# Mother Cabrini Health Foundation

Mother Cabrini Health Foundation is an Endowment / Foundation based in New York, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 777 Third Avenue 23rd Floor, New York, NY 10017, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** cabrinihealth.org
- **LinkedIn:** https://www.linkedin.com/company/mother-cabrini-health-foundation

## Regulatory record

- **Reports private funds:** No

## About

Mother Cabrini Health Foundation was established in 2018 by New York State's Catholic bishops after the Fidelis Care transaction. Its mandate centers on healthcare access and outcomes for vulnerable populations across the state. The foundation allocates roughly 28 percent of assets to private equity. Confirmed holdings include commitments to Limerston Capital Fund II in Western Europe. It also maintains direct real estate exposure through the former Fidelis headquarters in Rego Park, Queens, and a leasehold at 777 Third Avenue in Manhattan. Capital is deployed via a mix of fund commitments, co-investments, and direct asset ownership. The organization employs BNY Mellon as investment advisor and custodian and SEI Novus for portfolio intelligence. It sponsored the Statewide Mental Health Summit in January 2025. Total grants awarded since inception exceed $1 billion, including a $51 million Nursing Initiative commitment announced for 2025. Governance rests with a board chaired by Alfred F. Kelly, Jr. and includes members drawn from finance and healthcare. This board structure separates investment oversight from the Catholic ethical principles that guide grant decisions.

## Sectors

- Healthcare

## People

- Alfred F. Kelly, Jr. — Board Chair
- Colin Ambrose — Chief Investment Officer
- Carla A. Harris — Board Member
- Samuel A. DiPiazza, Jr. — Board Member

## Questions

### Who runs investment decisions at Mother Cabrini Health Foundation?

Colin Ambrose serves as Chief Investment Officer. He previously held the same role at UJA-Federation of New York. The board, chaired by Alfred F. Kelly, Jr., provides oversight.

### What is Mother Cabrini Health Foundation's known posture on co-investments alongside external GPs?

The foundation maintains a co-investment program alongside its fund commitments. Its strategy list includes dedicated co-investment and co-investment multi-manager sleeves.

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

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