The CareSource Foundation is a 501(c)(3) public charity based in Dayton, Ohio, established in 2006. It operates as a supporting organization of CareSource and CareSource Michigan, advancing healthcare access and community health initiatives. The foundation invests in nonprofit organizations working to improve health outcomes and address social determinants of health affecting underserved populations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-7.3% YoY
Annual Giving
$3.0M
-10.3% YoY
Grant Count
52
-48.0% YoY
Avg Grant Size
$58K
+72.5% YoY
Mission & Focus Areas
The CareSource Foundation is organized and operated to further the charitable purposes of Internal Revenue Code Section 501(c)(3) organizations within the CareSource Public Charities. Since 2006, the foundation has awarded more than $35.5 million to nonprofits working to eliminate poverty, provide services to low- and moderate-income families, encourage healthy communities, develop innovative approaches to critical health issues, and enhance the lives of children, adults, and families.
The foundation focuses on the following priority areas:
- Support health education and promote healthy habits
- Improve maternal, infant, and child health
- Support individuals with disabilities and other complex populations to live independently
- Reduce health disparities and advance health equity
- Develop innovative approaches to address critical health issues
Grantmaking
The foundation awarded approximately $3.1 million to $3.2 million in grants in 2024. Typical grant awards range from $6,000 to $332,940. The foundation maintains at least one active grant opportunity: the CareSource Foundation Community Grant.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Ohio, North Carolina, and Georgia. Recent grant activity has also extended to Nevada, where the foundation invested $300,000 in community health innovation grants.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $1,053,870
- Total Revenue: $3,680,093
- Total Expenses: $3,421,600
- Net Income: $258,493
- Total Liabilities: $58,000
Grant Distribution:
- Total Giving (2024): $3,145,400
The foundation maintains a four-star rating based on accountability and financial metrics.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,053,870 | $1,136,861 | $1,633,400 |
| Revenue | $3,680,093 | $3,668,665 | $3,532,442 |
| Expenses | $3,421,600 | $3,687,168 | $4,648,757 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $180,093 | $168,665 | $32,442 |
| 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
213 grants across all recorded years
Open Grants
1 open opportunity from The CareSource Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Erhardt Preitauer runs the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Erhardt Preitauer | President, Trustee | 1 | — |
| Richard Topping | Secretary/Trustee (To 5/31) | 1 | — |
| Edward Stubbers | Secretary/Trustee (Eff 6/1) | 1 | — |
| Ellen Leffak | Trustee | 1 | — |
| J Thomas Maultsby | Trustee | 1 | — |
| James Gross | 2nd Vice Chair, Trustee | 1 | — |
| Kenneth Herr | Vice Chair, Trustee | 1 | — |
| Ro Nita Hawes-Saunders | Chair, Trustee | 1 | — |
| William Marstellar | Trustee | 1 | — |
| Lawrence Smart | Treasurer | 1 | — |
| Jai Pillai | Former Chief Operating Ofr | — | — |
Recent News & Activity
Recent developments and announcements
The CareSource Foundation invested $300,000 in community health innovation grants to improve health outcomes across Nevada communities. The foundation also hosts the annual Hearts for Hope event, which brings together sponsors and supporters to fund foundation initiatives and grant-making activities.
CareSource Foundation Invests $300000 in Community Health ...Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The CareSource Foundation 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