Program areas at Lifespan Foundation
In fiscal year 2023, the Foundation transferred $2,500,000 to Rhode Island Hospital (RIH), to provide increased opportunities for Black, Indigenous, and people of color (BIPOC) to have greater access to employment, job training, healthcare professional certification, advanced education, and leadership development.
The Foundation and Brown have an agreement pursuant to which each entity maintains an endowment fund representing 50% of an endowment gift, the income from which supports a diagnostic imaging shared chair. The agreement specifies a spending rate which is applied to the trailing three-year average fair value of the endowment fund to arrive at an amount used to support the named professorship. Payments distributing this amount, which are made by the Foundation to Brown on a quarterly basis, totaled $89,506 in fiscal year 2023.
In fiscal year 2023, the Foundation transferred $573,777 to RIH to be used for cancer support, and well as support various patient care enhancement projects and research in the Lifespan Cancer Institute.
Grants made by Lifespan Foundation
Who funds Lifespan Foundation
Grants from foundations and other nonprofits
Personnel at Lifespan Foundation
| Name | Title | Compensation | Date of data |
|---|
| Peter K Markell | Executive Vice President and Chief Financial Officer | | 2023-08-11 |
| Nicholas J Dominck | President | $0 | 2022-09-30 |
| Paul J Adler | Secretary | $0 | 2022-09-30 |
| David A Kirshner | Treasurer | $0 | 2022-09-30 |
| Timothy J Babineau | Trustee - 6 and 22 / President - 11 and 20 | $0 | 2022-09-30 |
| ...and 4 more key personnel |
Financials for Lifespan Foundation
| Revenues | FYE 09/2023 | FYE 09/2022 | % Change |
|---|
| Total grants, contributions, etc. | $478,006 | $485,529 | -1.5% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $132,446 | $142,284 | -6.9% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $80,346 | $-297,277 | 127% |
| Net income from fundraising events | $3,532 | $-11,730 | 130.1% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $694,330 | $318,806 | 117.8% |
Organizations like Lifespan Foundation
| Organization | Type | Location | Revenue |
|---|
| Wilson Health Foundation | 501(c)(3) | Sidney, OH | $592,726 |
| Ascension St Elizabeth Foundation | 501(c)(3) | St Louis, MO | $825,922 |
| Eaton Rapids Medical Center Foundation | 501(c)(3) | Eaton Rapids, MI | $184,658 |
| Foundation for Womans | 501(c)(3) | Baton Rouge, LA | $2,487,656 |
| Hugh Chatham Memorial Hospital Foundation | 501(c)(3) | Elkin, NC | $511,576 |
| Horizon Health Foundation | 501(c)(3) | Howard, SD | $705,262 |
| Conway Hospital Foundation | 501(c)(3) | Conway, SC | $776,874 |
| Ephrata Community Health Foundation | 501(c)(3) | York, PA | $799,923 |
| Prairie Ridge Health Foundation | 501(c)(3) | Columbus, WI | $319,993 |
| Omc Regional Foundation | 501(c)(3) | Rochester, MN | $715,333 |
Data update history
October 3, 2023
Updated personnel
Identified 2 new personnel
October 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Hospital foundationsGrantmaking organizationsHealth organizationsChapter / child organizationsCharities
Issues
Health
Characteristics
Funds one specific organizationProvides grantsFundraising eventsEndowed supportFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 167 Point St
- Providence, RI 02903
- Metro area
- Providence-Warwick, RI-MA
- County
- Providence County, RI
- Website URL
- lifespan.org/Â
- Phone
- (401) 444-6500
IRS details
- EIN
- 05-0493219
- Fiscal year end
- September
- Taxreturn type
- Form 990
- Year formed
- 1996
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- E11: Health Care Single Organization Support
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Subordinate organization
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