Thomas & Dorothy Leavey Foundation

Thomas & Dorothy Leavey Foundation

The Thomas & Dorothy Leavey Foundation was created in 1952 by Thomas E. Leavey, co-founder of Farmers Insurance Group, and Dorothy E. Leavey. Their daughter Kathleen Leavey McCarthy serves as chairman. The foundation has distributed more than $200 million in grants since inception, with notable recipients including Santa Clara University and the University of Southern California. The portfolio mixes public equities, corporate bonds, and alternative investments. Confirmed holdings include commitments to Energy Capital Partners II-B, Energy Capital Partners III-B, Wilton Private Equity Fund, Apollo Natural Resources Partners II, and Offshore Mezzanine Partners III. Geographic exposure centers on the United States with additional global private credit exposure. Capital is deployed via limited partnership structures rather than direct co-investments. Kathleen Leavey McCarthy also serves on the USC Board of Trustees. The foundation maintains relationships with legal counsel Irell & Manella LLP and several investment managers including Wilton Asset Management and Apollo Global Management. In June 2025 the foundation attended the USC Trojan Saint Award Dinner in Los Angeles. The foundation operates with a single-family governance structure tied directly to the Leavey descendants and maintains scholarship programs restricted to children of Farmers Group employees.