BCBSM Foundation Inc
BCBSM Foundation Inc is a private grantmaking foundation established by Blue Cross and Blue Shield of Minnesota. Based in Saint Paul, Minnesota, the foundation has been tax-exempt since May 1988. The organization is classified as a 501(c)(3) entity and operates as a company-sponsored foundation dedicated to improving community health outcomes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$79.0M
+2.4% YoY
Annual Giving
$4.6M
-4.8% YoY
Grant Count
51
-8.9% YoY
Avg Grant Size
$90K
+4.5% YoY
Mission & Focus Areas
The foundation's mission is to build strong community partnerships to advance racial and health equity. The organization focuses on building healthy generations so families, young people, and seniors can achieve their healthiest life.
The foundation supports programs designed to improve community conditions that have an impact on the health of children and families, with special emphasis directed toward:
- Equitable systems
- Social connections
- Stable lives
- Vibrant communities
Grantmaking
The foundation is an active grantmaker with significant annual giving capacity. In 2023, the foundation awarded 56 grants totaling over $4.8 million to nonprofit organizations across Minnesota.
Grant Range
$10,000 - $100,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation focuses on Minnesota statewide, with particular concentration in the Minneapolis/St. Paul area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
- Total Assets: $79 million (Net Assets: $77.7 million)
- Revenue: $2.05 million
- Expenses: $6.52 million
- Total Liabilities: $1.26 million
- Net Income: -$4.47 million
The foundation's revenue sources include contributions (representing the majority of funding).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $78,989,404 | $77,106,995 | $73,666,071 |
| Revenue | $2,052,517 | $3,697,623 | $13,502,864 |
| Expenses | $6,523,057 | $6,882,326 | $6,035,193 |
| Qualifying Distributions | $5,993,668 | $6,486,867 | $6,158,118 |
| Net Investment Income | $1,510,840 | $4,586,842 | $3,274,475 |
| Distributable Amount | $3,332,167 | $3,667,849 | $3,361,337 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
2 open opportunities from BCBSM Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Carolyn Link serves as President of the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK STEFFEN MD | VICE CHAIR | — | — |
| BUKATA HAYES | BOARD CHAIR | — | — |
| DANA ERICKSON | DIRECTOR | — | — |
| PAUL SAND | SECRETARY | — | — |
| ANN HOWES | ASST SECRETARY | — | — |
| MAY VANG | TREASURER | — | — |
| NASH SHAIKH | DIRECTOR | — | — |
| KRISTINE RHODES | DIRECTOR | — | $500 |
| CAROLYN LINK | PRESIDENT | 40 | $394,242 |
| EMILY PIPER | DIRECTOR | — | $2,000 |
Contact Information
- Website: https://www.bluecrossmnfoundation.org/
- Phone: 651-662-9538 or 866-812-1593
- Email: foundation@bluecrossmnfoundation.org
- Address: P.O. Box 64560, Saint Paul, MN 55164-0560
- EIN: 36-3525653
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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