Mission: Founded in 1950, the AMA Foundation is the philanthropic arm of the American Medical Association. Our mission is to bring together physicians and communities to improve the nation's health. We are proud to provide a portfolio of charitable programs with two primary areas of focus: Community Health and Medical Education & Leadership. Our named and honor funds, established by individual donors, state medical societies, and medical specialty societies, continue their legacy of having a local impact on a national level throughout our programs.

American Medical Association Foundation is a 501(c)(3) organization, with an IRS ruling year of 1962, and donations are tax-deductible.

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Contact Information

  https://amafoundation.org/

 330 North Wabash Avenue
Suite 39300
Chicago IL 60611 

  312-464-4200


You are viewing this organization's new Charity Navigator profile page. To view the legacy version, click here.

Star Rating System by Charity Navigator


Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.




Poor

This charity's score is 66.41, earning it a 1-Star rating. Charity Navigator believes donors can "Give with Confidence" to charities with 3- and 4-Star ratings.

This score is calculated from two sub-scores:

This score represents Form 990 data from 2019, the latest year published by the IRS.

View this organization’s historical ratings.


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Star Rated Report

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Program Expense

Program Expense Ratio

39.4%


The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s).


This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver. Dividing a charity's average program expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.


Source: IRS Form 990

Administrative Expenses

31.3%


As reported by charities on their IRS Form 990, this measure reflects what percent of its total budget a charity spends on overhead, administrative staff and associated costs, and organizational meetings. Dividing a charity's average administrative expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.


Source: IRS Form 990

Fundraising Expenses

29.1%


This measure reflects what a charity spends to raise money. Fundraising expenses can include campaign printing, publicity, mailing, and staffing and costs incurred in soliciting donations, memberships, and grants. Dividing a charity's average fundraising expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.


Source: IRS Form 990

Liabilities to Assets Ratio

3.4%


The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990).


Part of our goal in rating the financial performance of charities is to help donors assess the financial capacity and sustainability of a charity. As do organizations in other sectors, charities must be mindful of their management of total liabilites in relation to their total assets. This ratio is an indicator of an organization’s solvency and or long term sustainability. Dividing a charity's total liabilities by its total assets yields this percentage.


Source: IRS Form 990

Fundraising Efficiency

$0.45


The amount spent to raise $1 in charitable contributions. To calculate a charity's fundraising efficiency, we divide its average fundraising expenses by the average total contributions it receives. We calculate the charity's average expenses and average contributions over its three most recent fiscal years.


Source: IRS Form 990

Working Capital Ratio

7.13 years


Determines how long a charity could sustain its level of spending using its net available assets, or working capital, as reported on its most recently filed Form 990. We include in a charity's working capital unrestricted and temporarily restricted net assets, and exclude permanently restricted net assets. Dividing these net available assets in the most recent year by a charity's average total expenses, yields the working capital ratio. We calculate the charity's average total expenses over its three most recent fiscal years.


Source: IRS Form 990

Program Expense Growth

-12.90%


We compute the average annual growth of program expenses using the following formula: [(Yn/Y0)(1/n)]-1, where Y0 is a charity's program expenses in the first year of the interval analyzed, Yn is the charity's program expenses in the most recent year, and n is the interval of years passed between Y0 and Yn.


Source: IRS Form 990

Governance


Charity Navigator looks to confirm on the Form 990 that the organization has these governance practices in place.


Sources Include: IRS Form 990

Governance:
Independent Voting Board Members  ... (More)
No Material Diversion of Assets ... (More)

A diversion of assets – any unauthorized conversion or use of the organization's assets other than for the organization's authorized purposes, including but not limited to embezzlement or theft – can seriously call into question a charity's financial integrity. We check the charity's last two Forms 990 to see if the charity has reported any diversion of assets. If the charity does report a diversion, then we check to see if it complied with the Form 990 instructions by describing what happened and its corrective action. This metric will be assigned to one of the following categories:

  • Full Credit: There has been no diversion of assets within the last two years.

  • Partial Credit: There has been a diversion of assets within the last two years and the charity has used Schedule O on the Form 990 to explain: the nature of the diversion, the amount of money or property involved and the corrective action taken to address the matter. In this situation, we deduct 7 points from the charity's Accountability and Transparency score.
  • No Credit: There has been a diversion of assets within the last two years and the charity's explanation on Schedule O is either non-existent or not sufficient. In this case, we deduct 15 points from the charity's Accountability and Transparency score.
(Less)
Audited Financials Prepared by Independent Accountant ... (More)

Audited financial statements provide important information about financial accountability and accuracy. They should be prepared by an independent accountant with oversight from an audit committee. (It is not necessary that the audit committee be a separate committee. Often at smaller charities, it falls within the responsibilities of the finance committee or the executive committee.) The committee provides an important oversight layer between the management of the organization, which is responsible for the financial information reported, and the independent accountant, who reviews the financials and issues an opinion based on its findings. We check the charity's Form 990 reporting to see if it meets this criteria.

  • Full Credit: The charity's audited financials were prepared by an independent accountant with an audit oversight committee.

  • Partial Credit: The charity's audited financials were prepared by an independent accountant, but it did not have an audit oversight committee. In this case, we deduct 7 points from the charity's Accountability and Transparency score.
  • No Credit: The charity did not have its audited financials prepared by an independent accountant. In this case, we deduct 15 points from the charity's Accountability and Transparency score.
(Less)
Does Not Provide Loan(s) to or Receive Loan(s) From Related Parties ... (More)
Documents Board Meeting Minutes ... (More)
Distributes 990 to Board Before Filing ... (More)
Compensates Board ... (More)

Policies


Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization has these policies in place.


Sources Include: IRS Form 990 and organization's website

Policies:
Conflict of Interest  ... (More)
Whistleblower ... (More)
Records Retention and Destruction ... (More)
CEO Compensation Process ... (More)
Donor Privacy ... (More)

Donors have expressed extreme concern about the use of their personal information by charities and the desire to have this information kept confidential. The exchanging and sale of lists for telemarketing and the mass distribution of "junk mail," among other things, can be minimized if the charity assures the privacy of its donors. Privacy policies are assigned to one of the following categories:

  • Yes: This charity has a written donor privacy policy published on its website, which states unambiguously that (1) it will not share or sell a donor's personal information with anyone else, nor send donor mailings on behalf of other organizations or (2) it will only share or sell personal information once the donor has given the charity specific permission to do so.

  • Opt-out: The charity has a written privacy policy published on its website which enables donors to tell the charity to remove their names and contact information from lists the charity shares or sells. How a donor can have themselves removed from a list differs from one charity to the next, but any and all opt-out policies require donors to take specific action to protect their privacy.
  • No: This charity either does not have a written donor privacy policy in place to protect their contributors' personal information, or the existing policy does not meet our criteria.

The privacy policy must be specific to donor information. A general website policy which references "visitor" or "user" personal information will not suffice. A policy that refers to donor information collected on the website is also not sufficient as the policy must be comprehensive and applicable to both online and offline donors. The existence of a privacy policy of any type does not prohibit the charity itself from contacting the donor for informational, educational, or solicitation purposes.

(Less)

Transparency


Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization makes this information easily accessible.


Sources Include: IRS Form 990 and organization's website

Transparency:
CEO Salary Listed on 990 ... (More)
Board of Directors Listed on Website ... (More)
Key Staff Listed on Website ... (More)
Audited Financial Statements on Website ... (More)
Form 990 Available on Website ... (More)

Additional Information

Unscored

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Total Revenue and Expenses

Total Revenue and Expenses

This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.

Salary of Key Persons

Presented here are this organizations key compensated staff members as identified by our analysts. This compensation data includes salary, cash bonuses and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting



Barkley Payne, Executive Director

$223,458 (8.17% of Total Expenses)


Source: IRS Form 990 (page 7), filing year 2020

Business Master File Data

Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website


Activities:

Scientific research (diseases) (BMF activity code: 161)

Contact or sponsored scientific research for industry (BMF activity code: 180)

Other school related activities (BMF activity code: 059)


Foundation Status:

Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi) (BMF foundation code: 15)


Affiliation:

Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)

Data Sources: IRS Forms 990

The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to view this organization's Forms 990 on the IRS website (if any are available).

Pandemic Response

Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them. Charities may submit their own pandemic responses through their nonprofit portal.


American Medical Association Foundation reported being impacted by COVID-19 in the following ways:
  • Program Delivery

  • Fundraising Capacity

  • Revenue

  • Grants Received

  • Grants Sent

  • Balance Sheet


How COVID-19 impacted the organization's operations financially:

As was the case with many other individuals and organizations, our investment portfolio was significantly affected by the volatile market, which, in turn, caused our endowment to yield lower than expected results in FY20. As the AMAF has a donor base that is primarily physicians, a temporary pause was put on fundraising to respect frontline workers in health care. While Annual Giving has recovered, a completely remote work environment continues to affect Major Giving.


How COVID-19 impacted the organization's delivery of programs:

For the medical education and leadership portion of the AMAF's program portfolio, the activities were simply shifted to a virtual environment. While not ideal, almost all of the planned initiatives were still implemented. COVID-19 did shift the priorities of the Community Health sites as they were directly involved with the pandemic response, including PPE. The AMAF committed to all of its charitable funding for the year, regardless of how an organization needed to adjust to handle the pandemic. The National LGBTQ+ Fellowship Program launch was delayed but ultimately commenced later in the fiscal year.


How this organization adapted to changing conditions caused by COVID-19:

The AMAF quickly and efficiently adapted to a completely virtual environment and the Board of Directors implemented a temporary pause in fundraising while focusing on charitable outreach. Virtual events were offered for the first time, text-to-give was brought on as a fundraising tool, and additional video capturing software allowed the Foundation to focus on storytelling and impact.


Innovations the organization intends to continue permanently after the pandemic:

The AMAF recognizes the value in the ability to meet virtually and intends to continue to offer the option once it is safe to meet in person. Many of the innovations in online and mobile giving will remain options for donors, as well as the interactive features of campaigns that can generate donor energy virtually. In addition, several operational efficiency improvements will remain implemented as well.


Historical Ratings

Date PublishedForm 990 FYEOverall ScoreOverall Rating
Rating Version: 2.1
12/23/20202019 66.41
10/1/20202018 66.41
8/1/20192018 66.34

This organization received multiple star ratings within this fiscal year, due to an update to it's Accountability and Transparency data and/or the receipt of an amended Form 990.

8/1/20182017 68.05
11/1/20172016 74.32
7/1/20172015 71.66
6/1/20162015 70.75
Rating Version: 2.0
8/1/20152013 71.93
12/20/20132012 82.36
6/1/20132011 68.78

...   Impact & Results


This score estimates the actual impact a nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.


Impact & Results Score

Not Currently Scored

American Medical Association Foundation cannot currently be evaluated by our Encompass Rating Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.

Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.

Learn more about Impact & Results.

Do you work at American Medical Association Foundation? Join the waitlist for an updated Impact & Results score.


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Additional Information

Unscored

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Largest Programs

Largest Programs



American Medical Association Foundation reported its three largest programs on its FY 2020 Form 990 as:


$394,552

Spent in most recent FY

27%

Percent of program expenses


MEDICAL SCHOLARSHIPS - PHYSICIANS OF TOMORROW PROVIDES SCHOLARSHIP FUNDING TO ACADEMICALLY OUTSTANDING MEDICAL STUDENTS WITH A FINANCIAL NEED WHO ARE ALREADY DEMONSTRATING A COMMITMENT TO PUBLIC HEALT ... (More)


$331,436

Spent in most recent FY

23%

Percent of program expenses


THE COMMUNITY HEALTH PROGRAM (CHP) - LAUNCHED IN 2018, FORMS AND SUPPORTS A COHORT OF COMMUNITY BASED ORGANIZATIONS ACROSS THE COUNTRY FOCUSED ON THE PREVENTION AND MANAGEMENT OF CHRONIC DISEASES AMON ... (More)


$615,858

Spent in most recent FY

42%

Percent of program expenses


ALTRUISM, LEADERSHIP DEVELOPMENT, AND ESSENCE "RELEASE THE PRESSUREOTHER CONCEPTS THROUGH THE EXCELLENCE IN MEDICINE AWARDS - THE AMA FOUNDATION PUBLICLY RECOGNIZES AND PROVIDES AWARDS TO ALTRUISTIC P ... (More)


...   Leadership & Adaptability


This score provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.


Leadership & Adaptability Score

100

out of 100

The score earned by American Medical Association Foundation is a passing score.

Encompass Rating V4 provides an evaluation of the organization's Leadership & Adaptability through the nonprofit organization submitting a survey response directly to Charity Navigator.


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Leadership & Adaptability Report

100

of 100 points

Mission

The nonprofit organization presents evidence of strategic thinking through articulating the organization’s mission


THE AMA FOUNDATION BRINGS TOGETHER PHYSICIANS AND COMMUNITIES TO IMPROVE OUR NATION'S HEALTH.


Source: Nonprofit submitted responses

Vision

The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.


To be the center of philanthropic activity that enables the medical community to help patients lead healthier lives.


Source: Nonprofit submitted responses

Strategic Goals

The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.


Goal One: The AMAF - validated through measurable outcomes - will further demonstrate its reach and impact, with adaptable program models that can be shared for replication with stakeholders.

Goal Type: Grow, expand, scale or increase access to the existing programs and services.


Goal Two: The AMAF will build upon its sustainable revenue model in order to maintain financial stability while strengthening key performance indicators and increasing our charitable mission.

Goal Type: Invest in the capacity of our organization (financial, management, technical, etc.).


Goal Three: The AMAF will expand and enrich its community engagement through new and strengthened relationships and collaborations.

Goal Type: Grow, expand, scale or increase access to the existing programs and services.


Source: Nonprofit submitted responses

Leadership Development

The nonprofit provides evidence of investment in leadership development


Describe an investment in leadership

Each fiscal year there is a budget for leadership development opportunities offered outside of the AMA. There are several internal additional workshops, webinar series, speakers, etc, that staff are encouraged to participated in throughout the year through the AMA. Additionally, the Executive Director has implemented a succession plan that incorporates investing in current staff leadership.

Source: Nonprofit submitted responses

Mobilizing for Mission

The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.


This organization mobilizes for mission in the following ways:
  • Strategic Partnerships

  • Networks of Collective Impact Efforts

  • Thought Leadership

  • Raising Awareness

  • Community Building

What are this organization’s external mobilizaton efforts?

The AMAF as the charitable arm of the AMA is well positioned to engage in strategic partnerships with external organizations to further the mission of improving public health. A specific example that incorporates many of mobilization efforts outlined above is the National LGBTQ+ Fellowship Program. A core component of the program is bringing together fellows, participating institutions, experts and other advocates in the LGBTQ+ community to exchange ideas, share best practices, and build a consortium of leaders. Furthermore, the AMAF is collaborating with several partners on the 'Release the Pressure' program on a national scale, as well as with local partners on the 'West Side United' project in Chicago.

Source: Nonprofit submitted responses

Story of Adaptability

The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.


The COVID-19 pandemic provided many unique external challenges for the AMAF. With a donor base that is majority physicians that were thrust into the frontlines of the pandemic, the AMAF made several significant changes. First and foremost, out of respect for health care workers, including the AMAF board and volunteers, fundraising was suspended for several months. Instead, the AMAF focused on messages of thanks and charitable impact. The AMAF also worked with its community health partner organizations to redistribute funding to accommodate the new and changing needs caused by COVID-19. This included acquiring and sending out PPE and other necessary supplies to partners in need. Corinne Hanson, Chief Development Officer at La Maestra Community Health Centers in San Diego shared this with us, “Thank you for allowing us to reallocate funding. This is very much needed in our health center. We cannot find enough personal protective equipment for our staff.” And, even in the face of a global pandemic, our Community Health Partners have remained steadfast in their effort to educate serve uninsured patient communities in the treatment and prevention of type-II diabetes and hypertension in addition to providing COVID-19 specific support.

Source: Nonprofit submitted responses

...   Culture & Community


This score provides an assessment of the organization's engagement with the constituents it serves, a practice we term Constituent Feedback. When organizations listen to constituents, they are able to better deliver on programs and meet the needs of stakeholders. A future version of this Beacon will also assess an organization's people operations and its Diversity, Equity and Inclusion (DEI) metrics.


Culture & Community Score

100

out of 100

The score earned by American Medical Association Foundation is a passing score.

Encompass Rating V4 provides an evaluation of an organization's Culture and Community by measuring its Constituent Feedback practices (see report below). Constituent Feedback data provides 100% of the basis for the initial evaluation of the Culture & Community Beacon.


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Culture & Community Report

100

of 100 points

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Constituent Feedback

Constituent Feedback

Full Credit


This organization reported that it is collecting feedback.


Here's how this organization is listening and learning from the people they serve:


How is your organization collecting feedback from the people you serve?

Electronic surveys (by email, tablet, etc.), Focus groups or interviews (by phone or in person), Paper surveys, Constituent (client or resident, etc.) advisory committees


How is your organization using feedback from the people you serve?

To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve


With whom does your organization share the feedback you got from the people you serve?

The people we serve, Our staff, Our board, Our funders, Our community partners


What challenges does your organization face in collecting feedback from the people you serve?

Staff find it hard to prioritize feedback collection and review due to lack of time


Briefly describe a recent change that your organization made in response to feedback from the people you serve.

The AMAF Board regularly reviews its charitable programs to ensure they remain relevant and are being fully leveraged to achieve its mission. Just recently, the AMAF Board convened a workgroup to review the programs in its Medical Education and Leadership portfolio. This assessment included donors, former medical education program recipients and other key stakeholders. Based on the feedback received, numerous improvements will be made to the Foundation’s scholarship and Leadership Development Institute. Enhancements include improvement to the applications, criteria eligibility, review rubric, and promotional efforts/outreach to potential applicants. Some of these improvements were activated in the current cycle of these programs while others will be implemented in the upcoming 2022 cycle.



Methodology


Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective. We've partnered with GuideStar by Candid to survey organizations about their feedback practices. Nonprofit organizations can fill out the How We Listen section of their Candid profile to receive a rating.


Charity Navigator awards full credit for this Beacon to every nonprofit that is eligible for an Encompass Rating that completes the survey, in recognition of their willingness to publicly share this information with the nonprofit and philanthropic communities. This data is not evaluated for quality at this time. Validation will be added in future iterations of this Beacon.

Analysis and Research


Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Our partnership with Feedback Labs and Guidestar by Candid, and other partners including Fund for Shared Insight, GlobalGiving, and Keystone Accountability, enables us to launch the first version of this beacon with Constituent Feedback information collected on Candid's site.


Feedback practices have been shown to support better Diversity, Equity, and Inclusion outcomes, an essential area of assessment that we intend to further expand and develop in the future. Feedback Labs has documented several studies which indicate that beyond achieving organizational goals, nonprofits that are attentive and responsive to concerns and ideas raised by beneficiaries establish stronger relationships with the people they serve, promote greater equity, and empower constituents in ways that can help to ensure better long-term outcomes. You can find resources to help nonprofits improve their feedback practices here.

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