Sanford Health Foundation
100% goes to programs $0 to raise $100 Strong reserves Growing revenue
Sanford Health Foundation is a 501(c)(3) organization based in Sioux Falls, South Dakota, registered in 1997, with $214,434,250 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Po Box 5039, Sioux Falls, SD, 57117 EIN 36-3297853 Since 1997
Revenue (FY2024)
$214.4M
▲ 12.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$55.0M
Net assets
$1.2B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Sanford Health Foundation: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating270 mo reserves · +74% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sanford Health Foundation: 270 mo reserves · +74% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Sanford Health Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sanford Health Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To inspire philanthropy to advance the mission of sanford health - to care, comfort and cure.
What they do
The foundation inspires and facilitates philanthropic investment and builds community engagement around local health care-related programs, services and operations of sanford health while also seeking regional, national and international support for research and other health initiatives. specifically, donations help provide patient care and family support ($3,400,795), equipment and facility improvement projects ($8,434,076), other internal programs ($114,070) and community benefit ($84,139).
Additional donations support continuing education for staff and research programs that support the highest standards of patient care today and drive innovation and discovery of the treatments and cures of tomorrow.
Contact & location
- Address
- Po Box 5039, Sioux Falls, SD, 57117
- City
- Sioux Falls
- State
- South Dakota
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $46.6M (FY2013) to $214.4M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $46.2MNet assets $1.2B
Operating margin
74.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$46.2M
Net assets
$1.2B
Salaries & benefits
$0
0% of expenses
Board members
12
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $214,434,250▲12.2% | $55,013,694▲12.7% | $1,237,240,102▲12.8% | $1,283,437,010▲7.2% | 990 |
| 2023 | $191,125,295▲4.8% | $48,812,932▲37.7% | $1,096,576,488▲21.4% | $1,197,031,734▲13.8% | 990 |
| 2022 | $182,417,940▲22.7% | $35,450,465▲8.1% | $903,335,637▼5.7% | $1,051,795,268▼3.1% | 990 |
| 2021 | $148,692,334▲236% | $32,783,754▼9.2% | $958,342,584▲14.0% | $1,085,759,919▲25.5% | 990 |
| 2020 | $44,205,235▼16.1% | $36,125,168▼11.9% | $840,616,599▲6.8% | $864,901,267▲5.6% | 990 |
| 2019 | $52,707,329▼4.7% | $40,995,869▼8.5% | $787,283,076▲10.7% | $818,780,636▲6.0% | 990 |
| 2017 | $55,302,671▼6.7% | $44,822,560▼2.8% | $710,978,821▼1.3% | $772,453,523 | 990 |
| 2016 | $59,296,507▲6.7% | $46,091,969▲19.2% | $720,231,872▲2.5% | $772,722,732▲0.7% | 990 |
| 2015 | $55,590,276▼1.4% | $38,665,916▲6.2% | $702,749,146▲6.6% | $767,525,247▲15.8% | 990 |
| 2014 | $56,368,863▲20.9% | $36,398,639▲4.9% | $659,098,205▲3.3% | $662,772,197▲3.2% | 990 |
| 2013 | $46,640,239 | $34,714,256▼17.8% | $638,011,385▲6.5% | $642,430,597▲6.1% | 990 |
| 2012 | — | $42,241,918▲3.2% | $598,813,353▼1.3% | $605,215,311▼1.3% | 990 |
| 2011 | — | $40,919,375▲18.4% | $606,709,010▲4.1% | $613,301,855▲4.0% | 990 |
| 2010 | — | $34,563,806▲70.7% | $582,623,426▲26.2% | $589,943,671▲26.1% | 990 |
| 2009 | — | $20,247,041 | $461,520,128 | $467,712,989 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andy North | Trustee, Secretary, Indep Contractor | 0.24 | — |
| Bill Gassen | Trustee, President & Ceo | 0.75 | — |
| Bill Marlette | Interim, Evp, Cfo (end 1/24) | 0.75 | — |
| Brent Teiken | Trustee | 0.24 | — |
| Dana Dykhouse | Trustee | 0.24 | — |
| David Shulkin | Trustee | 0.24 | — |
| Deb Koski | Chief Philanthropy Officer | 12 | — |
| Don Jacobs | Former Trustee | 0 | — |
| James Cain | Trustee, Treasurer | 0.24 | — |
| Lauris Molbert | Trustee, Chairperson | 0.24 | — |
| Mark Lundeen Md | Trustee | 0.24 | — |
| Marnie Hermann | Trustee, Vice Chair | 0.24 | — |
| Michelle Bruhn | Former Evp, Cfo & Treasurer | 0 | — |
| Neil Gulsvig | Trustee, Past Chair | 0.24 | — |
| Nick Olson | Evp, Cfo (beg 4/24) | 0.75 | — |
| Scott Wooten | Evp, Cfo (end 4/24) | 0.75 | — |
| Stephanie Herseth Sandlin | Trustee | 0.24 | — |
| Wesley Engbrecht | Trustee | 0.24 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| First Premier Bank | Investment Management | $988,820 |
| Cumberland Advisors | Investment Management | $845,354 |
| Schroder Investment Management Na | Investment Management | $243,710 |
Grants received · $18.7M total
39 grants to Sanford Health Foundation totaling $18.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Sioux Falls Area Community Foundation Inc | General support, sanford international support, children's hospital fundraiser, research endowments, fundraising support | 2024 | $593,426 |
| Impact Investing Charitable Foundation Inc | Humanitarian help | 2024 | $43,000 |
| South Dakota Community Foundation | Healthcare | 2024 | $25,000 |
| Pga Tour Inc | General support | 2024 | $8,365 |
| Sioux Falls Area Community Foundation Inc | Program support, general support | 2023 | $236,859 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $20,000 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $12,000 |
| Oregon Community Foundation | Parks and recreation | 2023 | $10,000 |
| Sioux Falls Area Community Foundation Inc | General support, campaign support, capital projects | 2022 | $1,443,997 |
| Raymond James Charitable Endowment Fund | General support | 2022 | $100,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $21,000 |
| Sioux Falls Area Community Foundation Inc | General support, program support, sanford house | 2021 | $360,187 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $36,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $36,100 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $30,000 |
Grants made · $55.0M in FY2024
6 grants totaling $55.0M in FY2024. All grants made by Sanford Health Foundation →
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Compare Sanford Health Foundation
Frequently asked questions
- Is Sanford Health Foundation a legitimate nonprofit?
- Yes. Sanford Health Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3297853, based in Sioux Falls, South Dakota. Donations are tax-deductible.
- What is Sanford Health Foundation's EIN?
- Sanford Health Foundation's Employer Identification Number (EIN) is 36-3297853.
- How much revenue does Sanford Health Foundation report?
- Sanford Health Foundation reported $214,434,250 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Sanford Health Foundation's spending goes to programs?
- Sanford Health Foundation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Sanford Health Foundation have?
- CharityIndex grades Sanford Health Foundation A, based on program efficiency and fundraising cost.
- How much does Sanford Health Foundation's highest-paid employee make?
- The highest reported compensation on Sanford Health Foundation's latest Form 990 is $0, paid to Andy North (Trustee, Secretary, Indep Contractor).
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Data for Sanford Health Foundation (EIN 36-3297853) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.