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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 05-0468736

Rhode Island Hospital Foundation

Providence, RINTEE: E110Founded 1992Website

mission statement

To be operated exclusively for charitable, scientific, and educational purposes, and more specifically, for the purpose of supporting and otherwise benefiting and being responsive to the needs of Brown University Health and its affiliates.

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Total Revenue

$18.2M

FY 2023

Program Spending

80.4%

of total expenses

Known Funders

2019–2024 filings

Key Metrics (FY 2023)

The Numbers

$76.1M

Total Assets

$75.9M net

54.41 mo

Operating Reserves

FY 2023

+18%

Revenue Growth

YoY

Sector

NTEE E110

Funding Track Record

Backed by 68 Institutional Funders

$13.8M raised across 200 grants (2019–2024 filings)

Funder Geography

Funders across 17 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Fidelity Investments Charitable Gift Fund	BOSTON, MA	$3,201,243
Ralph R Papitto and Barbara A Papitto Private Family Foundation	HOPE, RI	$2,648,000
The Rhode Island Community Foundation	PROVIDENCE, RI	$2,013,756
Rainwater Charitable Foundation	FORT WORTH, TX	$857,214
The Champlin Foundation	PITTSBURGH, PA	$700,000
Gs Donor Advised Philanthropy Fund for Wealth Management Inc	NEW YORK, NY	$546,000
Rhode Island Hospital	Providence, RI	$473,193
Twelve Stars Foundation	LINCOLN, MA	$400,000
R I H Orthopaedic Foundation Inc	PROVIDENCE, RI	$340,000
The Gruben Charitable Foundation	NEWPORT, RI	$295,000

Total tracked: $13,781,796 across 200 grants (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$8.1M in expenses

During fiscal year 2024, RIHF made transfers of $2,018,859 to provide the resources to support the design and construction costs of refurbishing and updating the RIH Lobby. Other significant philanthropic transfers to RIH were as follows: (1) $808,298 to RIH's Next Generation of Cancer Research Scholars Program supporting BIPOC education and treatment; (2) $790,193 to provide resources to support critical components necessary to create an environment to treat and unravel mysteries of the brain and nervous system; (3) $706,601 to support renovations and expansion of cancer research lab space and classrooms on Coro's third floor; and(4) $700,000 to support renovations and improvements in the MRI Department.

$4.9M in expenses

Through the development and administration of its philanthropic activities, Rhode Island Hospital Foundation (RIHF) is able to transfer funds raised to Rhode Island Hospital (RIH) to support its mission and purposes, which in turn benefits the Rhode Island community. Most notably, RIHF provides philanthropic support to various programs at Hasbro Children's Hospital (HCH), the pediatric division of RIH. In fiscal year 2024, the Foundation transferred the following to various HCH programs and capital projects: $899,660 in support of the Child Life Program, which offers pediatric patients and their families opportunities for recreation, creativity, and diversion to provide a sense of normalcy during their hospital stay. (Continued in Schedule O)

$484K in expenses

RIHF remitted $483,738 of endowment earnings to The Warren Alpert Medical School of Brown University in fiscal year 2024 in support of shared chairs in cardiothoracic surgery, orthopedics, urology, emergency medicine, and oncology.

Financial History