Elevance Health Foundation Inc
Elevance Health Foundation Inc is the philanthropic arm of Elevance Health, Inc., operating as a private grantmaking foundation based in Indianapolis, Indiana. Established in 2002, the Foundation has spent 25 years committed to improving lives and communities across the United States through strategic philanthropy and community partnerships.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$139.9M
-13.0% YoY
Annual Giving
$33.4M
+6.2% YoY
Grant Count
160
+66.7% YoY
Avg Grant Size
$209K
-36.3% YoY
Mission & Focus Areas
The Foundation promotes Elevance Health's commitment to improving lives and communities by addressing health disparities and the social drivers that affect them. The Foundation recognizes that health extends beyond healthcare and focuses on the physical, behavioral, and social needs of under-resourced communities.
Current priority focus areas include:
- Maternal Health/Child Health – Supporting pre-conception care, pregnancy, delivery, postpartum, and infant health with emphasis on reducing disparities and improving outcomes
- Food as Medicine – Funding programs that identify food-insecure patients during medical visits and connect them to food banks providing access to nutritious food
- Behavioral Health/Substance Use Disorder – Addressing mental health conditions and substance use challenges
- Community Resiliency and Disaster Relief – Supporting communities in building resilience and responding to disasters
Grantmaking
The Foundation partners with national and local nonprofits to innovate scalable programs that reduce health disparities by addressing community needs.
Ready to take the next step with Elevance Health Foundation Inc?
Geographic Focus
Where this funder awards grants
The Foundation funds programs and initiatives across the United States, with a particular emphasis on under-resourced communities. The Foundation has historically used innovative social-mapping technology and public-health data analysis to identify major health issues at the state and zip-code levels to target initiatives.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $140 million
- Revenue: $9.74 million
- Expenses: $30.7 million
- Total Liabilities: $23.9 million
Five-Year Commitment: The Foundation announced a new five-year, $150 million commitment for 2025–2029, coinciding with its 25th anniversary.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $139,880,517 | $160,795,195 | $127,610,610 |
| Revenue | $9,741,175 | $53,899,936 | $21,565,395 |
| Expenses | $30,725,329 | $28,670,037 | $48,783,465 |
| Qualifying Distributions | $36,037,663 | $32,593,941 | $29,330,905 |
| Net Investment Income | $13,383,493 | $5,479,573 | $3,337,160 |
| Distributable Amount | $7,237,489 | $6,448,863 | $6,648,071 |
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
103 grants across all recorded years
Open Grants
3 open opportunities from Elevance Health Foundation Inc
Elevance Health Foundation: Behavioral Health Grant
Elevance Health Foundation Inc
Amount
Varies
Deadline
Rolling / Open
Elevance Health Foundation: Food as Medicine Grant
Elevance Health Foundation Inc
Amount
Varies
Deadline
Rolling / Open
Elevance Health Foundation: Maternal and Child Health Grant
Elevance Health Foundation Inc
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Lance Chrisman – President of Elevance Health Foundation
Shantanu Agrawal, M.D. – Chief Health Officer, Elevance Health
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
**February 2025:** Elevance Health Foundation announced its new five-year, $150 million commitment aimed at addressing the physical, behavioral, and social needs of under-resourced communities. The expanded multi-lever approach includes grantmaking, impact investing, associate community engagement, and the new Community Action Leadership initiative.
Elevance Health Foundation Awards $2.3 Million to Advance Food as Medicine**Recent Grant Awards:**
$6.5 million awarded to 29 organizations for maternal and infant health programs
Elevance Health Foundation Awards $2.3 Million to Advance Food as Medicine$2.3 million committed to new Food as Medicine programs across the country
Elevance Health Foundation Awards $2.3 Million to Advance Food as MedicinePartnership with March of Dimes to support families through the NICU journey
Elevance Health Foundation and March of Dimes Partner to Support Families**Associate Engagement:**
The Foundation supports employee volunteerism through Elevance Health Volunteer Days. In 2025, 154 volunteer projects distributed 973,872 pounds of food to reduce food insecurity.
Elevance Health Foundation Awards $2.3 Million to Advance Food as MedicineContact Information
Elevance Health Foundation
220 Virginia Avenue
Indianapolis, IN 46204
foundation@elevancehealth.com
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Lupke Foundation Inc Agency
FORT WAYNE, IN
Assets
$1.4M
Grants
22
Total Given
$76K
Harold Ellison Tuw for Jones Cemetery 002189
MUNCIE, IN
Assets
$442K
Grants
1
Total Given
$9K
John Carroll Club of South Bend Inc
SOUTH BEND, IN
Assets
—
Grants
1
Total Given
$220K
Buchanan-clements Foundation Inc
COLUMBUS, IN
Assets
$261K
Grants
3
Total Given
$16K
Harold Ellison Scholarship Fund 002188
MUNCIE, IN
Assets
$1.1M
Grants
1
Total Given
$62K
Alatash Foundation Inc
DYER, IN
Assets
$15K
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Elevance Health Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities