The Wellmark Foundation is a private, non-profit foundation created by Wellmark Blue Cross and Blue Shield of Iowa.
The Wellmark Foundation seeks to measurably improve the health of Iowans, South Dakotans, and their communities.
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.
The Foundation provides matching funds to non-profit organizations
[501(c)(3)] or public/governmental entities to help local communities establish
or expand projects that impact health status. The 2015 funding focus of the Foundation is wellness and prevention initiatives that are designed to improve the health of a community, and will result in a lasting footprint where we live, work and play. Projects
demonstrate strong community support, evidence of ongoing financial support,
Details will be available on our website after Dec. 1, 2014.
In 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.