INDIANAPOLIS, Nov. 20 WellPoint, Inc. (NYSE: WLP), todayannounced that associates nationwide pledged more than $15 million to supportnot-for-profit organizations around the country in 2008. The WellPointFoundation, Inc. one of the nation's largest corporate foundations, with netassets of nearly $200 million, will match 50 percent of associate pledgesincreasing the total to more than $23 million.
"We have a heritage of caring and a commitment to social responsibilitythat is reflected through the extraordinary generosity of our associates. Thatcommitment is integral to our corporate culture and central to our businesspractices at all levels of the company," said Angela Braly, president andchief executive officer of WellPoint, Inc. "This year our associates exceededour company-wide goal, representing an all-time high in giving."
The funds pledged will help more than 9,600 not-for-profit organizationsfulfill their missions to help people in times of need.
"At WellPoint we know there are thousands of charitable organizations inour states that need our support," Braly said. "I am honored by the incrediblegenerosity our associates showed and am touched at how our associates areliving out the mission of the organization in every day ways."
In addition to the associate giving campaign, the WellPoint Foundation andits subsidiary state foundations provide grants to support WellPoint'scorporate mission-to improve the lives of the people we serve and the healthof our communities. The WellPoint Foundation recently announced two signatureinitiatives-a three-year, $30 million dollar commitment to reduce the numberof uninsured, and a multigenerational approach to improving public health.
During 2007, the foundations funded $20 million in grants to numerousprograms across the country. In response to the devastating fires inCalifornia, an emergency grant of $50,000 was provided to the American RedCross, which was used to provide shelter, clothing, and supplies for peopleleft homeless by the fires. A $250,000 grant was also provided in response tothe tragedy at Virginia Tech to establish scholarships to promote culturalintegration.
"Through our foundations and our social responsibility programs, we putthe full weight of the company into finding lasting solutions to the socialissues we understand best-health care quality, affordability andaccessibility," said Caroline 'Caz' Matthews, president of the WellPointFoundation. "In the end, this focus allows us to have a measurable andsustainable impact on critical health care needs in the communities we serve."
About WellPoint, Inc.
WellPoint's mission is to improve the lives of the people it serves andthe health of its communities. WellPoint, Inc. is the largest health benefitscompany in terms of commercial membership in the United States. Through itsnationwide networks, the company delivers a number of leading health benefitsolutions through a broad portfolio of integrated health care plans andrelated services, along with a wide range of specialty products such as lifeand disability insurance benefits, pharmacy benefit management, dental,vision, behavioral health benefit services, as well as long term careinsurance and flexible spending accounts. Headquartered in Indianapolis,Indiana, WellPoint is an independent licensee of the Blue Cross and BlueShield Association and serves its members as the Blue Cross licensee forCalifornia; the Blue Cross and Blue Shield licensee for Colorado, Connecticut,Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in theKansas City area), Nevada, New Hampshire, New York (as Blue Cross Blue Shieldin 10 New York City metropolitan and surrounding counties and as Blue Cross orBlue Cross Blue Shield in selected upstate counties only), Ohio, Virginia(excluding the Northern Virginia suburbs of Washington, D.C.), Wisconsin; andthrough