Philips Foundation 2024 Annual Report: expanding access to quality healthcare for 46.5 million people

Core Insights - Philips Foundation celebrated its tenth anniversary, reporting that it provided access to quality healthcare for 46.5 million people in 2024, a significant increase from 28 million in 2023 [1][2][7] - The Foundation launched 22 new initiatives and made 5 new early-stage capital impact investments to address non-communicable diseases and maternal health challenges in underserved communities [2][4][7] - The Foundation aims to reach 100 million people annually by 2030, emphasizing the importance of locally embedded innovation and flexible financing models [5][7][8] Summary by Sections Annual Report Highlights - The 2024 Annual Report indicates a substantial increase in the number of people served, from 28 million to 46.5 million [1] - The report reflects the Foundation's commitment to vulnerable populations and its strategic collaborations [3][5] Initiatives and Investments - Philips Foundation's efforts included 22 new projects and 5 new impact investments, focusing on healthcare delivery in India and South America [2][4][7] - The Foundation's approach combines long-term collaborations with innovative partnerships to enhance healthcare access [5][7] Future Goals - The Foundation aims to improve healthcare access for 100 million people annually by 2030, reinforcing its commitment to scalable healthcare models [5][8] - The focus remains on leveraging local innovation and partnerships to create sustainable healthcare solutions [4][6]