2026-02-16T09:56:25-05:00 2025-06-30 MILLER COOPER & CO LTD 3 Parkway North Blvd Suite 200 Deerfield IL 60015 990 2024-07-01 366080517 American Medical Association Foundation % MS SANDRA SMITH AMER 3124644543 330 North Wabash Avenue Ste 39300 Chicago IL 606115885 Mary Beth Ellison PRESIDENT 3124644543 2026-02-15 true true P00253365 8472055000 2024 2025-03-06 01:10:19Z Mary Beth Ellison 330 N Wabash Ave Ste 39300 CHICAGO IL 606115885 16404623 false X www.amafoundation.org X 1957 IL THE AMA FOUNDATION BRINGS TOGETHER PHYSICIANS AND COMMUNITIES TO IMPROVE OUR NATION'S HEALTH. SEE SCHEDULE O FOR DETAILS OF OPERATIONAL INITIATIVES. 20 20 0 155 0 1569959 1791042 0 0 1045956 1269668 924 3324 2616839 3064034 1216573 2645847 0 0 1489324 1581208 0 0 906464 1423899 1948424 4129796 6175479 -1512957 -3111445 27007954 25674194 415621 659440 26592333 25014754 X THE AMA FOUNDATION BRINGS TOGETHER PHYSICIANS AND COMMUNITIES TO IMPROVE OUR NATION'S HEALTH. false false 2052313 1681587 GENERAL PROGRAM SERVICES - WORKING IN ALIGNMENT WITH THE STRATEGIC PRIORITIES OF THE AMERICAN MEDICAL ASSOCIATION, WE AMPLIFY THE IMPACT OF PHYSICIANS BY FUNDING PROGRAMS AND INITIATIVES THAT SUPPORT PHYSICIANS, PROMOTE OPTIMAL HEALTH FOR ALL, AND ADVANCE MEDICAL EDUCATION. THROUGH TARGETED INVESTMENTS, PARTNERSHIPS, AND PHILANTHROPIC SUPPORT, WE IDENTIFY AREAS OF URGENT NEED AND HELP EMPOWER PHYSICIAN LEADERS TO DEVELOP INNOVATIVE SOLUTIONS. 894701 549241 LGBTQ+ HEALTH PROGRAM - THE AMA FOUNDATION WORKS TO ADDRESS PERSISTENT GAPS IN CARE AFFECTING LGBTQ+ INDIVIDUALS BY CONVENING LEADERS IN HEALTH CARE, THE LGBTQ+ COMMUNITY, MEDICAL EDUCATION, COMMUNITY ORGANIZATIONS, AND OTHER STAKEHOLDERS. OUR VISION IS TO ENSURE ALL LGBTQ+ PEOPLE RECEIVE HIGH QUALITY, COMPASSIONATE, AND AFFRIMING CARE. 585422 410000 MEDICAL SCHOLARSHIPS - PHYSICIANS OF TOMORROW PROVIDES SCHOLARSHIP FUNDING TO ACADEMICALLY OUTSTANDING MEDICAL STUDENTS WITH A FINANCIAL NEED WHO ARE ALREADY DEMONSTRATING A COMMITMENT TO PUBLIC HEALTH. THE UNDERREPRESENTED IN MEDICINE SCHOLARSHIPS ARE SPECIFICALLY AWARDED TO MEDICAL STUDENTS WHO MEET THE ABOVE CRITERIA AND ARE ALSO FROM RACIAL/ETHNIC/CULTURAL GROUPS UNDER-REPRESENTED IN THE PRACTICING PHYSICIAN POPULATION - PROMOTING DIVERSITY, HEALTH EQUITY AND THE DELIVERY OF CULTURALLY COMPETENT CARE. THESE STUDENTS OFTEN CHOOSE TO SERVE AT-RISK MINORITY AND SOCIO-ECONOMICALLY DISADVANTAGED PATIENT POPULATIONS. THE JOAN F. GIAMBALVO FUND FOR THE ADVANCEMENT OF WOMEN SUPPORTS RESEARCH ADVANCING THE STUDY OF WOMEN IN THE MEDICAL PROFESSION AND STRENGTHENING THE AMA'S ABILITY TO IDENTIFY AND ADDRESS THE ISSUES AFFECTING WOMEN IN THE MEDICAL PROFESSION. THE SCHOLARSHIP WAS ESTABLISHED BY THE WOMEN PHYSICIANS SECTION (WPS) IN CONJUNCTION WITH THE AMA FOUNDATION. TO DATE, 25 RESEARCH AWARDS HAVE BEEN GRANTED. 172964 Other Program Services 172964 3705400 true true false false false false false false false true false false false false false true true false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false true 16 0 0 false false false false false false false false false false false false false false false X 20 20 false false false false false true false true true false false true true true true true true true true false AL AR CA CT FL HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WV WI X X MS SANDRA SMITH 3124644543 330 NORTH WABASH AVENUE STE 39300 CHICAGO IL 60611 X VIRGINIA SPITZER EXECUTIVE DIRECTOR 40.0 0.0 X 273899 0 0 SANDRA SMITH DEPUTY DIRECTOR 40.0 0.0 X 203918 0 0 CARIE LOVSTAD SENIOR DEVELOPMENT OFFICER 40.0 0.0 X 129200 0 0 Mary Beth Ellison President 5.0 0.0 X X 0 0 0 Albert Ray MD FAAFP Immediate Past President 5.0 0.0 X X 0 0 0 Cedric M Bright MD FACP Director 3.0 0.0 X 0 0 0 Jon Ekdahl JD DIRECTOR 3.0 0.0 X 0 0 0 Jeremy Lazarus MD President-Elect 5.0 0.0 X 0 0 0 Rachelle M Klammer MD FACEP Secretary 3.0 0.0 X 0 0 0 Barbara L McAneny MD FASCO MACP Director 3.0 0.0 X 0 0 0 Lisa Bohman Egbert MD DIRECTOR 3.0 0.0 X 0 0 0 Jerry D Kennett MD MACC Treasurer 5.0 0.0 X X 0 0 0 Thomas J Madejski MD FACP Director 3.0 0.0 X 0 0 0 Diana Ramos MD MPH MBA FACOG Director 3.0 0.0 X 0 0 0 Siobhan Wescott MD MPH Director 3.0 0.0 X 0 0 0 Amanda Block Student Director 3.0 0.0 X 0 0 0 Chidinma Ikonte Student Director 3.0 0.0 X 0 0 0 Ilse Levin DO MPH TM FACP Director 3.0 0.0 X 0 0 0 Jacqueline L Nguyen Esq Director 3.0 0.0 X 0 0 0 Shilpen Patel MD FACRO FASTRO Director 3.0 0.0 X 0 0 0 David Welsh MD MBA Director 3.0 0.0 X 0 0 0 Racheal Kunesh AMA Alliance Representative 3.0 0.0 X 0 0 0 Whitney Stuard Sambhariya MD PhD Resident Director 3.0 0.0 X 0 0 0 607017 0 0 3 false true false American Medical Assoc 330 N Wabash Ave Suite 39300 CHICAGO IL 60611 Payroll and Legal 3074094 Lexicon Strategies LLC 3017 BOLLING WAY NE SUITE 226 ATLANTA GA 30305 Consulting 238588 2 1791042 1791042 0 611022 611022 0 0 0 0 0 13999235 13340589 658646 658646 658646 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 999999 3324 3324 3064034 1269668 2235847 2235847 410000 410000 0 0 607017 289891 162397 154729 0 974191 200135 360858 413198 0 0 0 0 42664 30531 12133 40876 40876 0 0 85385 85385 470045 152325 274385 43335 0 247295 18874 226465 1956 77202 77202 0 128468 128468 258123 137127 64264 56732 0 234097 57142 41821 135134 0 90845 38995 51850 0 22948 22948 ADMINISTRATIVE FEES 201111 201111 PRINTING & PRODUCTION 9464 516 4424 4524 POSTAGE 11955 588 1165 10202 SUPPLIES 9369 1844 1834 5691 18577 1597 16980 6175479 3705400 1563615 906464 0 0 2051197 1198697 1800953 956597 0 0 0 0 0 0 0 0 0 0 43872 46111 30314 30314 0 0 23111932 23472789 0 0 0 0 0 0 0 0 27007954 25674194 355271 374730 60350 284710 0 0 0 0 0 0 0 0 0 0 0 0 0 0 415621 659440 X 13364411 11346897 13227922 13667857 26592333 25014754 27007954 25674194 -3111445 1533866 X false true true false X 1749797 1903892 2898212 1569959 1791042 9912902 0 0 1749797 1903892 2898212 1569959 1791042 9912902 1750974 8161928 392640 583756 527685 601822 611022 2716925 0 16500 924 3324 20748 12650575 0.64518 0.70919 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 9977001 511405 323537 205354 10606589 9374572 354558 247871 9977001 9375014 140206 -140648 9374572 9452651 320652 -398289 9375014 8274356 353121 825174 9452651 1.00000 false false false 0 0 4783046 1533866 270531 1804397 2978649 85385 85385 3064034 6360625 270531 270531 6090094 85385 85385 6175479 INTENDED USES OF ENDOWMENT FUNDS WHEN HONOR FUND CONTRIBUTIONS REACH $25,000 ($100,000 IN FISCAL 2017), A PERMANENT ENDOWMENT FUND IS ESTABLISHED AND THE FUNDS ARE TRANSFERRED FROM TEMPORARILY RESTRICTED NET ASSETS TO PERMANENTLY RESTRICTED NET ASSETS. UNTIL A HONOR FUND REACHES A BALANCE OF $250,000, FOUNDING DONORS WILL DIRECT HOW HALF OF THE ENDOWMENT'S EARNINGS ARE UTILIZED BY DETERMINING WHICH PUBLIC HEALTH OR MEDICAL EDUCATION PROGRAM THE HONOR FUND WILL SUPPORT; THE OTHER HALF IS REINVESTED FOR FUND GROWTH. THE ALLIANCE GRASSROOTS HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S PUBLIC HEALTH AND MEDICAL EDUCATION PROGRAMS. THE EARNINGS OF THE FUND WILL SUPPORT THE FOUNDATION'S PHYSICIANS OF TOMORROW SCHOLARSHIP PROGRAM, SPECIFICALLY TO STUDENTS WITH AN INTEREST AND COMMITMENT TO WOMEN'S AND/OR CHILDREN'S HEALTH ISSUES. THE OHIO HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S PUBLIC HEALTH AND MEDICAL EDUCATION PROGRAMS. THE EARNINGS OF THE FUND PROVIDE SUPPORT TO OHIO MEDICAL STUDENTS. THE RONALD M. DAVIS, MD LEGACY HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S PUBLIC HEALTH AND MEDICAL EDUCATION PROGRAMS. THE EARNINGS OF THE FUND SUPPORT PANCREATIC CANCER RESEARCH. THE CALIFORNIA/RONALD P. BANGASSER, MD MEMORIAL HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S MEDICAL EDUCATION PROGRAMS. THE EARNINGS OF THE FUND PROVIDE SUPPORT TO MEDICAL STUDENTS IN CALIFORNIA. THE NORTH CENTRAL MEDICAL CONFERENCE/KENNETH VISITE, MD MEMORIAL HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S MEDICAL EDUCATION PROGRAMS. THE EARNINGS OF THE FUND SUPPORT THE FOUNDATION'S PHYSICIANS OF TOMORROW SCHOLARSHIP PROGRAM, SUPPORTING MEDICAL STUDENTS IN THE NORTH CENTRAL REGION OF THE UNITED STATES. THE MEDICAL SOCIETY OF THE STATE OF NEW YORK/DR. DUANE AND JOYCE CADY HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S MEDICAL EDUCATION PROGRAMS. THE EARNINGS OF THE FUND SUPPORT THE FOUNDATION'S PHYSICIANS OF TOMORROW SCHOLARSHIP PROGRAM, SUPPORTING MEDICAL STUDENTS IN NEW YORK. THE INTERNATIONAL MEDICAL GRADUATES HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S HEALTH LITERACY PROGRAMS. THE EARNINGS OF THE FUND SUPPORT THE FOUNDATION'S HEALTHY COMMUNITY HEALTH INITIATIVES. THE COUNCIL ON MEDICAL SERVICE HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S PUBLIC HEALTH OR MEDICAL EDUCATION PROGRAMS. THE EARNINGS OF THE FUND SUPPORT THE COMMUNITY HEALTH INITIATIVES. THE OKLAHOMA HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S MEDICAL EDUCATION PROGRAMS. THE EARNINGS OF THE FUND SUPPORT THE FOUNDATION'S PHYSICIANS OF TOMORROW SCHOLARSHIP PROGRAM, SUPPORTING MEDICAL STUDENTS IN OKLAHOMA. THE ILLINOIS HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S MEDICAL EDUCATION PROGRAMS. THE EARNINGS OF THE FUND PROVIDE SUPPORT FOR ILLINOIS MEDICAL STUDENTS WHO ARE ACTIVELY INVOLVED IN ORGANIZED MEDICINE. THE INDIANA HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S LEADERSHIP DEVELOPMENT INSTITUTE. THE FUND CURRENTLY IS DISTRIBUTING $5,000 ANNUALLY REGARDLESS OF FUNDING LEVEL IN SUPPORT OF THE LEADERSHIP DEVELOPMENT INSTITUTE. THE FUND WILL SOLIDIFY THEIR PROGRAM CHOICES WHEN THE FUND REACHES $250,000. THE MISSOURI HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S PUBLIC HEALTH PROGRAMS. THE EARNINGS OF THE FUND PROVIDE SUPPORT FOR MISSOURI PATIENTS THROUGH THE FOUNDATION'S COMMUNITY HEALTH INITIATIVES PROGRAMS. THE DR. JOHNSON F. HAMMOND MEMORIAL FUND WAS ESTABLISHED TO PROVIDE AN ANNUAL SCHOLARSHIP FOR A MEDICAL STUDENT OF HIGH MORAL CHARACTER THROUGH THE EARNINGS OF THE FUND. THE LURAH L. WEAVER FUND REPRESENTS THE RESIDUAL VALUE OF THE ESTATE OF LURAH L. WEAVER. THE TERMS OF THE WILL PROVIDE THAT ONLY REALIZED INCOME FROM THIS FUND CAN BE USED FOR PROGRAM PURPOSES. THE MARY FRANCIS ALEXANDER FUND WAS ESTABLISHED TO PROVIDE SCHOLARSHIPS FOR MEDICAL STUDENTS THROUGH THE EARNINGS OF THE FUND. THE FORMICA-RIGGS NEW JERSEY HONOR FUND WAS ESTABLISHED TO HELP FUND THE FOUNDATION'S MEDICAL EDUCATION PROGRAMS. THE EARNINGS FROM THE FUND SUPPORT THE FOUNDATION'S PHYSICIANS OF TOMORROW SCHOLARSHIP PROGRAM, DESIGNATED TO SUPPORT MEDICAL STUDENTS IN NEW JERSEY. THE WESTERN MOUNTAIN PAST PRESIDENTS HONOR FUND WAS ESTABLISHED IN FISCAL YEAR 2018. THE FUND WILL MAKE THEIR PROGRAM CHOICE DURING FISCAL YEAR 2025. THE LGBTQ HONOR FUND WAS ESTABLISHED TO SUPPORT AMA FOUNDATION INITIATIVES THAT ADDRESS LGBTQ HEALTHCARE DISPARITIES. THE EARNINGS FROM THE FUND WILL SUPPORT FELLOWSHIPS THAT GRADUATE SPECIALISTS IN LGBTQ HEALTH. THE COUNCIL ON LEGISLATION HONOR FUND WAS ESTABLISHED TO SUPPORT THE FOUNDATIONS LEADERSHIP DEVELOPMENT INSTITUTE PROGRAM. EARNINGS FROM THE FUND WILL SUPPORT THE LEADERSHIP DEVELOPMENT PROGRAM. Part XI, line 4b Fundraising Expenses Part XII, line 2b Fundraising Expenses Part X, Line 2 The Foundation is exempt from federal income taxes under the provision of Internal Revenue Code Section 501(c)(3). GAAP requires management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service (IRS) or other applicable taxing authorities. Management has analyzed the tax position taken by the Foundation and has concluded that as of June 30, 2025 and 2024, there are no uncertain positions taken that would require recognition of a liability or disclosure in the financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. true SEE ATTACHED LIST 501(c)3 2235847 Community Health Program SEE ATTACHED LIST 42 410000 SCHEDULE I, PART I, ITEM 1 THE FOUNDATION REQUIRES AN ANNUAL SUMMARY STATEMENT/ACCOUNTING OF THE USE OF FUNDS FROM THE GRANT RECIPIENT WHICH IS REVIEWED TO ENSURE THE GRANT FUNDS WERE USED AS INTENDED. X X X X false false false false false false false false false VIRGINIA SPITZER EXECUTIVE DIRECTOR 273899 273899 SANDRA SMITH DEPUTY DIRECTOR 203918 203918 OPERATIONAL INITIATIVES IN FISCAL YEAR 2024, THE STAFF AND THE PLANNING COMMITTEE WORKED TO DEVELOP A REVISED AND EXPANDED STRATEGIC PLAN AS DIRECTED BY THE BOARD OF DIRECTORS. THE INTENT OF THE REVISION AND EXPANSION WAS TO RECOGNIZE AND RESPOND TO THE VARIOUS CHANGES THE FOUNDATION HAS UNDERGONE SINCE THE 2022-2025 STRATEGIC PLAN WAS DEVELOPED. THESE INCLUDE DELAYS AND FLUCTUATIONS OF VARIOUS GRANT PROJECTS AND INCOMING AWARDS, CHANGES IN LEADERSHIP AND STAFF WITHIN THE FOUNDATION, AN OPPORTUNITY TO POTENTIALLY INCREASE COLLABORATION WITH AMA, AND CLARITY ON THE FUNDRAISING LANDSCAPE IN TERMS OF AREAS OF INTEREST TO FUNDERS. THE OUTCOME IS A NEWLY REVISED 2024-2027 AMAF STRATEGIC PLAN. IT INCLUDES THE FOLLOWING FOUR OVERARCHING GOALS: PROGRAMMING GOAL BY THE END OF FY27, DEVELOP STRATEGIC PARTNERSHIPS WITH THE AMA AND OTHER EXTERNAL STAKEHOLDERS TO EXECUTE MEANINGFUL PROGRAMS INVESTED IN HEALTH EQUITY AND PHYSICIAN LEADERS. DEVELOPMENT BY THE END OF FY27, FURTHER GROW SUSTAINABLE REVENUE MODELS BUILT ON STRATEGIC INVESTMENTS IN AMA/AMAF PROGRAMS AND FOSTER AN ENVIRONMENT THAT CENTERS ITS ACTIVITIES AROUND THE DEVELOPMENT PROCESS. OPERATIONS BY THE END OF FY27, RESTRUCTURE AMAF OPERATIONS TO SUSTAIN FURTHER ORGANIZATIONAL GROWTH, CREATING AN EFFICIENT ADMINISTRATIVE SYSTEM TO SUPPORT DEVELOPMENT, PROGRAMMING, AND FINANCIAL SUCCESS. MARKETING AND COMMUNICATIONS BY THE END OF FY27, EXPONENTIALLY INCREASE AMAF REACH AND VISIBILITY THROUGH A MULTIFACETED COMMUNICATION STRATEGY CENTERED CHARITABLE IMPACT THROUGH A DEVELOPMENT LENS. Part VI, Section A, Line 7a The American Medical Association Board of Trustees has the right to appoint three members of the American Medical Association Foundation Board. PART VI, SECTION A, ITEM 11A THE COMPLETED 990 IS SUBMITTED TO THE ENTIRE BOARD FOR REVIEW PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. PART VI, SECTION B, ITEM 12C A CONFLICT OF INTEREST REPORT IS PREPARED BY LEGAL COUNSEL ON AN ANNUAL BASIS. STAFF AND BOARD MEMBERS ARE REQUIRED TO REVIEW AND APPROVE THIS REPORT WHILE UPDATING IT FOR ANY KNOWN CHANGES AND ADDITIONAL POTENTIAL CONFLICTS OF INTEREST AS NECESSARY. ADDTIONALLY, IF ANY POTENTIAL CONFLICTS OF INTEREST ARISE DURING THE YEAR, STAFF AND BOARD MEMBERS ARE REQUIRED TO NOTIFY LEGAL COUNSEL AND THE BOARD OF DIRECTORS. PART VI, SECTION B, ITEMS 15A AND 15B THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SERVES AS THE EXECUTIVE COMPENSATION COMMITTEE AND IS CHARGED WITH DETERMINING AND APPROVING THE EXECUTIVE DIRECTOR'S COMPENSATION ANNUALLY. THE EXECUTIVE COMMITTEE PERIODICALLY RESEARCHES AND COMPARES COMPENSATION TO OTHER EXECUTIVE DIRECTOR POSITIONS OF SIMILAR NOT-FOR-PROFIT ORGANIZATIONS AS WELL AS COMPENSATION TO SIMILAR POSITIONS IN FOR-PROFIT COMPANIES. SUCH RESEARCH, REVIEW, AND APPROVAL IS DOCUMENTED AND RETAINED. COMPENSATION LEVELS FOR ALL OTHER POSITIONS ARE REVIEWED BY THE AMERICAN MEDICAL ASSOCIATION'S HUMAN RESOURCE DEPARTMENT THAT EVALUATES THE JOB DESCRIPTION BY COMPARING THE RELATED POSITION'S RESPONSIBILITIES TO OTHER POSITIONS IN AND OUTSIDE THE ORGANIZATION. POSITIONS WITH SIMILAR LEVELS OF RESPONSIBILTIES ARE GROUPED TOGETHER IN JOB GRADES AND ASSIGNED A STANDARD SALARY RANGE TO EACH GRADE. PART VI, SECTION C, ITEM 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE FOUNDATION'S AUDIT REPORT AND FORM 990 ARE AVAILABLE ON ITS WEBSITE (WWW.AMAFOUNDATION.ORG). PART IX, LINE 11G Professional Outside Services Total Program Management & Fundraising Expenses Expenses General Expenses Expenses $470,045 $152,325 $274,385 $43,335