Overview
What is Global Health Investment Corporation?
The Global Health Investment Corporation, a social welfare organization based in New York City, is committed to enhancing global health and health equity through the development of technologies. Acting as the general partner and managing member of the Global Health Investment Fund I, the organization raised $108.365 million in capital commitments in 2013. Over the years, they have invested in various portfolio investments, managing their companies' investments, generating revenue, and distributing funds to themselves and other limited partners. In 2019 and 2021, they made limited partner investments in other funds. In addition, they entered into an agreement with the U.S. Department of Health and Human Services to carry out activities fostering the development and innovation of medical countermeasures, receiving significant funding for these activities. The organization also established a wholly-owned LLC to invest in biotechnology companies and other organizations within their mission scope, making investments with BARDA and MITRE funding. Their mission is to catalyze the development of technologies to improve global health and health security.
Official website here: www.ghicfunds.org
What are the reviews and ratings of this charity?
The Global Health Investment Corporation is not currently rated by Charity Navigator. This is primarily because the organization is not registered as a 501(c)(3) nonprofit with the IRS, which is a requirement for evaluation by various Charity Navigator methodologies, including Accountability & Finance and Impact & Measurement.
Without a formal Charity Navigator rating, it's difficult to provide a definitive assessment of the organization's strengths or weaknesses in areas such as financial accountability, impact, and adaptability. The lack of data on revenue, expenses, and key personnel salaries adds to the challenge of evaluating its operational effectiveness.
There are no user reviews available for the Global Health Investment Corporation on GreatNonprofits, leaving a gap in community feedback that might have offered insights into the organization's impact or reputation among those familiar with its work.
This AI summary has been generated from information found on Charity Navigator.
Is Global Health Investment Corporation legitimate?
Global Health Investment Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Global Health Investment Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $862,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,611,238
For more financial information, click here
Official website here: www.ghicfunds.org
What is the mission statement of Global Health Investment Corporation?
The Global Health Investment Corporation is organized for social welfare purposes, with a focus on improving global health and health equity, as well as strengthening global health security. The organization fulfills its mission by advancing the development of technologies that address global health challenges, including therapeutic drugs, vaccines, preventatives, diagnostics, and other products or services. In pursuit of its mission, the Global Health Investment Corporation has made various investments as a limited partner in various funds and entered into agreements with organizations such as the U.S. Department of Health and Human Services' Biomedical Advanced Research and Development Authority (BARDA) to foster and accelerate the development and innovation of medical countermeasures. Through these collaborations, the organization has received funding to support its activities and make investments in biotechnology companies.
Official website here: www.ghicfunds.org
Who is the CEO of Global Health Investment Corporation?
Labeeb Abboud is the Chairman And Ceo of Global Health Investment Corporation. The CEO's salary of Global Health Investment Corporation is $700,099 and their total compensation is $762,306.
Official website here: www.ghicfunds.org
What is the revenue of Global Health Investment Corporation?
Global Health Investment Corporation's revenue in 2022 was $69,598,791.
Official website here: www.ghicfunds.org
Who are the executives of Global Health Investment Corporation and what are their salaries?
Here are 9 key members and their salaries (Global Health Investment Corporation's CEO's salary is $700,099 and their total compensation is $762,306):
- Compensation: $700,099
- Related: $0
- Other: $62,207
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $21,542
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $113,070
- Related: $0
- Other: $515
- Compensation: $300,000
- Related: $0
- Other: $35,348
- Compensation: $286,364
- Related: $0
- Other: $39,977
- Compensation: $281,061
- Related: $0
- Other: $32,177
Official website here: www.ghicfunds.org
Where can I find the form 990 for Global Health Investment Corporation?
Global Health Investment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ghicfunds.org
Learn more at the official website: www.ghicfunds.org
Mission Statement of Global Health Investment Corporation
The Global Health Investment Corporation, a social welfare organization, is dedicated to improving global health and health equity. It achieves this mission by catalyzing the development of technologies that address various health challenges. The organization has made significant strides in this regard, having successfully raised capital for the Global Health Investment Fund I, managing its investments, and generating revenue and distributions for the fund and its partners.
Beyond financial investments, the Global Health Investment Corporation also seeks collaborative partnerships to foster and accelerate the development and innovation of medical countermeasures. One such partnership is with the U.S. Department of Health and Human Services Office of the Assistant Secretary for Preparedness and Response's Biomedical Advanced Research and Development Authority (BARDA). Through this relationship, the organization has received funding to carry out activities that align with their mission, such as making venture investments in biotechnology companies and other organizations developing technologies within their focus area.
By investing in and supporting the growth of these companies, the Global Health Investment Corporation plays a vital role in promoting global health security and advancing the development of essential technologies that can help address significant health threats. Through their collaborative partnerships and strategic investments, they continue to make a positive impact on improving health outcomes and promoting health equity for populations around the world.
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Impact
October, 2024
Global Health Investment Corporation (GHIC) has made a significant impact on global health through strategic investments and partnerships aimed at addressing pressing health challenges. By managing the Global Health Investment Fund, GHIC has successfully facilitated capital commitments exceeding $108 million, supporting the development of crucial therapeutic drugs, vaccines, diagnostics, and medical countermeasures. These investments target global health security threats, aiming to enhance health equity for underprivileged populations.
GHIC has engaged in innovative funding models, such as its collaboration with the U.S. Department of Health and Human Services' BARDA, which resulted in over $85 million in funding to accelerate medical technologies' development. This funding has enabled GHIC to invest in promising biotechnology companies, driving advancements that address health and security needs. Their partnerships also include strategic arrangements with entities like the MITRE Corporation, amplifying funding and investment capacity to further enhance global health technologies.
Through its active portfolio management and investment strategy, GHIC fosters innovation in healthcare, supports the growth of essential health technologies, and ultimately contributes to the improvement of health outcomes across diverse populations worldwide.
This information is meant to be a general summary of Global Health Investment Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $762,001
- Program Service Revenue: $70,556
- Gross Receipts: $69,598,791
Assets and Liabilities:
- Total Assets: $172,792,060
- Total Liabilities: $7,506,598
- Net Assets: $165,285,462
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$70,556
Organization Details
Founding Year
2012
Phone
(646) 755-1981Principal Officer
Labeeb Abboud
Main Address
500 FIFTH AVENUE SUITE 5120, NEW YORK, NY, 10110
Website
www.ghicfunds.orgNTEE Category
Code: E12 - Health
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