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Nonprofit · EIN 91-0983214

SWEDISH MEDICAL CENTER FOUNDATION

Tax-exempt · SEATTLE, WA 98122

Financials

$36.5M$25.6M2023$77.1M$31.1M2024
Revenue Expenses · by fiscal year end
Financials of SWEDISH MEDICAL CENTER FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$77,149,780$31,085,114$46,064,666$201,908,756$3,656,822$198,251,934
December 31, 2023990 (amended)$36,544,463$25,566,977$10,977,486$147,400,245$4,175,258$143,224,987
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$70,507,634
of which government grants
$1,965,122
Program service revenue
$0
Investment income
$6,642,146
Net gain from sales of assets
$4,154,182
Other revenue
$0

Expenses

Grants and similar amounts paid
$22,669,993
Other salaries and wages
$4,307,187
Salaries, compensation and benefits (total)
$5,680,878
Professional fundraising fees
$0
Occupancy
$9,890
Travel
$37,938
Depreciation
$38,196
Program services (functional)
$22,669,993
Management and general (functional)
$2,701,130
Fundraising (functional)
$5,713,991

Balance sheet and other

Total assets, start of year
$147,400,245
Total assets, end of year
$201,908,756
Total liabilities, end of year
$3,656,822
Net assets, end of year
$198,251,934
Publicly traded securities
$158,933,861
Net assets without donor restrictions
$55,459,985
Net assets with donor restrictions
$142,791,949
Gross unrelated business income
$20,786
Gross receipts
$80,834,360
Employees
0
Volunteers
33
Year formed
1976
State of legal domicile
WA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
ELIZABETH WAKOBOARD MEMBER
Trustee or director
0.5$0$2,511,022$309,815
MARYBETH FORMBYFRMR OFF. - DIVISION CFO - NORTH
Former
0$0$971,779$128,741
SARA JO GRETHLEIN MDBOARD MEMBER
Trustee or director
0.5$0$806,099$116,772
HILARY DOMEIKASECRETARY/SR CORP COUNCIL
Officer
1$0$654,816$96,626
MARK LOWDERMILK MDBOARD MEMBER
Trustee or director
0.5$0$403,429$36,231
GREGG SIMPSONCHIEF PHILANTHROPY OFF.
Officer
50$0$371,319$58,052
ERIC DELGADOTREASURER/CFO
Officer
50$0$391,882$34,371
ANDREA KINGFRMR OFF. - SMCF SENIOR EXEC. DIR.
Former
50$0$226,162$31,435
STAN MOSERFRMR OFF. - INTERIM CFO
Former
0$0$116,316$3,941
EUGENE PEPPER TOOMEYBOARD MEMBER - THRU 12/31/24
Trustee or director
0.5$0$9,225$185
CONNIE WONGBOARD MEMBER
Trustee or director
0.5$0$0$0
KATE MARKSBOARD MEMBER
Trustee or director
0.5$0$0$0
KATHLEEN WRIGHTBOARD CHAIR
Trustee or director, Officer
1$0$0$0
LYNN MANLEYBOARD MEMBER
Trustee or director
0.5$0$0$0
MARILYN VALENTINEBOARD MEMBER
Trustee or director
0.5$0$0$0
6 more people on this return
NameTitleHours / weekCompensation
MICHAEL SLONSKIBOARD MEMBER
Trustee or director
0.5$0
PETER CRAMERBOARD MEMBER - THRU 12/31/24
Trustee or director
0.5$0
ROMAR RIOJASBOARD MEMBER
Trustee or director
0.5$0
RONALD BERENSTAINBOARD VICE CHAIR
Trustee or director, Officer
1$0
TANYA SORENSEN MDBOARD MEMBER
Trustee or director
0.5$0
TERRY LUNDEENBOARD MEMBER
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 23 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
GUY HUDSON MDBOARD MEMBER - THRU 9/23
Trustee or director
0.5$0$6,155,606$39,652
ELIZABETH WAKOBOARD MEMBER (PART YEAR)
Trustee or director
0.5$0$1,614,180$216,216
MARYBETH FORMBYTREASURER/CFO
Officer
1$0$1,162,817$128,697
SARA JO GRETHLEIN MDBOARD MEMBER
Trustee or director
0.5$0$723,671$132,145
HILARY DOMEIKASECRETARY/SR CORP COUNCIL
Officer
1$0$666,074$91,412
BETSY VOFRMR OFF. - DIV SENIOR CORP COUNSEL
Former
0$0$573,446$92,726
ANDREA KINGVICE PRES., PHIL. SVS. - THRU 10/23
Officer
50$0$280,074$51,947
TRACY OSTREMFRMR PRESIDENT/CDO
Former
0$0$259,541$0
GREGG SIMPSONCHIEF PHILANTHROPY OFF. (PART YEAR)
Officer
1$0$109,183$13,148
STAN MOSERFRMR INTERIM TREASURER
Former
0$0$117,566$427
PEPPER EUGENE TOOMEY MDBOARD MEMBER
Trustee or director
0.5$0$10,350$270
CARLA MILLAGEBOARD MEMBER
Trustee or director
0.5$0$0$0
CHUCK LYTLEBOARD VICE CHAIR
Trustee or director, Officer
1$0$0$0
CONNIE WONGBOARD MEMBER
Trustee or director
0.5$0$0$0
JESSICA HUGHESBOARD CHAIR
Trustee or director, Officer
1$0$0$0
KATHLEEN WRIGHTBOARD MEMBER
Trustee or director
0.5$0$0$0
LYNN MANLEYBOARD MEMBER
Trustee or director
0.5$0$0$0
MARILYN VALENTINEBOARD MEMBER
Trustee or director
0.5$0$0$0
PETER CRAMERBOARD MEMBER
Trustee or director
0.5$0$0$0
RICK CANTUBOARD MEMBER - THRU 3/23
Trustee or director
0.5$0$0$0
RONALD BERENSTAINBOARD MEMBER
Trustee or director
0.5$0$0$0
TANYA SORENSEN MDBOARD MEMBER
Trustee or director
0.5$0$0$0
TERRY LUNDEENBOARD MEMBER
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
747 BROADWAY, SEATTLE, WA 98122-4379
Principal officer (990 for 2024)
GREGG SIMPSON, 747 BROADWAY, SEATTLE, WA 98122
Signed the 990
GREGG SIMPSON, CHIEF PHILANTHROPY OFF.
Phone
(206) 215-5967
Return prepared by
ERNST & YOUNG US LLP

Mission

THE FOUNDATION IS COMMITTED TO SUPPORTING THE EFFORTS OF SWEDISH HEALTH SERVICES IN ADVANCING HEALTH CARE IN THE REGION AND MEETING THE HEALTH CARE NEEDS OF THE COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • 2024 SWEDISH FOUNDATION 990 RECAP DONATIONS TO SWEDISH FOUNDATION ENSURE PATIENTS HAVE ACCESS TO THE SAFEST, HIGHEST QUALITY, MOST ADVANCED HEALTH CARE AVAILABLE, INCLUDING IN THE FOLLOWING KEY AREAS: NORTH PATIENT TOWERTHE NEW NORTH PATIENT TOWER, EXPECTED TO OPEN IN 2027, WILL PROVIDE A STATE-OF-THE-ART, BEST-IN-CLASS ENVIRONMENT FOR PATIENT CARE, ENSURING THAT WE CONTINUE TO DELIVER THE MOST ADVANCED AND SPECIALIZED MEDICAL CARE IN THE NORTHWEST. THE NORTH PATIENT TOWER WILL BE A "BUILDING OF THE FUTURE." DESIGNATED PHILANTHROPIC FUNDS DONATED IN 2024 WILL SUPPORT THIS INITIATIVE TO HELP US BUILD 24 ADVANCED OPERATING SUITES, WITH STATE-OF-THE-ART TECHNOLOGY TO SUPPORT THE EVOLVING DELIVERY OF SURGICAL SERVICES; A NEW 31-ROOM EMERGENCY DEPARTMENT, DESIGNED TO BE MORE EFFICIENT AND BETTER MANAGE THE NEEDS OF PATIENTS; A 72-BED ACUITY-ADAPTABLE INTENSIVE CARE UNIT (ICU) TO ENSURE FLEXIBILITY OF OUR MOST CRITICAL PATIENTS; NEW CENTRALIZED IMAGING FACILITIES TO DIAGNOSE, MONITOR, AND TREAT MEDICAL CONDITIONS; AND SUPPORTIVE, HEALING SPACES FOR PATIENTS, CAREGIVERS, AND VISITORS. PROVIDENCE SWEDISH CANCER INSTITUTE (PSCI) IN 2024, PHILANTHROPIC DOLLARS SUPPORTED AN ARRAY OF CRITICAL CANCER RESEARCH, EDUCATION, PATIENT ASSISTANCE, AND SUPPORTIVE CARE SERVICES. THESE DONATIONS HELPED US TO FOCUS VITAL RESOURCES ON THE TREATMENT OF CANCER AND OFFER EVIDENCE-BASED PATIENT CARE, TAILORED TO EACH PATIENT'S UNIQUE NEEDS. IN 2024, RESEARCH GIFTS WERE DIRECTED TO THE CENTER FOR BLOOD DISORDERS AND CELLULAR THERAPY, PAUL G. ALLEN RESEARCH CENTER, BREAST CANCER PROGRAM, AND KAPLAN CANCER RESEARCH PROGRAM. THESE DONATIONS WERE ESSENTIAL IN HELPING US TO CONTINUE CLINICAL RESEARCH EFFORTS, ENABLING THE TEAM TO QUICKLY TRANSLATE FINDINGS INTO REAL-WORLD TESTS AND TREATMENTS THAT IMPROVE PATIENTS' LIVES. PHILANTHROPY WAS INSTRUMENTAL IN ADDRESSING CANCER SCREENING AND ONCOLOGY SERVICES WITHIN THE GREATER PUGET SOUND COMMUNITY. LAST YEAR, FUNDING SUPPORTED MOBILE MAMMOGRAPHY, GYNECOLOGIC ONCOLOGY, AND SATELLITE OPERATIONS AT PSCI ISSAQUAH AND EDMONDS. IT ALSO ALLOWED FOR PATIENT ASSISTANCE PROGRAMS AND WIDESPREAD SUPPORTIVE COUNSELING, SOCIAL WORK, AND PATIENT ASSISTANCE SERVICES, SUCH AS INNOVATIVE ART AND MUSIC THERAPIES AND A UNIQUE HEALTH CARE PROGRAM PROVIDING TRAINING AND CAREER OPPORTUNITIES FOR WOMEN FACING HOMELESSNESS. PROVIDENCE SWEDISH NEUROSCIENCE INSTITUTE (PSNI) THE ACCLAIMED PROVIDENCE SWEDISH NEUROSCIENCE INSTITUTE PROVIDES ADVANCED, PROGRESSIVE TREATMENT FOR A WIDE RANGE OF BRAIN, SPINE, AND CENTRAL NERVOUS SYSTEM CONDITIONS. WE HAVE A ROSTER OF WORLD-CLASS NEUROLOGISTS AND NEUROSURGEONS, LEADING-EDGE OPERATING ROOMS, TELEHEALTH ACCESS FOR PATIENTS OUTSIDE THE AREA, AND A SPECIALLY TRAINED INPATIENT NEUROLOGY TEAM, ALL WITH A LEVEL OF CARE AND COMPASSION FOCUSED ON IMPROVING OUTCOMES. PHILANTHROPIC DONATIONS TO THE PROVIDENCE SWEDISH NEUROSCIENCE INSTITUTE ALLOWED FOR NEW TECHNOLOGY, ENHANCED PATIENT EDUCATION, INNOVATIVE RESEARCH, AND IMPROVED PATIENT CARE. GIFTS DESIGNATED FOR THE MULTIPLE SCLEROSIS CENTER WERE DIRECTED TO MS RESEARCH, SUPPORT INITIATIVES, AND LIFESTYLE PROGRAMS, IN ADDITION TO PROGRAMMATIC STAFFING NEEDS TO SUPPORT THESE AREAS. THE BEN AND CATHERINE IVY CENTER FOR ADVANCED BRAIN TUMOR TREATMENT UTILIZED PHILANTHROPIC SUPPORT TO CONTINUE ITS PIVOTAL IMMUNOTHERAPY RESEARCH, HIGH-THROUGHPUT CLINICAL TRIAL, AND THE STAFFING OF A NURSE NAVIGATOR TO SUPPORT CLINICAL AND PATIENT NEEDS.GIFTS TO PSNI ALSO HELPED FUND NEUROSURGICAL FELLOWSHIPS AND EDUCATIONAL PROGRAMS, MOVEMENT DISORDER RESEARCH, LIFESTYLE PROGRAMS. IT ALSO HELPED FUND COMMUNITY EDUCATION, LIFESTYLE MEDICINE PROGRAMS, AND PROGRAMMATIC SUPPORT FOR THE CENTER FOR HEALTHY AGING AND WOMEN'S BRAIN HEALTH PROGRAM, AS WELL AS A NURSE NAVIGATOR TO SUPPORT THE CEREBROVASCULAR AND STROKE PROGRAM. PROVIDENCE SWEDISH HEART & VASCULAR INSTITUTE (PSHVI) WE ARE THE REGION'S LARGEST CARDIOVASCULAR CARE CENTER, WITH A BROAD RANGE OF SERVICES, SUB-SPECIALTIES, AND EXPERTISE TO TREAT THE MOST COMPLEX CONDITIONS. WE DEVELOPED SEVERAL INNOVATIVE MULTIDISCIPLINARY TEAMS TO PROVIDE IMMEDIATE CARE OF HIGH ACUITY CARDIOVASCULAR CONDITIONS. WE ALSO HAVE A COMPREHENSIVE CARDIOVASCULAR CLINICAL RESEARCH PROGRAM. THIS HAS EARNED PSHVI LOCAL AND NATIONAL RECOGNITION FOR HIGH-QUALITY CARDIAC CARE, INCLUDING BEING NAMED AMONG U.S. NEWS AND WORLD REPORT'S HIGH PERFORMING HOSPITALS IN THE AREAS OF TRANSCATHETER AORTIC VALVE REPLACEMENT, HEART BYPASS SURGERY, AORTIC VALVE SURGERY, HEART ATTACK, AND HEART FAILURE. WITH PHILANTHROPIC DOLLARS, PSHVI WAS ABLE TO GROW ITS COMPREHENSIVE ATRIAL FIBRILLATION NETWORK WITH ADDITIONAL CLINICAL SPACE, EQUIPMENT, AND STAFFING TO SUPPORT A GROWING CARDIAC PATIENT POPULATION AND LAY THE GROUNDWORK FOR A FUTURE ADVANCED HYPERTENSION CLINIC. IN 2024, WE DEVELOPED THE ADVANCED CARDIAC SUPPORT REGIONAL TRANSFER PROGRAM WITH FOUNDATION SUPPORT AND ASSISTED WITH PROVIDING FOUR NURSE NAVIGATORS AND CONFERENCE ATTENDANCE ASSISTANCE FOR ADDITIONAL EDUCATION AND GROWTH OPPORTUNITIES WITHIN THE CLINICAL TEAM. SWEDISH WOMEN AND CHILDREN'S INSTITUTE (W&C) OUR NEONATAL INTENSIVE CARE UNIT (NICU), THE LARGEST IN THE STATE, IS DESIGNATED AS A TOP CARE CENTER FOR NEWBORNS. AS A LEVEL IV REGIONAL NICU, WE PROVIDE THE HIGHEST LEVEL OF NEONATAL SERVICES TO FAMILIES IN THIS REGION. EVERY BIRTH PARENT'S EXPERIENCE IS DIFFERENT AND, AT SWEDISH, WE OFFER OUR PATIENTS THE CHOICE OF A MIDWIFE, DOULA OR OBSTETRICIAN-GYNECOLOGIST (OBGYN) TO CREATE THE MOST PERSONALIZED CHILDBIRTH EXPERIENCE POSSIBLE. THROUGH OUR WOMEN'S WELLNESS PROGRAM, WE OFFER A COMPREHENSIVE LEVEL OF CARE WITH A MULTIDISCIPLINARY TEAM OF GYNECOLOGISTS, UROGYNECOLOGISTS, AND SURGEONS TO ADDRESS WOMEN'S HEALTH NEEDS, INCLUDING PERIMENOPAUSE AND MENOPAUSE CARE, MINIMALLY INVASIVE GYNECOLOGIC SURGERIES, AND SEXUAL HEALTH. IN 2024, W&C DONATIONS HELPED US PROVIDE ACCESS TO A FULL SPECTRUM OF NEEDED SERVICES, INCLUDING MATERNAL HEALTH, AND LABOR AND DELIVERY SERVICES SUCH AS MIDWIFERY AND DOULA SERVICES THAT OFFER INDIVIDUALIZED PHYSICAL, EMOTIONAL, AND EDUCATIONAL SUPPORT THROUGHOUT PREGNANCY, BIRTH, AND POSTPARTUM. PHILANTHROPIC SUPPORT WAS A CORNERSTONE IN OUR NICU, PROVIDING PREMATURE INFANTS OR THOSE IN NEED SPECIALIZED MONITORING AND SUPPORT FROM A MULTIDISCIPLINARY TEAM OF NEONATAL REGISTERED NURSES, PHYSICIANS, RESPIRATORY THERAPISTS, SOCIAL WORKERS, CARE MANAGERS, LACTATION CONSULTANTS, AND CHILD-LIFE SPECIALISTS. IN ADDITION, DOLLARS RAISED ASSISTED WITH LACTATION SUPPORT SERVICES, WOMEN'S HEALTH, OUR OBGYN RESIDENCY PROGRAM, AND ASSISTING WITH PROGRAMS WITHIN OUR PEDIATRIC SPECIALTIES. NURSING IN 2024, PHILANTHROPIC SUPPORT ALLOWED US TO MAKE AN IMPACT IN NURSING EDUCATION, RETENTION, CAREER GROWTH, AND INNOVATION. FUNDS DIRECTED TO THE NURSING PROGRAM SUPPORTED A VARIETY OF NURSING WELLNESS AND PROFESSIONAL DEVELOPMENT PROGRAMS INCLUDING SCHOLARSHIPS AND TRAINING RETREATS, THE ESTABLISHMENT OF NURSING RESPITE ROOMS AS A DEDICATED SPACE FOR NURSES TO REGROUP AND RECHARGE, AND THE CONTINUATION OF THE CRITICAL INCIDENT STRESS MANAGEMENT (CISM)/CODE LILAC PROGRAM, WHERE A CAREGIVER CAN CALL A "CODE LILAC" FOR SUPPORT AFTER A TRAUMATIC INCIDENT, OFFERING NURSES REAL-TIME INTERVENTION FOLLOWING A STRESSFUL EVENT, DELIVERED BY A RESPONSE TEAM WHO PROVIDE TIMELY INTERVENTION AND RESOURCE OPTIONS. PHILANTHROPIC SUPPORT WAS DESIGNATED FOR THE EXPANSION OF OUR 11,000-SQUARE-FOOT SWEDISH SIMULATION CENTER (SIM CENTER) AT SWEDISH CHERRY HILL, WHICH RUNS APPROXIMATELY 2,000 HOURS OF IMMERSIVE SIMULATIONS ACROSS ALL OUR CAMPUSES AND SPECIALTIES. THESE SIMULATIONS PROVIDE A SAFE ENVIRONMENT FOR NURSES TO PRACTICE AND REFINE THEIR SKILLS, ENSURING THEY FEEL PREPARED AND CONFIDENT TO HANDLE REAL-LIFE SCENARIOS. AND LAST YEAR WE INTRODUCED VIRTUAL NURSING TO OUR SURGICAL TELEMETRY UNIT, ALLOWING US TO OFFER ADDITIONAL CARE AND ATTENTION TO PATIENTS WHILE FREEING UP FLOOR NURSES TO PROVIDE MORE INTENSIVE CARE. WE ALSO STARTED WORK TOWARD THE AMERICAN NURSES CREDENTIALING CENTER'S MAGNET HOSPITAL DESIGNATION, CONSIDERED THE GOLD STANDARD IN NURSING FOR TOP PATIENT CARE, QUALITY CONTROL, AND TEAM TRAINING. THIS DESIGNATION IS A HALLMARK OF NURSING EXCELLENCE AND A MAJOR DRAW FOR PROSPECTIVE NURSES, AIDING IN RECRUITING AND RETENTION EFFORTS.
    Expenses $22,669,993 · grants $22,669,993

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
91-0983214
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1978
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E120)
Assets (IRS master file)
$201,908,756
Income (IRS master file)
$80,834,360

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$77,149,780$31,085,114$201,908,756XML
990-TDecember 2024–––IRS
990December 2023$36,544,463$25,566,977$147,400,245XML
990-TDecember 2023–––IRS
990December 2022$29,716,152$27,525,732$135,394,870IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-0983214).

Questions about SWEDISH MEDICAL CENTER FOUNDATION

What is the EIN of SWEDISH MEDICAL CENTER FOUNDATION?
The employer identification number (EIN) of SWEDISH MEDICAL CENTER FOUNDATION is 91-0983214.
Is SWEDISH MEDICAL CENTER FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
Are donations to SWEDISH MEDICAL CENTER FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SWEDISH MEDICAL CENTER FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SWEDISH MEDICAL CENTER FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SWEDISH MEDICAL CENTER FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SWEDISH MEDICAL CENTER FOUNDATION?
The 990 for the year ended December 31, 2024 names GREGG SIMPSON.
Who are the officers and directors of SWEDISH MEDICAL CENTER FOUNDATION?
The 990 for the year ended December 31, 2024 lists 21 people; 0 received compensation from the organization.
How much revenue does SWEDISH MEDICAL CENTER FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $77,149,780, expenses of $31,085,114 and total assets of $201,908,756 at year end.

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