Foundation for University Hospital

NEWARK, NJ EIN: 47-1686351 Website

THE FOUNDATION FOR UNIVERSITY HOSPITAL WAS FORMED IN 2014 FOR THE EXCLUSIVE PURPOSE OF SUPPORTING THE OPERATIONS OF UNIVERSITY HOSPITAL AND THE HOSPITAL'S PUBLIC MISSION TO PROVIDE A COMPREHENSIVE HEALTHCARE PROGRAM AND HEALTHCARE SERVICES TO THE GREATER NEWARK COMMUNITY, INCLUDING OUTREACH AND MOBILE HEALTH SERVICES, IN ACCORDANCE WITH THE SPIRIT AND INTENT OF THE "AGREEMENTS REACHED BETWEEN COMMUNITY AND GOVERNMENT NEGOTIATORS REGARDING NEW JERSEY COLLEGE OF MEDICINE AND DENTISTRY AND RELATED MATTERS OF APRIL 30, 1968," AS WELL AS SERVICES IN COLLABORATION WITH THE NEWARK BASED SCHOOLS OF RUTGERS BIOMEDICAL AND HEALTH SCIENCES.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.6M

-10.4% YoY

Annual Giving

$3.4M

+152.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$3.4M

+152.7% YoY

About Foundation for University Hospital

Based on IRS filings

Foundation for University Hospital is a nonprofit organization focused on Health, based in NEWARK, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 1 grants totaling $3.4M. Net investment income was $263K.

Focus Areas

Health

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $8.6M (100%)

States

New Jersey

Cities

NEWARK

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,619,677	$4,040,088	$4,020,892
Revenue	$3,622,140	$2,571,233	$2,770,486
Expenses	$4,258,838	$2,925,157	$2,283,971
Qualifying Distributions	—	—	—
Net Investment Income	$262,840	$45,999	$50,056
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 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University Hospital ($3,440,560).

Recipient	Purpose	Amount
UNIVERSITY HOSPITAL NEWARK, NJ	SUPPORT FOR THE UNIVERSITY HOSPITAL PROGRAMS.	$3,440,560

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL A CURI	CHAIRMAN	2	—
CALVIN RANDOLPH LEDFORD	VICE CHAIRMAN (ELECTED CHAIRMAN)	2	—
BARBARA KAUFMAN	TRUSTEE	1	—
CECILIA I LASSITER	TRUSTEE	1	—
JENNIFER ERDELYI	TRUSTEE	1	—
JOSEPH L MUSCARELLE	TRUSTEE	1	—
MARJORIE PERRY	TRUSTEE	1	—
JESSICA BACKOFEN	EXECUTIVE DIRECTOR	40	$250,000

Subject Areas

Focus areas based on grantmaking activity

Health

Frequently Asked Questions

What is Foundation for University Hospital?

Foundation for University Hospital is a nonprofit organization focused on Health, based in NEWARK, NJ. It holds $3.6M in total assets as of 2024.

How large is Foundation for University Hospital?

As of 2024, Foundation for University Hospital holds $3.6M in total assets with $3.6M in annual revenue. It awarded 1 grants totaling $3.4M in 2024.

Where does Foundation for University Hospital operate?

Foundation for University Hospital has awarded grants in New Jersey.

What size grants does Foundation for University Hospital award?

In 2024, Foundation for University Hospital awarded 1 grants totaling $3.4M — an average of about $3.4M per grant, based on its IRS Form 990 filings.

What is Foundation for University Hospital's EIN?

Foundation for University Hospital's EIN (Employer Identification Number) is 47-1686351. IRS Form 990 filing data is available on this page for 2019–2024.