EIN 05-0468736

Rhode Island Hospital Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1992
Most recent tax filings
2023-09-01
NTEE code, primary
Description
The Rhode Island Hospital Foundation transferred $1,830,975 to HCH in fiscal year 2022 to support the Renovations Program by the Pediatric Division of RIH, Hasbro Children's Hospital. In addition, it made transfers of $817,455 to support research on epigenetics in adult malignant glioma and $770,170 to provide other significant philanthropic support at RIH.
Related structure
Rhode Island Hospital Foundation is a subordinate organization under Rhode Island Hospital.
Total revenues
$15,408,248
2023
Total expenses
$14,430,872
2023
Total assets
$70,660,788
2023
Num. employees
0
2023

Program areas at Rhode Island Hospital Foundation

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 2023, the Foundation transferred the following to various HCH programs and capital projects: $1,705,204 from the "Every Child, Every Day Campaign", to date a campaign that has raised almost $42.6 million since it began seven years ago to modernize HCH and grow essential programs and research endeavors vital to children and their families. (Continued in Schedule O)
RIHF remitted $468,331 of endowment earnings to The Warren Alpert Medical School of Brown University in fiscal year 2023 in support of shared chairs in cardiothoracic surgery, orthopedics, urology, emergency medicine, and oncology.
During fiscal year 2023, RIHF made transfers of $837,624 to be used for the general purposes within the area of RIH Oncology Clinical Research. Other significant philanthropic transfers to RIH were as follows: (1) $779,308 to provide resources to support critical components necessary to create an environment to treat and unravel mysteries of the brain and nervous system; (2) $369,594 to support renovations and expansion of cancer research lab space and classrooms on Coro's third floor; (3) $290,343 to support general neuroscience research at RIH; and (4) $233,124 to support treatment of the poor/indigent.

Grants made by Rhode Island Hospital Foundation

GranteeGrant descriptionAmount
Rhode Island HospitalSee Form 990, Part Iii, Lines 4a-b$10,701,848
Brown UniversitySee Form 990, Part Iii, Line 4C$468,331

Who funds Rhode Island Hospital Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ralph R Papitto and Barbara A Papitto Private Family FoundationGrants$500,000
The Tomorrow FundClinic Expansion$500,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$174,308
...and 39 more grants received totalling $2,227,153

Personnel at Rhode Island Hospital Foundation

NameTitleCompensation
David A KirshnerExecutive Vice President and Chief Financial Officer - 11 and 22$0
Peter K MarkellExecutive Vice President and Chief Financial Officer$0
Mary A WakefieldFMR Executive Vice President and Chief Financial Officer / Executive Vice President and Chief Financial Officer - 6 and 21$0
Saul N WeingartPresident 7 and 23$0
Elizabeth HuberVice Chair$0
...and 7 more key personnel

Financials for Rhode Island Hospital Foundation

RevenuesFYE 09/2023
Total grants, contributions, etc.$14,007,277
Program services$0
Investment income and dividends$1,160,936
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$623,819
Net income from fundraising events$-383,784
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$15,408,248

Form 990s for Rhode Island Hospital Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-14990View PDF
2022-092023-08-11990View PDF
2021-092022-08-12990View PDF
2020-092021-09-03990View PDF
2019-092020-10-09990View PDF
...and 10 more Form 990s
Data update history
September 24, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 21, 2024
Received grants
Identified 8 new grant, including a grant for $35,000 from Verrecchia Family Foundation
September 21, 2024
Updated personnel
Identified 2 new personnel
July 20, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 18 new grant, including a grant for $500,000 from Ralph R Papitto and Barbara A Papitto Private Family Foundation
Nonprofit Types
Grantmaking organizationsDisease research fundraisersChapter / child organizationsCharities
Issues
HealthDiseases and disorders
Characteristics
Provides grantsConducts researchFundraising eventsState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringGala fundraisersFundraising 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/ 
Phone
(401) 444-6500
IRS details
EIN
05-0468736
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
813212: Health and Disease Research Fundraising Organizations
Parent/child status
Subordinate organization
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