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Valley Health System: endowment and investment office
Valley Health System Group Return reports $47,147,375 in Schedule D endowment at December 31, 2024. This profile uses that legal filer's balance for Valley Health System. Dated balance source
Key facts
- Public institution or system
- Valley Health System
- Legal filer in linked tax return
- VALLEY HEALTH SYSTEM GROUP RETURN
- Institution type
- health system
- Location of filer
- Winchester, VA
- EIN
- 80-0584319
- Selected financial measure
- endowment net assets
- Closing value
- $47,147,375
- Actual fiscal period end
- December 31, 2024
- Compiled list position
- 120 of 541
Reporting entity and financial scope
Selected Schedule D endowment of VALLEY HEALTH SYSTEM GROUP RETURN. Entity and reporting scope
The source date and measure control this entry. Similar hospital names do not establish that two returns cover the same funds. Endowment disclosure
Endowment size and annual history
| Fiscal period end | Endowment net assets, USD | Basis |
|---|---|---|
| 2020-12-31 | $36,305,469 | Schedule D Part V, line 1g |
| 2021-12-31 | $37,431,076 | Schedule D Part V, line 1g |
| 2022-12-31 | $34,400,814 | Schedule D Part V, line 1g |
| 2023-12-31 | $39,103,301 | Schedule D Part V, line 1g |
| 2024-12-31 | $47,147,375 | Schedule D Part V, line 1g |
The selected series moved from $39,103,301 at December 31, 2023 to $47,147,375 at December 31, 2024. That is a rise of $8,044,074, or 20.57% 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 $36,305,469 on December 31, 2020 and ends at $47,147,375 on December 31, 2024. Across those observations, the closing fund balance increased by $10,841,906. The smallest reported amount is $34,400,814 at December 31, 2022; the largest is $47,147,375 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 $5,471,035 against an opening endowment of $39,103,301. That contribution equals 13.99% of the opening balance, a simple scale comparison between two lines of the same schedule. The explicitly reported endowment expenditure amounts sum to $1,008,655, 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 $39,103,301 in endowment. It records $5,471,035 in contributions. The investment earnings, gains and losses line is $3,581,694. 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 $1,008,655 for other expenditures for facilities and programs. 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 reconcile exactly to the closing balance. A zero residual confirms this accounting roll-forward; it does not validate an investment return calculation. Reconciliation inputs
Portfolio disclosure and investment oversight
Schedule D classifies the closing endowment as term endowment 100%. 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 $1,813,704,654 in total assets, $1,442,236,973 in total revenue, $1,339,785,886 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
Schedule H reports $89,666,268 in net community-benefit expense for the same tax period. The associated gross community-benefit expense is $216,318,600. Net expense reflects direct offsetting revenue under the schedule's definitions. It is a hospital reporting measure and is not described here as an endowment distribution. Schedule H community-benefit 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
Valley Health System is number 120 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
| Reporting entity | Selected balance, USD | Fiscal end |
|---|---|---|
| Cottage Health Foundation | $46,592,230 | 2025-12-31 |
| Memorial Health System | $46,188,857 | 2025-09-30 |
| Sanford Health Foundation | $45,941,535 | 2024-12-31 |
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
Sources
Related profiles
- Cottage Health Foundation (USD 46.6 million)
- Memorial Health System (USD 46.2 million)
- Sanford Health Foundation (USD 45.9 million)
- Superior Health Foundation (USD 45.8 million)
- Calvary Hospital (USD 45.4 million)
- Connecticut Children's Medical Center (USD 45.1 million)
