EIN 36-4685801

Independence Blue Cross Foundation

Name: Independence Blue Cross Foundation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

Unknown

City

Philadelphia

State

Pennsylvania

Year formed

2011

Most recent tax filings

2022-12-01

NTEE code, primary

T20: Private Foundations

Description

In October 2011, Independence Blue Cross (IBC) launched a charitable, private foundation — the Independence Blue Cross Foundation — with a mission to transform health care through innovation in the communities it serves. The IBC Foundation complements and expands upon IBC’s nearly 80-year commitment to improving the health and wellness of their neighbors in southeastern Pennsylvania. The IBC Foundation funds programs and initiatives that advance caring for their region’s most vulnerable, enhance health care delivery, and build healthy communities.

Total revenues

$1,000,827

2022

Total expenses

$12,873,110

2022

Total assets

$118,000,941

2022

Num. employees

n/a

Grants made by Independence Blue Cross Foundation

Grantee	Grant description	Grant year	Amount
Social Impact Fund	Health Equity - Research	2022-12	$1,000,000
Trustees of the University of Pennsylvania Retiree Medical and Death Benefits Trust	Access To Care - West Philadelphia Initiative	2022-12	$500,000
Public Health Managment Corporation	Access To Care - West Philadelphia Initiative	2022-12	$500,000
...and 149 more grants made totalling $11,383,752

Who funds Independence Blue Cross Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
National Board of Medical Examiners (NBME)	2022-12	Contribution - See Part Iv	$25,000
IBEW Local #98 Labor Management Cooperative Committee	2022-12	Financial Support	$7,500

Personnel at Independence Blue Cross Foundation

Name	Title	Compensation	Date of data
Heather Major	She and Her Executive Director		2023-10-09
David C. Moore	He and Him Director, Foundation Initiatives		2023-10-09
Courtney Stefan	She and Her Manager, Foundation Initiatives		2023-10-09
Zaynah Henry	Manager, Foundation Initiatives		2021-11-06
Juan A Lopez	Treasurer	$0	2023-11-15

Financials for Independence Blue Cross Foundation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$187,474	$15,127,408	-98.8%
Investment income and dividends	$3,445,263	$2,271,135	51.7%
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-2,734,910	$6,775,385	-140.4%
Gross sales of inventory	$0	$0	-
Miscellaneous revenues	$103,000	$100,422	2.6%
Total revenues	$1,000,827	$24,274,350	-95.9%

Form 990s for Independence Blue Cross Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990PF	View PDF
2021-12	2022-11-15	990PF	View PDF
2020-12	2021-11-15	990PF	View PDF
2019-12	2021-05-10	990PF	View PDF
2018-12	2020-01-15	990PF	View PDF
...and 8 more Form 990s

Organizations like Independence Blue Cross Foundation

Organization	Type	Location	Revenue
Kenneth Whalen Family Foundation	501(c)(3)	San Diego, CA	$2,769,040
The Spiros Segalas Charitable Trust	501(c)(3)	New York, NY	$786,197
Maria L Ransburg Charitable Foundation	501(c)(3)	Naples, FL	$276,408
Humble Heart - Gentle Soul Foundation	501(c)(3)	Parma, OH	$2,632,660
Via-Bradley College of Engineering Foundation	501(c)(3)	Sioux Falls, SD	$2,177,393
Turner Family Charitable Foundation	501(c)(3)	Pensacola, FL	$4,667,191
Dillon Foundation	501(c)(3)	Sterling, IL	$2,730,180
Lockwood Partners Foundation	501(c)(3)	Columbus, GA	$3,609,704
Memorial Foundation for Children	501(c)(3)	Richmond, VA	$1,365,735
The Hoehn Family Charitable Trust Catheryn E Hoehn Trustee	501(c)(3)	Chicago, IL	$1,282,298

Data update history

January 7, 2024

Posted financials

Added Form 990PF for fiscal year 2022

December 29, 2023

Received grants

Identified 2 new grant, including a grant for $25,000 from National Board of Medical Examiners (NBME)

December 26, 2023

Used new vendors

Identified 1 new vendor, including

October 10, 2023

Updated personnel

Identified 5 new personnel

August 6, 2023

Posted financials

Added Form 990PF for fiscal year 2021

Nonprofit Types

Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities

Issues

No issues found

Characteristics

Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees

General information

Address: 1901 Market St; Philadelphia, PA 19103
Metro area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County: Philadelphia County, PA
Website URL: ibxfoundation.org/about-us/meet-our-team.html
Phone: (855) 422-3386
Twitter profile: @ibxfdn

IRS details

EIN: 36-4685801
Fiscal year end: December
Taxreturn type: Form 990-PF
Year formed: 2011
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: T20: Private Foundations
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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Independence Blue Cross Foundation

Grants made by Independence Blue Cross Foundation

Who funds Independence Blue Cross Foundation

Personnel at Independence Blue Cross Foundation

Financials for Independence Blue Cross Foundation

Form 990s for Independence Blue Cross Foundation

Organizations like Independence Blue Cross Foundation

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