About the Fund
Nearly all the healthcare conversion foundations across the country were converted from health plans or hospitals to private foundations. However, when it converted from Central Mass Health Care, Inc., The Health Foundation of Central Massachusetts, Inc. intentionally sought to retain the plan’s tax exempt status as a 501(c)4 organization in order to retain the capacity to lobby. The Health Foundation’s ability to lobby has been strategically woven into its grantmaking, most notably in the Health Care & Health Promotion Synergy Initiative, where advocacy and lobbying are expected to secure sustainability of the projects.
A negative aspect of the 501(c)4 tax status is that contributions to it are not tax deductible. In 2000, The Health Foundation created The Health Foundation Fund, Inc. as a 501(c)3 fundraising affiliate to support the purpose and mission of The Health Foundation through donations, memorial contributions and gifts of life insurance.
The Health Foundation Fund, Inc. is governed by a Board of Directors.
The current term of service is one year.
Officers and Board Members:
Francis M. Saba, MHSA, Chairman
Timothy M. Bibaud, JD, Vice Chairman
Randall V. Becker, CPA, MBA, Treasurer
Barent W. Walsh, PhD, Secretary
Gisela Velez, MD, MPH, Assistant Secretary
Janice B. Yost, EdD, President