The Upstate Foundation
The Upstate Foundation was founded in 1976 as a 501(c)3 not-for-profit corporation. The corporation was formed to receive and administer gifts and bequests exclusively for charitable purposes with a focus on (1) the provision of patient health care, (2) the education of health care providers, (3) community health and well-being, and (4) scientific research. The distributions shall in particular be oriented toward the support of those activities conducted by Upstate Medical University.
The Foundation has 22 full-and part-time staff members who, with a 52-member board of directors, manage over 800 funds; conduct multi-year, million-dollar endowment campaigns; administer alumni associations for the colleges of Nursing and Health Professions; implement named giving and planned giving programs, and a new grateful patient and family program; run annual campaigns for Upstate University Hospital, Upstate Golisano Children’s Hospital and the Upstate Cancer Center; and sponsor several major fundraising events annually. In addition, the Foundation is home to the local chapter of the Children’s Miracle Network Hospitals.
Although we collaborate with the SUNY Research Foundation, we are a separate and distinct entity that is largely self supporting. Our managed assets total over $140 million, and in 2014, we raised over $6 million in contributions.
Upstate Foundation receives GuideStar’s top distinction
The Upstate Foundation has achieved Platinum distinction from GuideStar, the leading source of information on the programs, finances and impact of more than 1.8 million IRS-recognized nonprofit organizations.
Platinum is the highest level of recognition in GuideStar’s nonprofit profiles. Donors, funders, researchers, educators, professional service providers, governing agencies and the media, use the GuideStar site, seen by 7 million visitors annually.
According to GuideStar, the Platinum distinction encourages nonprofit organizations to share their progress and results in important new ways—moving way beyond simplistic financial ratios—to reflect the changes organizations are making in the world.
The Upstate Foundation had previously received GuideStar’s Bronze, Silver and Gold level distinctions, which offer increasingly detailed organizational information ranging from basic contact information to qualitative information. For the first time, GuideStar Platinum allows nonprofits to report their progress against their missions in quantitative terms. As an early adopter of Platinum recognition, the Upstate Foundation is demonstrating its commitment to measuring progress and results, and sharing that information with potential funders.
“Our donors expect us to use their contributed dollars wisely and appropriately to alleviate illness, search for knowledge and educate tomorrow’s health care practitioners,” said Eileen Pezzi, vice president for development at Upstate. “GuideStar Platinum is one more way for the Upstate Foundation to provide transparency so our donors can see the impact of their gifts.”