Financials

The Robert Wood Johnson Foundation (RWJF) 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.

Investing in Diversity and Inclusion

As is the case with our grantmaking, diversity and inclusion are central to the Foundation’s investment approaches and objectives. Our diversity initiatives include partnerships with women- or minority-owned investment managers, and an internship program for college students from underrepresented backgrounds entering financial services after graduation. In addition, our investment team provides guidance on RWJF grants which help increase the number of diverse entrants into the investments field.

As we seek out external investment managers, we are especially interested in collaboration with firms that demonstrate diversity in leadership and ownership. If you are interested in learning more about any of our investment-related programs, please contact us.

Audited Financial Statements and Tax Returns

We post our audited financial statements to the site as they become available. Generally our financial statements are posted during the summer of the following year.

Given the time needed to collect tax information, the returns are not filed and posted until late fall of the year following the year covered in the return.

2018

 

2017

 

2016

 

2015