Boston Medical Center Corporation is a private, not-for-profit academic medical center located in Boston, Massachusetts. As a 501(c)(3) organization, it operates as the largest safety net hospital in New England and serves as the primary teaching affiliate for Boston University School of Medicine. The organization is committed to providing accessible healthcare to all patients regardless of financial status or ability to pay.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8B
+7.6% YoY
Annual Giving
$16.8M
-21.9% YoY
Grant Count
91
-20.9% YoY
Avg Grant Size
$185K
-1.3% YoY
Mission & Focus Areas
Mission: Boston Medical Center's mission is to provide consistently excellent and accessible health services to all in need of care regardless of status and ability to pay.
The organization operates a 594-licensed bed urban academic medical center emphasizing community-based, accessible care. Nearly 75 percent of patients come from underserved populations, including low-income and elderly individuals who rely on government payers such as Medicaid, the Health Safety Net, and Medicare. Approximately 27 percent of patients do not speak English as a primary language.
Boston Medical Center provides a full spectrum of pediatric and adult care services ranging from primary and family medicine to advanced specialty care. The organization offers numerous outreach programs and services including health screenings, smoking cessation programs, preventive care, food pantry services, and interpreter services in over 250 languages available 24 hours a day.
Grantmaking
Boston Medical Center Corporation engages in grant-making activities with a focus on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, primarily in Massachusetts, New York, and California.
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Geographic Focus
Where this funder awards grants
Primary funding focus areas include Massachusetts, New York, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $2,632,199,167
- Total Revenue: $2,380,282,356
- Total Expenses: $2,418,812,155
- Total Liabilities: $1,380,000,000 (approximate)
Federal Awards: Boston Medical Center Corporation has received significant federal funding, including:
- $5.4 billion in awards from the Department of Health and Human Services (1,666 awards as of 2025)
- $7.2 million from the Department of Defense (7 awards)
- $3.9 million from the Department of Justice (4 awards)
- $2.8 million from the Department of Education (1 award)
- $1.8 million from the Corporation for National and Community Service (12 awards)
Total Giving: $17,866,158 (based on most recent IRS Form 990 filing)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,832,076,979 | $2,632,199,167 | $2,456,189,580 |
| Revenue | $2,600,525,380 | $2,380,282,356 | $2,141,060,598 |
| Expenses | $2,641,501,168 | $2,418,812,155 | $2,128,452,782 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $32,645,067 | $42,038,184 | $107,094,899 |
| 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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALASTAIR BELL MD | TRUSTEE /INTERIM PRESIDENT(THRU 5/31/24) | 50 | $1,769,199 |
| JENNIFER TSENG MD | TRUSTEE (THRU 1/1/24) | 1 | — |
| KAREN ANTMAN MD | TRUSTEE | 1 | — |
| ANITA BEKENSTEIN | TRUSTEE | 1 | — |
| REV WILLIE BODRICK II | TRUSTEE (AS OF 11/7/23) | 1 | — |
| MARY BOYD | TRUSTEE (AS OF 5/14/24) | 1 | — |
| RYAN CARROLL | TRUSTEE | 1 | — |
| NADINE CHAKAR | TRUSTEE | 1 | — |
| ENRIQUE COLBERT | TRUSTEE | 1 | — |
| SANDRA COTTERELL | TRUSTEE (THRU 8/21/24) | 1 | — |
| TODD COZZENS | TRUSTEE (AS OF 5/14/24) | 1 | — |
| PIERRE CREMIEUX | TRUSTEE | 1 | — |
| RANDI CUTLER | TRUSTEE | 1 | — |
| MANISHI DESAI | TRUSTEE | 1 | — |
| PAUL EGERMAN | TRUSTEE | 1 | — |
| RUTH ELLEN FITCH | TRUSTEE (THRU 5/14/24) | 1 | — |
| MELANIE FOLEY | TRUSTEE (THRU 5/14/24) | 1 | — |
| JOHN T HAILER | TRUSTEE (THRU 5/14/24) | 1 | — |
| ANTHONY HOLLENBERG MD | TRUSTEE/PRESIDENT (AS OF 5/31/24) | 50 | — |
| KAREN KAMES | TRUSTEE | 1 | — |
| AZRA KANJI | TRUSTEE | 1 | — |
| FRED LOWERY | TRUSTEE | 1 | — |
| RICHARD MARKS | TRUSTEE | 1 | — |
| DEVIN MCCOURTY | TRUSTEE | 1 | — |
| MICHELLE NADOW | TRUSTEE | 1 | — |
| BISOLA OJIKUTU MD | TRUSTEE | 1 | — |
| MARTHA SAMUELSON | TRUSTEE/CHAIR | 1 | — |
| CYNTHIA SIERRA | TRUSTEE | 1 | — |
| PATRICK SMITH | TRUSTEE (AS OF 5/14/24) | 1 | — |
| TED TRUSCOTT | TRUSTEE (AS OF 11/7/23) | 1 | — |
| GREGORY WILMOT | TRUSTEE | 1 | — |
| ANDREW YOUNISS | TRUSTEE | 1 | — |
| TERRI NEWSOM | SVP/CFO/TREASURER (THRU 7/1/24) | 50 | $809,132 |
| DAVID BECK | SVP/CHIEF LEGAL COUNSEL/CLERK | 50 | $681,033 |
| JESSE SOUWEINE | TREASURER (07/01/24 - 11/12/24) | 50 | $184,790 |
| NANCY GADEN | SVP OF CLINICAL OPERATIONS/CNO | 50 | $788,987 |
| DAVID MCANENY | SVP/CHIEF MEDICAL OFFICER | 50 | $824,004 |
| LISA KELLY-CROSWELL | SVP/CHIEF HR OFFICER | 50 | $699,041 |
| RAVIN DAVIDOFF MD | SVP/EXECUTIVE MEDICAL DIRECTOR | 50 | $353,143 |
| JOE CAMILLUS | SVP AMBULATORY & PRF SVC | 50 | $760,503 |
| NICOLE FAUCHER | PRESIDENT, CLEARWAY HEALTH, LLC | — | $798,340 |
| ARTHUR HARVEY | VP/CIO | 50 | $645,941 |
| ROBERT BIGGIO | SVP/CHIEF SUSTAINABILITY/RE OFFICER | 50 | $604,968 |
| JODI LARSON | VP, CHIEF QUALITY OFFICER | 40 | $519,212 |
| KATHLEEN E WALSH | FORMER PRESIDENT | — | $583,594 |
Subject 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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