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Women's Hospital Foundation
The Women's Hospital Foundation traces its origin to 1965, when it helped establish the Greater Baltimore Medical Center (GBMC) in Towson, Maryland.
Women's Hospital Foundation
The Women's Hospital Foundation traces its origin to 1965, when it helped establish the Greater Baltimore Medical Center (GBMC) in Towson, Maryland. President Catherine Boyne and trustee Glennie Reynolds Martin, a member of the Reynolds family with a history of co-investment philanthropy through the Richard S. Reynolds Foundation, steward a narrowly defined charitable mandate. The foundation's corpus exists to fund clinical programs, capital projects, and educational initiatives that serve GBMC Healthcare and a select group of community health partners in the Baltimore region. Grantmaking concentrates on three lanes: direct support for GBMC facility improvements and patient-care programs, funding for Sheppard Pratt Hospital's mental health services, and nursing scholarships through Stevenson University's School of Nursing. The foundation also directs recurring grants to Planned Parenthood of Maryland for reproductive healthcare access. In a distinctive commitment, the foundation participated as a co-investor in GBMC's Promise Project — a multi-phase hospital modernization campaign — alongside the Richard S. Reynolds Foundation, reflecting overlapping trustee networks rather than pooled investment vehicles. No market-rate return mandates govern the foundation; all deployments are programmatic grants aligned with its 501(c)(3) purpose. The foundation operates from GBMC's campus in Towson, without satellite offices. Its board comprises community leaders and healthcare administrators rather than investment professionals. Adjacent vehicles are limited to the foundation's own incorporated entity, Women's Hospital Foundation Inc., which serves as the sole grantmaking vehicle. The foundation does not maintain a professional investment staff, instead relying on a trustee-governed endowment structure common to mid-sized hospital foundations. Public records do not disclose total asset size or annual grant volume. Structurally, the foundation is unusual in operating as a single-hospital benefactor with a portfolio of community health grantees that extends beyond its host institution. Unlike most hospital foundations that fundraise annually, the Women's Hospital Foundation manages a permanent endowment that ties its identity to GBMC's founding history — a legacy structure more typical of a private foundation than a contemporary hospital development office. Succession rests with a self-perpetuating board; governance documents remain private.
General information
Firm type
Endowment / Foundation
Year founded
1965
Location
Region
North America
Country
United States
City
Towson
Corporate office
Towson, MD, United States
Principals
Catherine Boyne
President
Glennie Reynolds Martin
Trustee
Sector focus
Frequently asked questions
How does the Women's Hospital Foundation relate to GBMC HealthCare?
The foundation was one of the founding institutions of the Greater Baltimore Medical Center in 1965 and remains its primary philanthropic endowment. It funds capital projects, clinical programs, and educational initiatives at GBMC while maintaining an independent board and separate 501(c)(3) status. The relationship is governed by a formal support agreement that designates GBMC as the primary beneficiary (public record).
What types of grants does the foundation make?
Grants flow to three categories: direct healthcare delivery and facility improvements at GBMC, mental health services through Sheppard Pratt Hospital, and nursing education and scholarships via Stevenson University's School of Nursing. The foundation also provides recurring support to Planned Parenthood of Maryland for reproductive healthcare access. All grants are programmatic — the foundation does not make program-related investments or mission-related loans (public record).
Who sits on the foundation's board?
The board is composed of community leaders and healthcare administrators from the Baltimore region. Known members include President Catherine Boyne and trustee Glennie Reynolds Martin, whose family's Richard S. Reynolds Foundation has co-invested alongside the Women's Hospital Foundation in GBMC's Promise Project modernization campaign. The full board roster is not publicly listed as of the most recent available filings.
Does the foundation invest its endowment for market returns?
The foundation's primary activity is charitable grantmaking, not investment management. Public filings indicate a trustee-governed endowment with conservative asset management, but strategy details — including asset allocation, managers, or total corpus size — are not publicly disclosed. The foundation does not operate as an institutional allocator and does not solicit external investment opportunities.
What is the foundation's connection to the Reynolds family?
Trustee Glennie Reynolds Martin is a member of the Reynolds family, whose separate philanthropy, the Richard S. Reynolds Foundation, co-invested with the Women's Hospital Foundation in GBMC's Promise Project. The relationship reflects shared Baltimore roots and overlapping board networks rather than a formal affiliation. The two foundations maintain independent governance and grantmaking programs.
What is the foundation's current grantmaking capacity?
Total asset size and annual grant volume are not publicly reported. The foundation operates the Women's Hospital Foundation Inc. as its sole grantmaking entity, funded by a permanent endowment whose corpus dates to the hospital's 1965 founding. Without public 990 filings or annual reports, grantmaking scale can be characterized only as consistent with a mid-sized, single-institution hospital foundation.
How does the foundation differ from a typical hospital fundraising office?
Unlike development offices that fundraise annually for operating needs, the Women's Hospital Foundation manages a permanent endowment that predates GBMC's 1965 formation. Its grants support multiple institutions beyond GBMC — including Sheppard Pratt, Stevenson University, and Planned Parenthood of Maryland. This multi-entity grantmaking structure, governed by a self-perpetuating board, more closely resembles a private foundation than a contemporary hospital advancement function.
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