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Boniface Foundation
Boniface Foundation was established in 1999. It converted to independent status in 2017 after its original tie to St. Anthony's Medical Center.
Boniface Foundation
Boniface Foundation was established in 1999. It converted to independent status in 2017 after its original tie to St. Anthony's Medical Center. The foundation directs resources toward health services and scholarships for children of former St. Anthony's employees in St. Louis city and county. The foundation holds a diversified portfolio of corporate stocks, corporate bonds, and government obligations. It has funded the David M. Sindelar Cancer Center at Mercy Hospital South and labor and delivery renovations at the same hospital. Additional commitments include a position in Park Street Capital Private Equity Fund VIII and board involvement with KFS Development. Activity remains concentrated in the Midwest United States with limited exposure outside Missouri. Assets total $285 million. The foundation maintains relationships with NISA Investment Advisors for portfolio management and with Scholarship Central for program administration. In June 2024 it sponsored the YMCA Adaptive Sports Complex grand opening in St. Louis; in September 2024 it participated as a panelist on the Brighter Communities Fund Advisory Committee. Governance centers on a small board that includes operators with local business ties. Winthrop B. Reed, III serves simultaneously as president and as a member at Lewis Rice, providing in-house legal oversight. This structure keeps decision-making inside a single St. Louis professional network rather than through external investment committees.
General information
Firm type
Endowment / Foundation
Year founded
1999
Location
Region
North America
Country
United States
City
St. Louis
Corporate office
St. Louis, Missouri, United States
Principals
Winthrop B. Reed, III
President and Chairman of the Board
Kelly Wetzler
CEO and Executive Director
Daniel Bippen
Secretary and Director
James Powers
Treasurer
Sector focus
Frequently asked questions
Who runs investment decisions at Boniface Foundation?
Winthrop B. Reed, III serves as President and Chairman. Kelly Wetzler acts as CEO and Executive Director. Day-to-day portfolio oversight is handled through NISA Investment Advisors.
Does Boniface Foundation participate in fund commitments or only direct deals?
The foundation holds a limited partner interest in Park Street Capital Private Equity Fund VIII. It also makes direct grants to hospitals and nonprofits.
Where does the underlying wealth come from?
The foundation originated as a supporting organization to St. Anthony's Medical Center. No single family or operating company is identified as the source of capital.
What investment stages does Boniface Foundation typically target?
The foundation focuses on grant-making and scholarship programs rather than venture or growth equity stages. Its single disclosed private equity commitment is to a secondaries vehicle.
How is Boniface Foundation related to Mercy Hospital South?
Mercy Hospital South is the primary supported organization and has received multiple capital grants, including $15 million for a cancer center and $18 million for labor and delivery renovations.
Does Boniface Foundation maintain philanthropic structures, and how are they separated?
The foundation itself functions as the grant-making vehicle. It partners with St. Louis Community Foundation on scholarship administration and regional response funds.
What is Boniface Foundation's known posture on co-investments alongside external GPs?
No co-investment activity alongside external general partners is disclosed. Capital deployment occurs through direct grants and one limited partnership interest.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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