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THE VIRTUE FOUNDATION
NEW YORK, NY · EIN 562289262 · Form 990 · FY2024 · NTEE W20 · Public & Societal Benefit · Small ($100K-$1M) · virtuefoundation.org
revenue
$895K
expenses
$523K
net assets
$5.6M
employees
1
program ratio
78%
mission · from form 990

VIRTUE FOUNDATION'S MISSION IS TO INCREASE AWARENESS, INSPIRE ACTION, AND RENDER ASSISTANCE THROUGH INITIATIVES ON HEALTHCARE, EDUCATION, AND WOMEN AND JUSTICE PROGRAMS, AS WELL AS INNOVATIVE WORK IN RESEARCH AND ANALYTICS.

profile · synthesized from sources

The Virtue Foundation delivers healthcare and educational initiatives in low- and middle-income countries, focusing on sustainable skills transfer and local capacity building. It operates medical missions in regions such as Mongolia, Ghana, and Ecuador, providing advanced surgical care and training for local professionals. The organization also develops data-driven tools like VF Match, a platform using AI and machine learning to connect healthcare resources with unmet needs globally.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $121K
    THE VIRTUE FOUNDATION PROVIDED A VARIETY OF ADVANCED MEDICAL AND SURGICAL TREATMENTS IN MONGOLIA INCLUDING OPHTHALMOLOGY, OCULOPLASTIC SURGERY, OTORHINOLARYNGOLOGY, ANESTHESIOLOGY AND INTENSIVE CARE, HEPATOBILIARY SURGERY, AND NEUROSURGERY. IN ADDITION TO THE CLINICAL WORK, MONGOLIAN DOCTORS ARE TAUGHT AND TRAINED IN SUSTAINABLE SKILLS AND KNOWLEDGE TRANSFER IS A KEY PILLAR OF EVERY VIRTUE FOUNDATION MISSION. THE FOUNDATION ALSO PROVIDED MEDICAL AND SURGICAL CARE AS WELL AS EDUCATIONAL INITIATIVES IN THE UNDERSERVED NORTHWEST REGION, INCLUDING TUMU AND WA IN GHANA. VIRTUE FOUNDATION ALSO SUPPORTED MEDICAL AND SURGICAL MISSIONS IN UKRAINE.
named programs · 4 · from sources

What they call their work

Data Mapping Initiative
Partnership with Dun & Bradstreet to create a technology platform that improves the efficiency of healthcare delivery by mapping needs and resources in underserved regions.
Medical and Surgical Missions
Provides advanced clinical care—including ophthalmology, neurosurgery, and anesthesiology—and conducts knowledge transfer and training for local healthcare providers in underserved regions.
Publications Program
Produces books and compendia such as "Insights in Global Health" and "Crossroads in Global Health" to analyze and improve global health philanthropy through data and analytics.
VF Match
A machine learning and AI-powered platform that connects healthcare needs with resources across low- and middle-income countries, enabling medical professionals and organizations to direct care where it is most needed.
activities · 9 groups

What they do

  • Medical Research & Education Dissemination 2 activities
    • Presenting research on global eye care and surgical outcomes
      Conducts and presents research on glaucoma surgery outcomes and global eye care access mapping, including at the 2025 Global Ophthalmology Summit.
    • Publishing comprehensive research and compendia on global health
      Produces and publishes detailed mappings of healthcare facilities and nonprofit organizations in underserved regions; released the first volume of the World Compendium, "Insights in Global Health," covering 24 low-income countries, and maintains a curated directory across 72 low and lower-middle-income countries.
  • Leadership & Policy Dialogue Forums 1 activity
    • Advocating for AI and cross-sector collaboration in global healthcare
      Engages in public advocacy through high-profile forums such as Davos 2026 (Leading Beyond Boundaries) and the Museum of Science in Boston, discussing the role of generative AI, data, and cross-sector partnerships in strengthening global healthcare infrastructure.
  • Direct Clinical Care Delivery 1 activity
    • Conducting international surgical and medical missions
      Delivers critical surgical and medical care in low and low-middle income countries, with sustained programs in Ghana, Mongolia, Ecuador, Cambodia, El Salvador, the Democratic Republic of Congo, Ukraine, and Vietnam. Services include maternal health, general surgery, plastic reconstructive surgery, ophthalmology, orthopedic surgery, pediatric intensive care, and neurosurgery, with recent missions performing approximately 150 advanced procedures in Mongolia and nearly 20 surgeries in Ghana.
  • Data & Technology Capacity Building 1 activity
    • Developing AI-driven data infrastructure for global health planning
      Builds scalable data systems through VFMatch and the Actionable Data Initiative, using artificial intelligence, geospatial analytics, and predictive modeling to map healthcare deserts, identify unmet needs, and connect volunteer medical capacity with underserved communities globally.
  • Hospital and Medical Center Support 1 activity
    • Distributing medical supplies and equipment
      Provides donated medical supplies and equipment to healthcare facilities in underserved regions, including multiple distributions in northern Ghana and Accra, as part of its broader mission support.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding external programs through grants
      Awards grants to support external initiatives, disbursing $23,162 in fiscal year 2023 and $11,229 in fiscal year 2021.
  • Medical Professional Education & Training 1 activity
    • Providing clinical training and mentorship to local healthcare providers
      Offers on-site clinical training, bedside teaching, lectures, and collaborative surgeries for doctors, nurses, midwives, and other medical professionals in Ghana, Mongolia, and other mission countries to build sustainable local capacity.
  • Financial Aid and Scholarship Access Programs 1 activity
    • Supporting education for medically challenged students
      Provides educational scholarships to medically challenged students in technological fields, with an emphasis on community service and philanthropy.
  • Uncategorized 2 activities
    • Assisting families with medically challenged children
      Provides medical and educational assistance to families in Mongolia who have children with significant medical challenges.
    • Launching youth advocacy initiatives on former child soldiers
      Launched the “Child Soldiers Youth Initiative” in 2006 to educate high school students about the experiences and rehabilitation of former child soldiers.
financials · form 990 · fy2024
revenue
Total revenue$895K
Contributions & grants$675K75%
Program service revenue$00%
Investment income$220K25%
Other revenue$0
expenses
Total expenses$523K
Program expenses78%
Admin / overhead22%
Fundraising0%
Salaries & benefits$115K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$5.61M
Cash$517K
Investments$4.62M
Liabilities$4K
Net assets$5.60M
Liquid reserves117.7 mo
5 years on record · 2020–2024 · YoY revenue +11.6%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • JOAN LAROVERE MD — PRESIDENT
  • JOSEPH SALIM DMD — EXECUTIVE DI
  • SHAHPARI NAZERI DDS — TREASURER/SE
relationships · 32

Who they work with

  • Alcon Partner — Supported the 2025 Surgical and Teaching Mission to Mongolia through collaboration and in-kind contributions.
  • Americares Partner — Partnered with the Virtue Foundation to support the 2025 medical mission in Mongolia.
  • Ansell Partner — Provided support for the 2025 medical mission to Mongolia through collaboration and material contributions.
  • Bloomberg Businessweek Partner — Featured in media discussions on AI in healthcare and global health initiatives.
  • Bloomberg Businessweek Partner — Platform for public discussion on AI in healthcare featuring Virtue Foundation leadership.
  • CARTO Partner — Co-presented on AI-powered geospatial workflows and participated together in the 2025 Spatial Data Science Conference.
  • CRC Press Government — Publisher of the book "Crossroads in Global Health" authored by leaders of the Virtue Foundation
  • CorzaEye Partner — Collaborated with the Virtue Foundation to support the 2025 Surgical and Teaching Mission to Mongolia.
  • Databricks Partner — Collaborated on a fireside chat and webinar discussing AI and geospatial workflows for global health.
  • Databricks Partner — Collaborates with Virtue Foundation to build scalable data infrastructure for global healthcare delivery.
  • Democratic Republic of Congo Partner — Collaborates on rehabilitation, education, and medical treatment of former child soldiers
  • Dun & Bradstreet Partner — Partnered with Virtue Foundation on the Data Mapping Initiative to improve healthcare delivery in underserved regions.
  • Forbes Partner — Collaborated on an interview during Davos 2026 to discuss the Foundation's work in healthcare data and AI.
  • Gwollu District Hospital Partner — Recipient of donated medical supplies and equipment during the 2025 Surgical and Teaching Mission.
  • Harvard Business School Alumni Association Partner — Co-hosted a panel discussion at the Museum of Science on generative AI in global healthcare.
  • Harvard Business School Alumni Association Partner — Participated in a panel at the Museum of Science on generative AI in global healthcare.
  • Healthcare providers in Ghana Partner — Works with local teams in Ghana’s Northwest Region, including Tumu and Wa, to provide medical and surgical care.
  • International Rescue Committee Partner — Collaborates with Virtue Foundation on high-impact, evidence-based initiatives globally.
  • Medical teams in Ecuador Partner — Supported medical and surgical missions in Ecuador.
  • Medical teams in Ukraine Partner — Supported medical and surgical missions in Ukraine.
  • Medical teams in Vietnam Partner — Supported medical and surgical missions in Vietnam.
  • Mongolian medical institutions Partner — Collaborates with local medical professionals in Mongolia to deliver care and conduct training.
  • Museum of Science Partner — Collaborated on hosting a panel discussion on generative AI in global healthcare.
  • New World Medical Partner — Partnered with the Virtue Foundation to support the 2025 Surgical and Teaching Mission to Mongolia.
  • Partners for Andean Community Health (PACH) Partner — Collaborated with Virtue Foundation to support surgical missions in Ecuador.
  • SEE International Partner — Collaborated with the Virtue Foundation to support the 2025 Surgical and Teaching Mission to Mongolia.
  • Taylor & Francis Government — Publishing partner for the book "Crossroads in Global Health" associated with the Virtue Foundation
  • Taylor & Francis Partner — Co-published the first volume of the World Compendium, "Insights in Global Health."
  • The Bank Hospital Partner — Recipient of donated medical supplies and equipment in Accra during the 2025 Surgical and Teaching Mission.
  • Tumu Municipal Hospital Partner — Recipient of donated medical supplies and equipment during the 2025 Surgical and Teaching Mission.
+ 2 more
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • AI-Driven Resource Matching for Healthcare Equity
    methodology: AI-driven resource matching
    By using AI and geospatial analytics to identify healthcare deserts and match unmet needs with available resources, we improve access and efficiency in underserved regions because data-driven targeting reduces waste and optimizes impact.
  • Integrated Short- and Long-Term Development Model
    methodology: short-and-long-term-integration
    By integrating short-term relief with long-term development through lasting partnerships, we achieve sustainable change because immediate interventions create entry points for systemic transformation.
  • Market-Based Philanthropy for Efficient Global Health Systems
    methodology: market-based approach to philanthropy
    By reframing global health philanthropy as a marketplace and applying market-based solutions like data transparency and measurable outcomes, we increase resource allocation efficiency because structured systems reduce inefficiencies in aid distribution.
  • Sustainable Capacity Building Through Skills Transfer
    methodology: skills_transfer_and_capacity_building
    By combining direct medical care delivery with training and mentorship of local professionals, we build long-term healthcare capacity because sustainable systems depend on locally rooted skills and knowledge.