PARSIPPANY — Monica Kaden, MBA, ASA, Director, Marks Paneth LLP, was recently named a Trustee of The Healthcare Foundation of New Jersey.
The Healthcare Foundation of New Jersey has an endowment of $170 million and grants between $7-$8 million to healthcare organizations in Newark and Essex and Morris counties.
“It is a great pleasure and honor to be a trustee for this prestigious foundation that works hard to improve the healthcare of vulnerable populations,” states Ms. Kaden.
Every year the trustees of the Foundation have the responsibility to evaluate grant applications from not for profit health care organizations, meet with grantees, and then make decisions regarding the allocation of grant funds.
According to Ms. Kaden, ” this Foundation does great work and last year donated almost $8 million to programs for veterans, children, those with disabilities, and more.”
Ms. Kaden is an accredited senior appraiser (“ASA”) with the American Society of Appraisers. She has been performing business valuations for two decades and has focused her valuation practice in the healthcare industry. She specializes in valuing medical practices, ambulatory surgery centers and other health care entities, and has been qualified as a healthcare valuation expert. Her articles have appeared in various business and trade publications and she is a frequent presenter at accounting, legal and other professional organizations.
Ms. Kaden’s practice provides services to hospitals, physicians, free standing ambulatory centers, and other entities that must comply with health care regulation.
The Healthcare Foundation of New Jersey, originally called The Beth Israel Foundation, was established in 1996, when Newark Beth Israel Medical Center (NBIMC) was sold to the Saint Barnabas Corporation after a proud history of providing quality care and a humanistic environment to people of all backgrounds in greater Newark who came to the hospital for treatment or for employment. The Foundation attempts to enhance and provide a new perspective on healthcare and health-related problems and, where appropriate, seeks to provide leadership in identifying problems and in seeing that such problems are studied. The Foundation seeks collaborations with organizations and institutions in both the Jewish and general communities to study problems, develop solutions, and provide funding to make those solutions a reality. To achieve these ends, and to ensure that Foundation funds are used as effectively as possible, the Foundation has developed and from time to time refines standards for the consideration of proposals and the evaluation of results. Flexibility is key: not only to respond to developments in healthcare with appropriate grants, but to identify new areas of concern and different approaches to improving the health of vulnerable populations and create funding initiatives to meet those new concerns.
