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Teva Cares Foundation is a private corporation based in PARSIPPANY, NJ. The foundation received its IRS ruling in 2010. The principal officer is % Teva Pharmaceuticals Inc.. It holds total assets of $116.3M. Annual income is reported at $288.8M. PROVIDES PRESCRIPTION DRUGS AT NO COST TO QUALIFYING INDIVIDUALS UNDER A PATIENT ASSISTANCE PROGRAM EXPENSE INCLUDE DRUGSS AND A SERVICE TO ADMINISTER THE PROGRAM. According to available records, Teva Cares Foundation has made 4 grants totaling $100.4M, with a median grant of $26.7M. Annual giving has decreased from $27.7M in 2020 to $18.3M in 2023. Grantmaking activity was highest in 2022 with $28.6M distributed across 1 grants. Individual grants have ranged from $18.3M to $28.6M, with an average award of $25.1M. The foundation has supported 2 unique organizations. Grant recipients are concentrated in New Jersey. Contributions to this foundation are tax-deductible.
PROVIDES PRESCRIPTION DRUGS AT NO COST TO QUALIFYING INDIVIDUALS UNDER A PATIENT ASSISTANCE PROGRAM EXPENSE INCLUDE DRUGS AND A SERVICE TO ADMINISTER THE PROGRAM
Expenses: $29.5M
PROVIDES PRESCRIPTION DRUGS AT NO COST TO QUALIFYING INDIVIDUALS UNDER A PATIENT ASSISTANCE PROGRAM EXPENSE INCLUDE DRUGSS AND A SERVICE TO ADMINISTER THE PROGRAM. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NJ.
Teva Cares Foundation has distributed a total of $100.4M across 4 grants. The median grant size is $26.7M, with an average of $25.1M. Individual grants have ranged from $18.3M to $28.6M.
Yes, recipients must meet certain income and insurance guideline as prescribed by the PAP Program.
Teva Cares Foundation is headquartered in PARSIPPANY, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Susan Larijani | Director | $0 | $0 | $0 |
| Nicole Higgins | Director and Treasurer | $0 | $0 | $0 |
| Carol Richardson | Director and President | $0 | $0 | $0 |
| Michelle Keller | Director | $0 | $0 | $0 |
| Kate Friday | Director | $0 | $0 | $0 |
Total Giving
$21.6M
Total Assets
$4.1M
Fair Market Value
$4.1M
Net Worth
$3.3M
Grants Paid
$18.3M
Contributions
$17.6M
Net Investment Income
$0
Distribution Amount
$0
Total Grants
4
Total Giving
$100.4M
Average Grant
$25.1M
Median Grant
$26.7M
Unique Recipients
2
Most Common Grant
$18.3M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Donation Of InventoriesFoundation provides prescription drugs at no cost to qualifying individuals under a Patient Assistance Program (PAP). Expense include drugs as well as a service to administer the program. numerous Individuals that meet PAP requirements; Due to HIPPA privacy issues, no details can be provided on the return. Information maintained by the Foundation. | Parsippany, NJ | $18.3M | 2023 |
| Numerous Individuals That Meet Pap RequirementsDue to HIPPA privacy issues, no details can be provided Prescription drugs for needy individuals | Parsippany, NJ | $27.7M | 2020 |
| Marc Eida |
| Director and Secretary |
| $0 |
| $0 |
| $0 |
| Tom Rainey | Director | $0 | $0 | $0 |
| Brian Sharkey | Director and Vice Chair | $0 | $0 | $0 |
| Kelley Dougherty | Director and Chair | $0 | $0 | $0 |
| Danielle Cimon | Assistant Secretary | $0 | $0 | $0 |
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