WAFP Foundation Annual Report

2026 WAFP Foundation Annual Meeting

The WAFP Foundation will hold its annual meeting on May 9, 2026, in conjunction with the WAFP's House of Delegates.

As part of that meeting, members of the Foundation — and if you're a member of WAFP, you're a member of the WAFP Foundation as well — will elect new leadership and approve regular business items. Those items are below.

Foundation Annual Report (April 2026)

The Foundation is the philanthropic arm of the Academy. While independent from the Academy, the Foundation works to advance the organizations’ shared goals, specifically those of workforce and leadership development.

Planning for the July 2025–June 2026 fiscal year began in early 2025. The Finance Committee, Executive Committee, Board, and executive director reviewed the Foundation’s assets, strategic plan, and recent years’ allocations of funds. We discussed how to sustain the Foundation’s philanthropic commitments while responsibly managing the Foundation’s assets in an increasingly uncertain investment environment.

Scholarships, Awards, and Funded Events

The Foundation continues to offer programs that create interest in family medicine, support residents during training, and strengthen physicians. Highlights this year included:

  • Funding the family medicine interest groups at the three medical schools at $30,000 each.
  • Sponsoring the annual Student and Resident Retreat, providing training, discussion, and networking opportunities for approximately 90 attendees.
  • Sending medical students to the AAFP FUTURE Conference where they connect with residency programs and learn leadership skills.
  • Sponsoring five alternate delegates at the AAFP’s National Conference of Constituency Leaders, where many current and past leaders started their leadership journey.
  • Co-supporting “Why Rural? The Heart of Family Medicine” in Spokane.

Reserve Management and Investment Options

The Foundation maintains reserves to ensure program continuity during periods of economic uncertainty or fluctuating donations. In collaboration with the Academy, the Board approved transitioning WAFP investments to the AAFP pooled investment fund to leverage the advantages of a larger, professionally managed portfolio. As we proceed, we remain committed to careful financial stewardship.

Funding Expansion

Expanding and diversifying donor funds and grants is a priority, particularly considering the Academy’s resolution before this year’s House of Delegates regarding Foundation funding.

The Board will identify options for grant revenue that align with its values and policies and encourage additional donor support.

Respectfully submitted,

Molly Hong, MD, FAAFP
WAFP Foundation President