Founded in 1954 by Harold H. Kynett in memory of his wife, Edna, the primary purpose of the Kynett Memorial Foundation is the "scientific study, prevention, early diagnosis and alleviation of diseases of the human heart and circulatory system; and for the training of students, general practitioners and specialists in that field of medicine."

Recent, major grants have supported educational programs for primary care practitioners in teaching or community hospitals in the Delaware Valley and community-based ventures that aim to improve cardiovascular health. Other grants have supported local conferences and clinical research projects.