Skip to content

Maryland · Nonprofit

CalvertHealth Foundation Inc

CalvertHealth Foundation Inc (Maryland) receives grants from 14 organizations whose IRS filings report $2,079,581 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,032,490). 7 of them have funded it in more than one year, and 78% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$2.5M
Funders on record
14
Grants received
$2.1M
Net assets
$9.1M
7/14 repeat funderspeak grant-dependency 26%
01What it does

What CalvertHealth Foundation Inc does

Mission

The CalvertHealth Foundation is focused on the development, optimization and operation of multiple charitable donation programs to maximize support for CalvertHealth Medical Center and its subsidiaries whose vision is to provide exceptional care and make a difference in every life they touch.

As stated on its FY2025 Form 990.

Programs

  1. The principle mission of the Foundation is to support CalvertHealth Medical Center, Inc. In FY 2025, the Foundation provided support in the amount of $426,470 to CalvertHealth Medical Center, Inc. This year, support was also provided to CalvertHealth Medical Group in the amount of $501,930.

    $1,028,413 spentof which $928,400 as grants
    93% of program spending
  2. The second principle mission of the Foundation is to administer the scholarship endowment funds for the benefit of nursing, allied health and medical doctorate students in support of CalvertHealth Medical Center, Inc. In FY 2025, the Foundation awarded $80,000 in scholarships.

    $80,000 spentof which $80,000 as grants
    7% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,108,413.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20182018 Revenue 100 ($3.1M) Expenses 100 ($786k) Net assets 100 ($6.0M)2019 Revenue 71 ($2.2M) Expenses 77 ($602k) Net assets 122 ($7.3M)2020 Revenue 29 ($879k) Expenses 278 ($2.2M) Net assets 100 ($6.0M)2021 Revenue 43 ($1.3M) Expenses 144 ($1.1M) Net assets 114 ($6.8M)2022 Revenue 47 ($1.5M) Expenses 203 ($1.6M) Net assets 101 ($6.0M)2023 Revenue 34 ($1.1M) Expenses 132 ($1.0M) Net assets 106 ($6.3M)2024 Revenue 87 ($2.7M) Expenses 183 ($1.4M) Net assets 126 ($7.6M)2025 Revenue 81 ($2.5M) Expenses 143 ($1.1M) Net assets 152 ($9.1M)
'18'19'20'21'22'23'24'25
Revenue (81)Expenses (143)Net assets (152)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $7.7M to $9.2M (+20%).

$6.2M
$7.7M
$6.2M
$7.1M
$7.1M
$6.4M
$7.7M
$9.2M
'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2019 5%. Grants only. Government contracts and fees sit inside program revenue.

94% of CalvertHealth Foundation Inc’s revenue is contributions — more reliant on donations than three-quarters of its peers (51% for the typical peer).

This organization
Typical peer · 8,611 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

$2.3M
’18
$1.6M
’19
−$1.3M
’20
$193k
’21
−$134k
’22
$20k
’23
$1.2M
’24
$1.4M
’25
46
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Jeremy Bradford

Ex-Officio - CEO

As listed on its FY2025 Form 990.

'18'19'20'21'22'23'24'25
Listed1815141817182015
Joined·+0+2+5+1+18+20+3
No longer listed·331217188
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 3 funders, grant income fell $69k → $22k.

5 of 14 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 78% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of CalvertHealth Foundation Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

CalvertHealth Foundation Inc leans on a few funders — its largest provides 50% of grant income and the top three 85%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

90% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CalvertHealth Foundation Inc.

50%
largest funder
85%
top three
~3
effective funders

Largest funder’s share by year: 2017 48% · 2018 51% · 2019 36% · 2020 50% · 2021 75% · 2022 74% · 2023 57% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

29% of CalvertHealth Foundation Inc's funders are still giving 3 years after their first grant; 50% give in more than one year at all.

first grant+1y+2y+3y+4y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

78% of CalvertHealth Foundation Inc's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $461k that is directly attributable, 88% of it comes from Maryland funders.

MA
IA
MD
NC

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Maryland out of state home

Funder states come from each funder’s own filing. $1.6M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CalvertHealth Foundation Inc runs a healthier operating margin than three-quarters of the 4,665 health nonprofits its size.

Operating margin55% · top quartile
Months of reserve45.9mo · top quartile
Revenue growth (annualized)−3% · bottom quartile

this organization peer median middle 50% of peers· 4,665 health nonprofits $1M–$10M, FY2025

Government funding CalvertHealth Foundation Inc receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $60k on record.

State$60k
Top programs
  • Grant$60k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like CalvertHealth Foundation Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Maryland

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

98% of spending goes to programs.

Program 98%Management 2%Fundraising 0%

Governance

14
board members
93%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 3 related entities

  • CalvertHealth Medical Center Inc · exempt
  • Calvert Health System Inc · exempt
  • Corelife Calvert Partnership LLC · partnership

Screen this organization

A dated, signed PDF of the compliance screen for CalvertHealth Foundation Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CalvertHealth Foundation Inc?
CalvertHealth Foundation Inc (Maryland) receives grants from 14 organizations whose IRS filings report $2,079,581 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,032,490). 7 of them have funded it in more than one year, and 78% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does CalvertHealth Foundation Inc have?
IRS filings report 14 organizations giving $2,079,581 in grants to CalvertHealth Foundation Inc, 7 of which have funded it in more than one year.
Who is the largest funder of CalvertHealth Foundation Inc?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $1,032,490 in grants. The full list of funders is on this page.
How can an organization like CalvertHealth Foundation Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 14 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing