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. In addition, the fund provides student support in the form of scholarships, white coats, and other educational or professional activities or items. Warren general hospital fund: the warren general hospital fund supports osteopathic medical education. 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 annually evaluates tax positions which includes an analysis of whether tax positions the foundation takes with regard to unrelated business income, related deductions applied or other activities that may jeopardize their tax exempt status, would meet the definition of uncertain tax position. As of april 30, 2023 and 2022, no tax accrual was recorded as management believes there are no uncertain tax positions.”