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← LEGACY HEALTH FOUNDATION

Form 990 for tax year 2023

Filed by LEGACY HEALTH FOUNDATION.

Totals

Total revenue
$11,391,637
Total expenses
$4,823,688
Contributions and grants received
$5,105,333
Grants paid
$4,823,688
Program service revenue
$0
Investment income
$6,284,371
Other revenue
$1,933
Total assets, end of year
$50,737,876
Total liabilities, end of year
$278,972
Net assets or fund balances, end of year
$50,458,904
Program services expenses (Part IX)
$4,823,688
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,823,688

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $223,257

  • 1d · Related organizations

    $85,490

  • 1e · Government grants (contributions)

    $1,276,034

  • 1f · All other contributions, gifts and grants

    $3,520,552

  • 3 · Investment income

    total $1,049,373 · excluded $1,049,373

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $10,234,998

  • 7b · Less cost or other basis and sales expenses

    securities $5,000,000

  • 7c · Gain or loss

    securities $5,234,998

  • 7d · Net gain or loss

    total $5,234,998 · excluded $5,234,998

  • 8a · Fundraising events: gross income

    $41,920

  • 8a · Fundraising events: contributions included on line 1c

    $223,256

  • 8b · Fundraising events: direct expenses

    $39,987

  • 8c · Net income from fundraising events

    total $1,933 · excluded $1,933

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,823,688 · program services $4,823,688

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,450 · end of year $29,428

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $100,000 · end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $43,730,156 · end of year $50,689,083

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $318,717 · end of year $19,365

  • 25 · Other liabilities

    beginning of year $256,953 · end of year $278,972

  • 27 · Net assets without donor restrictions

    beginning of year $25,527,689 · end of year $30,595,394

  • 28 · Net assets with donor restrictions

    beginning of year $18,368,681 · end of year $19,863,510

Mission and programs · 2023

Mission

Legacy Health Foundation (LHF) was incorporated on August 21, 2013. The mission of the foundation is to foster charitable giving as well as community commitment and involvement to support the founding principles, mission and vision of Legacy Health and promote the health and well-being of the community. Legacy Health is the sole corporate member of LHF.

Activities or mission (Part I)

Legacy Health Foundation's mission is to foster charitable giving as well as community commitment and involvement to support the founding principles, mission and vision of legacy health and promote the health and well-being of the community.

  • At Legacy Health, we know that our legacy is something we create together every day. This is reflected in our mission of good health for our people, our patients, our communities and our world. We see it as our fundamental responsibility to improve the health and wellness of everyone we touch, empowering people to live healthier and better lives, and helping them create a legacy that truly lives on. Ours is a legacy of health and community, quality and innovation, respect and responsibility.Legacy Health was created in 1989 through the merger of HealthLink, a local four-hospital system, and Good Samaritan Hospital and Medical Center. Over the years Legacy has grown into the largest nonprofit, community-owned health system in the Portland/Vancouver area. Today, Legacy Health consists of an integrated network of six full-service hospitals and more than 50 clinics. The Legacy network provides acute and critical care, inpatient and outpatient treatment, urgent and primary care, and a variety of specialty services.At the heart of Legacys mission is our commitment to provide exceptional healthcare for all those in need. Legacy provides almost one-third of the charity care in the Portland area; more charity care relative to size than any of the leading health care organizations in the metropolitan area. The Legacy Health Foundation fosters charitable giving as well as community commitment and involvement to support the founding principles, mission and vision of Legacy Health and promote the health and well-being of the community. Charitable gifts to Legacy Health Foundation support the programs and services of Legacy Health, many of which are not supported by traditional means of reimbursement. The Foundation also raises and stewards fund for Legacy Emanuel Medical Center, Legacy Meridian Park Medical Center, Legacy Mount Hood Medical Center, and the Unity Center for Behavioral Health. Philanthropic contributions supported programs in these major areas:Patient Care $3,729,991 Education and Training $ 335,436Research $ 130,869 Community Health & Other Programs $ 667,381 Some of the projects funded in this year included: Supported patient care services at the Unity Center for Behavioral Health. Provided emergency medications, durable medical equipment, transitional housing, and other health-related supplies to uninsured, under-insured, and low-income patients. Provided food support to patients and families experiencing food insecurity. Supported complementary therapies for cancer patients, including nutrition education, exercise, art therapy and yoga classes. Supported injury prevention programs for the community including child passenger safety, bike/sports helmets, elderly falls prevention, and burn injury prevention. Supported continuing education classes and scholarships for Legacy Health employees. Provided support for community organizations working to provide access and wrap around services for patients. Purchased medical equipment for Legacy Emanuel Medical Center, Legacy Meridian Park Medical Center, and Legacy Mount Hood Medical Center. Supported construction of the new chapel at Legacy Emanuel Medical Center.

    Expenses $4,823,688 · Grants $4,823,688 · Revenue $5,105,333

As filed on the 2023 return.

Listed in Part VII

  • Anna L Loomis

    EX-OFFICIO

    Total calculated
    $1,587,524
    From this org
    $0
    From related orgs
    $1,433,682
    Other
    $153,842
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $990,808 related
    Bonus
    not reported + $274,008 related
    Other
    not reported + $168,866 related
    Deferred
    not reported + $115,581 related
    Nontaxable benefits
    not reported + $38,261 related
    Filer's total
    not reported + $1,587,524 related

  • Maureen A Bradley

    EX-OFFICIO

    Total calculated
    $649,007
    From this org
    $0
    From related orgs
    $507,873
    Other
    $141,134
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $445,300 related
    Bonus
    not reported
    Other
    not reported + $62,573 related
    Deferred
    not reported + $112,519 related
    Nontaxable benefits
    not reported + $28,615 related
    Filer's total
    not reported + $649,007 related

  • Lewis L Low MD

    Secretary

    Total calculated
    $87,060
    From this org
    $0
    From related orgs
    $87,055
    Other
    $5
    Hours/week
    0.5 + 8 related

  • David Mertens

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gabriel L Goddard

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Randi L Reiten

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joseph J Avena

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jill A Nelson

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Gisel E Hillner

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael E Lewellen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Frank B Piacentini

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Orlando L Williams

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michelle C Garcia

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Tari L Kinateder

    Trustee

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 6b: Explanation of organization compensation contingent on net earnings from related or
Legacy has an at-risk incentive compensation plan for management. The plan is based on meeting goals related to employee engagement, work processes, customer service, clinical quality, financial management, and certain key strategic tactics. In order to payout any at-risk incentive compensation, Legacy must exceed operating margin targets.
Part II, Compensation from Unrelated Organizations
Sch J, Part 1, Question 3 Regarding Compensation PracticesThe following describes the compensation practices of Legacy Health and its affiliates.TThe Compensation Committee of the Board of Directors, none of whom is a Legacy employee, reviews the compensation for executive positions. The Committee oversees the system's governance procedures with respect to intermediate sanctions legislation and the evaluation of reasonableness of compensation. The Committee reports to the Board in sufficient detail to enable the entire Board to take such actions as are required to obtain the rebuttable presumption of reasonableness. The Compensation Committee also reviews tax-reporting disclosures.Sch J, Part II, Column Breakdown Of W-2 Or Misc-1099:Column B(i) - Base compensation consists of regular base pay including employee elected deferrals for retirement plans (403(b) and 457(b) plans).Column B(ii) - The incentive compensation program for Legacy is based on predetermined criteria and reviewed and approved by the Board. Bonuses are paid to key employees for interim duties outside their primary responsibilities (e.g. Acting in Capacity).Column B(iii) - Other compensation consists of deferred compensation amounts paid to executives during the current year and were reported on prior form 990 returns. These amounts include arrangements that contain elements of a substantial risk of forfeiture conditioned on continued employment, vesting and/or a noncompete provision upon termination of employment. Distributions from 457(b) plans, reported to the employee on a 1099-R, are also included as other compensation. In addition, imputed income for insurance and other benefits is included in other compensation as well as any severance related payments.Column C - Deferred compensation includes the contributions to defined contribution plans, amounts deferred under the 457(f) plan including earnings, earnings in the 457(b) plan, and the value of the pension restoration plan. Earnings on the 457(f) and 457(b) include gains and losses on the underlying investments. The defined contribution plan is available to all employees as they become qualified to participate. The pension restoration plan provides executive pension benefits in excess of IRS mandated limits on eligible compensation to key executives. The benefits are unfunded and subject to forfeiture. Executive pension benefits are intended to make the executive's retirement benefit, as a proportion of their final average salary, comparable to all other employees, and are treated as income when paid.Column D - Nontaxable benefits include company paid health and welfare and long term care and disability benefits under group plans.Column F - Current year compensation reported as deferred in prior years.
Part III, Additional Information
SCHEDULE J REPORTING OF TRUSTEE AND OFFICERS ON LEGACY AFFILIATE RETURNS. The Foundation Ex-Officio Trustees and Officers who are also Legacy employees have their compensation paid from Legacy Health. The compensation is reported for informational purposes on the Foundation return.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
18 February 2025
IRS schema version
2023v6.0
Source object
202510499349300626

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