named programs · 5 · from sources
what they call their work
Endowment Fund Program
Manages donor-established endowments that are professionally invested; annual spending (3–5%) supports designated programs in perpetuity
Major Gifts Program
Secures large-scale philanthropic support; under leadership of Senior Vice President of Major Gifts, has secured over $200 million including transformative gifts like the Bob Bové Neuroscience Institute
Restricted Support Program
Manages donor-restricted gifts totaling $51.4 million as of 2024, directing funds to specific departments or programs as designated
Unrestricted Giving Initiative
Directs flexible funding to urgent needs across HonorHealth, including emergency responses like the COVID-19 pandemic
Unrestricted Giving Program
Uses unrestricted donations to meet immediate HonorHealth needs, with $96.8 million in unrestricted funds as of 2024
activities · 6 groups
what they do
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Philanthropic Fundraising for Medical Research and Care 4 activities
- Fundraising events for community health causesOrganizes and hosts annual fundraising events such as Croquet for a Cure and the HonorHealth Foundation Pro-Am to support community health initiatives and urgent healthcare needs, including donor engagement for clinical care and research programs.
- Fundraising events for community health causesOrganizes and hosts annual fundraising events such as Croquet for a Cure and the HonorHealth Foundation Pro-Am to support community health initiatives and urgent healthcare needs, including donor engagement for clinical care and research.
- Major gifts and philanthropic campaign leadershipSecures large-scale philanthropic contributions, including over $200 million in total support under major gifts leadership, with specific achievements such as securing $85 million for initiatives like the Bob Bové Neuroscience Institute and raising $91 million for system-wide mission advancement.
- Support for HonorHealth medical centers and clinical innovationProvides financial and operational support to one or more of the nine HonorHealth medical centers, advancing clinical programs and investing in the future healthcare system through donor-funded initiatives and innovative research.
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Endowment & Donor-Advised Fund Management 2 activities
- Investment and endowment management for healthcare sustainabilityManages a portfolio of endowed and invested funds, including $342.8 million in total investments in 2024 with a 10.18% rate of return, to ensure long-term financial sustainability and ongoing support for donor-designated healthcare programs.
- System-wide investment and financial stewardshipManages a large-scale investment portfolio ($342.8 million in 2024) to ensure long-term financial sustainability and support for HonorHealth’s healthcare delivery system, achieving a 10.18% rate of return.
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Medical Equipment Donation and Support 2 activities
- Philanthropic funding allocation for clinical care and patient supportDistributes donor-funded and unrestricted gifts to support patient care, family support services, and urgent healthcare needs across HonorHealth medical centers, including responses to public health crises like COVID-19.
- Philanthropic funding allocation for healthcare programsAllocates unrestricted gifts to meet immediate healthcare needs across HonorHealth, while managing restricted and endowed gifts to support donor-designated departments, programs, or initiatives with annual spending drawn from investment returns.
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Pediatric & Specialty Disease Research Funding 2 activities
- Research funding and innovation supportSupports innovative medical research initiatives through donor funding, contributing to advancements in areas such as neuroscience and broader clinical innovation within the HonorHealth system.
- Support for medical research and clinical innovationProvides donor-funded support for innovative research initiatives and advances clinical programs, including major investments such as the creation of the Bob Bové Neuroscience Institute.
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Community Health Access Expansion 1 activity
- Support for clinical care, research, and social determinants of healthFunds and implements programs that deliver clinical care, advance medical research, address social determinants of health, and provide support to patients and families in need, including urgent responses to public health crises like COVID-19.
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Uncategorized 1 activity
- Management of restricted and endowed charitable fundsHolds and manages restricted gifts and endowed funds in investment accounts, releasing annual distributions (3%–5% of fund value) to support donor-designated departments, programs, and long-term healthcare initiatives within HonorHealth.
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financials · form 990 · fy2022
revenue
Total revenue$90.92M
Contributions & grants$37.61M41%
Program service revenue$00%
Investment income$53.23M59%
Other revenue$79K
expenses
Total expenses$45.49M
Program expenses78%
Admin / overhead7%
Fundraising14%
Salaries & benefits$6.28M
Grants paid out$35.70M
Largest expense lineCompensation
balance sheet
Total assets$297.00M
Cash$464K
Investments$274.58M
Liabilities$25.59M
Net assets$271.41M
Liquid reserves72.6 mo
2 years on record · 2020–2022 · YoY revenue +65.9%
leadership · form 990 part vii · fy2022
who runs it
paid leadership · 9
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| TODD LAPORTE | TRUSTEE/HONORHEALTH NETWORK CEO (SEE SCHEDULE O) | 1 | $2.88M |
| JARED LANGKILDE | FOUNDATION PRES/CEO | 40 | $688K |
| JOANNE SMITH | SVP-FUNDRAISING DVLPMNT | 40 | $307K |
| ASHLEIGH LEITE | SVP-MAJOR GIFTS | 40 | $274K |
| DEBRA STEVENS | SVP - COMM & DONOR RLTS | 40 | $271K |
| BRENDA SOLOMON | VP-MAJOR GIFTS | 40 | $263K |
| PATRICIA ELDER | VP-PLANNED GIVING | 40 | $228K |
| JENNIFER M BRADSHAW | FOUNDATION CONTROLLER | 40 | $134K |
| JOHN FERREE | SPECIAL ADVISOR TO HH CEO | 0 | $104K |
board members · 16
- Alison McAdam — TRUSTEE
- BARBARA STEINER (AS OF 722) — TRUSTEE
- C DENNIS KNIGHT — TRUSTEE
- CARTER EMERSON — TRUSTEE
- CHERYL MELOCIK — TRUSTEE/VICE CHAR
- CURT FEUER — TRUSTEE
- DAVID WATSON — TRUSTEE/IMMEDIATE PAST CHAIR
- EK GAYLORD II — TRUSTEE
- ELIOT MINSKER — TRUSTEE
- FREDERICK LYNN — TRUSTEE
- HOWARD KATZ — TRUSTEE
- JAMES GRABER — TRUSTEE/TREASURER
- JAMES REED (thru 622) — TRUSTEE/TREASURER
- JEFFREY SCHLEIN — TRUSTEE
- JERRE STEAD — TRUSTEE
- JOHN LUCKING (AS OF 722) — TRUSTEE
relationships · 8
who they work with
- Association for Healthcare Philanthropy Network — Recognized as a Top Performer and in the top 25 percent for net fundraising.
- Better Business Bureau Government — Accredited as a charity following review of compliance with Standards of Accountability.
- Charity Navigator Government — Recognized with a 100/100 Encompass Rating for transparency, efficiency, and leadership.
- Charity Navigator Network — Rated HonorHealth Foundation with a 100/100 overall score, including perfect scores in Finance & Accountability and Leadership & Adaptability.
- Guidestar Government — Awarded Platinum Seal of Transparency for full disclosure of fundraising and financial practices.
- HonorHealth Partner — HonorHealth Foundation is wholly owned by HonorHealth and supports its mission through philanthropy.
- HonorHealth Partner — Primary beneficiary of foundation fundraising, with funds supporting its mission of patient care and medical innovation.
- Merrill Lynch Partner — Manages HonorHealth Foundation's investment portfolio under direction of the Board of Trustees