Heart Institute of Southern New Jersey
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 grant totaling $485K. Net investment income was $981K.
Heart Institute of Southern New Jersey at a glance
In short: Heart Institute of Southern New Jersey gave $485K across 1 grant in 2025 (avg $485K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $485,127
- +0.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $485,127
- +0.3% vs 2024
- Median grant
- $485,127
- Total assets
- $10,373,332
- +4.2% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Heart Institute of Southern New Jersey funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Trustees of the University of Pennsylvania ($485K).
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 7 grants of 12 (58%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Heart Institute of Southern New Jersey gives
- Giving held roughly steady from 2022 to 2025 (−9%). Method
- In 2025 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $480K (2021) to $543K (2023). In 2025 it made 1 grant totaling $485K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Trustees of the University of Pennsylvania Philadelphia, PA | Support Cardiology Research, Education and Patient Care. | $485,127 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $10,373,332 | $1,015,547 | $602,075 | $485,127 | 1 | $485,127 | $980,846 | $563,280 |
| 2024 | $9,959,860 | $2,948,410 | $543,870 | $483,653 | 1 | $483,653 | $2,916,761 | $485,127 |
| 2023 | $7,555,320 | $447,469 | $612,697 | $543,090 | 3 | $543,090 | $419,840 | $483,653 |
| 2022 | $7,720,548 | $711,924 | $550,596 | $531,000 | 4 | $531,000 | $711,864 | $543,492 |
| 2021 | $7,559,220 | $219,472 | $503,135 | $479,500 | 3 | — | $219,472 | $531,446 |
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.
Leadership & Key People
Officers and directors from IRS filings
Heart Institute of Southern New Jersey is led by Harvey L. Waxman MD, President, Treasurer & Board Member on every filing since 2021; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Harvey L. Waxman MD
President, Treasurer & Board Member
On filings since 2021
1 hr/week
No compensation reported
Michael Sheerin
Board Member
On filings since 2021
No compensation reported
William J. Untereker MD
Vice President & Board Member
On filings since 2021
No compensation reported
Brian Drachman MD
Board Member
On filings since 2024
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Heart Institute of Southern New Jersey
How much does Heart Institute of Southern New Jersey give each year?
Heart Institute of Southern New Jersey gave $485K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $484K across 1 grant.
How large is Heart Institute of Southern New Jersey?
Heart Institute of Southern New Jersey reported $10.4M in total assets on its 2025 IRS Form 990-PF. It paid out $485K in qualifying distributions that year, against a required minimum of $563K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Heart Institute of Southern New Jersey operate?
Heart Institute of Southern New Jersey has awarded grants in New Jersey, Pennsylvania, Tennessee.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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