Based in Pittsburgh, The Dietrich Foundation and its predecessor entities (collectively, the Foundation) were established by William S. Dietrich II and principally funded from proceeds of the sale of Dietrich Industries in 1996. Following Mr. Dietrich’s passing in October 2011, the Foundation was formed and ultimately funded with ~$550 million in assets in January 2013. Its principal mission is to provide ongoing and increasing financial support to selected institutions of higher education and certain other non-profits in Western Pennsylvania. The growth engine of the Foundation assets continues to be its significant allocation to a top-tier, global private equity investment portfolio, with an emphasis on investments in emerging markets.