Skip to content

Washington · Nonprofit

SWEDISH MEDICAL CENTER FOUNDATION

SWEDISH MEDICAL CENTER FOUNDATION (Washington) receives grants from 125 organizations whose IRS filings report $24,492,392 to it, the largest being REID ROBERT AND JEAN FAMILY FDN ($4,776,250). 74 of them have funded it in more than one year.

Revenue FY2024
$77M
Funders on record
125
Grants received
$24M
Net assets
$198M
74/125 repeat funderspeak grant-dependency 15%
01What it does

What Swedish Medical Center Foundation does

Mission

The foundation is committed to supporting the efforts of swedish health services in advancing health care in the region and meeting the health care needs of the community.

As stated on its FY2024 Form 990.

Program

  1. Swedish cancer institute (sci) in 2023, philanthropic dollars helped support and significantly advance cancer research, education, patient assistance, and supportive care services. Major research priorities included breast cancer, thoracic, gynecologic, colorectal, hematology and lung cancers, as well as the translational research happening at the paul g. Allen research center at swedish cancer institute. Our research utilizes a wide array of approaches, including but not limited to advanced diagnostic tools such as gene expression assays, genomic tumor profiling, mri's, pet/ct scans, and lung cancer screening. At the paul g. Allen research center, the focus was on the next frontier in immunotherapies, genomics and gene expression, and early detection and prevention using multi-omic techniques. Supportive care services supported by philanthropy included art and music therapies, social work and counseling, patient assistance, and the theresa jane healthcare careers training program, which provide training and career opportunities for women facing homelessness.swedish neuroscience institute (sni): philanthropy provided a crucial role in advancing various programs and research…

    $17,479,677 spentof which $17,479,677 as grants
    100% of program spending

The program described on its FY2023 Form 990. Program spending in total: $17,479,677.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($15M) Expenses 100 ($12M) Net assets 100 ($96M)2018 Revenue 256 ($40M) Expenses 123 ($14M) Net assets 115 ($110M)2019 Revenue 172 ($27M) Expenses 154 ($18M) Net assets 136 ($130M)2020 Revenue 150 ($23M) Expenses 217 ($26M) Net assets 143 ($137M)2021 Revenue 234 ($36M) Expenses 240 ($28M) Net assets 156 ($149M)2022 Revenue 193 ($30M) Expenses 233 ($28M) Net assets 137 ($131M)2023 Revenue 237 ($37M) Expenses 217 ($26M) Net assets 149 ($143M)2024 Revenue 500 ($77M) Expenses 263 ($31M) Net assets 207 ($198M)
'17'18'19'20'21'22'23'24
Revenue (500)Expenses (263)Net assets (207)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $147M to $202M (+37%).

$99M
$114M
$134M
$138M
$150M
$135M
$147M
$202M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 4% · 2022 7% · 2023 5% · 2024 3%. Grants only. Government contracts and fees sit inside program revenue.

91% of SWEDISH MEDICAL CENTER FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (7% for the typical peer).

This organization
Typical peer · 4,745 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$3.6M
’17
$25M
’18
$8.3M
’19
−$2.5M
’20
$7.8M
’21
$2.2M
’22
$11M
’23
$46M
’24
1.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24
Listed3021182824222321
Joined·+0+8+10+4+4+4+6
No longer listed·91108638
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 35 funders to 43 funders, grant income rose $1.3M → $3.8M.

20 of 125 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 25% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $25M from 5 payers (the payer shares this organization's board, largest Swedish Health Services). These are real filings, and they are not money SWEDISH MEDICAL CENTER FOUNDATION raised.

From the IRS filings of SWEDISH MEDICAL CENTER FOUNDATION’s funders (the co-funder graph). Top 30 of 125 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SWEDISH MEDICAL CENTER FOUNDATION has a broad base — no single funder exceeds 20% of grant income, and it takes 5 funders to reach half.

the vertical line marks half of all grant income — 5 funders to its left

38% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SWEDISH MEDICAL CENTER FOUNDATION.

20%
largest funder
40%
top three
~12
effective funders

Largest funder’s share by year: 2017 36% · 2018 21% · 2019 36% · 2020 26% · 2021 20% · 2022 14% · 2023 20% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

39% of SWEDISH MEDICAL CENTER FOUNDATION's funders are still giving 3 years after their first grant; 59% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

66% of SWEDISH MEDICAL CENTER FOUNDATION's grant income comes from Washington funders.

WA
MN
IL
MI
NY
MA
OR
NJ
CT
CA
MO
VA
MD
DE
AZ
NC
HI
OK
LA
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Washington out of state home

Funder states come from each funder’s own filing. $6.1M arriving through sponsors registered in 13 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SWEDISH MEDICAL CENTER FOUNDATION runs a healthier operating margin than three-quarters of the 4,580 health nonprofits its size.

Operating margin60% · top quartile
Months of reserve1.7mo · above the median
Revenue growth (annualized)26% · top quartile

this organization peer median middle 50% of peers· 4,580 health nonprofits $10M–$100M, FY2024

Organizations like SWEDISH MEDICAL CENTER FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Washington

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

73% of spending goes to programs.

Program 73%Management 9%Fundraising 18%

Governance

15
board members
80%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

48%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

WA

Part of a family of 183 related entities

  • Collabria Care · exempt
  • Covenant Aco · exempt
  • Covenant Children's Physicians Group · exempt
  • Covenant Health Partners · exempt
  • Covenant Health System · exempt

Screen this organization

A dated, signed PDF of the compliance screen for SWEDISH MEDICAL CENTER FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SWEDISH MEDICAL CENTER FOUNDATION?
SWEDISH MEDICAL CENTER FOUNDATION (Washington) receives grants from 125 organizations whose IRS filings report $24,492,392 to it, the largest being REID ROBERT AND JEAN FAMILY FDN ($4,776,250). 74 of them have funded it in more than one year.
How many funders does SWEDISH MEDICAL CENTER FOUNDATION have?
IRS filings report 125 organizations giving $24,492,392 in grants to SWEDISH MEDICAL CENTER FOUNDATION, 74 of which have funded it in more than one year.
Who is the largest funder of SWEDISH MEDICAL CENTER FOUNDATION?
REID ROBERT AND JEAN FAMILY FDN is the largest funder on record, with $4,776,250 in grants. The full list of funders is on this page.
How can an organization like SWEDISH MEDICAL CENTER FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Washington. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 125 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing