Cigna Foundation
- Assets
- $129.9m
- Revenue
- -$17.4m
- Investments
- $125.8m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/1964
- Data as of
- 12/2022
- EIN
- 23-6261726
Organization Overview
Cigna Foundation is located in Philadelphia, PA. The organization was established in 1964. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cigna Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Cigna Foundation has awarded 11,804 individual grants totaling $87,489,359. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIGNA FOUNDATION EXPENDED $56,551 IN 2019 TO CARRY OUT ITS HEALTH IMPROVEMENT TOUR, WHICH, IN COLLABORATION WITH PARTNER NONPROFIT ORGANIZATIONS, PROVIDED OVER TWO THOUSAND BIOMETRIC SCREENINGS AND HEALTH COACHING TO INDIVIDUALS IN AREAS TRADITIONALLY UNDERSERVED BY THE HEALTHCARE SYSTEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Cordani Director | 0.05 | $0 | |
Eric P Palmer Director | 0.05 | $0 | |
Nicole S Jones Director | 0.05 | $0 | |
Brian Evanko Director | 0.05 | $0 | |
Cynthia Ryan Board Chair & Director | 0.05 | $0 | |
Michael W Triplett Sr Member Of Board | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,248,284 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,673,660 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$17,425,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,764 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $576,065 |
| Total operating and administrative expenses | $631,829 |
| Contributions, gifts, grants paid | $16,579,324 |
| Total expenses and disbursements | $17,211,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,735,820 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,423,147 |
| Total assets | $129,916,879 |
| Accounts payable and accrued expenses | $80,520 |
| Grants payable | $542,055 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $622,575 |
Grants Awarded
Over the last fiscal year, Cigna Foundation has awarded $19,809,319 in support to 3,646 organizations.
| Grant Recipient | Amount |
|---|---|
1N10 INC PURPOSE: GENERAL OPERATING PURPOSES | $900 |
2 BLONDES ALL BREED RESCUE INC PURPOSE: GENERAL OPERATING PURPOSES | $62 |
24 FOUNDATION PURPOSE: GENERAL OPERATING PURPOSES | $100 |
4 PAWS FOR ABILITY INC PURPOSE: GENERAL OPERATING PURPOSES | $5 |
412 FOOD RESCUE INC PURPOSE: GENERAL OPERATING PURPOSES | $150 |
412 THRIVE PURPOSE: GENERAL OPERATING PURPOSES | $35 |