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The Specialty Family Foundation was established in 2008 with the goal of supporting needy individuals and communities in the Los Angeles area. The first of the foundation's primary goal areas focuses on support for K-8th grade Catholic schools that serve poor communities in and around Los Angeles. On the one hand these schools produce incredible academic outcomes. A recent study discovered that fully 99% of low-income Catholic school students in L.A. graduated from high school with 98% attending college. On the other hand, these schools are under tremendous financial pressure and many are on the verge of closing. The Specialty Family Foundation seeks innovative ways to reverse this trend. The second goal area focuses on support for organizations that provide support for individuals working to overcome alcoholism and substance abuse. The Foundation has $70 M in assets and an aggressive spending policy.