SUMMARY

The Medical College expended $32.1 million and the UW School of Medicine and Public Health expended $44.1 million from endowments that were established when Blue Cross Blue Shield United became a for-profit corporation. Both medical schools have generally complied with requirements for awarding and monitoring their grant funding, and most projects achieved their objectives. However, guidance from the Commissioner of Insurance could help clarify certain policy issues. We reviewed 80 projects in detail.