Overall giving in 2018 increasing to more than
$14 million, highest-ever annual total for foundation, and
20 percent more than in 2017
Focus areas to include headquarters hometown of
Louisville, Ky. and several other Humana ‘Bold Goal’
communities
The Humana Foundation, philanthropic arm of Humana Inc. (NYSE:
HUM) for the past 37 years, today announced the details of its
planned health-focused community investing work for 2018 in its
headquarters hometown of Louisville, Ky., as well as in seven
additional communities where the foundation intends to make
significant community investments this year.
Strategic Community Investments in
‘Bold Goal’ communities
Through the foundation’s new Strategic Community Investments
work, it will invest $6.5 million in nonprofit organizations
operating in eight communities, including Humana’s headquarters
hometown of Louisville, Ky., plus San Antonio; New
Orleans, Baton Rouge, La.; Knoxville, Tenn.;
Tampa Bay, Fla.; Jacksonville, Fla.; and Broward
County, Fla. Each investment will be no smaller than
$500,000.
These are all communities where Humana Inc., in 2015, began
pursuing its 2020 ‘Bold Goal’ to “improve the health of the
communities we serve 20 percent by 2020 because we make it easy for
people to achieve their best health.”
“Through our new Strategic Community Investments work, the
Humana Foundation is signaling its intent to transition from a
‘funder of programs’ to an ‘investor in results,’” said Walter
Woods, CEO of the Humana Foundation. “With these major investments,
we intend to target community models that can be scaled for maximum
impact, focused on the broader gains that will result from the
achievements our partner organizations will be able to make. And
they’ll need to clearly demonstrate that by detailing targets and
milestones as part of the application process.”
Organizations that receive a Humana Foundation Strategic
Community Investment in 2018 will then have an opportunity to
receive continuing funding for one or two additional years – based
on the specific results they achieve over a 12-month period.
Also starting in 2018, the Humana Foundation has begun work to
identify partner organizations – at the national, regional and
local level – because joining forces with like-minded entities can
result in more impactful, broad-based and sustainable change.
Louisville focus for Strategic Investments:Post-Secondary Success (sustained employment); Asset
Security
“As we announced earlier this year, the Louisville investments
will go to nonprofit organizations that help residents here achieve
post-secondary success (sustained employment), and asset security:
organizations that connect people to resources that offer training
and credentialing, allowing them to be hired for a job they keep,
that pays a living salary, and offers opportunity for career
mobility,” Woods said. “We want more people to protect the assets
they are cultivating with the goal of building financial security
that will lead to financial stability and then ultimately financial
mobility.”
Focus for Strategic Investments in Humana’s additional Bold Goal
communities:Food Security; Social
Connection
In each of its Bold Goal communities, Humana is addressing
Social Determinants of Health, particularly food security and
social connection. Complementary to Humana Inc.’s Bold Goal work,
the Humana Foundation will begin making Strategic Community
Investments in nonprofit organizations whose results ensure that
people have daily access to healthy food, and that people are
making the social connections they need to improve and sustain
positive health outcomes.
“In those communities outside of Louisville, the community
investments we make in 2018 will go to identifying and scaling
organizations with the greatest impact on improving and sustaining
positive health outcomes for socially isolated and food-insecure
residents,” Woods said. “These root-cause influencers on health
clearly have an impact on people’s ability to live healthy lives,
and we are in a position to partner with nonprofit organizations to
positively impact these issues.”
Application Process:
Any organization – or consortium of organizations – interested
in applying for a Humana Foundation Strategic Community Investment
must fill out a Request for Application (RFA) and submit it to the
Humana Foundation no later than April 27, 2018. After reviewing all
RFAs it receives, the Humana Foundation will then ask a group of
finalist organizations to go through a more detailed application
process in May. (A link to the online RFA will be available on the
“Our Investments” page of the Humana Foundation website beginning
April 1, 2018.)
Headquarters Hometown Community
Relations
Through a new Headquarters Hometown Community Relations
initiative, the Humana Foundation will award an additional $2
million to Louisville-area organizations in 2018, with slightly
more than $1 million of that in grants ranging from $25,000 up to a
maximum of $100,000. Organizations interested in applying for one
of these grants will do so later this year, when the foundation
will make final details of the program available. Also as part of
this program, nearly $1 million will go to established foundation
partners such as Metro United Way and the Fund for the Arts.
And, building on 2017 when Humana employees reported
volunteering 108,000 hours in the Louisville area, the foundation
will incorporate a significant new skills-based volunteerism
component into the Community Relations initiative. This will result
in more Humana employees in Louisville putting their strongest
business skills to work for area nonprofits.
The focus for these grants will be organizations providing
critical safety-net services as well as those focused on civic and
cultural opportunities.
“As the largest employer in downtown Louisville and the largest
publicly traded company based in Kentucky – we understand the
unique needs and expectations of a company like ours in our
headquarters hometown,” Woods added. “This program – in addition to
our new Strategic Community Investments work – will improve and
sustain more positive health outcomes.”
Additional Giving
The foundation will give an additional $5.5 million in
2018 through an array of popular long-standing programs such as its
matching-gifts program for Humana employees, Humana Foundation
scholarships to children of employees, and disaster-relief support,
to name just some examples. The foundation has increased its
matching gifts for all Humana employees in 2018 who choose to take
advantage of the program.
The $14 million in total planned philanthropy for 2018
represents the most the Humana Foundation has contributed in a
year, and is approximately 20 percent more than the foundation gave
in 2017, when it awarded $11.6 million – which also represented the
foundation’s highest-ever one-year giving total.
“We are making significant changes in 2018 at the Humana
Foundation, in part, because the communities we serve have
increasingly greater needs,” Woods said. “The Humana Foundation’s
future work will address root causes and, therefore, have the
potential of creating improved and sustained positive health
outcomes. We’re excited not only about the results we will be able
to achieve, but also the human gains that will come from achieving
those results.”
About the Humana
Foundation
The Humana Foundation was established in 1981 as the
philanthropic arm of Humana Inc., one of the nation’s leading
health and well-being companies. Located in Louisville, Ky., the
Foundation seeks to co-create communities where leadership,
culture, and systems work to improve and sustain positive health
outcomes. For more information, visit humanafoundation.org.
Humana and the Humana Foundation are dedicated to Corporate
Social Responsibility. Our goal is to ensure that every business
decision we make reflects our commitment to improving the health
and well-being of our members, our employees, the communities we
serve, and our planet.
About Humana
Humana Inc. is committed to helping our millions of medical and
specialty members achieve their best health. Our successful history
in care delivery and health plan administration is helping us
create a new kind of integrated care with the power to improve
health and well-being and lower costs. Our efforts are leading to a
better quality of life for people with Medicare, families,
individuals, military service personnel, and communities at
large.
To accomplish that, we support physicians and other health care
professionals as they work to deliver the right care in the right
place for their patients, our members. Our range of clinical
capabilities, resources and tools – such as in-home care,
behavioral health, pharmacy services, data analytics and wellness
solutions – combine to produce a simplified experience with the
goal of making health care easier to navigate and more
effective.
More information regarding Humana is available to investors via
the Investor Relations page of the company’s website
at humana.com, including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission
filings
- Most recent investor conference
presentations
- Quarterly earnings news releases and
conference calls
- Calendar of events
- Corporate Governance information.
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version on businesswire.com: https://www.businesswire.com/news/home/20180327005301/en/
Humana Corporate CommunicationsKate Marx,
502-271-9288kmarx1@humana.com
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