Cleveland Clinic Foundation
90% goes to programs $5 to raise $100 Strong reserves Growing revenue
Cleveland Clinic Foundation is a 501(c)(3) organization based in Independence, Ohio, registered in 1928, with $17,206,708,633 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
6801 Brecksville Rd Rk1-85, Independence, OH, 44131 EIN 91-2153073 Since 1928
Revenue (FY2024)
$17.2B
▲ 10.3% vs prior year
Health median: $840K
Expenses (FY2024)
$16.1B
Net assets
$18.3B
Employees
89,188
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating90% to programs · $5 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Cleveland Clinic Foundation: 90% to programs · $5 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cleveland Clinic Foundation: 14 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Cleveland Clinic Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cleveland Clinic Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Caring for life, researching for health and educating those who serve.
Contact & location
- Address
- 6801 Brecksville Rd Rk1-85, Independence, OH, 44131
- City
- Independence
- State
- Ohio
- Category
- Health Care
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $7.6B (FY2013) to $17.2B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $8.3BNet assets $18.3B
Operating margin
6.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$26.5B
Total liabilities
$8.3B
Net assets
$18.3B
Salaries & benefits
$9.0B
56% of expenses
Board members
725
511 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $17,206,708,633▲10.3% | $16,127,775,410▲9.1% | $18,257,525,938▲8.6% | $26,534,014,021▲7.3% | 990 |
| 2023 | $15,603,812,916▲15.4% | $14,776,307,706▲8.1% | $16,807,438,370▲8.8% | $24,722,513,166▲4.5% | 990 |
| 2022 | $13,520,304,842▼5.6% | $13,664,847,850▲12.1% | $15,451,579,319▼4.6% | $23,665,612,244▼1.7% | 990 |
| 2021 | $14,324,749,704▲16.8% | $12,185,626,553▲11.8% | $16,196,470,043▲18.9% | $24,082,146,585▲13.0% | 990 |
| 2020 | $12,265,220,306▲6.1% | $10,902,845,543▲7.2% | $13,624,625,953▲16.6% | $21,307,404,981▲14.0% | 990 |
| 2019 | $11,558,538,378▲15.5% | $10,174,700,285▲9.1% | $11,682,623,619▲19.8% | $18,683,589,721▲16.0% | 990 |
| 2018 | $10,007,442,564▲6.5% | $9,325,282,744▲6.3% | $9,753,942,029▲2.5% | $16,108,542,205▲2.1% | 990 |
| 2017 | $9,399,062,405▲5.5% | $8,774,576,074▲3.4% | $9,519,627,125▲16.1% | $15,770,696,785▲9.4% | 990 |
| 2016 | $8,907,956,801▲14.7% | $8,486,267,857▲20.7% | $8,198,113,426▲13.9% | $14,409,054,021▲14.2% | 990 |
| 2015 | $7,766,891,918▲3.2% | $7,031,439,782▲2.8% | $7,199,450,134▲5.5% | $12,621,778,142▲2.8% | 990 |
| 2014 | $7,523,260,077▼0.6% | $6,836,839,104▲0.2% | $6,827,240,436▲9.6% | $12,283,938,264▲12.0% | 990 |
| 2013 | $7,565,105,720 | $6,825,082,036▲4.0% | $6,226,607,308▲24.1% | $10,971,646,595▲7.3% | 990 |
| 2012 | — | $6,559,634,961▲7.2% | $5,018,810,882▲14.7% | $10,222,859,807▲12.8% | 990 |
| 2011 | — | $6,117,763,783▲5.4% | $4,375,569,788▲3.2% | $9,063,594,010▲6.1% | 990 |
| 2010 | — | $5,806,798,320 | $4,241,072,934 | $8,545,841,573 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Mihaljevic Md Tomislav — $7,650,847 (0.05% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mihaljevic Md Tomislav | Director, Pres, Chair, Ceo - Ccf | 50 | $7,650,847 |
| Laraway Dennis | Dir, Evp, Cfo, Treasurer | 50 | $3,127,004 |
| Haber Md Georges-pascal | Ceo Ccad (part Yr) | 50 | $2,538,489 |
| Svensson Md Lars | Institute Chief - Hvti | 50 | $2,433,081 |
| Parker Md Richard | Pres East Submkt Hillcrest, Mentor | 50 | $2,280,308 |
| Rowan David W | Dir, Sec, Chief Legal Off (part Yr) | 50 | $2,224,430 |
| Strein Stefan | Vp, Chief Investment Officer | 50 | $2,173,858 |
| Hancock Dnp Rn Ne-bc Kelly | Dir, Evp, Chief Caregiver Off & Cao | 50 | $2,157,469 |
| Gillinov Md A Marc | Dep Chair, Thoracic & Cardiovas Surg | 50 | $2,141,240 |
| Chandra Phd Rohit | Evp, Chief Digital Officer | 50 | $2,133,862 |
| Peacock III William M | Dir, Evp, Coo | 50 | $2,107,674 |
| Najm Md Hani | Chair, Pediatric & Congenital Heart Surgery | 50 | $2,082,568 |
| Hull Md Tracy | Physician (retiree 2024) | 50 | $2,081,704 |
| Ridgeway Md Beri | Dir, Evp, Enterprise Chief of Staff | 50 | $1,986,502 |
| Guzman Md Jorge | Dir, Evp, Pres Neo (part Yr) | 50 | $1,929,479 |
| Delaney Md Phd Conor | Dir, Evp, President - Fl | 50 | $1,876,563 |
| Machado Md Phd Andre | Dir-kma; Chair Neuro Inst | 50 | $1,873,818 |
| Erzurum Md Serpil | Evp, Chief Research & Academic Off | 50 | $1,706,633 |
| Malone Jr Md Donald A | Dir, Evp, Pres Neo Mkt (part Yr) | 50 | $1,610,899 |
| Iannotti Md Phd Joseph | Dir, Chf Res & Acad Off-fl | 50 | $1,155,925 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Qualivis LLC | Personnel Services | $199,590,256 |
| Turner Construction Co | Construction Services | $45,057,174 |
| Siemens Medical Solutions Inc | Healthcare It & Engineering Services | $33,251,685 |
| Gilbane Building Co | Construction Services | $32,320,738 |
| Whiting-turner Contracting | Construction Services | $26,134,952 |
Grants received · $17.2M total
96 grants to Cleveland Clinic Foundation totaling $17.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Health, general | 2024 | $153,250 |
| Ayco Charitable Foundation | Medical / public services | 2024 | $21,000 |
| The Bessemer Giving Fund | General support | 2024 | $11,000 |
| Community Foundation of Greater Memphis Inc | General operational support | 2024 | $10,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $6,134 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $583,381 |
| Donor Advised Charitable Giving | Health | 2023 | $313,050 |
| American Endowment Foundation | Health, general | 2023 | $128,750 |
| Ayco Charitable Foundation | Medical / public services | 2023 | $21,191 |
| Community Foundation of Greater Memphis Inc | General operational support | 2023 | $20,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2023 | $10,000 |
| The Bessemer Giving Fund | General support | 2023 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $145,990 |
| Donor Advised Charitable Giving | Health | 2022 | $112,650 |
Grants made · $42.2M in FY2024
124 grants totaling $42.2M in FY2024 — showing the 15 largest. All grants made by Cleveland Clinic Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| The Cleveland Clinic Educational Foundation | Community support | $28,802,439 |
| Healthy Lakewood Foundation | Community support | $4,600,000 |
| Medwish Medworks | Community support | $3,432,939 |
| Greater Cleveland Food Bank Inc | Community support | $717,571 |
| Legal Aid Society of Cleveland | Community support | $391,000 |
| American Cancer Society Inc | Community support | $343,800 |
| American Heart Association Inc | Community support | $335,000 |
| Ohio Health Information Partnership LLC | Community support | $240,000 |
| Cleveland Clinic Health System East Region | Community support | $226,898 |
| Case Western Reserve University | Community support | $205,200 |
| Fairfax Renaissance Development Corporation | Community support | $152,049 |
| Ellis Island Honors Society Inc | Community support | $150,000 |
| Oneten Coalition Inc | Community support | $150,000 |
| Childrens Hunger Alliance | Community support | $130,000 |
| Ronald Mcdonald House Charities of Northeast Ohio Inc | Community support | $108,295 |
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Compare Cleveland Clinic Foundation
Frequently asked questions
- Is Cleveland Clinic Foundation a legitimate nonprofit?
- Yes. Cleveland Clinic Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 91-2153073, based in Independence, Ohio. Donations are tax-deductible.
- What is Cleveland Clinic Foundation's EIN?
- Cleveland Clinic Foundation's Employer Identification Number (EIN) is 91-2153073.
- How much revenue does Cleveland Clinic Foundation report?
- Cleveland Clinic Foundation reported $17,206,708,633 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Cleveland Clinic Foundation's spending goes to programs?
- Cleveland Clinic Foundation spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Cleveland Clinic Foundation have?
- CharityIndex grades Cleveland Clinic Foundation A, based on program efficiency and fundraising cost.
- How much does Cleveland Clinic Foundation's highest-paid employee make?
- The highest reported compensation on Cleveland Clinic Foundation's latest Form 990 is $7,650,847, paid to Mihaljevic Md Tomislav (Director, Pres, Chair, Ceo - Ccf).
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Data for Cleveland Clinic Foundation (EIN 91-2153073) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.