The Healthcare Initiative Foundation was established as a 509(a)(3) grantmaking organization in 1973 as the Suburban Hospital Association (Md.) Foundation. In 1980 the scope of giving broadened and accordingly the name changed to the Suburban Maryland Health Foundation. The current name, Healthcare Initiative Foundation, dates from 2002. The Foundation operated anonymously until 2007, when the board hired the Foundation’s first staff person to facilitate the grantmaking and begin to build a public presence. On July 1, 2012, the Healthcare Initiative Foundation transitioned from a 509(a)(3) charitable support organization to a 501(c)(3) private foundation.
Benefiting from a generally robust economy and exercising careful stewardship, the board of trustees progressively grew the Foundation’s endowment distributing over $79 million since its inception. The Foundation has funded an array of organizations and activities each year, while retaining an exclusive focus on improving healthcare for residents of Montgomery County, Maryland.
Effective on July 1, 2012, the Healthcare Initiative Foundation (HIF) became a 501(c)(3) private foundation. This establishes the Foundation’s new designation as an independent entity after having been a charitable support organization for almost 40 years. As part of our transition and continuing commitment to healthcare in Montgomery County, HIF provided Suburban Hospital with a major gift in support of their current capital campaign. The Board of Trustees are eager to continue support for 501(c)(3) healthcare nonprofits that offer solutions to improve the quality and delivery of healthcare for residents of Montgomery County, Maryland, particularly programs and services that protect the safety-net for vulnerable residents.