Presbyterian Healthcare Foundation

What it reported doing in 2024

Presbyterian healthcare foundation has been firmly committed to a singular purpose -improving health-since its founding in 1968 as one of the first 100 hospital foundations in the country. In the past 56 years, we have prioritized fundraising for four core areas: 1) nursing/staff education; 2) patient assistance (for transportation, lodging and other basic needs); 3) program support; and 4) capital needs (facility construction/renovation and equipment). Our donors have provided millions of dollars for patient-centered work, which otherwise might not happen. Philanthropy is especially important for priority programs that aren't financially self-sustaining, such as presbyterian community health initiatives addressing food insecurity, and programs such as reset, which support the well-being of our physicians and other providers. Because our foundation operations are funded entirely with income from two endowments, we can direct 100% of new charitable contributions to programs aimed at improving health: no portion of new gifts support fundraising or administrative expenses. In 2024, the foundation raised $8,091,063 and provided $10,152,336 in immediate funding to presbyterian programs. Included in these amounts are cash, estate and in-kind contributions, and special-event income. As of december 2024, net assets were $132,564,368. 1. Fundraising for specific programs: the foundation solicits gifts from individuals, corporations and foundations, and coordinates fundraising campaigns and special events throughout the year to raise funds for both specific causes and general health system needs. These efforts include: * major and planned gifts: the foundation solicits transformational gifts through major and planned giving initiatives. Major gifts are defined as single or multi-year contributions of $10,000 or more and may be designated for capital and program needs, or undesignated. Funding can be immediately expendable or to create or supplement an endowed (permanent) fund. Planned gifts are most often given in the form of bequests (gift designation in a will or living trust), as well as retirement plan and life insurance beneficiary designations. In 2024, major and planned gifts totaled $4.4 million. Additional pledges in major and planned gifts were $565,000. * daffodil days: this 42-year-old fundraiser is a week-long event, made possible by 200+ volunteers, sponsors and flower purchasers. Daffodil bunches and arrangements are sold at locations in albuquerque, rio rancho and santa fe. Event proceeds support operations of the presbyterian robert wertheim hospice house, a 10-bed facility providing end-of-life (hospice) care. In 2024, daffodil days had net proceeds of $233,000. * cornerstone campaign: the cornerstone campaign seeks contributions of less than $10,000 from community members (non-employees) for organizational priorities. The primary focus is securing contributions from new donors and retaining and growing their support in subsequent years. The foundation's guardian angel program, which seeks gifts in honor of any provider or staff member, is a key part of the cornerstone program, recognizing that gratitude for an exceptional care experience is a primary motivator for healthcare philanthropy. * presgiving campaign: presgiving is the annual employee campaign, seeking payroll, cash and paid time off contributions. The campaign has two primary components: 1) recruitment of new employee donors through the "brilliance in the basicsientation; and 2) a two-month fall campaign conducted in partnership with united way of north central New Mexico. Presgiving contributions to phf typically total around $1 million annually for programs and needs throughout presbyterian. 2. Philanthropic impact: our impact is measured in both dollars and lives touched. In 2024, the foundation directed $10.2 million back to presbyterian healthcare services (phs)-the highest total in recent years. This funding came at a time of enormous financial challe

Financial Efficiency

• Mission deployment rate: 93.6%; rating input score 94
• Program expense ratio: 74%; rating input score 74
• Fundraising efficiency: $5.8 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

• Consistency checks: 95%; rating input score 95; 25th 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: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 86.4%; rating input score 86; 19th percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 0.2%; rating input score 33; 33rd percentile among comparable filings
• Total-asset coverage ratio: 9.52; rating input score 91; 91st percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 91; 91st percentile among comparable filings
• Officer compensation ratio: 1.6%; rating input score 80; 80th percentile among comparable filings

Growth

• Program expense growth: 14.5% per year; rating input score 100; 82nd percentile among comparable filings
• Revenue growth: 2% per year; rating input score 100; 18th percentile among comparable filings
• Asset growth: 5.1% per year; rating input score 100; 36th percentile among comparable filings