Based in Oakland, California, the California Health Care Foundation (CHCF) is an independent, nonprofit philanthropy that primarily focuses on improving access to coverage and care for low-income Californians, ensuring high-value care, and informing decisionmakers. Established in 1996, CHCF operates with an endowment of more than $750 million in assets and has paid out more than $500 million to support its programmatic work. The California Health Care Foundation was one of two philanthropies created in 1996 as a result of Blue Cross of California’s conversion from a nonprofit health plan to the for-profit corporation WellPoint Health Networks. CHCF’s first responsibility was managing the sale of WellPoint Health Networks stock. Of the $3 billion yielded from this process, four-fifths of the proceeds went to create The California Endowment and the remainder, some $600 million at the time, stayed with CHCF. From its inception, CHCF has looked for opportunities to improve health care in California by supporting higher quality, greater efficiency, and broader access to care.