NIAC, founded in 1989 as a liability insurance pool, was originally capitalized with $1.3 in loans from the following foundations:
Ford Foundation
Wallace Alexander Gerbode Foundation
San Francisco Foundation
Walter S. Johnson Foundation
David & Lucile Packard Foundation
Marin Community Foundation
ANI was founded in 2001 as a risk retention group which, along with an affiliate captive reinsurance company, was capitalized with $10 million from two foundations.
Each of the following foundations contributed $5 million.
Bill & Melinda Gates Foundation
David & Lucile Packard Foundation