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Filing year 2024

CVS FOUNDATION

Woonsocket, Rhode Island·EIN 22-3206973·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$15.9M
Total assets
$194.3M
Total expenses
$21.6M
Reported officers
21

Reported officers (all unpaid)

No paid executives reported in 2024. CVS FOUNDATION reported 21 unpaid officers and board members on its 990-PF.

President & Director
Vice President/secretary/director
Vice Pres/asst Secretary (as of 10/24)
Assistant Secretary (thru 9/24)
Assistant Treasurer
Assistant Secretary
Vice Pres/asst Treas (as of 11/24)
Vice Pres/treas/dir(thru 07/24)
Director
Director
Director
Director
Director
Director
Director (as of 3/8/24)
Director
Director (as of 12/7/23)
Director (thru 12/8/24)
Director (thru 5/1/24)
Director (thru 3/8/24)
Vice President

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$21.4M

Itemized grants

778

Median grant

$2k

RecipientLocationPurposeAmount
BOSTON FOUNDATION INCBOSTON, MASMALL GRANT$2.5M
UNITED NEGRO COLLEGE FUND WASHINGTON DCBOSTON, MALARGE MULTI-YEAR GRANT$1M
AMERICAN LUNG ASSOCIATIONCHICAGO, ILLARGE MULTI-YEAR GRANT$875k
MARCH OF DIMES ARLINGTON VAARLINGTON, VALARGE MULTI-YEAR GRANT$800k
VALLEYWISE HEALTH FOUNDATIONPHOENIX, AZSMALL GRANT$700k
VALLEYWISE HEALTH FOUNDATIONPHOENIX, AZSMALL GRANT$700k
HISPANIC HEALTH COUNCIL INCHARTFORD, CTSMALL GRANT$692k
CHARITIES AID FOUNDATION AMERICAALEXANDRIA, VASMALL GRANT$527k
AMERICAN HEART BENAMERICAN HEART ASSOCIATION INCDALLAS, TXLARGE MULTI-YEAR GRANT$500k
GOOD SAMARITAN HEALTH CENTERATLANTA, GASMALL GRANT$500k
WOMEN & INFANTS HOSPITAL OF RIPROVIDENCE RIPROVIDENCE, RILARGE MULTI-YEAR GRANT$500k
CHARITIES AID FOUNDATION AMERICAALEXANDRIA, VASMALL GRANT$458k
AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY (AACP)ARLINGTON, VACVS HEALTH STUDENT AWARD$454k
CHARITIES AID FOUNDATION AMERICAALEXANDRIA, VASMALL GRANT$419k
CHARITIES AID FOUNDATION AMERICAALEXANDRIA, VASMALL GRANT$404k
CHARITIES AID FOUNDATION AMERICAALEXANDRIA, VASMALL GRANT$400k
BRIGHAM & WOMENS HOSPITAL BOSTON MABOSTON, MASMALL GRANT$343k
CHARITIES AID FOUNDATION AMERICAALEXANDRIA, VASMALL GRANT$309k
CHARITIES AID FOUNDATION AMERICAALEXANDRIA, VASMALL GRANT$290k
CHARITIES AID FOUNDATION AMERICAALEXANDRIA, VASMALL GRANT$253k
SHARE OUR STRENGTHWASHINGTON, DCVOLUNTEER CHALLENGE GRANTS$250k
AMERICAN DIABETES ASSOCIATION ARLINGTON VAARLINGTON, VALARGE MULTI-YEAR GRANT$250k
GODS LOVE WE DELIVER NEW YORK NYNEW YORK, NYLARGE MULTI-YEAR GRANT$250k
UNITED WAY OF THE GREATER TRIANGLEDURHAM, NCSMALL GRANT$250k
NRF FOUNDATIONWASHINGTON, DCSMALL GRANT$249k
Compare this foundation's grantees

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

CVS FOUNDATION2024
$239k
Financial trend

Revenue and expenses over time

CVS FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$34M
$28.6M
2023
$15.9M
$21.6M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Rhode Island

CVS FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Rhode Island earns a median of $18,000.

25th percentile
$7k
Median
$18,000
75th percentile
$46k
90th percentile
$97k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 133 organizations across 133 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Rhode Island →
FAQ

Common questions about CVS FOUNDATION

What are CVS FOUNDATION's revenue and expenses?

In 2024, CVS FOUNDATION reported $15.9M in total revenue and $21.6M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.

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