Michigan Health Endowment Fund
Michigan Health Endowment Fund: CEO salary, finances and where donations go
“The mission of the Michigan Health Endowment Fund is to improve the health of michigan residents, with special emphasis on the health and wellness of children and seniors, while reducing the cost of health care.”
Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.
Methodology by Amir Arani, CPA, CA · Updated
- Top pay
- $368K Neel Hajra, 0.8% of spending
- Revenue
- $116.1M 86.2% from donations and grants
- Spent
- $46.8M 93.3% on programs, as reported
- Net assets
- $565.1M end of 2024
- Savings
- 144.9 months of spending, net assets ÷ spending
- People
- 27 employees
No red flags in its latest filing.
We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.
No reported asset diversions, no insider transactions, no fundraisers keeping most of the money, and the governance policies we check for are in place.
Of each dollar it spent, 93.3¢ went to programs, as reported.
For each dollar donated, Michigan Health Endowment Fund spent 0¢ on fundraising.
Fundraising ÷ $100.0M contributions · Form 990 Parts VIII, IXNet assets: $61.2M to $565.1M in 10 years.
Net assets at each fiscal year end, 2014 to 2024.
The 8 highest-paid people.
Reportable pay in 2024, from the charity and related organizations.
| Contractor | Service | Paid |
|---|---|---|
| Northern Trust | Investment advisory | $999,198 |
| Catchafire Inc | Grantee capacity building services | $642,750 |
| Michigan Nonprofit Association | Nonprofit it capacity building | $379,127 |
| The Regents of the University of Michigan | Program support contracts | $253,397 |
| Meadows Mental Health Policy Institute for Texas | Behavioral health model implementation evaluation | $200,000 |
The questions people ask about the Michigan Health Endowment Fund.
Short, sourced answers. Each one stands on its own.
How much does the Michigan Health Endowment Fund CEO make?
Neel Hajra, Chief Executive Officer, received $368,260 in reportable compensation in 2024, 0.8% of Michigan Health Endowment Fund's $46.8M in spending.
Form 990 (2024), Part VIIWhat percentage of Michigan Health Endowment Fund donations go to programs?
Michigan Health Endowment Fund reported 93.3% of 2024 spending as programs, 0% as fundraising and 6.7% as management.
Form 990 (2024), Part IXHow much money does Michigan Health Endowment Fund have?
Net assets were $565.1M at the end of 2024, about 144.9 months of spending.
Form 990 (2024), Part XDoes Michigan Health Endowment Fund have any red flags in its filing?
Its latest Form 990 triggered none of our twelve screening rules, which cover reported asset diversions, insider transactions, fundraiser costs, governance policies and spending patterns.
Form 990 (2024)Every number, traced.
- Michigan Health Endowment Fund Form 990, 2024 (IRS e-file)
- Michigan Health Endowment Fund Form 990 history (ProPublica Nonprofit Explorer)
Amir Arani, “Michigan Health Endowment Fund: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/michigan-health-endowment-fund/