CVS Foundation
Preselected recipients only
CVS Foundation is a private foundation in Woonsocket, Rhode Island. In tax year 2024 it gave $19.8 million in 778 grants; the typical grant was $1,500 and the largest $2.5 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$19.8 million
- Number of grants778
- Typical grant$1,500
- Largest grant$2.5 million
- Assets$194 million
- New grantees78%
Giving in 2024 was down from $27.4 million the year before.
78% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $27.4 million | 1,205 | $197 million |
| 2024 | $19.8 million | 778 | $194 million |
How to apply
CVS Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What CVS Foundation funds
Where it gives
Its grants went to recipients in 46 states, the most to Virginia.
| State | Grants | Amount |
|---|---|---|
| Virginia | 32 | $5.6 million |
| Massachusetts | 42 | $4.1 million |
| Connecticut | 70 | $1.9 million |
| Rhode Island | 49 | $1.8 million |
| Arizona | 35 | $1.5 million |
| Illinois | 59 | $1.2 million |
| District of Columbia | 17 | $789,400 |
| Georgia | 17 | $786,500 |
| New York | 40 | $759,596 |
| North Carolina | 20 | $669,560 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Boston Foundation Inc | Small grant | $2.5 million |
| United Negro College Fund Washington DC | Large multi-year grant | $1.0 million |
| American Lung Association | Large multi-year grant | $875,000 |
| March of Dimes Arlington Va | Large multi-year grant | $800,000 |
| Valleywise Health Foundation | Small grant | $700,000 |
| Valleywise Health Foundation | Small grant | $700,000 |
| Hispanic Health Council Inc | Small grant | $691,675 |
| Charities Aid Foundation America | Small grant | $526,766 |
| American Heart Benamerican Heart Association Inc | Large multi-year grant | $500,000 |
| Good Samaritan Health Center | Small grant | $500,000 |
| Women & Infants Hospital of Riprovidence Ri | Large multi-year grant | $500,000 |
| Charities Aid Foundation America | Small grant | $457,748 |
| American Association of Colleges of Pharmacy (Aacp) | Cvs health student award | $453,600 |
| Charities Aid Foundation America | Small grant | $419,021 |
| Charities Aid Foundation America | Small grant | $404,356 |
| Charities Aid Foundation America | Small grant | $399,771 |
| Brigham & Womens Hospital Boston Ma | Small grant | $343,388 |
| Charities Aid Foundation America | Small grant | $308,917 |
| Charities Aid Foundation America | Small grant | $290,168 |
| Charities Aid Foundation America | Small grant | $253,101 |
| Share Our Strength | Volunteer challenge grants | $250,000 |
| American Diabetes Association Arlington Va | Large multi-year grant | $250,000 |
| Gods Love We Deliver New York Ny | Large multi-year grant | $250,000 |
| United Way of the Greater Triangle | Small grant | $250,000 |
| NRF Foundation | Small grant | $249,100 |
| Charities Aid Foundation America | Small grant | $248,365 |
| Charities Aid Foundation America | Small grant | $244,249 |
| CVS Foundation | Small grant | $239,362 |
| Charities Aid Foundation America | Small grant | $237,318 |
| Charities Aid Foundation America | Small grant | $230,883 |
| Center for Better Aging | Small grant | $200,000 |
| Georgia State University Research Foundation Inc | Small grant | $200,000 |
| Housing Works Health Services III Inc | Small grant | $200,000 |
| Palm Healthcare Foundation Inc | Small grant | $200,000 |
| Seattle Foundation Seattle Wa | Small grant | $200,000 |
| North Carolina Community Foundation Inc | Small grant | $150,000 |
| Central California Food Bank | Small grant | $125,000 |
| Parkinsons Foundation New York Ny | Large multi-year grant | $125,000 |
| Samaritans Purse Boone NC | Small grant | $125,000 |
| Americares Foundation Inc | Small grant | $100,000 |
Officers and trustees
- Sheryl A Burke
- Thomas S Moffatt
- Jennifer McColloch
- Robert S Healy
- Carol A Denale
- Kelleen Savage
- Walter D Woods
- Joshua C Cole
- Melanie K St Angelo
- Mario Rivera Becerra
- James D Clark
- Tracy L Smith
- Michelle Gourdine
- Carrah M Calat
- Brian Henry
Questions people ask
Does CVS Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does CVS Foundation give?
$19.8 million in tax year 2024, across 778 grants, with a typical grant of $1,500.
Who runs CVS Foundation?
Its 2024 filing lists Sheryl A Burke (President & Director), Thomas S Moffatt (Vice President/Secretary/Director), Jennifer McColloch (Vice Pres/Asst Secretary (As of 10/24)) and Robert S Healy (Vice Pres/Asst Treas (As of 11/24)) among 15 officers and trustees.
What does CVS Foundation fund?
Based on its grants, mainly health, education and youth programs.