The Elevance Health Foundation, the philanthropic arm of Elevance Health Inc., has announced a five-year, $150 million commitment to address health disparities across the country.

The strategy aims to strengthen foundation efforts to address the physical, behavioral, and social needs of under-resourced communities. Key initiatives will include grantmaking, impact investing, associate community engagement, and a new Community Action Leadership initiative that aims to define philanthropy’s role in addressing large community health needs and incentivize action for change.

“As we enter our 25th year of service, our foundation is reimagining how we can make a lasting impact,” said Elevance Health Foundation president Lance Chrisman. “While we still have our key focus areas—maternal-infant, food as medicine, behavioral health, and community resiliency and disaster relief—the initiatives we’re implementing will deepen our commitment to strengthening our communities.”

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