Providence St Vincent Medical Foundation is located in Portland, OR. The organization was established in 1970. 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. Providence St Vincent Medical 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 12/2021, Providence St Vincent Medical Foundation generated $42.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $14.9m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 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 2015, Providence St Vincent Medical Foundation has awarded 34 individual grants totaling $80,597,548. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE OAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE PURSUE INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 120,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 52 HOSPITALS, 1,085 CLINICS AND A COMPREHENSIVE RANGE OF SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:- PROVIDENCE ACROSS SEVEN WESTERN STATES- COVENANT HEALTH IN WEST TEXAS- PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA- HOAG MEMORIAL HOSPITAL PRESBYTERIAN IN ORANGE COUNTY, CA- KADLEC IN SOUTHEAST WASHINGTON- PACIFIC MEDICAL CENTERS IN SEATTLE, WA- SWEDISH HEALTH SERVICES IN SEATTLE, WA2021 WAS MARKED BY THREE MAJOR SURGES IN COVID-19 VOLUMES, A NATIONAL SHORTAGE OF HEALTH CARE PERSONNEL, AS WELL AS DEFERRALS OF NON-EMERGENT CARE. EVEN WITH THESE TREMENDOUS CHALLENGES, THE PROVIDENCE FAMILY OF ORGANIZATIONS CONTINUED TO INVEST IN OUR COMMUNITIES, GUIDED BY OUR STRATEGIC PLAN AND OUR COMMUNITY BENEFIT PRIORITIES.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORTENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSOVER THE LAST TWO YEARS, PROVIDENCE ADVANCED A SOCIAL RESPONSIBILITY FRAMEWORK THAT INCLUDES A STRONGER COMMITMENT TO DIVERSITY, EQUITY, INCLUSION, AND ENVIRONMENTAL STEWARDSHIP. WE UPDATED OUR INTEGRATED STRATEGIC & FINANCIAL PLAN TO MORE CLEARLY EXPRESS OUR COMMITMENT AND ACCELERATION OF THIS IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES IN THE COMMUNITIES WE SERVE. PROVIDENCE'S SOCIAL RESPONSIBILITY FRAMEWORK AIMS TO DEPLOY THE ASSETS OF OUR SYSTEM TO SUPPORT COMMUNITY HEALTH IMPROVEMENT, STRENGTHEN LOCAL ECONOMIES AND REDUCE OUR CARBON FOOTPRINT. IN 2021, OUR SUSTAINABLE AND INCLUSIVE PURCHASING PROGRAM COMMITTED TO INCREASE OUR SPEND WITH WOMEN AND MINORITY OWNED BUSINESS ENTERPRISES BY OVER $300 MILLION ACROSS THE NEXT FIVE YEARS. WE ALSO DEPLOY AN INVESTING PORTFOLIO WHICH INCLUDES SHAREHOLDER ADVOCACY, IMPACT INVESTING, AND SOCIALLY CONSCIOUS PORTFOLIO SCREENS. IN 2021, PROVIDENCE MADE PROGRESS TOWARDS ITS CLIMATE COMMITMENT TO BECOME CARBON NEGATIVE BY 2030. WE ARE IMPLEMENTING AN ENVIRONMENTAL STEWARDSHIP SYSTEM STRATEGY THAT ENCOURAGES WASTE REDUCTIONS, EFFICIENT ENERGY AND WATER USE, LOCAL AGRICULTURE PARTNERSHIPS, LESS TOXIC AND FEWER CHEMICAL USE, AND A REDUCTION IN CARBON FROM TRAVEL.PROGRAM SERVICE ACCOMPLISHMENTS - FUNDING OF OPERATIONS AT PROVIDENCE ST VINCENT MEDICAL CENTER AND PH&S-OREGON. THIS INCLUDES OVER $5.4 MILLION FOR THE HEART INSTITUTE INCLUDING SUPPORT OF THE HEART TRANSPLANT PROGRAM, AND $675,000 FOR NURSING ADMINISTRATION, IN ADDITION TO HELPING SUPPORT THE DAY-TO-DAY OPERATIONS OF THE ST VINCENT MEDICAL CENTER AND EXPENSES PAID ON THE MEDICAL CENTER'S BEHALF.NURSING SCHOLARSHIPS AND LOANS FOR FUTURE NURSES WORKING AT PROVIDENCE.FUNDS TO CATHOLIC CHARITIES FOR ITS ADMINISTRATION OF THE HELPING HAND FUND, WHICH PROVIDED LIVING ASSISTANCE TO EMPLOYEES WITHIN THE PH&S-OREGON CORPORATION.FINANCIAL ASSISTANCE TO BREAST CANCER PATIENTS, AS WELL AS SUPPORT FOR CANCER, HEART, ORTHOPEDIC, AND MULTIPLE SCLEROSIS RESEARCH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Don Vollum Vice President | OfficerTrustee | 1 | $0 |
Ed Jensen Secretary | OfficerTrustee | 1 | $0 |
Tammy Witcosky Treasurer | OfficerTrustee | 1 | $0 |
Lorie Tekorius President | OfficerTrustee | 1 | $0 |
Kevin Finn Executive Director | Officer | 50 | $0 |
Barbara Blakely Trustee (part Year) | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Morgan Stanley Smith Barney Investment Management | 12/30/16 | $174,187 |
Northern Trust Company Investment Management | 12/30/16 | $380,616 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $489,643 |
Related organizations | $409,424 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $25,792,071 |
Noncash contributions included in lines 1a–1f | $703,600 |
Total Revenue from Contributions, Gifts, Grants & Similar | $26,691,138 |
Total Program Service Revenue | $0 |
Investment income | $5,146,339 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $10,639,105 |
Net Income from Fundraising Events | -$38,644 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$323,584 |
Miscellaneous Revenue | $0 |
Total Revenue | $42,114,354 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $13,928,819 |
Grants and other assistance to domestic individuals. | $50,000 |
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 | $257,769 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $25,941 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,661 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $445,255 |
Fees for services: Other | $27,028 |
Advertising and promotion | $0 |
Office expenses | $45,727 |
Information technology | $86 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,390 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $100 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $2,305 |
Total functional expenses | $14,930,488 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $26,745,853 |
Pledges and grants receivable | $1,956,407 |
Accounts receivable, net | -$37,713 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $2,051,315 |
Inventories for sale or use | $108,445 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $212,053,260 |
Investments—other securities | $43,341,460 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $16,405,987 |
Total assets | $302,625,014 |
Accounts payable and accrued expenses | $354,366 |
Grants payable | $0 |
Deferred revenue | $1,423,420 |
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 | $7,284,675 |
Total liabilities | $9,062,461 |
Net assets without donor restrictions | $175,528,257 |
Net assets with donor restrictions | $118,034,296 |
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 | $302,625,014 |
Over the last fiscal year, Providence St Vincent Medical Foundation has awarded $13,894,512 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Renton, WA PURPOSE: OPERATIONAL AND CAPITAL SUPPORT | $13,118,082 |
Portland, OR PURPOSE: OPERATIONAL SUPPORT | $686,954 |
Portland, OR PURPOSE: OPERATIONAL SUPPORT | $89,476 |
Over the last fiscal year, we have identified 9 grants that Providence St Vincent Medical Foundation has recieved totaling $511,881.
Awarding Organization | Amount |
---|---|
Oregon Community Foundation Portland, OR PURPOSE: Physical Health | $218,872 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $133,300 |
Ocf Joseph E Weston Public Foundation Portland, OR PURPOSE: Physical Health | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $41,682 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: PROVIDENCE MS TEAM RESEARCH | $19,799 |
Amyotrophic Lateral Sclerosis Association Portland, OR PURPOSE: ALS CLINIC SUPPORT | $18,000 |
Beg. Balance | $30,978,112 |
Earnings | $4,065,970 |
Net Contributions | $166,723 |
Grants | $840,277 |
Ending Balance | $34,370,528 |
Organization Name | Assets | Revenue |
---|---|---|
Hoag Hospital Foundation Newport Beach, CA | $584,715,727 | $185,764,932 |
California Pacific Medical Center Foundation Sacramento, CA | $485,240,778 | $61,000,436 |
Service Employees Health And Welfare Trust Seattle, WA | $47,657,399 | $43,804,686 |
Childrens Health Council Inc Palo Alto, CA | $96,571,005 | $43,949,984 |
Sheet Metal Workers 16 Health And Welfare Fund Portland, OR | $48,597,003 | $31,256,825 |
Providence Health & Services Foundation Burbank, CA | $162,436,419 | $70,514,754 |
Inlandboatmens Union Of The Pacific National Health & Welfare Trust Seattle, WA | $51,210,144 | $31,711,005 |
Santa Barbara Cottage Hospital Foundation Santa Barbara, CA | $242,184,554 | $25,746,926 |
Machinists Health And Welfare Trust Fund Seattle, WA | $52,643,086 | $28,345,807 |
Collis P & Howard Huntington Memorial Hospital Trust Pasadena, CA | $514,343,312 | $111,327,591 |
Childrens Hospital & Research Center Foundation Oakland, CA | $371,253,333 | $25,107,510 |
Helix Electric Health And Welfare Insurance Trust San Diego, CA | $2,039,604 | $20,413,301 |