Southwestern Medical Foundation is a nonprofit charitable organization based in Dallas, Texas, founded in 1939. The Foundation operates as a 501(c)(3) organization and serves as a leading charitable institution supporting advancement in medical education, medical research, and medical care, primarily in the southwestern United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3B
+7.6% YoY
Annual Giving
$47.3M
+8.9% YoY
Grant Count
61
+19.6% YoY
Avg Grant Size
$776K
-9.0% YoY
Mission & Focus Areas
The Foundation's mission is to identify opportunities and challenges to inspire and advance progress in medicine. It helps create needed resources to advance medicine primarily in the southwestern United States through the commitment of donors, working to assure the highest quality of medicine through scientific discoveries, medical training, and patient care.
The Foundation is guided by four building standards that define its approach:
- Service to Community
- Vision of Excellence
- Mindful Stewardship
- Best Outcomes
Primary funding areas include:
- Medical research
- Medical education
- Medical faculty development
- Medical students and other learners in health care
- Patient and clinical programs
- Health care awareness and prevention
The Foundation's programs primarily benefit the University of Texas Southwestern Medical Center as a leading biomedical institution in education, research, and patient care, along with its principal affiliated institutions. The Foundation also provides support to other exempt civic and medical organizations, provides scholarship awards to medical students and other health care providers, and sponsors informational lectures featuring expert speakers in various fields.
Grantmaking
The Foundation made total grants of $48,528,987 in its most recent reporting year. Recent grants include:
Grant Types
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Geographic Focus
Where this funder awards grants
The Foundation provides support geographically on an international basis, with primary focus in the southwestern United States, Texas, Oklahoma, and Ohio.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $1,290,642,191
- Total Revenues: $183,069,250
- Total Expenses: $55,305,025
- Total Giving: $48,528,987
Previous Year (2023):
- Total Assets: $1,199,963,212 (ledger value)
- Revenue: $185,831,361
- Total Assets: $1.2 billion
- Total Expenses: $51.9 million
Organization Details:
- Annual Revenue: $44.9 million (company operations)
- Employees: 17
- Headquarters: 3889 Maple Avenue, Suite 100, Dallas, TX 75219
- Phone: 214-351-6143
- Tax-exempt status: Granted May 1940
- EIN: 75-0945939
Rating: The Foundation holds a Four-Star rating with a 100% score, reflecting strong accountability and financial practices.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,290,642,191 | $1,199,963,212 | $1,123,003,167 |
| Revenue | $183,069,250 | $72,790,697 | $79,182,549 |
| Expenses | $55,305,025 | $51,850,614 | $81,194,379 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $120,709,255 | $45,184,385 | $55,026,470 |
| 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
250 grants across all recorded years
Open Grants
3 open opportunities from Southwestern Medical Foundation
Ho Din Award
SOUTHWESTERN MEDICAL FOUNDATION
Amount
$10,000
Deadline
Rolling / Open
Ida M. Green Award
SOUTHWESTERN MEDICAL FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Priddy Award
SOUTHWESTERN MEDICAL FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The Foundation was originally chartered in 1939 by Dr. Edward H. Cary, Karl Hoblitzelle, Hall Shannon, and E.R. Brown.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JERE W THOMPSON JR | CHAIRMAN OF THE BOARD | 0.25 | — |
| CHERYL D ALSTON | TRUSTEE | 0.25 | — |
| LIZ ARMSTRONG | TRUSTEE | 0.25 | — |
| KIM J ASKEW | TRUSTEE | 0.25 | — |
| KELVIN A BAGGETT MD | TRUSTEE | 0.25 | — |
| RANDY BEST | TRUSTEE | 0.25 | — |
| LUCY BILLINGSLEY | TRUSTEE | 0.25 | — |
| JAN HART BLACK | TRUSTEE | 0.25 | — |
| RANDY BOWMAN | TRUSTEE | 0.25 | — |
| TUCKER S BRIDWELL | TRUSTEE | 0.25 | — |
| DAVID O BROWN | TRUSTEE | 0.25 | — |
| J ROBERT BROWN | TRUSTEE | 0.25 | — |
| SHONN BROWN | TRUSTEE | 0.25 | — |
| PETER D BRUNDAGE | TRUSTEE | 0.25 | — |
| LELAND R BURK | TRUSTEE | 0.25 | — |
| JENNIFER CHANDLER | TRUSTEE | 0.25 | — |
| PETE CHILLIAN | TRUSTEE | 0.25 | — |
| NITA P CLARK | TRUSTEE | 0.25 | — |
| DAVID R CORRIGAN | TRUSTEE | 0.25 | — |
| TIMOTHY P COSTELLO | TRUSTEE | 0.25 | — |
| KATHY CROW | TRUSTEE | 0.25 | — |
| LINDA PITTS CUSTARD | TRUSTEE | 0.25 | — |
| ROBERT H DEDMAN JR | TRUSTEE | 0.25 | — |
| LINDA P EVANS | TRUSTEE | 0.25 | — |
| CURT FARMER | TRUSTEE | 0.25 | — |
| HILL A FEINBERG | TRUSTEE | 0.25 | — |
| ANDERSEN C FISHER | TRUSTEE | 0.25 | — |
| CATE FORD | TRUSTEE | 0.25 | — |
| HOLLAND P GARY | TRUSTEE | 0.25 | — |
| MARK D GIBSON | TRUSTEE | 0.25 | — |
| MANDY GINSBERG | TRUSTEE | 0.25 | — |
| DAVID C HALEY | TRUSTEE | 0.25 | — |
| PILAR TABERNERO HENRY | TRUSTEE | 0.25 | — |
| KENNETH A HERSH | TRUSTEE | 0.25 | — |
| JOAN BUCHANAN HILL | TRUSTEE | 0.25 | — |
| JAMES R HUFFINES | TRUSTEE | 0.25 | — |
| KAY BAILEY HUTCHISON | TRUSTEE | 0.25 | — |
| JACOB JONES | TRUSTEE | 0.25 | — |
| ROD C JONES | TRUSTEE | 0.25 | — |
| BOB JORDAN | TRUSTEE | 0.25 | — |
| ROBERT W JORDAN | TRUSTEE | 0.25 | — |
| MICHAEL L KAHN | TRUSTEE | 0.25 | — |
| LINDA KAO | TRUSTEE | 0.25 | — |
| JAMES KEYES | TRUSTEE | 0.25 | — |
| IMRAN KHAN | TRUSTEE | 0.25 | — |
| CHRIS KLEINERT | TRUSTEE | 0.25 | — |
| CAREN KLINE | TRUSTEE | 0.25 | — |
| JOYCE LACERTE | TRUSTEE | 0.25 | — |
| MARK LANGDALE | TRUSTEE | 0.25 | — |
| TODD LEMKIN | TRUSTEE | 0.25 | — |
| JACK B LOWE JR | TRUSTEE | 0.25 | — |
| NANCY CAIN MARCUS PHD | TRUSTEE | 0.25 | — |
| CHARLES W MATTHEWS | TRUSTEE | 0.25 | — |
| AMY MCKNIGHT | TRUSTEE | 0.25 | — |
| DAVID B MILLER | TRUSTEE | 0.25 | — |
| SARAH K MILLER | TRUSTEE | 0.25 | — |
| KIT TENNISON MONCRIEF | TRUSTEE | 0.25 | — |
| CARTER MONTGOMERY | TRUSTEE | 0.25 | — |
| J RAY NIXON JR | TRUSTEE | 0.25 | — |
| ALFREDA B NORMAN | TRUSTEE | 0.25 | — |
| LYDIA H NOVAKOV | TRUSTEE | 0.25 | — |
| CONNIE O'NEILL | TRUSTEE | 0.25 | — |
| MARSHALL PAYNE | TRUSTEE | 0.25 | — |
| JEANNE L PHILLIPS | TRUSTEE | 0.25 | — |
| DANIEL K PODOLSKY MD | TRUSTEE | 0.25 | — |
| MATTHEW S RAMSEY | TRUSTEE | 0.25 | — |
| KATIE H ROBBINS | TRUSTEE | 0.25 | — |
| CATHERINE M ROSE | TRUSTEE | 0.25 | — |
| DANIEL G ROUTMAN | TRUSTEE | 0.25 | — |
| ROBERT B ROWLING | TRUSTEE | 0.25 | — |
| BRIAN SCHULTZ | TRUSTEE | 0.25 | — |
| JENNIFER SCRIPPS | TRUSTEE | 0.25 | — |
| DAVID T SEATON | TRUSTEE | 0.25 | — |
| NICOLE G SMALL | TRUSTEE | 0.25 | — |
| BONNIE BASS SMITH | TRUSTEE | 0.25 | — |
| JERRY V SMITH | TRUSTEE | 0.25 | — |
| MARVIN J STONE MD | TRUSTEE | 0.25 | — |
| SAM L SUSSER | TRUSTEE | 0.25 | — |
| CHARMAINE TANG | TRUSTEE | 0.25 | — |
| MCHENRY T TICHENOR JR | TRUSTEE | 0.25 | — |
| KIP TINDELL | TRUSTEE | 0.25 | — |
| MARGARET VONDER HOYA | TRUSTEE | 0.25 | — |
| TODD WILLIAMS | TRUSTEE | 0.25 | — |
| DENNIS WONG | TRUSTEE | 0.25 | — |
| KATHLEEN J WU | TRUSTEE | 0.25 | — |
| MARK ZALE | TRUSTEE | 0.25 | — |
| DAWN ZIERK | TRUSTEE | 0.25 | — |
| MICHAEL MCMAHAN | PRESIDENT AND CEO | 40 | $441,583 |
| SARAH FLETCHER | CHIEF FINANCIAL OFFICER | 40 | $263,000 |
| EMILY DAVIS | CORPORATE SECRETARY | 40 | $150,040 |
| TRAE HOLMES | SENIOR DIRECTOR OF ACCOUNT | 40 | $165,278 |
| STEPHANIE VIDIKAN | SENIOR DIRECTOR OF OPERATIONS | 40 | $148,350 |
| BRITTANY LEBLING | DIRECTOR OF COMMUNICATIONS | 40 | $136,062 |
| BLAKE EVANS | DIRECTOR OF DONOR RELATIONS | 40 | $110,920 |
| RAPHAEL FOSTER | SENIOR FINANCIAL ANALYST AND TREASURY MANAGER | 40 | $108,304 |
Recent News & Activity
Recent developments and announcements
The Foundation celebrated its 75-year legacy and continues to support its mission of advancing medical research, education, and patient care in the community. The Cary Council has been recognized for 10 years of supporting early-stage researchers at UT Southwestern, awarding grants to emerging researchers in various medical fields. Recent grant recipients have focused on areas including cancer prevention, biomedical engineering, and brain research.
Southwestern Medical Foundation/UTSW Cary Council Awards Grants to ThreeSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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