Southwestern Medical Foundation

Organization Overview

Southwestern Medical Foundation is located in Dallas, TX. The organization was established in 1940. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Southwestern Medical Foundation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Medical Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Southwestern Medical Foundation generated $133.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $54.5m during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Southwestern Medical Foundation has awarded 551 individual grants totaling $385,659,184. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SOUTHWESTERN MEDICAL FOUNDATION (THE "FOUNDATION") WAS ORGANIZED IN 1939 AS A TEXAS NON-PROFIT CORPORATION, COMMITTED TO THE DEVELOPMENT AND IMPROVEMENT OF MEDICAL EDUCATION, MEDICAL RESEARCH AND PATIENT CARE IN THE NORTH TEXAS COMMUNITY AND THROUGHOUT THE WORLD. IN 1943, THE FOUNDATION ESTABLISHED SOUTHWESTERN MEDICAL COLLEGE, NOW KNOWN AS UT SOUTHWESTERN MEDICAL CENTER (THE "CENTER"). THE FOUNDATION CONTINUES TO RAISE AND MANAGE PRIVATE PHILANTHROPIC DOLLARS PRIMARILY FOR CONTINUED SUPPORT OF THE CENTER THROUGH GRANTS AND SCHOLARSHIPS.

Describe the Organization's Program Activity:

SOUTHWESTERN MEDICAL FOUNDATION ("FOUNDATION") WAS ORGANIZED IN 1939 AS A TEXAS NONPROFIT CORPORATION. THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AS A CHARITABLE ORGANIZATION.PROGRAMS SUPPORTED BY THE FOUNDATION ARE PRIMARILY BENEFITTING UT SOUTHWESTERN MEDICAL CENTER AS A LEADING BIOMEDICAL INSTITUTION IN EDUCATION, RESEARCH AND PATIENT CARE, AND ITS PRINCIPAL AFFILIATED INSTITUTIONS. THE FOUNDATION ALSO PROVIDES SUPPORT TO OTHER EXEMPT CIVIC AND MEDICAL ORGANIZATIONS, AND PROVIDES SCHOLARSHIP AWARDS TO MEDICAL STUDENTS AND OTHER HEALTH CARE PROVIDERS. THE FOUNDATION SPONSORS INFORMATIONAL LECTURES THAT FEATURE EXPERT SPEAKERS IN VARIOUS FIELDS. THE FOUNDATION EARNS NO INCOME FROM THESE LECTURES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Northern Trust Company
Investment Management
$472,901
Fund Evaluation Group
Investment Management
$387,103
People Performance Resources Llc
Hr Management Services
$313,738
Hunton Andrews Kurth Llp
Legal Services
$264,635
Casual Astronaut Inc
Marketing Services
$158,996
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$221,750
Related organizations$534,365
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$28,090,037
Noncash contributions included in lines 1a–1f $9,492,575
Total Revenue from Contributions, Gifts, Grants & Similar$28,846,152
Total Program Service Revenue$0
Investment income $12,989,843
Tax Exempt Bond Proceeds $0
Royalties $836,407
Net Rental Income $0
Net Gain/Loss on Asset Sales $90,388,697
Net Income from Fundraising Events -$59,212
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $133,001,887

Grants Awarded

Over the last fiscal year, Southwestern Medical Foundation has awarded $29,978,553 in support to 72 organizations.

Grant RecipientAmount

UT SOUTHWESTERN

PURPOSE: TO SUPPORT RESEARCH, CENTERS, ENDOWED CHAIRS, PROFESSORSHIPS AND OTHER PROGRAMS

$13,031,521

UT SOUTHWESTERN

PURPOSE: TO SUPPORT CURRENT NEEDS OF UT SOUTHWESTERN

$9,000,000

UT SOUTHWESTERN

PURPOSE: TO SUPPORT THE PEDIATRIC MOOD DISORDERS NETWORK AT CENTER FOR DEPRESSION RESEARCH

$1,750,000

UT SOUTHWESTERN

PURPOSE: TO SUPPORT NEUROSCIENCE RESEARCH AT SIMMONS COMPREHENSIVE CENTER FOR NEUROLOGY

$1,000,591

UT SOUTHWESTERN

PURPOSE: TO SUPPORT RESEARCH, CENTERS, ENDOWED CHAIRS, PROFESSORSHIPS, AND OTHER PROGRAMS

$1,000,000

UT SOUTHWESTERN

PURPOSE: TO BE APPLIED TO OUTSTANDING HOSPITAL BILLS FOR INDIGENT, ELDERLY PATIENTS

$573,043
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Southwestern Medical Foundation has recieved totaling $106,700.

Awarding OrganizationAmount
Mmk Foundation

Wilmington, DE

PURPOSE: PEDIATRIC NEPHROLOGY RESEARCH UNDER THE DIRECTION OF DR. JYOTHSNA GATTINENI

$100,000
Justin Dart Family Foundation

Los Angeles, CA

PURPOSE: CHARITABLE

$5,000
Peter P And Bonnie B Smith

Dallas, TX

PURPOSE: GENERAL OPERATING FUNDS

$1,500
Mineola Foundation Inc

Mineola, TX

PURPOSE: IN MEMORY OF CHRIS BROWN - IN SUPPORT OF BRAIN CANCER RESEARCH

$200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$938,315,090
Earnings$170,206,380
Net Contributions$17,970,162
Grants$29,950,758
Ending Balance$1,096,540,874

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