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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Director, Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Director, Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 40 | $0 |
Name Not Listed Director, Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Ex-Officio Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Fionta Incorporated Software Migration | 12/30/23 | $136,473 |
Drury Hotels Conference Space | 12/30/23 | $116,531 |
Albuquerque Convention Center Conference Space / Catering | 12/30/23 | $116,473 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,708,055 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,099,971 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $396 |
Fees for services: Accounting | $39,226 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $295,303 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $63,902 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $90,300 |
Travel | $4 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $125,611 |
Total functional expenses | $8,471,178 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $792,688 |
Pledges and grants receivable | $957,090 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $83,013 |
Investments—publicly traded securities | $126,168,196 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $866,614 |
Total assets | $128,867,601 |
Accounts payable and accrued expenses | $8,716 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $739,421 |
Total liabilities | $748,137 |
Net assets without donor restrictions | $64,811,520 |
Net assets with donor restrictions | $63,307,944 |
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 | $128,867,601 |
Over the last fiscal year, Presbyterian Healthcare Foundation has awarded $4,773,812 in support to 29 organizations.
Grant Recipient | Amount |
---|---|
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 |