Fund for Advancement of Medical Education and Research

Public charity · Grantmaker Sioux Falls, SD EIN: 36-3432018

Assist the university of South Dakota sanford school of medicine and its faculty to meet the school's primary goals of research, education, and patient care.

Key facts about Fund for Advancement of Medical Education and Research

In short: Fund for Advancement of Medical Education and Research gave $177K across 1 grant in 2025 (avg $177K), mostly in South Dakota. Source: 2025 IRS Form 990.

EIN
36-3432018
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$176,700
Grants made (2025)
1
Average grant
$176,700
Median grant
$176,700
Total assets
$4,525,033
Primary geography
South Dakota (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$4.5M

+3.7% YoY

Annual Giving

$177K

+489.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$177K

+489.0% YoY

About Fund for Advancement of Medical Education and Research

Based on IRS filings

Fund for Advancement of Medical Education and Research is a public charity focused on Health, based in Sioux Falls, SD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.5M in total assets. In 2025, it awarded 1 grant totaling $177K. Net investment income was $119K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Sioux FallsVermillion

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K0 grants2020 0 grants2021 0 grants2022 0 grants2023 1 grant2024 1 grant2025

From 2024 to 2025, annual grant giving ranged from $30K (2024) to $177K (2025). In 2025 it made 1 grant totaling $177K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Sanford Health Foundation: $177KSanford Health Foundation$177K

The largest 2025 recipient was Sanford Health Foundation ($177K).

Grant Size Distribution

2 grants across all recorded years

1<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 2 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Sanford Health Foundation Sioux Falls, SDSanford's Gi Fellowship Program$176,700

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$4,525,033$4,365,339$4,021,856
Revenue$668,045$712,345$596,108
Expenses$629,746$468,114$459,349
Net Investment Income$119,472$83,587$64,909

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2024 (received by the IRS October 23, 2024)
  2. Updated Form 990 for fiscal year 2025 (received by the IRS January 13, 2026)
  3. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Fund for Advancement of Medical Education and Research is led by Tim Ridgway MD, President since 2022 (on filings since 2021); none of the 11 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Tim Ridgway MD

    President

    President - → President, 2022

    On filings since 2021

    1 hr/week

    No compensation reported

  • Jerome Freeman MD

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Sheila Gestring MBA

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Eric Larson MD

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Michelle Baack MD

    Director

    Director - → Director, 2023

    On filings since 2022

    1 hr/week

    No compensation reported

  • Desirae Muirhead MD

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Carolyn Gilbertson

    Director

    On filings since 2024

    0.4 hrs/week

    No compensation reported

  • Gary Timmerman MD

    Secretary

    Director → Secretary, 2021

    On filings since 2020

    1 hr/week

    No compensation reported

  • Keith Hansen MD

    Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Timothy Soundy MD

    Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Ashley Bacoulis

    Finance & Administrator Serv Specialist

    Finance & Administrator Serv Spec- → Finance & Administrator Serv Special, 2023

    Finance & Administrator Serv Special → Finance & Administrator Serv Specialist, 2025

    On filings since 2022

    4 hrs/week

    No compensation reported

Former officers (7)
  • Former: Susan Anderson MD (2020–2024) — Director
  • Former: Michael Koch MD (2020–2023) — Director
  • Former: Michelle Mashlan (2020–2022) — Director of Finance
  • Former: Joseph Zenel MD (2021–2022) — Director - Left
  • Former: Mary Nettleman MD (2020–2021) — President - Left
  • Former: Archana Chatterjee MD (2020) — Secretary - Left
  • Former: Russell Wilke MD (2020) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Fund for Advancement of Medical Education and Research

How much does Fund for Advancement of Medical Education and Research give each year?

Fund for Advancement of Medical Education and Research gave $177K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $30K across 1 grant.

How large is Fund for Advancement of Medical Education and Research?

Fund for Advancement of Medical Education and Research reported $4.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $668K.

What is Fund for Advancement of Medical Education and Research?

Fund for Advancement of Medical Education and Research is a public charity focused on Health, based in Sioux Falls, SD. It holds $4.5M in total assets as of 2025.

Where does Fund for Advancement of Medical Education and Research operate?

Fund for Advancement of Medical Education and Research has awarded grants in South Dakota.

What is Fund for Advancement of Medical Education and Research's EIN?

Fund for Advancement of Medical Education and Research's EIN (Employer Identification Number) is 36-3432018. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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