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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 23-7002687

Salem Health Foundation

SALEM, ORNTEE: E120Founded 1968Website

mission statement

Dedicated to raising, managing and distributing funds to help salem health achieve its mission.

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Total Revenue

$1.8M

FY 2023

Program Spending

96.7%

of total expenses

Known Funders

2019–2024 filings

Key Metrics (FY 2023)

The Numbers

$9.5M

Total Assets

$8.6M net

21.07 mo

Operating Reserves

FY 2023

Active Programs

FY 2023

Sector

NTEE E120

Funding Track Record

Backed by 15 Institutional Funders

$1.7M raised across 32 grants (2019–2024 filings)

Funder Geography

Funders across 6 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Salem Foundation Pioneer Trust Company Trustee	SALEM, OR	$1,385,533
Compton Family Foundation	SALEM, OR	$100,000
Willamette Health Council	SALEM, OR	$50,000
The Brandaw Family Foundation	Wilmington, DE	$38,000
Fidelity Investments Charitable Gift Fund	BOSTON, MA	$31,450
Occu Foundation Inc	EUGENE, OR	$30,000
American Online Giving Foundation Inc	NEWARK, DE	$19,645
Thrivent Financial for Lutherans	MINNEAPOLIS, MN	$17,307
Maps Community Foundation	SALEM, OR	$11,000
Valley Credit Union	SALEM, OR	$10,150

Total tracked: $1,717,816 across 32 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

$4.6M in expenses

Proposals to fund capital equipment and medically related activities at salem health are received and reviewed by the foundation's chief development officer. Proposals are forwarded to the foundation's board of directors for further review and approval if they are considered to be consistent with the foundation's articles of incorporation, stating that its funds are to be used for health care, charitable, and scientific purposes, and for medical and scientific education and research for the use and benefit of salem health.

$87K in expenses

Scholarships: nursing, medical school and other healthcare programs. Recipients of health care related academic scholarships and the amounts of the awards are determined by analyses of the candidates' qualifications, scholarship awards already awarded to them for the year by other organizations, and the costs of the specific schools the certain restricted funds have been created and are used for the purpose various candidates wish to attend.

$43K in expenses

Certain restricted funds have been created and are used for the purpose of assisting diabetes and cancer patients with the costs of their educational, supply and other carerelated expenses. In addition, funds are distributed to assist low income individuals medical requirements.

Financial History