Better Business Bureau Report for
Children's Hospital Foundation

Better Business Bureau Report issued September 2012
Better Business Bureau Report expires October 2014


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Children's Hospital Foundation
Address: 224 E. Broadway - 5th Floor
  Louisville, KY 40202
Phone: 502-629-8060
Web Address: www.nortonhealthcare.com/help/chf
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Better Business Bureau Comments

Year, State Incorporated: 1962, Kentucky
Affiliates: None
Stated Purpose: The Children’s Hospital Foundation is the philanthropic arm of Kosair Children’s Hospital and operates solely to raise funds and generate volunteer support for the services, programs, and equipment needs outlined in the Hospital’s strategic plan.

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Evaluation Conclusions

              

Children's Hospital Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

Kosair Children’s Hospital is the only freestanding, full-service pediatric tertiary care facility in Kentucky dedicated exclusively to providing quality medical treatment to all children in need of care, regardless of their ability to pay. During 2011, over 140,000 children from throughout Kentucky and Southern Indiana received medical care at Kosair Children's Hospital, which treats children from birth to age 18. The services and programs provided cover nearly every aspect of care and treatment for children – from the tiniest premature infant to the adolescent with traumatic head or spinal injuries – all in a child-friendly, family-centered atmosphere. Kosair Children’s Hospital is the primary pediatric teaching facility for the University of Louisville Department of Pediatrics. Ensuring quality of care for both today and tomorrow, the hospital has a strong commitment to medical education and innovative research.

For the fiscal year ended December 31, 2011, Children's Hospital Foundation's program expenses were:

  
Programs 2,538,266
Capital Projects 2,511,144
Financial Assistance 260,514
Faculty Support 64,094
Total Program Expenses: $5,374,018
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Governance

              

Chief Executive : Lynnie Meyer, MSN, CFRE, RN, Chief Development Officer
Compensation*: 

Chair of the Board: William J. Ehrig
Chair's Profession / Business Affiliation: Retired, Sr. Director of Government Relations, Yum! Brands, Inc.

Board Size: 28

Paid Staff Size: 12

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Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, and planned giving arrangements.
Fund raising costs were 12% of related contributions. (Related contributions, which totaled $11,206,579, are donations received as a result of fund raising activities.)
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Tax Status

              

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.
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Financial

              

The following information is based on Children's Hospital Foundation's audited financial statements for the fiscal year ended December 31, 2011.

Ending net assets as reported below include $26,763,333 in unrestricted net assets , $28,347,626 in temporarily restricted net assets, and $17,311,598 in permanently restricted net assets.



Source of Funds  
Donations & Gifts 10,270,180
Bequests 936,399
Other 412,234
Loss on Investments -667,382
Total Income $10,951,431


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Uses of Funds as a % of Total Expenses

Programs: 70%  Fund Raising: 18%  Administrative: 12% 

Total income $10,951,431
Program expenses $5,374,018
Fund raising expenses 1,331,715
Administrative expenses 887,810
Total expenses $7,593,543
Income in Excess of Expenses 3,357,888
Beginning net assets 69,247,712
Other Changes in Net Assets (183,043)
Ending net assets 72,422,557
Total liabilities 2,622,140
Total assets $75,044,697


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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