George B. Storer Foundation

George B. Storer Foundation

Founded in 1955 by broadcasting pioneer George B. Storer, the foundation channels wealth originally generated from Storer Broadcasting, which at its peak owned major radio and television stations across the United States. Storer structured the philanthropy with a dual mandate: grantmaking for conservation and education, plus an investment portfolio designed to sustain the corpus. Today his granddaughter Elizabeth Storer leads the foundation as President and CEO, while also serving as a Wyoming State Representative, and her husband Luther Propst sits on the board alongside Chair Press Stephens. The foundation's investment posture spans fund-of-funds commitments, private equity, private credit, real estate, and natural resources across North America. It targets a wide aperture of strategies: buyout, distressed debt, mezzanine, special situations, and venture capital from seed to late stage. Confirmed positions remain closely held, but the strategy footprint implies co-investment relationships with managers operating across multiple credit and equity cycles in U.S. markets. With total net assets estimated by Altss near $86 million, the foundation operates with a lean governance structure linking Jackson-based trustees to external investment professionals. Kelly Thomas, an analyst at Jennison Associates, serves on the investment committee, providing a direct tie to public-market asset management expertise. The board maintains active memberships in the Early Childhood Funders Collaborative and the Wyoming Nonprofit Network, while Propst chairs the Outdoor Alliance board and both he and Elizabeth Storer hold leadership roles with the Theodore Roosevelt Conservation Partnership. Structurally, the foundation blends a private family-investment function with a public-policy life: its CEO is a state legislator, its board chair is a Teton County commissioner, and its grantmaking priorities — landscapes, early childhood education, climate, and democracy — are shaped by the same hands that direct its portfolio. This tight coupling of civic office and fiduciary duty creates a governance profile that few private foundations of similar size replicate.