Healthcomp Foundation is a private foundation based in Cleveland, Ohio, established in 2016. The foundation operates as a 501(c)(3) organization and focuses its grantmaking activities primarily within the health sector.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.2M
-7.3% YoY
Annual Giving
$622K
+7.3% YoY
Grant Count
20
+5.3% YoY
Avg Grant Size
$31K
+1.9% YoY
Under IRS private-foundation payout rules, Healthcomp Foundation reported a distributable amount of $415K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation has not publicly provided a formal mission statement. However, based on its grantmaking patterns, the foundation prioritizes health-related initiatives, with particular emphasis on organizations advancing health equity and community health improvement. Grant recipients have included organizations focused on adoption services, employment services, and community solutions.
Grantmaking
The foundation operates on an invite-only basis and does not accept unsolicited applications. Grantees are preselected rather than selected through a competitive application process.
Grant Range
$25,000
Average Grant
$37,000–$42,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
Grantmaking is concentrated in Ohio, with particular activity in the Cleveland and Cuyahoga County areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (as of 2023):
- Total assets: $8,797,287
- Total revenues: $1,485,663
- Total expenses: $742,602
- Investment income and dividends: $190,977
- Net gain from sale of non-inventory assets: $1,294,686
Giving Rate: Approximately 6.6% of assets annually
Staffing: The foundation operates with 0 employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,158,825 | $8,797,287 | $8,422,502 |
| Revenue | $830,286 | $1,485,663 | $184,664 |
| Expenses | $789,117 | $742,602 | $715,991 |
| Qualifying Distributions | $731,467 | $692,775 | $638,800 |
| Net Investment Income | $787,556 | $1,445,336 | $141,044 |
| Distributable Amount | $415,101 | $403,338 | $436,048 |
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
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cuyahoga County Board of Health ($117,183), Cleveland Neighborhood Progress ($35,000), Equality Ohio Education Fund ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADOPTION NETWORK CLEVELAND CLEVELAND, OH | GENERAL | $30,000 |
| A PLACE FOR ME CLEVELAND, OH | GENERAL | $30,000 |
| CENTER FOR COMMUNITY SOLUTIONS CLEVELAND, OH | GENERAL | $25,000 |
| CLEVELAND NEIGHBORHOOD PROGRESS CLEVELAND, OH | GENERAL | $35,000 |
| COLLABORATION TO END HUMAN TRAFFICKING CLEVELAND, OH | GENERAL | $25,000 |
| CUYAHOGA COUNTY BOARD OF HEALTH CLEVELAND, OH | GENERAL | $117,183 |
| EQUALITY OHIO EDUCATION FUND COLUMBUS, OH | GENERAL | $35,000 |
| FAMILY PROMISE OF GREATER CLEVELAND CLEVELAND, OH | GENERAL | $25,000 |
| GREATER CLEVELAND CONGREGATIONS CLEVELAND, OH | GENERAL | $25,000 |
| IDEASTREAM CLEVELAND, OH | GENERAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIXON MORGAN | TREASURER | 1 | — |
| NAZLEEN BHARMAL | CHAIR | 1 | — |
| MAX RODAS | SECRETARY | 1 | — |
| BRIAN LANE | DIRECTOR | 1 | — |
| YVONKA HALL | DIRECTOR | 1 | — |
| KIMALON DIXON | DIRECTOR | 1 | — |
| GWENDOLYN GARTH | DIRECTOR | 1 | — |
| JOSEPH BLACK | DIRECTOR | 1 | — |
| LENA GRAFTON | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has announced grant cycles and awards supporting organizations advancing health equity and community health improvement. The foundation maintains an active grantmaking program with regular announcement of grant awards to selected organizations.
HealthComp Foundation Announces Grants to Organizations Advancing HealthSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Healthcomp Foundation fund?
The foundation has not publicly provided a formal mission statement. However, based on its grantmaking patterns, the foundation prioritizes health-related initiatives, with particular emphasis on organizations advancing health equity and community health improvement. Grant recipients have included organizations focused on adoption services, employment services, and community solutions.
How do I apply for a grant from Healthcomp Foundation?
**Grant Characteristics:** • Median grant size: $25,000 • Grant range: $10,000 to $210,000 • Average grant: $37,000–$42,000 • Annual giving: Approximately $580,000–$622,000 **Application Process:** The foundation operates on an invite-only basis and does not accept unsolicited applications. Grantees are preselected rather than selected through a competitive application process. **Recent Grant Recipients (2023):** • Adoption Network Cleveland: $30,000 • The Center for Community Solutions: $25,000
Where does Healthcomp Foundation make grants?
Grantmaking is concentrated in Ohio, with particular activity in the Cleveland and Cuyahoga County areas.
What size grants does Healthcomp Foundation award?
In 2024, Healthcomp Foundation awarded 20 grants totaling $622K — an average of about $31K per grant, based on its IRS Form 990 filings.
How much is Healthcomp Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Healthcomp Foundation reported a distributable amount of $415K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Healthcomp Foundation's EIN?
Healthcomp Foundation's EIN (Employer Identification Number) is 47-5518569. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Healthcomp Foundation's focus areas in our free grants database
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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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