Heart Institute of Southern New Jersey

MOORESTOWN, NJ EIN: 22-2574758

Heart Institute of Southern New Jersey is a private foundation, based in MOORESTOWN, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $10.4M in total assets. In 2025, it awarded 1 grants totaling $485K. Net investment income was $981K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$10.4M

+4.2% YoY

Annual Giving

$485K

+0.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$485K

+0.3% YoY

Under IRS private-foundation payout rules, Heart Institute of Southern New Jersey reported a distributable amount of $563K for 2025 — the minimum it must pay out in qualifying distributions.

About Heart Institute of Southern New Jersey

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $2.5M (98%)

New Jersey $58K (2%)

Tennessee $500 (0%)

States

New Jersey Pennsylvania Tennessee

Cities

CamdenCherry HillMemphisMoorestownPhiladelphia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$10,373,332	$9,959,860	$7,555,320
Revenue	$1,015,547	$2,948,410	$447,469
Expenses	$602,075	$543,870	$612,697
Qualifying Distributions	$485,127	$483,653	$543,090
Net Investment Income	$980,846	$2,916,761	$419,840
Distributable Amount	$563,280	$485,127	$483,653

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Trustees of the University of Pennsylvania ($485,127).

Recipient	Purpose	Amount
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PHILADELPHIA, PA	SUPPORT CARDIOLOGY RESEARCH, EDUCATION AND PATIENT CARE.	$485,127

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
HARVEY L WAXMAN MD	PRES/TREAS/BOARD MEMBER	1	—
WILLIAM J UNTEREKER MD	VICE PRES/BOARD MEMBER	—	—
MICHAEL SHEERIN	BOARD MEMBER	—	—
BRIAN DRACHMAN MD	BOARD MEMBER	—	—

Frequently Asked Questions

How large is Heart Institute of Southern New Jersey?

As of 2025, Heart Institute of Southern New Jersey holds $10.4M in total assets with $1.0M in annual revenue. It awarded 1 grants totaling $485K in 2025.

Where does Heart Institute of Southern New Jersey operate?

Heart Institute of Southern New Jersey has awarded grants in New Jersey, Pennsylvania, Tennessee.

What size grants does Heart Institute of Southern New Jersey award?

In 2025, Heart Institute of Southern New Jersey awarded 1 grants totaling $485K — an average of about $485K per grant, based on its IRS Form 990 filings.

How much is Heart Institute of Southern New Jersey required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Heart Institute of Southern New Jersey reported a distributable amount of $563K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Heart Institute of Southern New Jersey's EIN?

Heart Institute of Southern New Jersey's EIN (Employer Identification Number) is 22-2574758. IRS Form 990 filing data is available on this page for 2021–2025.