Indiana University Health Inc is a 501(c)(3) nonprofit healthcare organization based in Indianapolis, Indiana. The organization operates as an academic health center comprising multiple hospital facilities including IU Health Methodist Hospital, IU Health University Hospital, and Riley Hospital for Children at IU Health, along with IU Health Saxony Hospital and IU Health Morgan. Beyond hospital operations, IU Health provides pharmacy, home care, outpatient, and emergency transport services throughout the central Indiana area. The organization has maintained tax-exempt status since July 1995.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.8B
+9.7% YoY
Annual Giving
$56.8M
+219.9% YoY
Grant Count
54
+31.7% YoY
Avg Grant Size
$1.1M
+142.9% YoY
Mission & Focus Areas
IU Health's mission is to lead the transformation of healthcare through quality, innovation, and education, with the goal of making Indiana one of the nation's healthiest states.
The organization operates in partnership with Indiana University School of Medicine, one of the nation's leading medical schools, to provide patients access to innovative treatments and therapies regardless of ability to pay.
Grantmaking
IU Health Foundation, formed in 2018 through the integration of individual foundations within IU Health, serves as the philanthropic arm of the organization. The Foundation leverages philanthropy to support IU Health's vision of improving health outcomes across Indiana.
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Geographic Focus
Where this funder awards grants
IU Health's service area and grantmaking focus is centered in central Indiana, with community health initiatives extending throughout the state.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Indiana University Health Inc (2024):
- Total Revenue: $6.08 billion
- Total Expenses: $5.35 billion
- Total Assets: $12.8 billion
- Total Liabilities: $5.2 billion
IU Health Foundation (2023-2024):
- Total Assets: $347-387 million
- Total Revenues: $45.78 million (2023)
- Total Expenses: $25.65 million (2023)
- Total Giving: $33.67 million (2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,792,763,812 | $11,659,974,071 | $9,941,042,603 |
| Revenue | $6,079,560,656 | $5,752,062,837 | $4,969,270,261 |
| Expenses | $5,349,167,108 | $4,970,388,034 | $4,664,586,372 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $341,192,239 | $290,300,471 | $35,234,986 |
| Distributable Amount | — | — | — |
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
202 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BISHOP JULIUS C TRIMBLE | Director/Vice-Chair (Part Year) | 6 | $18,750 |
| BISHOP TRACY S MALONE | Director/Vice-Chair (Part Year) | 6 | $8,750 |
| DENNIS M MURPHY | DIRECTOR/PRESIDENT & CEO | 60 | $4,720,244 |
| PAMELA WHITTEN | DIRECTOR/VICE-CHAIR | 6 | — |
| THOMAS V EASTERDAY | BOARD CHAIR/DIRECTOR | 6 | $50,000 |
| ALICIA D MONROE MD | DIRECTOR | 6 | $35,625 |
| JAMES A DAVLIN V | DIRECTOR | 6 | $37,500 |
| JAY L HESS MD | DIRECTOR | 6 | $46,500 |
| JEFFREY A HARRISON | DIRECTOR | 6 | $35,000 |
| JEFFREY N SIMMONS | DIRECTOR | 6 | — |
| KRISTIN MAYS-CORBITT | DIRECTOR | 6 | $28,125 |
| KYLE L GRAZIER | DIRECTOR | 6 | $43,750 |
| LARRY H STEVENS MD | DIRECTOR | 6 | $43,500 |
| MAUREEN BISOGNANO | DIRECTOR | 6 | $37,500 |
| QUINN BUCKNER | DIRECTOR | 6 | $35,000 |
| ROBERT A PALMER | DIRECTOR | 6 | $37,500 |
| ERIN R LEWIS | Secretary/EVP/CAO & Gen. Counsel | 54 | $1,465,223 |
| JENNIFER M ALVEY | TREASURER/SVP & CFO | 53 | $1,820,915 |
| DAVID A INGRAM MD | EVP & CME | 52 | — |
| GIL PERI | President (Riley) | 55 | $1,037,420 |
| JASON H GILBERT RN | EVP & CNE | 55 | $972,595 |
| RONALD L STIVER | SVP System Healthcare Operations | 53 | $1,526,456 |
| RYAN D NAGY MD | PRESIDENT (AAHC) | 54 | — |
| BRIAN T SHOCKNEY | SVP System Regional Operations | 5 | $1,330,269 |
| JEFFREY C BIRD MD | PRESIDENT (ECR) | — | $1,005,128 |
| JOSEPH MEYER | SVP System Operations | 55 | $1,411,253 |
| KENNETH D PUCKETT | SVP - Enterprise Growth and Activation | 20 | $1,000,489 |
| NICOLE PAULK | SVP Chief Strategy Officer | 55 | $1,029,348 |
| MICHELLE A JANNEY RN | FORMER KEY EMPLOYEE | 53 | $688,731 |
| PAUL M CALKINS MD | FORMER KEY EMPLOYEE | 25 | $355,971 |
Recent News & Activity
Recent developments and announcements
The IU Health Foundation has been actively distributing grants to support community health initiatives across Indiana. Recent grantmaking has included support for hospital programs, general organizational support for affiliated entities including Ball Memorial Hospital and IU Health Physicians, and community-focused health projects.
Community Impact Investment Fund | IU HealthThe Foundation's current campaign, "All the Difference: The Campaign for Indiana's Health," is driven by a vision of better health for all Hoosiers and focuses on elevating lives and livelihoods through philanthropic investment in healthcare innovation, community health initiatives, and clinical advancement.
Community Impact Investment Fund | IU HealthSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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