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successor organization, the Community Health Group HCF, incorporated in received 80 percent of the assets based ona court-approvexd settlement agreement. The REACH Foundation was approvee by the IRS as a charitable organization inMay 2004, and the followiny month received nearly $100 million in initial assets. The Foundationb later received anadditional $10 million in asset s from CHG. These assets have since growmnto $142.5 million. Over the past four years, the Foundatiomn has awarded morethan $8.3 million in grants. Grant and program support has increasedfrom $1.7 millioj in 2005 to $4.8 million in 2007.
Since its establishment, the Foundationm has focused its investments in threeareas ? safety-net health services, oral healt h and mental health. ...
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