About Cvs Foundation
The CVS Foundation appears to channel major, place-based philanthropic support through intermediary community foundations rather than directly to many nonprofits. Their single large grant to The Boston Foundation suggests a strategy of using regional grantmakers to distribute funds for local health and community needs, signaling an emphasis on collective, community-level impact in the Boston area. This indicates a preference for strategic, high-dollar gifts to trusted intermediaries that can deploy resources across multiple service areas.
Focus Areas
Place-based community philanthropy in Greater Boston (funding via The Boston Foundation)Pooled funding for local health and social service needs administered by community foundationsSupport for intermediary grantmaking to address community resilience and coordinated local responses
Who They Fund
students / scholarship recipientsnonprofit organizations (recipients of general purpose and foundation grants)employees/colleagues (donor-directed matching programs)disaster-affected communities
About Cvs Foundation
A $2.46 million grant to The Boston Foundation stands out in the recent record and points to how Cvs Foundation often works: through larger intermediary institutions that can distribute resources across local health and community needs. That approach fits a foundation whose active programs emphasize multi-sector health partnerships, community health systems, and targeted investments in care access. The grant list also shows repeat support for national health organizations such as United Negro College Fund, March of Dimes, American Heart Association, and American Lung Association, alongside community-facing recipients like Valleywise Health Foundation and Women & Infants Hospital of Rhode Island. The foundation’s portfolio reaches across maternal health, healthy aging, chronic disease management, mental health, and access to care. It funds both institutional programs and direct grants, including multi-year awards. Several program descriptions indicate partnership-based grantmaking rather than open solicitation, with support routed through named initiatives such as Health Zones, Innovations in Community Health, and coordinated care partnerships. The result is a mix of national health philanthropy and place-based investments tied to specific health outcomes.
What Cvs Foundation Funds
Maternal health appears prominently in the grant record. Cvs Foundation gave $800,000 to March of Dimes Inc for a large grant, and another $500,000 to Women & Infants Hospital of Rhode Island for a multi-year grant. The active DrEaMH initiative also supports mobile vans, birth partners, doula care, and postpartum programming for high-risk pregnancies in Suffolk County, Massachusetts. The foundation also backs chronic disease and access-to-care work. It gave $1.43 million to the National Association of Free & Charitable Clinics for coordinated care focused on diabetes, hypertension, wraparound services, and social determinants of health, and $1 million to Essential Hospitals Institute. Health equity and health education show up in grants to organizations such as Alliance for a Healthier Generation and the Hispanic Health Council. Those awards align with active priorities around community health centers, social services, and better outcomes for underserved populations.
How Cvs Foundation Gives
Cvs Foundation’s typical grant size is small relative to its largest awards: the 25th percentile is $1,000, the median is $2,500, and the 75th percentile is $4,500. The recent grant list still includes a smaller set of six- and seven-figure institutional gifts, suggesting a dual pattern of many modest grants plus a few large strategic commitments. Several recipients recur across years, including March of Dimes, United Negro College Fund, American Lung Association, and Every Mother Counts, which points to ongoing relationships rather than one-off support. The foundation is a company-affiliated foundation and also makes matching gifts tied to colleague donations, as shown by a Charities Aid Foundation America entry labeled for colleague donations.
Financial Snapshot
Annual Giving
$19.8M
Total Assets
$194.3M
Total Revenue
$15.9M
Total Expenses
$21.6M
Typical Grant Size
Most grants fall between $1K and $5K, with a median of $3K.
25th Percentile
$1K
Median
$3K
75th Percentile
$5K
Geographic Reach
National52 states funded
About 5% of grants go to recipients in PA.
Funding intensity
LowHigh
Headquarters
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