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The 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.
Focus
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. To maximize impact, the Foundation's funding
priorities targets
its philanthropy. Projects
should
demonstrate strong community support, evidence of ongoing financial support,
and significant
potential
for replication.
History
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.
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