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← LIFESPAN FOUNDATION

Form 990 for tax year 2023

Filed by LIFESPAN FOUNDATION.

Totals

Total revenue
$983,321
Total expenses
$1,635,305
Contributions and grants received
$338,650
Grants paid
$1,635,305
Program service revenue
$0
Investment income
$644,671
Other revenue
$0
Total assets, end of year
$12,282,835
Total liabilities, end of year
$51,459
Net assets or fund balances, end of year
$12,231,376
Program services expenses (Part IX)
$1,635,305
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,635,305

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.

  • 1f · All other contributions, gifts and grants

    $338,650

  • 3 · Investment income

    total $175,566 · excluded $175,566

  • 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 $2,956,547

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

    securities $2,487,442

  • 7c · Gain or loss

    securities $469,105

  • 7d · Net gain or loss

    total $469,105 · excluded $469,105

  • 8c · Net income from fundraising events

    total $0

  • 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 $1,635,305 · program services $1,635,305

  • 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 $1,854 · end of year $45,013

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $5,943,935 · end of year $5,429,341

  • 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

    beginning of year $4,198,206 · end of year $4,043,669

  • 12 · Investments: other securities

    beginning of year $2,155,487 · end of year $2,764,812

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $134,887 · end of year $0

  • 25 · Other liabilities

    beginning of year $14,775 · end of year $51,459

  • 27 · Net assets without donor restrictions

    beginning of year $33,239 · end of year $46,135

  • 28 · Net assets with donor restrictions

    beginning of year $12,386,355 · end of year $12,185,241

Mission and programs · 2023

Mission

BUHF operates exclusively for charitable, scientific, and educational purposes, and more specifically, for the purpose of supporting and otherwise benefiting and being responsive to the needs of Brown University Health. (see Sched.O)

Activities or mission (Part I)

Through the development and administration of philanthropic activities, Brown University Health Foundation (BUHF) is able to make grants that help support the mission and purposes of Brown University Health, its affiliates, and the Rhode Island community.

  • In fiscal year 2024, BUHF transferred $603,324 to RIH to be used for cancer support, and well as support various patient care enhancement projects and research in the Brown University Health Cancer Institute. Also, $350,000 to RIH to support cardiology and cardiac surgery.

    Expenses $953,324 · Grants $953,324

  • In fiscal year 2024, BUHF transferred $500,000 to Rhode Island Hospital (RIH), to provide increased opportunities for Black, Indigenous, and people of color (BIPOC) to have greater access to employment, job training, healthcare professional certification, advanced education, and leadership development.

    Expenses $500,000 · Grants $500,000

  • BUHF and Brown have an agreement pursuant to which each entity maintains an endowment fund representing 50% of an endowment gift, the income from which supports a diagnostic imaging shared chair. The agreement specifies a spending rate which is applied to the trailing three-year average fair value of the endowment fund to arrive at an amount used to support the named professorship. Payments distributing this amount, which are made by BUHF to Brown on a quarterly basis, totaled $91,329 in fiscal year 2024.

    Expenses $91,329 · Grants $91,329

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peter K Markell

    EVP & CFO

    Total calculated
    $1,212,570
    From this org
    $0
    From related orgs
    $1,193,642
    Other
    $18,928
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    not reported + $883,350 related
    Bonus
    not reported + $186,333 related
    Other
    not reported + $123,959 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $18,928 related
    Filer's total
    not reported + $1,212,570 related

  • Paul J Adler

    Secretary

    Total calculated
    $1,077,941
    From this org
    $0
    From related orgs
    $926,856
    Other
    $151,085
    Hours/week
    0.05 + 39.95 related

    Schedule J breakdown matched by us

    Base
    not reported + $641,242 related
    Bonus
    not reported + $158,116 related
    Other
    not reported + $127,498 related
    Deferred
    not reported + $121,810 related
    Nontaxable benefits
    not reported + $29,275 related
    Filer's total
    not reported + $1,077,941 related

  • Eva Greenwood

    Treasurer

    Total calculated
    $737,076
    From this org
    $0
    From related orgs
    $649,185
    Other
    $87,891
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    not reported + $450,817 related
    Bonus
    not reported + $165,150 related
    Other
    not reported + $33,218 related
    Deferred
    not reported + $66,165 related
    Nontaxable benefits
    not reported + $21,726 related
    Filer's total
    not reported + $737,076 related

  • Nicholas J Dominck Jr

    President

    Total calculated
    $623,122
    From this org
    $0
    From related orgs
    $523,234
    Other
    $99,888
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    not reported + $378,195 related
    Bonus
    not reported + $66,240 related
    Other
    not reported + $78,799 related
    Deferred
    not reported + $78,416 related
    Nontaxable benefits
    not reported + $21,472 related
    Filer's total
    not reported + $623,122 related

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

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
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Brown University Health Alliance

    Account. Care Org. · RI

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Brown University Health MSO

    C corp · Mgmnt. Svcs. · RI

    Directly controlled by Brown U Health

  • Brown University Health Risk Services

    C corp · Risk Mgmnt. · RI

    Directly controlled by Brown U Health

  • VNA Technicare Inc

    C corp · DME Sales · RI

    Directly controlled by The Miriam Hospital

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202542269349302124

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