California Health Foundation And Trust
- Assets
- $155.9m
- Revenue
- $42.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 06/1961
- Data as of
- 12/2022
- EIN
- 94-1498697
Organization Overview
California Health Foundation And Trust is located in Sacramento, CA. The organization was established in 1961. 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. California Health Foundation And Trust 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, California Health Foundation And Trust generated $42.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, California Health Foundation And Trust has awarded 257 individual grants totaling $313,317,734. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ACCESS, RESEARCH, AND EDUCATION IN THE HEALTHCARE FIELD
Describe the Organization's Program Activity:
Part 3 - Line 4a
2019-2021 HOSPITAL GRANT PROGRAM:STATEWIDE EFFORT TO ASSIST HOSPITALS AND HOSPITAL HEALTH SYSTEMS IN CALIFORNIA TO CONTINUE TO PROVIDE ACCESS TO CARE FOR UNINSURED AND UNDERINSURED PEOPLE, PRESERVE PHYSICAL ACCESS TO CARE, AND PROVIDE COMMUNITY SERVICES SUCH AS MENTAL HEALTH ACCESS, WELLNESS, AND PREVENTION PROGRAMS. THE PROGRAM RECOVERS $3.6 BILLION OF THE $7.6 BILLION SHORTFALL ANNUALLY IN MEDI-CAL PAYMENTS.
SUPPORT CRITICAL ACCESS HOSPITALS (CAHS) IN IMPLEMENTING QUALITY IMPROVEMENT ACTIVITIES.
AS OF DECEMBER 31, 2022, CHFT DISCONTINUED THE WALKER SULLIVAN ENDOWMENT PROGRAM AND TRANSFERRED THE CORPUS AND ACCUMULATED INTEREST TO THE UNIVERSITY OF SOUTHERN CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmela Coyle President | OfficerTrustee | 1 | $0 |
Sarah Krevans Chair | OfficerTrustee | 1 | $0 |
Todd A Suntrapak Chair-Elect | OfficerTrustee | 1 | $0 |
Kerry L Heinrich JD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Richard Allen Trustee (thru 05/22) | Trustee | 1 | $0 |
Kay Andalis Cavs Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ca Assn Of Hospitals And Health Systems Professional Services | 12/30/20 | $108,837 |
Rural Health Solutions Professional Services | 12/30/20 | $105,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $449,595 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,083,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,532,895 |
| Total Program Service Revenue | $0 |
| Investment income | $173,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,743,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,206,683 |
| 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 | $57,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,982 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,151 |
| Fees for services: Accounting | $28,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $320,271 |
| Advertising and promotion | $0 |
| Office expenses | $820 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,596 |
| 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 | $20,633 |
| All other expenses | $3,869 |
| Total functional expenses | $2,669,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $135,948,525 |
| Pledges and grants receivable | $19,680,596 |
| Accounts receivable, net | $7,437 |
| 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 | $15,746 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $238,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,890,975 |
| Accounts payable and accrued expenses | $82,452 |
| Grants payable | $1,878,794 |
| 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 | $0 |
| Total liabilities | $1,961,246 |
| Net assets without donor restrictions | $2,011,566 |
| Net assets with donor restrictions | $151,918,163 |
| 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 | $155,890,975 |
Grants Awarded
Over the last fiscal year, California Health Foundation And Trust has awarded $2,178,153 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CEDARS-SINAI MEDICAL CENTER PURPOSE: HF GRANT | $1,453,536 |
HUNTINGTON MEMORIAL HOSPITAL PURPOSE: HF GRANT | $425,258 |
KECK MEDICAL CENTER OF USC PURPOSE: ENDOWMENT TRANSFER TO SCHOOL OF MEDICINE | $264,359 |
MAMMOTH HOSPITAL PURPOSE: FLEX GRANT FUNDS | $15,000 |
ADVENTIST HEALTH TEHACHAPI VALLEY PURPOSE: FLEX GRANT FUNDS | $10,000 |
RIDGECREST REGIONAL HOSPITAL PURPOSE: FLEX GRANT FUNDS | $10,000 |