The study explores the association between debt financing level of medical foundations and certified public accountants' (CPAs) gender in Taiwan. We also discuss the role of chairmen's gender on the debt financing level of medical foundations. The empirical results suggest that the relationship between debt financing level of medical foundations and audited by female CPA is significantly negative. When considering the effect of board of director chairmen's gender on leverage, we also find that medical foundations with both female chairmen and established by religion groups usually have higher debt financing level than others.