University Hospital Foundation

Organization Overview

University Hospital Foundation is located in Salt Lake City, UT. The organization was established in 1990. According to its NTEE Classification (T30) the organization is classified as: Public 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. University Hospital 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 06/2022, University Hospital Foundation generated $706.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $229.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (29.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

FUNDRAISING FOR HEALTHCARE TO SUPPORT PATIENT CARE, MEDICAL EDUCATION,AND CLINICAL RESEARCH FOR UNIVERSITY OF UTAH HOSPITALS & CLINICS AND OTHER SIMILAR NONPROFIT ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE UNIVERSITY HOSPITAL FOUNDATION HAS RAISED FUNDS TO SUPPORT PATIENT CARE, MEDICAL EDUCATION, AND CLINICAL RESEARCH FOR UNIVERSITY OF UTAH HOSPITALS AND CLINICS AND OTHER SIMILAR NONPROFIT ORGANIZATIONS. THOUGH FOUNDATION WILL CONTINUE TO ACCEPT DONATIONS, EFFECTIVE MARCH 2017 ITS FOCUS CHANGED FROM FUNDRAISING TO MANAGING EXISTING FUNDS FOR CONTINUING SUPPORT OF PATIENT CARE, MEDICAL EDUCATION, AND CLINICAL RESEARCH FOR NONPROFIT ORGANIZATIONS. THE FOUNDATION PROVIDED THE UNIVERSITY OF UTAH WITH $193,464 OF SUPPORT DURING THE YEAR ENDED 6/30/22.


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Board, Officers & Key Employees

Name (title)Compensation
Craig Thatcher
President/chairman
$0
Scott Kaufmann
Treasurer
$0
David Curtis
Secretary
$0
Karen Macon
President
$0
Susan Poulin
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$267,761
Noncash contributions included in lines 1a–1f $115
Total Revenue from Contributions, Gifts, Grants & Similar$267,761
Total Program Service Revenue$0
Investment income $250,794
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $188,367
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $706,922

Grants Recieved

Over the last fiscal year, we have identified 1 grants that University Hospital Foundation has recieved totaling $10,000.

Awarding OrganizationAmount
Leigh H Perkins Foundation

Cleveland, OH

PURPOSE: PHILANTHROPIC

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,035,412
Earnings$68,900
Ending Balance$3,104,312

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