The Robert Wood Johnson Foundation is working to improve the health and well-being of everyone in America. Reflecting our Guiding Principles, “we act as good stewards of private resources, using them to advance the public’s interest with a focus on helping the most vulnerable.”
The Foundation was established as a national philanthropy in 1972 with a generous bequest of shares of Johnson & Johnson (J&J) from its chief executive, Robert Wood Johnson. For many years, the Foundation’s investments were held mainly in the form of shares in that company but we have now substantially diversified our investment portfolio.
Because we focus our philanthropy on meeting many of our nation’s most critical health challenges, our long-standing policy has been not to invest in companies whose products may conflict with our vision to build a Culture of Health, namely those whose business is predominantly related to the manufacture or sale of tobacco, alcohol or firearms.
Achieving comprehensive and meaningful change in health and health care will require sustained attention over many years to come. The Foundation therefore seeks to earn an investment return that, over time, equals or exceeds the sum of its annual spending, as a percentage of the Foundation’s assets plus the rate of inflation. This balance of investment return and spending is designed to spread risk and promote a steady, stable flow of support for our grantees.