Serving Colorado Since 1986
Comprecare Foundation, Inc. was formed in 1986. Since then, the Foundation has awarded grants of nearly $6,600,000 to public and private health care organizations throughout Colorado.
In 2014, the Foundation funded projects in
7 communities throughout Colorado.
The Comprecare Foundation, Inc. is a private foundation under section 509(a) of the Internal Revenue Code and was incorporated in 1986 pursuant to the laws of the State of Colorado. The Foundation has tax exempt status under section 501(c)(3) of the Internal Revenue Code.
This page was last updated: December 14, 2015
The Comprecare Foundation, Inc. is transferring its resources into The Denver Foundation as a Donor Advised Fund in December 2015. Comprecare Foundation is one of the oldest conversion foundations in Colorado. Comprecare (HMO) started as an independent practice (IPA) model Health Maintenance Organization with a federal start-up grant in the 1970’s. The company management, along with its physicians, later decided that converting to a for profit entity would better position it in the competitive Colorado insurance market. In 1986, the proceeds from that conversion became the basis of the Comprecare Foundation, a private foundation whose purpose is to serve the health care and service needs of the people of Colorado. Since its founding, the Foundation has awarded grants of nearly $6,600,000 to organizations throughout the state.
For the past twenty-eight years, Comprecare Foundation funded an Elderly Health Promotion Initiative, whose focus was to fund community-based, health promotion and wellness programs for older adults. Communities throughout Colorado have benefited from this funding—and Comprecare is the only Colorado foundation to consistently fund older adult health promotion programs. Over the years, some 100 projects have been funded in both urban and rural areas throughout the state - most of which continue today in some form. There is a hardy corps of “Comprecare Alumnae” who continue with their mission to offer evidence-based interventions to improve senior health.
The Comprecare model included funding in a three-year cycle, minimizing reporting requirements, not imposing specific strategies on grantees but honoring their unique knowledge of their communities, issuing full year funding in advance (versus the hardships on community non-profits inherent in a cost reimbursement method) and utilizing the expertise of Nancy McMahon, PsyD, who provided content technical assistance throughout the funding period. Semi-annual grantee conferences, funded in addition to the grants, brought grantees together to share ideas and challenges.
The current Board of Directors are: Milt Bollman, Chair; Ellen Mangione, MD, Vice Chair; Dennis Baldwin, Secretary/Treasurer; Fritz Ihrig; M. Eugene Sherman, MD; and Raymond Delisle. Jim Gilsdorf has served as the Executive Director since 1988. Dr. Sherman, Mr. Delisle and Mr. Ihrig are among the original board members and Mr. Ihrig was also the first Executive Director.
The Board has worked tirelessly to advance improved health for Colorado’s seniors. A lean operation, the Foundation had minimal office or staff expenditures. Consulting services were purchased when necessary. During the past 28 years, the Board has stewarded the foundation’s assets in the most effective manner possible.
The advantage of now aligning with The Denver Foundation is that Comprecare Foundation’s assets can be responsibly managed and directed for years to come and thus assure that resources can continue to be made available to serve Colorado’s future seniors.
As Comprecare Foundation dissolves and its mission and assets are assumed by The Denver Foundation, the Board is proud of its grantees and grateful for their partnership over the years.
The Comprecare Foundation
Effective December 31, 2015, Comprecare Foundation, Inc. will cease operations. Its assets have been transferred to the Denver Foundation, which will administer and distribute the assets as a donor advised fund. For information, see The Denver Foundation.