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The Health Foundation of Central Massachusetts

2018 Message from the Chairman of the Board & the President


                              
          

As the Foundation begins its 19th year, our assets are valued at $73 million, the highest net worth since the Foundation’s creation with $42 million in 1999.  During this time, extreme market volatility has delivered three cycles of wide fluctuation generating a range in our investment portfolio from $40 million to $70 million.  As a result, our annual grant budgets have ranged from $1.6 million to $2.7 million, with 2018 expected to be one of our largest annual distributions.

We are pleased to announce that the Activation Fund is open in 2018 to new applications, and we expect to award grants totaling approximately $800,000.  We encourage interested applicants to review the guidelines and discuss with Dr. Amie Shei their potential proposal and its fit prior to submitting a letter of intent by April 5, 2018.   

Although it is not open to new applications this year, we will continue our support for the current multi-year Synergy Initiative projects with grants totaling more than $1.5 million.  We invite you to learn more about these collaborative efforts and explore with us any interest you may have in partnering on these projects:   ReImagine North of Main – enhancing economic and neighborhood development in downtown Fitchburg; Worcester HEARS – addressing adverse childhood experiences by creating environments which build students’ resiliency and academic achievement in the Worcester Public Schools; and the Worcester Regional Food Hub – strengthening the local food system, expanding access to locally grown healthy foods, and incubating local food entrepreneurs.

Importantly, since its founding, the Foundation has made grants totaling nearly $40 million to 172 organizations, who often partner with others, to improve the health of those who live or work in Central Massachusetts.  Our grantees have attracted $15 million from other funders for these projects, and their advocacy has led to systems changes that have generated more than $47 million in direct funding to sustain the changes after our funding ended.  Thus, a positive impact has been and continues to be made on oral health, children’s mental health, access to healthcare, child abuse, homelessness, and healthy eating.

We welcome Dr. Sejal M. Daga to the Board and Community Members Ms. Sheilah H. Dooley and Mr. Kevin J. Grozio to Foundation Committees. We would welcome those who wish to join us in financially supporting the Synergy Initiative projects by contributing to The Health Foundation Fund, the fundraising affiliate of the Foundation.  We look forward to continuing to support substantive community efforts to improve the region’s health.

Sincerely,

 

            

 

Francis M. Saba, M.H.S.A. 
Chairman

 

   Janice B. Yost, Ed.D. 
   President & CEO