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| Our Mission |
The Brandywine Health Foundation‘s mission is to
initiate and support programs to improve and sustain the health and well
being of our community. |
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| Fast Facts |
Formed in May 2001 as the only dedicated funder of health related
services and programs in central and western Chester County |
| FY10 grants and programs total: $900,000 |
| 2009 net assets: $23.2 million |
| Total grants since 2001 founding: over $8 million |
| Non-profit organizations receiving funding since 2001: over 50 |
| Associations |
 The
Brandywine Health Foundation is a proud member of Delaware Valley Grantmakers.
We follow DVG's Guiding Principles. Click
here to download a PDF. |
|
Message from the President and CEO
Summer 2009
Dear friends:
I write to reassure you that
the Brandywine Health Foundation’s
Board of Directors operates at the highest levels of governance
and financial oversight standards, believing that your donations
are the community’s assets.
- All 990 IRS tax filings and
independently conducted audits are available publicly on
the foundation’s website.
- An independent Audit Committee is chaired by foundation
board member County Commissioner and former County Comptroller
Carol Aichele, the other members of which do not serve on
the Board of Directors.
- A Finance Committee of community members with expertise
in a wide variety of business functions, reviews the financial
statements and meets quarterly with our investment advisory
firm, PFM Advisors.
- PFM Advisors advises on investment strategy while
the funds are held separately at Harleysville National Bank,
formerly Willow Financial Bank.
- We have not ever and do not now invest in hedge funds,
believing that the foundation’s assets are not sufficient
to take such risk or incur the fees involved.
- We comply with the Sarbanes-Oxley Act’s requirement
of non-profits that a Conflict of Interest statement be filed
annually for each board member, and that whistleblower language
is included in our Personnel Policies.
- The foundation has been a member of Delaware Valley
Grantmakers (DVG) for the past seven years, looking to this
trade association of public, private and corporate philanthropies
serving the greater Philadelphia area for guidance and education
about best practices in the foundation world. While our board
members have significant experience in a variety of business
areas, we recognize that philanthropy is its own unique business
and that ongoing education is essential if we are to ensure
that the Brandywine Health Foundation has the greatest impact
for our community.
We will continue to do everything in our
power to honor the trust you have placed in the Brandywine
Health Foundation, and thank you for your past support and
faith in our work. We remain committed to transparency, accountability,
and the highest levels of stewardship in managing the community’s
foundation assets.
With deep thanks for the crucial role you
play in improving our community’s health,
Frances M. Sheehan
President and CEO |
