Overview
What is American Medical Association Foundation?
The American Medical Association Foundation, based in Chicago, Illinois, is a nonprofit organization dedicated to fostering a healthier nation. Through its activities, the foundation connects medical professionals with communities to promote overall wellbeing. One of their significant initiatives involves offering scholarship funding to academically gifted medical students with financial needs, who have demonstrated a commitment to public health. The Underrepresented in Medicine Scholarships are specifically awarded to students from underrepresented racial/ethnic/cultural backgrounds in the medical field, thereby promoting diversity, health equity, and the delivery of culturally competent care. These students often serve underprivileged and at-risk minority and socio-economically disadvantaged patient populations.
Official website here: www.amafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The American Medical Association Foundation, established in 1950, has been recognized for its commitment to enhancing health care through philanthropy. With an overall score of 83%, the foundation demonstrates solid accountability and financial management, particularly noting the independence of its board members and a lack of financial conflicts. However, its program expense ratio and fundraising efficiency metrics indicate areas for improvement, revealing that only a little over half of its expenses are directed towards programs.
User feedback from GreatNonprofits is not available, but the foundation’s strategic goals emphasize adaptability and community engagement in health care equity. Users might appreciate the foundation's investment in leadership development and its responsiveness to external changes, signaling an organization that aims to evolve with the needs of the medical community and the populations it serves.
While the AMA Foundation shows considerable strengths in transparency and leadership, potential donors and stakeholders may wish to consider the efficiency of its fundraising efforts and program expenditures. Overall, the organization’s vision for empowering physicians and communities is a commendable focus, promoting a future of improved health care outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is American Medical Association Foundation legitimate?
American Medical Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Medical Association Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,240,138
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.amafoundation.org
What is the mission statement of American Medical Association Foundation?
The American Medical Association Foundation's mission is to foster collaboration between medical professionals and communities, with the aim of enhancing the nation's health. They achieve this by providing scholarship funding to academically exceptional medical students with a demonstrated commitment to public health, particularly those from underrepresented racial/ethnic/cultural groups. This initiative promotes diversity, health equity, and the delivery of culturally competent care, often inspiring these students to serve at-risk, minority, and socio-economically disadvantaged patient populations.
Official website here: www.amafoundation.org
Who is the CEO of American Medical Association Foundation?
William Sternfeld is the Former Executive Director of American Medical Association Foundation.
Official website here: www.amafoundation.org
What is the revenue of American Medical Association Foundation?
American Medical Association Foundation's revenue in 2022 was $8,763,967.
Official website here: www.amafoundation.org
Who are the executives of American Medical Association Foundation and what are their salaries?
There 84 volunteers at American Medical Association Foundation.
Here are 21 key members and their salaries:
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Official website here: www.amafoundation.org
Where can I find the form 990 for American Medical Association Foundation?
American Medical Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.amafoundation.org
Learn more at the official website: www.amafoundation.org
Mission Statement of American Medical Association Foundation
The American Medical Association Foundation aims to bring together physicians and communities to enhance the overall health of our nation. Their mission is achieved by providing scholarship funding to academically exceptional medical students with a demonstrated commitment to public health. The Underrepresented in Medicine Scholarships are specifically awarded to students who meet these criteria and belong to racial/ethnic/cultural groups that are under-represented in the practicing physician population. These students often choose to serve at-risk minority and socio-economically disadvantaged patient populations. By doing so, the American Medical Association Foundation promotes diversity, health equity, and the delivery of culturally competent care.
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Impact
October, 2024
The American Medical Association Foundation plays a crucial role in enhancing public health by bridging gaps between healthcare providers and the communities they serve. By providing scholarship funding through initiatives like Physicians of Tomorrow, the foundation supports academically outstanding medical students who demonstrate financial need and a commitment to public health.
Additionally, the Underrepresented in Medicine scholarships specifically aim to increase diversity in the medical field by supporting students from racial, ethnic, and cultural backgrounds that are underrepresented among practicing physicians. This focus not only promotes a more inclusive healthcare workforce but also encourages these future physicians to serve at-risk and socio-economically disadvantaged populations.
Through these efforts, the foundation significantly contributes to health equity, culturally competent care, and the overarching goal of improving health outcomes across diverse communities throughout the nation.
This information is meant to be a general summary of American Medical Association Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,843,575
- Gross Receipts: $26,205,266
Assets and Liabilities:
- Total Assets: $26,650,564
- Total Liabilities: $1,655,906
- Net Assets: $24,994,658
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Organization Details
Founding Year
1957
Phone
(312) 464-4543Principal Officer
William Sternfeld
Main Address
330 North Wabash Avenue Ste 39300, Chicago, IL, 606115885
Website
www.amafoundation.orgNTEE Category
Code: H03 - Medical research
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