Fallon creates $150K fund to honor outgoing CEO Burke

Richard Burke, CEO at Fallon Health

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By Isabel Tehan

The board of directors at Worcester insurer Fallon Health has established a $150,000 fund at the Greater Worcester Community Foundation to honor retiring President and CEO Richard Burke.

The fund, named the Richard P. Burke Fund to Support Older Adults, will support the health and human services needs of older adults in Worcester County, according to a Friday press release from GWCF.

The $150,000 initial funding from Fallon Health will launch what is meant to be a permanent fund to support those members of the community.

Burke’s retirement from the Worcester health insurance plan and service provider was announced in February. He has held the president and CEO role for eight years and has been with Fallon for 25 years. He is planning on retiring at the end of the year, although he has said he will remain in the position until his replacement is named.

“Establishing a field of interest fund at the community foundation is a wonderful way to honor Richard and his legacy,” Peter Dunn, president and CEO of GWCF, said in the press release. “This permanent fund will be a valuable source of funding for nonprofits serving older adults in the region, and we are grateful for Fallon Health’s support and partnership.”