Panacea Financial Foundation
Panacea Financial Foundation is a private foundation based in Little Rock, Arkansas. Its 2024 filing reports direct charitable activity supporting medical school scholarships and medical school grants.
Panacea Financial Foundation at a glance
In short: Panacea Financial Foundation gave $56K across 32 grants in 2024 (avg $2K), top state California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $56,000
- +9.8% vs 2023
- Grants made (2024)
- 32
- +3.2% vs 2023
- Average grant
- $1,750
- +6.4% vs 2023
- Median grant
- $1,000
- Total assets
- $294,268
- +94.9% vs 2023
- Primary geography
- California (25% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Panacea Financial Foundation
- How to Apply
-
The filing lists the Scholarship Committee as the contact and directs applicants to find information on the foundation’s Community Engagement page. Applicants must be U.S. citizens, permanent residents, or individuals granted DACA status; be full-time students enrolled in an accredited U.S. medical school and enrolled during the academic year of the award; and belong to an underrepresented ethnic or racial minority as defined by the National Science Foundation. The listed groups are African American/Black, Hispanic/Latino, Native American (American Indian, Alaska Native, or Native Hawaiian), and Pacific Islander.
- Review Cycle
- The filing lists June 30th.
- Deadline
- The filing lists June 30th.
- Contact
Application contact: Scholarship Committee
Mailing address: Panacea Financial Foundation, 3604 Kavanaugh Blvd, Little Rock, AR 72205-1834
Phone: (501) 603-9000
Email: michael.jerkins@panaceafinancial.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Panacea Financial Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was George Heredia MS1 ($5K). Together the top 10 received $22K.
Organizations only. It also paid 3 individual scholarships ($15,000), which are not listed by name.
Grant Size Distribution
91 grants across all recorded years
The most common grant size was under $50K: 91 grants of 91 (100%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports grant recipients in multiple states. California received the largest share of grant dollars at 25%; New York, Pennsylvania, Kansas, and Missouri each received 9%.
Grant Distribution by State
Share of 2024 grant dollars across all 32 itemized grants.
States
Cities
How Panacea Financial Foundation gives
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $12K (2021) to $87K (2022). In 2024 it made 32 grants totaling $56K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| George Heredia MS1 Santa Ana, CA | Medical School Scholarship | $5,000 |
| 3 individual scholarships Recipients not named | — | $15,000 |
| Laura Jackson PHD MS3 Kansas City, KS | Medical School Scholarship | $5,000 |
| Alejandra Silva Hernandez MPH MS2 Vancouver, WA | Medical School Scholarship | $5,000 |
| Mohamed Issah Jalloh MD Ms MPH Alexandria, VA | Medical School Grant | $1,000 |
| Dr Mina Milad Rochester, NY | Medical School Grant | $1,000 |
| Dr Mohamed Maher Hulou Lexington, KY | Medical School Grant | $1,000 |
| Natalia Roque MD Chicago, IL | Medical School Grant | $1,000 |
| Argin Haritounian Do Glendale, CA | Medical School Grant | $1,000 |
| Dr Valentina Ramirez Bethesda, MD | Medical School Grant | $1,000 |
Ready to take the next step with Panacea Financial Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2024 | $294,268 | $200,231 | $56,950 | $56,000 | 32 | $56,800 | — |
| 2023 | $150,987 | $134,152 | $51,650 | $51,000 | 31 | $51,620 | $22 |
| 2022 | $68,485 | $18,000 | $87,500 | $87,000 | 27 | $87,500 | — |
| 2021 | $137,985 | $150,000 | $12,015 | $12,000 | 1 | $12,015 | — |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Grantmaking
In 2024, the foundation reported 32 grants totaling $56,000. Grant amounts ranged from $1,000 to $5,000, with a median of $1,000. The filing describes $30,000 as medical school scholarships and $26,000 as medical school grants. Six itemized awards were $5,000 each for medical school scholarships; other listed awards of $1,000 were for medical school grants.
In 2024, 25% of grant dollars went to recipients in California. New York, Pennsylvania, Kansas, and Missouri each accounted for 9%.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Michael Jerkins as an officer and Jeral Self as executive director. It also lists Javier Baez, Ray Bignall, Layoya Brathwaite, Ludwig Francillon, and Megan Gunn as advisory board members.
Panacea Financial Foundation's 2024 filing lists 7 officers; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Javier Baez
Advisory Board
On filings since 2021
No compensation reported
Jeral Self
Executive Di
On filings since 2021
No compensation reported
Layoya Brathwaite
Advisory Board
On filings since 2021
No compensation reported
Ludwig Francillon
Advisory Board
On filings since 2021
No compensation reported
Megan Gunn
Advisory Board
On filings since 2021
No compensation reported
Michael Jerkins
Officer
On filings since 2021
No compensation reported
Ray Bignall
Advisory Board
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Panacea Financial Foundation
How much does Panacea Financial Foundation give each year?
Panacea Financial Foundation gave $56K across 32 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $51K across 31 grants.
What is Panacea Financial Foundation's typical grant size?
Panacea Financial Foundation's median grant in 2024 was $1,000, and its average grant was $1,750, across 32 grants on its 2024 IRS Form 990-PF.
Where does Panacea Financial Foundation give grants?
Panacea Financial Foundation's top state is California, with 25% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (9%) and Pennsylvania (9%). The most frequent recipient cities were New York, NY (2 grants).
Does Panacea Financial Foundation give general operating support?
Not in 2024: none of the 32 grants with a stated purpose on Panacea Financial Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Medical School Grant" (26 grants) and "Medical School Scholarship" (6 grants).
Who are Panacea Financial Foundation's largest grantees?
Panacea Financial Foundation's largest 2024 grantees include George Heredia MS1 ($5,000), Laura Jackson PHD MS3 ($5,000) and Alejandra Silva Hernandez MPH MS2 ($5,000), according to its 2024 IRS Form 990-PF. It also paid 3 individual scholarships ($15,000), which are not listed by name. Together they received 27% of its itemized 2024 grant dollars.
How large is Panacea Financial Foundation?
Panacea Financial Foundation reported $294K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $200K.
How do I apply for a grant from Panacea Financial Foundation?
The filing lists the Scholarship Committee as the contact and directs applicants to find information on the foundation’s Community Engagement page. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Panacea Financial Foundation's EIN?
Panacea Financial Foundation's EIN (Employer Identification Number) is 86-2201397. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Other open foundation grants in Arkansas
Arkansas Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Panacea Financial Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
James L & Nellie Westlake Sfund-Uma
Milwaukee, WI
Assets
$19.5M
Grants
1
Total Given
$833K
IAMANGEL Foundation
Brookfield, WI
Assets
$103K
Grants
1
Total Given
$250K
Skywater Foundation Fund Inc
Bloomington, MN
Assets
$58K
Grants
1
Total Given
$89K
Charles Frees Educational Fund
Milwaukee, WI
Assets
$589K
Grants
1
Total Given
$69K
Graphic Packaging Int'l Philanthropic
Atlanta, GA
Assets
$19K
Grants
1
Total Given
$38K
Humana Foundation Inc
Louisville, KY
Humana Foundation supports health equity and community-based efforts focused on healthy connections, nutrition, and reducing barriers to health, with a geographic emphasis on Kentucky, Florida, Louisiana, and Texas. Its 2024 filing lists one grant of $15,914,894, so the typical giving level is unclear; Connected Healthy Lives accepts proposals through an online process, while the Health Equity Innovation Fund is invitation-only.
Assets
$393.3M
Grants
1
Total Given
$15.9M
More similar funders
More Funders in Arkansas
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Panacea Financial Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Panacea Financial Foundation down — hundreds of funders to go?