HISTORY

The foundation was created when health maintenance organization (HMO) ConnectiCare, Inc., reorganized and converted into a for-profit entity.  Under an agreement approved by the Connecticut attorney general, CT Health received 100 percent of the equity in ConnectiCare.  Private investors purchased CT Health’s shares in January  2001. 

 ConnectiCare Agreement
(PDF, 14 KB. Requires the free Adobe Reader)

Leaving CT Health with an initial endowment totaling $132 million in June 2001, its board of directors made a commitment to examine the underlying causes of barriers to health care among the unserved and underserved by directing 5 percent of its endowment toward grant-making operations each year. 

Read the January 2001 news release