Aetna Foundation Inc
Aetna Foundation Inc is a private foundation based in Hartford, Connecticut. Its 2021 IRS filing is marked as the organization’s final return, indicating that it has terminated or is winding down; it therefore appears to have stopped or be ending its grantmaking.
Aetna Foundation Inc at a glance
In short: Aetna Foundation Inc gave $7.2M across 65 grants in 2021 (avg $110K), top state District of Columbia. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $7,157,897
- -42.0% vs 2020
- Grants made (2021)
- 65
- -99.3% vs 2020
- Average grant
- $110,121
- +8141.3% vs 2020
- Median grant
- $40,000
- Primary geography
- District of Columbia (21% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated October 2026.
How to apply to Aetna Foundation Inc
- How to Apply
-
The foundation’s final filing stated that it did not restrict giving to preselected organizations and that there were no restrictions on who could apply. It listed the foundation as the contact, referred applicants to its website for forms and materials, and said applications were vetted appropriately. These are instructions from the final filing and should not be treated as current application guidance.
- Review Cycle
- The final filing said deadlines varied and were noted on the foundation’s website. This information is not a current deadline.
- Deadline
- The final filing said deadlines varied and were noted on the foundation’s website.
- Contact
Application contact: Aetna Foundation
Mailing address: Wwwaetna-Foundationorg, Hartford, CT 06156
Phone: (860) 273-6382
Website: https://aetna-foundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Aetna Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2021
The largest 2021 recipient was American Public Health Association Inc ($1.1M across 5 grants). Together the top 10 received $5.6M.
Grant Size Distribution
9,304 grants across all recorded years
The most common grant size was under $50K: 9,223 grants of 9,304 (99%).
Geographic Focus
Where this funder awards grants
In 2021, the largest shares of grant dollars went to recipients in the District of Columbia and Connecticut, at 21% each; Massachusetts and California, at 14% each; and Texas, at 7%. The listed grants also included recipients in other states.
Grant Distribution by State
Share of 2021 grant dollars across all 65 itemized grants.
States
Cities
How Aetna Foundation Inc gives
- 84% of 2021 grantees were also funded in 2020. Method
- In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $7.2M (2021) to $12.3M (2020). In 2021 it made 65 grants totaling $7.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Public Health Association Inc NW Washington, DC | General Purpose | $1,000,000 |
| Partners Healthcare System Inc Somerville, MA | General Purpose | $500,000 |
| Hartford Bishops Foundation Inc Hartford, CT | General Purpose | $500,000 |
| Upstream USA Inc Oakland, CA | General Purpose | $500,000 |
| Partners Healthcare System Inc Somerville, MA | General Purpose | $500,000 |
| American Heart Association Inc Dallas, TX | General Purpose | $499,838 |
| Upstream USA Inc Oakland, CA | General Purpose | $400,000 |
| Northern Shenandoah Substance Abuse Coalition Winchester, VA | General Purpose | $250,000 |
| Americares Inc Stamford, CT | General Purpose | $225,000 |
| National Association of School Nurses Inc Silver Spring, MD | General Purpose | $213,750 |
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Financial History
Multi-year comparison from IRS filings
The 2020 filing reported 9,239 grants; the 2021 filing reported 65.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2021 | — | $22,051 | $4,640,007 | $7,157,897 | 65 | $7,157,897 | $20,494 | $610,772 |
| 2020 | $16,647,339 | $152,278 | $5,026,669 | $12,345,258 | 9,239 | — | $154,532 | $1,036,728 |
Under IRS private-foundation payout rules, Aetna Foundation Inc reported a distributable amount of $611K for 2021 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
An earlier profile describes the foundation’s mission as promoting wellness, health, and access to high-quality health care while supporting the communities served. Its 2021 grants included support for organizations whose own missions address a range of health and community needs. For example, the American Public Health Association describes its mission as advancing equitable health and well-being; the National Association of School Nurses focuses on student health and learning; and Community Health Center Inc. describes its work as improving health outcomes and building healthier communities through primary care, research, and training.
Other 2021 recipients included the American Heart Association, which describes its mission as promoting longer, healthier lives; Crisis Text Line, which works on access to mental health support; and the North Carolina Harm Reduction Coalition, which works on harm reduction, public health, and drug policy reform in North Carolina and the American South.
Grantmaking
In filing year 2021, the foundation reported 65 grants totaling $7,157,897. Grants ranged from $5,000 to $1,000,000, with a median grant of $40,000. All listed purposes for the largest grants were “general purpose.”
The largest reported awards included $1,000,000 to the American Public Health Association; $500,000 each to Partners HealthCare System, Hartford Bishops Foundation, and Upstream USA; and $499,838 to the American Heart Association. Other notable awards included $250,000 to Northern Shenandoah Substance Abuse Coalition, $225,000 to Americares, $213,750 to the National Association of School Nurses, and $136,195 to Hole in the Wall Gang Fund.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2021 filing listed Eileen H Boone as chairman and president; Garth Graham MD MPH as president and director; and James D Clark, John P Kennedy, and Joseph Krocheski as directors. It also listed Thomas S Moffatt as director, secretary, and legal counsel; Tracy L Smith as treasurer; Lindsay A Chuey as assistant treasurer; Edward Chung-I Lee as assistant secretary; and Peter R Oades as investment manager.
Aetna Foundation Inc is led by Amy A. Clark, Executive Director on every filing since 2020; none of the 11 officers listed in 2021 report compensation.
Officers on the 2021 filing
Amy A. Clark
Executive Director
On filings since 2020
40 hrs/week
No compensation reported
Garth Graham MD MPH
President & Director
President → President & Director, 2021
On filings since 2020
40 hrs/week
No compensation reported
Eileen H. Boone
Chairman & President
New on the 2021 filing
0.5 hrs/week
No compensation reported
James D. Clark
Director
On filings since 2020
0.5 hrs/week
No compensation reported
John P. Kennedy
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Joseph Krocheski
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Thomas S. Moffatt
Director, Secretary & Legal Counsel
On filings since 2020
0.5 hrs/week
No compensation reported
Edward Chung-I Lee
Assistant Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Lindsay A. Chuey
Assistant Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Peter R. Oades
Investment Manager
On filings since 2020
0.5 hrs/week
No compensation reported
Tracy L. Smith
Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Ellen H. Boone (2020) — Chairman
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Aetna Foundation Inc
How much does Aetna Foundation Inc give each year?
Aetna Foundation Inc gave $7.2M across 65 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $12.3M across 9,239 grants.
What is Aetna Foundation Inc's typical grant size?
Aetna Foundation Inc's median grant in 2021 was $40,000, and its average grant was $110,121, across 65 grants on its 2021 IRS Form 990-PF.
Where does Aetna Foundation Inc give grants?
Aetna Foundation Inc's top state is District of Columbia, with 21% of the grant dollars itemized on its 2021 IRS Form 990-PF. The next largest states were Connecticut (21%) and Massachusetts (14%). The most frequent recipient cities were Washington, DC (7 grants), Hartford, CT (6 grants), NW Washington, DC (5 grants) and Silver Spring, MD (4 grants).
Does Aetna Foundation Inc give general operating support?
Yes: 100% of Aetna Foundation Inc's 2021 grants with a stated purpose (65 of 65) were for general or operating support, per its 2021 IRS Form 990-PF.
Who are Aetna Foundation Inc's largest grantees?
Aetna Foundation Inc's largest 2021 grantees include American Public Health Association Inc ($1,140,856 across 5 grants), Upstream USA Inc ($1,000,000 across 3 grants) and Partners Healthcare System Inc ($1,000,000 across 2 grants), according to its 2021 IRS Form 990-PF. Together they received 44% of its itemized 2021 grant dollars.
What does Aetna Foundation Inc fund?
An earlier profile describes the foundation’s mission as promoting wellness, health, and access to high-quality health care while supporting the communities served. Its 2021 grants included support for organizations whose own missions address a range of health and community needs. See mission & focus areas ↑
How do I apply for a grant from Aetna Foundation Inc?
The foundation’s final filing stated that it did not restrict giving to preselected organizations and that there were no restrictions on who could apply. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Aetna Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Aetna Foundation Inc reported a distributable amount of $611K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Aetna Foundation Inc's EIN?
Aetna Foundation Inc's EIN (Employer Identification Number) is 23-7241940. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2021
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