OVERVIEW: The Masimo Foundation supports organizations that advocate for greater ethics in healthcare delivery, improved access to affordable healthcare, and innovation in healthcare solutions.
IP TAKE: Foundation-wide, Masimo prioritizes large or well-established organizations in its grantmaking. Organizations new to the global health may find it difficult to gain this funder’s attention. This makes it crucial for grantseekers to highlight how their project engages one or more of Masimo’s areas of interest.
PROFILE: The Masimo Foundation’s full name is the Masimo Foundation for Ethics, Innovation, and Competition in Healthcare. It seeks to improve patient care and reduce the cost of healthcare. The foundation's areas of grantmaking interest intend to “[c]reate pathways for new lifesaving discoveries and inventions, and improve access to cost-effective, innovative healthcare solutions.” The foundation supports projects that help to ensure equitable competition in the healthcare industry, improving the level of importance of ethics in healthcare delivery and fostering innovation in healthcare.
More specific areas of interest include new innovations to treat diseases, solutions for unmet healthcare needs, lowering the overall cost of healthcare through increased market competition, and projects that put patient needs above all other interests.
Masimo's global health grantmaking does not impose geographic restrictions but tends to prioritize Africa. Its grants range from $10,000 to $250,000, but most grants range between $25,000 to $100,000. According to the foundation’s website, it “[p]refers to make grants of $25,000 or more,” but it will consider smaller grants which begin at $5,000.
Masimo offers both one-year and multi-year grants and accepts unsolicited requests for funding, beginning with a brief letter of inquiry not exceeding three pages long. Grant applications are accepted throughout the year.
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