Warren Alpert Foundation logo

Warren Alpert Foundation

PROVIDENCE, RI EIN: 05-0426623 Website

The Warren Alpert Foundation is a private foundation based in Providence, Rhode Island, established in 1986 by businessman and philanthropist Warren Alpert. The foundation operates as a 501(c)(3) organization dedicated to promoting medical science through research and education. It focuses exclusively on improving public health through grants and programmatic activities that advance medical treatments or cures through basic research, translational and outcomes research, and health education.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$397.3M

-2.3% YoY

Annual Giving

$24.3M

+4.9% YoY

Grant Count

99

+35.6% YoY

Avg Grant Size

$245K

-22.6% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation commits resources to medical science initiatives that offer promise of, or have achieved, significant medical breakthroughs in the prevention, treatment, or cure of human conditions and diseases. Primary funding areas include:

  • Education (particularly medical and scientific education)
  • Medical research and scientific advancement
  • Health-related initiatives

The foundation does not solicit funds and is funded solely by The Warren Alpert Estate.

Grantmaking

Applications are submitted through the foundation's online portal at warrenalpertfoundation.org/home/how-to-apply/. The Distinguished Scholars Award program has a November deadline with announcements in March.

Grant Range

$200,000–$9.7 million for institutional grants

Average Grant

varies by program

Review Cycle

with announcements in March.

How to Apply

**

Ready to take the next step with Warren Alpert Foundation?

Geographic Focus

Where this funder awards grants

The foundation supports initiatives across the United States, with primary focus on major urban centers including New York, Los Angeles, and Chicago. Funding reaches numerous sectors across over 25 states. International researchers are eligible for the Warren Alpert Prize.

Grant Distribution by State

27states
+19 more states

Cities

ActonAkronAlbanyAmherstAnn ArborAthertonAtlantaAuburndaleBainbridge IslandBaltimoreBaysideBethesdaBoca RatonBoca RetonBostonBranfordBristolBrooklineCambridgeCary

Financial History

Multi-year comparison from IRS filings

As of 2023:

  • Total assets: $406,646,323
  • Total annual giving: $22,893,636–$25,637,651
  • Total revenues: $17,099,482
  • Total expenses: $27,531,963
  • Investment income and dividends: $6,524,826
  • Net gain from sale of non-inventory assets: $11,071,109

Asset Growth: Assets increased 2.6% from the previous year.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$16M$32M$48M$64M20202021202220232024
Metric202420232022
Total Assets$397,286,038$406,646,323$418,983,149
Revenue$21,372,293$17,099,482$16,515,643
Expenses$27,736,923$27,531,963$26,771,938
Qualifying Distributions$26,623,856$25,637,651$25,349,026
Net Investment Income$12,179,313$16,876,507$8,035,309
Distributable Amount$26,778,799$26,338,712$26,200,061

Giving Over Time

Total grant dollars and number of grants per year

$0$6M$12M$19M$25M66 grants202066 grants202180 grants202273 grants202399 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

BROWN UNIVERSITY$6.4MINTERMOUNTAIN FOUNDATION$1.6MCHILDRENS HOSPITAL CORPO…$775KCCRI FOUNDATION$308KNATIONAL MULTIPLE SCLERO…$250KBAYLOR COLLEGE OF MEDICINE$200KBOARD OF REGENTS OF THE …$200KCROSSROADS RHODE ISLAND$200KBRENTJENS CONSULTING LLC$125KCARL H JUNE$125K

Grant Size Distribution

250 grants across all recorded years

153<$50K22$50–100K32$100–250K15$250–500K14$500K–1M9$1–5M5$5M+

Open Grants

3 open opportunities from Warren Alpert Foundation

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

  • August R. Schiesser – Executive Director, President, and Treasurer
  • David Hirsch – Chairman of the Board
  • Jeffrey A. Walker – Secretary/Audit Chair
  • Robert H. Brown Jr. – Director/Grant Committee Chair
  • Gregory W. Kaneb – Director/Compensation & Governance Chair
  • Daniel F. Schmitt – Director/Investment Chair
  • Keith E. Blanchette – Director
  • Wendy Chung – Director
  • Ronald K. Machtley – Director
  • Joseph B. Martin – Director

The foundation employs 13 staff members.

Compensation Overview

From 2024 IRS filing

AUGUST R SCHIESSEREXEC DIRECTOR, PRESIDENT, & …$342KDAVID HIRSCHCHAIRMAN OF THE BOARD$135KJEFFREY A WALKERSECRETARY/AUDIT CHAIR$114KGREGORY W KANEBDIRECTOR/COMP & GOV CHAIR$114KDANIEL F SCHMITTDIRECTOR/INVESTMENT CHAIR$114KROBERT H BROWN JRDIRECTOR/GRANT COMM CHAIR$109KKEITH E BLANCHETTEDIRECTOR$105KJOSEPH B MARTINDIRECTOR$105KBARBARA J MCNEILDIRECTOR$105KFRED J SCHIFFMAN MDDIRECTOR$105KWENDY CHUNGDIRECTOR$103KRONALD K MACHTLEYDIRECTOR$102K

From 2024 filing

NameTitleHoursCompensation
AUGUST R SCHIESSEREXEC DIRECTOR, PRESIDENT, & TREASURER30$342,040
DAVID HIRSCHCHAIRMAN OF THE BOARD9$134,500
JEFFREY A WALKERSECRETARY/AUDIT CHAIR4.5$113,500
ROBERT H BROWN JRDIRECTOR/GRANT COMM CHAIR4.5$109,000
GREGORY W KANEBDIRECTOR/COMP & GOV CHAIR4.5$113,500
DANIEL F SCHMITTDIRECTOR/INVESTMENT CHAIR4.5$113,500
KEITH E BLANCHETTEDIRECTOR3$104,500
WENDY CHUNGDIRECTOR3$103,000
RONALD K MACHTLEYDIRECTOR3$101,500
JOSEPH B MARTINDIRECTOR3$104,500
BARBARA J MCNEILDIRECTOR3$104,500
FRED J SCHIFFMAN MDDIRECTOR4.5$104,500

Recent News & Activity

Recent developments and announcements

The foundation has demonstrated significant commitment to emerging fields in medical research:

2024

**2024 Warren Alpert Prize:** Honored four pioneers in CAR T-cell therapy

The Warren Alpert Distinguished Scholar Awards - Neuroscience

**UCLA Partnership:** Awarded $4.6 million grant to launch a Computational Biology/AI Training Program

UCLA Receives $4.6 Million Grant from The Warren Alpert Foundation to Launch

**Stanford Partnership:** Provided $5 million to fund 15 Computational Biology/AI Scholars in the Department of Biomedical Data Science

$5 Million Warren Alpert Foundation Grant To Fund 15 Department ...

Contact Information

The Warren Alpert Foundation

  • Address: 90 Elm Street, Suite 2, Providence, RI 02903
  • Phone: (401) 383-1331
  • Fax: (401) 270-1358
  • Website: warrenalpertfoundation.org

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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