In 2006, the Gary and Mary West Foundation was established with the goal of making a significant, positive impact in our country and communities by focusing on meaningful, measurable results from every grant. The Foundation supports four focus areas: independence for seniors; career opportunities for disadvantaged youth; service canines for seniors and veterans; and lowering the cost of health care. www.gmwf.org
With the cost crisis in health care showing no signs of abating, Gary and Mary West dedicated substantial resources, both personally and through their Foundation, to address this critical issue. They created West Health, an initiative combining four separate organizations with the shared goal of lowering health care costs by creating innovative, patient-centered solutions that deliver the right care at the right place at the right time. The West Health entities include the nonprofit West Health Institute and West Health Policy Center, and the for-profit West Health Investment Fund and West Health Incubator.
Created in 2009 with a $45 million grant from the Gary and Mary West Foundation, the Gary and Mary West Health Institute (WHI) is an independent, nonprofit 501(c)(3) applied medical research organization dedicated to lowering the cost of health care by driving patient-centered solutions that make quality health care more affordable, more accessible and more efficient.
The Washington, D.C.-based Gary and Mary West Health Policy Center was launched in January 2012. It is an advocacy-oriented, nonpartisan, nonprofit Center with a focus on identifying implementable policies to lower the cost of health care while preserving quality and access.
The Wests seeded the Gary and Mary West Health Investment Fund with $100 million in October 2011. The Fund provides risk capital for technology companies working on innovations that could reduce the cost of health care. It is unique in its philanthropic nature because the Fund commits any returns made from investments to medical research and other charitable activities. Gary and Mary West will never personally profit from any returns from the Fund.
Founded in August 2012 and located on the same campus as WHI in San Diego, the Gary and Mary West Health Incubator is also funded directly by the Wests. It provides infrastructure at the facility, strategic guidance and access to an extensive network of key partners, allowing for the transfer-to-industry of research technologies developed at WHI and elsewhere.
Read more about Gary and Mary West here.