Cigna Group Foundation Commits $3M to Veteran Mental Health, Housing Stability

The Cigna Group (NYSE:CI) is one of the most undervalued NYSE stocks to buy now. On July 8, the Cigna Group Foundation, which is the philanthropic arm of The Cigna Group, announced a new round of grants totaling $3 million to improve the mental health of military veterans. The funding is part of a larger $9 million, 3-year commitment initiated in 2024, with $3 million allocated annually through 2026.

The current grants specifically target nonprofits addressing the profound impact of social determinants of health on veteran mental health, particularly housing stability. The application period for eligible organizations in select states is now open for the 2025 grants, with a deadline of 5 p.m. ET on August 7 this year. The Cigna Group Foundation will prioritize grant distribution in regions where The Cigna Group serves customers facing very high social determinants of health risks.

The initiative is critical given the increased risk of homelessness among military veterans. According to the US Department of Housing and Urban Development/HUD, an estimated 40,000 veterans experience homelessness on any given night, and the number of veterans experiencing homelessness increased by 7% between 2022 and 2023.

The Cigna Group (NYSE:CI) provides insurance and related products and services in the US.

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Disclosure: None. This article is originally published at Insider Monkey.