Endowment / Foundation

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Imperial Health Charity

Imperial Health Charity operates as the statutory NHS charity for Imperial College Healthcare NHS Trust, one of Britain's largest teaching hospital groups.

Imperial Health Charity logo

Imperial Health Charity

Imperial Health Charity operates as the statutory NHS charity for Imperial College Healthcare NHS Trust, one of Britain's largest teaching hospital groups. Governed by a board chaired by Dr Andreas Raffel — a senior advisor at Rothschild & Co and former Morgan Stanley executive vice chairman — the charity channels private philanthropic capital into a public health system. Its income streams combine donor contributions with returns from a permanent endowment that includes commercial properties on Winsland Street, Enford Street, and the Burlington Danes development in London. The charity's deployment spans three interconnected mandates. Clinical research funding flows through fellowships co-invested with the NIHR Imperial Biomedical Research Centre, supporting healthcare professionals pursuing translational science. Capital grants fund physical infrastructure across the Trust's five hospitals — Charing Cross, Hammersmith, Queen Charlotte's & Chelsea, St Mary's, and Western Eye. A third arm operates direct charitable interventions, including the Dresden Hardship Fund and The Newson Fund, which provide emergency financial relief to patients and NHS staff. The charity also stewards the Imperial Health Charity Art Collection, an accredited museum distributed across hospital sites, and holds a box at the Royal Albert Hall. Structurally, the charity participates in the Maddox Group of NHS Charities, a CEO-level collaborative of the UK's largest hospital charities focused on shared impact measurement (per the firm's official communications). Its sector presence extends beyond healthcare: the art collection holds Accredited Museum status from Arts Council England, and the charity is a registered member of both the Fundraising Regulator and the 360Giving open-data initiative for grant transparency. What distinguishes Imperial Health Charity from a conventional grantmaking foundation is its hybrid landlord-custodian-philanthropist architecture. It derives income from a real estate portfolio it directly owns, deploys that income through both institutional research partnerships and direct hardship funds, and maintains cultural assets that operate as a distributed public museum — a convergence of endowment management, hospital operations, and arts programming within a single charitable vehicle governed by a former investment banking executive.

General information

Firm type

Endowment / Foundation

Year founded

2009

AUM

Undisclosed

Location

Region

Europe

Country

United Kingdom

City

London

Corporate office

London, United Kingdom

Principals

Dr Andreas Raffel

Chair of Trustees

Sector focus

Healthcare ServicesReal EstateArts & Culture

Frequently asked questions

What is the relationship between Imperial Health Charity and Imperial College Healthcare NHS Trust?

Imperial Health Charity is the dedicated statutory NHS charity for the Trust. It operates as an independent charitable entity governed by its own board of trustees but exists solely to support the Trust's hospitals and patients. The charity funds capital projects, clinical research, and staff support programs that fall outside core NHS funding.

How does the charity fund its grantmaking and capital projects?

The charity maintains a permanent endowment that includes commercial real estate holdings in central London. Income from these properties, combined with active fundraising and donor contributions, supports its annual deployment. The endowment portfolio is managed internally, overseen by a board chaired by a former Morgan Stanley investment banker.

What is the Imperial Health Charity Art Collection and how is it used?

The collection holds Accredited Museum status from Arts Council England — unusual for a hospital charity. Works are displayed across all five hospitals in the Trust, serving both therapeutic and cultural purposes for patients, visitors, and staff. The collection is a distinct asset class within the charity's portfolio, preserved and curated rather than sold.

Does the charity provide direct financial assistance to individuals?

Yes, through the Dresden Hardship Fund and The Newson Fund. These programs offer emergency grants to patients facing financial crisis and to NHS staff experiencing unexpected hardship. The funds operate as targeted interventions distinct from the charity's institutional research and infrastructure grants.

Who governs investment decisions at Imperial Health Charity?

The board of trustees holds ultimate fiduciary responsibility, chaired by Dr Andreas Raffel. His professional background includes senior advisory roles at Rothschild & Co and an executive vice chairman position at Morgan Stanley, bringing institutional investment experience to the charity's endowment management — though the charity does not disclose its investment committee structure publicly.

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