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Bridgeport Hospital Foundation Inc

EIN 22-2908698 · Bridgeport, CT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong90 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO SUPPORT BRIDGEPORT HOSPITAL BY, IN LARGE PART, FUNDRAISING, AND FURTHER, TO FUND AND PROMOTE ACTIVITIES OF THE YALE NEW HAVEN HEALTH SYSTEM, THE INTEGRATED HEALTH CARE DELIVERY SYSTEM OF WHICH IT IS A PART.

Income
$9.7 million
Spending
$5.6 million
Spent on programs
98%
Reserves
Over 10 years of spending
Largest source of income
investment income, 63%
Employees
0
Volunteers
8
Highest pay
$1.3 million, trustee

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 90 out of 100. Higher than 75% of charities in its peer group (health care, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 42% of income.

  • Income trend

    5 of 15

    Income fell 23% on the year before.

  • Spending floor

    15 of 15

    98% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 67% of charities in its peer group (health care, $1m to $10m).

  • Independent board

    25 of 25

    8 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $5.5 million spent. SCHEDULE OTHE BRIDGEPORT HOSPITAL FOUNDATION RECEIVED MORE THAN $6.3 MILLION IN PHILANTHROPIC GIFTS IN FY 2024. HIGHLIGHTS INCLUDED: THE NORMA PFRIEM BREAST CENTER'S "PINK PLEDGE" INITIATIVE CONTINUED TO RAISE FUNDS AND AWARENESS FOR BREAST CANCER IN BRIDGEPORT, STRATFORD, TRUMBULL, AND MILFORD. DONORS CONTRIBUTED MORE THAN $259,000 INCLUDING MANY LOCAL BUSINESSES THAT GAVE A PORTION OF THEIR MONTHLY SALES TO THIS GREAT CAUSE. THE KAULBACH MEMORIAL GOLF CLASSIC RETURNED IN SEPTEMBER TO CELEBRATE ITS 41ST ANNIVERSARY. MORE THAN 100 GOLFERS AND SPONSORS CONTRIBUTED MORE THAN $157,000 TO SUPPORT ONCOLOGY NURSE NAVIGATORS AND SOCIAL WORKERS, AS WELL AS AN ONCOLOGY CHAPLAINCY PROGRAM. BRIDGEPORT HOSPITAL'S MILFORD CAMPUS HOSTED A 5K WALK/RUN ON MOTHER'S DAY, ATTRACTING MORE THAN 500 PARTICIPANTS AND RAISING MORE THAN $31,000 TO SUPPORT THE CARE OF ORTHOPEDIC PATIENTS AT MILFORD CAMPUS.THE FOUNDATION EXCEEDED ITS PHASE 1 GOAL FOR "BRINGING TECHNOLOGY TO LIFE," A CAPITAL CAMPAIGN TO HELP BRING LIFESAVING EQUIPMENT AND IMPROVED CLINICAL OUTCOMES FOR STROKE AND CARDIAC PATIENTS. THE FOUNDATION IS SUPPORTING THE HOSPITAL'S $40 MILLION INVESTMENT WITH A $8 MILLION FUNDRAISING EFFORT. DONATIONS FOR PHASE 1 TOTALED MORE THAN $5 MILLION. THIS PHASE WAS HIGHLIGHTED BY A $2 MILLION GIFT FROM THE ELIZABETH M. PFRIEM FOUNDATION TO NAME THE NEW NEUROVASCULAR & INTERVENTIONAL RADIOLOGY CENTER AT BRIDGEPORT HOSPITAL.THE FOUNDATION HAS EARNED A PLATINUM SEAL OF TRANSPARENCY FROM CANDID (FORMERLY GUIDESTAR). CANDID GATHERS, ORGANIZES, AND DISTRIBUTES INFORMATION ABOUT MORE THAN 1.7 MILLION U.S. NONPROFITS. LAST YEAR, LESS THAN 1% OF THOSE ORGANIZATIONS ACHIEVED PLATINUM STATUS. THE FOUNDATION HAS ADVANCED BEYOND THE BRONZE, SILVER, AND GOLD AWARDS BY ADDING IN-DEPTH FINANCIAL INFORMATION AND QUANTITATIVE METRICS ABOUT OUR COMMUNITY HEALTH INITIATIVES, AS AN EXAMPLE OF HOW OUR DONORS ARE IMPACTING PATIENTS SERVED BY BRIDGEPORT HOSPITAL.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1988.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Bridgeport Hospital (Bridgeport, CT), EIN 06-0646554. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

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