Elevance Health Foundation – Health Equity Impact Investing Loans (2026)

$100,000–$1 Million in Affordable Financing for Health-Focused Nonprofits and Small Businesses

Elevance Health Foundation has partnered with Mission Driven Finance to provide affordable, mission-aligned loans to nonprofits and small businesses working to improve health outcomes in under-resourced communities.

Unlike Elevance Health Foundation’s traditional grant programs, this opportunity provides repayable financing. Loans range from $100,000 to $1 million, with terms of up to five years and interest rates set below the U.S. Prime Rate.

The program is particularly interested in organizations owned by, led by, serving, or employing people from historically marginalized and socially vulnerable communities.

Organization: Elevance Health Foundation / Mission Driven Finance
Support Type: Impact investing / below-market loans
Loan Amount: $100,000–$1 million
Loan Term: Up to 5 years
Interest Rate: U.S. Prime Rate minus 1%; currently listed as 5.75%
Geographic Focus: California, Georgia, Indiana, Missouri, New York, Ohio, Texas, and Virginia
Application Timeline: Rolling / ongoing loan inquiries

Important: This is not a grant. Funding must be repaid according to the loan agreement.

New to corporate grant fundraising?

Read our Corporate Grants for Nonprofits: Ultimate Guide to learn how corporate funding works.

About the Funders

Elevance Health Foundation is the philanthropic arm of Elevance Health. The Foundation works to improve physical, behavioral, and social health, with particular attention to socially vulnerable and under-resourced communities.

In addition to traditional grantmaking, Elevance Health Foundation launched an impact investing initiative to expand access to capital for organizations addressing health-related social needs.

Mission Driven Finance is an impact investing firm that works with mission-driven businesses and nonprofits that may not fit conventional lending requirements. Rather than relying primarily on an entrepreneur’s personal credit, Mission Driven Finance evaluates the organization and its ability to successfully use and repay the financing.

Elevance Health Foundation initially committed $10 million to its impact investing strategy, including an $8 million fund managed by Mission Driven Finance.

As of March 30, 2026, Elevance Health Foundation had disbursed approximately $1.7 million across nine businessesthrough the Mission Driven Finance partnership.

What This Program Supports

The financing is intended for health-related organizations creating measurable benefits in under-resourced communities.

Priority areas include:

Physical Health & Disabilities

Organizations may provide products, programs, or services supporting people with:

• Physical disabilities
• Chronic health conditions
• Diabetes
• Heart disease
• Cancer
• Maternal and child health needs
• Age-related physical health challenges
• Other significant health conditions

Behavioral & Mental Health

Eligible organizations may provide direct services addressing:

• Mental health
• Substance use
• Depression
• Anxiety
• Social isolation
• Age-related mental health needs
• Other behavioral health challenges

Social Factors Affecting Health

The program also recognizes that health is shaped by factors outside of traditional medical care.

Organizations may address issues such as:

• Access to nutritious food
• Affordable housing
• Transportation
• Language access and translation
• Immigrant advocacy
• Racial equity
• Health literacy
• Employment and economic opportunity
• Other barriers affecting an individual’s ability to achieve good health

The program is particularly interested in organizations working at the intersection of health equity and community development.

Who Should Consider Applying

Mission Driven Finance invites inquiries from qualifying small businesses and nonprofit organizations.

Strong candidates are organizations that:

• Operate in an eligible state
• Provide health-related products, programs, or services
• Serve under-resourced communities
• Have an established operating model and revenue stream
• Need growth capital, bridge financing, working capital, or other flexible financing
• Can demonstrate a reasonable ability to repay a loan

Particular interest is given to organizations that are owned by, led by, serve, or employ significant numbers of:

• People of color
• Women
• Low-to-moderate-income individuals
• Historically marginalized populations
• Socially vulnerable communities

Eligible Geographic Areas

The Mission Driven Finance loan program currently serves organizations in:

• California
• Georgia
• Indiana
• Missouri
• New York
• Ohio
• Texas
• Virginia

Elevance Health Foundation has a broader impact investing strategy that also includes Nevada, but Nevada financing is administered through a separate CDFI partnership rather than this Mission Driven Finance loan pathway.

Loan Amounts & Terms

💰 Loan Range: $100,000–$1 million

📅 Loan Term: Up to 5 years

💵 Interest Rate: U.S. Prime Rate minus 1%

Mission Driven Finance currently lists the rate as 5.75%, although rates are fixed quarterly and are subject to change.

Additional Terms

The financing includes several features designed to make capital more accessible to mission-driven organizations:

• No personal guarantees
• No prepayment penalties
• Customized loan structures may be available
• Islamic financing options are available

Fees

Applicants should understand that this is commercial financing and does include fees.

Mission Driven Finance currently lists:

• $250 application fee
• Closing costs of up to 3% of the loan amount

Organizations should evaluate these costs along with the interest expense when determining whether financing makes sense for their project.

Important Eligibility Restriction

Businesses whose revenue is derived from insurance billing or insurance claims are not eligible for this financing program.

This distinction may exclude some traditional healthcare practices and clinical providers even when their work otherwise aligns with the Foundation’s health priorities.

How Organizations Might Use This Financing

Because this is a loan rather than restricted charitable grant funding, it may be particularly useful for organizations with predictable revenue that need capital before that revenue arrives.

Potential uses could include:

• Expanding programs or services
• Opening or improving facilities
• Purchasing equipment
• Hiring staff to support organizational growth
• Providing working capital
• Bridging delayed government or contract payments
• Expanding into new communities
• Scaling an established health or social-service model

Applicants should be prepared to explain both the social impact created by the financing and how the organization will repay the loan.

Examples of Organizations Receiving Financing

The Elevance Health Foundation portfolio demonstrates that the program takes a broad view of the factors affecting health.

Organizations that have received financing include groups working in areas such as:

• Maternal health and birthing services
• Physical therapy for people with disabilities
• Vocational training and independent living
• Mental health counseling
• School-based behavioral health
• Small-business technical assistance
• Affordable housing and community development
• Employment opportunities for people with disabilities
• Youth therapy and coaching

This suggests that applicants do not necessarily need to be traditional healthcare providers. Organizations addressing the social conditions that influence health may also be strong candidates.

Timeline & Review

📅 Application Timeline: Rolling / ongoing

There is no published annual application deadline.

Organizations begin the process by submitting a loan inquiry to Mission Driven Finance. The lender will then determine whether the organization and financing request appear to be a potential fit.

Because this is lending rather than grantmaking, applicants should expect a financial underwriting process in addition to an evaluation of mission and community impact.

Application / Request Process

Organizations interested in financing should submit the Mission Driven Finance loan inquiry form.

Applicants should be prepared to describe:

• Their organization and mission
• The population and communities served
• How their work improves health outcomes
• The amount of financing needed
• How loan proceeds would be used
• The organization’s current financial condition
• Revenue sources
• The organization’s ability and plan to repay the financing

Mission Driven Finance underwrites the organization itself rather than requiring a minimum personal credit score or a personal guarantee.

Apply / Learn More:

➡️ https://www.missiondrivenfinance.com/loans/elevance-health-foundation

Is This a Grant?

No.

This opportunity is an impact investment loan and must be repaid with interest.

However, it is noteworthy for nonprofits because Elevance Health Foundation is intentionally using investment capital alongside traditional grantmaking to help mission-driven organizations access financing they might have difficulty obtaining from conventional banks.

For financially established nonprofits with predictable revenue, impact investing can potentially provide significantly more capital than many traditional corporate grants.

Organizations without sufficient revenue to comfortably repay debt should generally pursue Elevance Health Foundation’s traditional grant opportunities instead.

Why This Opportunity Is a Good Fit

This opportunity may be a strong fit for organizations that:

• Need significantly more capital than a typical corporate grant provides
• Are seeking between $100,000 and $1 million
• Operate in CA, GA, IN, MO, NY, OH, TX, or VA
• Address physical, behavioral, mental, or social health needs
• Serve historically marginalized or low-to-moderate-income communities
• Have established revenue sufficient to support loan repayment
• Have difficulty qualifying for conventional bank financing
• Need working capital or growth financing
• Are comfortable taking on organizational debt

It may be especially valuable for established nonprofits experiencing a temporary financing gap—for example, organizations waiting for government reimbursements, contracts, pledged revenue, or other predictable funding.

Corporate Grants Guide Notes

Funding Type: Impact investment / repayable loan
Review Type: Rolling underwriting
Loan Amount: $100,000–$1 million
Loan Term: Up to 5 years
Interest Rate: Prime minus 1%; currently listed as 5.75%
Personal Guarantee: None
Application Fee: $250
Closing Costs: Up to 3%
Geographic Focus: CA, GA, IN, MO, NY, OH, TX, VA
Best Suited For: Established health-focused nonprofits and mission-driven businesses with sufficient revenue to repay financing
Important: This is not grant funding and should be evaluated as organizational debt.