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The Elisabeth Severance Prentiss Foundation

Profile

Last Updated: 2016-07-06

At A Glance

The Elisabeth Severance Prentiss Foundation

1900 E. 9th St., M.S.: B7-YB13-03-1

Cleveland, OH United States 44114-3404

URL: www.esprentissfoundation.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $88,378,288

Total giving: $4,400,616

EIN

346512433

BRIDGE Number

7374987813

Background

Trust established in 1944 in OH - Mrs. Prentiss was the widow of Francis Fleury Prentiss, a Cleveland industrialist who was also president and director of Saint Luke's Hospital. Mrs. Prentiss's first husband, Dudley Peter Allen, was a surgeon and professor of surgery at Western Reserve University. He died in 1915. The trust's funding instrument specified that most of the foundation's activities must be carried on in Ohio. In 1965, the Luther L. and Kate W. Miller Fund was added to the foundation. Other funds established by Mrs. Prentiss and currently held in trust by the National City Bank will be added to the foundation's assets when certain specified life interests have terminated

Purpose and Activities

Support primarily for the following five objectives: 1) to promote medical and surgical research and to assist in the acquisition, advancement and dissemination of knowledge of medicine and surgery, and of means to maintain health; 2) to promote public health; 3) to aid hospitals and health institutions in Cuyahoga County, OH, that are organized and operated exclusively for public charitable purposes by contributions for capital improvements or equipment, purchase of rare and expensive drugs, and expenses of operation or maintenance; 4) to improve methods of hospital management and administration; and 5) to aid in establishment and support of plans and programs designed to make hospital and medical care available to all, especially those of low-income.

Fields of Interest

Subjects
  • Diseases and conditions
  • Health
  • Health care clinics
  • Hospital care
  • Out-patient medical care
Population Groups
  • Economically disadvantaged people
  • Low-income and poor people
  • People with disabilities
  • People with psychosocial disabilities
Organizations
  • Associations

Financial Data

Year ended 2014-12-31

Assets: $88,378,288 (market value)

Expenditures: $4,647,437

Total giving: $4,400,616

Qualifying distributions: $4,442,060