About Teva Cares Foundation
Teva Cares Foundation concentrates its philanthropy on providing prescription medicines free of charge to qualifying individuals through a Patient Assistance Program (PAP). Nearly all giving is delivered as large in‑kind inventory donations and direct provision of drugs to needy patients, rather than traditional grants to many nonprofit partners. The foundation’s work is highly programmatic and focused on immediate access to medications for individuals with financial need.
Focus Areas
Patient Assistance Program (PAP) — free prescription medicines for qualifying individualsIn‑kind pharmaceutical donations to cover drug costs for low‑income patientsAccess to medications for people with chronic conditions and unmet prescription needsAdministration and service delivery for patient enrollment and distribution of donated drugs
Who They Fund
low-income / needy individualsqualifying PAP applicantsuninsured or underinsured patientsindividuals requiring prescription medications
About Teva Cares Foundation
Teva Cares Foundation’s defining grantmaking is not a portfolio of nonprofit awards but the direct provision of prescription medicines through a Patient Assistance Program for qualifying individuals. The largest recent grant on file is a 2025 inventory donation of $171,467,418, reflecting how central drug distribution is to the foundation’s work. That same programmatic model appears across the record: Teva Cares Foundation repeatedly records donations of inventories and service costs tied to administering medication access for people who meet PAP requirements. The foundation’s recent grants also show a second, related pattern: support delivered to individuals rather than institutions, including a 2023 award of $27,709,744 to numerous individuals that meet PAP requirements for prescription drugs for needy individuals. In the public filing data, the grant language consistently centers on free medicines, qualifying patients, and administration of the program. This is a health-access funder built around direct medication delivery, not a conventional regranting foundation with a broad nonprofit portfolio.
What Teva Cares Foundation Funds
Teva Cares Foundation’s work is centered on prescription drug access for low-income and otherwise qualifying patients. One of the clearest examples is the 2023 grant of $27,709,744 to Numerous Individuals That Meet PAP Requirements for prescription drugs for needy individuals. The foundation also supports the program infrastructure needed to move medicines to patients. Its 2024 inventory donation of $18,336,003 was described as covering prescription drugs at no cost under a Patient Assistance Program, including service costs to administer the program. A related but separate line of work appears in healthcare education and access initiatives. The Community Routes: Access to Mental Health Care Program supports expanded mental and behavioral health services for uninsured patients, while the Teva HCP Grants and Teva Healthcare Professional Grants fund evidence-based education intended to improve clinician or patient behavior and health outcomes.
How Teva Cares Foundation Gives
The grant-size profile is highly concentrated at large amounts, with a p25 of $23,904,254, a median of $26,735,041, and a p75 of $27,927,007. The recent record also includes a very large outlier at $171,467,418. The pattern is repetitive rather than one-off: the same core activity appears in multiple years through inventory donations and PAP-related support. Teva Cares Foundation functions as a direct-service patient assistance organization, and it makes grants to individuals as well as program-administering entities. The active program list shows that some initiatives accept unsolicited requests, including the PAP and HCP grant programs, while others are invitation-based or managed through specific partners.
Financial Snapshot
Annual Giving
$171.5M
Total Assets
$116.3M
Total Revenue
$288.8M
Total Expenses
$175.8M
Typical Grant Size
Most grants fall between $23.9M and $27.9M, with a median of $26.7M.
25th Percentile
$23.9M
Median
$26.7M
75th Percentile
$27.9M
Geographic Reach
Local1 state funded
About 100% of grants go to recipients in NJ.
Funding intensity
LowHigh
Headquarters
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