Memorial Hermann Foundation
Memorial Hermann Foundation is the 501(c)(3) philanthropic arm of Memorial Hermann Health System, raising charitable funds to support the system's Houston-area hospitals, trauma, pediatric, rehabilitation, and specialty care programs.
- Company typePrivate
- Founded1971
- HeadquartersHouston, United States
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Memorial Hermann Foundation does
Memorial Hermann Foundation is a 501(c)(3) nonprofit charitable organization founded in 1971 and headquartered in Houston, Texas, that functions as the philanthropic arm of Memorial Hermann Health System. Its purpose is to raise and deploy financial resources in support of the Health System's clinical, research, and capital priorities, including major equipment campaigns such as the $42 million Life Flight helicopter fleet replacement, partially funded by a $5 million grant from the John M. O'Quinn Foundation in August 2022. The Foundation solicits donations from individuals, families, and institutional donors and channels those funds to program, equipment, and facility needs across the system.
The underlying Memorial Hermann Health System is an integrated healthcare delivery network serving Greater Houston, operating a portfolio that includes Memorial Hermann-Texas Medical Center, Children's Memorial Hermann Hospital, TIRR Memorial Hermann (a nationally designated rehabilitation hospital), the Red Duke Trauma Institute, the Mischer Neurosciences institute, the Memorial Hermann | Rockets Sports Medicine Institute, and multiple community hospitals across Katy, Sugar Land, and The Woodlands. The system employs 33,000+ staff and is affiliated with 6,600+ physicians through McGovern Medical School at UTHealth. Patient-facing technology includes the My Memorial Hermann portal, ScheduleNow online scheduling, virtual care/telehealth, and a 24/7 Nurse Health Line.
Revenue at the system level is generated through fee-for-service patient care, Medicare Advantage premiums via the Memorial Hermann Health Plan, and ancillary services, while the Foundation is funded by charitable contributions and grants. Distribution is primarily direct-to-consumer via physical hospital and clinical locations, supplemented by digital self-serve scheduling and telehealth channels; physician referrals through the Memorial Hermann Medical Group serve as a key enterprise demand-generation pathway.
Memorial Hermann Foundation firmographics
Firmographics- Name
- Memorial Hermann Foundation
- Legal name
- Memorial Hermann Foundation
- Website
- https://memorialhermann.org
- Company type
- Private
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Memorial Hermann Foundation is the 501(c)(3) philanthropic arm of Memorial Hermann Health System, raising charitable funds to support the system's Houston-area hospitals, trauma, pediatric, rehabilitation, and specialty care programs.
- Ownership category
- akta.pro rank
Memorial Hermann Foundation industry classification
Industry- Product category
- Healthcare Philanthropy
- NAICS
- Voluntary Health Organizations (813212), Grantmaking Foundations (813211)
- SIC
- Services-Social Services (8300), Services-Misc Health & Allied Services, Nec (8090)
- akta.pro primary industry
- Health & Medical Research Grantmaking Foundations (BPAGAKAL)
Keywords
Where Memorial Hermann Foundation is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Memorial Hermann Foundation business model
Business model- GTM type
- B2C
- Offering type
- Services
Revenue model
- Patient Care Services: Healthcare services provided to patients including hospital stays, outpatient procedures, emergency services, diagnostic imaging, laboratory tests, and surgical services. Revenue is generated through fee-for-service payments from insurance companies, Medicare, Medicaid, and self-pay patients.
- Health Plan Operations: Memorial Hermann offers Medicare Advantage plans providing additional health benefits to members, generating revenue through insurance premiums
- Charitable Donations and Grants: The Memorial Hermann Foundation receives donations from individuals, foundations (such as the John M. O'Quinn Foundation's $5 million donation), and organizations to fund specific programs, equipment, and facility improvements
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Medicare Advantage Plans |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Memorial Hermann Foundation product offering
Product offeringCore offering
The Memorial Hermann Foundation is a 501(c)(3) nonprofit charitable organization that raises and manages donations to provide financial support to the Memorial Hermann Health System. The Foundation solicits contributions from individuals, families, foundations, and corporate partners to fund specific programs, equipment purchases, facility improvements, and capital projects such as the Life Flight helicopter fleet replacement.
Product overview
Memorial Hermann Health System operates as an integrated healthcare delivery network offering a comprehensive portfolio of services across multiple hospitals, specialty centers, and care settings in the Greater Houston area. The system provides acute care hospitals, trauma services (including Life Flight air ambulance), pediatric care (Children's Memorial Hermann Hospital), rehabilitation (TIRR Memorial Hermann), sports medicine (Rockets Sports Medicine Institute), neuroscience, cardiac care, cancer treatment, weight management (NewStart), and primary care through the Memorial Hermann Medical Group. Patient-facing digital services include My Memorial Hermann™ patient portal, Virtual Care telehealth offerings, and scheduling tools. The system serves over 33,000 employees and 6,600 affiliated physicians across its network.
Differentiator
Problem solved
Functional benefit
Brands
- Life Flight: Emergency air medical service program providing helicopter transport for critically ill or injured patients in the Greater Houston area.
- TIRR Memorial Hermann
- Children's Memorial Hermann Hospital
- Red Duke Trauma Institute
Products and services
- Memorial Hermann Foundation Donations Program
- Life Flight Capital Campaign
- TIRR Memorial Hermann Rehabilitation Program Support
- Children's Memorial Hermann Hospital Support
Quantifiable outcome
- Memorial Hermann Life Flight celebrated 45 years of service to the Greater Houston community
- +1 more outcomes
Companies that use Memorial Hermann Foundation
Customer profileNamed customers1 record
Segments6 records
Memorial Hermann Foundation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Memorial Hermann Foundation partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- McGovern Medical School at UTHealthcoreAcademic partnership providing medical education, research collaboration, and clinical trials. The affiliation ensures access to cutting-edge medical treatments and allows medical residents and fellows to train at Memorial Hermann facilities.
- Houston RocketscorePartnership providing sports medicine services through the Memorial Hermann | Rockets Sports Medicine Institute. Includes team physician services, athlete injury care, and sports performance programs.
- Duke HealthminorHealthcare system partnership related to collaborative healthcare initiatives, including participation in Cadence funding round alongside Memorial Hermann.
- Texas Health ResourcesminorHealthcare system partnership related to collaborative healthcare initiatives, including participation in Cadence funding round alongside Memorial Hermann.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
Memorial Hermann Foundation competitors and assessment
Company assessmentBroad incumbents
- Baylor Scott & White Foundation: Foundation supporting Baylor Scott & White Health, the largest nonprofit health system in Texas. Comparable in scale, multi-specialty scope, and academic affiliations, with similar capital-campaign and donor-stewardship infrastructure.
- MD Anderson Cancer Center: Houston-based cancer center within the Texas Medical Center with its own donor development program. Comparable as a Houston-based, academic-affiliated, specialty-focused fundraising entity drawing from overlapping donor networks.
- Mount Sinai Health System Foundation: Foundation supporting Mount Sinai's NYC-based academic health system. Comparable as a large, multi-hospital nonprofit health system with research-intensive and specialty programs requiring sustained philanthropic support.
- Cedars-Sinai Foundation: Major nonprofit hospital foundation supporting Cedars-Sinai Medical Center in Los Angeles. Comparable as a large, nationally ranked academic health system foundation with a sophisticated major-gifts and capital-campaign operation.
- Cleveland Clinic Foundation: Philanthropic arm of Cleveland Clinic, a top-ranked national health system. Comparable scale, multi-specialty footprint, and academic integration; benchmarks peer hospital-system fundraising capacity and structure.
- AdventHealth Foundation: Foundation supporting AdventHealth, a large multistate nonprofit health system. Comparable in scale and the multi-state specialty footprint that broadens donor reach beyond a single metro.
Direct peers
- Houston Methodist Foundation: Charitable foundation supporting Houston Methodist, Memorial Hermann's largest local competitor. Both raise and deploy philanthropic capital within the same Houston donor pool for similar purposes (capital projects, research, patient programs).
- Texas Children's Hospital Foundation: Foundation supporting Texas Children's Hospital, Houston's premier pediatric competitor to Children's Memorial Hermann Hospital. Competes directly for pediatric specialty donations and corporate philanthropy in the same metro.
- CHI St. Luke's Health Foundation: Foundation supporting CHI St. Luke's Health in Houston (now part of CommonSpirit Health). Competes with Memorial Hermann Foundation for Houston-area donor capital and is part of the same multi-system co-investment network (e.g., Cadence).
Others
- HCA Houston Healthcare: For-profit competitor to Memorial Hermann Health System in the Houston market. Useful as an adjacent market participant rather than a direct foundation peer, since HCA operates under a fundamentally different (for-profit) capital model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Memorial Hermann Foundation social profiles
Digital presenceMemorial Hermann Foundation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Memorial Hermann Foundation leadership team
Management profileNumber of profiles
Memorial Hermann Foundation funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Memorial Hermann Foundation M&A and investment
M&A and investmentM&A
Investments10 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Memorial Hermann Foundation
What does Memorial Hermann Foundation do?
The Memorial Hermann Foundation is a 501(c)(3) nonprofit charitable organization that raises and manages donations to provide financial support to the Memorial Hermann Health System. The Foundation solicits contributions from individuals, families, foundations, and corporate partners to fund specific programs, equipment purchases, facility improvements, and capital projects such as the Life Flight helicopter fleet replacement.
Is Memorial Hermann Foundation a public or private company?
Memorial Hermann Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Memorial Hermann Foundation founded?
Memorial Hermann Foundation was founded in 1971. It employs 5,001 to 10,000 people.
Where is Memorial Hermann Foundation based?
Memorial Hermann Foundation is headquartered in Houston, United States, in the North America region.
How does Memorial Hermann Foundation make money?
Three revenue lines are on record. Patient Care Services are the primary driver. The others are health Plan Operations and charitable Donations and Grants.
Who are Memorial Hermann Foundation's main competitors?
Broad incumbents on record are Baylor Scott & White Foundation, MD Anderson Cancer Center, Mount Sinai Health System Foundation, Cedars-Sinai Foundation, Cleveland Clinic Foundation and AdventHealth Foundation. Direct peers are Houston Methodist Foundation, Texas Children's Hospital Foundation and CHI St. Luke's Health Foundation. HCA Houston Healthcare is listed as an others.
Does Memorial Hermann Foundation have an API?
No public API is recorded for Memorial Hermann Foundation.
What industry is Memorial Hermann Foundation in?
Memorial Hermann Foundation's product category is Healthcare Philanthropy. Its primary akta.pro industry code is BPAGAKAL, Health & Medical Research Grantmaking Foundations. Its NAICS code is 813212 and its SIC code is 8300.