Scott’s philanthropic investment will accelerate the work of the National Medical Fellowships in developing diverse leaders committed to dismantling systemic and structural racism in health care.
ALEXANDRIA, Va., March 23, 2022 /PRNewswire/ — National Medical Fellowships (NMF) announced that philanthropist MacKenzie Scott made a $12 million donation to the organization, which is the largest donation in the organization’s 76-year history.
NMF has worked for decades to strengthen health equity by providing scholarships to Black, Indigenous, and Medical Students of Color (BIPOC). In recent years, it has extended its support to researchers seeking to fill other essential roles within the health workforce.
NMF is the only organization dedicated exclusively to this mission and focusing its work on the health-wealth gap. The Education Data Initiative reported in 2021 that the average medical student debt was $215,900but it can go up to $300,000, and these figures do not take into account the debt of premedical training. Economic disparities are creating conditions where more underrepresented medical students (Black, Indigenous, and Latino students) are graduating with debt and at higher levels. NMF works to reduce barriers to medical education and increase the diversity of the healthcare workforce to ensure that all communities receive equitable care.
“At MacKenzie Scott’s transformative philanthropic investment is the jet fuel NMF needs to take bold and decisive action to build a more equitable and healthy future for communities of color in the United States,” says NMF President and CEO Michellene Davis, Esq. “This donation is especially timely as the COVID-19 pandemic wreaks disproportionate havoc on communities of color and shines a light on the human cost of health inequity. NMF will use this donation without restriction to build its endowment and accelerate our work to invest in the development of BIPOC healthcare leaders who are focused on eliminating unnecessary and preventable health disparities experienced by communities of color.
The allocation of funds will be determined by the President and CEO and the NMF Board of Directors in the coming weeks.
“NMF is deeply grateful that MacKenzie Scott recognized the impactful work we have done for more than 75 years to advance health equity by providing scholarships to underrepresented medical students,” said NMF Board Chair and Alumnus Sandra B. Nichols, MD, FAAFP, MHCDS, MS. “This gift sends a message to those students who want to pursue a career in healthcare. It tells them they are needed, welcomed and supported as they work to earn their degrees so they can transform the system. healthcare provider into one that serves all communities equally.”
About National Medical Fellowships
National Medical Fellowships, Inc. is the only private, national organization dedicated to providing scholarships and support specifically to underrepresented students in medicine and health professions. Over its history, NMF has provided more than $45 million to more than 32,000 students and aspiring healthcare professionals. NMF was founded in 1946 and was one of the first diversity organizations in the United States.
Contact: Samantha Gordon
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SOURCE National Medical Scholarships