Key facts

Public institution or system

Providence

Legal filer in linked tax return

PROVIDENCE PORTLAND MEDICAL FOUNDATION

Institution type

hospital

Location of filer

Portland, OR

EIN

93-1231494

Selected financial measure

endowment net assets

Closing value

$56,447,025

Actual fiscal period end

December 31, 2024

Compiled list position

111 of 541

Data through FY2024

Reporting entity and financial scope

Selected Schedule D endowment of PROVIDENCE PORTLAND MEDICAL FOUNDATION. Entity and reporting scope

The selected endowment balance excludes assets outside the reported endowment category. Filer total assets are shown separately where available. Endowment disclosure

Endowment size and annual history

Source: ProPublica · Data through FY2024

History source

The selected series moved from $52,551,726 at December 31, 2023 to $56,447,025 at December 31, 2024. That is a rise of $3,895,299, or 7.41% of the earlier closing balance. This arithmetic describes the change in the reported fund size. Gifts and amounts spent can also change the balance, so the percentage is not an investment performance result. Annual balance evidence

Reading the reported balances

The displayed 5-date series begins at $30,984,400 on December 31, 2020 and ends at $56,447,025 on December 31, 2024. Across those observations, the closing fund balance increased by $25,462,625. The smallest reported amount is $30,984,400 at December 31, 2020; the largest is $56,447,025 at December 31, 2024. Annual balance evidence

The series records 3 increases and 1 decrease between consecutive dates in the displayed series. Each interval compares two closing accounting values. The observation count describes the published history on this page and does not imply a complete history since the fund was established. Annual balance evidence

The current-year contribution entry is $847,128 against an opening endowment of $52,551,726. That contribution equals 1.61% of the opening balance, a simple scale comparison between two lines of the same schedule. The explicitly reported endowment expenditure amounts sum to $2,333,351, excluding fields without a reported amount. An empty field does not establish a zero expense. This calculation preserves the source's expenditure categories; it does not assign a board-approved payout rate. Current-year entries

Endowment flows and spending

For the tax period ending December 31, 2024, Schedule D begins with $52,551,726 in endowment. It records $847,128 in contributions. The investment earnings, gains and losses line is $5,381,432. The earnings line is a dollar accounting amount. Calculating a time-weighted return would require information about the timing of external cash flows and the portfolio's return calculation. Schedule D roll-forward

The same Schedule D reports $2,333,351 for grants or scholarships. These retain the tax form's labels. Their dollar amounts do not establish an annual spending policy based on average portfolio values. Disclosed endowment uses

The reported opening balance, additions and listed expenditures leave a $90 difference from the closing balance. The difference is left visible. Blank fields, reported adjustments or rounding can require further explanation from the complete filing. Reconciliation inputs

Portfolio disclosure and investment oversight

Schedule D classifies the closing endowment as board-designated or quasi-endowment 6.4%, permanent endowment 60.4%, term endowment 33.2%. These percentages classify the legal restrictions on endowment funds. They do not describe investments in stocks, bonds or other asset classes. Restriction categories

The public return identifies officers for its own reporting period. Investment oversight titles from that period do not establish a current appointment. Dated public filing

Hospital finances and community benefit

The Form 990 for the period ending December 31, 2024 reports $249,332,095 in total assets, $35,723,775 in total revenue, $35,764,178 in total expenses. These are filer-wide figures. Total assets can include property, patient receivables and operating resources outside the endowment. Revenue and expenses describe annual activity; the endowment figure is a closing stock of assets. Tax-filing financial snapshot

No community-benefit dollar amount is assigned from this filer's available Schedule H fields. A hospital foundation can support care without operating a licensed hospital itself. Endowment expenditures therefore do not automatically equal the hospital's financial assistance or its total community-benefit expense. Filer financial record

The IRS explains that organizations operating tax-exempt hospital facilities face additional requirements under Section 501(r). Those requirements concern community health needs assessments, financial assistance, limits on charges and billing and collection. The rules apply at the facility level. IRS hospital requirements

Comparison with our compiled hospital list

Providence is number 111 in our compiled list of 541 hospital-related endowment records. The entries below are nearby by selected dollar size. This is our own compilation of public disclosures. The comparison uses selected financial balances and reporting dates. It does not measure investment skill or clinical outcomes. Full compiled list

The institutions have different reporting dates and legal boundaries. Some records cover a system, while others cover an operating hospital or supporting foundation. Their investment pools can overlap. The table gives scale context only; its balances should not be added together as a national endowment total. Comparison evidence