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Panacea Financial Foundation is a private corporation based in LITTLE ROCK, AR. The foundation received its IRS ruling in 2021. It holds total assets of $294K. Annual income is reported at $200K. MEDICAL SCHOOL SCHOLARSHIPS - 25,000 IN SCHOLARSHIPS GRANTED AND PAID MEDICAL SCHOOL GRANTS - 26,000 IN GRANTS GRANTED AND PAID. According to available records, Panacea Financial Foundation has made 28 grants totaling $99K, with a median grant of $5K. Annual giving has grown from $12K in 2021 to $87K in 2022. Individual grants have ranged from $1K to $12K, with an average award of $4K. The foundation has supported 28 unique organizations. The foundation primarily supports organizations in Minnesota, Michigan, Massachusetts, which account for 25% of all grants. Grantmaking reaches organizations across 14 states. Contributions to this foundation are tax-deductible.
MEDICAL SCHOOL SCHOLARSHIPS - 12,000 IN SCHOLARSHIPS GRANTED AND PAID
Expenses: $12K
MEDICAL SCHOOL SCHOLARSHIPS - 25,000 IN SCHOLARSHIPS GRANTED AND PAID MEDICAL SCHOOL GRANTS - 26,000 IN GRANTS GRANTED AND PAID. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in MN, MI, MA.
Panacea Financial Foundation has distributed a total of $99K across 28 grants. The median grant size is $5K, with an average of $4K. Individual grants have ranged from $1K to $12K.
The application deadline is JUNE 30TH. APPLICANTS MUST BE A U.S. CITIZEN, PERMANENT RESIDENT OR AN INDIVIDUAL GRANTED DEFERRED ACTION FOR CHILDHOOD ARRIVALS (DACA) STATUS. MUST BE MEDICAL STUDENTS ENROLLED FULL-TIME IN AN ACCREDITED MEDICAL SCHOOL IN THE UNITED STATES WHO WILL BE ENROLLED IN THE ACADEMIC YEAR THAT THE SCHOLARSHIP IS AWARDED. MUST BE AN UNDERREPRESENTED ETHNIC OR RACIAL MINORITY CONSISTENT WITH THE NATIONAL SCIENCE FOUNDATION DEFINITION: AFRICAN AMERICAN/BLACK, HISPANIC/LATINO, NATIVE AMERICANS (AMERICAN INDIAN/ALASKA NATIVE/NATIVE HAWAIIAN), AND PACIFIC ISLANDER.
Panacea Financial Foundation is headquartered in LITTLE ROCK, AR. While based in AR, the foundation distributes grants to organizations across 14 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Jerkins | OFFICER | $0 | $0 | $0 |
| Jeral Self | EXECUTIVE DI | $0 | $0 | $0 |
| Javier Baez | ADVISORY BOA | $0 | $0 | $0 |
| Ray Bignall | ADVISORY BOA | $0 | $0 | $0 |
| Layoya Brathwaite | ADVISORY BOA | $0 | $0 | $0 |
Total Giving
$52K
Total Assets
$151K
Fair Market Value
$151K
Net Worth
$151K
Grants Paid
$51K
Contributions
$134K
Net Investment Income
$22
Distribution Amount
$0
Total Grants
28
Total Giving
$99K
Average Grant
$4K
Median Grant
$5K
Unique Recipients
28
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Deborah RoseMEDICAL SCHOOL GRANT | Durham, NC | $1K | 2022 |
| Ben GrobmanMEDICAL SCHOOL SCHOLARSHIP | Boston, MA | $5K | 2022 |
| Lensa TokaMEDICAL SCHOOL SCHOLARSHIP | St Paul, MN | $5K | 2022 |
| Christian WootenMEDICAL SCHOOL SCHOLARSHIP | Los Angeles, CA | $5K | 2022 |
| Anania WoldetensayeMEDICAL SCHOOL SCHOLARSHIP | Winstonsalem, NC | $5K |
PEORIA, IL
JEFFERSON CTY, MO
COLUMBIA, MO
FT LAUDERDALE, FL
| Ludwig Francillon |
| ADVISORY BOA |
| $0 |
| $0 |
| $0 |
| Megan Gunn | ADVISORY BOA | $0 | $0 | $0 |
| 2022 |
| Naeema Hopkins-KotbMEDICAL SCHOOL SCHOLARSHIP | Brookline, MA | $5K | 2022 |
| Oyinkansola AkinpeluMEDICAL SCHOOL SCHOLARSHIP | Royal Oak, MI | $5K | 2022 |
| Oluwapelumi OloyedeMEDICAL SCHOOL SCHOLARSHIP | Richmond, TX | $5K | 2022 |
| Scott Spivey-ProvencioMEDICAL SCHOOL SCHOLARSHIP | Austin, TX | $5K | 2022 |
| Samuel Adu-LarteyMEDICAL SCHOOL SCHOLARSHIP | Oklahoma City, OK | $5K | 2022 |
| Ashley Portillo RecinosMEDICAL SCHOOL SCHOLARSHIP | Madison, WI | $5K | 2022 |
| Jorge MonserrateMEDICAL SCHOOL SCHOLARSHIP | Bayamon, PR | $5K | 2022 |
| Quinton BlountMEDICAL SCHOOL SCHOLARSHIP | Fairburn, GA | $5K | 2022 |
| Mahfujul HaqueMEDICAL SCHOOL SCHOLARSHIP | Troy, MI | $5K | 2022 |
| Anna Lucille St CharlesMEDICAL SCHOOL SCHOLARSHIP | Ann Arbor, MI | $5K | 2022 |
| Mopeninu Jesu OluyinkaMEDICAL SCHOOL SCHOLARSHIP | Decatur, GA | $5K | 2022 |
| Adam Thompson-HarveyMEDICAL SCHOOL GRANT | Milwaukee, WI | $1K | 2022 |
| Tatiana NdjatouMEDICAL SCHOOL GRANT | New York, NY | $1K | 2022 |
| Bria CarrithersMEDICAL SCHOOL GRANT | Birmingham, AL | $1K | 2022 |
| Yaritzy Michelle AstudilloMEDICAL SCHOOL GRANT | Valley Stream, NY | $1K | 2022 |
| Christine BooneMEDICAL SCHOOL GRANT | San Diego, CA | $1K | 2022 |
| Nerissa VelazcoMEDICAL SCHOOL GRANT | Bronx, NY | $1K | 2022 |
| Kofi Bonney QuayeMEDICAL SCHOOL GRANT | Durham, NC | $1K | 2022 |
| Gregory PereiraMEDICAL SCHOOL GRANT | Chapel Hill, NC | $1K | 2022 |
| Allen LavinaMEDICAL SCHOOL GRANT | Sunrise, FL | $1K | 2022 |
| Chineze EboMEDICAL SCHOOL GRANT | Cincinnati, OH | $1K | 2022 |
| Vivian OkontaMEDICAL SCHOOL GRANT | Hawthorne, CA | $1K | 2022 |
| Scholarship America IncEDUCATION | Minneapolis, MN | $12K | 2021 |
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