//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
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. Total assets have grown from $14.7M in 2011 to $116.3M in 2024. The foundation is governed by 10 officers and trustees. Provides prescription drugs at no cost to qualifying individuals under a patient assistance program expense include drugss and a service to administer the program. Tax records are available from 2020 to 2024. 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 | N/A |
| Nicole Higgins | Director and Treasurer | $0 | $0 | N/A |
| Carol Richardson | Director and President | $0 | $0 | N/A |
| Michelle Keller | Director | $0 | $0 | N/A |
| Kate Friday | Director | $0 | $0 | N/A |
| Marc Eida | Director and Secretary | $0 | $0 | N/A |
| Tom Rainey | Director | $0 | $0 | N/A |
| Brian Sharkey | Director and Vice Chair | $0 | $0 | N/A |
| Kelley Dougherty | Director and Chair | $0 | $0 | N/A |
| Danielle Cimon | Assistant Secretary | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$116.3M
Fair Market Value
N/A
Net Worth
$116.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |