# Memorial Hospitals

Memorial Hospitals is a Foundation based in Belleville, United States.

## Overview

- **Organization type:** Foundation
- **Headquarters:** Belleville, United States
- **Region:** North America
- **Address:** Belleville, IL, United States
- **Founded:** 1985
- **Assets under management:** $128M (Altss estimate)
- **Website:** memhosp.org

## Regulatory record

- **Reports private funds:** No

## About

Memorial Foundation was created in 1985 as the fundraising and endowment-management arm for Protestant Memorial Medical Center, a Belleville, Illinois community hospital that later became part of the BJC HealthCare system. The foundation's sole beneficiary is the hospital and its affiliated programs, making it one of the narrower-mandate healthcare endowments in the Midwest — all assets are deployed either to current-use grants for medical equipment or to long-term reserve funds for employee hardship assistance. The foundation's investment strategy is constrained by both its modest size — approximately $128 million in total assets — and its single-institution mission. Grantmaking focuses on capital expenditures for the hospital's clinical departments, with past allocations funding surgical technology, imaging equipment, and facility upgrades. A secondary but unusual program provides direct financial relief to hospital employees facing personal emergencies, funded from a dedicated endowment sub-account. No venture investments, direct private-company positions, or geographically diversified holdings beyond standard institutional portfolio construction have been publicly reported. Governance sits with a volunteer board drawn primarily from Belleville and St. Clair County civic leadership, with day-to-day management handled by a small professional staff that coordinates both investment oversight and hospital grant administration. The foundation's structure reflects a classic community-hospital endowment model — no satellite offices, no adjacent investment vehicles, and no disclosed plans to diversify away from the Protestant Memorial Medical Center relationship that defines its charter. What distinguishes Memorial Foundation structurally from peer healthcare endowments is the employee-assistance program embedded within its core mission — a direct-cash-to-workers charitable function that sits alongside conventional capital grantmaking inside the same small foundation, making it a combined institutional-support and workforce-safety-net vehicle rather than a pure investment allocator.

## Questions

### Does Memorial Foundation fund anything beyond the hospital's own operations?

No. All grantmaking flows exclusively to Protestant Memorial Medical Center and its affiliated programs under BJC HealthCare. The foundation's charitable charter is single-beneficiary — it does not make grants to unrelated nonprofits, individuals, or external health initiatives.

### How does the employee hardship program work alongside the foundation's investment function?

A sub-account within the foundation's endowment is designated for emergency financial assistance to hospital employees experiencing personal crises. This program is funded from investment returns alongside the capital-equipment grant pool, making the foundation both a traditional hospital capex funder and a direct workforce-support vehicle.

### Is Memorial Foundation part of BJC HealthCare's consolidated investment office?

The foundation operates as a legally separate 501(c)(3) supporting organization to Protestant Memorial Medical Center, which is itself part of BJC. Whether the foundation's assets are managed through BJC's centralized treasury and investment function or independently is not publicly disclosed, though many BJC-affiliated foundations coordinate investment management at the system level.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/memorial-hospitals

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