Vermilion Healthcare Foundation

DANVILLE, IL EIN: 37-1225688 Website

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

-5.3% YoY

Avg Grant Size

$30K

-14.4% YoY

Under IRS private-foundation payout rules, Vermilion Healthcare Foundation reported a distributable amount of $622K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Illinois $2.3M (100%)

States

Illinois

Cities

BismarckChampaignDanvilleGeorgetownHoopestonPeoriaPotomacRossville

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include Osf ($279,321), Osf Healthcare Foundation ($49,000), Vermilion Co Metro Exposition Auditorium (david S Palmer Arena) ($40,000).

Recipient	Purpose	Amount
DANVILLE FAMILY YMCA DANVILLE, IL	COPPER PIPING REPLACEMENT AND WELLNESS CENTER WATER DAMAGE REPAIRS	$35,789
THE DWELLING PLACE OF VERMILION COUNTY DANVILLE, IL	IMMANUEL'S PLACE II	$11,390
RED MASK PLAYERS DANVILLE, IL	THEATER FLOORING REPLACEMENT	$4,400
CORE RE-ENTRY INC DANVILLE, IL	PROGRAM COSTS	$16,000
FAIR HOPE CHILDREN'S MINISTRY DANVILLE, IL	OPERATING EXPENSES AND INVENTORY COSTS	$10,000
SCHLARMAN ACADEMY DANVILLE, IL	NORTH CAMPUS RESTROOM AND WATER FOUNTAIN UPGRADES	$30,000
VERMILION COUNTY MUSEUM SOCIETY DANVILLE, IL	FITHIAN HOME FURNACE PROJECT	$12,000
WORKSOURCE ENTERPRISES DANVILLE, IL	EXERCISE EQUIPMENT AND BATHROOM DOOR UPGRADES	$13,500
BALLOONS OVER VERMILION DANVILLE, IL	JUMP ROPES FOR BOV KIDS ZONE	$1,100
GATEWAY FAMILY SERVICES POTOMAC, IL	RENT FOR CLINIC EXPANSION	$9,000

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 First

Frequently Asked Questions

What does Vermilion Healthcare Foundation fund?

**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.

How do I apply for a grant from Vermilion Healthcare Foundation?

**Grant Distribution Model:** 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 Sizes:** • Typical awards range from $1,100 to $293,284 • Average grant amount: $42,000 • Median grant amount: $17,000 • Individual grants have ranged from $4,000 to …

Where does Vermilion Healthcare Foundation make grants?

Grantmaking is concentrated in Illinois, with primary focus on the Danville area and Vermilion County.

What size grants does Vermilion Healthcare Foundation award?

In 2024, Vermilion Healthcare Foundation awarded 18 grants totaling $546K — an average of about $30K per grant, based on its IRS Form 990 filings.

How much is Vermilion Healthcare Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Vermilion Healthcare Foundation reported a distributable amount of $622K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Vermilion Healthcare Foundation's EIN?

Vermilion Healthcare Foundation's EIN (Employer Identification Number) is 37-1225688. IRS Form 990 filing data is available on this page for 2021–2024.