HealthEquity Community Foundation Launches with Mission to Build Financial Literacy and Healthcare Confidence

Rhea-AI Summary

HealthEquity, Inc. (Nasdaq: HQY), a leader in Health Savings Account (HSA) and consumer-directed benefits administration, has announced the launch of its HealthEquity Community Foundation. The foundation aims to build healthcare literacy and confidence across the United States by providing grants to nonprofit charitable organizations.

The foundation will focus on four key areas: Health & Medicine, Financial Education and Literacy, Mental Health & Crisis Support, and Basic Human Needs. In its first year, the foundation has committed to providing grants to organizations working in these areas, with a particular emphasis on serving under-resourced communities and addressing healthcare inequities.

Jon Kessler, president and CEO of HealthEquity, stated that this initiative expands on the company's two-decade-long commitment to making a difference in local communities. Dale Miller, President of the Foundation, emphasized that this is a formal extension of HealthEquity's longstanding commitment to empowering communities.

Positive

• Launch of HealthEquity Community Foundation to support nonprofit charitable organizations
• Expansion of HealthEquity's community engagement efforts
• Focus on four key areas: Health & Medicine, Financial Education, Mental Health, and Basic Human Needs
• Potential for positive impact on underserved communities and healthcare inequities

Negative

• None.

Newly created foundation will provide grants to support nonprofit charitable organizations that align with HealthEquity’s mission, vision, and values

DRAPER, Utah, Oct. 03, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (Nasdaq: HQY) ("HealthEquity"), the leader in Health Savings Account (HSA) and consumer-directed benefits administration, today announced the launch of its new HealthEquity Community Foundation. Dedicated to building healthcare literacy and confidence in communities across the United States, the Foundation’s initial focus will be on providing grants to nonprofit charitable organizations.

“For over two decades, HealthEquity teammates have worked with nonprofit charitable organizations and businesses to make a real difference in the communities where we live and work. Now, with the launch of the HealthEquity Community Foundation, we're ready to expand our efforts to create equitable health outcomes, enhance education, and provide support for communities that need attention and resources,” said Jon Kessler, president and CEO of HealthEquity.

In its first year, the HealthEquity Community Foundation has committed to providing grants to charitable nonprofit organizations whose work is focused on one or more of four focus areas:

• Health & Medicine: charitable nonprofit organizations focused on healthcare inequities and barriers to access, particularly those serving under-resourced communities.
• Financial Education and Literacy: charitable nonprofit organizations enhancing financial education and literacy and help increase the number of individuals who have access to learning, skills, and tools that can help them achieve financial wellness.
• Mental Health & Crisis Support: charitable nonprofit organizations that champion mental health by enhancing access to care and supporting crisis initiatives to build better wellness in homes and throughout communities.
• Basic Human Needs: charitable nonprofit organizations providing basic human needs for safety, access to housing, and food security.

Grant applications in these areas will be reviewed based on the overall opportunity and impact in the community.

“The HealthEquity Community Foundation is a formal extension of our longtime commitment to empowering our local communities,” said Dale Miller, President of the Foundation. “We look forward to partnering with organizations across the country, as we expand our efforts to support more Americans in the years to come.”

To learn more about the HealthEquity Community Foundation and its upcoming opportunities and programs, please visit www.healthequity.com/community-foundation. For further inquiries, please contact: HCF@Healthequity.com.

About HealthEquity

HealthEquity and its subsidiaries administer HSAs and various other consumer-directed benefits for over 16 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 ultimately enhancing their overall well-being. Learn more about our “Purple service” and approach at www.healthequity.com.

Media Contact
Amy Cerny
acerny@healthequity.com

For the latest HealthEquity news, research and more visit our newsroom at https://www.healthequity.com/newsroom

FAQ

What is the purpose of the newly launched HealthEquity Community Foundation?

The HealthEquity Community Foundation aims to build healthcare literacy and confidence across the United States by providing grants to nonprofit charitable organizations that align with HealthEquity's mission, vision, and values.

What are the four focus areas for grants from the HealthEquity Community Foundation?

The four focus areas for grants are Health & Medicine, Financial Education and Literacy, Mental Health & Crisis Support, and Basic Human Needs.

How will the HealthEquity Community Foundation (HQY) impact underserved communities?

The foundation will provide grants to organizations focused on healthcare inequities and barriers to access, particularly those serving under-resourced communities, potentially improving health outcomes and access to care.

When did HealthEquity (HQY) announce the launch of its Community Foundation?

HealthEquity announced the launch of its Community Foundation on October 3, 2024.