Foundation and Bayfront Health Announce New Grantmaking Partnership
Bayfront Health will match the Foundation’s grant funding this year
The Foundation for a Healthy St. Petersburg and Bayfront Health have joined forces to significantly increase the local grant funding pool this year. Bayfront Health announced today that it will issue a dollar-for-dollar match of the Foundation’s 2023 grantmaking funds.
That means that instead of the Foundation awarding a total of $1.45 million in 2023 as planned, the two entities will now jointly award a combined $2.9 million to local organizations. The funds will be split between the Foundation’s two 2023 strategic grantmaking priorities; $1.1 million will go towards Mental Health and Wellness for Black, Indigenous and People of Color (BIPOC) and $1.8 million will fund work in Economic Equity and Justice.
“We’re excited to partner with the Foundation to support the local St. Petersburg community in this way,” said Bayfront Health St. Petersburg President John Moore. “We always strive to be a resource our community can depend on. By matching the Foundation’s funds, we’re excited to support organizations whose work directly benefits our patients and neighbors in St. Petersburg and Pinellas County.”
The hospital and the Foundation will each provide three members to serve on a six-member advisory board to oversee the grantmaking strategy. Details of the awards process are currently being determined, as is the timing of the release of the grantmaking Request for Proposals.
“These matching funds from Bayfront Health confirm the importance of our commitment to achieving health equity through race equity as they will significantly increase the impact of our grantmaking this year,” said Foundation Board of Trustees Chair Dr. Donna J. Petersen. “We’re so excited to deepen our partnership in this way and look forward to continuing to build this relationship with Bayfront Health toward improving health and quality of life for everyone in St. Petersburg in the years ahead.”
“I commend the leadership of the Foundation and Bayfront Hospital for their intentional collaboration to significantly lift up our communities in need,” said St. Petersburg Mayor Kenneth T. Welch. “This extraordinary announcement to double the Foundation’s investment in St. Petersburg is a prime example of partnerships that contribute to and sustain a strong economy.”
About the Foundation for a Healthy St. Petersburg
The Foundation for a Healthy St. Petersburg is a private foundation formed in 2013 following the sale of the nonprofit Bayfront Health St. Petersburg. It is the steward of an endowment to support health equity in Pinellas County. The Foundation achieves health equity through racial equity by listening humbly, learning fearlessly, and leading courageously to impact systems change. In 2019, it opened the Center for Health Equity to invite people to learn, connect, and create together in order to advance racial equity and transform our communities. To learn more, visit https://healthystpete.foundation/
About Bayfront Health St. Petersburg
The 480-bed Bayfront Health St. Petersburg was founded in 1910. It was acquired October 1, 2020 by Orlando Health, a not-for-profit healthcare organization with $8.1 billion of assets under management. The hospital’s areas of clinical excellence include heart and vascular, surgical services, rehabilitation services, neurosciences, maternity care and – as home to the only state-accredited Level Two Adult Trauma Center in the St. Petersburg region – emergency services and trauma care.