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The Hospice Foundation

Tax-deductible

Winston Salem, NC501(c)(3)Since 1993EIN 56-1823562

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The mission of the Hospice Foundation is to support Hospice & palliative carecenter through sound investment, strong fundraising efforts, and comprehensive stewardship of donors.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 22 volunteers.
Mission: Form 990 Part I, line 1 · 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 deficit $34K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25.1M
72% of total assets
Worth a look: liabilities are 72% of assets; over 65%.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 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
$2.5M
+14% vs prior year
Spent
$5.2M
To programs
98%
Net assets
$9.5M
By yearFY2020–FY2025
Revenue
$2.5M
FY2025▲ +14%
Revenue by fiscal year
FY2020$1.0M
FY2021$2.2M
FY2022$754K
FY2023$1.5M
FY2024$2.2M
FY2025$2.5M
Expenses
$5.2M
FY2025▲ +350%
Expenses by fiscal year
FY2020$897K
FY2021$896K
FY2022$1.1M
FY2023$1.1M
FY2024$1.2M
FY2025$5.2M
Net assets
$9.5M
FY2025▼ -6%
Net assets by fiscal year
FY2020$7.8M
FY2021$9.7M
FY2022$4.4M
FY2023$7.7M
FY2024$10.2M
FY2025$9.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1993.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $5.1M Management & general 2% · $91K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
David Twine
Treasurer
$0Pt VII · Sec A
Lottie Kay
Past Chair Foundation
$0Pt VII · Sec A
Mike Gwyn
Chair Governing
$0Pt VII · Sec A
Teresa Lindsay
Vice Chair Governing
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Hospice Foundation 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

Raises funds and invests them to support a hospice and palliative care center.

Provided by the organization

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1 program service account for $5.1M of program spending, described in the organization's own filed words · FY2025.
01

The hospice foundation manages the investments of hospice & palliative carecenter and provides financial support to that organization.

$5.1Mprogram expense

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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
Fidelity Investments Charitable Gift FundFY2024$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 6 grants · $9.6M · 2020–2025
Hospice & Palliative CarecenterNC · FY2025$5,140,642
Hospice & Palliative CarecenterNC · FY2024$984,032
Hospice & Palliative CarecenterNC · FY2023$984,107
Hospice & Palliative CarecenterNC · FY2022$947,080
Hospice & Palliative CarecenterNC · FY2021$775,867
Hospice & Palliative CarecenterNC · FY2020$800,182

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.5M
Ln 12
Investment incomeLn 3$2.2M
Gifts and grantsLn 1h$279K
Money outPt IX
$5.2M
Ln 25
Programscol B$5.1M
Managementcol C$91K
Owns and owesPt X
$9.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$34.6M
LiabilitiesLn 26$25.1M
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$279K
Investment incomeLn 3$2.2M
Gains on assetsLn 7$1.2M
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$140K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$33.0M
Total assetsLn 16$34.6M
LiabilitiesLn 26$25.1M
Net assetsLn 32$9.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 622
Fiscal year endsHeaderDecember
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$198K$1.6M
InvestmentsLn 11–13$34.1M$33.0M
Total assetsLn 16$34.3M$34.6M
LiabilitiesLn 26$24.2M$25.1M
Net assetsLn 32$10.2M$9.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.1M$5.1M
Investment management feesLn 11f$91K$91K
Total functional expensesLn 25$5.2M$5.1M$91K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.5M$5.2M−$2.8M$9.5M 990 PDF
FY2024 $2.2M$1.2M$1.0M$10.2M 990 PDF
FY2023 $1.5M$1.1M$415K$7.7M 990 PDF
FY2022 $754K$1.1M−$315K$4.4M 990 PDF
FY2021 $2.2M$896K$1.3M$9.7M 990 PDF
FY2020 $1.0M$897K$109K$7.8M 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 (4 parts)
Part VIII · Statement of revenue $2,474,833 across 5 lines filed
VIII-1f All other contributions, gifts and grants$278,703
VIII-1h Total contributions, gifts and grants$278,703
VIII-3 Investment incomeExcluded from tax $986,456$986,456
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,209,674$1,209,674
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,196,130$2,474,833
Part IX · Statement of functional expenses $5,232,133 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $5,140,642$5,140,642
IX-11f Investment management feesManagement $91,491$91,491
IX-25 Total functional expensesPrograms $5,140,642 · Management $91,491 · Fundraising $0$5,232,133
Part X · Balance sheet $34,587,331 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $55,947$139,613
X-2 Savings and temporary cash investmentsStart of year $141,944$1,470,449
X-11 Publicly traded securitiesStart of year $34,149,406$32,977,269
X-16 Total assetsStart of year $34,347,297$34,587,331
X-17 Accounts payable and accrued expensesStart of year $24,195,658$25,061,085
X-26 Total liabilitiesStart of year $24,195,658$25,061,085
X-27 Net assets without donor restrictionsStart of year $9,128,164$8,502,771
X-28 Net assets with donor restrictionsStart of year $1,023,475$1,023,475
X-32 Total net assets or fund balancesStart of year $10,151,639$9,526,246
X-33 Total liabilities and net assetsStart of year $34,347,297$34,587,331
Part XI · Reconciliation of net assets $9,526,246 net assets at year end
XI-1 Total revenue$2,474,833
XI-2 Total expenses$5,232,133
XI-3 Revenue less expenses−$2,757,300
XI-4 Net assets at start of year$10,151,639
XI-5 Net unrealized gains (losses) on investments$2,131,907
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,526,246

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

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