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QueensCare
QueensCare was established in 1897 by the Franciscan Sisters of the Sacred Heart as a faith-based nonprofit. Its original mandate centered on operating Queen...
QueensCare
QueensCare was established in 1897 by the Franciscan Sisters of the Sacred Heart as a faith-based nonprofit. Its original mandate centered on operating Queen of Angels Hospital, which evolved into the current structure of direct clinic services and grantmaking. The foundation holds an endowment valued at approximately $383 million inside the QueensCare Investment Fund. Capital supports four active health centers in Echo Park, Hollywood, Eagle Rock, and East Los Angeles plus an administrative headquarters. QueensCare also maintains a diversified portfolio of publicly traded securities and participates in New Markets Tax Credit transactions for facility construction. In 2024 QueensCare formed the QueensCare Health Alliance affiliate to consolidate direct-service delivery. The organization employs no disclosed investment professionals and maintains relationships with Moss Adams as auditor and US Bank as NMTC investor. Its primary footprint remains confined to Los Angeles County. Governance ties the foundation to its founding religious order and the Archdiocese of Los Angeles, with clinic operations now conducted through a separate partner entity, Gracelight Community Health.
General information
Firm type
Endowment / Foundation
Year founded
1897
Location
Region
North America
Country
United States
City
Los Angeles
Corporate office
950 South Grand Avenue, 2nd Floor South, Los Angeles, CA 90015, United States
Principals
Barbara B. Hines
President and CEO
Sector focus
Frequently asked questions
Who runs investment decisions at QueensCare?
Barbara B. Hines serves as President and CEO. No separate CIO or investment committee is disclosed in available records.
Does QueensCare participate in fund commitments or only direct deals?
The foundation holds a diversified portfolio of publicly traded securities and one alternative investment holding through its endowment vehicle. No external fund commitments are documented.
Where does the underlying wealth come from?
QueensCare originated as a hospital operator founded by the Franciscan Sisters of the Sacred Heart in 1897. Current resources derive from endowment returns and historical asset sales rather than a single family fortune.
What investment stages does QueensCare typically target?
No stage-specific mandate is disclosed. Activity centers on maintaining liquidity for healthcare operations and facility financing via New Markets Tax Credits.
How is QueensCare related to Gracelight Community Health?
Gracelight operates the clinics formerly managed directly by QueensCare. The two entities function as separate nonprofits with ongoing partnership ties.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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