Beacon Health Foundation Inc

What it reported doing in 2024

On November 23, 2011, Beacon Health System, Inc. (the "Corporation") was founded as the parent organization of Memorial Hospital of South Bend, Inc. ("MHSB") and Elkhart General Hospital, Inc. ("EGH"). Its mission is to provide a comprehensive range of health-related services for North Central Indiana and Southwestern Michigan. The Corporation, along with its subsidiaries, offers a continuum of care to the community, encompassing health promotion, disease prevention, diagnosis, inpatient and outpatient care, and home health services. The Corporation oversees MHSB, EGH, Community Hospital of Bremen, Three Rivers Health, Beacon Medical Group (BMG), Beacon Health Foundation (BHF) (formerly Memorial Health Foundation, Inc. (MHF)), and Beacon Health Ventures, Inc. (BHV), collectively known as the "System."Beacon Health Foundation, Inc. (BHF) is a tax-exempt, non-private foundation. It was established in 1982 to provide philanthropic support to MHSB and continues to provide this support to the newly created Corporation through contributions and management of endowment funds. Beacon Health Foundation's mission is to support the work of Beacon Health System by inspiring generosity and commitment. BHF exists to allow people to support Beacon in a way that connects them with their impact on our work in the community. Beacon Health Foundation works to support Beacon Health System in three key ways:- Creating relationships- Inspiring investment- Stewarding resourcesCreating Relationships: Beacon Health Foundation (BHF) raises funds for Beacon Health System, Inc. BHF's job is to ensure that the charitable support of Beacon is used to create the most significant impact possible in a way that is most meaningful to each donor. The Health System relies on our community's support to ensure that we can always provide the highest quality services for every patient.Inspiring Investment: In 2024, fundraising at Beacon Health Foundation focused on the following areas:- Corporate fundraising- Grant writing, focusing on private, corporate and family foundations- Online giving- Major gift fundraising- Direct mail fundraisingFunds available at BHF to support Memorial's mission as of December 31, 2024: Children's Services $1,982,465Trauma Services $6,957,508System Priorities $955,113Cancer Services $225,344Stewarding Resources: In 2024, funds from Beacon Health Foundation were to support the following areas at Beacon: Distribution Fund Description and Amount: Cancer Services $5,049 Cardiovascular Services $1,802 Children's Services $771,277Children's Support Services $94,898Community Impact $193,237Continuing Education $58,274Education Endowments Spendable $45,702Emergency/Trauma Services $38,899Events $157,552Family Medicine Residency $69,582Patient Care Programs $2,028,100Physician Philanthropy Council $137,508Scholarships $55,960Support Services $127,813System Priorities $633,841Women's Services $8,709Total $4,428,203

Financial Efficiency

• Mission deployment rate: 46.2%; rating input score 46
• Program expense ratio: 68.7%; rating input score 69
• Fundraising efficiency: $9.95 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 95.4%; rating input score 95; 25th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 64.6%; rating input score 96; 96th percentile among comparable filings
• Total-asset coverage ratio: 7.79; rating input score 89; 89th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
• Officer compensation ratio: 9.4%; rating input score 23; 23rd percentile among comparable filings

Growth

• Program expense growth: 2.3% per year; rating input score 100; 21st percentile among comparable filings
• Revenue growth: 12.2% per year; rating input score 100; 81st percentile among comparable filings
• Asset growth: 5.1% per year; rating input score 100; 36th percentile among comparable filings