2022 Revenue
Generous donors are creating the healthcare system they want for our community through their gifts to HonorHealth Foundation. Your support allows HonorHealth to advance technology, meet community needs and push the boundaries of medical knowledge.
| 2022 Revenue | |
| Cash and pledges | $30,374,196 |
| Charitable gift annuities | $1,601,659 |
| Bequest commitments | $3,360,003 |
| In-kind gifts | $1,029,479 |
| Total | $36,365,337 |
Distributions
HonorHealth Foundation exists to strengthen the mission of HonorHealth through philanthropy. We set the standard for excellence in relationship-based fundraising and every dollar gifted to the Foundation goes directly to the cause, not to administrative fees or salaries.
2022 distributions to HonorHealth: $37,805,003
| Sample programs supported through philanthropy in 2022 | |
| Grant funding to various programs | $2,346,971 |
| Oncology | $1,267,193 |
| Research Institute | $4,046,400 |
| Education and Scholarships | $780,551 |
| Heart and Vascular | $15,050,447 |
| Military Partnership, K-9 Security Teams & Bioskills Lab | $1,195,125 |
| Desert Mission | $679,797 |
| Total | $37,805,003 |
Endowments
By establishing an endowment with HonorHealth Foundation, our supporters power the HonorHealth mission for years to come and establish a personal legacy of lifesaving care.
Endowments established in 2022
Investments
The Foundation’s investment portfolio is managed by Merrill Lynch under the direction of the Board of Trustees. The portfolio’s objective is achieve a total return sufficient, on average, to maintain the purchasing power of the Foundation and provide for stability of the portfolio over time to support the HonorHealth network.
HonorHealth Foundation 2021 IRS Form 990 (PDF)
The Foundation audit for 2022 was consolidated with the HonorHealth audit and was completed with no management letter comments and no audit differences.
