Healthnetwork Foundation FKA Health Net Foundation Inc
Healthnetwork Foundation is a public charity based in Pepper Pike, Ohio. Founded in 1991, it connects business leaders and their families with medical coordinators, doctors, and hospitals for help accessing medical care, and makes donations through hospital partners to support medical research and education.
Key facts about Healthnetwork Foundation FKA Health Net Foundation Inc
In short: Healthnetwork Foundation FKA Health Net Foundation Inc gave $7.2M across 25 grants in 2025 (avg $288K), top state Maryland. 24% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 04-3804600
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $7,190,085
- Grants made (2025)
- 25
- Average grant
- $287,603
- Median grant
- $35,000
- New grantees (estimate)
- 24% first-time grantees (6 of 25, 2025)
- Total assets
- $86,222,848
- Primary geography
- Maryland (19% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$86.2M
+18.1% YoY
Annual Giving
$7.2M
+151.5% YoY
Grant Count
25
+19.0% YoY
Avg Grant Size
$288K
+111.3% YoY
Is Healthnetwork Foundation FKA Health Net Foundation Inc open to new grantees?
24%
first-time grantees, 2025
In 2025, 6 of 25 grantees (24%) were first-time recipients. First grants averaged $34K; repeat grants $368K. How we count
Medians: $23K first-time, $40K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s stated mission is to connect members with leading healthcare providers to help them obtain appropriate medical care and to make donations through partner hospitals to support doctors’ education and research, improving medicine for all.
The foundation’s website describes services involving serious or complex medical issues, executive physicals, behavioral health, and addiction, among other needs. Its philanthropy includes donations for physician research or clinical activities through Service Excellence Awards, and donations to hospital departments through Exceptional Care Awards.
The 2025 grants include support for hospitals and other medical and research institutions. For example, UC Healthcare System describes its mission as transforming health and improving life through care, innovation, and learning. Yale New Haven Hospital says its mission is to provide patient care, teaching, research, and service to the communities it serves.
Grantmaking
In filing year 2025, Healthnetwork Foundation reported 25 grants totaling $7,190,085. Grant amounts ranged from $10,000 to $4,233,881, with a median of $35,000. The filing lists $4,233,881 in “various grants under 5000 per” for general support.
Other large reported grants included $1,360,000 to Johns Hopkins in Baltimore, $400,001 to University Hospitals in Cleveland, $361,203 to Cleveland Clinic in Cleveland, $120,000 to Cedars-Sinai Medical Center, and $100,000 each to Ocean Reef Medical Center Foundation and Yale University. These grants were listed for general support.
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Geographic Focus
Where this funder awards grants
The 2025 grants went to recipients in multiple states. The filing’s reported state shares include Maryland (19%), Ohio (11%), Florida (3%), and Connecticut (2%); it also lists a 59% share with no state identified. Named 2025 recipients include organizations in Ohio, Maryland, California, Florida, Connecticut, New York, and Pennsylvania.
Grant Distribution by State
Share of 2025 grant dollars across all 25 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $625K (2020) to $7.2M (2025). In 2025 it made 25 grants totaling $7.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Various Grants Under 5000 per ($4.2M). Together the top 10 received $6.8M.
Grant Size Distribution
101 grants across all recorded years
The most common grant size was under $50K: 72 grants of 101 (71%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various Grants Under 5000 per | General Support | $4,233,881 |
| John Hopkins Baltimore, MD | General Support | $1,360,000 |
| University Hospitals Cleveland, OH | General Support | $400,001 |
| Cleveland Clinic Cleveland, OH | General Support | $361,203 |
| Cedars Sinai Medical Center Los Angels, CA | General Support | $120,000 |
| Ocen Reef Medical Center Foundation Key Largo, FL | General Support | $100,000 |
| Yale University New Haven, CT | General Support | $100,000 |
| Baptist Health Foundation Coral Gables, FL | General Support | $60,000 |
| Hospitals for Special Surgery New York, NY | General Support | $45,000 |
| The Mount Sinai Health System New York, NY | General Support | $40,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $86,222,848 | $21,777,176 | $12,638,954 | $7,190,085 |
| 2024 | $72,982,191 | $16,720,900 | $7,835,351 | $2,858,500 |
| 2023 | $58,624,084 | $12,147,291 | $5,631,831 | $1,630,000 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $86,222,848 | $72,982,191 | $58,624,084 |
| Revenue | $21,777,176 | $16,720,900 | $12,147,291 |
| Expenses | $12,638,954 | $7,835,351 | $5,631,831 |
| Net Investment Income | $6,701,562 | $4,820,436 | $1,609,195 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 10, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 11, 2026)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Megan Frankel as president, Gary Boris as chief operator, David Oravec and Tamara Whitner as chief relations officers, and Tony Busa as treasurer. It also lists William Babcox, Dr. Bernardo Fernandez, William Glubiak, Josh Guttman, and Bill Krul as advisors.
The foundation’s website identifies Bill Rowley as chairman and founder. It also lists Megan Frankel as president and Gary Boris as chief operating officer.
Healthnetwork Foundation FKA Health Net Foundation Inc is led by Megan Frankel, President on every filing since 2020; 4 of 14 officers listed in 2025 are compensated.
Officers on the 2025 filing
Megan Frankel
President
On filings since 2020
40 hrs/week
$260K (2020) → $291K (2025)
William W. Rowley
Chairman
On filings since 2020
30 hrs/week
No compensation reported
Bernardo Fernandez
Advisor
On filings since 2020
1 hr/week
$6K (2020) → $0 (2025)
Gary Boris
Chief Operat
On filings since 2022
40 hrs/week
$17K (2022) → $248K (2025)
David Oravec
Chief Relat.
New on the 2025 filing
40 hrs/week
$105K (2025)
Tamara Whitner
Chief Relat.
New on the 2025 filing
40 hrs/week
$102K (2025)
Bill Krul
Advisor
On filings since 2020
1 hr/week
No compensation reported
Brock Steere
Advisor
On filings since 2020
1 hr/week
No compensation reported
F. William Steere
Advisor
On filings since 2020
1 hr/week
No compensation reported
Josh Guttman
Advisor
On filings since 2020
1 hr/week
No compensation reported
Patricia McCollum
Advisor
On filings since 2020
1 hr/week
No compensation reported
Tony Busa
Treasurer
On filings since 2020
1 hr/week
No compensation reported
William Babcox
Advisor
On filings since 2020
1 hr/week
No compensation reported
William Glubiak
Advisor
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (4)
- Former: Dwight Corning (2020–2024) — Advisor
- Former: Kim Kotora (2020–2024) — Vice President
- Former: Melissa Owen (2024) — Director
- Former: Lisa Herchek (2020–2022) — Chief Operat
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $291K, to Megan Frankel (President). 4 officers or directors reported compensation on that filing.
Contact
Mailing address: 3550 Lander Road Suite 225, Pepper Pike, OH 44124
Phone: (440) 264-1922
Website: https://healthnetworkfoundation.org
Frequently asked questions about Healthnetwork Foundation FKA Health Net Foundation Inc
How much does Healthnetwork Foundation FKA Health Net Foundation Inc give each year?
Healthnetwork Foundation FKA Health Net Foundation Inc gave $7.2M across 25 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.9M across 21 grants.
What is Healthnetwork Foundation FKA Health Net Foundation Inc's typical grant size?
Healthnetwork Foundation FKA Health Net Foundation Inc's median grant in 2025 was $35,000, and its average grant was $287,603, across 25 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Healthnetwork Foundation FKA Health Net Foundation Inc that year got $34K on average.
Where does Healthnetwork Foundation FKA Health Net Foundation Inc give grants?
Healthnetwork Foundation FKA Health Net Foundation Inc's top state is Maryland, with 19% of the grant dollars itemized on its 2025 IRS Form 990. The next largest state was Ohio (11%). The most frequent recipient cities were New Haven, CT (3 grants), New York, NY (3 grants), Cleveland, OH (2 grants) and Miami, FL (2 grants).
Does Healthnetwork Foundation FKA Health Net Foundation Inc give general operating support?
Yes: 100% of Healthnetwork Foundation FKA Health Net Foundation Inc's 2025 grants with a stated purpose (25 of 25) were for general or operating support, per its 2025 IRS Form 990.
Who are Healthnetwork Foundation FKA Health Net Foundation Inc's largest grantees?
Healthnetwork Foundation FKA Health Net Foundation Inc's largest 2025 grantees include Various Grants Under 5000 per ($4,233,881), John Hopkins ($1,360,000) and University Hospitals ($400,001), according to its 2025 IRS Form 990. Together they received 83% of its itemized 2025 grant dollars.
How large is Healthnetwork Foundation FKA Health Net Foundation Inc?
Healthnetwork Foundation FKA Health Net Foundation Inc reported $86.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $21.8M.
What does Healthnetwork Foundation FKA Health Net Foundation Inc fund?
The foundation’s stated mission is to connect members with leading healthcare providers to help them obtain appropriate medical care and to make donations through partner hospitals to support doctors’ education and research, improving medicine for all. See mission & focus areas ↑
How do I apply for a grant from Healthnetwork Foundation FKA Health Net Foundation Inc?
Healthnetwork Foundation FKA Health Net Foundation Inc has no public application process in the sources Grantable reviewed. Check healthnetworkfoundation.org for current guidelines, or contact the foundation directly before submitting a request.
What is Healthnetwork Foundation FKA Health Net Foundation Inc's EIN?
Healthnetwork Foundation FKA Health Net Foundation Inc's EIN (Employer Identification Number) is 04-3804600. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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