Blue Cross And Blue Shield Of Michigan Foundation is located in Detroit, MI. The organization was established in 1981. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Cross And Blue Shield Of Michigan Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Blue Cross And Blue Shield Of Michigan Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT HEALTHCARE AND INNOVATIVE PROGRAMS DESIGNED TO IMPROVE THE HEALTH OF MICHIGAN RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HEALTH INNOVATION, ACCESS, AND QUALITY ADDRESSED BY THE GRANTS PROVIDED IN THE REQUEST FOR PROPOSAL PROGRAM AND THE COMMUNITY HEALTH MATCHING GRANT PROGRAM. THROUGH OUR COMMUNITY HEALTH MATCHING GRANT PROGRAM, WE WORK WITH HEALTH PROFESSIONALS AND COMMUNITY LEADERS AT NONPROFIT ORGANIZATIONS TO DEVELOP POPULATION LED, COMMUNITY-INSPIRED PROGRAMS OR IMPLEMENT EVIDENCE-BASED PROGRAMS TO ADDRESS COMMUNITY-IDENTIFIED NEEDS AND EVALUATE MEASURABLE PROGRAMMATIC AND HEALTH OUTCOMES. IN 2022, WE PARTNERED WITH 30 ORGANIZATIONS PROVIDING MATCHING GRANTS TO HELP ADDRESS THE VALUE OF, AND ACCESS TO, HEALTH CARE, WHILE IMPROVING HEALTH CARE OUTCOMES. THE FOUNDATION DOESN'T JUST WAIT FOR GRANT APPLICATIONS. WITH THE REQUEST FOR PROPOSAL PROGRAM, WE REACH OUT TO MICHIGAN-BASED SAFETY NET ORGANIZATIONS THAT PRIMARILY SERVE THE UNINSURED, UNDERINSURED, MEDICAID RECIPIENTS AND OTHER VULNERABLE POPULATIONS. OUR GOAL IS TO SOLICIT PROPOSALS THAT ALIGN WITH AREAS OF NEED THAT WE IDENTIFY. THE FOUNDATION'S REQUEST FOR PROPOSALS PROGRAM IS GUIDED BY LISTENING AND LEARNING SESSIONS WITH COMMUNITY LEADERS AND GATHERING DATA. WE AIM TO SOLICIT REQUESTS FOR PROPOSALS THAT ARE POPULATION LED AND COMMUNITY INSPIRED. IN 2022 WE ADDRESSED THE FOLLOWING HEALTH ISSUES 1. ADVANCING MATERNAL HEALTH EQUITY 2. BLACK-LED MENTAL HEALTH PARTNERSHIP PILOT PROGRAM 3. CREATING COMMUNITY CONNECTIONS AND SPACES 4. OPIOID SETTLEMENT DOLLARS INVESTMENT SUPPORT THE BCBSM FOUNDATION, WITH OUR FUNDING PARTNERS, SUPPORTED 19 ORGANIZATIONS THROUGHOUT MICHIGAN TO ADDRESS COMMUNITY-IDENTIFIED NEEDS.
RESEARCH GRANT AWARDS ARE MADE TO ADDRESS THE COST AND QUALITY OF HEALTH CARE. THESE AWARDS ARE MADE TO MICHIGAN RESEARCHERS, PHYSICIANS AND STUDENTS AT UNIVERSITIES, AND HOSPITALS. BEFORE AN INNOVATIVE IDEA CAN BE IMPLEMENTED, IT MUST FIRST BE TESTED. THE INVESTIGATOR-INITIATED RESEARCH PROGRAM IS DESIGNED FOR MICHIGAN RESEARCHERS, ENABLING THEM TO TURN THEORY INTO DATA AND DATA INTO KNOWLEDGE. THESE GRANT PARTNERS OFTEN INCREASE THEIR INFLUENCE IN ACADEMIC CIRCLES AND COMMUNITY PLATFORMS TO INFORM AND SHAPE FUTURE THOUGHT AND IMPROVEMENT. OUR INVESTIGATOR-INITIATED RESEARCH AWARD PROGRAM PROVIDES GRANTS TO DOCTORAL-LEVEL RESEARCHERS TO ADDRESS CRITICAL GAPS IN HEALTH-RELATED RESEARCH, EXAMINE FACTORS THAT MAY PREVENT OR REDUCE THE RISK FOR DISEASE, EXAMINE ASSOCIATIONS AND CAUSE AND EFFECT RELATIONSHIPS BETWEEN HEALTH VARIABLES, SECONDARY DATA ANALYSIS OF LARGE DATASETS, HEALTH CARE COST-ANALYSIS STUDIES, ROBUST EVALUATION PROJECTS AND FEASIBILITY STUDIES TO TEST THE IMPLEMENTATION OF INNOVATIVE INTERVENTIONS TO IMPROVE HEALTH OUTCOMES. THE RESULTS OF THE PILOT STUDIES SHOULD LEAD TO RESEARCH DISSEMINATION AND A GRANT APPLICATION TO THE NATIONAL INSTITUTES OF HEALTH OR OTHER FEDERAL AGENCIES FOR FUNDING TO ADVANCE THE RESEARCH. IN 2022, WE PARTNERED WITH EIGHT RESEARCHERS TO HELP WITH INCREASING RESEARCH NEEDED TO DEVELOP INNOVATIVE SOLUTIONS TO HEALTHCARE ISSUES. THE PHYSICIAN INVESTIGATOR RESEARCH AWARDS ALLOWS BCBSM FOUNDATION TO SUPPORT MICHIGAN PHYSICIANS WHO SEEK TO IMPROVE THE QUALITY, COST OR ACCESS TO HEALTH CARE FOR RESIDENTS THROUGH PILOT STUDIES, FEASIBILITY STUDIES OR SMALL RESEARCH PROJECTS. THE HELP PROVIDED TO THESE PHYSICIANS GIVES THEM THE ASSISTANCE THEY NEED TO DEVELOP INNOVATIVE AND EVIDENCE-BASED RESEARCH GRANTS THAT ADDRESS URGENT HEALTH ISSUES, HEALTH INEQUITIES, SOCIAL DETERMINANTS OF HEALTH AND HEALTH CARE ACCESS, QUALITY AND COST. IN 2022, FIVE PHYSICIANS RECEIVED SUPPORT WITH THEIR RESEARCH TO ADDRESS THE NEEDS OF THEIR PATIENTS. AS A FREQUENT PARTNER OF MICHIGAN UNIVERSITIES AND RESEARCHERS, THE FOUNDATION IS ACUTELY AWARE OF THE IMPORTANCE OF HIGHER EDUCATION. WITHOUT PROPERLY TRAINED PROFESSIONALS, MICHIGAN WOULD HAVE LITTLE HOPE OF CREATING EFFECTIVE AND EFFICIENT SOLUTIONS TO THE MANY HEALTH ISSUES THAT PEOPLE FACE EVERY DAY. THE STUDENT AWARD PROGRAM SUPPORTS THE HEALTH-RELATED RESEARCH OF MEDICAL, TERMINAL-PRACTICE DEGREE AND DOCTORAL STUDENTS IN MICHIGAN. THE FOUNDATION UNDERSTANDS THAT FUNDING STUDENT RESEARCH PROVIDES FUTURE PROFESSIONALS WITH THE HELP NEEDED TO COVER EXPENSES AND OFFERS PROFESSIONAL DEVELOPMENT AND AN OPPORTUNITY TO BECOME A PUBLISHED RESEARCHER. IN 2022, THE FOUNDATION SUPPORTED THE RESEARCH OF 17 STUDENTS AT SEVEN MICHIGAN UNIVERSITIES.
GRANT FUNDING IS ONE WAY NONPROFITS MEET THEIR MISSION. HOWEVER, MANY NONPROFITS DON'T HAVE A GRANT WRITER ON STAFF OR THE ABILITY TO HIRE A CONTRACT GRANT WRITER TO DEVELOP AND SUBMIT HEALTH-RELATED GRANTS. THE PROPOSAL DEVELOPMENT AWARD PROVIDES NONPROFITS WITH FUNDING TO CONTRACT A GRANT WRITER TO CREATE, WRITE AND SUBMIT HEALTH-RELATED GRANTS. OUR GRANTEES AND THEIR CONTRACTED GRANT WRITERS HAVE SUCCESSFULLY DEVELOPED AND SUBMITTED PROPOSALS TO PUBLIC AGENCIES AND PRIVATE, COMMUNITY AND CORPORATE FOUNDATIONS. IN 2022, WE WERE PROUD TO SUPPORT SIX ORGANIZATIONS TO SUPPORT THEIR NEEDS FOR ADDITIONAL FUNDING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Treasurer & Director | OfficerTrustee | 1 | $35,072 |
Name Not Listed President & Exec VP | OfficerTrustee | 1 | $0 |
Name Not Listed Chair & Director | OfficerTrustee | 1 | $45,000 |
Name Not Listed Director | Trustee | 1 | $30,000 |
Name Not Listed Medical Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $25,072 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $173,315 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $173,315 |
Total Program Service Revenue | $0 |
Investment income | $1,157,421 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$209,310 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,121,426 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,368,183 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,416,185 |
Compensation of current officers, directors, key employees. | $576,786 |
Compensation to disqualified persons | $0 |
Other salaries and wages | -$17,952 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $47,001 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $14,680 |
Information technology | $11,209 |
Royalties | $0 |
Occupancy | $62,156 |
Travel | $36,910 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $2,952,454 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,430,247 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $275 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $195,643 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $50,013,642 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $51,639,807 |
Accounts payable and accrued expenses | $88,417 |
Grants payable | $1,985,129 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $480,420 |
Total liabilities | $2,553,966 |
Net assets without donor restrictions | $47,784,474 |
Net assets with donor restrictions | $1,301,367 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $51,639,807 |