# Colorado Health Foundation

Colorado Health Foundation is an Endowment / Foundation based in Denver, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Denver, United States
- **Region:** North America
- **Address:** 1780 Pennsylvania St, Denver, CO 80203, United States
- **Founded:** 1995
- **Assets under management:** 2800 (Altss estimate)
- **Website:** coloradohealth.org
- **LinkedIn:** https://www.linkedin.com/company/the-colorado-health-foundation

## Regulatory record

- **CRD number:** 149120
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-31T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/149120

## About

The Colorado Health Foundation was established in 1995 as a statewide philanthropic organization. Karen McNeil-Miller leads the foundation as President and CEO. Its endowment supports health equity initiatives through grants and direct investments. The foundation allocates across public equities, private equity, real estate, and private debt. Confirmed positions include commitments to MiddleGround Capital, StepStone Group, and ROC USA Capital. It also holds direct real estate assets such as the Tapestry affordable housing development in Denver and the East Street School conversion in Trinidad. Geographic focus remains concentrated in Colorado with limited exposure to other U.S. markets. The foundation employs a dedicated investment team led by Chief Investment Officer Aron Grodinsky. It maintains an impact investing portfolio valued at $128 million. Recent activity includes sponsorship of the Colorado Health Symposium in 2025. The foundation operates a hybrid structure that combines traditional grantmaking with mission-related investments and direct real estate ownership. This approach allows capital deployment into both program-related loans and market-rate assets while maintaining separation from its 501(c)(3) grant activities.

## Sectors

- Healthcare
- Real Estate
- Impact Investing

## People

- Karen McNeil-Miller — President and CEO
- Aron Grodinsky — Chief Investment Officer
- Ed Scholz — Chief Financial and Administrative Officer

## Questions

### Who runs investment decisions at Colorado Health Foundation?

Aron Grodinsky serves as Chief Investment Officer. Karen McNeil-Miller acts as President and CEO with oversight of overall strategy.

### Does Colorado Health Foundation participate in fund commitments or only direct deals?

The foundation commits to private equity funds including MiddleGround Capital and StepStone Group. It also executes direct real estate investments and program-related investments.

### What asset classes does Colorado Health Foundation deploy into?

Allocations include public equities, private equity at 32 percent, real estate at 10 percent, infrastructure at 2 percent, and private debt at 6 percent of the managed portfolio.

### Where does Colorado Health Foundation maintain its geographic focus?

All direct real estate holdings and grant activity center on Colorado. Limited public equity positions extend to European issuers.

### How is Colorado Health Foundation related to Healthier Colorado?

The foundation created and seed-funded Healthier Colorado with $7.1 million in 2013 as an independent 501(c)(4) advocacy organization.

### What investment stages does Colorado Health Foundation target in private markets?

The foundation participates in buyout, growth equity, and venture capital strategies through fund commitments and direct investments.

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- [BOK Financial Private Wealth](https://altss.com/profile/bok-financial-private-wealth)
- [Hearst Corporation](https://altss.com/profile/hearst-corporation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/colorado-health-foundation

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