Anthem Blue Cross Foundation Inaugural Impact Investment to Benefit California Schools and Students

Anthem Blue Cross Foundation, the philanthropic arm of Anthem Blue Cross of California, announced a $300,000 inaugural impact investment loan to Burlingame-based Psyched Services. Facilitated by impact asset manager, Mission Driven Finance, this funding will support Psyched Services as the organization works to provide vital mental health services to 380 schools in California, directly benefiting more than 3,200 children and families across the Golden State.

Psyched Services offers personalized mental health services for children, caregivers, and educators in California and virtually in 32 states. The organization offers a comprehensive range of therapeutic solutions including individual counseling, group therapy, and specialized programs for adolescents and adults.

The Anthem Blue Cross Foundation’s impact investment program provides loans to small businesses, social enterprises, and entrepreneurs that work to advance physical, social, and behavioral health outcomes in under-resourced communities. Through loans with interest rates below Prime rates, these partners will address social needs including access to care, food insecurity, and health disparities.

“We are deeply thankful to the Anthem Blue Cross Foundation for their investment," said Kristyn Corley, Founder and CEO of Psyched Services. "This funding is crucial in advancing and expanding our mental health initiatives, which will enable us to provide critical support to underserved students, caregivers, and educators throughout California."

"Through impact investing, we are able to collaborate with small businesses and social enterprises such as Psyched Services to support our communities and enhance the health and well-being of Californians," said Beth Andersen, President of Anthem Blue Cross of California. "Our loan program highlights the importance of investing in our communities to advance whole health and contribute to economic development."

The Anthem Blue Cross Foundation is the philanthropic arm of the Elevance Health Foundation, which announced a $10 million multi-year commitment in 2024 with partner Mission Driven Finance. Through this partnership, the Foundation launched a new impact investing program to create positive social impact through investment opportunities beyond its existing grant portfolio.

To learn more about the Foundation’s loan program, please visit missiondrivenfinance.com/loans/elevance.

ABOUT ANTHEM BLUE CROSS FOUNDATION

The Anthem Blue Cross Foundation, an independent licensee of the Blue Cross Association, is a philanthropic arm of the Elevance Health Foundation. The Foundation works to improve the health of the socially vulnerable through strategic partnerships and programs in our communities with an emphasis on maternal-infant health; behavioral health; and food as medicine. Additionally, the Foundation also responds to disasters when our communities need us the most. The Foundation coordinates the company’s year-round Dollars for Dollars program which provides a 100 percent match of associates’ donations, as well as its Volunteer Time Off and Dollars for Doers community service programs. ®ANTHEM is a registered trademark of Anthem Insurance Companies, Inc. The Blue Cross names and symbol are registered marks of the Blue Cross Association. To learn more about the Anthem Blue Cross Foundation and the Elevance Health Foundation, please visit www.elevancehealth.foundation and its blog at www.medium.com/elevancehealthfoundation.

ABOUT PSYCHED SERVICES

Psyched Services is a leading mental health organization based in California, dedicated to providing innovative and evidence-based psychological services. Committed to enhancing mental wellness and fostering resilience, Psyched Services offers a comprehensive range of therapeutic solutions including individual counseling, group therapy, and specialized programs for adolescents and adults.

With a team of highly trained clinicians, Psyched Services employs cutting-edge techniques and personalized care plans to address a variety of mental health challenges, while promoting a holistic approach to well-being. Its mission is to empower individuals to achieve emotional balance and lead fulfilling lives through accessible and compassionate care. For more information about its services, visit www.psychedservices.com.

ABOUT MISSION DRIVEN FINANCE

Mission Driven Finance® is an impact asset management firm dedicated to building a financial system that ensures good businesses have access to sufficient, affordable capital. Built from the ground up with a single purpose—to make it easy to invest in your community—all of their funds and structured products are designed to close financial gaps that will close opportunity gaps. They work with local and national investors to help them create the impact they want and work with businesses and community partners to help them get the capital they need. Mission Driven Finance was launched in 2016 in San Diego, CA, and is a Certified B Corporation. In 2024, Mission Driven Finance was selected again for ImpactAssets’ IA 50 Fund Manager list^*, a category for experienced impact fund managers with a minimum three-year track record. Learn more at missiondrivenfinance.com.

^*Please visit impactassets.org/IA-50/#criteria to review the IA 50 Fund Manager list selection criteria and methodology.

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