# Indian Paintbrush Foundation

Indian Paintbrush Foundation is an Endowment / Foundation based in Washington, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** 2200 Pennsylvania Ave NW, Suite 800W, Washington, DC 20037
- **Founded:** 1994
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Steven M. Rales established the Indian Paintbrush Foundation in 1994. The foundation received its primary endowment through a 2021 donation of 6.1 million Danaher shares. It functions as a grant-making 501(c)(3) organization focused on education, health, and arts causes. The foundation invests across public equities and venture capital. Confirmed holdings include a long position in Danaher Corporation valued near $1.5 billion and limited-partner commitments to Pacific Lake Partners Fund Five, Sapphire Ventures, TQ Ventures, Rackhouse Venture Capital II, and BITKRAFT Ventures Fund III. All activity remains inside the United States. No recent operational events from the last 24 months appear in available records. The foundation lists one service provider, Travis L. Patton, as vice president and tax preparer since 2021. It maintains no disclosed additional offices or professional headcount.

## Sectors

- Venture Capital

## People

- Steven M. Rales — Founder, Chairman and President

## Questions

### Who runs investment decisions at Indian Paintbrush Foundation?

Steven M. Rales serves as founder, chairman, and president. No separate CIO or investment committee is named in records.

### Does Indian Paintbrush Foundation participate in fund commitments or only direct deals?

The foundation acts as a limited partner in at least five venture capital funds. No direct company investments are recorded.

### What investment stages does Indian Paintbrush Foundation typically target?

Available data show commitments only to established venture funds. No stage preferences are disclosed.

### How is Indian Paintbrush Foundation related to Danaher Corporation?

Danaher shares donated in 2021 form the bulk of the foundation's assets and constitute its primary wealth source.

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

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