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
Among its reported 2025 grants, the largest include Sanford Health Foundation ($176,700).
| Recipient | Purpose | Amount |
|---|---|---|
| SANFORD HEALTH FOUNDATION SIOUX FALLS, SD | SANFORD'S GI FELLOWSHIP PROGRAM | $176,700 |
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
Frequently Asked Questions
What is Fund for Advancement of Medical?
Fund for Advancement of Medical is a nonprofit organization focused on Health, based in SIOUX FALLS, SD. It holds $4.5M in total assets as of 2025.
How large is Fund for Advancement of Medical?
As of 2025, Fund for Advancement of Medical holds $4.5M in total assets with $668K in annual revenue. It awarded 1 grants totaling $177K in 2025.
Where does Fund for Advancement of Medical operate?
Fund for Advancement of Medical has awarded grants in South Dakota.
What size grants does Fund for Advancement of Medical award?
In 2025, Fund for Advancement of Medical awarded 1 grants totaling $177K — an average of about $177K per grant, based on its IRS Form 990 filings.
What is Fund for Advancement of Medical's EIN?
Fund for Advancement of Medical's EIN (Employer Identification Number) is 36-3432018. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Fund for Advancement of Medical's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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