Better Business Bureau

Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	Norton Healthcare Foundation
Address:	234 E. Gray Street, Suite 450
	Louisville, KY 40202
Phone:	502-629-8060 800-444-2523
Web Address:	www.nortonhealthcare.com

Norton Healthcare Foundation meets the 20 Standards for Charity Accountability.

The Norton Healthcare Foundation supports the work and mission of the following hospitals to ensure that equipment, facilities, programs, services, and educational initiatives continue to keep pace with community health care needs: Norton Hospital, which includes the Norton Healthcare Pavilion; Norton Audubon Hospital; Norton Suburban Hospital; and Norton Brownsboro Hospital. Norton Healthcare Foundation is committed to continually strengthening its partnership with the adult hospitals of the Norton Healthcare system. Through an effective process of raising funds and friends, the foundation will grow in its commitment to serve and achieve increasing philanthropic support in order to enhance patient care. The Foundation relies on the generosity of others to ensure that the adult hospitals of Norton Healthcare have the equipment, facilities, and programs that make a difference in the care provided to its patients.

For the fiscal year ended December 31, 2009, Norton Healthcare Foundation's program expenses were:

Programs	1,289,505
Equipment	308,811
Financial Assistance	17,500
Total Program Expenses:	$1,615,816

Chief Executive : Lynnie Meyer, MSN, R.N., Chief Development Officer

Compensation*:

Chair of the Board: Gary L. Stewart
Chair's Profession / Business Affiliation: Executive, Crowe Horwath

Board Size: 21

Paid Staff Size: 5

Method(s) Used:

Fund raiaing methods include direct mail, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, and planned giving arrangements.

Fund raising costs were 32% of related contributions. (Related contributions, which totaled $6,242,360, are donations received as a result of fund raising activities.)

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 the agency’s audited financial statements for the year that ended December 31, 2010. Ending net assets as reported below include $136,576 in unrestricted net assets , $11,062,232 in temporarily restricted net assets, and $16,128,819 in permanently restricted net assets.

Source of Funds
Donations & Gifts	6,242,360
Investments	2,761,840
Other	526,731
Total Income	$9,530,931

Uses of Funds as a % of Total Expenses

Programs: 41%  Fund Raising: 51%  Administrative: 8%

Total income				$9,530,931
	Program expenses			$1,615,816
	Fund raising expenses			1,979,583
	Administrative expenses			323,143
Total expenses				$3,918,542
Income in Excess of Expenses				5,612,389
Beginning net assets				21,715,238
Ending net assets				27,327,627
Total liabilities				2,245,933
Total assets				$29,573,560

The BBB has determined that the organization's use of funds is reasonable even though the organization's program service expense ratio was under the 65% requirement in Standard 8. The BBB notes that the organization has met the standard in the 3 prior years and that the compliance issue was due to a change in the organization’s expense allocation of development costs. In addition, the agency has advised the BBB that it anticipates meeting the standard in the current and subsequent fiscal years.