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PRESS RELEASE

IBC Foundation awards grants of nearly $700,000 to date in 2012

Latest grants distributed in support of two primary initiatives: caring for the most vulnerable and building healthy communities

Philadelphia, PA — July 3, 2012 — Today, the Independence Blue Cross (IBC) Foundation announced that it had awarded nearly $700,000 in grants to date in 2012. The nine grants targeted two primary areas of focus for the Foundation: caring for the most vulnerable and building healthy communities.

“The IBC Foundation, launched in October 2011, builds upon Independence Blue Cross’ seven-decade long and deep social commitment to our community,” said Lorina Marshall-Blake, president of the IBC Foundation. “Through our work each day to transform how health care is delivered, build healthier communities, and spur innovation, the Foundation will help create a more viable health system for generations to come. These grants are the most recent example of that work.”

The IBC Foundation focuses on caring for the most vulnerable through the Blue Safety Net program, which provides grants to private, nonprofit health clinics or other entities that deliver quality, cost-effective care to primarily uninsured people in medically underserved areas. Today, the IBC Foundation announced grants totaling $300,000 to four organizations:

Through its Building Healthy Communities initiative, the IBC Foundation seeks to partner with community leaders and programs to improve the health and wellness of the people of southeastern Pennsylvania. Today, the IBC Foundation announced grants totaling almost $400,000 to five organizations:

Since its launch in October 2011, the IBC Foundation has awarded more than $2 million in Blue Safety Net grants to 34 private, nonprofit community health clinics that provide high quality, cost-effective primary, medical, and dental care to 145,000 uninsured and underinsured men, women, and children.

In total, the IBC Foundation has supported more than 80 grants in a five-county region surrounding Philadelphia, totaling more than $3.6 million, including $1 million in Nurses for Tomorrow grants to 22 area nursing programs to fund scholarships to strengthen the nursing workforce through education, career development and research.

About the Independence Blue Cross Foundation
Launched in October 2011, the Independence Blue Cross Foundation is an independent, private foundation whose mission is to transform health care through innovation in the communities it serves. The IBC Foundation complements and expands upon Independence Blue Cross’s 74-year commitment to improving the health and wellness of the people of southeastern Pennsylvania. The IBC Foundation targets the following areas of impact: