Overview
What is Indiana University Health Foundation Inc?
Indiana University Health Foundation Inc, based in Indianapolis, Indiana, functions as a supporting organization for IU Health Inc. and its affiliated entities. Through philanthropy, the foundation contributes significantly to these organizations, funding essential community health initiatives, totaling over $28 million in 2022. With a shared mission, Indiana University Health Foundation aims to contribute to IU Health's goal of making Indiana one of the healthiest states in the nation.
Official website here: www.iuhealth.org/iu-health-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator.
The Indiana University Health Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The score is based solely on its accountability and finance metrics, which highlights the organization's commitment to transparency and responsible management of funds. With a fiscal year ending in 2022, the foundation has demonstrated a robust financial health characterized by a low liabilities to assets ratio of 6.40% and a high program expense ratio of 90.62%.
Strengths of the foundation include a majority independent board, with 75% of its members being independent, which enhances governance and decision-making. Additionally, the foundation has established comprehensive policies such as conflict of interest, whistleblower, and document retention, all of which are fully in place. The thorough oversight of financial statements further underscores the foundation's dedication to maintaining integrity in its operations.
While the ratings and reviews indicate a solid organizational structure and financial oversight, specific user feedback regarding program impact and community engagement is not available. This absence of qualitative data suggests a need for more insights on how the foundation's initiatives are perceived by those it aims to serve, although its financial metrics remain exemplary.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana University Health Foundation Inc legitimate?
Indiana University Health Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana University Health Foundation Inc 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: $606,488
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.iuhealth.org/iu-health-foundation
What is the mission statement of Indiana University Health Foundation Inc?
The Indiana University Health Foundation utilizes philanthropy to reinforce IU Health's objective of making Indiana one of the healthiest states in the nation. By leveraging donations, the foundation supports various community health initiatives. In 2022, the organization provided over $28 million in funding to IU Health and its affiliated organizations. This financial contribution significantly impacts the implementation of essential health programs. The Indiana University Health Foundation's mission is centered around enhancing the overall health and wellbeing of the community through charitable giving.
Official website here: www.iuhealth.org/iu-health-foundation
Who is the CEO of Indiana University Health Foundation Inc?
Unavailable
Official website here: www.iuhealth.org/iu-health-foundation
What is the revenue of Indiana University Health Foundation Inc?
Indiana University Health Foundation Inc's revenue in 2022 was $33,271,162.
Official website here: www.iuhealth.org/iu-health-foundation
Who are the executives of Indiana University Health Foundation Inc and what are their salaries?
There 80 volunteers at Indiana University Health Foundation Inc.
Here are 20 key members and their salaries:
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- Other: $0
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- Related: $420,027
- Other: $54,750
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- Related: $6,750
- Other: $0
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- Other: $0
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- Related: $37,500
- Other: $0
- Compensation: $0
- Related: $415,749
- Other: $30,067
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- Other: $0
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- Related: $4,034,072
- Other: $948,772
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- Related: $1,355,997
- Other: $35,429
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- Related: $430,595
- Other: $74,201
- Compensation: $0
- Related: $180,579
- Other: $37,142
- Compensation: $0
- Related: $169,808
- Other: $49,389
- Compensation: $0
- Related: $307,513
- Other: $54,915
Official website here: www.iuhealth.org/iu-health-foundation
Where can I find the form 990 for Indiana University Health Foundation Inc?
Indiana University Health Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iuhealth.org/iu-health-foundation
Learn more at the official website: www.iuhealth.org/iu-health-foundation
Mission Statement of Indiana University Health Foundation Inc
The Indiana University Health Foundation, a philanthropic organization, is dedicated to enhancing the health and wellbeing of Indiana's population. By harnessing the power of charitable giving, the Foundation supports the IU Health's mission to make Indiana one of the healthiest states in the nation.
Through substantial financial contributions, totaling over $28 million in 2022, the Indiana University Health Foundation has played a vital role in funding essential community health initiatives under the auspices of IU Health Inc. and its affiliated organizations. This philanthropic support has enabled the advancement of various healthcare projects and programs, ultimately contributing to the overall improvement of public health in Indiana.
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Impact
October, 2024
Indiana University Health Foundation Inc. significantly impacts community health through its philanthropic efforts, allocating over $28 million in funding to Indiana University Health and its affiliated organizations in 2022 alone. This funding supports vital community health initiatives, helping to further the goal of making Indiana one of the healthiest states in the nation. By leveraging the power of philanthropy, the Foundation plays a critical role in enhancing health services, promoting wellness, and addressing health disparities throughout the state. Its efforts contribute to improving the overall health landscape in Indiana, ultimately benefiting the well-being of local communities and populations.
This information is meant to be a general summary of Indiana University Health Foundation Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,691,199
- Program Service Revenue: $1,038,163
- Gross Receipts: $82,311,902
Assets and Liabilities:
- Total Assets: $301,824,349
- Total Liabilities: $19,318,046
- Net Assets: $282,506,303
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROFESSIONAL FEE REVENUE
Revenue
$1,038,163
Organization Details
Founding Year
1961
Phone
(317) 962-1777Main Address
1633 N CAPITOL AVE 1200, INDIANAPOLIS, IN, 46202
NTEE Category
Code: E11 - Health
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