Private Foundation

HEALTHCARE INITIATIVE FOUNDATION

HEALTHCARE INITIATIVE FOUNDATION, of GERMANTOWN, MD, is a Private Foundation tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.7M in revenue, $2.1M in expenses, $30.1M in total assets. IRS filings disclose 431 grants awarded by this foundation, totaling roughly $9.1M.

EIN: 237324576 GERMANTOWN, MD Fund Raising & Fund Distribution NTEE: E12 Latest filing: 2025
Total Revenue$1.7M
Total Expenses$2.1M
Total Assets$30.1M
Grants Given431
Grant Total$9.1M
Filing Years2021–2025

Sample Grants Given

THE UNIVERSITIES AT SHADY GROVE (USG)
ROCKVILLE, MD · 2024
ENHANCING HEALTHCARE CAREER PATHWAYS THROUGH MONTGOMERY COLLEGE AND THE UNIVERSITIES AT SHADY GROVE
$100,000
THE UNIVERSITIES AT SHADY GROVE (USG)
ROCKVILLE, MD · 2024
ENHANCING HEALTHCARE CAREER PATHWAYS THROUGH MONTGOMERY COLLEGE AND THE UNIVERSITIES AT SHADY GROVE
$100,000
EVERYMIND (FORMERLY MHA OF MOCO)
ROCKVILLE, MD · 2024
EQUITABLE ACCESS TO THE HEALTHCARE WORKFORCE CAREERS
$50,000
WUMCO HELP INC
POOLESVILLE, MD · 2024
WESTERN COUNTY HEALTHCARE ACCESS IMPROVEMENT FY25
$50,000
PREVENTION OF BLINDNESS SOCIETY OF METROPOLITAN WASHINGTON
WASHINGTON, DC · 2024
GLASSES4SCHOLARS
$45,000

Showing up to 5 of 431 total records — full history available with membership.

Officers & Directors

PREVIOUS CEO Crystal Townsend
VICE CHAIR Deborah Fisher
TREASURER George Dines
PRESIDENT AND CEO Kathy Stevens
TRUSTEE Kerry Grace Morrissey
INTERIM CEO Lynn Arndt

Officer compensation and complete director data available with membership.

Top Grant Purposes

ENHANCING HEALTHCARE CAREER PATHWAYS THROUGH MONTGOMERY COLLEGE AND THE UNIVERSITIES AT SHADY GROVE
$800,000 7 grants
TO SUPPORT ACHIEVING COLLEGIATE EXCELLENCE AND SUCCESS, TO SUPPORT EARN BACHELOR OF SCIENCE NURSING (BSN) WORKFORCE PIPELINE, AND TO SUPPORT BUILDING HEALTHCARE CAREER PATHWAYS FROM MONTGOMERY COLLEGE TO THE UNIVERSITIES AT SHADY GROVE
$283,490 1 grant
TO SUPPORT THRIVING GERMANTOWN AND TO SUPPORT GAITHERSBURG ELEMENTARY SCHOOL FAMILY TRAUMA TRAINING (GESFTT)
$215,000 1 grant
EQUITABLE ADMINISTRATION OF COVID-19 VACCINES
$184,800 1 grant
BUILDING A TRAUMA-RESPONSIVE ECOSYSTEM IN TWO HIGH-NEED MONTGOMERY COUNTY HIGH SCHOOLS
$175,000 4 grants

Financial Trends

Year Revenue Expenses Assets
2025 $1.7M $2.1M $30.1M
2024 $2.6M $1.7M $30.6M
2023 $1.2M $1.8M $29.7M
2022 $1.5M $2.7M $30.3M
2021 $1.8M $1.1M $31.5M

Between 2021 and 2025, reported annual revenue declined from $1.8M to $1.7M (-3%), with total assets most recently reported at $30.1M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in DC, MD, VA.

DCMDVA

Full geographic grant map with state-by-state breakdown available with membership.

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Browse all nonprofits & foundations in Germantown, →

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