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Henry Ford Health System Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237383042 ✦ Detroit, MI ✦ Designated as a 501(c)(3)

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Overview

What is Henry Ford Health System Foundation?

The Henry Ford Health System Foundation, an affiliate of Henry Ford Health System in Detroit, Michigan, serves the metropolitan Detroit community by managing an endowment fund and providing funding for various research and initiatives of Henry Ford Health. The foundation's mission is to enhance human life by supporting excellence in the science and art of healthcare and healing. It advances the goals and mission of Henry Ford Health System by offering financial assistance to numerous research projects and other undertakings within the organization, ultimately aiming to improve people's lives through the advancement of healthcare.

What are the reviews and ratings of this charity?

Charity Navigator Rating 94% - Four-Star out of Four Star rating

The Henry Ford Health System Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting exceptional accountability and financial health. The charity's high score is attributed to its strong financial oversight and governance practices, including having a majority of independent board members and robust policies in place for conflict of interest, whistleblowing, and document management.

Strengths include a solid program expense ratio of 99.30%, indicating that almost all of its expenditures are dedicated to its programs rather than administrative costs. Additionally, the foundation has no reported issues with asset diversion, showcasing its commitment to ethical financial management. The organization also demonstrates effective auditing processes and transparency, which are crucial for donor trust.

While the foundation stands out in many areas, the data does not highlight specific programmatic outcomes or community impact, which could provide a more comprehensive understanding of its effectiveness. However, its strong financial metrics and governance structure position it as a reliable nonprofit in the healthcare sector.


This AI summary has been generated from information found on Charity Navigator.

Is Henry Ford Health System Foundation legitimate?

Henry Ford Health System Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Henry Ford Health System Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Henry Ford Health System Foundation?

The Henry Ford Health System Foundation is an affiliate of Henry Ford Health System, dedicated to enhancing the quality of life through financial support of healthcare and healing. As part of one of the leading comprehensive healthcare systems in the nation, the foundation's mission aligns with Henry Ford Health's goals. By providing funding for various research and initiatives within the organization, the foundation contributes to advancing healthcare and improving human lives. The foundation's commitment extends to the science and art of healthcare and healing, striving to make a significant impact on people's wellbeing.

Who is the CEO of Henry Ford Health System Foundation?

Robin Damschroder is the Trustee President/Ceo (Thru 7/2022) of Henry Ford Health System Foundation. The CEO's salary of Henry Ford Health System Foundation is $0 and their total compensation is $3,051,952.

What is the revenue of Henry Ford Health System Foundation?

Henry Ford Health System Foundation's revenue in 2022 was $32,010,107.

Who are the executives of Henry Ford Health System Foundation and what are their salaries?


Here are 44 key members and their salaries (Henry Ford Health System Foundation's CEO's salary is $0 and their total compensation is $3,051,952):


Wright L Lassiter Iii (Trustee President/Ceo (Thru 7/2022))
  • Compensation: $0
  • Related: $4,029,820
  • Other: $1,993,507
Robert G Riney (Trustee/ President/Ceo (Start 7/2022))
  • Compensation: $0
  • Related: $2,993,892
  • Other: $58,060
Alfred J Fisher Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen H Demchik (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benson Ford Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Calvin R Ford (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlotte A Ford (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David M Hempstead (Trustee)
  • Compensation: $0
  • Related: $15,000
  • Other: $0
David P Larsen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frederick Lavery Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gretchen Gonzales Davidson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry W Lim Md (Physician Trustee)
  • Compensation: $0
  • Related: $606,714
  • Other: $55,588
Ian Burnstein (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Tamaroff (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen J Whelan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth A Fruehauf (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Anne Sasena (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leroy C Richie (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Hayman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Ford Alandt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manu K Malhotramd (Physician Trustee)
  • Compensation: $0
  • Related: $617,330
  • Other: $60,779
Mary Jane Vogt (Trustee)
  • Compensation: $0
  • Related: $675,905
  • Other: $94,723
Michael E Berger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nikolaos Moschouris (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter D Cummings (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pompilio E D'Agostini (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert C Bobb (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronnie J Boji (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra E Pierce (Trustee - Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shari E Finsilver (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven N Kalkanis Md (Physician Trustee)
  • Compensation: $0
  • Related: $1,676,555
  • Other: $295,526
Tiffany Slemmons Douglas (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd A Wyett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vivian Rogers Pickard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vonda Grant (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter E Douglas (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William W O'Neillmd (Physician Trustee)
  • Compensation: $0
  • Related: $2,033,460
  • Other: $53,308
Gwen S Weiner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marjorie A Staten Jd (Assistant Secretary)
  • Compensation: $0
  • Related: $212,050
  • Other: $14,110
Michelle Johnson Tidjani Esq (Secretary)
  • Compensation: $0
  • Related: $1,660,930
  • Other: $60,398
Robin S Damschroder (Treasurer)
  • Compensation: $0
  • Related: $2,718,752
  • Other: $61,455
William A Conway Md (Former Physician Trustee)
  • Compensation: $0
  • Related: $166,393
  • Other: $37,457
Tamer A Ghanem Md (Former Physician Trustee)
  • Compensation: $0
  • Related: $406,031
  • Other: $54,555
Celeste Williams Md (Former Physician Trustee)
  • Compensation: $0
  • Related: $460,860
  • Other: $32,806
Where can I find the form 990 for Henry Ford Health System Foundation?

Henry Ford Health System Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Henry Ford Health System Foundation

The Henry Ford Health System Foundation, an affiliate of Henry Ford Health, is dedicated to enhancing human life by advocating for excellence in healthcare and healing. By supporting the goals and mission of Henry Ford Health, this organization contributes significantly to the advancement of the science and art of healthcare. The Henry Ford Health System Foundation finances various research and initiatives of Henry Ford Health, ultimately striving to enhance the overall quality of life for individuals in need.

Founded as an integral component of one of the nation's leading comprehensive, integrated healthcare systems, the Henry Ford Health System Foundation is committed to making a difference through its financial backing of essential healthcare programs. The foundation's unwavering support of Henry Ford Health's mission enables the organization to provide top-notch care and innovative treatments to the communities it serves. By fostering a culture of scientific discovery and advancement, the Henry Ford Health System Foundation continues to pave the way for progress in the realm of healthcare and healing.

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Impact




October, 2024

Henry Ford Health System Foundation significantly enhances the quality of healthcare and healing in the metropolitan Detroit area by managing an endowment fund strategically aligned with health needs analysis. The foundation supports vital research and initiatives that advance the goals of Henry Ford Health, one of the nation’s leading integrated health systems. Through targeted funding, it fosters excellence in both the science and art of healthcare, ultimately aiming to improve human life. By prioritizing innovative projects and research, the foundation plays a crucial role in advancing medical knowledge and practices, profoundly impacting community health and well-being.




This information is meant to be a general summary of Henry Ford Health System Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$32,010,107 (2022)
Expenses
$17,666,201 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $31,976,320
  • Gross Receipts: $156,135,259

Assets and Liabilities:

  • Total Assets: $346,675,824
  • Total Liabilities: $17,100,000
  • Net Assets: $329,575,824

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Organization Details

Founding Year

1974

Principal Officer

Robin Damschroder

Main Address

ONE FORD PLACE - 5F, DETROIT, MI, 48202

NTEE Category

Code: E110 - Health

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