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Sanford Health Foundation

Sioux Falls, SD · EIN 36-3297853 · 501(c)(3) · Supporting organization, Type II
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Sanford Health Foundation reported $214.4 million in revenue and $55.0 million in expenses for calendar year 2024. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 75.9% of the total. The highest compensation it reported for one person was $4,999,360 (TRUSTEE, PRESIDENT & CEO). Revenue rose 307% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $55M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $214M

Other revenue was negative: −$346K. The bar shows the positive sources only.

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
100.0%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
0.0%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
75.9%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$4,999,360$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
9.09%1.56%
People paid over $100,000
Part VII, line 2
03
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
269.956.6
Independent voting board members
Part VI 1a–1b
8 of 12100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$42M expenses · 76.8% of program spending · grants $42M

Donations help support the sanford initiatives:the sanford initiatives enhance the capabilities of Sanford Health and allow the organization to share its expertise with the communities it serves. Areas of focus for the sanford initiatives include sanford research, children's health, sports medicine, weight loss, genetics, breast cancer, virtual care, innovation and more. Since its inception, the sanford initiatives have continued to achieve major milestones, giving way to new breakthroughs and new discoveries, all of which are helping to transform the future of health care. -childhood…

$12M expenses · 21.9% of program spending · grants $12M

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)

$757K expenses · 1.4% of program spending · grants $757K

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

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
TRUSTEE, PRESIDENT & CEO
Director/trustee, officer, 0.75 hrs/week
$0$4,414,119$585,241$4,999,360
EVP, CFO (END 4/24)
Officer, 0.75 hrs/week
$0$2,525,208$51,220$2,576,428
EVP, CFO (BEG 4/24)
Officer, 0.75 hrs/week
$0$1,047,876$123,386$1,171,262
INTERIM, EVP, CFO (END 1/24)
Officer, 0.75 hrs/week
$0$894,301$275$894,576
CHIEF PHILANTHROPY OFFICER
Key employee, 12.00 hrs/week
$0$485,983$48,491$534,474
TRUSTEE, SECRETARY, INDEP CONTRACTOR
Director/trustee, officer, 0.24 hrs/week
$0$379,383$0$379,383
FORMER EVP, CFO & TREASURER
Former, 0.00 hrs/week
$0$293,725$0$293,725
TRUSTEE, CHAIRPERSON
Director/trustee, officer, 0.24 hrs/week
$0$107,199$0$107,199

0 people received more than $100,000 in reportable compensation from Sanford Health Foundation (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$100M$200M$300M$400M201920202021202220232024$214M$55M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$214M$55M100.0%$1.24B$4,999,360
2023 ⓘ$191M$49M100.0%$1.10B$3,631,305
2022 ⓘ$182M$35M100.0%$903M$3,063,165
2021 ⓘ$149M$33M100.0%$958M$4,817,032
2020 ⓘ$44M$36M100.0%$841M$44,353,819
2019 ⓘ$53M$41M85.1%$787M$3,102,479

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b12 · 8 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 6101

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
FIRST PREMIER BANK
Investment management
$988,820
CUMBERLAND ADVISORS
Investment management
$845,354
SCHRODER INVESTMENT MANAGEMENT NA
Investment management
$243,710

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

14 private foundations reported grants to Sanford Health Foundation totaling $665K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Sanford Health Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Sanford Health Foundation, you can publish a response that is linked from this page.

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Questions people ask

How much of Sanford Health Foundation's spending goes to programs?

In calendar year 2024, Sanford Health Foundation reported that 100.0% of its $55.0 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Sanford Health Foundation pay its top executive?

The largest total compensation Sanford Health Foundation reported for one person in calendar year 2024 was $4,999,360, for the role of TRUSTEE, PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Sanford Health Foundation get its money?

Of $214.4 million in revenue in calendar year 2024, 75.9% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Sanford Health Foundation a registered charity?

The IRS lists EIN 36-3297853 as a 501(c)(3) organization (supporting organization, type ii), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503179349302205 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202403139349300245 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343049349302534 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233159349307503 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202143199349300929 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202022909349300417 · read the filing

All filings for EIN 36-3297853: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.