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Shriners Children's
Shriners Hospitals for Children was established in 1922 by the Masonic fraternity Shriners International. The system delivers pediatric specialty care in...
Shriners Children's
Shriners Hospitals for Children was established in 1922 by the Masonic fraternity Shriners International. The system delivers pediatric specialty care in orthopedics, burns, and spinal cord injury without regard to ability to pay. Its endowment supports operations across North America and select international sites. The portfolio includes a 2.54 percent allocation to private equity alongside holdings in distressed debt and multi-manager vehicles. Confirmed positions include limited partnership interests in Aetos Multi-Strategy Arbitrage Fund and Aetos Distressed Investment Strategies Fund. The organization also maintains direct ownership of hospital real estate in Boston, Philadelphia, Pasadena, Sacramento, Galveston, and Montreal, plus a research facility under development in Atlanta. Cambridge Associates has provided investment consulting services since 2015. KPMG serves as auditor. A March 2024 sponsorship of the Shriners Children's 500 NASCAR Cup Series race generated proceeds for the healthcare system. The board maintains oversight through Shriners International governance structures. The endowment operates under a single integrated foundation vehicle rather than multiple family branches. Investment decisions flow through the Board of Trustees with external managers executing day-to-day allocations.
General information
Firm type
Endowment / Foundation
Year founded
1922
Location
Region
North America
Country
United States
City
Tampa
Corporate office
2900 North Rocky Point Drive, Tampa, FL 33607, United States
Principals
Leslie D. Stewart, M.D.
Chairman of the Board of Trustees
Lawrence J. Leib
Vice Chairman of the Board of Trustees
Brad T. Koehn
Imperial Potentate and President of the Board of Directors
Sector focus
Frequently asked questions
Who runs investment decisions at Shriners Children's?
The Board of Trustees, chaired by Leslie D. Stewart, M.D., sets policy. Guggenheim Partners has acted as investment advisor since 2013.
Does Shriners Children's participate in fund commitments or only direct deals?
The endowment holds both fund commitments and direct real estate assets. Positions include Aetos Multi-Strategy Arbitrage Fund and Aetos Distressed Investment Strategies Fund.
What asset classes does Shriners Children's allocate to?
Allocations include private equity at 2.54 percent, distressed debt, and direct ownership of hospital properties across multiple states and Canada.
Where does the underlying wealth come from?
The endowment originated from the Shriners International fraternity and ongoing fundraising tied to the healthcare mission.
How is Shriners Children's related to Shriners International?
Shriners International founded the hospital system in 1922 and continues to provide governance and fraternal support through the Board of Trustees.
Does Shriners Children's maintain philanthropic structures?
The organization itself functions as the primary philanthropic vehicle, funding care and research through its endowment and annual giving estimated at $1.12 billion.
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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