LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC

What LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC does

Lakeland Regional Health Foundation is a 501(c)(3) nonprofit charitable foundation established in 1971 and headquartered at 1324 Lakeland Hills Blvd in Lakeland, Florida. The foundation exists solely to raise philanthropic funds for Lakeland Regional Health — specifically its Medical Center, Hollis Cancer Center, and supporting facilities — by channeling 100% of donations into capital projects, equipment acquisition, clinical programs, and community health initiatives. Its portfolio of funded assets includes the eight-story, 350,000-square-foot Carol Jenkins Barnett Pavilion for Women and Children (opened June 2018), the Hollis Cancer Center (with linear-accelerator and expansion support), and the Bannasch Institute for Advanced Rehabilitation Medicine.

The foundation operates with a small staff of approximately 25 employees and a volunteer board, generating no commercial revenue; its inflows are exclusively tax-deductible charitable contributions. It runs a diversified set of giving vehicles — annual giving, major and transformational gifts ($10,000+), planned/legacy giving, creative giving via appreciated securities, tribute and memorial gifts, event sponsorships, employer matching gifts, and the Women in Philanthropy auxiliary circle ($100–$1,000+ tiers). Donor recognition is tiered through the Sentry Club ($100–$999), the 1914 Society ($1,000+ annually), and the Morrell Society ($10,000+ annually or cumulatively). Go-to-market relies on a WordPress-based website (foundation.mylrh.org), email and direct-mail outreach, phone-based giving, in-person major-gift cultivation, and a calendar of recurring community events including the Promise Run 5K/10K and the Women in Philanthropy Annual Luncheon.

Operationally, the foundation is tightly coupled to Lakeland Regional Health's capital agenda: LRH invested more than $61 million in facilities and equipment over the past two fiscal years, and the foundation's fundraising has supported transformational initiatives such as the Pavilion, the Hollis Cancer Center expansion, and a $750,000 ten-year Women in Philanthropy grant to the WIP Café and surgical suite. Leadership is shared with LRH — Danielle Drummond (MS, FACHE, Six Sigma Black Belt) serves as President/CEO of the health system and concurrently leads the foundation, while Timothy J. Boynton (MBA) serves as SVP and Chief Development Officer overseeing six-plus capital campaigns and donor strategy. The foundation has no proprietary technology platform, no disclosed AI/ML capabilities, and no products or services sold commercially; its competitive position rests on its 501(c)(3) status, 50+ year brand legacy, and its structural affiliation with a major regional health system.

Name

LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC

Legal name

Lakeland Regional Health Foundation

Website

https://foundation.mylrh.org

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

11–50 employees

Short description

Lakeland Regional Health Foundation is a 501(c)(3) nonprofit fundraising foundation established in 1971 in Lakeland, Florida, that raises charitable donations exclusively to support Lakeland Regional Health's Medical Center, Hollis Cancer Center, and related facilities, equipment, and programs.

Ownership category

akta.pro rank

Product category

Hospital Foundation / Healthcare Philanthropy

NAICS

Grantmaking Foundations (813211), Grantmaking and Giving Services (81321)

SIC

Services-Social Services (8300)

akta.pro primary industry

Community Foundations (BPAGAKAB)

akta.pro secondary industry

Health & Medical Research Grantmaking Foundations (BPAGAKAL)

Keywords

• Healthcare philanthropy
• Medical fundraising
• Charitable giving programs
• Donor recognition societies
• Community health funding

Headquarters

HQ city

Lakeland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Philanthropic Donations: The foundation generates revenue through various donation vehicles including online giving, mail-in gifts, phone donations, major/transformational gifts ($10,000+), planned giving, annual giving, creative giving (appreciated securities), tribute/memorial giving, event sponsorships, and matching gifts from employers. As a 501(c)(3) nonprofit, all revenue is reinvested into Lakeland Regional Health facilities, equipment, and programs.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

A 501(c)(3) nonprofit foundation that raises and administers charitable contributions from individuals, corporations, and other foundations to fund capital facilities, medical equipment, and patient programs at Lakeland Regional Health. The foundation operates structured giving programs — including annual, major, planned, tribute, securities, sponsorship, matching gift, and women's giving society options — and directs 100% of contributions to designated hospital projects such as the Carol Jenkins Barnett Pavilion for Women and Children, the Hollis Cancer Center, and the Bannasch Institute for Advanced Rehabilitation Medicine.

Product overview

Lakeland Regional Health Foundation is a not-for-profit 501(c)(3) healthcare philanthropy organization established in 1971 to support Lakeland Regional Health. The foundation operates as a single unified fundraising entity rather than a technology product company, offering various giving programs including annual giving, major gifts, planned giving, and creative securities donations. Foundation-supported facilities include the Carol Jenkins Barnett Pavilion for Women and Children (350,000 sq ft, 8-story facility with Level III NICU), Hollis Cancer Center (providing cancer treatment and expansion projects), and the Bannasch Institute for Advanced Rehabilitation Medicine. The foundation also manages the Women in Philanthropy auxiliary group and organizes community events including the Promise Run 5K/10K.

Differentiator

Problem solved

Functional benefit

Brands

• Women in Philanthropy: An auxiliary group of extraordinary women who positively impact the health of women and children in the community through philanthropy and service. Founded in 2006, the group makes annual grants to help Lakeland Regional Health purchase new equipment and fund construction, renovation and community education.
• The Morrell Society
• The 1914 Society
• Sentry Club

Products and services

• Annual Giving Program Recurring, tax-deductible donation program that enables individual donors to make ongoing annual contributions supporting Lakeland Regional Health facilities, equipment, and patient care programs.
• Major and Transformational Giving High-impact philanthropic giving program for donations of $10,000 or more, supporting capital projects, facilities, and major initiatives at Lakeland Regional Health.
• Planned Giving (Legacy Giving) Legacy and estate-planned giving program that allows donors to arrange charitable contributions to the LRH Foundation through wills, trusts, or other planned gift instruments.
• Creative Giving (Securities) Charitable giving program that accepts gifts of appreciated securities, stocks, bonds, or other non-cash assets as tax-deductible contributions to the foundation.
• Tribute and Memorial Giving Charitable giving program that allows donors to make donations in honor or memory of a loved one, with the foundation acknowledging the tribute gift to designated recipients.
• Event Sponsorships Corporate sponsorship program for foundation fundraising events, allowing businesses to underwrite and gain visibility for community events supporting LRH.
• Employer Matching Gifts Program Program facilitating employer matching of employee charitable contributions to the foundation, allowing donors to double their giving through participating employers.
• Women in Philanthropy Women's giving society within the foundation, with tiered membership levels ($100, $500, $1,000) that pool contributions from women in the community to fund specific Lakeland Regional Health initiatives.

Quantifiable outcome

• Over $61 million invested in facilities and equipment over two fiscal years
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Nemours Children's Health SystemcoreStrategic or Co-development PartnerLakeland Regional Health has joined with the internationally recognized Nemours Children's Health System to provide expanded pediatric specialty care to children and adolescents in the community. The affiliation provides for recruitment of pediatric physicians and care team members for inpatient care at the Carol Jenkins Barnett Pavilion and outpatient specialty care in fields including pediatric surgery, neurology, pulmonology, cardiology, gastroenterology, endocrinology, ophthalmology, orthopedics, and urology.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Others

• Nemours Children's Health Foundation: National children's health foundation partnered with Lakeland Regional Health - related through the Nemours pediatric affiliation and a parallel fundraising model for children's hospital programs.

Direct peers

• Tampa General Hospital Foundation: Hospital-affiliated 501(c)(3) foundation supporting a major Florida regional health system, raising philanthropic funds for facilities, equipment, and programs - directly comparable mission and operating model to LRH Foundation.
• Orlando Health Foundation: Fundraising arm of a Florida-based multi-hospital system running capital campaigns, donor societies, and giving programs for women's/children's and cancer care - closely parallel to LRH Foundation's scope and structure.
• Moffitt Cancer Center Foundation: Specialty cancer-center philanthropy program running major-gift, planned-giving, and event fundraising - comparable to LRH Foundation's Hollis Cancer Center funding focus.
• GiveWell Community Foundation: Community foundation serving Polk County (including Lakeland) with donor-advised funds and competitive grant cycles - comparable community-based grantmaking model in the same service geography.
• Sarasota Memorial Healthcare Foundation: Community hospital foundation supporting Sarasota Memorial Health with capital campaigns, planned giving, and event-driven fundraising - similar scale, regional Florida footprint, and donor programs as LRH Foundation.

Broad incumbents

• AdventHealth Foundation: Foundation arm of a large multi-state health system with broader regional scope and more extensive capital campaigns - a larger-scale peer in the same hospital philanthropy category.
• BayCare Health System Foundation: Philanthropic arm of a large West Central Florida non-profit health system with capital campaigns and auxiliary programs across multiple hospitals - broader footprint but comparable operating model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lakeland-regional-medical-center-foundation-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC