National Medical Fellowships

Name

National Medical Fellowships

Legal name

National Medical Fellowships, Inc.

Website

https://nmfonline.org

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Medical Education Scholarships

NAICS

Voluntary Health Organizations (813212), Grantmaking and Giving Services (81321), Other Grantmaking and Giving Services (813219)

SIC

Services-Educational Services (8200), Services-Health Services (8000)

akta.pro primary industry

Scholarship & Fellowship Foundations and Trusts (EDADAHAC)

akta.pro secondary industries

Health & Medical Research Grantmaking Foundations (BPAGAKAL), Workforce Development & Training Grants (Public Health) (HLAJALAM), Research & Science Grantmaking Foundations (BPAGAKAI)

Keywords

• Medical scholarships
• Health workforce development
• Clinical research training
• Diversity in medicine
• Service learning programs

Headquarters

HQ city

Alexandria

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Technology or R&D

Revenue model

1. Foundation and Corporate Grants: NMF receives significant funding from healthcare foundations and corporations including Johnson & Johnson Foundation ($250,000+), United Health Foundation, Genentech, AstraZeneca, AbbVie, and others. These grants fund specific scholarship programs and operational activities. Grants represent the largest revenue stream at approximately $3.2M in 2024.
2. Individual Donations: Individual donors contribute at various levels, from major donors (Governors, board members) to annual giving. The organization cultivated relationships with 1,025+ prospects in 2024 and raised over $5.4M total including over $1M in planned gifts. Individual contributions approximately $2.2M in 2024.
3. Event Revenue: NMF generates revenue through signature gala events including sold-out events in Los Angeles and Atlanta raising over $1M combined. Event revenue was approximately $477K in 2024.
4. Investment Returns: NMF maintains an investment portfolio valued at approximately $6.4M as of end of 2024, generating investment returns that contributed approximately $453K to revenue in 2024.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

National Medical Fellowships (NMF) is a nonprofit organization that provides scholarships, service-learning programs, and professional development opportunities to underrepresented minority medical and health profession students. The organization operates three programmatic levers: Financial Empowerment through direct scholarships and awards; Social Mission Education via experiential service-learning programs at healthcare sites; and Professional and Career Development through clinical research training programs such as the Doctors in Clinical Trials Research Program.

Product overview

National Medical Fellowships operates as a portfolio of scholarship, education, and professional development programs designed to diversify the healthcare workforce. The organization offers three main programmatic levers: Financial Empowerment through direct scholarships and awards; Social Mission Education via experiential service-learning programs; and Professional and Career Development through clinical research training. Programs include named scholarships (NBME/NMF, Creary Family Foundation, Theodore Quincy Miller), service-learning programs (ALLIANT Research, Health Excellence Leadership, Johnson & Johnson AIM, Primary Care Leadership), and the Doctors in Clinical Trials Research program for emerging investigators.

Differentiator

Problem solved

Functional benefit

Products and services

• Scholarships & Awards Portfolio of named and general scholarships providing direct financial awards to medical students and health profession students from underrepresented backgrounds to reduce educational debt and support retention in medical education.
• NBME/NMF Scholarship Program

Quantifiable outcome

• 82% program completion rate for Doctors in Clinical Trials Research program since 2021
• +5 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered flagship, core and minor.

• National Board of Medical Examiners (NBME)flagshipStrategic or Co-development PartnerNBME partners with NMF to provide over $1 million in annual financial support to medical students. The NBME Fee Assistance Program offers $695 awards to 1,400+ students for USMLE registration fees. The NBME/NMF Scholarship Program provides $10,000 annual scholarships renewable for up to three years to 20 second-year medical students.
• BMS FoundationcoreStrategic or Co-development PartnerBMS Foundation partners with NMF to administer the Diversity in Clinical Trials Career Development Program, named after Dr. Robert Winn. The two-year award provides $240,000 (up to $120,000 annually) along with training, mentorship, and networking for early to mid-career underrepresented minority physicians.
• AltaMed Health Services CorporationflagshipStrategic or Co-development PartnerAltaMed provides $500,000+ in funding and serves as placement site for the Primary Care Leadership Program. 28 scholars participated in a 6-week internship at AltaMed FQHCs receiving $7,000 scholarships each, funded by AltaMed and Children's Hospital of Los Angeles.
• Children's Hospital Los AngelescoreStrategic or Co-development PartnerChildren's Hospital Los Angeles provides $100,000+ in funding and serves as placement site for the Primary Care Leadership Program alongside AltaMed.
• Kaiser Permanente Bernard J. Tyson School of MedicinecoreStrategic or Co-development PartnerKaiser Permanente provides $10,000+ in funding and strategic support for NMF programs. Dr. Calvin Wheeler serves as board member representing Kaiser Permanente.
• Association of American Medical Colleges (AAMC)coreStrategic or Co-development PartnerAAMC provides $50,000+ in funding. Jennifer Schlener, AAMC Chief of Staff, serves as NMF Board Secretary. AAMC and NMF collaborate on workforce development initiatives.
• CommonSpirit HealthcoreStrategic or Co-development PartnerCommonSpirit Health provides $10,000+ in funding and strategic support. Jahmal Miller serves as CAO of Dignity Health Mercy Medical Group (CommonSpirit) and NMF board member.
• DoximityminorStrategic or Co-development PartnerDoximity provides $25,000+ in funding. Dr. Félix Manuel Chinea serves as NMF board member and Head of Health Equity & Inclusion Strategy at Doximity.

Scale indicators20 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• National Hispanic Health Foundation: Provides scholarships and support to Hispanic students in health professions, closely paralleling NMF's mission for a different underrepresented minority group, with overlapping corporate partners and pipeline programs.
• Hispanic Scholarship Fund: Major scholarship organization serving Hispanic undergraduate and graduate students, including those pursuing health careers, with comparable scale, scholarship cycles, and corporate partner base.
• American Medical Association Foundation: The philanthropic arm of the AMA, funding medical student scholarships, resident fellowships, and community health initiatives — directly comparable in delivering medical education financial support.

Broad incumbents

• Robert Wood Johnson Foundation: One of the largest U.S. health-focused philanthropies, actively funding health equity and workforce diversity initiatives, including exploratory survey work supporting NMF scholars and alumni.
• United Negro College Fund: Long-standing scholarship organization supporting students at HBCUs including Xavier, Howard, and Texas Southern (institutions where NMF also places PharmD scholars), with broader academic scope but overlapping donor base.
• Josiah Macy Jr. Foundation: National foundation dedicated exclusively to health professions education, funding medical school curriculum innovation, faculty development, and diversity initiatives that overlap with NMF's scholarship and service-learning work.
• Commonwealth Fund: Major health policy philanthropy funding health equity, including workforce diversity programs — competes for the same foundation and corporate donor attention for health-equity grants.

Others

• American Association of Colleges of Nursing: National nursing education advocacy organization with diversity scholarship programs for nursing students — comparable mission alignment with NMF's broader health-professions (non-MD) scholarship scope.
• Indian Health Service Scholarship Program: Federal program providing scholarships to American Indian/Alaska Native health professions students with service-commitment requirements — parallel use of grantmaking to address minority health workforce gaps.
• National Medical Association: Largest professional society representing African American physicians; co-hosts NMF's Community Gathering at the NMA Convention and shares overlapping mission to advance minority health leadership.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/nmfonline
• LinkedInlinkedin.com/company/national-medical-fellowships-inc-
• Instagraminstagram.com/nmfonline
• Xx.com/NMFonline

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Medical Fellowships