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Andy Hill Cancer Research Endowment (CARE) Fund
Investing in cancer research to improve the quality of life for the people of Washington | The Andy Hill Cancer Research Endowment (CARE) Fund was created in...
Andy Hill Cancer Research Endowment (CARE) Fund
Investing in cancer research to improve the quality of life for the people of Washington | The Andy Hill Cancer Research Endowment (CARE) Fund was created in 2015 to promote and invest in cancer research to improve the quality of life for the people of Washington.
General information
Firm type
Endowment
Year founded
2015
Location
Region
North America
Country
United States
City
Bethesda
Corporate office
Bethesda, MD, United States
Sector focus
Frequently asked questions
Who runs investment oversight for the CARE Fund?
The endowment is governed by a board that includes the Washington State Treasurer, the dean of the University of Washington School of Medicine, and appointed scientific and public members. Investment management of the underlying corpus is handled through contracted institutional managers under board oversight, with no dedicated internal investment office publicly disclosed.
Which institutions are eligible to receive CARE Fund grants?
Grants are restricted to non-profit research organizations within Washington State. Known recipients include Fred Hutchinson Cancer Center, the University of Washington, and Seattle Children's Research Institute.
Does the CARE Fund take equity positions or invest directly in biotech companies?
No. The CARE Fund does not operate as a venture investor. It awards research grants — never equity — and all funding decisions flow through a peer-reviewed scientific evaluation process.
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