Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1973.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
25 people listed on the 990.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Supports cardiothoracic surgeons in research and education.
Questions for Aats Foundation
Your first name shows with your question. Aats Foundation answers here, for everyone.
Surgical Investigator Program
The surgical investigator program supports clinical and translational research by young cardiothoracic surgeons, including topics related to quality and outcomes research, and studies of new and innovative therapies, procedures, and technologies in cardiothoracic surgery.
Medical Student Diversity Scholarship
These scholarships support medical students planning to pursue a career in cardiothoracic surgery and who are from an underrepresented in medicine population. Underrepresented in medicine means those racial and ethnic populations that are underrepresented in the medical profession relative to their numbers in the general population.
Research Scholarship
This scholarship supports early-career investigators committed to following an academic career in cardiothoracic surgery with a two-year grant used to pursue research, training, and clinical experience.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $441K | $393K |
| InvestmentsLn 11–13 | $10.5M | $9.5M |
| Total assetsLn 16 | $12.3M | $12.8M |
| LiabilitiesLn 26 | $1.5M | $1.5M |
| Net assetsLn 32 | $10.8M | $11.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $764K | $764K | ||
| Grants to domestic individualsLn 2 | $644K | $644K | ||
| Grants and assistance to foreign recipientsLn 3 | $414K | $414K | ||
| Other salaries and wagesLn 7 | $327K | $91K | $194K | $42K |
| Other employee benefitsLn 9 | $85K | $25K | $60K | |
| Legal feesLn 11b | $2K | $1K | $496 | |
| Accounting feesLn 11c | $26K | $26K | ||
| Investment management feesLn 11f | $31K | $31K | ||
| Other fees for servicesLn 11g | $16K | $735 | $11K | $4K |
| Advertising and promotionLn 12 | $2K | $1K | $547 | |
| Office expensesLn 13 | $2K | $1K | $521 | |
| Information technologyLn 14 | $17K | $17K | ||
| OccupancyLn 16 | $2K | $2K | ||
| TravelLn 17 | $150K | $140K | $8K | $2K |
| Other expenses (24a–d)Ln 24 | $106K | $51K | $26K | $29K |
| All other expensesLn 24e | $71K | $33K | $30K | $9K |
| Total functional expensesLn 25 | $2.7M | $2.2M | $405K | $87K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 12, 2025 | $2.8M | $3.0M | −$154K | $12.1M | 990 PDF |
| FY2023 ViewingFiled with the IRS Nov 1, 2024 | $2.2M | $2.7M | −$469K | $11.3M | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $2.8M | $2.2M | $553K | $10.8M | 990 PDF |
| FY2021Filed with the IRS May 15, 2022 | $3.0M | $2.2M | $848K | $12.2M | 990 PDF |
| FY2020Filed with the IRS May 17, 2021 | $2.3M | $1.0M | $1.3M | $10.2M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $2,187,997 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, 1 to look at
Part VIII · Statement of revenue $2,187,997 across 8 lines filed
Part IX · Statement of functional expenses $2,656,714 across 16 lines filed
Part X · Balance sheet $12,835,336 assets, 15 lines filed
Part XI · Reconciliation of net assets $11,296,813 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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