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Nonprofiteer
← LUTHER C FISCHER FOUNDATION

Form 990 for tax year 2024

Filed by LUTHER C FISCHER FOUNDATION.

Totals

Total revenue
$2,421,688
Total expenses
$2,280,355
Contributions and grants received
$0
Grants paid
$2,220,000
Program service revenue
$0
Investment income
$2,421,688
Other revenue
$0
Total assets, end of year
$9,636,493
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,636,493
Program services expenses (Part IX)
$2,220,000
Management and general expenses
$60,355
Fundraising expenses
$0
Program service expenses (Part III)
$2,220,000

Program services were 97.4% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,417,068 · excluded $2,417,068

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,727,139

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

    securities $2,722,519

  • 7c · Gain or loss

    securities $4,620 · other assets $0

  • 7d · Net gain or loss

    total $4,620 · excluded $4,620

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,220,000 · program services $2,220,000

  • 5 · Compensation of officers, directors and key employees

    total $10,000 · management and general $10,000

  • 11f · Fees: investment management

    total $50,355 · management and general $50,355

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $9,495,160 · end of year $9,636,493

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,495,160 · end of year $9,636,493

Mission and programs · 2024

Mission

THE ORGANIZATION WAS ESTABLISHED AS A PERPETUAL TRUST TO PROVIDE MEDICAL AND HOSPITAL CARE FOR THE INDIGENT. UNRESTRICTED CONTRIBUTIONS TO EMORY UNIVERSITY HOSPITAL MIDTOWN FROM THE ORGANIZATION ARE USED TO PROVIDE MEDICAL CARE FOR SPECIFIC INDIGENT AND NEEDY PATIENTS.

Activities or mission (Part I)

SEE PART III, LINE 1

  • PROVIDED FUNDING FOR MEDICAL CARE GIVEN TO INDIGENT PATIENTS.

    Expenses $2,220,000 · Grants $2,220,000

As filed on the 2024 return.

Listed in Part VII

  • ADAM C WEBB MD

    SECRETARY

    Total calculated
    $1,002,912
    From this org
    $0
    From related orgs
    $940,549
    Other
    $62,363
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $628,036 related
    Bonus
    $0 + $299,695 related
    Other
    $0 + $12,818 related
    Deferred
    $0 + $26,546 related
    Nontaxable benefits
    $0 + $35,817 related
    Filer's total
    $0 + $1,002,912 related

  • JOHN D HENRY SR

    CHAIRMAN

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • LIZ DAUNT-SAMFORD

    TREASURER

    Total calculated
    $570,693
    From this org
    $0
    From related orgs
    $521,522
    Other
    $49,171
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $390,294 related
    Bonus
    $0 + $130,750 related
    Other
    $0 + $478 related
    Deferred
    $0 + $24,150 related
    Nontaxable benefits
    $0 + $25,021 related
    Filer's total
    $0 + $570,693 related

  • RICHARD PARKER

    VICE CHAIRMAN

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JAMES T HATCHER

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MICHAEL M E JOHNS MD

    TRUSTEE

    Total calculated
    $120,904
    From this org
    $2,000
    From related orgs
    $83,887
    Other
    $35,017
    Hours/week
    1 + 40 related

  • RENDER DAVIS

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2024
Filed
8 May 2026
IRS schema version
2024v5.1
Source object
202621289349303282

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