Montefiore Medical Center is a 501(c)(3) nonprofit health organization based in Bronx, New York. Established in 1884 as a hospital for patients with chronic illnesses, it has evolved into a full-service integrated healthcare delivery system. The organization operates hospital facilities and serves a large and complex urban population through clinical care, academic medicine, research, and community partnership programs.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0B
+8.5% YoY
Annual Giving
$1.1M
-99.0% YoY
Grant Count
14
-69.6% YoY
Avg Grant Size
$81K
-96.7% YoY
Mission & Focus Areas
Montefiore's mission is to heal, to teach, to discover and to advance the health of the communities it serves.
The organization's primary focus areas include:
- Patient Care: Full-service hospital operations with specializations in cancer treatment, transplantation, prenatal surgery, and cardiac care
- Academic Medicine: Distinguished academic medical center with renowned faculty
- Research: Innovative research center pioneering scientific breakthroughs and medical innovations
- Community Health: Comprehensive community partnership programs addressing health and social needs beyond traditional medical care
- Education: Teaching and training programs
The organization is classified under NTEE code E220 (Health - General and Rehabilitative) and operates as a community health system.
Grantmaking
Montefiore Medical Center engages in grantmaking activities with total giving of $1,220,649 according to its most recent IRS Form 990 filing. The organization's grant-making focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
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Geographic Focus
Where this funder awards grants
Montefiore Medical Center primarily serves the Bronx, New York. Its grantmaking activities focus on New York, Tennessee, and New Jersey.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $4.99 billion
- Total Revenue: $5.91 billion
- Total Expenses: $5.62 billion
- Total Liabilities: $5.05 billion
As of December 2023:
- Total Assets: $4.597 billion
- Total Revenue: $5.057 billion
- Total Expenses: $5.003 billion
- Number of Employees: 22,072
Ranking Context: Montefiore ranks among the top 1% of nonprofits nationally by assets (239th nationally) and revenue (74th nationally). Within New York State, it ranks 24th by assets and 11th by revenue. In Bronx County, it ranks 1st by assets among all nonprofits.
Federal Funding: The organization has received significant federal awards totaling approximately $4.9 billion from the Department of Health and Human Services (443 awards), along with funding from the Department of Agriculture ($1 million) and Department of Defense ($672,476).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,988,192,084 | $4,597,467,871 | $4,574,684,802 |
| Revenue | $5,908,041,192 | $5,057,497,655 | $4,590,891,278 |
| Expenses | $5,619,420,589 | $5,003,322,926 | $4,653,244,153 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $76,019,276 | $45,091,324 | $59,173,371 |
| 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
160 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Steven M. Safyer, M.D. serves as President and Chief Executive Officer.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CATHERINE KLEMA | VICE CHAIR | 0.8 | — |
| EMANUEL CHIRICO | TREASURER | 0.8 | — |
| JAMES M BUTLER | CHAIR | 1.5 | — |
| PHILIP O OZUAH MD PHD | PRESIDENT & CEO | 40.8 | — |
| ALAN N SUNA | TRUSTEE | 0.5 | — |
| ALISA R DOCTOROFF | TRUSTEE | 0.8 | — |
| ALLEN M SPIEGEL MD | TRUSTEE | 0.5 | — |
| BARRY S BLATTMAN | TRUSTEE | 0.8 | — |
| BRUCE DONIGER | TRUSTEE | 0.5 | — |
| DANIEL R TISHMAN | TRUSTEE | 0.5 | — |
| DAVID B KEIDAN | TRUSTEE | 0.5 | — |
| DOUGLAS F EISENBERG | TRUSTEE | 0.5 | — |
| EDWIN H STERN III | TRUSTEE | 0.5 | — |
| ELLEN BRESLOW NEWHOUSE | TRUSTEE | 0.5 | — |
| GAYLE F ROBINSON | TRUSTEE | 0.8 | — |
| HELEN A JOHNSON | TRUSTEE | 0.8 | — |
| JAY B ABRAMSON | TRUSTEE | 0.8 | — |
| JENNIE EMIL | TRUSTEE | 0.8 | — |
| JOEL BRAUN | TRUSTEE | 0.5 | — |
| JOHN HEFFER | TRUSTEE | 0.5 | — |
| JOHN P GUTFREUND | TRUSTEE | 0.5 | — |
| JON W ROTENSTREICH | TRUSTEE | 0.5 | — |
| JONATHAN A LIPTON | TRUSTEE | 0.5 | — |
| LEWIS HENKIND | TRUSTEE | 0.5 | — |
| MARGARET S NATHAN | TRUSTEE | 0.5 | — |
| MATTHEW H NORD | TRUSTEE | 0.5 | — |
| MELISSA CERIALE | TRUSTEE | 0.8 | — |
| NATHAN GANTCHER | TRUSTEE | 0.5 | — |
| PATRICIA BAUMAN | TRUSTEE (DECEASED 3/26/2024) | 0.5 | — |
| PATRICIA GREEN | TRUSTEE | 0.5 | — |
| RONALD L MOELIS | TRUSTEE | 0.8 | — |
| RUTH L GOTTESMAN EDD | TRUSTEE | 0.5 | — |
| STACEY R LANE | TRUSTEE | 0.5 | — |
| THOMAS L HARRISON | TRUSTEE | 0.5 | — |
| CHRISTOPHER PANCZNER | ASST SEC.-SVP & GEN COUNSEL | 35.7 | — |
| COLLEEN M BLYE | EXEC VP & CFO | 36.8 | — |
| SUSAN GREEN-LORENZEN RN | SYSTEM SENIOR VP-OPERATIONS | 44 | — |
| DANIEL GOLDSTEIN MD | VICE CHAIR-CARDIOTHORACIC SURG | 60 | $1,707,530 |
| EMAD ESKANDAR MD | CHAIR-NEUROLOGICAL SURGERY | 60 | $2,005,276 |
| JOSEPH DE ROSE MD | DIR MIN INVASIVE ROBOTIC SURG | 60 | $1,701,228 |
| NEIL COBELLI MD | CHAIR-DEPT. OF ORTHOPEDICS | 60 | $1,600,389 |
| ROBERT MICHLER MD | CHAIR-SURG/CARDIOTHORACIC SURG | 60 | $4,944,262 |
Recent News & Activity
Recent developments and announcements
Montefiore Medical Center has received multiple recent grants addressing critical health disparities and service gaps:
Montefiore AIDS Center Awarded $1 Million to Curb Disproportionate ImpactThe Montefiore AIDS Center was awarded $1 million to address the disproportionate impact of HIV on women of color in the Bronx
Montefiore AIDS Center Awarded $1 Million to Curb Disproportionate ImpactThe organization was designated as a Behavioral Center of Excellence and granted $7 million to address gaps in New York City mental and behavioral health care
Montefiore AIDS Center Awarded $1 Million to Curb Disproportionate ImpactCollaborative research initiatives with Albert Einstein College of Medicine have secured significant NIH funding for studies on opioid and tobacco addiction treatment integration, as well as heart failure research in Hispanic populations
Montefiore And Einstein Awarded $3.4 Million NIH Grant To Integrate OpioidSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Druckenmiller Foundation
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Assets
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$135.7M
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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