# New York Academy of Medicine Endowment

New York Academy of Medicine Endowment is an Endowment / Foundation based in New York, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 1216 Fifth Avenue, New York, NY 10029, United States
- **Founded:** 1926
- **Assets under management:** Undisclosed
- **Website:** nyam.org
- **LinkedIn:** https://www.linkedin.com/company/new-york-academy-of-medicine

## Regulatory record

- **Reports private funds:** No

## About

The New York Academy of Medicine Endowment is a US-based endowment plan with approximately $56 million in assets across 2 funds, focused on North America.

## Sectors

- Life Sciences
- Healthcare Services
- Real Estate

## People

- Ann Kurth — President
- Wayne J. Riley — Board Chair
- James E. Flynn — Board Chair Emeritus

## Questions

### How is the New York Academy of Medicine Endowment funded?

The endowment was seeded in 1926 with $1.25 million from the Rockefeller Foundation and a $1 million Carnegie Corporation grant that financed construction of the Academy's headquarters at 1216 Fifth Avenue. Today, the endowment draws on investment returns from its portfolio and contributions, though it does not publish a current corpus value. The Academy also generates revenue from its Fifth Avenue property and its Fellows program.

### Does the NYAM Endowment invest directly or through managers?

The endowment does not publicly disclose its investment structure. The portfolio includes alternative investments, but whether these are accessed through fund commitments, direct co-investments, or a combination is unknown. The presence of Deerfield Management's James Flynn on the board creates at least a potential channel for healthcare-focused direct or co-investment opportunities.

### What non-financial assets does the New York Academy of Medicine hold?

The Academy owns its headquarters building at 1216 Fifth Avenue in Manhattan, a significant Upper East Side commercial real estate asset. It also stewards a historical medical library, rare medical books and incunabula, and a collection of medical artifacts including George Washington's prototype dentures. These assets carry both mission value and material insurance and curatorial worth.

### How is the endowment connected to Deerfield Management?

James E. Flynn, Board Chair Emeritus of the Academy, is the Managing Partner of Deerfield Management Company, a healthcare-focused investment firm. This board-level connection gives the endowment direct access to healthcare-sector investment expertise, though the extent of any formal co-investment relationship or fund commitment has not been publicly disclosed.

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Last updated: 2026-06-03T20:00:00.000Z

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