The APM has grown steadily over the past 60+ years, in both membership and mission, and in 2009, APM’s Council recognized that support beyond dues and annual meeting registrations would be required for the Academy to meet the goals of its mission in the future, and that a separate, non-profit foundation could provide a vehicle for members and other supporters of APM’s mission to make tax-deductible contributions to that mission. Hence the founding of the 501(c)(3) not-for-profit Foundation of the APM in 2009.
The Foundation is currently in the midst of an annual giving campaign, aiming to engage 100% of APM members in annual giving, and using that generosity and commitment of members as a base to appeal to other potential supporters. The Foundation provides a buffer between gifts and the APM, its individual members, its officers, and the content of its annual meeting, allowing ultimate support of APM’s mission without either the appearance or the reality of inappropriate influence by financial contributors.
To date, the Foundation has received over $200,000 in individual contributions, bequests, donations of book and speaker honoraria, corporate gifts, and fund-raising efforts at the annual meetings, such as raffles, silent and live auctions of donated items, and special social events. These and future donations will be used to:
1. Support the development of leaders in Psychosomatic Medicine. fAPM supports the Webb Fellowship, annually awarded to up to four residents or fellows to support their growth and encourage longstanding involvement in the APM. This fellowship provides mentorship to awardees from senior members of APM and funding to attend the annual meeting; fellows complete a research project and present it at the annual meeting.
2. Support trainees’ academic growth and development through several Trainee Travel Awards each year. The award is a monetary stipend to help defray the costs of attending the annual meeting. The annual meeting is one of the best ways a trainee can learn the latest in psychosomatic medicine and become acclimated to the Academy and its many benefits.
3. Provide a foundation for the future. As a result of a generous contribution, fAPM provides funds for the Don R. Lipsitt Award for Achievement in Integrated and Collaborative Care. This unique award honors a mid-career psychiatrist currently making substantial contributions to the evolving field of integrated behavioral health, as demonstrated through some combination of research and scholarship, clinical care, clinical systems development, education of trainees, or health care policy.
4. Support research in Psychosomatic Medicine. In the spirit and in honor of Wayne Katon, MD, FAPM, whose career was dedicated to clinical research, we will begin the Research Support Fund which will provide ongoing access to major researchers in our field for education and mentorship of trainees and early career members.
The Foundation is governed by a Board of Directors, with some overlapping representation between the fAPM Board and the APM Council to assure alignment of fAPM activities with the APM itself, the mission of which is the reason for the Foundation's existence.