The Healthcare Initiative Foundation (HIF) is a private foundation established in 1973, originally as the Suburban Hospital Association (Maryland) Foundation. The organization is headquartered in Germantown, Maryland and operates as a 501(c)(3) nonprofit organization. HIF transitioned from a 509(a)(3) charitable support organization to a 501(c)(3) private foundation on July 1, 2012. The foundation operated anonymously until 2007, when it hired its first staff person to facilitate grantmaking and build a public presence.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$30.6M
+2.9% YoY
Annual Giving
$1.1M
-28.4% YoY
Grant Count
47
-45.3% YoY
Avg Grant Size
$23K
+31.0% YoY
Mission & Focus Areas
The Healthcare Initiative Foundation supports organizations that offer solutions to improve the quality and delivery of healthcare for residents of Montgomery County, Maryland. The foundation considers grants to 501(c)(3) health care nonprofits that are based in Montgomery County, Maryland, or to nonprofits that have county-based health programs or activities.
Within its geographic and focus area, HIF considers efforts to:
- Grow the health care workforce
- Build appropriate capacity in the health care network
- Expand the availability of comprehensive health care
- Improve the quality and delivery of health care
The foundation also supports innovative solutions in the delivery of health, wellness, and social services to address social determinants of health and improve life expectancy.
Grantmaking
The foundation made 47 grants in the most recent reporting period, with a maximum grant amount of $100,000.
Grant Range
s:** Typical awards range from $1,500 to $200,000, with a median grant amount of approximately $23,000.
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Geographic Focus
Where this funder awards grants
The Healthcare Initiative Foundation exclusively funds organizations and programs serving Montgomery County, Maryland. The foundation considers grants to nonprofits based in Montgomery County or those with county-based health programs or activities.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $30,554,997
- Total Revenue: $2,572,964
- Total Expenses: $1,709,963
- Total Liabilities: $214,000
- Total Giving: $1,079,615
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,554,997 | $29,697,212 | $30,270,632 |
| Revenue | $2,572,964 | $1,190,126 | $1,519,003 |
| Expenses | $1,709,963 | $1,819,200 | $2,749,756 |
| Qualifying Distributions | $1,780,697 | $2,166,853 | $1,981,859 |
| Net Investment Income | $2,495,619 | $1,128,451 | $1,465,529 |
| Distributable Amount | $1,718,229 | $1,651,216 | $1,921,154 |
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
237 grants across all recorded years
Open Grants
1 open opportunity from Healthcare Initiative Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Crystal Townsend — President and Chief Executive Officer
Board Members:
- Robert H. Myers Jr. — Chair
- George Dines — Treasurer
- Deborah Fisher — Secretary
- Mike Knapp — Trustee
- Marta Perez — Trustee
- Norah Coelho — Trustee
- Kerry Grace Morrissey — Trustee
Staff:
- Faye D. Greene — Executive Assistant
- Jessica Fuchs — Grants Manager
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CRYSTAL TOWNSEND | PRESIDENT AND CEO | 40 | $224,396 |
| ROBERT H MYERS JR | CHAIR | 1.44 | — |
| GEORGE DINES | TREASURER | 1.77 | — |
| DEBORAH FISHER | SECRETARY | 1.54 | — |
| MIKE KNAPP | TRUSTEE | 0.96 | — |
| MARTA PEREZ | TRUSTEE | 1.02 | — |
| NORAH COELHO | TRUSTEE | 1 | — |
| KERRY GRACE MORRISSEY | TRUSTEE | 1.21 | — |
Contact Information
Address: 12850 Middlebrook Road, Suite 400, Germantown, MD 20874-5281
Phone: 301-907-9144
Website: www.hifmc.org
Email: admin@hifmc.org
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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