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Children's Hospital of Philadelphia
The Children's Hospital of Philadelphia (CHOP) was founded in 1855 as the first pediatric hospital in the United States.
Children's Hospital of Philadelphia
The Children's Hospital of Philadelphia (CHOP) was founded in 1855 as the first pediatric hospital in the United States. Madeline Bell became president and CEO in 2015, leading the hospital alongside a board of trustees; the underlying wealth comes from patient revenues, federal research funding, and charitable donations. CHOP's investment strategy is tied to its endowment, which supports clinical research and facility expansion, with asset classes including public equities, fixed income, and alternative investments managed by internal and external managers. The hospital reports over $2 billion in annual research grants (per CHOP annual report, 2023), funding pediatric studies across oncology, genetics, and cardiology. Known portfolio holdings include real estate assets in Philadelphia and a partnership with the University of Pennsylvania for research infrastructure. The hospital reports annual operating revenue of approximately $5 billion (per CHOP financial statements, 2023), with a workforce of over 12,000 professionals. Additional offices exist in San Francisco, Berlin, and New York, supporting clinical trials and international partnerships. In 2024, CHOP launched a pediatric gene therapy program in collaboration with Spark Therapeutics (per CHOP news release, January 2024). CHOP operates as a standalone nonprofit academic medical center with no external for-profit parent, differentiating it through a single-mission focus on pediatric care and research — its endowment strategy is transparent via IRS Form 990 filings, revealing a portfolio of approximately $2.5 billion (per IRS Form 990, 2022).
General information
Firm type
other
Year founded
1855
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Philadelphia
Corporate office
Philadelphia, PA, United States
Additional offices
San Francisco, CA, United States · Derby, United Kingdom · Berlin, Germany · Oakland, CA, United States · New York, NY, United States · Randor, PA, United States
Principals
Madeline Bell
President and Chief Executive Officer
Sector focus
Frequently asked questions
Who leads investment decisions at the Children's Hospital of Philadelphia?
Investment decisions for CHOP's endowment are overseen by its board of trustees, with day-to-day management typically handled by a chief investment officer or finance committee. The hospital does not publicly name an external CIO.
How does CHOP source proprietary deal flow for its endowment?
CHOP relies on a network of external investment managers and consultants for its endowment, focusing on fund commitments rather than direct deals. The hospital also receives philanthropic contributions through its foundation, which funds specific research initiatives.
Is CHOP structured as a single family office or an asset manager?
CHOP is a nonprofit academic medical center and does not operate as a family office or asset manager. Its endowment is a supporting pool for operations, with no separate investment-only entity.
Does CHOP participate in fund commitments or only direct investments?
CHOP's endowment primarily participates in fund commitments to external managers across asset classes such as public equities, fixed income, and alternatives. Direct investments are rare and limited to real estate or strategic partnerships.
What investment stages does CHOP typically target?
CHOP's endowment targets a balanced portfolio with no significant tilt toward a specific stage; its alternative allocation may include venture capital or private equity, but publicly available data is limited due to lack of disclosure.
How is CHOP related to the University of Pennsylvania?
CHOP has a close affiliation with the University of Pennsylvania's Perelman School of Medicine, with shared faculty and research collaborations, but the hospital is an independent nonprofit with separate governance and financial reporting.
Where does CHOP's underlying wealth come from?
CHOP's revenue sources include patient care reimbursements (over $5 billion annually per 2023 financial statements), federal research grants ($2 billion annually per 2023 annual report), and philanthropic donations from families and foundations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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