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.
Financial Overview
From 2025 IRS Form 990-PF · 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
Based on IRS filings
Fund for Advancement of Medical is a nonprofit organization 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 grants totaling $177K. Net investment income was $119K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $119,472 | $83,587 | $64,909 |
| 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 1 recipients in 2025
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERIC LARSON MD | DIRECTOR | 1 | — |
| GARY TIMMERMAN MD | SECRETARY | 1 | — |
| JEROME FREEMAN MD | DIRECTOR | 1 | — |
| KEITH HANSEN MD | VICE PRESIDENT | 1 | — |
| MICHELLE BAACK MD | DIRECTOR | 1 | — |
| SHEILA GESTRING MBA | DIRECTOR | 1 | — |
| TIM RIDGWAY MD | PRESIDENT | 1 | — |
| TIMOTHY SOUNDY MD | TREASURER | 1 | — |
| DESIRAE MUIRHEAD MD | DIRECTOR | 1 | — |
| CAROLYN GILBERTSON | DIRECTOR | 0.4 | — |
| ASHLEY BACOULIS | FIN & ADMIN SERV SPECIALIST | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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