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Annie E. Casey Foundation

Foundation · Founded 1948 · Baltimore, United States

#43 LP Ranking #6 of 714 foundations

AECF Is devoted to developing a brighter future for millions of children at risk of poor educational, economic, social and health outcomes

70 VC firms backed
$3.5B AUM
~$105M Allocated to VC (est. 3%)
01 · Background

Who Annie E. Casey Foundation is.

Historical Background
The foundation was established in 1948 by Jim Casey, a founder of UPS, and his siblings, who named it in honor of their mother. Initially created to fund a camp for disadvantaged children in Seattle, the foundation grew substantially in the 1960s and 1970s, becoming a significant supporter of foster care and neighborhood-based services for children and families.
Source of Capital
The Annie E. Casey Foundation is a private foundation whose grantmaking activities are supported by its endowment. At the end of 2022, the foundation's assets were valued at approximately $3.4 billion.
Allocation Strategy
The foundation's primary focus is on impact investments that complement its grant-making strategy, addressing systemic issues that create barriers to opportunity for young people and their families. It employs a "two-generation approach," investing in programs that support both parents and children simultaneously to break cycles of intergenerational poverty. The investment strategy targets issues such as the lack of affordable housing and the widening wealth gap within the United States.
02 · Fund commitments

The funds Annie E. Casey Foundation backs.

Annie E. Casey Foundation is a limited partner in 70 funds. 15 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

03 · Allocation

How Annie E. Casey Foundation’s fund book is spread.

The 70 funds Annie E. Casey Foundation backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters, across the 69 of 70 with a location on record.

  • North America 6087%
  • Europe 57%
  • Rest of world 46%

United States 60 · United Kingdom 3 · China 2 · Hong Kong 1

How established those managers are

Managers grouped by how many funds they have raised — across the 47 of 70 with a fund history on record.

Emerging funds · 16
Established funds · 31
9 1
4 2
3 3
4 4
8 5-6
6 7-9
4 10-14
9 15+
Funds raised by the manager
04 · Direct investments

The companies Annie E. Casey Foundation backs directly.

Annie E. Casey Foundation holds 4 companies directly, separate from the funds it commits to as a limited partner.

Kresge foundation
Education · USA
Casebook PBC
Enterprise Software · USA
$12M valuation
REDF
Education · USA
Case Commons
Health · USA