Texas Medical Association Special Funds Foundation

Organization Overview

Texas Medical Association Special Funds Foundation is located in Austin, TX. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Texas Medical Association Special Funds 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, Texas Medical Association Special Funds Foundation generated $395.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $278.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION 1)SUPPORTS PUBLIC HEALTH PROGRAMS 2) PROVIDES LOANS TO MEDICAL STUDENTS, RESIDENTS, AND GRADUATE STUDENTS 3) LIMITED GRANTS 4)UNDERWRITES LECTURESHIPS REGARDING MEDICINE AND THE LAW.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PUBLIC HEALTH INITIATIVES SUCH AS HEARTCARE, BIKE HELMETS FOR KIDS, IMMUNIZATION, PATIENT SAFETY, AND HEALTH INFORMATION TECHNOLOGY.


SCHOLARSHIP AWARD FOR APPLICANTS PURSUING CAREERS IN MEDICINE OR ALLIED HEALTH.


ADMINISTRATION OF MEDICAL STUDENT LOAN PROGRAM. THE FUND LOANS MONEY TO QUALIFIED MEDICAL STUDENTS WHO ESTABLISH A FINANCIAL NEED. DURING 2021, 16 LOANS FOR WERE ISUED FOR TOTAL OF $77,500.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$220,529
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$24,352
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$244,881
Total Program Service Revenue$14,108
Investment income $64,427
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $72,364
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $395,780

Grants Awarded

Over the last fiscal year, Texas Medical Association Special Funds Foundation has awarded $243,500 in support to 4 organizations.

Grant RecipientAmount

Riderwood, MD

PURPOSE: WALK WITH A DOC PROGRAM

$86,000

FLORIDA MEDICAL ASSOCIAITON

Org PageRecipient Profile

Tallahassee, FL

PURPOSE: TELEHEALTH GRANT

$75,000

MASSACHUSETTS MEDICAL SOCIETY

Org PageRecipient Profile

Waltham, MA

PURPOSE: TELEHEALTH GRANT

$75,000

UNIVERSITY OF TEXAS HEALTH CENTER AT TYLER

PURPOSE: SUPPORT THE TEXAS HEALTH IMPROVEMENT NETWORK'S STUDY

$7,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Texas Medical Association Special Funds Foundation has recieved totaling $220,529.

Awarding OrganizationAmount
Texas Medical Association Foundation

Austin, TX

PURPOSE: MINORITY SCHOLARSHIP PROGRAM

$130,449
Texas Medical Association

Austin, TX

PURPOSE: PUBLIC HEALTH PROGRAM SUPPORT

$90,080
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$417,903
Ending Balance$417,903

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