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
Among its reported 2024 grants, the largest include Robert Wood Johnson University Hospital ($1,129,992), Community in Crisis Inc ($50,000), Cancer Support Community ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ROBERT WOOD JOHNSON UNIVERSITY HOSPITAL OCEANPORT, NJ | PROGRAM SUPPORT | $1,129,992 |
| COMMUNITY IN CRISIS INC BERNARDSVILLE, NJ | PROGRAM SUPPORT | $50,000 |
| CANCER SUPPORT COMMUNITY WASHINGTON, DC | PROGRAM SUPPORT | $50,000 |
| lifecamp morristown, NJ | PROGRAM SUPPORT | $50,000 |
| bonnie brae liberty corner, NJ | PROGRAM SUPPORT | $50,000 |
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 | — | — |
Frequently Asked Questions
How large is Somerset Health Care Foundation Inc?
As of 2024, Somerset Health Care Foundation Inc holds $6.4M in total assets with $4.1M in annual revenue. It awarded 5 grants totaling $1.3M in 2024.
Where does Somerset Health Care Foundation Inc operate?
Somerset Health Care Foundation Inc has awarded grants in District of Columbia, New Hampshire, New Jersey.
What size grants does Somerset Health Care Foundation Inc award?
In 2024, Somerset Health Care Foundation Inc awarded 5 grants totaling $1.3M — an average of about $266K per grant, based on its IRS Form 990 filings.
What is Somerset Health Care Foundation Inc's EIN?
Somerset Health Care Foundation Inc's EIN (Employer Identification Number) is 22-3294408. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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