Healthcare Initiatives Inc is a private foundation based in Indianapolis, Indiana, designated as a 501(c)(3) organization. The foundation has been tax-exempt since July 2004 and operates under the NTEE category of Health—General and Rehabilitative/Research Institutes and Public Policy Analysis. The organization is also known as Health Care Excel Incorporated (HCEI).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$19.9M
+1.1% YoY
Annual Giving
$665K
-3.7% YoY
Grant Count
53
-8.6% YoY
Avg Grant Size
$13K
+5.4% YoY
Mission & Focus Areas
The mission of Healthcare Initiatives Inc is to support the advancement of human health and well-being through grants to qualified charitable organizations.
The foundation's funding objectives include:
- Dissemination of information to promote healthy lifestyles
- Development or advancement of programs providing medical services
- Development or advancement of programs providing educational opportunities to improve human health
Primary funding focus areas include higher education grants, community health grants, and health and medical grants.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds initiatives in Indiana, New York, and North Carolina.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $19,909,118
- Total Revenue: $1,813,826
- Total Expenses: $1,127,526
- Total Liabilities: $35,900
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,909,118 | $19,692,502 | $18,567,909 |
| Revenue | $1,813,826 | $709,716 | $480,285 |
| Expenses | $1,127,526 | $1,209,069 | $1,079,651 |
| Qualifying Distributions | $957,882 | $988,056 | $916,223 |
| Net Investment Income | $1,644,172 | $488,703 | $316,857 |
| Distributable Amount | $970,082 | $942,786 | $963,306 |
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
249 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 |
|---|---|---|---|
| KENNETH L SONNER | VICE CHAIRMAN/TREASURER | 3 | $25,000 |
| TIMOTHY HARDEN | SECRETARY | 1 | $22,000 |
| EDWARD R SCHMIDT | CHAIRMAN | 3 | $28,000 |
| W JASON DEPPEN | DIRECTOR | 1 | — |
| PATRICIA ROE | DIRECTOR | 1 | $22,000 |
| HALEY GILROY | PRESIDENT/EXECUTIVE DIRECTOR | 30 | $117,500 |
| TIMOTHY ROBINSON | DIRECTOR | 1 | $22,000 |
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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