About Hackensack Meridian Health Inc-Subordinates
Support Hackensack Meridian Health hospitals and transform health care by securing philanthropic gifts and planned gifts to sustain programs, facilities and patient care into the future.
Focus Areas
Health careHospital supportCancer careChildren's healthMedical education and innovation
Who They Fund
children / youthfamilies / caregivers
Funding Style
sponsorshipsubsidyresearch support
Topics
children's health
About Hackensack Meridian Health Inc-Subordinates
Hackensack Meridian Health Inc-Subordinates’ largest recent grant was a $385,781,094 subsidy to Hackensack Meridian Health Medical Group- Specialty Care PC in 2025, underscoring a grantmaking model built around sustaining its own health system operations. The foundation’s recent awards are dominated by subsidies to affiliated medical groups, with very large transfers also going to Hackensack Meridian Health Medical Group- Primary Care PC, Hackensack Meridian Health Medical Group- Complex Care PC, and Hmh Medical Group- Specialty Care Pc. That pattern fits its stated purpose of supporting Hackensack Meridian Health hospitals and transforming health care by securing philanthropic gifts and planned gifts to sustain programs, facilities, and patient care into the future. Alongside health-system support, the foundation also uses sponsorships for community institutions in New Jersey. Recent recipients include Count Basie Theatre Inc, New Jersey Symphony Orchestra, and Interfaith Neighbors Inc. These awards show a mix of internal health-care support and external civic sponsorships rather than a broad open grant portfolio. The recipient list is entirely U.S.-based, and most grants go to organizations in New Jersey.
What Hackensack Meridian Health Inc-Subordinates Funds
Health care and hospital support are the clearest themes in the recent record. The foundation gave $66,551,172 to Hmh Medical Group- Complex Care Pc in 2023 and $27,636,659 to Jfk Medical Associates PA in 2023, both as subsidies. It also backed Palisades Medical Associates LLC with $8,033,534 in 2023. Sponsorships extend into arts and community life. Count Basie Theatre Inc received $442,590 in 2023 and another $432,500 in 2025, while the New Jersey Symphony Orchestra received $150,000 in 2023 and $120,700 in 2025. Interfaith Neighbors Inc was awarded $110,000 in 2024. These grants suggest the foundation supports both health-system infrastructure and selected New Jersey institutions outside health care.
How Hackensack Meridian Health Inc-Subordinates Gives
Typical grants are relatively small compared with the system-level subsidies: p25 is $10,000, median is $12,000, and p75 is $30,500. The distribution is shaped by many modest awards plus a much smaller number of exceptionally large internal subsidies. The recent list shows repeated support to the same affiliated medical groups across multiple years, especially in 2023, 2024, and 2025. The foundation is an operating-style health-system funder rather than an independent discretionary grantmaker, and it also makes program-related investments. No application process is described in the provided data.
Financial Snapshot
Annual Giving
$468.9M
Total Assets
$7.6B
Total Revenue
$8.8B
Total Expenses
$8.3B
Typical Grant Size
Most grants fall between $10K and $31K, with a median of $12K.
25th Percentile
$10K
Median
$12K
75th Percentile
$31K
Geographic Reach
Local9 states funded
Funding intensity
LowHigh
Headquarters
Leadership
Robert C Garrett
CEO/Trustee
Accepts unsolicited proposals
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