The Cigna Group Foundation, part of Cigna Group (NYSE:CI), committed $3 million to improve mental health and housing stability for military veterans. The grants target nonprofits addressing social determinants of health, like housing stability, with a deadline of August 7 for applications in select states. $3 million is allocated annually through 2026.

An estimated 40,000 veterans experience homelessness on any given night, with a 7% increase between 2022 and 2023. The initiative is critical due to the increased risk of homelessness among military veterans. The Cigna Group provides insurance and related services in the US, supporting patient advocacy programs.

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Read more at Yahoo Finance: Cigna Group Foundation Commits $3M to Veteran Mental Health, Housing Stability