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Hadassah
Hadassah was founded in 1912 by Henrietta Szold as a volunteer women's Zionist organization. It has since evolved into an asset owner that directly finances...
Hadassah
Hadassah was founded in 1912 by Henrietta Szold as a volunteer women's Zionist organization. It has since evolved into an asset owner that directly finances and operates the Hadassah Medical Organization in Jerusalem, comprising two major hospital campuses at Ein Karem and Mount Scopus. Its endowment supports medical care, research, and youth development, while its separate philanthropic vehicles — the Hadassah Medical Relief Association and The Hadassah Foundation — further parse its granting activity. The organization operates at the intersection of healthcare delivery, academic medicine, and real assets. Core holdings include the flagship Hadassah Hospital Ein Karem, Hadassah Hospital Mount Scopus, and two Youth Aliyah villages in Israel — Hadassah-Neurim and Meir Shfeyah. Through its technology-transfer arm, Hadasit, Hadassah commercializes medical research originating from the Hebrew University-Hadassah School of Medicine. Its principal partnerships include the Hebrew University of Jerusalem for allied health education, the Jewish National Fund for environmental reclamation, and the Conference of Presidents of Major American Jewish Organizations for policy and joint missions. Headquartered at 40 Wall Street in New York and led by National President Carol Ann Schwartz alongside CEO Naomi Adler, Hadassah operates as a membership organization with chapters across the United States. While total AUM is not publicly disclosed, its balance sheet carries direct ownership of hospital facilities and real assets in Israel. The organization participates in several professional funder networks, including the Jewish Funders Network and the Jewish Women's Funding Network, expanding its co-granting and co-investment reach. The structural differentiator is Hadassah's hybrid posture: it is neither a conventional grant-making foundation nor a passive endowment. It acts as an owner-operator of Israel's largest hospital network and its associated real estate, while running a parallel diagnostics lab and a technology commercialization unit — a structure that closely resembles a vertically integrated healthcare holding company tied to membership dues and donor-advised contributions.
General information
Firm type
Endowment / Foundation
Year founded
1912
Location
Region
North America
Country
United States
City
New York
Corporate office
40 Wall Street, 8th Floor, New York, NY 10005, United States
Additional offices
Ein Karem, Jerusalem, Israel · Mount Scopus, Jerusalem, Israel
Principals
Carol Ann Schwartz
National President
Naomi Adler
CEO and Executive Director
Sector focus
Frequently asked questions
How does Hadassah allocate capital between its US operations and its holdings in Israel?
Hadassah channels the bulk of its donor-sourced capital into its Israeli medical infrastructure, principally the Hadassah Medical Organization campuses at Ein Karem and Mount Scopus. A portion of funding supports ancillary assets such as the Hadassah-Neurim and Meir Shfeyah Youth Aliyah villages. The organization maintains its US headquarters in New York, which drives membership, advocacy, and fundraising operations, creating a structure where the US entity acts as the capital-raising and distribution hub for Israeli operating assets.
What is Hadasit and how does it fit into the organization's investment posture?
Hadasit is Hadassah's technology-transfer and commercialization arm, responsible for monetizing medical research and intellectual property developed at the Hadassah Medical Organization. It operates as a portfolio manager for hospital-originated IP, spanning diagnostics, therapeutics, and medical devices. This adds a direct commercial-research return stream to what is otherwise a donor-funded and real-asset-heavy balance sheet.
Does Hadassah participate in direct real estate investments beyond its hospital campuses?
Hadassah's real estate footprint is concentrated on its hospital campuses in Jerusalem and its Youth Aliyah villages in Israel, with its National Headquarters occupying leased space at 40 Wall Street in New York. There is no public evidence of a dedicated external real estate investment program or fund. The organization functions primarily as an owner-operator of mission-specific properties rather than a diversified real asset investor.
How is Hadassah's governance structured between its lay leadership and professional management?
Hadassah is governed by a volunteer National President — currently Carol Ann Schwartz as of 2024 — alongside a professional executive team led by CEO and Executive Director Naomi Adler. The National President oversees policy, mission, and board-level strategy, while the CEO manages day-to-day operations, including the relationship with the Hadassah Medical Organization and the organization's professional funder network memberships.
Is Hadassah's endowment invested in external funds or solely in owned operating assets?
Hadassah's known balance sheet is dominated by directly owned operating assets: two hospitals, two youth villages, and the Hadasit IP portfolio. The organization has not publicly disclosed a liquid endowment pool allocated to external fund managers. While the Hadassah Foundation, a separate 501(c)(3), acts as a grant-making vehicle, there is no evidence that the parent organization operates a conventional outsourced CIO model or fund-of-funds program.
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