CORRECTION - HealthEquity Community Foundation Expands National Impact with $50,000 in Grants

Rhea-AI Summary

HealthEquity Community Foundation (NASDAQ:HQY) has announced a new round of charitable grants totaling $50,000 distributed among 20 nonprofit organizations nationwide. The foundation's funding focuses on four key areas: health and medicine, mental health and crisis support, financial education and literacy, and basic human needs.

The foundation is undergoing a leadership transition, with Stephanie Larsen set to replace retiring president Dale Miller later this year. Notably, the foundation has increased its support for mental health initiatives by 50% since its first funding round. The next grant cycle is currently open through September 30, 2025.

Funding supports 20 nonprofit organizations focused on physical and mental health, financial literacy, and basic needs as the foundation grows and welcomes a new leader

DRAPER, Utah, Aug. 12, 2025 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by HealthEquity, Inc., please note that the list of organizations that received funding in the summer 2025 grant cycle has been updated. The corrected release follows:

The HealthEquity Community Foundation today announced its latest round of grant recipients, awarding $50,000 in total funding to 20 charitable nonprofit organizations representing a diverse range of communities from nearly every region of the country. The funding will support a range of operational activities, from providing food and clothing to delivering expert medical care and services.

“These resources will be put to work helping our most vulnerable populations by providing free dental, vision, and medical care,” said Cyndi Ankiewicz, executive director of California CareForce. “The demand for these services is immense, and there is nothing more satisfying than supporting and helping our neighbors in need.”

California CareForce exemplifies the kind of community-centered work the foundation supports across all four of its focus areas: health and medicine, mental health and crisis support, financial education and literacy and basic human needs.

The foundation has steadily increased funding across all of its core focus areas. This round reflects this commitment to holistic community wellness — including a 50 percent increase in support for mental health initiatives since the first round of funding. In addition to this latest funding round, the organization will also welcome a new leader later this year.

“It’s been an honor to help launch the HealthEquity Community Foundation and support mission-aligned nonprofits that are making a difference in the communities we call home,” said Dale Miller, president of the HealthEquity Community Foundation. “As I prepare for retirement, I’m proud of what we’ve built — and excited for Stephanie Larsen to lead the next chapter with the same passion and purpose that have defined the organization since its inception.”

Larsen, who will assume the role of president later this year, has worked at HealthEquity for more than a decade and has a deep public health background that informs her work in benefits and wellness.

“The organizations we support are innovating across the spectrum of community need,” said Larsen, incoming president of the HealthEquity Community Foundation. “As we grow, our goal is to continue investing in work that connects health and financial well-being — particularly among vulnerable or underserved groups.”

The next grant cycle is open now through Sept. 30, 2025. Eligible 501(c)(3) organizations are encouraged to apply online.

The following organizations received funding in the summer 2025 grant cycle:

1. The Road Home
2. Coact
3. Brave Hearts Riding
4. Grand Rapids Youth Commonwealth Inc.
5. Jacob’s Heart Children’s Cancer Support Services
6. Lone Star Community Health Center
7. The Road Home Dane County
8. Crisis Center for South Suburbia
9. Clayton Child Care Inc.
10. The Samaritan Center – Simi Valley
11. Families Matter Food Pantry Inc.
12. Community Inclusion Program Inc.
13. California CareForce
14. Friends of Parkside
15. Cape May Community Food Closet Inc.
16. Project MEND
17. Harbor Health Services
18. Community Services of Ocean County
19. American Indian Health and Family Services of Southeastern MI
20. Scarlet Hope

The HealthEquity Community Foundation will be providing and announcing additional funding rounds twice each year, and details about its mission and work can be found online.

About HealthEquity
HealthEquity and its subsidiaries administer HSAs and various other consumer-directed benefits for over 17 million accounts, working in close partnership with employers, benefits advisors, and health and retirement plan providers who share our unwavering commitment to our mission of saving and improving lives by empowering healthcare consumers. Through cutting-edge solutions, innovation, and a relentless focus on improving health outcomes, we empower individuals to take control of their healthcare journey while enhancing their overall well-being. Learn more about our “Purple service” and approach at www.healthequity.com.

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FAQ

How much did HealthEquity Community Foundation (HQY) grant in its summer 2025 funding round?

The foundation granted $50,000 in total funding to 20 charitable nonprofit organizations across the country.

Who is the new president of HealthEquity Community Foundation?

Stephanie Larsen, a HealthEquity veteran of over a decade with public health background, will assume the role of president later in 2025, replacing retiring president Dale Miller.

What are the four focus areas of HealthEquity Community Foundation's grants?

The foundation focuses on health and medicine, mental health and crisis support, financial education and literacy, and basic human needs.

When does the next HealthEquity Foundation grant cycle close?

The next grant cycle is open through September 30, 2025. Eligible 501(c)(3) organizations can apply online.

How has HealthEquity Foundation's mental health funding changed since its first round?

The foundation has increased its support for mental health initiatives by 50% since its first round of funding.