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EIN 23-2176723

Lankenau Medical Center Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Wynnewood
State
Pennsylvania
Year formed
1981
Most recent tax filings
2023-06-01
NTEE code, primary
T30: Public Foundations
Description
The Lankenau Medical Center Foundation is a charitable organization that engages in fundraising and investment activities to support Lankenau Medical Center and Lankenau Institute for Medical Research. It allocates funds in accordance with donor intent, including medical education, medical research, indigent care, capital purchases, and support for other hospital programs. The foundation is located in Wynnewood, Pennsylvania.
Related structure
Lankenau Medical Center Foundation is a subordinate organization under Main Line Health Center in Newtown Square.
Total revenues
$12,576,070
2023
Total expenses
$18,383,180
2023
Total assets
$446,656,490
2023
Num. employees
0
2023

Program areas at Lankenau Medical Center Foundation

Expenses consist of funds spent in accordance with donor intent; e.g. medical education, medical research, indigent care, capital purchases, and support for other hospital programs.

Grants made by Lankenau Medical Center Foundation

GranteeAmount
Main Line Health Center in Newtown Square$13,134,182
Lankenau Institute for Medical Research (LIMR)$3,533,364

Who funds Lankenau Medical Center Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Delema G Deaver Fund TWEmc Expansion$2,500,000
The Barbara Brodsky FoundationTo Further Public Service$1,083,333
Charles P O'Connor Tuw 0384-00-17To Provide Support To the Lankenau Hospital Foundation$462,001
...and 30 more grants received totalling $5,087,790

Personnel at Lankenau Medical Center Foundation

NameTitleCompensation
Yonathan KebedeVice President, Operations
Karrie BorgeltSenior Vice President, Development, Main Line Health
Fran CusickVice President, Patient Care Services
William SurkisVice President for Medical Education and Vice President for Medical Affairs
Michael J BuongiornoTreasurer$0
...and 12 more key personnel

Financials for Lankenau Medical Center Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,858,993
Program services$0
Investment income and dividends$8,583,813
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$133,264
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$12,576,070

Form 990s for Lankenau Medical Center Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-10-17990View PDF
2022-062023-05-11990View PDF
2021-062022-07-18990View PDF
2020-062021-05-20990View PDF
...and 12 more Form 990s

Organizations like Lankenau Medical Center Foundation

OrganizationLocationRevenue
Erlanger FoundationsChattanooga, TN$4,553,500
Garnet Health Foundation (ORMC)Middletown, NY$3,875,440
The Medical Center FoundationGainesville, GA$9,434,094
Gillette Children's FoundationSaint Paul, MN$13,656,321
Centracare Health FoundationSaint Cloud, MN$11,665,508
Tallahassee Memorial Healthcare FoundationTallahassee, FL$3,258,733
Abington Health FoundationPhiladelphia, PA$38,747,170
Mercy FoundationRoseburg, OR$4,513,558
The Foundation of FirsthealthPinehurst, NC$10,335,371
Franciscan Health,Mishawaka, IN$8,459,131
Data update history
August 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 4, 2024
Updated personnel
Identified 4 new personnel
July 17, 2024
Received grants
Identified 7 new grant, including a grant for $1,083,333 from The Barbara Brodsky Foundation
May 18, 2024
Received grants
Identified 12 new grant, including a grant for $60,000 from The Gordon Charter Foundation
November 28, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsChapter / child organizationsCharities
Issues
Health
Characteristics
Funds one specific organizationProvides grantsFundraising eventsEndowed supportCommunity engagement / volunteeringTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
100 Lancaster Ave
Wynnewood, PA 19096
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Montgomery County, PA
Website URL
mainlinehealth.org/ways-to-give/lankenau-medical-center-foundation/leadership 
IRS details
EIN
23-2176723
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1981
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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