Program areas at Blue Cross Blue Shield of Massachusetts Foundation
The mission (purpose) of the Blue Cross and Blue Shield of Massachusetts Foundation inc. is to expand Access to Health Care through grants & policy initiatives, the Foundation works with public and private organizations to broaden healthcare through grants and policy initiatives. The Foundation will focus on developing solutions that benefit uninsured, vulnerable and low income individuals and families in the commonwealth. Through catalyst grants, the Foundation is a resource for mini grants of up to $5,000 to organizations serving the Health needs of low income and uninsured residents of ma.
Dividends provide income for future grant making and mission activities
The gain or loss from sale of assets are utilized to provide for future grant making and mission activities
Who funds Blue Cross Blue Shield of Massachusetts Foundation
Grants from foundations and other nonprofits
Personnel at Blue Cross Blue Shield of Massachusetts Foundation
| Name | Title | Compensation | Date of data |
|---|
| Audrey Shelto | President and Chief Executive Officer / Vice Chair / President | $0 | 2022-12-31 |
| Ruby Kam | Chief Financial Officer | | 2023-11-15 |
Financials for Blue Cross Blue Shield of Massachusetts Foundation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $324,080 | $1,230,171 | -73.7% |
| Investment income and dividends | $1,341,064 | $1,377,284 | -2.6% |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $6,739,861 | $4,620,122 | 45.9% |
| Gross sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $262,275 | -100% |
| Total revenues | $8,405,005 | $7,489,852 | 12.2% |
Organizations like Blue Cross Blue Shield of Massachusetts Foundation
| Organization | Type | Location | Revenue |
|---|
| The Ralph Lauren Corporate Foundation | 501(c)(3) | New York, NY | $10,294,487 |
| Teach A Man To Fish Foundation | 501(c)(3) | Irvine, CA | $18,786,411 |
| Blandin Foundation | 501(c)(3) | Grand Rapids, MN | $21,347,021 |
| Montana Healthcare Foundation (MHCF) | 501(c)(3) | Bozeman, MT | $8,046,337 |
| Call of Duty Endowment | 501(c)(3) | Santa Monica, CA | $12,947,404 |
| Blue Shield of California Foundation | 501(c)(3) | San Francisco, CA | $21,941,060 |
| The R Charles Loudermilk SR Foundation | 501(c)(3) | Atlanta, GA | $15,905,437 |
| Gayle and Tom Benson Charitable Foundation | 501(c)(3) | Metairie, LA | $7,418,203 |
| CME Group Foundation | 501(c)(3) | Chicago, IL | $6,192,612 |
| Odyssey Group Foudnation | 501(c)(3) | Stamford, CT | $3,955,000 |
Data update history
January 14, 2025
Used new vendors
Identified 2 new vendors, including , and
November 3, 2024
Updated personnel
Identified 2 new personnel
May 19, 2024
Received grants
Identified 2 new grant, including a grant for $21,000 from Endowment for Health December 27, 2023
Posted financials
Added Form 990PF for fiscal year 2022
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
Human services
Characteristics
Political advocacyProvides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
- Address
- 101 Huntington Ave Suite 1300
- Boston, MA 02199
- Metro area
- Boston-Cambridge-Newton, MA-NH
- County
- Suffolk County, MA
- Phone
- (617) 246-6783
IRS details
- EIN
- 04-3148824
- Fiscal year end
- December
- Taxreturn type
- Form 990-PF
- Year formed
- 1992
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T20: Private Foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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