# Danaher Corporation Pension Plan (US)

Danaher Corporation Pension Plan (US) is a Pension Fund based in Washington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** 2200 Pennsylvania Avenue, NW Suite 800W, Washington, DC, United States
- **Founded:** 1957
- **Assets under management:** 1857 (Altss estimate)
- **Website:** danaher.com
- **LinkedIn:** https://www.linkedin.com/company/danaher

## Regulatory record

- **Reports private funds:** No

## About

The Danaher Corporation Pension Plan (US) was established in 1957. It operates as the primary defined benefit vehicle for eligible U.S. employees of Danaher Corporation. Steven and Mitchell Rales founded the parent company whose shares later funded related philanthropic vehicles. The plan allocates across private equity strategies including buyouts, co-investments, and secondaries. It holds an insurance buy-in contract valued at $349 million. Confirmed holdings include approximately 2.0 million shares of Danaher Corporation stock as of December 31, 2024. Geographic exposure centers on the United States with additional activity through spin-off entities such as Veralto Corporation and Fortive Corporation. The plan reports 1,857 million in assets. It retains Ernst & Young as auditor since 2003 and BlackRock as investment manager since 2024. State Street Bank and Trust Company acts as custodian. Mercer provides actuarial services. The plan attended the Danaher Corporation Annual Meeting of Shareholders in May 2025. The plan maintains a direct relationship to Danaher Corporation through ongoing ownership of parent shares and retained liabilities after the 2023 Veralto spin-off.

## Sectors

- Diversified
- Healthcare

## People

- Frank McFaden — Vice President and Treasurer
- Steven M. Rales — Founder
- Mitchell P. Rales — Founder

## Questions

### Who runs investment decisions at Danaher Corporation Pension Plan (US)?

Frank McFaden serves as Vice President and Treasurer. The plan uses external managers including BlackRock for investment execution.

### Does Danaher Corporation Pension Plan (US) participate in fund commitments or only direct deals?

The plan executes through both fund commitments and direct holdings. It maintains a position in Danaher Corporation stock and an insurance buy-in contract.

### How is Danaher Corporation Pension Plan (US) related to Veralto Corporation?

Danaher retained the U.S. Retirement Plan assets and liabilities following the 2023 spin-off of Veralto.

### What asset classes does the plan target?

Allocations include private equity buyouts, co-investments, secondaries, and distressed debt. The plan also holds an insurance buy-in contract.

## Related profiles

- [Pensionskasse Rundfunk](https://altss.com/profile/pensionskasse-rundfunk)
- [I.B.E.W. Local 353 Pension Plan](https://altss.com/profile/i-b-e-w-local-353-pension-plan)

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

Canonical page: https://altss.com/profile/danaher-corporation-pension-plan-us

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