Cleveland Clinic Foundation

Cleveland Clinic Foundation

The Cleveland Clinic Foundation was established in 1921 as an independent not-for-profit academic medical center. Tomislav Mihaljevic holds the role of President and CEO. No specific family wealth origin is disclosed. The foundation pursues a balanced strategy with allocations to private equity, real estate, and early-stage venture investments. Confirmed holdings include direct ownership of the Cleveland Clinic Main Campus, Cleveland Clinic London and plus minority positions in Aura at Innovation Square. Geographic reach covers the United States and the United Kingdom. Cleveland Clinic Ventures has taken limited partner roles in Cleveland Diagnostics, Enspire DBS Therapy, Dyania Health, and Centerline Biomedical. The organization employs 82,608 professionals. Additional assets under management include the Cleveland Clinic Art Collection of over 7,000 works and a fleet of medical transport aircraft. Philanthropic vehicles comprise the Cleveland Clinic Philanthropy Institute and Cleveland Clinic Philanthropy (UK) Ltd. No operational events from the last 24 months appear in available records. The foundation maintains a hybrid structure that combines endowment management with operating-company ownership of hospitals and an innovation center. This architecture allows direct control over real estate and venture commercialization through Cleveland Clinic Innovations and Cleveland Clinic Ventures.