$755K in expenses

The organization was formed to administer gifts in support of sparks health system and to promote the healthcare services of sparks health system as a supporting organization. Sparks health system assets were sold 11/30/2009 and the organization will assist in distributing, when needed, the proceeds from the sale in support of charitable 501(c)3 organizations in western arkansas and eastern oklahoma. On april 18, 2014 the board of sparks passed a resolution to contribute up to $50,000,000 as a restricted contribution in support of developing an institution of health education. The arkansas colleges of health education (ache) was organized and the balance of the sparks funds were transferred to ache in september 2017. In june 2019, the degen board voted to become a supporting organization to ache while continuing to fund local and religious healthcare related to 501(c)3 organizations and healthcare related student scholarships. During the year ended june 30, 2024, the united way of fort smith area, INC. Was added as a supported organization of the degen foundation.