Ohio Osteopathic Foundation

“Nelson j. Musson, do student tuition loan fund: the nelson j. Musson, do student tuition loan program gives first preference to loan applications from osteopathic students who are originally from northwest ohio or plan on attending a residency program in northwest ohio. To be eligible for the loan, the applicant must be a student at an accredited osteopathic college, a resident of ohio, have financial need and maintain a passing grade point average. First priority is given to senior osteopathic medical students, but applications are accepted from all classes based on need. The loan is interest-free during in-school period, and unless a waiver is requested, requires monthly payments of interest only during the internship and full payment after internship with a maximum repayment period of five years. Warren general hospital fund: the warren general hospital fund supports osteopathic medical education, including the osteopathic pre- and post-doctoral education programs at st. Joseph health center in warren, ohio. The gift also funds education initiatives for osteopathic physicians and osteopathic medical students in ohio; research, advancement, promotion, and development of osteopathic medicine; and scholarships, grants-in-aid and other financial assistance to students at osteopathic educational facilities with first priority to students residing in trumbull and mahoning counties. Three members of the warren general hospital board serve on a committee to advise the oof board on proposed grants.”

“The foundation has adopted the provisions of the financial accounting standards board (fasb) accounting standards codification (asc) relating to uncertain tax positions. The foundation does not believe its financial statements include any uncertain tax positions. With few exceptions, the foundation is no longer subject to u.s. Federal or state and local tax examinations by tax authorities for years before 2011.”