Elevance Health Foundation

What Elevance Health Foundation does

Elevance Health Foundation is the philanthropic arm of Elevance Health, Inc. (NYSE: ELV), a Fortune 500 managed care company. Founded in 2000 and headquartered in Indianapolis, the Foundation operates as a 501(c)(3) public charity that deploys grant capital, impact investments, associate engagement programs, and prize-based challenges to address the physical, behavioral, and social drivers of health for vulnerable U.S. populations. It is governed and capitalized by its parent company and does not raise third-party philanthropic funds.

The Foundation's product surface is structured around four pillars: (1) Grantmaking across four focus areas — Maternal/Infant Health, Food as Medicine, Behavioral Health, and Community Resiliency & Disaster Relief — distributed through structured RFP processes and managed on the Benevity platform; (2) Impact Investing via partnerships with Mission Driven Finance and Access CDFI, deploying loans of $100,000-$500,000 at prime minus 1% to small businesses and social enterprises in nine priority states; (3) Associate Engagement programs including Dollars for Dollars (1:1 match), Dollars for Doers ($10/hour volunteer rewards), and Volunteer Days; and (4) Community Action Leadership, anchored by a $5M Patient Safety Prize launched in November 2025. The Foundation does not develop proprietary technology platforms for external use; its technology stack consists of Benevity for grants management, PantrySoft for partner food pantry operations, and partner-owned platforms such as Count the Kicks and Mammha that it funds.

Its business model is non-commercial: the Foundation receives capital allocations from Elevance Health, Inc. (a $150M five-year commitment covering 2025-2029, succeeding a $97.3M three-year commitment over 2021-2024) and disburses these as grants and below-market loans. Customers are nonprofit organizations, healthcare institutions, and small businesses — a long-tail of 12,000+ grantee relationships rather than commercial accounts. Pricing is not applicable in a traditional sense; grant sizes range from $100,000 to multi-million multi-year awards, and impact loans carry prime-minus-1% interest. The Foundation is wholly owned by its publicly traded parent, has no external investors, and its governance is tied to Elevance Health's broader CSR strategy.

Name

Elevance Health Foundation

Legal name

Elevance Health Foundation, Inc.

Website

https://elevancehealth.foundation

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Elevance Health Foundation is the philanthropic arm of Elevance Health, Inc. that deploys grant capital, below-market impact investments, and associate engagement programs to address maternal health, food insecurity, behavioral health, and disaster resiliency for vulnerable U.S. populations across nine priority states.

Ownership category

akta.pro rank

Product category

Health Philanthropy and Grantmaking Foundation

NAICS

Grantmaking Foundations (813211), Voluntary Health Organizations (813212)

SIC

Services-Health Services (8000), Services-Social Services (8300)

akta.pro primary industry

Health & Medical Research Grantmaking Foundations (BPAGAKAL)

akta.pro secondary industries

Family Offices & Philanthropic Advisors (Grantmaking) (BPAGAKAD), Community Foundations (BPAGAKAB)

Keywords

• Philanthropic grantmaking
• Impact investing loans
• Maternal infant health
• Food as medicine
• Behavioral health funding

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Others, Personnel, Operations, Technology or R&D

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Elevance Health Foundation is a 501(c)(3) nonprofit philanthropic foundation that deploys capital to improve health outcomes through four interconnected levers: strategic grantmaking across Maternal/Infant Health, Food as Medicine, Behavioral Health, and Community Resiliency & Disaster Relief; impact investing providing $100,000-$500,000 loans at prime minus 1% to small businesses and social enterprises; associate engagement programs including 1:1 donation matching and volunteer rewards; and Community Action Leadership prize-based initiatives such as the $5 million Patient Safety Prize. The Foundation is the philanthropic arm of Elevance Health, Inc. (formerly Anthem, Inc.) and committed $150 million for the 2025-2029 period.

Product overview

Elevance Health Foundation is a $150 million philanthropic enterprise (2025-2029 commitment, coinciding with 25th anniversary) focused on improving lives and communities through four interconnected program areas. The core offerings include Grantmaking Programs (supporting Maternal/Infant Health, Food as Medicine, Behavioral Health, and Community Resiliency), Impact Investing (providing affordable loans to under-resourced communities), Associate Engagement (volunteer and donation programs), and Community Action Leadership (patient safety prize initiative). Supporting programs include the CARES Fund for associate emergency relief, Memorial Scholarship Fund, and Elevance Health Champions athlete program. Key initiatives include the Count the Kicks stillbirth prevention app and Mammha postpartum depression screening platform. The Foundation partners with Mission Driven Finance and Access CDFI for impact investing, and uses Benevity for grant management and associate engagement.

Differentiator

Problem solved

Functional benefit

Brands

• Community Action Leadership: An initiative that brings together external thought leaders from across disciplines to address large-scale community health needs and incentivize action for change, including a $5 million Patient Safety Prize.
• Dollars for Dollars
• Dollars for Doers
• Elevance Health Volunteer Days
• Elevance Health CARES, Inc.
• CARES Fund
• Memorial Scholarship Fund
• Elevance Health Champions

Products and services

• Grantmaking Programs Strategic grant programs providing funding to nonprofit organizations across the United States, with emphasis on California, Florida, Georgia, Indiana, Missouri, Nevada, New York, Ohio, Texas, and Virginia. Multi-year grant terms of one to three years, with amounts open and determined based on need and program plan.
• Impact Investing Program Provides loans of $100,000 to $500,000 with one-to-five year terms at prime minus 1% interest rate to small businesses, social enterprises, and nonprofits improving health-related social needs in under-resourced communities. Targets organizations serving people of color, women, and low-to-moderate-income individuals in California, Georgia, Indiana, Missouri, Nevada, New York, Ohio, Texas, and Virginia.
• Associate Engagement Programs Includes Dollars for Dollars (1:1 donation matching for associates), Dollars for Doers ($10/hour volunteer rewards), Elevance Health Volunteer Days seasonal service program with Lions Clubs International, and Volunteer Time Off (up to 8 hours paid time). In 2025, associates logged over 304,000 hours of service generating $2.7 million in rewards and $5.3 million through Dollars for Dollars.
• Community Action Leadership Program Initiative bringing together external thought leaders to address large-scale community health needs and incentivize action for change through prize-based competitions. Current focus is patient safety with a $5 million prize pool. Also includes the founding partnership with National Academy of Medicine and AAMI for Patient Safety in the Era of AI initiative launching spring 2026.
• Elevance Health CARES Fund Emergency relief fund for Elevance Health associates and their families facing qualified disasters or personal hardship events including natural disasters, serious illness, violent crime, domestic abuse, or death. Administered by Emergency Assistance Foundation, Inc.
• CARES Memorial Scholarship Fund Postsecondary education scholarship of $3,000 for children of Elevance Health associates who passed away during employment. Eligibility requires deceased parent to have been full-time actively employed on or after January 1, 2018.

Quantifiable outcome

• 75% of Food as Medicine program participants reported health improvements; nearly 80% reduced hospital or emergency room admissions
• +8 more outcomes

Named customers18 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

28 partnerships are on record, tiered core and flagship.

• March of DimescoreStrategic or Co-development Partner · 23 January 2025Long-standing partnership spanning over $11 million in total support since 2010. New $879,000 grant to expand NICU Family Support Program in select markets across California, Florida, Georgia, Missouri, Texas, and Virginia. The program supports mental health screening, care coordination, and emotional support for families with infants in NICUs using the Mammha digital platform.
• Feeding AmericacoreStrategic or Co-development PartnerLeadership and Visionary Partner since 2019. $14.1 million grant to expand Food as Medicine program with 30 member food banks working with healthcare partners. Multiphasite collaboration began in 2019 between hospital systems and food banks to understand how food as medicine affects clinical outcomes.
• Mission Driven FinancecoreStrategic or Co-development PartnerPartnership with Mission Driven Finance, a Certified B Corporation co-founded and co-owned by a woman of color, to provide impact investing loans ($100,000-$500,000) to small businesses and social enterprises in California, Georgia, Indiana, Missouri, New York, Ohio, Texas, and Virginia. Interest rate is prime minus 1%.
• Access CDFIcoreStrategic or Co-development PartnerPartnership with Access CDFI, a community loan fund organization, to support impact investing loan application and processes for organizations in Nevada. Provides small businesses access to affordable capital.
• American Red CrosscoreStrategic or Co-development Partner$500,000-level partner of American Red Cross Annual Disaster Giving Program (ADGP). Provides essential support in advance of disasters for immediate relief and survivor recovery assistance.
• Direct ReliefcoreStrategic or Co-development PartnerPartnership with Direct Relief's Emergency Preparedness and Response Program. Responds quickly and directly to specific requests from local partners with efforts coordinated with international organizations and government authorities.
• AmericarescoreStrategic or Co-development PartnerMember of Americares Rapid Impact and Support to Emergencies (RISE) program, supporting responses to more than 35 emergencies worldwide annually. Americares relief workers among first responders to restore health services.
• Team RubiconcoreStrategic or Co-development PartnerSupports Team Rubicon's Ready Reserve Fund allowing veteran-led humanitarian organization to provide services within days of disasters. Response operations include debris removal, route clearance, and expedient home repair.
• Vibrant Emotional HealthcoreStrategic or Co-development PartnerPartnership with Vibrant Emotional Health's Crisis Emotional Care Team (CECT) providing just-in-time mental health support and care for those in acute and longer-term recovery phases of disasters or crises.
• National Academy of MedicinecoreStrategic or Co-development PartnerFounding partner supporting Patient Safety in the Era of AI initiative launching spring 2026. Two-year effort to develop national strategy for leveraging AI to improve patient safety and reduce preventable harm across U.S. health system.
• AAMIcoreStrategic or Co-development PartnerFounding partner alongside Elevance Health Foundation for Patient Safety in the Era of AI initiative with National Academy of Medicine.
• Lions Clubs InternationalcoreStrategic or Co-development PartnerPartnership enabling Elevance Health Volunteer Days program engaging more than 15,000 volunteers who have donated 46,000 hours of service benefiting 3 million Americans since partnership began.
• BenevitycoreTechnology or IntegrationGrants management and associate engagement platform used for grant payments, associate donations, matching gifts, and volunteer opportunity posting. Organizations receive aggregated payments including donations, matches, and grants through the platform.
• American Cancer SocietyflagshipStrategic or Co-development PartnerSignature charity partner in Dollars for Dollars matching program. First million-dollar grant provided in 2010 to expand health equity in at-risk communities.
• American Heart Association/American Stroke AssociationflagshipStrategic or Co-development PartnerSignature charity partner in Dollars for Dollars matching program. Since 2012, Foundation has supported AHA's life-saving Hands-Only CPR campaign.
• Boys and Girls Clubs of AmericaflagshipStrategic or Co-development PartnerSignature charity partner. In 2014, received five-year $10 million grant to promote importance of healthy lifestyle.
• United Way WorldwideflagshipStrategic or Co-development PartnerSignature charity partner in Dollars for Dollars matching program supporting local affiliates and select health-related member agencies.
• St. Jude Children's Research HospitalflagshipStrategic or Co-development PartnerSignature charity partner in Dollars for Dollars matching program.
• American Red CrossflagshipStrategic or Co-development PartnerSignature charity partner in Dollars for Dollars matching program. Also major disaster relief partner.
• National Center for Victims of CrimeflagshipStrategic or Co-development PartnerSignature charity partner in Dollars for Dollars matching program.
• Creating Healthier CommunitiesflagshipStrategic or Co-development PartnerSignature charity partner in Dollars for Dollars matching program supporting local affiliates and member organizations.
• Healthy Birth DaycoreStrategic or Co-development PartnerExpanded support for Count the Kicks stillbirth prevention program helping organization reach 900,000 people across 10 states. Ryan Kelly and wife Emma serve as advocates after pregnancy loss in 2021.
• Centering Healthcare InstitutecoreStrategic or Co-development Partner$3 million investment to support and expand CenteringPregnancy program improving maternal health outcomes through group prenatal care.
• Morehouse School of MedicinecoreStrategic or Co-development Partner$1.7 million grant to Morehouse School of Medicine in Atlanta supporting interprofessional training program addressing maternal health with focus on enhanced communication, clinical-care coordination, and improved performance for marginalized communities.
• National WIC AssociationcoreStrategic or Co-development PartnerGrant enabled NWA to conduct analysis boosting WIC benefit redemption at farmers markets and develop new online community platform with training to state WIC agencies.
• Centering Healthcare InstitutecoreStrategic or Co-development Partner$3 million investment to expand CenteringPregnancy program support and accreditation services.
• ShatterproofcoreStrategic or Co-development Partner$5.4 million grant to improve SUD treatment by reducing stigma beliefs held by healthcare professionals about addiction, with emphasis on socially vulnerable populations, and support nationwide access to evidence-based resources.
• Centering Healthcare InstitutecoreStrategic or Co-development Partner$3 million investment to support and expand CenteringPregnancy program improving maternal health through group prenatal care.

Scale indicators18 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Cigna Foundation: Corporate philanthropic foundation of The Cigna Group, another large national health insurer. Operates health-focused grantmaking and community programs targeting health equity, making it the most directly comparable peer to Elevance Health Foundation.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/elevancefnd
• Facebookfacebook.com/ElevanceHealthFoundation

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments27 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elevance Health Foundation