Masimo Foundation
/OVERVIEW: The Masimo Foundation supports organizations that advocate for greater ethics in healthcare delivery, improved access to affordable healthcare and innovation in healthcare solutions. It mainly focuses its research grants on improving patient safety and outcomes; however the foundation also awards grants for disease research.
IP TAKE: The Masimo Foundation supports a broad range of applied research on patient safety and healthcare innovation and prioritizes large or well-established universities and medical institutes. This funder does not place geographic restrictions on its grantmaking, but more than half of all grants fund U.S.-based organizations.
This funder is accessible, and somewhat approachable. Grantseekers working in the foundation’s areas of interest may submit a letter of inquiry of up to three pages for consideration. Its grantmaking space is crowded, however, since it likes to help its grantees grow long-term by providing them with multi-year support.
PROFILE: Based in Irvine, California, the Masimo Foundation, or the Masimo Foundation for Ethics, Innovation, and Competition in Healthcare, seeks to “encourage and promote activities, programs, and research opportunities that improve patient safety and deliver advanced healthcare to people worldwide who may not otherwise have access to lifesaving technologies.” 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. Grantmaking focuses “on improving patient care, preserving patient dignity and reducing cost of care.”
Grants for Public Health and Global Health
The foundation’s public and global health grantmaking is sourced from two separate initiatives: the Ensuring Fair and Unbiased Competition in the Healthcare Industry program and the Elevating the Importance of Ethics in the Delivery of Healthcare program. The former supports research, programs and initiatives that “expose misaligned incentives, inefficiencies, and inequities that undermine access and cost-effectiveness of healthcare,” and “explore ways to achieve better healthcare at a lower cost through healthy and robust market competition.” The latter program works to “promote ethical conduct across healthcare delivery systems in order to consistently put the needs of patients before individual, institutional, or corporate interests.” Masimo’s global health grantmaking does not impose geographic restrictions but has prioritized Africa in recent years. Past health grantees include Patient Safety Movement Coalition Incorporated, National Patient Safety Foundation, March of Dimes Birth Defects Foundation, Anaheim Community Foundation and The Reset Foundation.
Grants for Science Research
The foundation’s Fostering Innovation and Discovery program awards research grants to organizations that aim to transform the practice of medicine through innovation in disease treatment, the use of technology to improve healthcare and the development of new medical protocols toward improved patient safety. A past research grantee is the Brett Tashman Foundation, which received funding to support desmoplastic small round cell tumor, a rare type of sarcoma. Other previous grantees include Chapman University, the Campanile Foundation, and the Children’s Hospital Medical Center.
Important Grant Details:
Grant amounts range widely from $10,000 to $250,000. Most Masimo grants, however, fall in the $25,000 to $100,000 range. The foundation “[p]refers to make grants of $25,000 or more, though it makes considerations for smaller grants starting 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. Selected applicants will be invited to submit full proposals. Prospective grantees are advised to read the foundation’s grantmaking guidelines before submitting a letter of inquiry.
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