Sinai Health Foundation

Sinai Health Foundation

Sinai Health Foundation formed alongside the 2015 merger that created Sinai Health System, uniting acute-care Mount Sinai Hospital, rehabilitation-focused Hennick Bridgepoint Hospital, the Lunenfeld-Tanenbaum Research Institute, and community-care partner Circle of Care. Richard Pilosof, CEO of fixed-income manager RPIA, chairs the foundation board; Andrew Hoffman, CEO of developer CentreCourt, chairs the system board — embedding real asset and capital-markets expertise into governance. The donor roster reads like a roster of Canadian corporate anchors: Gerald Schwartz of Onex, Jay Hennick of Colliers, Larry Tanenbaum of Maple Leaf Sports & Entertainment, and Ira Gluskin of Gluskin Sheff. The foundation stewards an investment portfolio and physical assets that include the Renew Sinai Phase 3A mixed-use redevelopment at 600 University Avenue in Toronto. Capital flows support Lunenfeld-Tanenbaum's translational research bench, Mount Sinai's high-acuity clinical programs, and Hennick Bridgepoint's complex continuing-care model — Canada's largest. Donor-directed funds and major-gift commitments provide the deployment pipeline rather than periodic fund closes. The foundation maintains Imagine Canada accreditation through its Standards Program. Day-to-day operations sit within a 9,000-person ecosystem of employees, physicians, scientists, and volunteers spanning the four partner entities. While the foundation discloses no AUM number publicly, the concentration of board-level wealth — Onex alone manages roughly $50B in assets — signals substantial capital-aggregation capacity. Philanthropic extensions include the Arthritis Research Foundation and Hennick Bridgepoint Foundation. What distinguishes Sinai Health Foundation structurally is its dual mandate as both a fundraising vehicle and a real estate operator: Renew Sinai Phase 3A embeds a commercial mixed-use asset directly into the institution's balance sheet, generating operating income alongside donor capital. The pairing of hospital-anchored real estate with a multi-family-office-grade donor governance model — Pilosof and Hoffman both run active investment firms — creates an architecture that blends charitable capital with institutional asset management.