Norton Healthcare Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Norton Healthcare Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
The Norton Healthcare Foundation is the philanthropic arm of Norton Healthcare’s not-for-profit adult services. The mission of Norton Healthcare Foundation is to enhance adult patient care and raise funds for programs, equipment, facilities, research and educational initiatives spanning Norton Cancer Institute, Norton Heart & Vascular Institute, Norton Neuroscience Institute and Resource Center, Norton Women’s Care, Norton’s Institute for Health Equity, and other health services. The foundation supports the adult-service initiatives at Norton Hospital, Norton Audubon Hospital, Norton Brownsboro Hospital, Norton Women’s and Children’s Hospital, and the new West Louisville Hospital that will be opening in 2024.
Year, State Incorporated:
1977, KY
Norton Healthcare Foundation supports the work of Norton Healthcare, which provides world-class health care for everyone throughout the Commonwealth of Kentucky, Southern Indiana, and beyond. Norton provides integrated, comprehensive patient care for everyone’s unique health needs as they age, affording a seamless transition from pediatric to adolescent to adult care. Norton Healthcare includes 5 adult hospitals (4 in Louisville and 1 in Madison, Indiana), 8 outpatient centers, 18 Norton Immediate Care Centers, 8 Norton Prompt Care at Walgreens clinics, an expanded telehealth program and over 4.2 million patient encounters annually. It provides care at more than 340 locations throughout Kentucky and Southern Indiana. The hospitals provide inpatient and outpatient general care as well as specialty care including heart, neuroscience, cancer, orthopedic, women’s and pediatric services. A strong research program provides access to clinical trials in a multitude of areas. Norton Healthcare is home to a broad range of distinctive and premier clinical services, including its flagship institute programs, Norton Cancer Institute, Norton Heart & Vascular Institute, Norton Neuroscience Institute, Norton Orthopedic Institute, and The Institute for Health Equity.
For the year ended December 31, 2021, Norton Healthcare Foundation's program expenses were:
| Programs | $3,018,351 |
| Capital projects | $1,565,682 |
| Financial assistance | $33,391 |
| Total Program Expenses | $4,617,424 |
Chief Executive
Lynnie Meyer, Chief Development Officer
Chair of the Board
Mr. Jeffrey Cumberbatch
Chair's Profession / Business Affiliation
Retired, UPS Airlines
Board Size
23
Paid Staff Size
22
Method(s) Used:
Invitations to fund raising events, Grant proposals, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Norton Healthcare Foundation's audited financial statements for the year ended December 31, 2021.
Source of Funds
| Donations and gifts | $10,583,312 |
| Investment gain | $4,562,248 |
| Other revenue | $1,195,190 |
| Change in beneficial interest in trusts held by others | $863,643 |
| Change in net unrealized gains on investments | $767,956 |
| Transfers (to) from affiliates | $418,808 |
| Other, net | $-7,941 |
| Adjustment to provision for uncollectible pledges | $-1,528,517 |
| Total Income | $16,854,699 |
Programs: 72% Fundraising: 24% Administrative: 4%
| Total Income | $16,854,699 |
| Total expenses: | $6,419,809 |
| Program expenses | $4,617,424 |
| Fundraising expenses | $1,569,947 |
| Administrative expenses | $232,438 |
| Other expenses | $0 |
| Income in Excess of Expenses | $10,434,890 |
| Beginning Net Assets | $54,598,461 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $65,033,351 |
| Total Liabilities | $2,269,785 |
| Total Assets | $67,267,346 |
Ending net assets as reported above include $3,465,907 without donor restrictions and $61,567,444 with donor restrictions.
Total assets as reported above include $72,514 in inventories.
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Report completed by:
BBB serving Greater Kentucky and South Central Indiana