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Financial Highlights from fiscal year 2022

2022 revenue graph

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  
  
2022 Expenses
  Programs $35,704,856  
  Fundraising $6,474,387  
  Administrative $3,309,206  
Total   $45,488,449  
  
2022 Assets
Net assets   $297,000,177  
2022 funds raised by gift type 2022 donor stats
2022 total distributions to Honor Health $37.8M pie chart

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  
Endowment history chart

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

  • Robert and Gail Auslander Neuroscience Institute Patient Assistance Fund
  • Khalpey Artificial Intelligence Lab
  • Christine and David J. Watson Healthcare Heroes Endowment
  • HonorHealth Dependent College Scholarship Endowment
  • HonorHealth Employee Benefits
  • Behavioral Health
  • Adoption Support
  • Infertility treatment
  • Rex and Margie Porter Endowment
2022 total distributions to Honor Health $37.8M pie chart

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.

Investment activity per fund

HonorHealth Foundation 2022 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.