Endowment / Foundation

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Riley Children’s Foundation

Riley Children’s Foundation was founded in 1921 to raise funds for Riley Children’s Health. Courtney Roberts serves as president and chief executive officer.

Riley Children’s Foundation logo

Riley Children’s Foundation

Riley Children’s Foundation was founded in 1921 to raise funds for Riley Children’s Health. Courtney Roberts serves as president and chief executive officer. The foundation’s endowment arm manages investments that generate grants for pediatric programs at Indiana University Health and the IU School of Medicine. The foundation allocates across public equities, private equity buyout funds, venture capital, distressed debt, and hedge funds. It also holds direct real estate including the James Whitcomb Riley Museum Home and the Billie Lou Wood Visitor’s Center in Indianapolis. Camp Riley at Bradford Woods, a 2,500-acre facility in Martinsville, Indiana, operates through a joint venture with Indiana University. Geographic exposure centers on the United States with additional holdings in global markets. The organization maintains an alternative investment portfolio valued within its disclosed $402 million total assets. It employs service providers including Goelzer Investment Management as advisor and Ballard Spahr as legal counsel. In March 2025 the foundation launched the Every Child Deserves Riley campaign targeting $300 million for mental health and research programs. The foundation operates through a distinct governance structure that separates its fundraising activities from the Riley Children’s Endowment investment vehicle. Board leadership includes J. Murray Clark as chair, with additional ties to Centerfield Capital Partners through board member Faraz Abbasi.

General information

Firm type

Endowment / Foundation

Year founded

1924

AUM

$400 million

Location

Region

North America

Country

United States

City

Indianapolis

Corporate office

500 North Meridian Street Suite 100, Indianapolis, IN 46204, United States

Principals

Courtney Roberts

President and CEO

J. Murray Clark

Chair of the Board of Governors

Sector focus

Healthcare Services

Frequently asked questions

Who runs investment decisions at Riley Children’s Foundation?

Courtney Roberts serves as president and CEO. The foundation’s endowment arm executes allocations through external advisors including Goelzer Investment Management.

Does Riley Children’s Foundation participate in fund commitments or only direct deals?

The foundation acts as a limited partner in private equity, venture capital, and hedge funds while also holding direct real estate assets such as the James Whitcomb Riley Museum Home.

What investment stages does Riley Children’s Foundation typically target?

Allocations include venture capital, growth equity, buyout funds, distressed debt, and secondaries through its alternative investment portfolio.

Where does the underlying wealth come from?

The foundation raises capital through donations and events to support Riley Children’s Health rather than managing inherited family wealth.

How is Riley Children’s Foundation related to Riley Children’s Health?

Riley Children’s Foundation serves as the primary fundraising organization for Riley Children’s Health, directing grants to Indiana University Health and the IU School of Medicine.

Does Riley Children’s Foundation maintain philanthropic structures, and how are they separated?

The foundation operates alongside the Riley Children’s Endowment, which functions as the dedicated investment vehicle for endowment assets.

What is Riley Children’s Foundation’s known posture on co-investments alongside external GPs?

The foundation holds limited partner positions in multiple private equity and venture funds and maintains direct ownership of operating assets including Camp Riley.

Profile maintained by 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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