Bethesda Foundation INC

Tax-deductible

Cincinnati, OH501(c)(3)Since 1974Health CareEIN 23-7374129Revenue $17.1M in FY2025

On file with the IRSbethesdafoundation.com625 Eden Park Drive 7th Floor, 45202-6005 · Cincinnati, OHTax-exempt since May 1974Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 145 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $7.8M a year · 41% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $387K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$31.7M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 22 voting members
Looks good: 19 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.1M
-52% vs prior year
Spent
$10.1M
To programs
67%
Net assets
$159.5M
By yearFY2020–FY2025
Revenue
$17.1M
FY2025▼ -52%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.9M
FY2021$46.7M
FY2022$6.8M
FY2023$3.3M
FY2024$35.6M
FY2025$17.1M
Expenses
$10.1M
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.1M
FY2021$10.8M
FY2022$6.4M
FY2023$25.2M
FY2024$8.8M
FY2025$10.1M
Net assets
$159.5M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$113.4M
FY2021$142.8M
FY2022$134.5M
FY2023$139.1M
FY2024$150.6M
FY2025$159.5M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $6.8M Management & general 28% · $2.8M Fundraising 5% · $536K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Trustee (end 6/25)
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
Treasurer (end 6/25)
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary (start 7/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bethesda Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps a hospital achieve its goals and overcome healthcare challenges.

Questions for Bethesda Foundation INC

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Provided by the organization

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1 program · $6.8M · in their own filed words · FY2024
01

See schedule o

$6.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 39 grants · $50.5M · 2019–2024
Bethesda Hospital INCOH · FY2024$5,866,176
Bethesda Healthcare INCOH · FY2024$383,605
Trihealth INCOH · FY2024$56,917
Unitemized GrantFY2024$51,969
From Fatherless to FearlessOH · FY2024$25,000
Bethesda Hospital INCOH · FY2023$5,297,024
Bethesda Healthcare INCOH · FY2023$397,105
Trihealth INCOH · FY2023$50,000
Unitemized GrantFY2023$37,500
Bethesda Hospital INCOH · FY2022$21,643,729
Bethesda Healthcare INCOH · FY2022$433,027
See all 39 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$17.1M
Ln 12
Investment incomeLn 3$14.7M
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$597K
Money outPt IX
$10.1M
Ln 25
Programscol B$6.8M
Managementcol C$2.8M
Fundraisingcol D$536K
Owns and owesPt X
$159.5M
net assets · Ln 32
Cash and savingsLn 1–2$968K
Total assetsLn 16$191.2M
LiabilitiesLn 26$31.7M
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$60K
Noncash giftsLn 1g$50K
Fundraising eventsLn 1c$178K
Fees for servicesLn 2g$516K
Investment incomeLn 3$14.7M
Other incomeLn 4–11$597K
Gains on assetsLn 7$11.6M
Total revenueLn 12$17.1M
Assets in detailPt X, end of year
CashLn 1$968K
Cash and savings togetherLn 1–2$968K
InvestmentsLn 11–13$189.2M
Land, buildings, equipmentLn 10c$143K
Total assetsLn 16$191.2M
LiabilitiesLn 26$31.7M
Net assetsLn 32$159.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6145
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$11.3M$968K
InvestmentsLn 11–13$169.5M$189.2M
Land, buildings, equipmentLn 10c$140K$143K
Total assetsLn 16$181.8M$191.2M
LiabilitiesLn 26$31.2M$31.7M
Net assetsLn 32$150.6M$159.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.7M$6.7M
Grants to domestic individualsLn 2$52K$52K
Legal feesLn 11b$8K$8K$236
Investment management feesLn 11f$588K$588K
Other fees for servicesLn 11g$320K$286K$34K
Advertising and promotionLn 12$131K$111K$20K
Office expensesLn 13$208K$599$46K$161K
Information technologyLn 14$5K$5K
TravelLn 17$13K$13K
Conferences, conventions and meetingsLn 19$5K$5K$10
Depreciation, depletion and amortizationLn 22$11K$8K$3K
Other expenses (24a–d)Ln 24$2.0M$1.7M$321K
All other expensesLn 24e$15K$14K$2K
Total functional expensesLn 25$10.1M$6.8M$2.8M$536K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $17.1M$10.1M$7.0M$159.5M 990 PDF
FY2024 $35.6M$8.8M$26.7M$150.6M 990 PDF
FY2023 $3.3M$25.2M−$21.9M$139.1M 990 PDF
FY2022 $6.8M$6.4M$381K$134.5M 990 PDF
FY2021 $46.7M$10.8M$35.9M$142.8M 990 PDF
FY2020 $5.9M$7.1M−$1.2M$113.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $17,103,008 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,835,325$1,297,970
I-9 Program service revenuePrior year $622,243$515,982
I-10 Investment incomePrior year $16,527,698$14,691,862
I-11 Other revenuePrior year $571,656$597,194
I-12 Total revenuePrior year $35,556,922$17,103,008
I-13 Grants and similar amounts paidPrior year $6,169,432$6,758,479
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,637,987$3,345,794
I-18 Total expensesPrior year $8,807,419$10,104,273
I-19 Revenue less expensesPrior year $26,749,503$6,998,735
Part VI · Governance 19 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members19
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $17,103,008 across 11 lines filed
VIII-1c Fundraising events$178,111
VIII-1d Related organizations$55,000
VIII-1e Government grants$60,000
VIII-1f All other contributions, gifts and grants$1,004,859
VIII-1g Noncash contributions (included above)$49,801
VIII-1h Total contributions, gifts and grants$1,297,970
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $515,982$515,982
VIII-3 Investment incomeExcluded from tax $3,102,049$3,102,049
VIII-7 Net gain or loss on sales of assetsExcluded from tax $11,589,813$11,589,813
VIII-8 Net income from fundraising eventsExcluded from tax $597,194$597,194
VIII-12 Total revenueRelated to mission $515,982 · Unrelated business $0 · Excluded from tax $15,289,056$17,103,008
Part IX · Statement of functional expenses $10,104,273 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $6,706,510$6,706,510
IX-2 Grants to domestic individualsPrograms $51,969$51,969
IX-11b Legal feesManagement $7,806 · Fundraising $236$8,042
IX-11f Investment management feesManagement $588,147$588,147
IX-11g Other fees for servicesManagement $286,330 · Fundraising $33,561$319,891
IX-12 Advertising and promotionManagement $110,931 · Fundraising $20,360$131,291
IX-13 Office expensesPrograms $599 · Management $46,264 · Fundraising $161,113$207,976
IX-14 Information technologyManagement $4,994$4,994
IX-17 TravelManagement $12,632$12,632
IX-19 Conferences, conventions and meetingsManagement $5,152 · Fundraising $10$5,162
IX-22 Depreciation, depletion and amortizationPrograms $8,425 · Management $2,778$11,203
IX-24 Other expenses (24a–d)Management $1,720,027 · Fundraising $321,045$2,041,072
IX-24e All other expensesPrograms $13,860 · Management $1,524$15,384
IX-25 Total functional expensesPrograms $6,781,363 · Management $2,786,585 · Fundraising $536,325$10,104,273
Part X · Balance sheet $191,227,019 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $11,268,214$968,402
X-3 Pledges and grants receivableStart of year $802,642$917,389
X-10c Land, buildings and equipment, netStart of year $140,483$142,567
X-11 Publicly traded securitiesStart of year $143,226,346$164,894,025
X-12 Other securitiesStart of year $26,320,897$24,304,636
X-16 Total assetsStart of year $181,758,582$191,227,019
X-17 Accounts payable and accrued expensesStart of year $297,562$220,001
X-25 Other liabilitiesStart of year $30,867,793$31,466,356
X-26 Total liabilitiesStart of year $31,165,355$31,686,357
X-27 Net assets without donor restrictionsStart of year $130,365,066$139,132,658
X-28 Net assets with donor restrictionsStart of year $20,228,161$20,408,004
X-32 Total net assets or fund balancesStart of year $150,593,227$159,540,662
X-33 Total liabilities and net assetsStart of year $181,758,582$191,227,019
Part XI · Reconciliation of net assets $159,540,662 net assets at year end
XI-1 Total revenue$17,103,008
XI-2 Total expenses$10,104,273
XI-3 Revenue less expenses$6,998,735
XI-4 Net assets at start of year$150,593,227
XI-5 Net unrealized gains (losses) on investments$1,736,522
XI-9 Other changes in net assets$212,178
XI-10 Net assets at end of year$159,540,662

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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