# Andy Hill Cancer Research Endowment (CARE) Fund

Andy Hill Cancer Research Endowment (CARE) Fund is an Endowment based in Bethesda, United States.

## Overview

- **Organization type:** Endowment
- **Headquarters:** Bethesda, United States
- **Region:** North America
- **Address:** Bethesda, MD, United States
- **Founded:** 2015
- **Assets under management:** Under $300M (Altss estimate)
- **Website:** carefund.wa.gov
- **LinkedIn:** https://www.linkedin.com/company/wacarefund

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare Services

## 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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- [Boston Harbor Angels](https://altss.com/profile/boston-harbor-angels)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/andy-hill-cancer-research-endowment-care-fund

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