# Truth Initiative Foundation

Truth Initiative Foundation is an Endowment / Foundation based in Washington, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** 900 G Street, Northwest Fourth Floor, Washington, DC 20001
- **Founded:** 1999
- **Assets under management:** 957 (Altss estimate)
- **Website:** truthinitiative.org
- **LinkedIn:** https://www.linkedin.com/company/truth-initiative

## Regulatory record

- **Reports private funds:** No

## About

Truth Initiative Foundation was established in 1999. It functions as America's largest nonprofit public health organization dedicated to preventing youth nicotine addiction. The endowment supports national campaigns, research programs, and grantmaking focused on tobacco control. The portfolio allocates across public equities, private equity, private debt, real estate, and energy funds. Confirmed holdings include Park Street Capital Private Equity Fund VII. Geographic exposure covers the United States and global markets. The foundation maintains a strict tobacco-free investment policy across all asset classes. The endowment stood at $957 million. Anthony O'Toole serves as Chief Financial and Investment Officer. External advisors include TimesSquare Capital Management, Canyon Capital Advisors, Cambridge Associates, and Northern Trust as custodian. October 2024 participation at the American Public Health Association Annual Meeting addressed public health policy and nicotine research. Board composition includes appointees from the National Governors Association, National Association of Attorneys General, and National Council of State Legislatures. This governance structure ties the foundation to state-level public health authorities established at its creation.

## Sectors

- Diversified

## People

- Kathy Crosby — CEO and President
- Anthony O'Toole — Chief Financial and Investment Officer
- Mike Moore — Board Chair

## Questions

### Who runs investment decisions at Truth Initiative Foundation?

Anthony O'Toole serves as Chief Financial and Investment Officer. External managers include TimesSquare Capital Management and Canyon Capital Advisors.

### Does Truth Initiative Foundation participate in fund commitments or only direct deals?

The foundation commits to private equity funds, secondaries, and distressed opportunities. Holdings include Park Street Capital Private Equity Fund VII and Siguler Guff Distressed Opportunities Fund IV.

### What is Truth Initiative Foundation's known posture on co-investments alongside external GPs?

The foundation acts as a limited partner in multiple private equity and real estate funds. No direct co-investment activity is disclosed in current records.

### How is Truth Initiative Foundation related to state attorneys general?

The National Association of Attorneys General holds authority to appoint two class directors to the board. Similar appointment rights exist for the National Governors Association and National Council of State Legislatures.

### Which sectors does Truth Initiative Foundation explicitly avoid?

All investments adhere to a tobacco-free policy. The foundation is a signatory of the Tobacco-Free Finance Pledge.

## Related profiles

- [Palestine Investment Fund](https://altss.com/profile/palestine-investment-fund)
- [AOG Invest](https://altss.com/profile/aog-invest-aog)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/truth-initiative-foundation

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