Elevance Health Foundation Inc

INDIANAPOLIS, IN EIN: 35-2122763 Website

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

Under IRS private-foundation payout rules, Elevance Health Foundation Inc reported a distributable amount of $7.2M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

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.

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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

Indiana $84.5M (78%)

Illinois $8.2M (8%)

Virginia $3.0M (3%)

California $2.2M (2%)

Florida $1.7M (2%)

Massachusetts $1.4M (1%)

Ohio $1.4M (1%)

New York $1.4M (1%)

+19 more states

Cities

AbingdonAkronAlamedaAlbanyAlexandriaArlingtonAtlantaAttleboroAugustaBeverly HillsBostonBoulderBradentonBriarwoodBridgeportBrigantineBristolBrooklynCaryChesapeake

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Foundation

Elevance Health Foundation: Behavioral Health Grant

Elevance Health Foundation Inc

Amount

Varies

Deadline

Rolling / Open

Foundation

Elevance Health Foundation: Food as Medicine Grant

Elevance Health Foundation Inc

Amount

Varies

Deadline

Rolling / Open

Foundation

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

Among its reported 2024 grants, the largest include Feeding America ($2,350,000), Centering Healthcare Institute ($1,000,000), Shatterproof ($900,000).

Recipient	Purpose	Amount
Boys and Girls Club of America Atlanta, GA	BCBSA BGCA National Youth Mental Health Partnership	$250,000
Santa Maria Hostel Houston, TX	Caring for Two - Intervention, Treatment and Support program	$100,000
412 Food Rescue Pittsburgh, PA	Food Rescue Hero Program	$85,000
Chef Ann Foundation Boulder, CO	Bulk Milk in Schools program	$150,000
Child Center of NY Inc Forest Hills, NY	Perinatal Intensive Outreach Program	$75,000
ExtraFood Kentfield, CA	Sustainable Food Rescue program	$90,000
Food Forward North Hollywood, CA	Produce Recovery program	$90,000
Footprint Project Eagan, MN	Healthier Power Initiative	$130,000
We Don't Waste Inc Denver, CO	Food Recovery and Distribution program	$75,000
White Pony Express Pleasant Hill, CA	Food Rescue Program	$175,000

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

2025

**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 Medicine

Partnership with March of Dimes to support families through the NICU journey

Elevance Health Foundation and March of Dimes Partner to Support Families

**Associate Engagement:**

2025

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 Medicine

Contact Information

Elevance Health Foundation
220 Virginia Avenue
Indianapolis, IN 46204
foundation@elevancehealth.com

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Elevance Health Foundation Inc fund?

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…

How do I apply for a grant from Elevance Health Foundation Inc?

The Foundation partners with national and local nonprofits to innovate scalable programs that reduce health disparities by addressing community needs. **Recent Grant Activity:** • Awarded 29 new grants totaling more than $6.5 million to support maternal and infant health programs across the country • Awarded $2.3 million to advance Food as Medicine programs nationwide • Over the three-year period from July 2021 to July 2024, exceeded its $90 million commitment by awarding $97.3 million in grant…

Where does Elevance Health Foundation Inc make grants?

What size grants does Elevance Health Foundation Inc award?

In 2024, Elevance Health Foundation Inc awarded 160 grants totaling $33.4M — an average of about $209K per grant, based on its IRS Form 990 filings.

How much is Elevance Health Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Elevance Health Foundation Inc reported a distributable amount of $7.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Elevance Health Foundation Inc's EIN?

Elevance Health Foundation Inc's EIN (Employer Identification Number) is 35-2122763. IRS Form 990 filing data is available on this page for 2020–2024.