Presbyterian Healthcare Foundation

“Presbyterian healthcare foundation (phf) has no employees and does not establish or pay compensation. All executives' compensation is reviewed by an independent external consulting firm retained by the executive compensation committee of the presbyterian healthcare services (phs) board. The committee's review process and recommendations are preserved in their minutes. The executive compensation committee consists of independent board members of the phs governing board. Phs management uses the data from the external consulting firm and recommendations from the independent compensation committee to establish appropriate compensation for all executives. All of the data leading to these compensation decisions is maintained by the phs human resources director.”

“Presbyterian healthcare foundation has no members or shareholders. Phs appoints phf board members, and phs has to approve any changes to phf bylaws or articles.”

“Presbyterian healthcare foundation has no members or shareholders. Phs appoints phf board members, and phs has to approve any changes to phf bylaws or articles.”

“Presbyterian healthcare foundation (phf) utilizes a multi-level review process during preparation and submission of the annual form 990. The first draft of form 990 is prepared by a national accounting firm, based on information provided by the presbyterian healthcare services (phs) tax director. This information is gathered from numerous sources across the organization, including finance, governance, legal, communications, etc. This first draft is reviewed on a line-by-line detail level by the tax director. In addition, all compensation-related data is reviewed in detail by the chief people officer for phs. All feedback from these reviews is accumulated by the phs tax director and conveyed to the accounting firm for inclusion in a second draft of the complete form 990. This second draft is reviewed again by the phs tax director, phs general counsel, the phs controller, and the foundation's president to ensure that all requested changes were incorporated and that no additional modifications are found to be necessary. This final draft of the phf form 990 is then reviewed one more time by the phs tax director to ensure all information is accurate and complete to the best of the tax director's knowledge. The return is then signed by an officer and filed with the internal revenue service. All compensation schedules included within this return have been reviewed and approved by the executive compensation committee of the governing board of phs.”

“Conflict of interest statements are updated annually. Board members and officers are required to remove themselves from conflicts or excuse themselves from votes or other actions that may leave any appearance of non-independence. The conflict of interest policy is reviewed annually by the phs governance committee and revised if appropriate. Conflict of interest requirements are reviewed with the board, the officers, and each committee annually, and the code of conduct is reviewed as part of the board's compliance training. The board and each committee is required to monitor and enforce the policy.”

“Copies of the most current three years' forms 990 are maintained at presbyterian healthcare services (phs) management locations. These returns are available for review or photocopy by any individual who requests such. In addition, forms 990 are also published on www.guidestar.org and available freely to the public in this manner. Copies of financial statements are available on the municipal bond website (www.emma.msrb.org). The organization's governing documents are available on the state attorney general's website. The organization's conflict of interest policy is not available to the public.”

“Presbyterian healthcare foundation needs the service of several hundred volunteers for fundaising events. For example, during daffodil days, volunteers assist in preparation of flowers for sale as well as in processing and delivery of orders. The work involved in this event spans several days from preparation of the flowers to final sales and deliveries. Some volunteers may work a few hours, while others may work each day of the event.”

“(Expenses $ 5,456,849 including grants of $ 5,136,314)(Revenue $ 0) PRESBYTERIAN HEALTHCARE FOUNDATION HAS BEEN FIRMLY COMMITTED TO A SINGULAR PURPOSE -IMPROVING HEALTH-SINCE ITS FOUNDING IN 1968 AS ONE OF THE FIRST 100 HOSPITAL FOUNDATIONS IN THE COUNTRY. IN THE PAST 56 YEARS, WE HAVE PRIORITIZED FUNDRAISING FOR FOUR CORE AREAS: 1) NURSING/STAFF EDUCATION; 2) PATIENT ASSISTANCE (FOR TRANSPORTATION, LODGING AND OTHER BASIC NEEDS); 3) PROGRAM SUPPORT; AND 4) CAPITAL NEEDS (FACILITY CONSTRUCTION/RENOVATION AND EQUIPMENT). OUR DONORS HAVE PROVIDED MILLIONS OF DOLLARS FOR PATIENT-CENTERED WORK, WHICH OTHERWISE MIGHT NOT HAPPEN. PHILANTHROPY IS ESPECIALLY IMPORTANT FOR PRIORITY PROGRAMS THAT AREN'T FINANCIALLY SELF-SUSTAINING, SUCH AS PRESBYTERIAN COMMUNITY HEALTH INITIATIVES ADDRESSING FOOD INSECURITY, AND PROGRAMS SUCH AS RESET, WHICH SUPPORT THE WELL-BEING OF OUR PHYSICIANS AND OTHER PROVIDERS. BECAUSE OUR FOUNDATION OPERATIONS ARE FUNDED ENTIRELY WITH INCOME FROM TWO ENDOWMENTS, WE CAN DIRECT 100% OF NEW CHARITABLE CONTRIBUTIONS TO PROGRAMS AIMED AT IMPROVING HEALTH: NO PORTION OF NEW GIFTS SUPPORT FUNDRAISING OR ADMINISTRATIVE EXPENSES. IN 2024, THE FOUNDATION RAISED $8,091,063 AND PROVIDED $10,152,336 IN IMMEDIATE FUNDING TO PRESBYTERIAN PROGRAMS. INCLUDED IN THESE AMOUNTS ARE CASH, ESTATE AND IN-KIND CONTRIBUTIONS, AND SPECIAL-EVENT INCOME. AS OF DECEMBER 2024, NET ASSETS WERE $132,564,368. 1. FUNDRAISING FOR SPECIFIC PROGRAMS: THE FOUNDATION SOLICITS GIFTS FROM INDIVIDUALS, CORPORATIONS AND FOUNDATIONS, AND COORDINATES FUNDRAISING CAMPAIGNS AND SPECIAL EVENTS THROUGHOUT THE YEAR TO RAISE FUNDS FOR BOTH SPECIFIC CAUSES AND GENERAL HEALTH SYSTEM NEEDS. THESE EFFORTS INCLUDE: * MAJOR AND PLANNED GIFTS: THE FOUNDATION SOLICITS TRANSFORMATIONAL GIFTS THROUGH MAJOR AND PLANNED GIVING INITIATIVES. MAJOR GIFTS ARE DEFINED AS SINGLE OR MULTI-YEAR CONTRIBUTIONS OF $10,000 OR MORE AND MAY BE DESIGNATED FOR CAPITAL AND PROGRAM NEEDS, OR UNDESIGNATED. FUNDING CAN BE IMMEDIATELY EXPENDABLE OR TO CREATE OR SUPPLEMENT AN ENDOWED (PERMANENT) FUND. PLANNED GIFTS ARE MOST OFTEN GIVEN IN THE FORM OF BEQUESTS (GIFT DESIGNATION IN A WILL OR LIVING TRUST), AS WELL AS RETIREMENT PLAN AND LIFE INSURANCE BENEFICIARY DESIGNATIONS. IN 2024, MAJOR AND PLANNED GIFTS TOTALED $4.4 MILLION. ADDITIONAL PLEDGES IN MAJOR AND PLANNED GIFTS WERE $565,000. * DAFFODIL DAYS: THIS 42-YEAR-OLD FUNDRAISER IS A WEEK-LONG EVENT, MADE POSSIBLE BY 200+ VOLUNTEERS, SPONSORS AND FLOWER PURCHASERS. DAFFODIL BUNCHES AND ARRANGEMENTS ARE SOLD AT LOCATIONS IN ALBUQUERQUE, RIO RANCHO AND SANTA FE. EVENT PROCEEDS SUPPORT OPERATIONS OF THE PRESBYTERIAN ROBERT WERTHEIM HOSPICE HOUSE, A 10-BED FACILITY PROVIDING END-OF-LIFE (HOSPICE) CARE. IN 2024, DAFFODIL DAYS HAD NET PROCEEDS OF $233,000. * CORNERSTONE CAMPAIGN: THE CORNERSTONE CAMPAIGN SEEKS CONTRIBUTIONS OF LESS THAN $10,000 FROM COMMUNITY MEMBERS (NON-EMPLOYEES) FOR ORGANIZATIONAL PRIORITIES. THE PRIMARY FOCUS IS SECURING CONTRIBUTIONS FROM NEW DONORS AND RETAINING AND GROWING THEIR SUPPORT IN SUBSEQUENT YEARS. THE FOUNDATION'S GUARDIAN ANGEL PROGRAM, WHICH SEEKS GIFTS IN HONOR OF ANY PROVIDER OR STAFF MEMBER, IS A KEY PART OF THE CORNERSTONE PROGRAM, RECOGNIZING THAT GRATITUDE FOR AN EXCEPTIONAL CARE EXPERIENCE IS A PRIMARY MOTIVATOR FOR HEALTHCARE PHILANTHROPY. * PRESGIVING CAMPAIGN: PRESGIVING IS THE ANNUAL EMPLOYEE CAMPAIGN, SEEKING PAYROLL, CASH AND PAID TIME OFF CONTRIBUTIONS. THE CAMPAIGN HAS TWO PRIMARY COMPONENTS: 1) RECRUITMENT OF NEW EMPLOYEE DONORS THROUGH THE "BRILLIANCE IN THE BASICSIENTATION; AND 2) A TWO-MONTH FALL CAMPAIGN CONDUCTED IN PARTNERSHIP WITH UNITED WAY OF NORTH CENTRAL NEW MEXICO. PRESGIVING CONTRIBUTIONS TO PHF TYPICALLY TOTAL AROUND $1 MILLION ANNUALLY FOR PROGRAMS AND NEEDS THROUGHOUT PRESBYTERIAN. 2. PHILANTHROPIC IMPACT: OUR IMPACT IS MEASURED IN BOTH DOLLARS AND LIVES TOUCHED. IN 2024, THE FOUNDATION DIRECTED $10.2 MILLION BACK TO PRESBYTERIAN HEALTHCARE SERVICES (PHS)-THE HIGHEST TOTAL IN RE”

“This entity does not have any direct employees. All payroll is centralized through a related exempt organization, presbyterian healthcare services (phs) ein: 85-0105601. Phs acts as a common pay agent for all of its related exempt organizations. The employees are paid under phs' employer id. Payroll taxes and benefit plans are also centralized through phs. Salary expense reported on this return represents salaries and wages paid by phs. Form 941 reporting salaries and wages is filed under the presbyterian healthcare services ein: 85-0105601.”

“Form 990-t is being filed to carry forward previously generated net operating losses to the current year.”

“OTHER CHANGES IN NET ASSETS - 68836; Total - 68836;”

“The auditors are selected by presbyterian healthcare services (phs). The selected auditors meet with the phf finance and executive committees to discuss the audit procedures and the audit report. The finance committee chairman presents the presbyterian healthcare foundation (phf) audit report at the next phf board meeting for approval. The phs compliance and audit committee approves and accepts the audit report.”