Montana Healthcare Foundation
The Montana Healthcare Foundation is a 501(c)(3) private foundation based in Bozeman, Montana. Established in 2013 as a result of the sale of Blue Cross Blue Shield of Montana, the foundation was created by state law to manage assets from this sale for public benefit. As a permanent foundation, it functions as a stable and reliable resource for improving health in Montana.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$5.2M
-7.4% YoY
Grant Count
162
-16.1% YoY
Avg Grant Size
$32K
+10.3% YoY
Mission & Focus Areas
The Montana Healthcare Foundation makes strategic investments to improve the health and well-being of all Montanans. The foundation contributes to a measurably healthier state by:
- Supporting access to quality and affordable health services
- Conducting evidence-driven research and analysis
- Addressing upstream influences on health and illness
- Providing funding, leadership, and expertise to help communities tackle Montana's most important health problems
The foundation prioritizes supporting the health and well-being of people and communities at increased risk for poor health outcomes because of income, geographic barriers, the availability and accessibility of health and social services, and health disparities.
Grantmaking
The foundation provides multiple forms of support to advance its mission:
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Geographic Focus
Where this funder awards grants
The foundation's primary focus is Montana, with some grantmaking activity in California.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $283,925,399 (as of 2024)
Annual Giving: $5,168,456 (2024)
Revenue: $30,150,934 (2024)
Expenses: $10,325,923 (2024)
Total Liabilities: $2,94,000 (2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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 Montana Healthcare Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Trustees:
- Paul Cook, Chair
- Gerald Gray, Vice-Chair
- William Underriner, Treasurer
- Michael Harrington, Secretary
- Judith Lapan, Trustee
- Joanne Pieper, Trustee
Executive Leadership:
- Aaron Wernham, CEO
- Price Klaas, Operations Director
- Scott Malloy, Program Director
- Tressie White, Program Director
- Kiely Houston, Data & Evaluation Manager
- Tracy Menuez, Senior Program Officer
Staff: The foundation employs 16 staff members.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL COOK | CHAIR | 10 | $36,000 |
| GERALD GRAY | VICE-CHAIR | 8 | $36,000 |
| WILLIAM UNDERRINER | TREASURER | 12 | $36,000 |
| MICHAEL HARRINGTON | SECRETARY | 7 | $36,000 |
| JUDITH LAPAN | TRUSTEE | 8 | $36,000 |
| JOANNE PIEPER | TRUSTEE | 9 | $36,000 |
| AARON WERNHAM | CEO | 40 | $342,498 |
Contact Information
Address: 777 East Main Street, Suite 201, Bozeman, Montana 59715
Phone: (406) 451-7060
Email: info@mthcf.org
Website: mthf.org
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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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