As we look back on the achievements of our 85th year with pride, we are reminded of the work ahead of us to meet the growing needs of North Texas. We are also inspired by the commitment of our donors and partners to advance medical progress.
2024: Celebrating Lasting Leadership & Enduring Impact
With heartfelt appreciation, we extend our deepest gratitude to our Board of Trustees, donors, partners, and friends for your investments of support and engagement.
In 2024, we joyfully commemorated Southwestern Medical Foundation’s 85th anniversary. Looking back on our journey from humble beginnings to now championing a world-class medical center, we are reminded that our progress is both underpinned and advanced by the generosity of North Texans.
Last year, we were privileged to welcome 12 distinguished leaders to our Board of Trustees: Liz Armstrong, Jennifer Chandler, Kathy Crow, Curt Farmer, Mandy Ginsberg, Jacob Jones, Kay Bailey Hutchison, Todd Lemkin, Kyle Miller, Josie Sewell, Charmaine Tang, and Dennis Wong. Their diverse expertise and insight will strengthen our purpose as we address evolving needs.
We were proud to be named a Best Place to Work by the Dallas Business Journal, a testament to our team’s exceptional dedication to advancing our mission. This recognition underscores the culture of purpose and excellence that drives our daily work.
Our community came together to celebrate the groundbreaking of the Children’s Health℠ and UT Southwestern Medical Center’s new Dallas pediatric campus, which was a transformative step in expanding access to advanced care and breakthrough treatments for families across our state and beyond.
In 2024, the sixth-annual An Evening with DocStars event hosted by The Cary Council sold out, highlighting this group’s continued momentum in fostering broad engagement and funding for promising early-stage research at UT Southwestern.
We also introduced the “Learning from Leaders” podcast, spotlighting visionary figures sharing compelling stories about leadership, resilience, and growth. Hosted by members of The Cary Council, the podcast unites voices from diverse fields to explore the challenges and opportunities shaping what lies ahead.
This year’s achievements reflect a shared commitment to discovery and advancement. With continued collaboration, we will build on this momentum to shape a future defined by possibility and progress.
Michael McMahan
President & CEO
Sarah Fletcher
CFO
Celebrating 85 Years of Leadership
2024 marked the 85th anniversary of Southwestern Medical Foundation, showcasing a prominent medical history made possible by a united community. Learn about our storied past at Old Parkland and be inspired by the work we can achieve together as North Texas health care needs continue to grow.
Building Strength Through Stewardship
Southwestern Medical Foundation CFO, Sarah Fletcher, leads a conversation with Andrew M. Zach, Senior Vice President, FEG Investment Advisors, and David C. Haley, President (Emeritus), HBK Capital Management and Chair, Foundation Investment Committee, exploring our disciplined portfolio construction and long-term stewardship designed to perform through volatility and support enduring financial commitments.
Impact in Focus
In our 85th year, generosity from our community advanced meaningful progress across our three funding priorities: medical research, education, and patient care. The stories that follow highlight how philanthropic support helps drive medical discovery, prepare future health care leaders, and expand access to excellent care.
Medical Discovery
Turning Bold Ideas into Reality
UT Southwestern researchers are shaping and advancing the medical landscape with new breakthroughs every year, which are made possible through the kind and generous support of donors and partners across our region.
Education
Supporting Tomorrow’s Health Care Leaders
Your funding supports the next generation of medical talent and bolsters the work of today’s doctors and promising researchers, allowing them to keep medical progress in North Texas.
Patient Care
Growing Capacity for Growing Needs
Your support helps expand access to exceptional patient care across North Texas and other communities. Steady funding ensures consistency in quality care and strengthens our ability to meet evolving health needs.
Our Financial Report
Since inception, generous hearts in our region have invested $1 billion in gifts to Southwestern Medical Foundation. We have funded $900 million in grants, and through strategic oversight and stewardship we hold more than $1.2 billion in pooled assets. Your partnership with the Foundation creates meaningful and lasting impact in advancing progress in medicine.
Financials as of 12/31/2024.
Since inception, we have received gifts totaling
$1B+
We hold pooled assets of
$1.2B
We have
awarded grants
totaling
$900M+
Here’s What Our Endowed Funds Support
Endowed giving signals a belief in what’s possible. Southwestern Medical Foundation proudly manages more than 570 endowed funds, ensuring long term financial support for the infrastructure, programs, and talent required to drive positive change in medicine.
205 Chairs & Professorships
166 Research Centers & Programs
82 Student Benefits
53 Special Programs & Projects
70 Board Designated
576 Endowed Funds
Endowed chairs and professorships are differentiators for attracting and retaining leading talent. With steady funding, innovators are encouraged to pursue ambitious projects that might not otherwise be feasible.
Endowed support for a center or its programs sustains what’s needed to make life-changing medical breakthroughs and discoveries.
These funds provide financial support and inspiration for bright young minds to boldly pursue their futures.
When a donor places their trust in our mission, the intent behind their investment is honored in perpetuity. We are honored to manage 53 funds across a variety of fields that are driving medical progress forward.
Southwestern Medical Foundation’s Board of Trustees maintains strength in support for initiatives that lead medical progress forward, both at UT Southwestern and for other beneficiaries.
Investing for a Healthy Future
We believe that sustainable funding is critical to medical progress and work closely with our Board of Trustees and financial partners to strategically manage a portfolio that is built to weather market volatility.
SWMF
Broad Policy Index
Consumer Price Index + 5%
Broad Policy Index is comprised of public market weighted indices that attempt to
mirror the Foundation’s target weighted diversified portfolio by broad asset class.
Trusted by Charity Watchdogs
The Foundation continually upholds best-in-class practices to ensure gifts are stewarded to maximize impact. We continue to achieve top ratings with the most prominent charity watchdogs in the nonprofit industry.
Thank You to Our Donors
We are deeply grateful for the generosity shown by our community in 2024. The supporters recognized here demonstrated exceptional leadership in advancing medical progress and strengthening the Foundation’s mission.
O’Donnell Foundation
Benefitting multiple high-impact programs at UT Southwestern and related initiatives
Estate of Nelson Mauldin
In honor of Katie Nelson Mauldin, to support Alzheimer’s and Cancer Research at UT Southwestern
The Richard and Mary Templeton Foundation
Benefitting Moody Children’s Hospital and UT Southwestern’s Peter O’Donnell Jr. Brain Institute
The Dedman Foundation
Benefitting Moody Children’s Hospital
Adair Foundation
Chaplaincy & Bereavement Support at UT Southwestern
Thank You to Our Partners
Southwestern Medical Foundation engages trusted partners who bring specialized expertise to support key areas of our work and operations. Their guidance and capabilities help ensure that the Foundation is well-positioned for effective stewardship and long-term organizational strength.
Financial Partners
Bank of America
Comerica
Fund Evaluation Group
Hilltop Securities
JP Morgan
Northern Trust
Legal
Hunton Andrews Kurth LLP
Audit & Risk
Marsh McLennan
Whitley Penn
Event Production
Brigade Events
Human Resources
People Performance Resources
Information Technology & Cybersecurity
Cybalt
NCC Data
Public Relations, Communications
& Creative Services
Casual Astronaut
LDWW
O&H Brand Design
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