Swedish Covenant Hospital Foundation
Swedish Covenant Hospital Foundation at a glance
- Total assets
- $70,095,524
- +9.5% vs 2023
- Revenue (2024)
- $9,548,110
- +164.1% vs 2023
- Net investment income (2024)
- $7,942,407
- +234.5% vs 2023
- Expenses (2024)
- $915,979
- +31.3% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Swedish Covenant Hospital Foundation funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 2 grants totaling $531K.
*2021: Covers 15 months (fiscal year-end changed).
Grants by year
Grant recipients and amounts by year
*2021: Covers 15 months (fiscal year-end changed).
| Recipient | Purpose | Amount |
|---|---|---|
| NorthShore University HealthSystem Evanston, IL | Genomics Program | $500,000 |
| Swedish Covenant Health Chicago, IL | General Support | $30,586 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $70,095,524 | $9,548,110 | $915,979 | — | — | $7,942,407 |
| 2023 | $64,032,859 | $3,615,541 | $697,823 | — | — | $2,374,708 |
| 2022 | $58,718,482 | $2,946,653 | $718,264 | — | — | $1,884,672 |
| 2021* | $67,800,582 | $7,348,306 | $1,513,552 | $530,586 | 2 | $5,546,654 |
| 2020 | $57,883,158 | $22,932,684 | $697,564 | — | — | $1,930,357 |
*2021: Covers 15 months (fiscal year-end changed).
About Swedish Covenant Hospital Foundation
Based on IRS filings
Swedish Covenant Hospital Foundation is a public charity focused on Health, based in Arlington Heights, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $70.1M in total assets. Net investment income was $7.9M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Swedish Covenant Hospital Foundation is led by Gerald P Gallagher, System President & CEO on every filing since 2023; none of the 18 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gerald P Gallagher
System President & CEO
On filings since 2023
1 hr/week
No compensation reported
Jennifer Tscherney
Secretary & Executive Director
Assistant Secretary & Treasurer → Assistant Secretary, Treasurer & Executive Director, 2023
Assistant Secretary, Treasurer & Executive Director → Secretary & Executive Director, 2024
On filings since 2020
40 hrs/week
No compensation reported
Jonathan Lind
President & Swedish Hospital
President of Sch → President & Swedish Hospital, 2024
On filings since 2023
1 hr/week
No compensation reported
Dennis G Hammer
Chairman
On filings since 2020
1 hr/week
No compensation reported
Bruce McNulty
Director
On filings since 2020
1 hr/week
No compensation reported
Charles Adair
Director
On filings since 2020
1 hr/week
No compensation reported
Denis Williams
Director
On filings since 2020
1 hr/week
No compensation reported
Gregory Brown
Director
On filings since 2020
1 hr/week
No compensation reported
Julianne Sawyier-Migley
Director
On filings since 2020
1 hr/week
No compensation reported
Laura Zung
Director
On filings since 2020
1 hr/week
No compensation reported
Lauren Rubinson-Morris
Director
On filings since 2020
1 hr/week
No compensation reported
Chuck Rosenberg
Director
On filings since 2021
1 hr/week
No compensation reported
Kurt D Anderson
Director
On filings since 2021
1 hr/week
No compensation reported
Suzanne McCormick
Director
On filings since 2023
1 hr/week
No compensation reported
Anthony Guaccio
Former Officer
President & CEO of Sch → President & CEO, 2023
President & CEO → Former Officer, 2024
On filings since 2020
No compensation reported
Lawrence P Anderson
Assistant Treasurer
On filings since 2020
1 hr/week
No compensation reported
Douglas D Welday
System Treasurer & CFO
Chief Financial Officer → Chief Financial Officer & Treasurer, 2023
Chief Financial Officer & Treasurer → System Treasurer & CFO, 2024
On filings since 2021
1 hr/week
No compensation reported
Shivani Bautista
Assistant Secretary
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (9)
- Former: Bruce Silver (2020–2023) — Director
- Former: Nicola Byrne (2020–2023) — Treasurer
- Former: Patricia King (2020–2023) — Secretary
- Former: James McCormick (2020–2022) — Director
- Former: Murray Ancell (2020–2022) — Executive Director
- Former: Julianne Sawyier-Migely (2021–2022) — Director
- Former: Christopher Olson (2020–2021) — Director
- Former: Thomas J Garvey (2020–2021) — Former Treasurer
- Former: Kenneth Norgan (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Swedish Covenant Hospital Foundation
How large is Swedish Covenant Hospital Foundation?
Swedish Covenant Hospital Foundation reported $70.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $9.5M.
What is Swedish Covenant Hospital Foundation?
Swedish Covenant Hospital Foundation is a public charity focused on Health, based in Arlington Heights, IL. It holds $70.1M in total assets as of 2024.
Where does Swedish Covenant Hospital Foundation operate?
Swedish Covenant Hospital Foundation has awarded grants in Illinois.
What is Swedish Covenant Hospital Foundation's EIN?
Swedish Covenant Hospital Foundation's EIN (Employer Identification Number) is 20-5055155. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Swedish Covenant Hospital Foundation funds
Health Open opportunities, soonest deadline first.
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Browse active grant opportunities in Swedish Covenant Hospital Foundation's focus areas in our free grants database
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Swedish Covenant Hospital Foundation down — hundreds of funders to go?