Realizing the healthcare crisis in our country, the Board of Washington Square Health Foundation, Inc. recognizes that no one foundation can meet all the challenges of the healthcare environment. However, the Foundation has developed a program of grant making which is designed to be both a catalyst and guide for other foundations and grant making organizations in meeting the various needs of the Chicagoland healthcare community.The Washington Square Health Foundation, Inc. grants funds in order to promote and maintain access to adequate healthcare for all people in the Chicagoland area regardless of race, sex, creed or financial need. The Foundation meets this goal through its grants for medical and nursing education, medical research and direct healthcare services.
As a guide to other foundations and other service providers and as a part of the Board’s stewardship of charitable funds, the Washington Square Health Foundation, Inc. has developed a grant evaluation system to ensure that the objectives of various projects are carried out in the manner prescribed by the approved grant.
The Foundation wishes to impress on the philanthropic community that the careful evaluation of the outcomes of grant projects is as important as the appropriate selection of grant recipients.
Storm clouds have developed and are spreading over the Health Care System in America. The glow that managed care once had in its infancy has been fading and we are now faced with a new more serious crisis in the evolution of health care in America.The scope of this crisis is really not properly comprehended by the responsible bodies that govern medical care planning, be they government, private or non-profit entities. Witness to this is the fact that all of us continue to fail in our attempts to solve this serious problem.
The variety of health plans and policies offered by the industry over the years has been confusing and frustrating, to say the least. Now we find Medicare, which was for years a rather straight forward program, adding to the confusion and frustration with a menu of options of its own.
In addition, we compound the problem with a host of advertising and dramatic episodes that startle the public and cast doubt in them about where to go for so-called “best medical care”. One would believe that the “powers that be” are convinced that all citizens- young and old- are efficient computer buffs and expert accountants in order to be able to cope with this mess.
There is an old saying that applies, ” Keep It Simple Stupid!”. The public wants understandable and compassionate programs just as much as they want good medical care!
These concerns, as well as the changing climate in governmental and private industry making funds available for medical education, research and services, have prompted Washington Square Health Foundation to re-examine its 10+ years of service to the community. In January 1999, we plan to review our mission statement, the scope and methodology of grant giving to better position the Foundation in servicing the health needs of this community.
We realize that foundations such as Washington Square Health Foundation will be relied upon more and more by the medical community to help with retooling our health industry. However, the fundamental truth is that an informed citizenry, as well as an informed government, will be needed before any successful conclusion of the crisis can be realized.
The health community has been most receptive to the Foundation’s work. We welcome and encourage all components of the health community to work closely with us for the betterment of the health needs of our communities and citizens.
|Year ended September 30, 1998
|Interest and dividends
|Net realized gain on investments
|Total operating activities revenue
|Management and general:
|Investment management and custodial
|Legal and accounting
|Board fees and expenses
|Total management and general
|Provision for federal excise taxes
|Total operating activities expenses
|Excess of operating activities revenue over expenses
|Nonoperating activities – net unrealized gain (loss) on investments
|Increase in net assets
|Unrestricted net assets, beginning of year
|Unrestricted net assets, end of year
|* Grants do not include Program Related Investments (PRI) of $43,367 distributed during fiscal year 1996-97. Grants and PRI’s distributed for fiscal year 1996-97 total $1,403,369.The official and complete audit as certified by KPMG Peat Marwick.
|Advocate Charitable Foundation
|Loyola University Medical Center Stritch School of Medicine
|AIDS Foundation of Chicago
|Lutheran Social Services of Illinois
|AIDS Pastoral Care Network
|Mount Sinai Hospital Medical Center
|American Society on Aging
|North Park Friendship Center
|Asthmatic Children’s Aid Sylvia Golden Memorial Chapter
|Northwestern Memorial Hospital’s Hospice Program
|Northwestern University Medical School
|Northwestern University Robert H. Lurie Cancer Center
|Center for Enriched Living
|Norwegian American Hospital
|Chicago Health Outreach, Inc.
|PCC Community Wellness Center
|Chinese American Service League
|Rape Victim Advocates
|Rehabilitation Institute of Chicago
|Council on Foundations
|Respite House, Inc.
|Donors Forum of Chicago
|Roseland Community Hospital
|Gilda’s Club Chicago
|Rush-Presbyterian-St. Luke’s Medical Center
|Grantmakers In Health
|Saint Xavier University-School of Nursing
|Greek American Nursing Home Committee
|Scholl College of Podiatric Medicine
|Hemophilia Foundation of Illinois
|Sinai Family Health Centers
|Holy Family Medical Center
|South Shore Hospital
|Hospice of Northeastern Illinois
|South Suburban Hospital
|Howard Brown Health Center
|St. John’s Hospital
|Illinois Masonic Medical Center
|The Children’s Memorial Medical Center
|Illinois Maternal & Child Healthcare Coalition
|The Children’s Place Association
|Lake County Council Against Sexual Assault (LACASA)
|Thorek Hospital and Medical Center
|Lawndale Christian Health Center
|Lawrence Hall Youth Services
|University of Chicago Medical Center
|Little City Foundation
|University of Illinois College of Medicine
|Louis A. Weiss Memorial Hospital
|University of Illinois School of Public Health
|Loyola University Medical Center