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Foundation History and Mission
The Archstone Foundation is a private foundation formed in 1985 through the conversion of a non-profit health maintenance organization, then known as FHP, Inc., to a for-profit corporation. The Foundation became a non-profit grantmaking organization focused on the broad issues of health and health care delivery through the endowment resulting from the conversion agreement between the State of California and the FHP Corporation.
The Foundation was originally known as the FHP Foundation and changed its name to the Archstone Foundation in 1996 to create a completely separate identity from the FHP Corporation, which was being acquired by PacifiCare Health Systems. The name Archstone Foundation was selected by the Board of Directors as it represented the Foundation's values of building for lasting change and working in partnership with others.
Also during the 1995-1996 time frame the Foundation undertook an extensive assessment of its first 10 years, its mission and governance. Through this process the Archstone Foundation's Board of Directors determined that it should target the focus of the Foundation's work and concentrate exclusively on issues of aging. While aging has always been a part of the Foundation's work, the Board determined that a concentrated effort in a more limited number of areas would allow the Foundation to have a greater impact.
In the years that have followed, the Archstone Foundation has taken a leadership role in the field of aging. It has also served a key role in building the capacity of Grantmakers in Aging and in encouraging other funders to partner with us in preparing society to meet the needs of an aging population.
After two decades of operation and over 800 grants, the Foundation's grantmaking commitment has surpassed the initial endowment with over $73 million in grants awarded.
The mission of the Archstone Foundation is to contribute toward the preparation of society in meeting the needs of an aging population.
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