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
Under IRS private-foundation payout rules, Healthcare Initiatives Inc reported a distributable amount of $970K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Hope Academy Recovery High School ($50,000), Mlk Center ($50,000), Lifesmart Youth (social Health Association) ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A KID AGAIN INDIANAPOLIS, IN | MEDICAL EDUCATION AND ADVOCACY | $25,000 |
| AMERICAN ACADEMY OF DERMATOLOGY ROSEMONT, IL | CAMP DISCOVERY | $2,500 |
| BOYS AND GIRLS CLUB OF BOONE COUNTY ZIONSVILLE, IN | GENERAL SUPPORT | $2,500 |
| CHILDREN'S THERAPLAY FOUNDATION CARMEL, IN | GENERAL SUPPORT | $10,000 |
| COBURN PLACE INDIANAPOLIS, IN | GENERAL SUPPORT | $2,500 |
| DIABETES YOUTH FOUNDATION OF INDIANA NOBLESVILLE, IN | GENERAL SUPPORT | $5,000 |
| DOUBLE H RANCH LAKE LUZERNE, NY | GENERAL SUPPORT | $2,500 |
| DYSLEXIA INSTITUTE OF INDIANA INDIANAPOLIS, IN | MUTZ SCHOLARSHIP FUND | $2,500 |
| GLEANERS FOOD BANK OF INDIANA INC INDIANAPOLIS, IN | RESOURCE CENTER, IN PARTNERSHIP WITH GENESSARET | $25,000 |
| HOPE ACADEMY RECOVERY HIGH SCHOOL INDIANAPOLIS, IN | EDUCATIONAL PROFRESSIONALISM/MEDICAL SUPPORT | $50,000 |
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
Frequently Asked Questions
What does Healthcare Initiatives Inc fund?
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, commun…
How do I apply for a grant from Healthcare Initiatives Inc?
**Grant Activity:** • Made 50 grants in the most recent fiscal year (2024) • Total giving: $664,500 (2024) • Typical award range: $1,000–$66,900 **Recent Grantees:** • Indiana Blind Children's Foundation ($30,000 for Adaptive Kitchen program, 2024) • Brooke's Place (amount and details not specified in available data) • Village Of Merici (amount and details not specified in available data)
Where does Healthcare Initiatives Inc make grants?
The foundation primarily funds initiatives in Indiana, New York, and North Carolina.
What size grants does Healthcare Initiatives Inc award?
In 2024, Healthcare Initiatives Inc awarded 53 grants totaling $665K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Healthcare Initiatives Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Healthcare Initiatives Inc reported a distributable amount of $970K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Healthcare Initiatives Inc's EIN?
Healthcare Initiatives Inc's EIN (Employer Identification Number) is 35-1392974. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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