BCBSM Foundation grant programs are conducted in
Michigan by Michigan-based researchers and nonprofit organizations to address
issues of quality and costs of care, access to care, and community health. Last year, the Women's
Center of Jacksonville provided services to about 7,500 women and their family
members. For more information on The Blue Foundation
for a Healthy Florida, please visit its web site at
http://www.----In BW5573
issued April 12, 2005: In a release dated April 12, 2005, under the
heading, Myth #3: Grantmaking Flexibility, second paragraph has been
replaced. A private foundation can even make
grants directly to a community foundation to support its works as a
public charity.

-- Myth #4: Limited Demand

Traditional thinking: Private foundations are in decline and are
being replaced by community foundations and donor advised funds.

interdependence mott

The Blue Foundation
annually awards up to $1 million in grants during two grant cycles.

-- Myth #3: Grantmaking Flexibility

Traditional thinking: Community foundations and donor advised
funds offer just as much flexibility for the family's grantmaking as
private foundations. Through extensive
research, we have found that little of this is accurately reflected in
the educational and marketing materials published by many of the
nation's community foundations and donor advised funds. The educational booklet we've published attempts
to present a fair and balanced view of private foundations compared to
community foundations and donor advised funds in order to provide
families and their advisors with the information they need to make an
informed decision.foundationsource.

This category also includes sites for associations of grant-making foundations , and for resources for such foundations, such as consulting services in evaluating grant applications .

feinstein sparkplug

The center now focuses on three areas:
counseling, community education and rape recovery.
Point of fact: Today's private foundations, when utilizing
outsourced service providers, are no more difficult and often less
costly to operate than an account at a community foundation or a donor
advised fund.
Schley, Foundation Source chairman + CEO. We provide our clients with
Professionally Administered Foundations that solve problems
traditionally faced by self-administered foundations: complexity ,
compliance and cost. Foundation Source foundations are stronger, more
secure and deliver greater social impact, allowing donors and staff to
focus more on mission, strategy and family priorities and less on
back-office administration and compliance tasks.

grantmaking grantmakers

The national awards are given by the Council on Foundations
and the Communications Network.
This new paradigm is having a profound affect on the decision
process for families selecting a charitable vehicle.

andrus marra

Through strategic grantmaking , The Blue
Foundation supports programs that increase access to quality health-related
services for uninsured and underserved Floridians. 63215.

The corrected release reads:

FOUNDATION SOURCE PUBLISHES GUIDEBOOK COMPARING PRIVATE
FOUNDATIONS TO COMMUNITY FOUNDATIONS AND DONOR ADVISED FUNDS

New Generation of Outsourced Service Providers for Private
Foundations Renders Old Comparison Models and Traditional Viewpoints
Obsolete

Foundation Source, the nation's leading provider of support
services for private foundations, today announced the publication of
its newest informational booklet: Private Foundations vs.
The company is headquartered in Fairfield, Connecticut, with
regional offices in New York City, Palm Beach, Chicago, Denver, Salt
Lake City, San Francisco and Seattle .

foundations warsh

The BCBSM Foundation has won 21 Wilmer Shields Rich Awards since 1995: six
gold, eight silver , six bronze and one runner-up.

The Blue Foundation for a Healthy Florida is a separate, philanthropic
affiliate of BCBSF incorporated in the state of Florida. Community Foundations + Donor Advised
Funds addresses these common myths:

-- Myth #1: Cost + Complexity. Complimentary
copies of the new booklet are available from Foundation Source by
calling 800-839-0054 or sending an email to
myths@foundationsource .com

Foundation Source is a registered trademark of Foundation Source
Philanthropic Services Inc.

interconnectedness mott

, The Blue Foundation for a
Healthy Florida, Blue Cross and Blue Shield of Florida's (BCBSF ) philanthropic
affiliate, recently awarded The Women's Center of Jacksonville (WCJ) a grant
for $88,512 to fund two part-time mental health therapist counselors.bluefoundationfl..

Traditional thinking: Private foundations are extremely expensive
and difficult to set up and require significant investment in staff
and overhead to operate."
"Community foundations and donor advised funds certainly have
their place and provide a very valuable service," added Daniel M.

sparkplug lifebridge

Three awards for excellent communications go to
Blue Cross Blue Shield of Michigan Foundation

DETROIT, The Blue Cross Blue Shield of Michigan
Foundation will receive three silver medals from the 2005 Wilmer Shields Rich
Awards Program.com/cgi-bin/prnh/20050112/NEW019LOGO )
"This grant will allow us to increase the capacity of our Mental Health
Counseling Program by 25 percent, from 250 clients now to over 300 by December
2006," said Gillian Ticehurst, director of development. For an application, please call
1-800-477-3736, ext. Community
Foundations + Donor Advised Funds. It also
highlights the distinct advantages that private foundations offer
donors over the other giving vehicles. This is significant considering that 71% of all private
foundations in the U. With a private foundation, the donor and
family retain full control over all operating and grantmaking
decisions.

Much more information is contained in the booklet. "There are, in fact, many
situations where community foundations and donor advised funds would
be more appropriate , such as when a family wishes to focus all of its
charitable gifts on local causes or wishes to grant a relatively small
amount of money over a lifetime.

waitt philanthropy

"
In the mid-1990s, a group of women realized that women in Jacksonville did
not have a central safe place to find solutions to their problems , so the
group founded WCJ in 1995.com

"The private foundation sector has undergone a dramatic
transformation in the past decade," said Thomas S.

marra interconnectedness

(Logo: http://www. Until recently, private foundations were
expensive to establish and required specialized resources to run. Many community foundations further restrict or otherwise
direct grantmaking to a narrow range of charities selected by
committee and not by donors.

rff grantmakers

sparkplug milken

Complimentary copies of the new
booklet are available from Foundation Source by calling 800-839-0054
or sending an email to myths@foundationsource. Conventional
thinking that led families and advisors to conclude that "you have to
be a Ford to have a foundation ," with a minimum donation of $3 to $5
million, is a thing of the past.

grantmakers warsh

Private Foundations vs. To learn more about Foundation
Source call 1-800-839-0054 or visit www.

marra grantees

WCJ initially offered only information and referral
services.org .by Foundation Source

FAIRFIELD, Conn.com
Major advances in technology and support services for private
foundations have fundamentally and permanently altered private
foundation administration. have less than $1."
Point of fact: Donors give up significant control when giving
through a community foundation or donor advised fund, and are subject
to numerous restrictions. By contrast, private foundations provide
far greater flexibility, including grants directly to individuals for
hardship and emergency assistance. At the same time, private foundations
are, and remain, the charitable vehicle of choice for America's most
prominent families.

milken stavros

This national recognition for the
quality of our communication efforts here in Michigan is a bonus that inspires
us to continue setting higher goals and striving to meet them. Today's private foundations can
operate effectively and cost efficiently with as little as $250,000 in
assets.
Point of fact: Private foundations dwarf community foundations and
donor advised funds both in terms of assets and grants made.

interconnectedness foundations

The foundation was funded through an endowment
from Michigan physicians in 1983 and from proceeds of an earlier prescription
drug lawsuit settlement.
The Blue Foundation for a Healthy Florida and its parent, Blue Cross and
Blue Shield of Florida, are independent licensees of the Blue Cross and Blue
Shield Association.

sparkplug waitt

This year's three silver
awards are for:

* Applying the Research Edge (2003 Annual Report)
* Three grant program brochures that described available funding for
research on adult depression, domestic abuse and hospital patient safety
* The http://www. "These are deserving
women we will now be able to serve because of this generous gift.S.
Point of fact: Community foundations and donor advised funds
generally restrict grantmaking to IRS-approved 501(c)(3) public
charities.

marra interconnectedness

None of the foundation's grant-making resources comes from BCBSM
customer premium payments.

Grant Awarded to Help Women's Center Expand Mental Health Services

JACKSONVILLE, Fla. Dittrich, senior
vice president of Foundation Source."

About Foundation Source (www.

warsh sparkplug

newscom.

-- Myth #2: Control

Traditional thinking: Community foundations and donor advised
funds provide donors with giving vehicles that are "just like having a
private foundation. Virtually all operating and investment
decisions, and many granting decisions, are controlled by the
organization, not the donor.

Foundations and similar nonprofit organizations whose primary purpose is making charitable grants to organizations or individuals.

warsh mott

com/foundation Web site, which provides basic
information about the BCBSM Foundation, funding criteria, grants available,
guidelines for submitting letters of interest, lists of published research
findings, and links to other resources

"Good communication is fundamental for the success of any organization
whose mission is to serve the community," said Ira Strumwasser, executive
director and CEO of the Blue Cross Blue Shield of Michigan Foundation. For additional information, please visit the BCBSM
Foundation Web site at http://www.

CORRECTING and REPLACING Foundation Source Publishes Guidebook Comparing Private Foundations to Community Foundations and Donor Advised Funds

This booklet examines the common
misperceptions about private foundations, especially with respect to
the cost and effort required to set up and operate them.com

Foundation Source is America's leading provider of outsourced
support services for private foundations. With more than 300 private foundations
under administration and 60 supported financial institutions, our
combination of back-office systems, online services and experts
on -call create better run foundations, while providing a more positive
experience for those involved .

warsh sparkplug

The awards will be presented April 11 at the 56th Annual Conference
of the Council on Foundations in San Diego."
The Blue Cross Blue Shield of Michigan Foundation is dedicated to
improving the health of Michigan residents through the support of research and
innovative health programs.

The next
Request for Proposals deadline is March 18.

Business Editors
CORRECTION. And in
the last decade alone, the number of private foundations doubled from
approximately 32,500 to over 64,000.

mott grantees

They recognize outstanding communications
efforts that increase public awareness of foundations and corporate giving
programs.
The BCBSM Foundation is the philanthropic affiliate of Blue Cross Blue Shield
of Michigan and is a 501(c)(3) nonprofit, incorporated separately from BCBSM. "Today, specialized outsourced
service providers such as Foundation Source have brought newfound
efficiencies, systems and support services to the private foundation
market that have profoundly and permanently lowered both the cost and
complexity associated with private foundations.
Foundation Source offers a full range of services to keep private
foundations of all sizes operating smoothly and in accord with IRS
regulations and federal law.

milken rockefeller

bcbsm. However, as women's needs became more apparent , funding increased
and WCJ expanded its services.
The Women's Center grant is one of 10, totaling $532,112, that The Blue
Foundation will present this winter to nonprofit health clinics and community
outreach programs across Florida.0 million in assets.foundationsource.

waitt philanthropy

bcbsm. "Each
year, we set higher standards for ourselves to meet the changing needs of
Michigan's health research and service organizations and to deliver our
information to them in improved formats.
The foundation is an independent licensee of the Blue Cross and Blue Shield
Association.

.
Today, however, outsourced service providers such as Foundation Source
have changed the landscape, making it easier and often less costly to
operate a private foundation than an account within a community
foundation or donor advised fund.

interconnectedness milken

Michigan Blues Foundation Strikes Silver

com/foundation . The Blue Foundation
for a Healthy Florida, and its parent, BCBSF, are independent licensees of the
Blue Cross and Blue Shield Association, an association of independent Blue
Cross and Blue Shield companies.

grantee kresge

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