Blue Cross and Blue Shield of North Carolina Foundation
PO Box 30060, Durham, NC · IRS data through FY2023
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2023 | $6,752,351 | $28,645,255 | $188,758,833 |
| FY2022 | $27,071,633 | $23,760,734 | $197,910,839 |
| FY2021 | $27,558,288 | $24,525,750 | $238,784,988 |
| FY2020 | $16,657,211 | $19,572,193 | $195,141,097 |
| FY2019 | $94,431,007 | $11,029,363 | $203,566,036 |
| FY2015 | $3,766,621 | $9,602,943 | $101,829,453 |
| FY2014 | $8,775,332 | $11,682,650 | $107,306,211 |
| FY2013 | $4,556,217 | $5,130,656 | $104,004,541 |
| FY2012 | $13,441,888 | $12,091,147 | $98,613,253 |
| FY2011 | $11,511,218 | $12,063,784 | $96,089,427 |
Form 990 filings
The returns filed by Blue Cross and Blue Shield of North Carolina Foundation (EIN 56-2226009), including Form 990-PF PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Other revenue | $6,752,351 | 100% |
Grants paid
Total contributions, gifts and grants paid by year, as reported on Form 990-PF. Individual recipients are not published. See private foundations in NC. See the largest grantmakers.
| Tax year | Grants paid |
|---|---|
| FY2023 | $21,448,515 |
| FY2022 | $19,360,288 |
| FY2021 | $20,862,249 |
| FY2020 | $15,718,252 |
| FY2019 | $6,379,762 |
| FY2015 | $7,130,537 |
| FY2014 | $9,742,859 |
| FY2013 | $3,535,311 |
| FY2012 | $10,427,610 |
| FY2011 | $10,609,523 |
What the numbers show
- Other revenue made up 100% of total revenue in FY2023.
- Net assets covered about 79.1 months of expenses at the end of the reporting year. That puts it in the 43rd percentile among 1260 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue was higher than 96.5% of 1302 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue fell from $11,511,218 in FY2011 to $6,752,351 in FY2023. Revenue increased in 4 and decreased in 5 of 9 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 10 reported years (FY2011, FY2013, FY2014, FY2015, FY2020, FY2023).
- The highest revenue on record here is $94,431,007 in FY2019.
- Net assets grew from $96,089,427 to $188,758,833 between FY2011 and FY2023.
- Contributions and grants made up 87% of revenue in FY2011 and 0% in FY2023.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
IRS status
| Ruling year | 2002 |
| Subsection | 501(c)(3) |
| Classification | Private foundation |
| Program area (NTEE) | T21 — Philanthropy, Voluntarism & Grantmaking Foundations (in NC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation). |
Similar organizations
- Bolick Foundation — Conover, NC · $7,537,966
- Goodnight Educational Foundation — Cary, NC · $5,826,421
- R B Terry Charitable Foundation Inc — High Point, NC · $8,417,528
- John M Belk Endowment — Charlotte, NC · $2,550,432
- Crosland Foundation — Charlotte, NC · $1,113,591
- Community Foundation of Greater Greensboro Inc — Greensboro, NC · $19,207,070
- Charles A Cannon Charitable Trust n0 One — Concord, NC · $19,999,630
- State Employees Credit Union Foundation — Raleigh, NC · $20,266,593
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.