Somerset Health Care Foundation Inc
TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF ROBERT WOOD JOHNSON UNIVERSITY HOSPITAL (SOMERSET CAMPUS); A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.4M
+30.5% YoY
Annual Giving
$1.3M
-78.5% YoY
Grant Count
5
+400.0% YoY
Avg Grant Size
$266K
-95.7% YoY
About Somerset Health Care Foundation Inc
Based on IRS filings
Somerset Health Care Foundation Inc is a nonprofit organization, based in OCEANPORT, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets. In 2024, it awarded 5 grants totaling $1.3M. Net investment income was $128K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,428,383 | $4,927,768 | $8,893,643 |
| Revenue | $4,103,018 | $4,213,212 | $2,959,315 |
| Expenses | $2,709,281 | $7,720,587 | $4,084,950 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $127,710 | $88,218 | $66,826 |
| 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 5 recipients in 2024
Grant Size Distribution
19 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 |
|---|---|---|---|
| KATHLEEN TOOMEY MD | TRUSTEE | 55 | — |
| DONNA CASTRONOVO | VP DEVELOPMENT | 55 | — |
| PAUL D HUBERT | CHAIR - TRUSTEE | 1 | — |
| JOSHUA KALAFER | VICE CHAIR - TRUSTEE | 1 | — |
| KIRAN KOTHARI | VICE CHAIR - TRUSTEE | 1 | — |
| JAMES M CHIMENTI MD | TRUSTEE | 1 | — |
| RESA DRASIN ESQ | TRUSTEE | 1 | — |
| HARESH KANE MD | TRUSTEE | 1 | — |
| RACHANA KILKARNI MD | TRUSTEE | 1 | — |
| ELLEN NARDONI | TRUSTEE | 1 | — |
| GARY SHANGOLD MD | TRUSTEE | 1 | — |
| ERIKA TOOMAN ESQ | TRUSTEE | 1 | — |
| ROGER S YANG MD | TRUSTEE | 1 | — |
| DARIA M PLACITELLA | TREASURER-TRUSTEE(TERMED 9/24) | 1 | — |
| GLENN MILLER | RWJBH CHIEF DEV. OFFICER | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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