Van Andel Institute (VAI) is an independent nun-profit foundation based in Grand Rapids, Michigan. Established in 1996 by Jay and Betty Van Andel, the institute focuses on improving the health and enhancing the lives of current and future generations through biomedical research and science education. The assets are managed by the board of trustees.Van Andel InstituteAos investment portfolio is valued at $1.59 billion with investments in equity, fixed income, private equity, and cash.