ABFM Foundation Inc is a 501(c)(3) nonprofit organization based in Lexington, Kentucky, established in 2000. The foundation supports the American Board of Family Medicine (ABFM) and focuses on advancing the field of family medicine through education, research, and professional development initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$130.6M
+19.6% YoY
Annual Giving
$3.5M
+63.0% YoY
Grant Count
51
+112.5% YoY
Avg Grant Size
$69K
-23.3% YoY
Mission & Focus Areas
The foundation's mission is to perform the functions and carry out the education, scientific, literary, and charitable purposes of the American Board of Family Medicine, including:
- Accepting funding requests for education, scholarly activities, and research in family medicine
- Supporting educational training and testing initiatives
- Soliciting and accepting contributions and research grants to fund projects and initiatives that benefit the specialty of family medicine
Primary Program Areas:
- Research directed towards improving the education, training, and certification processes for family physicians
- Management of the Center for Professionalism & Value in Health Care, located in Washington DC, which studies relationships between professionalism and value in healthcare, promotes their alignment, and reduces health professionals' burden
- Management and publication of the Journal of the American Board of Family Medicine (JABFM) and the Annals of Family Medicine, which publish peer-reviewed articles addressing healthcare issues in family medicine
- Administration of the PRIME Registry, an outpatient clinical data registry and qualified clinical data registry
Grantmaking
The foundation has selected an inaugural cohort of AI/ML grant recipients, indicating active grantmaking in emerging healthcare technology areas.
Ready to take the next step with Abfm Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation's grant-making focuses primarily on Kansas, Wisconsin, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $130,610,531
- Total giving: $3,605,213
- Total revenues: $24,990,397
- Total expenses: $9,527,924
Charity Rating: The organization holds a Three-Star rating with a score of 79%, indicating good accountability and financial practices.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $130,610,531 | $109,220,739 | $94,569,952 |
| Revenue | $24,990,397 | $8,860,380 | $8,163,967 |
| Expenses | $9,527,924 | $7,792,687 | $8,454,847 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $7,447,689 | $2,063,556 | $-1,854,895 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
120 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Roger Bean - Chief Financial Officer of ABFM Foundation Inc
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WARREN NEWTON MD | DIRECTOR/PRESIDENT/SECRETA | 2 | — |
| DIANE BEEBE MD | DIRECTOR AND CHAIR | 1.5 | $6,500 |
| CARLOS JAEN MD | DIRECTOR AND VICE CHAIR | 1 | $6,000 |
| LAURA BROOKS MD | DIRECTOR AND TREASURER | 1.5 | $6,000 |
| SAM JONES MD | DIRECTOR | 1 | $5,500 |
| COLLEN CONRY MD | DIRECTOR | 1 | $4,500 |
| CARLOS GONZALES | DIRECTOR | 1 | $1,500 |
| JERRY KRUSE | DIRECTOR | 1 | $1,500 |
| ROGER BEAN CPA | EXECUTIVE DIRECTOR | 35 | — |
Recent News & Activity
Recent developments and announcements
The ABFM Foundation has selected an inaugural cohort of recipients for AI/ML (Artificial Intelligence/Machine Learning) grants, demonstrating the foundation's commitment to supporting innovation in family medicine and healthcare technology.
ABFM Foundation Selects Inaugural Cohort of AI/ML Grant Recipients - AmericanSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Mildred H Dunning Memorial Fund Trust
LEXINGTON, KY
Assets
$4.3M
Grants
3
Total Given
$209K
Pauline C Young Scholarship
LEXINGTON, KY
Assets
—
Grants
0
Total Given
—
Welcome House Inc
COVINGTON, KY
Assets
$15.7M
Grants
1
Total Given
$405K
Tw Hl & Ns Donovan Scholarship
LEXINGTON, KY
Assets
$673K
Grants
2
Total Given
$36K
Taking Back Our Neighborhood Together
GLENVIEW, KY
Assets
$21K
Grants
0
Total Given
—
John T Reis Private Foundation
COVINGTON, KY
Assets
$200K
Grants
11
Total Given
$341K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Abfm Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities