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The Prebys Foundation, legally the Conrad Prebys Foundation, is an independent private foundation in San Diego, California, United States. The foundation provides grant funding to nonprofit organizations and affiliated leadership programs in the areas of well-being, medical research, youth services, and arts and culture.^[1][2]

The foundation was established through the estate of Conrad Prebys (1933-2016), a real estate developer, property manager and philanthropist. Following Prebys’ death in 2016, he bequeathed proceeds from the sale of his real estate holdings to be used to fund the foundation’s charitable efforts.^[3][4]

The Conrad Prebys Foundation officially launched in 2020, with $1.12 billion in proceeds from the sale of its 6,000-apartment portfolio. After launching public grantmaking in 2021, it was renamed The Prebys Foundation in 2022 while retaining its legal name.^[5][6]

Initially led by Ann Hill, who served as its interim director, the organization appointed Grant Oliphant, former president of Pittsburgh’s Heinz Endowments, as its chief executive officer in March 2022.^[7]

The Board of Directors includes civic, business, and philanthropic leaders from across San Diego County.^[8]

The Prebys Foundation supports special initiatives, including Healing Through Arts and Nature, dedicated to arts, culture and nature endeavors across San Diego County, and Prebys Ventures, a fund focused on San Diego health and medical research initiatives.^[9][10]

Following its establishment, the Conrad Prebys Foundation has been examined in local media coverage.

Reporting on the 2021 sale of a large apartment portfolio associated with Prebys’ estate, Axios San Diego described rent increases affecting some tenants after the transition.^[11]

In 2025, Axios San Diego reported on a public debate surrounding the foundation’s role in proposing a revitalization plan for San Diego’s Civic Center District, noting the proposal lacked specificity around funding sources and followed stalled municipal redevelopment efforts.^[12][13]  

In January 2026, a third-party economic impact study by U3 Advisors, with funding from the Prebys Foundation, examined alternatives to continued investment in San Diego’s City Hall complex. It estimated that relocating municipal offices into existing commercial buildings could avoid approximately $325 million in projected Prebys long-term costs.^[14]