Formed as a result of the 1996 sale of Cleveland’s Mt. Sinai Medical Center and related hospitals, The Mt. Sinai Health Foundation is an independent grantmaker affiliated with the Jewish Community of Cleveland. The Foundation’s purpose is to assist Greater Cleveland’s organizations and leaders to improve the health and well-being of the Jewish and general communities now and for generations to come. Among its strategic grantmaking objectives is to advance academic medicine and bioscience, to both expand the bioscience sector of the regional economy and further Cleveland’s prominence in this area. The Foundation’s assets at December 31, 2013, exceeded $150 million.