NonprofitsBlue Cross And Blue Shield Of Michigan Foundation

Health Care

Blue Cross And Blue Shield Of Michigan Foundation

DETROIT, MI

Total revenue

$2.0M

Total expenses

$3.2M

Net assets

$55.1M

Grants received

EIN

382338506

Tax year

2024

Mission

To support healthcare and innovative programs designed to improve the health of michigan residents.

Programs

2 programs

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. The 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 evalution projects and feasibility studies to test the implementation of innovative interventions to improve health outcomes. In 2024, eight researchers were awarded $405,500 in funding. Bcbsm founation supports michigan physicians who want to improve health care access and value, and the qulaity of their practices. In 2024 six physicians were awarded a total of $55,000 to address the needs of their communities. 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 proactice degree and doctoral sutdents in michigan. In 2024, we awarded 20 students at eight michigan universities a total of $59,423 over 12 months for research projects.

Expenses: $778KGrants: $446K

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 develop, write and submit health-related grants. Our grantees and their contracted grant writers have successfully created and submitted proposals to public agencies and private, community and corporate foundations. In 2024, seven organizations that focus on health access and interventions were awarded $14,656 to seek additional funding to fulfill their missions to improve health.

Expenses: $22KGrants: $13K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$2.0M
Other revenue
Total revenue$2.0M

Expenses

Grants paid$1.4M
Salaries & benefits$1.5M
Fundraising
Other expenses$295K
Total expenses$3.2M
Total assets$56.7M
Net assets$55.1M

People

9 listed

NameRoleCompensation

SHAUNA RYDER DIGGS MD

CHAIR & DIRECTOR

Board

$45K

1 hrs/wk

JAMES HAVEMAN

TREASURER & DIRECTOR

Board

$35K

1 hrs/wk

BRUCE WOLF DO

Vice chair & DIRECTOR

Board

$30K

1 hrs/wk

HAIFA FAKHOURI PHD

DIRECTOR

Board

$25K

1 hrs/wk

PAUL HILLEGONDS

DIRECTOR

Board

$25K

1 hrs/wk

JAMES GRANT MD

EVP and Chief Medical Officer

Board

1 hrs/wk

AUDREY J HARVEY

EXECUTIVE DIRECTOR & CEO

Board

55 hrs/wk

LYNDA ROSSI

PRESIDENT & EXEC VP

Board

1 hrs/wk

THOMAS SIMMER

FORMER DIRECTOR

Staff

0

Details

EIN382338506
NTEE codeE120
Subsection03
Ruling date1981-11
Formed1980
Employees0
Volunteers0