AdventHealth Foundation Inc is a 501(c)(3) public foundation established in 1982 and tax-exempt since March 1983. Based in Altamonte Springs, Florida (with offices also listed in Orlando, Florida), the foundation is involved in philanthropic activities supporting affiliated tax-exempt hospital organizations within the AdventHealth system. The foundation was formerly known as Florida Hospital Foundation and SunSystem Development Corporation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$204.1M
+9.9% YoY
Annual Giving
$24.1M
+42.0% YoY
Grant Count
37
-7.5% YoY
Avg Grant Size
$652K
+53.5% YoY
Mission & Focus Areas
AdventHealth Foundation's mission is to extend the healing ministry of Christ to improve the quality of life for the community, including those who are poor and vulnerable. The foundation focuses on a holistic approach to healthcare that addresses the mind, body, and spirit, recognizing that spiritual and emotional well-being are vital to physical health.
The foundation supports programs and services that:
- Prevent disease and help people live longer, healthier lives
- Provide support and education programs to communities
- Develop clinical research trials for patients
- Build state-of-the-art patient-centric programs
- Support front-line caregivers with compassion and resources
Recent grantmaking has included a focus on mental and behavioral health challenges, with awards made to nonprofits addressing these issues.
Grantmaking
AdventHealth Foundation makes grants primarily to its affiliated hospital organizations and related charitable entities. In 2024, the foundation made grants totaling approximately $24.1 million across multiple grantees.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports healthcare organizations and programs within the AdventHealth system's service areas. Specific locations mentioned include:
Central Florida:
- AdventHealth Altamonte Springs
- AdventHealth Apopka
- AdventHealth Celebration
- AdventHealth East Orlando
- AdventHealth for Children
- AdventHealth for Women
- AdventHealth Kissimmee
- AdventHealth Orlando
- AdventHealth Winter Garden
- AdventHealth Winter Park
Other Locations:
- AdventHealth Hendersonville
- AdventHealth Palm Coast
- AdventHealth New Smyrna Beach
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $204,093,995
- Total Revenues: $47,384,162
- Total Expenses: $32,618,114
- Total Liabilities: $5,040,000
The foundation operates with zero employees, functioning as a grantmaking entity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $204,093,995 | $185,697,128 | $174,792,316 |
| Revenue | $47,384,162 | $28,647,584 | $30,168,335 |
| Expenses | $32,618,114 | $22,631,037 | $22,117,120 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $13,612,436 | $2,977,906 | $5,935,389 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
174 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Terry Shaw - AdventHealth President and CEO
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Addiscott Lynn | Director | 0.1 | — |
| Bergherm Bruce | Director (End 12/2024) | 0.1 | — |
| Brady Amanda | Director | 0.1 | — |
| Bromme Jeffrey | Director/Chairman (Beg 09/2024) | 0.1 | — |
| Collis David | Dir/Pres-AH Fdn Central FL (End 10/2024) | 50 | — |
| Dunkel Jason | Director (Beg 12/2024) | 0.1 | — |
| Goodman Todd | Director | 0.1 | — |
| Grodack Duncan | Director | 0.1 | — |
| Hayt Nancy | Director (End 12/2024) | 0.1 | — |
| Houmann Lars | Director | 0.1 | — |
| Huenergardt Samuel | Director | 0.1 | — |
| Johnson Joel | Director | 0.1 | — |
| Johnson Penny | Director | 0.1 | — |
| McCall Kristen | Director (Beg 4/2024) | 0.1 | — |
| Rathbun Paul | Director/Chairman (End 04/2024) | 0.1 | — |
| Reed MD Monica | Director (Beg 8/2024) | 0.1 | — |
| Edris-Smith Tricia | Director | 0.1 | — |
| Spenst Brett | Director (Beg 8/2024) | 0.1 | — |
| Thomas Debora | Director | 0.1 | — |
| Thompson Michael | Director (Beg 8/2024) | 0.1 | — |
| Shaw Terry | President/CEO | 0.1 | — |
Recent News & Activity
Recent developments and announcements
AdventHealth awarded nearly $1 million to four nonprofits addressing mental and behavioral health challenges
Philanthropy powers $400,000 investment in cardiac care at AdventHealth NewAdventHealth announced plans to award $2 million in mental health grants to eight nonprofits
Philanthropy powers $400,000 investment in cardiac care at AdventHealth NewPhilanthropy powered a $400,000 investment in cardiac care at AdventHealth New Smyrna Beach
Philanthropy powers $400,000 investment in cardiac care at AdventHealth NewAdventHealth awarded nearly $1 million to Central Florida nonprofits
AdventHealth awards nearly $1 million to 4 nonprofits addressing mental andSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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