Updated:
California Wellness Foundation
California Wellness Foundation is a nonprofit foundation based in California. It focuses on improving health and wellness through increased access to...
California Wellness Foundation
California Wellness Foundation is a nonprofit foundation based in California. It focuses on improving health and wellness through increased access to healthcare, education, employment, and environmental quality. The foundation has made four investments, including a July 26, 2023, grant to Mother Jones as part of its Grant-II program.
General information
Firm type
Endowment / Foundation
Year founded
1992
AUM
$1 billion
Location
Region
North America
Country
United States
City
Los Angeles
Corporate office
515 S Flower St, Suite 1100, Los Angeles, CA 90071, United States
Additional offices
Oakland, CA, United States
Principals
Richard Tate
President and CEO
Rochelle Witharana
Chief Financial and Investment Officer
Pamela Simms-Mackey
Board Chair
Jackie Khor
Investment Committee Advisor
Neville Rhone Jr.
Investment Committee Advisor
Sector focus
Frequently asked questions
Who runs investment decisions at California Wellness Foundation?
Richard Tate serves as President and CEO. Rochelle Witharana acts as Chief Financial and Investment Officer. An investment committee that includes external advisors Jackie Khor and Neville Rhone Jr. reviews commitments.
How does California Wellness Foundation source proprietary deal flow?
The foundation participates in limited-partner commitments to impact-focused funds. It maintains memberships in Mission Investors Exchange and regional grantmaker networks that surface aligned opportunities.
Does California Wellness Foundation participate in fund commitments or only direct deals?
The foundation acts exclusively as a limited partner in commingled vehicles. Confirmed holdings include HCAP Partners IV, Illumen Capital, and Impact America Fund III.
What investment stages does California Wellness Foundation typically target?
The foundation allocates across venture, growth equity, real estate, infrastructure, and credit funds. No single-stage concentration is disclosed.
Where does the underlying wealth come from?
Assets originated from the 1992 conversion of Health Net from a non-profit health plan to a for-profit corporation.
Does California Wellness Foundation maintain philanthropic structures, and how are they separated?
The foundation itself functions as the grantmaking vehicle. It reported $73.9 million in grants focused on community health centers, civic engagement, and social justice organizations.
What is California Wellness Foundation's known posture on co-investments alongside external GPs?
No direct co-investment program is disclosed. Capital deployment occurs through fund commitments and mission-aligned limited-partner positions.
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.
Need institutional-grade insight on endowments & foundations?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: