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THE LEONA M AND HARRY B HELMSLEY CHARITABLE TRUST

NEW YORK, NY · EIN 137184401 · Form 990PF · FY2024 · NTEE T20 · Philanthropy & Grantmaking · Very Large (>$50M)
revenue
$497.3M
expenses
$75.4M
net assets
$6.6B
employees
profile · synthesized from sources

The Leona M and Harry B Helmsley Charitable Trust is a private foundation based in New York that makes grants to support health, medical research, and humanitarian initiatives. It funds projects globally, with a focus on diabetes care, cardiovascular health, ocean cleanup technology, and healthcare infrastructure in underserved regions. The trust primarily supports other nonprofit organizations through substantial grant awards.

named programs · 5 · from sources

What they call their work

American Heart Association Center for Telehealth
Funds the development and expansion of telehealth services for cardiovascular disease management and prevention through the American Heart Association.
Cancer Care Expansion
Supports cancer treatment and infusion centers in Hawaii and West Oahu through grants to The Queen’s Medical Center and Kapiolani Medical Center.
Global Pen+ Partnership
Supports type 1 diabetes care for low-income populations through the Global Pen+ Partnership, focusing on improving access to insulin and care in resource-limited settings.
Helmsley Medical Center Development
Grants for construction and equipping of medical facilities in Israel, including Hadassah Medical Center and Tel Aviv Sourasky Medical Center.
Ocean Cleanup Initiative
Supports The Ocean Cleanup’s efforts to develop and scale technologies to remove plastic pollution from oceans.
activities · 4 groups

What they do

  • Hospital and Medical Center Support 8 activities
    • Funding cancer and infusion care for women and children
      Funds the Martha B. Smith Cancer & Infusion Center at Kapiolani Medical Center for Women & Children to support specialized oncology treatment.
    • Funding construction of hospital infrastructure in Israel
      Funds the construction of the sheltered -5 floor of the North Tower at Tel Aviv Sourasky Medical Center (Ichilov Hospital) for protected healthcare space.
    • Funding expansion of cancer treatment centers
      Funds the expansion of the West Oahu Cancer Center at The Queen's Medical Center to increase oncology service capacity.
    • Funding hospital intensive care units
      Funds the Surgical Intensive Care Unit at Billings Clinic to enhance surgical critical care services.
    • Funding improved type 1 diabetes care for low-income populations
      Funds Mass General Brigham for Brigham and Women's Hospital to improve type 1 diabetes care among low-income populations through the Global Pen-Plus Partnership.
    • Funding maternal and pediatric healthcare improvements
      Funds Baptist Medical Centre to strengthen maternal and pediatric healthcare services.
    • Funding medical equipment for new healthcare facilities
      Funds equipment procurement for the new Hadassah-Helmsley Medical Center in Netivot to enable operational readiness and patient care delivery.
    • Funding telehealth expansion for cardiovascular care
      Funds the American Heart Association Center for Telehealth to expand access to cardiovascular care through telehealth technologies and services.
  • Support for Israeli Educational Institutions 1 activity
    • Funding construction of academic facilities in computer science
      Funds the construction of a computer science building at Ben-Gurion University of the Negev to support academic and research infrastructure.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding development of health programs through Blue Circle Health Inc
      Funds Blue Circle Health Inc to support the development and expansion of its health programs and services, with multiple grants providing sustained funding.
  • Climate Change Research and Advocacy Funding 1 activity
    • Funding ocean plastic cleanup technology development
      Funds Stichting The Ocean Cleanup to develop and scale technologies designed to remove plastic pollution from oceans.
financials · form 990PF · fy2024
revenue
Total revenue$497.26M
Contributions & grants
Program service revenue
Investment income$72.62M15%
Other revenue$388.64M
expenses
Total expenses$75.40M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$3.49M
Grants paid out$440.93M
balance sheet
Total assets$7.11B
Cash
Investments
Liabilities
Net assets$6.59B
5 years on record · 2020–2024 · YoY revenue +29.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 7
NameTitleHours/wkCompensation
SARAH E PAUL CHIEF EXECUTIVE OFFICER 40 $1.27M
JOSHUA W FENTON CHIEF INVESTMENT OFFICER 40 $1.26M
JACQUELINE F BAUSCH GENERAL COUNSEL 40 $756K
NICHOLAS J SCHIAVO CHIEF FINANCIAL OFFICER 40 $609K
DAVID PANZIRER TRUSTEE 35 $150K
SANDOR FRANKEL TRUSTEE 25 $150K
WALTER PANZIRER TRUSTEE 32 $150K
relationships · 11

Who they work with

  • AMERICAN HEART ASSOCIATION INC Partner — Funded to establish a center for telehealth focused on cardiovascular health.
  • BAPTIST MEDICAL CENTRE Partner — Funded to elevate maternal and pediatric healthcare services.
  • BEN-GURION UNIVERSITY OF THE NEGEV Partner — Funded for construction of a computer science building bearing the Helmsley name.
  • BILLINGS CLINIC FOUNDATION Partner — Funded for the development of its Surgical Intensive Care Unit.
  • BLUE CIRCLE HEALTH INC Partner — Funded twice in 2024 for the development of its health programs.
  • HADASSAH MEDICAL ORGANIZATION Partner — Funded to equip a new medical center in Netivot, Israel.
  • KAPIOLANI HEALTH FOUNDATION Partner — Funded for the Martha B. Smith Cancer & Infusion Center at Kapiolani Medical Center for Women & Children.
  • MASS GENERAL BRIGHAM FOR THE BRIGHAM AND WOMEN'S HOSPITAL Partner — Funded to advance type 1 diabetes care for underserved populations via the Global Pen-Plus Partnership.
  • STICHTING THE OCEAN CLEANUP Partner — Funded to develop and scale technologies that remove plastics from oceans.
  • TEL AVIV SOURASKY MEDICAL CENTER - ICHILOV HOSPITAL Partner — Funded for construction of the sheltered -5 floor of the North Tower.
  • THE QUEENS MEDICAL CENTER Partner — Funded for expansion of its West Oahu Cancer Center.
strategies · 2

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.

  • Global Health Partnership Model for Diabetes Care
    methodology: global_health_partnership
    By partnering with local health systems in low-resource settings, we scale effective type 1 diabetes care models because sustainable delivery requires embedded, context-specific implementation supported by technical and financial collaboration.
  • Technology-Driven Ocean Restoration
    methodology: technology-scaling-for-environmental-impact
    By funding the development and scaling of innovative ocean cleanup technologies, we advance environmental restoration because large-scale ecological recovery depends on deployable, scalable technical solutions that address root causes of marine degradation.