History & Financial Statements
The California Wellness Foundation (Cal Wellness) is a private, independent foundation. Our mission is to improve the health of the people of California by making grants for health promotion, wellness education and disease prevention.
Since its founding in 1992, Cal Wellness has awarded 8,390 grants totaling more than $950 million. The California Wellness Foundation was founded as a result of Health Net's conversion from nonprofit to for-profit status.
Under the terms of the California Department of Corporations' conversion order approving Health Net's for-profit status, Cal Wellness received the equivalent of the Department's valuation of Health Net at that time — $300 million, plus 80 percent of the equity of the holding company formed as Health Net's parent.
In subsequent years, the merger of Health Net's parent company and QualMed increased Cal Wellness' assets dramatically.
Since its creation, The California Wellness Foundation’s executive leaders have played pivotal roles in shaping Cal Wellness’ history and developing pioneering initiatives and grants programs that improve the health of Californians.
Executives have left their marks in philanthropy by leading the Foundation to promote health, wellness and disease prevention strategies through its grantmaking that expanded the definition of wellness beyond health care, particularly among underserved communities in California.
Learn about past and present Cal Wellness leaders and their contributions to the fields of philanthropy and health. More.
Cal Wellness’ 2015 Independent Auditor's Report contains our financial statements. Cal Wellness' tax return, the 990-PF, is also available online from the Guidestar website (free registration required).
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