Vermilion Healthcare Foundation
Vermilion Healthcare Foundation is a private, non-operating foundation based in Danville, Illinois. The foundation was organized in 1987 as part of an agreement for the purchase of Lakeview Medical Center by the Franciscan Sisters Health Care Corporation and received its IRS ruling in March 1989. The foundation enhances the Danville area's quality of life through prudent funding of grants with emphasis on health and education initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.0M
+15.2% YoY
Annual Giving
$546K
-18.9% YoY
Grant Count
18
-5.3% YoY
Avg Grant Size
$30K
-14.4% YoY
Mission & Focus Areas
Mission: To enhance the Danville area's quality of life through the prudent funding of grants with emphasis on health and education initiatives.
Primary funding areas include:
- Health initiatives
- Education
- Human services
- Children's programs
- Philanthropy and voluntarism
The foundation supports both capital projects and programs, with particular emphasis on start-up programs. Matching and challenge grants are also considered.
Grantmaking
One half of the spending amount is distributed to OSF Sacred Heart Medical Center, with the remaining half distributed through grants to not-for-profit corporations with activities in the Danville area recognized as tax exempt under Section 501(c)(3) and 170(c)(1) of the Internal Revenue Code.
Grant Range
s:**
Average Grant
amount: $42,000
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Geographic Focus
Where this funder awards grants
Grantmaking is concentrated in Illinois, with primary focus on the Danville area and Vermilion County.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $12,976,484
- Total revenue: $728,482
- Total expenses: $645,818
- Total liabilities: $4,650
- Total giving: $545,650
- Annual income: $4,000,000
Historical giving:
- 2021-2023: Foundation distributed between $574,000 and $956,000 annually
- Highest grantmaking activity in 2022 with $956,000 distributed across 20 grants
- Total grants made: 53 grants totaling $2.2 million (based on available records)
- 32 unique organizations have been supported
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,976,484 | $11,266,200 | $10,756,036 |
| Revenue | $728,482 | $1,045,468 | $792,717 |
| Expenses | $645,818 | $760,613 | $562,553 |
| Qualifying Distributions | $575,529 | $697,455 | $501,356 |
| Net Investment Income | $640,382 | $996,157 | $741,831 |
| Distributable Amount | $622,014 | $528,451 | $609,625 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
61 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer: Cynthia Peck
The foundation is governed by 20 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AMY HOOSE | DIRECTOR | 0.25 | — |
| CHUCK KASPER | DIRECTOR | 0.25 | — |
| CURTIS GIROUARD | VICE CHAIR | 0.25 | — |
| DAVID BATEMAN | SECRETARY/TREASURER | 0.25 | — |
| JACLYN VINSON | DIRECTOR | 0.25 | — |
| JAMES D ANDERSON | CHAIR | 0.25 | — |
| JAMES E CHRISTISON | DIRECTOR | 0.25 | — |
| JAMES MULVANEY | DIRECTOR | 0.25 | — |
| JANET PAYNE | DIRECTOR | 0.25 | — |
| JUDD C PECK | DIRECTOR | 0.25 | — |
| LESLEY SHORE | DIRECTOR | 0.25 | — |
| MARK A LINDVAHL | DIRECTOR | 0.25 | — |
| MARY BATEMAN | DIRECTOR | 0.25 | — |
| OJ HARRISON | DIRECTOR | 0.25 | — |
| JOHN T BARNHART | DIRECTOR | 0.25 | — |
| TODD DAVIS | DIRECTOR | 0.25 | — |
| ELIZABETH MELLEN-IRLE | DIRECTOR | 0.25 | — |
| SARAH WILSON | DIRECTOR | 0.25 | — |
Recent News & Activity
Recent developments and announcements
Danville High School earned a Vermilion Healthcare Foundation grant, demonstrating ongoing support for educational institutions in the area.
Horizon Health Offers Annual Healthcare Scholarships | Vermilion County FirstRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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