Providence Portland Medical Foundation

Organization Overview

Providence Portland Medical Foundation is located in Portland, OR. The organization was established in 1990. 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 Portland 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 12/2022, Providence Portland Medical Foundation generated $17.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $13.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Providence Portland Medical Foundation has awarded 34 individual grants totaling $101,022,069. 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OPROVIDENCEAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING 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 117,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,000 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL 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-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA AS A COMPREHENSIVE HEALTH CARE ORGANIZATION, WE ARE SERVING MORE PEOPLE, ADVANCING BEST PRACTICES AND CONTINUING OUR MORE THAN 100-YEAR TRADITION OF SERVING THE POOR AND VULNERABLE. DELIVERING SERVICES ACROSS SEVEN STATES, PROVIDENCE IS COMMITTED TO TOUCHING MILLIONS OF MORE LIVES AND ENHANCING THE HEALTH OF THE AMERICAN WEST TO TRANSFORM CARE FOR THE NEXT GENERATION AND BEYOND.THROUGH COMMUNITY BENEFIT PROGRAMS AND OTHER HIGH-IMPACT INVESTMENTS, WE WORK TO ENSURE BASIC HEALTH NEEDS ARE MET AND SERVE TO REMOVE BARRIERS TO CARE, BUILD COMMUNITY RESILIENCE AND INNOVATE FOR THE FUTURE. MINISTRIES AND AFFILIATES SUPPORT ORGANIZATIONS, PROGRAMS AND INITIATIVES THAT IMPROVE HEALTH AND WELL-BEING AND INCREASE EQUITABLE ACCESS TO QUALITY CARE AT THE COMMUNITY LEVEL AND AT SCALE ACROSS SEVEN STATES.WE ARE PROUD OF OUR HISTORY AND CONTINUED COMMITMENT TO HELPING BUILD A MORE EQUITABLE, SUSTAINABLE FUTURE. OUR STEADFAST COMMITMENT TO RESPONDING TO COMMUNITY NEED IS ONE OF THE MANY WAYS MINISTRIES, AFFILIATES AND CAREGIVERS LIVE OUT OUR SHARED MISSION AND CONTINUE TO SERVE AS A VITAL SAFETY NET FOR THOSE WHO ARE VULNERABLE.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSPROVIDENCE CONTINUES TO ADVANCE A SOCIAL RESPONSIBILITY FRAMEWORK THAT INCLUDES A STRONGER COMMITMENT TO DIVERSITY, EQUITY, INCLUSION ("DEI"), AND ENVIRONMENTAL STEWARDSHIP. IN 2022, WE ELEVATED THE WORK OF DEI, BY RESTRUCTURING RESOURCES WITH PLANS TO ALIGN AND SCALE DEI STRATEGIES ACROSS THE PROVIDENCE FAMILY OF ORGANIZATIONS. WE CONTINUE TO EXECUTE ON OUR INTEGRATED STRATEGIC & FINANCIAL PLAN WHICH CLEARLY EXPRESSES 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. WE HAVE IMPLEMENTED AN ENVIRONMENTAL STEWARDSHIP SYSTEM STRATEGY THAT ENCOURAGES WASTE REDUCTIONS, EFFICIENT ENERGY AND WATER USAGE, LOCAL AGRICULTURE PARTNERSHIPS, LESS TOXIC AND FEWER CHEMICAL USE, AND A REDUCTION IN CARBON FROM TRAVEL. WE HAVE ALSO HELD ENVIRONMENTAL STEWARDSHIP AS ONE OF THE TOP PRIORITIES FOR OUR LEADERSHIP INCENTIVE PROGRAM TO ENSURE ALIGNMENT AND MOMENTUM CONTINUES. IN APRIL 2022, PROVIDENCE PUBLISHED ITS FIRST ENVIRONMENTAL STEWARDSHIP REPORT, IN WHICH WE REPORTED 12 PERCENT REDUCTION IN CARBON EMISSIONS IN SEVEN KEY CATEGORIES IN OUR ACUTE CARE FACILITIES SINCE OUR 2019 BASELINE. AS OF SEPTEMBER 30, 2022, (THE MOST RECENT DATA AVAILABLE), WE HAVE INCREASED THAT REDUCTION TO 13 PERCENT.PROVIDENCE PORTLAND MEDICAL FOUNDATION PROVIDES OPERATIONAL AND CAPITAL SUPPORT TO A NUMBER OF HOSPITAL PROGRAMS. THE MAJORITY OF THE FOUNDATION'S ANNUAL FUNDING GOES TO SUPPORT CANCER RESEARCH EFFORTS FOR THE ROBERT W. FRANZ CANCER CENTER AND THE EARLE A. CHILES RESEARCH INSTITUTE. OUR SCIENTISTS CONTINUE TO MAKE DRAMATIC PROGRESS IN THE RACE TO FIND A CURE FOR CANCER USING THE BODY'S OWN IMMUNE SYSTEM. IMMUNOTHERAPY HAS BEEN SHOWN TO BE HIGHLY EFFECTIVE IN SEVERAL TYPES OF ADVANCED CANCERS, INCLUDING LUNG, BLADDER, PANCREATIC, LYMPHOMA, AND KIDNEY CANCERS, AS WELL AS MELANOMA.IN 2022, WE CONTINUED TO SUPPORT THE TREMENDOUS GROWTH WITHIN CANCER RESEARCH RAISING OVER $5,600,000 FOR THE RECRUITMENT OF NEW SCIENTISTS AND SUPPORT THE ONGOING NEEDS OF THE CANCER INSTITUTE.WE RECEIVED A $4,300,000 GRANT TO HELP MEET THE EXPANDING NEEDS AROUND BEHAVORIAL HEALTH. THE OREGON HEALTH AUTHORITY PROVIDED SUPPORT TO BUILD A NEW STABALIZATION AND RECOVERY AREA ADJACENT TO THE HOSPITAL'S EMERGENCY DEPARTMENT. THIS NEW SPACE WILL ALLOW THE HOSPITAL TO BETTER MEET THE NEEDS OF THE COMMUNITY. WE ALSO CONTINUED TO SUPPORT EFFORTS TO FURTHER IMPLEMENT A NEW CARDIO-ONCOLOGY PROGRAM AT PROVIDENCE CANCER INSTITUTE. OUR FOUNDATION RAISED $1,600,000 IN 2022 TO SUPPORT THIS MULTI-DISCIPLINARY PROGRAM THAT COMBINES EXPERTISE FROM BOTH THE PROVIDENCE HEART INSTITUTE AND THE PROVIDENCE CANCER INSTITUTE WITH THE GOAL TO PROVIDE SPECIAL CARE FOR CANCER PATIENTS THAT ALSO FACE HEART-RELATED HEALTH ISSUES. OTHER 2022 HIGHLIGHTS INCLUDE:GROWTH WITHIN CANCER RESEARCH WHEREBY FOUNDATION DOLLARS WERE USED FOR THE RECRUITMENT OF NEW SCIENTISTS AND SUPPORT THE ONGOING NEEDS OF THE CANCER INSTITUTE.THE CONTINUED GROWTH OF THE EMERGENCY SERVICES FUND TO HELP MEET THE GROWING PROGRAMMATIC AND CAPITAL NEEDS ASSOCIATED WITH THE EMERGENCY DEPARTMENT AT PROVIDENCE PORTLAND MEDICAL CENTER. EXPANDED SUPPORT FOR BEHAVORIAL HELATH PRIORITIES INCLUDING A GOVERNMENT GRANT TO PROVIDE CAPITAL PROGRAMATIC SUPPORT FOR A NEW STABILIZATION AND RECOVERY AREA AT THE HOSPITAL. THE FOUNDATION PROVIDED ASSISTANCE TO CATHOLIC CHARITIES FOR ITS ADMINISTRATION OF THE HELPING HAND FUND, WHICH PROVIDED LIVING ASSISTANCE TO EMPLOYEES WITHIN THE PROVIDENCE HEALTH & SERVICES - OREGON CORPORATION.OTHER GRANTS & ALLOCATIONS TO PPMC FOR INTERNAL MEDICINE RESIDENCY PROGRAM, HOSPITALIST PROGRAM, HEART SERVICES, SENIOR HEALTH SERVICES, AND THE NEONATAL INTENSIVE CARE UNIT.


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Board, Officers & Key Employees

Name (title)Compensation
Kelly S Buechler
Frmr Off. - Or Reg. Cpo
$0
Chelsea Sokolow
Chief Philanthropy Officer
$0
Arlene Austinson
Director
$0
Bradley Y Jenkins
Director
$0
Bruce A Schoen
Director
$0
C Andrew Gibson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$738,862
Related organizations$212,381
Government grants $4,314,742
All other contributions, gifts, grants, and similar amounts not included above$6,185,258
Noncash contributions included in lines 1a–1f $638,774
Total Revenue from Contributions, Gifts, Grants & Similar$11,451,243
Total Program Service Revenue$0
Investment income $3,630,176
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,517,955
Net Income from Fundraising Events -$43,808
Net Income from Gaming Activities $50
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,555,616

Grants Awarded

Over the last fiscal year, Providence Portland Medical Foundation has awarded $11,860,764 in support to 2 organizations.

Grant RecipientAmount

PROVIDENCE HEALTH & SERVICES OREGON

PURPOSE: OPERATIONAL & CAPITAL SUPPORT

$11,793,129

CATHOLIC CHARITIES

PURPOSE: OPERATIONAL SUPPORT

$67,635
View Grant Profile

Peer Organizations

Organization NameAssets
Intel Retiree Medical Plan Tr
Santa Clara, CA
$46,329,510
Service Employees Health And Welfare Trust
Seattle, WA
$43,649,270
Ucsf Health Medical Foundation
Emeryville, CA
$38,719,230
Sheet Metal Workers 16 Health And Welfare Fund
Portland, OR
$32,912,751
Inlandboatmens Union Of The Pacific National Health & Welfare Trust
Seattle, WA
$33,535,368
Providence Health & Services Foundation
Burbank, CA
$38,275,119
Childrens Health Council Inc
Palo Alto, CA
$43,949,984
California Pacific Medical Center Foundation
Sacramento, CA
$33,143,522
Machinists Health And Welfare Trust Fund
Seattle, WA
$26,921,783
St Joseph Health System Foundation
Irvine, CA
$10,889,533
John Muir Foundation
Walnut Creek, CA
$58,716,297
Childrens Hospital & Research Center Foundation
Oakland, CA
$26,237,019
Helix Electric Health And Welfare Insurance Trust
San Diego, CA
$20,660,703
Southern Calif Glaziers H&w Tr Fund
Covina, CA
$18,090,899
Seattle Childrens Guild Association
Seattle, WA
$18,850,833
Hilltop Regional Health Center
Tacoma, WA
$26,653,011
Covenant Physician Partners Inc
Renton, WA
$18,191,962
Santa Barbara Cottage Hospital Foundation
Santa Barbara, CA
$45,245,201
Abc California Health Trust
San Diego, CA
$17,910,643
Eba-Pge-Ibew Local Union 125 Health & Welfare Trust
Tukwila, WA
$17,885,483
Gallo Union Health Trust
Modesto, CA
$15,871,343
Providence St Vincent Medical Foundation
Portland, OR
$42,114,354
Alaska Carpenters Health & Welfare Trust Fund
Seattle, WA
$14,352,057
Aliados Health Network
Petaluma, CA
$14,460,915
Collis P & Howard Huntington Memorial Hospital Trust
Pasadena, CA
$3,371,394

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