Endowment / Foundation

Updated:

Saint Peter’s Healthcare System (SPHC)

Headquartered in New Brunswick, NJ, Saint Peter's Healthcare System provides 150 plus healthcare services through its 27 plus centers and facilities.

Saint Peter’s Healthcare System (SPHC)

Headquartered in New Brunswick, NJ, Saint Peter's Healthcare System provides 150 plus healthcare services through its 27 plus centers and facilities. Learn more!

General information

Firm type

Endowment / Foundation

Year founded

2007

Location

Region

North America

Country

United States

City

New Brunswick

Corporate office

New Brunswick, NJ, United States

Principals

Leslie D. Hirsch

President and CEO

Bishop James F. Checchio

Bishop of the Diocese of Metuchen

Sector focus

Healthcare Services

Frequently asked questions

Who runs investment decisions at Saint Peter’s Healthcare System?

The system’s investment portfolio—marketable securities, alternative investments, and commingled funds—is managed internally by the leadership team under President and CEO Leslie D. Hirsch. The system does not publicly name a dedicated CIO or investment committee.

How does Saint Peter’s source its investment capital?

Capital comes from retained earnings from healthcare operations, donations via Saint Peter’s Foundation, and any returns from the investment portfolio. The system does not publicly disclose external fundraising or external investment vehicles.

How is Saint Peter’s related to the Roman Catholic Diocese of Metuchen?

The Diocese of Metuchen is the sponsor of Saint Peter’s Healthcare System. The Bishop of Metuchen, James F. Checchio, oversees the system’s Catholic identity and certain reserved powers, distinguishing it from independent non-profits.

Where does the wealth underlying the investment portfolio come from?

The portfolio is funded by the healthcare system’s operating surpluses and philanthropic donations. No personal or family wealth is involved. The system is a non-profit, Catholic institution.

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