Le Bonheur Childrens Hospital Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
IN PARTNERSHIP WITH DONORS AND VOLUNTEERS, LE BONHEUR CHILDREN'S HOSPITAL FOUNDATION PROMOTES PHILANTHROPIC INVESTMENT TO SUPPORT LE BONHEUR CHILDREN'S HOSPITAL'S MISSION OF PROVIDING HIGH QUALITYPATIENT CARE, RESEARCH AND ADVOCACY.
- Income
- $31.4 million
- Spending
- $12.4 million
- Spent on programs
- 83%
- Reserves
- 26.3 months of spending
- Largest source of income
- donations and private grants, 86%
- Employees
- 46
- Volunteers
- 225
- Highest pay
- $1.3 million, 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
Strong: 100 out of 100. Higher than 92% of charities in its peer group (health care, $10m to $100m).
Reserves
35 of 35Spendable reserves would cover 26.3 months of spending.
Debt
20 of 20It owes 9% of what it owns.
Living within its means
15 of 15Income exceeded spending by 60% of income.
Income trend
15 of 15Income rose 24% on the year before.
Spending floor
15 of 1583% of spending went to programs and raising each dollar of donations cost 3 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
Good: 80 out of 100. Higher than 14% of charities in its peer group (health care, $10m to $100m).
Independent board
5 of 254 of 10 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
5 of 5Sets its chief executive's pay through independent review and comparison.
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 (2)
- $10.3 million spent. THE LE BONHEUR CHILDREN'S HOSPITAL FOUNDATION IS COMMITTED TO IMPROVING THE HEALTH AND WELL-BEING OF CHILDREN IN OUR COMMUNITY BY RAISING FUNDS TO ASSIST LE BONHEUR CHILDREN'S HOSPITAL IN PREVENTING AND ELIMINATING PEDIATRIC ILLNESS AND INJURY. Methodist Le Bonheur Healthcare (MLH) has served the Memphis and Mid-South region for more than 100 years. MLH has received regional and national recognition for the care it provides. Le Bonheur Children's Hospital is the region's only comprehensive pediatric hospital. Important facts about Le Bonheur Children's Hospital: -Le Bonheur is one of six campuses of Methodist Le Bonheur Healthcare Memphis hospitals, a not-for-profit hospital corporation headquartered in Memphis, Tenn. -Le Bonheur is a regional pediatric academic medical center with 311 beds, 45 pediatric sub-specialties, 750 medical staff members and more than 3,400 employees. -Each year Le Bonheur treats more than 500,000 children with our inpatient, outpatient and community outreach services. Most patients come from our 6-state referral area and we typically serve children from all 50 states and many countries. -Le Bonheur serves as the educational training center for medical students, residents and fellows for the University of Tennessee Health Science Center. -The care Le Bonheur provides extends well into the region and beyond. Le Bonheur has sub-specialty outpatient clinics in Jackson, Tenn.; Jonesboro, Ark.; and Tupelo, Miss. -Le Bonheur is a magnet designated facility by the American Nurses Credentialing Center and designated as a Level 1 pediatric trauma center, the only such facility in the region, by the American College of Surgeons. -Named as one of the nation's "Best Children's Hospitals" by U.S. News & World Report for 15 consecutive years, Le Bonheur has a unique mission that goes beyond acute care for sick and injured children and includes pediatric research, clinical education, advocacy and preventive care. Together, we work to solve children's health issues and eliminate disparities in health care access. -Le Bonheur is home to the region's only level IV Neonatal Intensive Care Unit, the highest level of care, and treats children from across the Mid-South in the 74 bed unit. - Le Bonheur has a significant partnership with St. Jude Children's Research Hospital. Le Bonheur physicians across a wide range of specialties provide inpatient consultation at St. Jude to care for children undergoing cancer treatment. -Le Bonheur partners with the University of Memphis to extend our research and teaching capabilities as well as community programming. - Our physicians, nurses and other clinicians live in the communities that they serve and provide expert care inside the hospitals and preventative care services in their neighborhoods. Our organization is committed to improving the health and well-being of the communities we serve, providing uncompensated care, charitable contributions to other community organizations and community outreach. Le Bonheur Children's Hospital Foundation exists solely to support the important work and mission of Le Bonheur Children's Hospital. 1. The focus of our fundraising is the endowment for the future of Le Bonheur. We are currently in a campaign to raise $100 million for the hospital's endowment to ensure Le Bonheur is always there for future generations of children. The endowment campaign has five major focus areas: Care for All Children, Neuroscience, Research, Cardiology and Education. Having reached more than $70 million in the endowment, we have begun to use the interest to support various clinical needs. In 2024, we continued our competitive small grants program to fund projects that will improve and promote quality and safety for our patients and associates. In all, 10 Projects were funded to be executed in 2025. In addition, the endowment has been instrumental in funding capital and program needs to improve care and better serve our patients. 2. Pediatric research is critical in support of our core goals of contributing to the prevention, treatment and elimination of children's disease. Founded in 1995, the Children's Foundation Research Institute (CFRI) is a unique collaboration between the Children's Foundation of Memphis, the University of Tennessee Health Science Center (UTHSC), and Le Bonheur Children's Hospital. The central mission of the CFRI is to facilitate innovative research that improves the lives and health of children. The CFRI provides comprehensive basic and clinical research infrastructure support, laboratory space, safety assistance, grant submission, budgeting services, scientific editing and writing, and statistical assistance. This centralized and coordinated support accelerates discovery and innovation and forges collaboration among our physicians and scientists, allowing them to concentrate on what they do best - developing innovative research aimed at improving the health of children. 3. Le Bonheur Foundation also works with a committee of FedEx employees and others to raise funds to support FedExFamilyHouse, which houses out-of-town families whose children are being treated at Le Bonheur. Many families have an extended stay and the house serves as a comfortable respite at a most stressful time for families living 50 miles or more from our campus. Each year, the Le Bonheur Foundation and the committee raise an average of $2 million to operate FedExFamilyHouse. In 2024, FedExFamilyHouse served 29,416 people. 4. In addition to nationally renowned clinical expertise, Le Bonheur believes we have a responsibility to partner with our community to promote and protect children's health and well-being. Le Bonheur Children's Hospital is committed to providing evidence-based services for children and families and to working with community partners to improve health and best practices. More than 250 staff members work with children in their environments including schools, community centers, clinics, childcare facilities and homes
- LCHF IS A SUBSCRIBING MEMBER OF CHILDREN'S MIRACLE NETWORK HOSPITALS. LOCAL FUNDS RAISED THROUGH SPONSORS OF THIS ORGANIZATION SUPPORT SOME OF THE HOSPITAL'S GREATEST NEEDS. THE EXPOSURE RECEIVED THROUGH PARTNERSHIPS WITH MORE THAN 400 RETAIL CMN REGIONAL LOCATIONS ALLOWS LE BONHEUR TO HAVE A GREATER PRESENCE THROUGHOUT THE REGION. THIS PRESENCE GIVES OPPORTUNITY FOR GREATER EXPOSURE OF PROGRAMS AVAILABLE AT LE BONHEUR.
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 February 2003.
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.