he Wellmark Foundation is a private, non-profit foundation created by Wellmark Blue Cross and Blue Shield of Iowa.
Vision
The Wellmark Foundation seeks to measurably improve the health of Iowans, South Dakotans, and their communities.
Mission The mission of the Wellmark Foundation is to
efficiently and effectively facilitate the continual improvement of
health status within Iowa and South Dakota communities by providing
financial and technical assistance.
FocusThe Foundation provides first-dollar funds or seed money,
to non-profit organizations [501(c)(3)] or public/governmental entities
to help local communities establish or expand projects that impact
health status. Projects should demonstrate strong community support,
evidence of ongoing financial support, and significant potential for
replication.
HistoryIn 1991, the IASD Health Services Corp. (now Wellmark,
Inc.) Board of Directors appropriated $5 million for the establishment
of a 501(c)(3) private foundation under 509(a) of the Internal Revenue
Code. The endowment has subsequently grown through additional corpus
investments and portfolio earnings. |