Humana Foundation Inc
- Assets
- $467.3m
- Revenue
- $9.7m
- Investments
- $248.7m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 12/1982
- Data as of
- 12/2021
- EIN
- 61-1004763
Organization Overview
Humana Foundation Inc is located in Louisville, KY. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humana Foundation Inc 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 12/2021, Humana Foundation Inc generated $9.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $17.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Humana Foundation Inc has awarded 157 individual grants totaling $83,538,399. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AMERICA - THE FOUNDATION HAS MADE NO DISTRIBUTION IN WHICH IT MAINTAINS "SIGNIFICANT INVOLVEMENT" WITHIN THE MEANING OF REG. SEC. 53.4942(B)-1(B)(2).
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Board, Officers & Key Employees
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phd Media Llc Dba Phd Usa | 12/30/21 | $183,411 |
Proxicom Inc Dba Icrossing Inc | 12/30/21 | $65,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,079,227 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,665,340 |
| Capital Gain Net Income | $2,665,340 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,744,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $669,948 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $839 |
| Total operating and administrative expenses | $1,066,561 |
| Contributions, gifts, grants paid | $16,314,657 |
| Total expenses and disbursements | $17,381,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,495,919 |
| 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 | $63,907,961 |
| Investments—other | $545,101 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $162,113,533 |
| Total assets | $467,311,073 |
| Accounts payable and accrued expenses | $6,602,252 |
| Grants payable | $400,343 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,253,381 |
| Total liabilities | $9,255,976 |
Grants Awarded
Over the last fiscal year, Humana Foundation Inc has awarded $16,314,657 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
Newark, DE PURPOSE: PROGRAM GRANTS | $5,662,985 |
Newark, DE PURPOSE: MATCHING GIFTS | $1,208,778 |
Louisville, KY PURPOSE: HUMANA INNOVATION HUB FOR HEALTH AND SOCIAL JUSTICE TRANSFORMATION | $1,000,000 |
Saint Peter, MN PURPOSE: SCHOLARSHIP AWARDS | $725,400 |
Louisville, KY PURPOSE: SMIRF (SOCIAL, MORAL, INTELLECTUAL, REPUTATIONAL AND FINANCIAL) GRANT | $600,000 |
San Antonio, TX PURPOSE: FOOD EQUITY FOR SENIORS | $550,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Humana Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Veterans United Foundation Columbia, MO PURPOSE: PROGRAM SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
William R Kenan Jr Charitable Trust Chicago, IL | $564,490,046 | $137,606,226 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Polk Bros Foundation Inc Chicago, IL | $329,136,356 | $57,050,478 |
Pritzker Foundation Chicago, IL | $0 | $47,756,040 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |