Memorial Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Raising each dollar of donations cost 111 cents.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
MEMORIAL FOUNDATION,INC. IS COMMITTED TO BUILDING HEALTHY, VIBRANT COMMUNITIES IN PROTESTANT MEMORIAL MEDICAL CENTER, INC.'S, DBA MEMORIAL HOSPITAL, SERVICE AREA NOW AND FOR GENERATIONS TO COME.
- Income
- $15.1 million
- Spending
- $3.6 million
- Spent on programs
- 88%
- Reserves
- Over 10 years of spending
- Largest source of income
- investment income, 99%
- Employees
- 0
- Volunteers
- 32
- Highest pay
- $506,687, secretary
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100.
Reserves
35 of 35Spendable reserves would cover more than ten years of spending.
Debt
20 of 20It owes 5% of what it owns.
Living within its means
15 of 15Income exceeded spending by 76% of income.
Income trend
15 of 15Income rose 196% on the year before.
Spending floor
0 of 1588% of spending went to programs and raising each dollar of donations cost 111 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 95 out of 100.
Independent board
25 of 2512 of 14 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 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 (4)
- $2.3 million spent. CAPITAL: MEMORIAL FOUNDATION, INC. PROVIDED SUPPORT FOR CAPITAL IMPROVEMENTS AT MEMORIAL HOSPITALS IN BELLEVILLE AND SHILOH, IL. CAPITAL IMPROVEMENTS INCLUDED THE EXPANSION OF THE SHILOH, IL CAMPUS REHABILITATION CENTER, REPLACEMENTS TO CRASH CART DEFIBRILLATORS, ULTRASOUND UNITS IN THE BREAST HEALTH CENTER, PRONE BREAST BOARDS IN RADIOLOGY AND SIMULATION MANIKINS.
- $788,664 spent. COMMUNITY SERVICE/OUTREACH: MEMORIAL FOUNDATION, INC. PROVIDED SUPPORT FOR COMMUNITY OUTREACH PROGRAMS AT LOCAL SCHOOLS AND NON-PROFITS IN THE PMMCI COMMUNITIES. FUNDS WERE AWARDED TO A LOCAL SCHOOL DISTRICT TO SUPPORT A CONSTRUCTION PROJECT FOR A LEARNING CAF THAT WILL ENABLE ALL STUDENTS, REGARDLESS OF ABILITY, WITH LIFE SKILLS TO FIND EMPLOYMENT. THE LARGEST SCHOOL DISTRICT IN THE SERVICE AREA WAS AWARDED FUNDS TO PROVIDE LOW INCOME FAMILIES WITH FREE SCHOOL PHYSICALS AND VACCINATIONS. A YOUTH-FOCUSED NON-PROFIT WAS AWARDED FUNDING TO PROVIDE PHYSICAL AND MENTAL WELLNESS ACTIVITIES FOR STUDENTS, REGARDLESS OF ABILITY TO PAY. A NON-PROFIT SUPPORTING VICTIMS OF SEXUAL ASSAULT WAS AWARDED FUNDING TO ENSUE VICTIMS DO NOT EXPERIENCE DISRUPTED SERVICES IN THEIR PHYSICAL AND MENTAL WELLNESS PROGRAMS. MEMORIAL FOUNDATION, INC. ALSO SUPPORTED "ART ON THE SQUARE", THE LARGEST PUBLIC EVENT HELD IN ST. CLAIR COUNTY WHERE THE FOUNDATION PROMOTED DIABETES PREVENTION AND HEALTHY LIVING CHOICES BY HOSTING HOSPITAL DIABETES EDUCATORS.
- $26,692 spent. PATIENT SUPPORT: MEMORIAL FOUNDATION, INC. PROVIDED CAR SEATS AND SAFE SLEEP SWADDLES FOR FAMILIES IN THE FAMILY BIRTHING CENTER. PATIENT SUPPORT WAS ALSO PROVIDED FOR COMPRESSION GARMENTS FOR LYMPHEDEMA PATIENTS AND GLUCOSE MONITORS AND STRIPS FOR THE DIABETES EDUCATION PROGRAM.
- $25,184 spent. EXTERNAL COMMUNITY, GENERAL OPERATIONS: MEMORIAL FOUNDATION, INC. PROVIDED SUPPORT TO HOSPITAL EMPLOYEES WHO WERE IN NEED OF FINANCIAL ASSISTANCE AND ASSISTANCE FOR MENTAL AND PHYSICAL WELLNESS PROGRAM FOR EMPLOYEES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 October 13, 2026.
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 November 6, 2026.
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 October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 1987.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.