Overview
What is Southwestern Medical Foundation?
The Southwestern Medical Foundation, established in 1939, is a Texas-based nonprofit organization with a mission to support and advance medical education, research, and patient care, primarily benefiting UT Southwestern Medical Center. Located in Dallas, Texas, the Foundation is exempt from income tax under section 501(c)(3) of the Internal Revenue Code. It raises and manages private philanthropic dollars, providing grants and scholarships to support the Center's ongoing efforts. The Foundation also extends its reach to other exempt civic and medical organizations. In addition, it sponsors informational lectures featuring expert speakers in various fields. The Southwestern Medical Foundation's focus on medical advancements and education enhances the wellbeing of the North Texas community and beyond.
Official website here: www.swmedical.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%
The Southwestern Medical Foundation has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong financial health and accountability. A significant portion of its overall score is driven by a high Accountability & Finance score of 96%, indicating effective management of resources and transparency in operations. The Foundation also received a commendable Culture & Community score of 94%, demonstrating a commitment to stakeholder engagement and positive organizational culture.
Key strengths include an independent board with 98% of members being non-affiliated, as well as exemplary practices in areas such as conflict of interest and whistleblower policies. The Foundation exhibits a strong program expense ratio of 92.31%, ensuring that the majority of its funds are utilized for its core mission rather than administrative costs. Additionally, the organization actively collects and utilizes constituent feedback, achieving perfect scores in several related categories.
While the ratings reflect a robust organization, it is important for potential donors to consider that high scores do not capture every aspect of operational performance. Continuous monitoring of financial practices and community engagement will be essential for maintaining this level of trust and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Southwestern Medical Foundation?
96% of 17 reviewers on Facebook recommend Southwestern Medical Foundation. Here is a summary of their reviews:
Many reviewers express a strong appreciation for the foundation's commitment to advancing medical research and patient care. Comments highlight a positive work environment, emphasizing that the atmosphere fosters both collaboration and innovation. Reviewers feel that the organization's mission aligns closely with making meaningful contributions to the community and enhancing the overall quality of healthcare.
Overall, the sentiment is overwhelmingly favorable, with individuals praising the foundation for its efforts in supporting education for physicians and improving patient outcomes. The dedication to advancing healthcare in their area resonates positively with the community, making this nonprofit a trusted entity in the field.
This AI summary has been generated from reviews found on Facebook.
Is Southwestern Medical Foundation legitimate?
Southwestern Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwestern Medical 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: $982,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,168,099
For more financial information, click here
Official website here: www.swmedical.org
What is the mission statement of Southwestern Medical Foundation?
The Southwestern Medical Foundation was established in 1939 as a non-profit organization with a mission to advance medical education, research, and patient care both in the North Texas community and globally. In 1943, the Foundation founded the Southwestern Medical College, now known as the University of Texas Southwestern Medical Center. The organization continues to raise and manage philanthropic dollars primarily through grants and scholarships, dedicated to supporting the Center's ongoing efforts.
Official website here: www.swmedical.org
Who is the CEO of Southwestern Medical Foundation?
Michael Mcmahan is the Chairman Of The Board of Southwestern Medical Foundation. The CEO's salary of Southwestern Medical Foundation is $457,600 and their total compensation is $582,678.
Official website here: www.swmedical.org
What is the revenue of Southwestern Medical Foundation?
Southwestern Medical Foundation's revenue in 2022 was $79,182,549.
Official website here: www.swmedical.org
Who are the executives of Southwestern Medical Foundation and what are their salaries?
The average compensation at Southwestern Medical Foundation during 2022 was $126,486. There are 17 employees at Southwestern Medical Foundation.
Here are 98 key members and their salaries (Southwestern Medical Foundation's CEO's salary is $457,600 and their total compensation is $582,678):
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Official website here: www.swmedical.org
Where can I find the form 990 for Southwestern Medical Foundation?
Southwestern Medical Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swmedical.org
Learn more at the official website: www.swmedical.org
Mission Statement of Southwestern Medical Foundation
Southwestern Medical Foundation, established in 1939, is a Texas-based non-profit corporation dedicated to advancing medical education, research, and patient care within the North Texas community and beyond. Originating in 1943, the Foundation brought the Southwestern Medical College to life, now recognized as the University of Texas Southwestern Medical Center. Southwestern Medical Foundation's primary role is to manage and raise private philanthropic dollars, predominantly through grants and scholarships, ensuring the Center's continuous development and improvement.
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Impact
October, 2024
Southwestern Medical Foundation has significantly advanced medical education, research, and patient care, thereby impacting both the North Texas community and the global medical landscape. Established in 1939, the Foundation laid the groundwork for what is now known as the University of Texas Southwestern Medical Center, fostering a leading biomedical institution that excels in training future healthcare professionals and conducting groundbreaking research.
The Foundation's commitment extends beyond the walls of its primary institution. Through generous grants and scholarships, it ensures that talented medical students and healthcare providers can pursue their education and training without financial burden. This support enhances the pipeline of skilled practitioners who are critical to improving health outcomes in the community.
Furthermore, the Foundation sponsors a series of informational lectures that feature expert speakers across various medical fields, promoting continuous learning and sharing of knowledge among professionals and the public. This initiative not only enriches the understanding of medical advancements but also encourages dialogue on pressing health issues.
By investing in education, research, and patient care, Southwestern Medical Foundation plays a vital role in shaping the future of healthcare and advancing medical science, ultimately striving for improvements in patient care locally and beyond.
This information is meant to be a general summary of Southwestern Medical 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: $55,026,470
- Gross Receipts: $151,924,953
Assets and Liabilities:
- Total Assets: $1,123,003,167
- Total Liabilities: $5,679,100
- Net Assets: $1,117,324,067
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Organization Details
Founding Year
1939
Phone
(214) 351-6143Principal Officer
Michael Mcmahan
Main Address
3889 MAPLE AVENUE 100, DALLAS, TX, 75219
Website
www.swmedical.orgNTEE Category
Code: B110 - Education
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