Ascension Foundation
- Assets
- $82.8m
- Revenue
- $98.2m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- Data as of
- 06/2022
- EIN
- 86-2197504
Organization Overview
Ascension Foundation, operating under the name Ascension Charitable Foundation, is located in St Louis, MO. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ascension Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MOVE BEYOND THE TRADITIONAL WALLS OF CLINICAL CARE TO DEVELOP, SUPPORT, AND PROMOTE ACTIVITIES THAT CREATE HEALTH EQUITY FOR UNDERSERVED POPULATIONS THROUGHOUT THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASCENSION FOUNDATION IS DEDICATED TO ADDRESSING THE ROOT CAUSES OF HEALTH DISPARITIES IN THE UNITED STATES. WE BELIEVE IN A FUTURE IN WHICH EVERY PERSON, EVERY FAMILY, AND EVERY COMMUNITY CAN THRIVE. THE ASCENSION FOUNDATION IS HELPING THAT FUTURE ARRIVE MORE QUICKLY BY COLLABORATING WITH ESTABLISHED PROGRAMS THAT ARE MAKING A DIFFERENCE WHERE IT IS NEEDED MOST AND SEEKING OUT INNOVATORS WHO CAN DO EVEN MORE. WE ARE DRIVEN BY OUR COMMITMENT TO THE COMMON GOOD AND A CONVICTION THAT TOGETHER WE CAN REMOVE BARRIERS TO HEALTH EQUITY FOR EVERYONE. THE TIMING IS RIGHT TO FOCUS MORE INTENTIONALLY ON HEALTH DISPARITIES AND ENHANCE OUR IMPACT THAT COULD BE SCALED ACROSS MULTIPLE COMMUNITIES, BOTH WITHIN AND OUTSIDE OF OUR ASCENSION FOOTPRINT. WE SEEK TO DEVELOP NOVEL PROGRAMS THAT DISRUPT THE CYCLE OF GENERATIONAL POVERTY AND CREATE NEW PATHWAYS TO ECONOMIC STABILITY FOR FAMILIES AND COMMUNITIES IN NEED; SUPPORT THE CREATION OF A FUTURE HEALTHCARE WORKFORCE THAT BETTER REFLECTS THE RACE, ETHNICITY AND CULTURAL MIX OF THE COUNTRY; AND EXPLORE NEW PARTNERSHIPS AND TECHNOLOGIES THAT MORE QUICKLY CONNECT PEOPLE TO RESOURCES THAT ADDRESS THE SOCIAL DETERMINANTS OF HEALTH. WE SEEK TO WORK WITH ORGANIZATIONS THAT ARE EMBEDDED IN COMMUNITIES BECAUSE THEY KNOW WHERE THE NEEDS ARE GREATEST AND WHICH SOLUTIONS HAVE THE MOST POTENTIAL FOR SUCCESS. WE INVEST IN THOSE ALREADY WORKING TO ADVANCE HEALTH EQUITY, PROVIDING FUNDING AND OTHER SUPPORT THAT WILL HELP INCREASE AND ACCELERATE THEIR PROGRAM OUTCOMES. WE BRING A COMMITMENT TO LISTENING AND LEARNING AND TO SEEKING SOLUTIONS TOGETHER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Ex-Officio/senior Vice President | OfficerTrustee | 0 | $0 |
Name Not Listed Chair | OfficerTrustee | 0 | $0 |
Name Not Listed Director (start 10/2021) | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,764,988 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,235,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $939,720 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $325,105 |
| Advertising and promotion | $0 |
| Office expenses | $4,584 |
| Information technology | $33,475 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $42,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,940 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $49 |
| Total functional expenses | $2,351,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,847,856 |
| Total assets | $82,847,856 |
| Accounts payable and accrued expenses | $95,157 |
| 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 | $145,770 |
| Total liabilities | $240,927 |
| Net assets without donor restrictions | $82,606,929 |
| Net assets with donor restrictions | $0 |
| 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 | $82,847,856 |
Grants Awarded
Over the last fiscal year, Ascension Foundation has awarded $939,720 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE PURPOSE: TO SUPPORT THE SCHOOL OF MEDICINE | $432,000 |
MEHARRY MEDICAL COLLEGE PURPOSE: TO SUPPORT COLLEGE INITIATIVES | $404,800 |
MARIAN MIDDLE SCHOOL PURPOSE: CORPORATE SPONSORSHIP | $102,920 |