FOUNDATION DIRECTED SIGNIFICANT FUNDING IN 2023 FOR ITS FOUR HISTORICAL PRIORITIES: 1) NURSING/STAFF EDUCATION; 2) PATIENT ASSISTANCE; 3) EQUIPMENT; AND 4) PROGRAMS. IN KEEPING WITH ITS LONGSTANDING PHILOSOPHY THAT THE BEST GIFT WE CAN PROVIDE PATIENTS IS A COMPASSIONATE, WELL-TRAINED WORKFORCE, THE FOUNDATION FUNDED 100+ SCHOLARSHIPS FOR NURSES AND OTHER STAFF TO PURSUE BACHELOR'S AND ADVANCED DEGREES. ADDITIONAL FUNDS SUPPORTED CONTINUING EDUCATION ACTIVITIES NECESSARY FOR STAFF TO EARN OR MAINTAIN SPECIALTY CERTIFICATIONS, OR ACQUIRE NEW SKILLS OR KNOWLEDGE TO PROVIDE CUTTING-EDGE CARE, FOLLOWING BEST PRACTICE. PATIENT ASSISTANCE FUNDS SUPPORTED TRANSPORTATION, LODGING AND OTHER CRITICAL NEEDS, SO PATIENTS CAN COMPLETE THEIR TREATMENT - WITHOUT HAVING TO PRIORITIZE DAILY LIVING NEEDS OVER POTENTIALLY LIFESAVING HEALTHCARE. A WIDE RANGE OF EQUIPMENT NEEDS - FOR EXAMPLE, A RETINAL CAMERA FOR INFANTS, CARDIAC IMAGING TECHNOLOGY, AND ORTHOPEDIC AND REHABILITATION TOOLS - WERE FUNDED. AN EXAMPLE OF A PROGRAM FULLY FUNDED BY DONORS WAS THE PRESBYTERIAN PACE ACADEMY, WHICH HAS A FULL-TIME TEACHER WHO HELPS HOSPITALIZED CHILDREN KEEP UP WITH THEIR SCHOOL WORK. FUNDRAISING IS ONGOING FOR BOTH THE PACE ACADEMY AND THE PRESBYTERIAN ROBERT WERTHEIM HOSPICE HOUSE, WHICH OPENED IN LATE 2022 AS THE ONLY FULL-SERVICE, RESIDENTIAL HOSPICE FACILITY IN CENTRAL NEW MEXICO, FOLLOWING DONOR SUPPORT TO FULLY FUND THE $3.6 MILLION PROJECT. THE ROBERT WERTHEIM HOSPICE HOUSE'S FIRST FULL YEAR OF OPERATIONS IN 2023 WAS SUPPORTED, IN PART, BY $539,851 FROM FOUNDATION DONORS. THE 10-BED FACILITY PROVIDED END-OF-LIFE CARE TO MORE THAN 200 PATIENTS IN 2023. COMMUNITY HEALTH IS A TOP FUNDRAISING PRIORITY FOR THE FOUNDATION. FUNDS TOTALING $504,896 WERE PROVIDED IN 2023 FOR CORE COMMUNITY HEALTH PROGRAMS ADDRESSING SOCIAL DETERMINANTS OF HEALTH, INCLUDING: THE FOOD FARMACY, A REFERRAL-BASED FOOD PANTRY SERVING MORE THAN 280 PATIENTS AT TWO SITES; THE PEER SUPPORT SPECIALIST PROGRAM, WHICH EMPLOYS CERTIFIED PEER SUPPORT SPECIALISTS WITH "LIVED EXPERIENCE PAIRS THEM WITH PATIENTS STRUGGLING WITH MENTAL HEALTH, PSYCHOLOGICAL TRAUMA OR SUBSTANCE USE; AND EMERGENCY FUNDING FOR THOSE IN NEED INCLUDING HOUSING DOWN PAYMENTS, UTILITY EXPENSES, CAR REPAIRS AND EMERGENCY HOUSING.


PROGRAM SERVICE ACTIVITY #2 THE PRESBYTERIAN ROBERT WERTHEIM HOSPICE HOUSE, THE ONLY FULL-SERVICE, RESIDENTIAL HOSPICE FACILITY IN CENTRAL NEW MEXICO, OPENED IN LATE 2022, FOLLOWING DONOR SUPPORT TO FULLY FUND THE $3.6 MILLION PROJECT. THE ROBERT WERTHEIM HOSPICE HOUSE'S FIRST FULL YEAR OF OPERATIONS IN 2023 WAS SUPPORTED, IN PART, BY $539,851 FROM FOUNDATION DONORS. THE 10-BED FACILITY PROVIDED END-OF-LIFE CARE TO MORE THAN 200 PATIENTS IN 2023.


PROGRAM SERVICE ACTIVITY #3 COMMUNITY HEALTH IS A TOP FUNDRAISING PRIORITY FOR THE FOUNDATION. FUNDS TOTALING $504,896 WERE PROVIDED IN 2023 FOR CORE COMMUNITY HEALTH PROGRAMS ADDRESSING KEY SOCIAL DETERMINANTS OF HEALTH, INCLUDING: THE FOOD FARMACY, A REFERRAL-BASED FOOD PANTRY SERVING MORE THAN 280 PATIENTS AT TWO SITES; THE PEER SUPPORT SPECIALIST PROGRAM, WHICH EMPLOYS CERTIFIED PEER SUPPORT SPECIALISTS WITH "LIVED EXPERIENCE PAIRS THEM WITH PATIENTS STRUGGLING WITH MENTAL HEALTH, PSYCHOLOGICAL TRAUMA OR SUBSTANCE USE; AND EMERGENCY FUNDING FOR THOSE IN NEED INCLUDING HOUSING DOWN PAYMENTS, UTILITY EXPENSES, CAR REPAIRS AND EMERGENCY HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director, Secretary
$0
Name Not Listed
Director, Treasurer
$0
Name Not Listed
President
$0
Name Not Listed
Director, Chair
$0
Name Not Listed
Director
$0
Name Not Listed
Ex-Officio Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fionta Incorporated
Software Migration
$136,473
Drury Hotels
Conference Space
$116,531
Albuquerque Convention Center
Conference Space / Catering
$116,473
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$830,008
Related organizations$256,730
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,864,123
Noncash contributions included in lines 1a–1f $32,878
Total Revenue from Contributions, Gifts, Grants & Similar$4,950,861
Total Program Service Revenue$0
Investment income $2,609,469
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,729
Net Gain/Loss on Asset Sales $2,534,680
Net Income from Fundraising Events -$197,640
Net Income from Gaming Activities $13,080
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,914,179

Grants Awarded

Over the last fiscal year, Presbyterian Healthcare Foundation has awarded $4,773,812 in support to 29 organizations.

Grant RecipientAmount

PRESBYTERIAN HEALTHCARE SERVICES

PURPOSE: OTHER HEALTHCARE SUPPORT

$1,050,087

PRESBYTERIAN HEALTHCARE SERVICES

PURPOSE: Hospice House Operations

$539,851

PRESBYTERIAN HEALTHCARE SERVICES

PURPOSE: Community Health

$504,896

PRESBYTERIAN HEALTHCARE SERVICES

PURPOSE: Pres Trythall Natatorium

$375,000

PRESBYTERIAN HEALTHCARE SERVICES

PURPOSE: Nursing Scholarships

$143,763

PRESBYTERIAN HEALTHCARE SERVICES

PURPOSE: NCCN EPIC Templates

$134,916
View Grant Profile

Peer Organizations

Organization NameAssets
Operating Engineers Health And Welfare Trust Fund For Colorado
Arvada, CO
$22,446,966
Saint Francis Health System Inc General/Professional Liability Los
Tulsa, OK
$17,816,591
The Weld Trust
Greeley, CO
$14,144,129
Paso Del Norte Health Foundation
El Paso, TX
$36,904,993
Shannon Business Services Inc
San Angelo, TX
$17,555,451
Catholic Health Initiatives Colorado Foundation
Centennial, CO
$23,185,458
St Joseph Services Corporation
Bryan, TX
$17,066,171
Harris County Hospital District Foundation
Bellaire, TX
$2,366,724
Baker & Botts Llp Employees Health Care Trust Agreement
Houston, TX
$14,019,783
Anchorum St Vincent
Santa Fe, NM
$9,936,416
Presbyterian Health Foundation
Oklahoma City, OK
$11,429,884
The Menninger Clinic Foundation
Houston, TX
$5,329,995
West Texas Rehabilitation Center Foundation
Abilene, TX
$11,845,085
Banner Alzheimers Foundation
Phoenix, AZ
$2,089,381
Dallas Methodist Hospitals Foundation Inc
Dallas, TX
$18,375,009
Dr Ralph And Marian Falk Medical Research Trust
Dallas, TX
$5,226,355
Texas Childrens Hospital Foundation
Bellaire, TX
$65,346,352
Integris Health Foundation Inc
Oklahoma City, OK
$6,628,637
Sun Health Foundation
Sun City West, AZ
$7,692,199
Bhhs Legacy Foundation
Phoenix, AZ
$9,199,645
Presbyterian Healthcare Foundation
Albuquerque, NM
$9,914,179
Adventhealth Family Medicine Rural Health Clinics Inc
Lampasas, TX
$6,383,899
Covenant Health System Foundation
Lubbock, TX
$11,537,118
Colorado Finishing Trades Health And Welfare Fund
Aurora, CO
$6,404,798
Episcopal Health Foundation Of Dallas
Dallas, TX
$233,416

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