Overview
What is University Hospital Foundation?
The University Hospital Foundation, located at 127 S 500 E, Salt Lake City, UT 84102, is a nonprofit organization that has historically dedicated its resources to fundraising for healthcare services. Specifically, it supports patient care, medical education, and clinical research at the University of Utah Hospitals and Clinics, as well as other similar nonprofit organizations. Despite shifting its focus in March 2017 from active fundraising to managing existing funds, the Foundation continued to provide financial aid, contributing $193,464 to the University of Utah's initiatives during the year ending June 30, 2022.
Official website here: www.healthcare.utah.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The University Hospital Foundation demonstrates a solid commitment to program expenses, with 92.35% of its spending allocated directly to its mission. Additionally, the organization boasts a fully independent board, which is a positive indicator of governance and oversight.
However, the foundation faces some notable limitations that have impacted its overall rating. While it excels in areas such as board independence and financial management, it is lacking in several critical policies. Specifically, the absence of a whistleblower policy and a document retention and destruction policy raises concerns regarding transparency and accountability.
Moreover, the foundation's failure to post its tax forms on its website may hinder public access to important financial information. These areas for improvement should be addressed to enhance the foundation’s credibility and trustworthiness in the eyes of donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is University Hospital Foundation legitimate?
University Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Hospital 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
Official website here: www.healthcare.utah.edu/foundation
What is the mission statement of University Hospital Foundation?
The University Hospital Foundation's mission is centered around raising funds to strengthen patient care, medical education, and clinical research within various nonprofit organizations, including the University of Utah Hospitals & Clinics. Initially, the foundation was primarily focused on fundraising. However, starting from March 2017, its focus shifted towards managing existing funds to continuously support these critical areas. In the fiscal year ending on June 30, 2022, the University Hospital Foundation contributed $193,464 towards these objectives.
Official website here: www.healthcare.utah.edu/foundation
Who is the CEO of University Hospital Foundation?
Karen Macon is the President of University Hospital Foundation.
Official website here: www.healthcare.utah.edu/foundation
What is the revenue of University Hospital Foundation?
University Hospital Foundation's revenue in 2022 was $706,922.
Official website here: www.healthcare.utah.edu/foundation
Who are the executives of University Hospital Foundation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.healthcare.utah.edu/foundation
Where can I find the form 990 for University Hospital Foundation?
University Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.healthcare.utah.edu/foundation
Learn more at the official website: www.healthcare.utah.edu/foundation
Mission Statement of University Hospital Foundation
The University Hospital Foundation, a notable organization, is dedicated to raising funds to support various aspects of healthcare. Its mission encompasses three key areas: patient care, medical education, and clinical research. Specifically, it aims to bolster the efforts of the University of Utah Hospitals & Clinics and other similar nonprofit organizations, contributing to their noble causes. By securing financial resources, the Foundation plays a crucial role in advancing healthcare services, nurturing the next generation of medical professionals, and driving scientific discoveries in the medical field. Following a shift in focus in March 2017, the Foundation now primarily manages existing funds to ensure continuous support for these essential healthcare initiatives.
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Impact
July, 2024
University Hospital Foundation has had a significant impact on healthcare by raising funds to support patient care, medical education, and clinical research for University of Utah Hospitals & Clinics and other similar nonprofit organizations. The Foundation's contributions have played a crucial role in advancing medical services and treatment options for patients in need. Through its fundraising efforts, the Foundation has supported the University of Utah with a substantial amount of financial assistance, totaling $193,464 during the year ended June 30, 2022. This support has helped enhance the quality of healthcare services provided by the University and has contributed to important advancements in medical education and research. The Foundation's commitment to philanthropy has made a tangible difference in improving healthcare outcomes for the community it serves.
This information is meant to be a general summary of University Hospital 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $439,161
- Gross Receipts: $3,991,504
Assets and Liabilities:
- Total Assets: $10,843,733
- Total Liabilities: $0
- Net Assets: $10,843,733
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Organization Details
Founding Year
1990
Phone
(801) 587-6723Principal Officer
Karen Macon
Main Address
127 S 500 E, Salt Lake City, UT, 84102
NTEE Category
Code: T30 - Philanthropy
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