BLUE CROSS BLUE SHIELD OF MICHIGAN FOUNDATION Charity Report

Public IRS 990 nonprofit record

BLUE CROSS BLUE SHIELD OF MICHIGAN FOUNDATION

EIN 38-2338506 · Health Care (E120)

What they do

THE BCBSM FOUNDATIONS MISSION is to SUPPORT HEALTHCARE RESEARCH and INNOVATIVE PROGRAMS DESIGNED to IMPROVE THE HEALTH of MICHIGAN RESIDENTS. OUR VISION is THAT MICHIGANS POPULATION WILL ENJOY IMPROVED HEALTH and ACCESS to QUALITY HIGH-VALUE CARE. THE FOUNDATION WILL BE A LEADER IN FOSTERING THE DEVELOPMENT of SOCIALLY RESPONSIBLE and INNOVATIVE SOLUTIONS to CRITICAL ISSUES THAT AFFECT THE HEALTH of MICHIGAN RESIDENTS. WE ACCOMPLISH OUR WORK BY VALUING: COMMITMENT to QUALITY PERFORMANCE; HONESTY, INTEGRITY, COLLABORATION, and TEAMWORK; EFFECTIVE and EFFICIENT USE of RESOURCES; EXCELLENCE IN PROGRAMS, GRANTS, and COMMUNICATIONS; AT THE BLUE CROSS BLUE SHIELD of MICHIGAN FOUNDATION, OUR TEAM is ALWAYS LOOKING for NEW WAYS to SUPPORT COMMUNITY INNOVATION THAT WILL ENSURE MICHIGANDERS CAN ENJOY BOTH ADVANCING BALANCED HEALTH CARE TREATMENT WITH UNIFORMITY IN HEALTY OUTCOMES; INCREASING ACCESS to HEALTH CARE, IMPROVING THE QULAIFTY of HEALTH CARE and INCREASING THE VALUE of HEALTH CARE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders9 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

126.82%of revenue went to mission work78.2% of expenses · Program services

$162.23spent for every $100 of revenueSpending was higher than revenue this year.

35.41%of revenue went to management and office costs21.8% of expenses

$17.70in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,229,825 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $752,427 for JAMES GRANT MD (EVP AND CHIEF MEDICAL OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,976,143

Mission workProgram services$2,506,166126.82% of revenue78.2% of expenses

ManagementOffice and general costs$699,80235.41% of revenue21.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$3,205,968162.23% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.2% mission · 21.8% management · 0.0% fundraisingTotal expenses: 162.23% of revenue

2023Expense mix: 76.7% mission · 23.3% management · 0.0% fundraisingTotal expenses: 290.55% of revenue

2022Expense mix: 77.1% mission · 22.9% management · 0.0% fundraisingTotal expenses: 263.28% of revenue

2021Expense mix: 82.0% mission · 18.0% management · 0.0% fundraisingTotal expenses: 24.84% of revenue

2020Expense mix: 75.1% mission · 24.9% management · 0.0% fundraisingTotal expenses: 840.71% of revenue

2019Expense mix: 74.7% mission · 25.3% management · 0.0% fundraisingTotal expenses: 714.77% of revenue

Money in and money out

Revenue$1,976,143

Expenses$3,205,968

Annual shortfall $1,229,825 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,506,166 · 78.2% of expenses

Management and office costs$699,802 · 21.8% of expenses

See all reported dollar amounts

Revenue$1,976,143

Expenses$3,205,968

Assets$56,730,363

Income$13,058,426

Mission work (program services)$2,506,166

Management and general$699,802

Executive compensation (total)$160,001

Stocks and bonds$56,015,865

Accounting fees$46,605

Investing fees$126,407

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JAMES GRANT MDEVP AND CHIEF MEDICAL OFFICER · 1 hrs/week $752,427Base · Other $752,427

LYNDA ROSSIPRESIDENT & EXEC VP · 1 hrs/week $263,268Base · Other $263,268

AUDREY J HARVEYEXECUTIVE DIRECTOR & CEO · 55 hrs/week $165,350Base · Other $165,350

SHAUNA RYDER DIGGS MDCHAIR & DIRECTOR · 1 hrs/week $45,000

JAMES HAVEMANTREASURER & DIRECTOR · 1 hrs/week $35,072

BRUCE WOLF DOVICE CHAIR & DIRECTOR · 1 hrs/week $30,000

HAIFA FAKHOURI PHDDIRECTOR · 1 hrs/week $25,072

PAUL HILLEGONDSDIRECTOR · 1 hrs/week $25,072

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (9)

JAMES GRANT MDEVP AND CHIEF MEDICAL OFFICER

LYNDA ROSSIPRESIDENT & EXEC VP

AUDREY J HARVEYEXECUTIVE DIRECTOR & CEO

SHAUNA RYDER DIGGS MDCHAIR & DIRECTOR

JAMES HAVEMANTREASURER & DIRECTOR

BRUCE WOLF DOVICE CHAIR & DIRECTOR

HAIFA FAKHOURI PHDDIRECTOR

PAUL HILLEGONDSDIRECTOR

THOMAS SIMMERFORMER DIRECTOR

About this charity

Recognized since: January 1981
Location: 600 EAST LAFAYETTE BLVD MC 1816, DETROIT, MI 48226-2927
County: Wayne
In care of: % DAVID JACKSON
Primary officer: MARYBETH KITZMILLER, Corporate Tax Advisor

How to reach them

WebsiteVisit the charity’s website Emailfoundation@bcbsm.com Phone(313) 225-6688 Officer phone(313) 225-9628

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: ERNST & YOUNG US LLP
NTEE classification: Health Care (E120)
IRS tax category: Other Grantmaking and Giving Services