Magellan Cares Foundation Inc
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Magellan Cares Foundation Inc
Magellan Cares Foundation Inc is a US nonprofit organization categorized as a health-focused charitable entity. The foundation's primary mission is to improve the health and well-being of individuals and communities through large-scale health access and quality improvement initiatives. These initiatives often include support for social determinants of health such as housing, food, clothing, and self-improvement opportunities.
Financial Operations
The foundation's financial operations are primarily based on contributions, with charitable disbursements constituting the bulk of its expenses. For instance, in fiscal year 2022, the organization reported contributions totaling $415,372, with almost all of this amount dedicated to charitable purposes[1].
Organizational Structure
Magellan Cares Foundation Inc does not list compensation for its officers or employees, indicating that either they are unpaid or their compensation is included within charitable disbursements. Key roles within the organization include positions like CEO and directors[1].
Parent Company Affiliation
Although Magellan Cares Foundation Inc is not a direct subsidiary of Magellan Health, it shares a similar mission focus and is associated with Magellan Health's community engagement efforts. Magellan Health is a for-profit managed health care company focused on special populations and complete pharmacy benefits management[2][3].
Purpose and Activities
The foundation's activities are centered on enhancing health access and quality across national and large-scale initiatives. This includes supporting social components crucial to maintaining a quality healthcare system, such as access to basic needs and personal development opportunities[3][4].
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