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Seattle Children's Hospital
The endowment exists to provide a permanent source of financial support for Seattle Children's Hospital, the pediatric teaching hospital for the University of...
Seattle Children's Hospital
The endowment exists to provide a permanent source of financial support for Seattle Children's Hospital, the pediatric teaching hospital for the University of Washington School of Medicine. Stan Ra leads the investment office. The hospital's alliance with Fred Hutchinson Cancer Center anchors a clinical and research pipeline that gives the endowment an unusual proximity to scientific advance—a structural edge not available to non-hospital pools. The fund is administered alongside a separate fundraising foundation and a large guild association that generates community-level contributions. The portfolio allocates across public equities, fixed income, and private markets. The endowment also holds a significant direct commercial real estate footprint, concentrated in the Seattle area. Named properties include the hospital's main campus at Sand Point Way, the Seattle Children's Research Institute in the Denny Triangle, Building Cure on Terry Avenue, 818 Stewart Street, and the Bellevue Clinic and Surgery Center. In Renton, the fund controls a portfolio of office buildings across the Southgate Campus and Valley Office Park on Lind Avenue. The fund has also accepted and held donations in cryptocurrency. Team scale remains undisclosed. Board-level financial and operational oversight draws on institutional real estate and venture experience, including trustees John Schoettler, the former VP of Global Real Estate at Amazon, and Dan Levitan, co-founder of the venture firm Maveron. The hospital participates in the Children's Hospital Association and the Children's Miracle Network Hospitals for advocacy and fundraising, connecting the investment office to a national network of pediatric institutions. A differentiated structural characteristic is the endowment's adjacency to the University of Washington medical ecosystem and the Fred Hutchinson Cancer Center research enterprise. This relationship creates a proprietary lens on clinical innovation that most nonprofit hospital endowments lack. The investment office operates inside a healthcare delivery organization with a material owned-real-estate portfolio, functioning more like a hybrid institutional allocator with a captive RE book than a standard grantmaking foundation.
General information
Firm type
Single Family Office
Year founded
1907
AUM
$2.8B (per public records)
Location
Region
North America
Country
United States
City
Seattle
Corporate office
4800 Sand Point Way NE, Seattle, WA 98105, United States
Additional offices
Bellevue, WA · Renton, WA
Principals
Stan Ra
Chief Investment Officer
Jeff Sperring
Chief Executive Officer
John Schoettler
Board Trustee
Dan Levitan
Board Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at Seattle Children's Hospital endowment?
Stan Ra serves as Chief Investment Officer, overseeing the approximately $2.8 billion endowment pool (per public records). The board includes trustees with professional backgrounds in institutional real estate and venture capital, including Dan Levitan of Maveron and John Schoettler, former VP of Global Real Estate at Amazon. The investment office manages allocations directly, though the internal team's size is not publicly disclosed.
How is the endowment related to the hospital's clinical operations?
Seattle Children's Hospital is an independent nonprofit pediatric hospital that functions as the primary teaching hospital for the University of Washington School of Medicine. The endowment exists to provide sustained financial support for the hospital's clinical care and research activities. The hospital's dual structure—delivering pediatric care while also running a major research institute—means the endowment indirectly funds a pipeline that includes clinical trials and translational work with partners like Fred Hutchinson Cancer Center.
What is the endowment's real estate exposure?
The endowment directly holds a portfolio of commercial properties concentrated in the Seattle metropolitan area. These include the main hospital campus on Sand Point Way NE, the Seattle Children's Research Institute building on 9th Avenue, Building Cure on Terry Avenue, 818 Stewart Street, the Bellevue Clinic and Surgery Center, and a Renton office campus spanning the Southgate and Valley Office Park properties. The real estate book is operationally embedded in the hospital's clinical and research footprint.
Does the endowment accept gifts of assets other than cash?
Yes, the hospital has accepted cryptocurrency donations into a dedicated portfolio. The fund also maintains an Integrated Art Collection on the main campus, reflecting gifts of physical assets in addition to financial securities. The broader donor infrastructure includes the Seattle Children's Hospital Foundation and the Seattle Children's Guild Association, though charitable contributions are structured separately from the endowment's investment pool.
What investment stages does the endowment typically target?
The endowment deploys across multiple asset classes, including public equities, fixed income, and private markets, though its private allocation specifics are not publicly reported in detail. The fund's venture exposure is partially visible through the board: Trustee Dan Levitan co-founded Maveron, a consumer-focused venture capital firm. The investment office has not published separate stage-based deployment targets or private commitment pacing schedules.
How is the endowment separated from the hospital's philanthropies?
The investment office runs the endowment pool. Charitable fundraising and donor stewarding operate through at least two separate affiliated entities: the Seattle Children's Hospital Foundation and the Seattle Children's Guild Association. The guild association includes dozens of volunteer-led chapters that raise community-level funding. These philanthropies collect and direct gifts but do not manage the endowment's investment portfolio.
Where does the underlying wealth in the endowment come from?
The endowment's assets derive from decades of charitable giving to Seattle Children's Hospital, which has existed as a pediatric institution for over a century. It is not a single-family pool. Contributions come from individual donors, corporate gifts, guild fundraising events, and planned giving vehicles. The King County population and Pacific Northwest donor base provide the geographic center of gravity for the hospital's development operation.
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