Licr Fund Inc
88% goes to programs $0 to raise $100 Strong reserves Declining revenue
Licr Fund Inc is a 501(c)(3) organization based in New York, New York, registered in 1990, with $79,026,554 in FY2024 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
600 Third Avenue 32nd Floor, New York, NY, 10016 EIN 13-3573053 Since 1990
Revenue (FY2024)
$79.0M
▲ 132.4% vs prior year
Medical Research median: $217K
Expenses (FY2024)
$69.0M
Net assets
$1.9B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Licr Fund Inc: 88% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating335 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Licr Fund Inc: 335 mo reserves · +13% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Licr Fund Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Licr Fund Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Licr fund, inc. is a supporting organization of the ludwig institute for cancer research ltd.
What they do
As a supporting organization of the institute, the fund also provides support indirectly to the institute by supporting projects that benefit the work of the institute. a $750,000 grant was made to the president and fellows of harvard college, a massachusetts educational, charitable corporation, for the benefit of harvard medical school to establish a current use fund known as the ludwig tumor atlas fund in order to support research being conducted within the harvard program in therapeutic science at harvard medical school. this work at harvard medical school supported by the ludwig tumor atlas fund will be an integral component of the research enterprise of the network of ludwig centers and branches established throughout the us and internationally, including the ludwig center at harvard.
Contact & location
- Address
- 600 Third Avenue 32nd Floor, New York, NY, 10016
- City
- New York
- State
- New York
- Category
- Medical Research
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $105.3M (FY2018) to $79.0M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $6.7MNet assets $1.9B
Operating margin
12.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.9B
Total liabilities
$6.7M
Net assets
$1.9B
Salaries & benefits
$263K
0% of expenses
Board members
10
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $79,026,554▲132% | $69,041,808▼10.3% | $1,929,987,983▲7.2% | $1,936,672,464▲7.2% | 990 |
| 2023 | $34,011,187▼50.9% | $76,939,694▼8.1% | $1,800,527,101▲4.8% | $1,806,261,123▲5.0% | 990 |
| 2022 | $69,314,681▼53.6% | $83,766,381▲60.5% | $1,718,256,416▼19.5% | $1,719,889,219▼19.5% | 990 |
| 2021 | $149,523,718▲71.9% | $52,183,278▼20.7% | $2,135,662,588▲9.8% | $2,137,247,231▲8.1% | 990 |
| 2020 | $86,965,441▼1.2% | $65,784,291▲8.8% | $1,945,070,005▲23.5% | $1,976,999,136▲25.0% | 990 |
| 2019 | $88,046,820▼16.4% | $60,476,006▲26.4% | $1,574,376,811▲13.0% | $1,582,070,691▲13.4% | 990 |
| 2018 | $105,267,283 | $47,852,732 | $1,393,735,647 | $1,395,337,849 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: John L Notter — $45,000 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John L Notter | Dir, Board Chair (end 6/24) | 2 | $45,000 |
| Edward A Mcdermott Jr | Dir, Board Chair (from 7/24) | 2 | $37,500 |
| Alexandra Johnson | Director | 2 | $30,000 |
| Dr Jedd D Wolchok | Director | 2 | $30,000 |
| Dr Nancy Ellen Davidson | Director | 2 | $30,000 |
| John D Gordan III | Director | 1 | $30,000 |
| Judge Barbara S Jones | Director | 2 | $30,000 |
| Nicolas Killen | Director | 2 | $30,000 |
| Alexander Borissov | Secretary | 3 | — |
| Avantika Patel | Vice President | 40 | — |
| Christopher T Conroy | Treasurer | 28 | — |
| Dr Chi Van Dang | Director | 2 | — |
| Xing Chen | Director, President, Cio | 39 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| The Ludwig Group Inc | Administrative Svcs | $4,510,722 |
| Silchester Int'l Advisors Ltd | Portfolio Manager | $347,768 |
| Interactive Brokers LLC | Portfolio Manager | $328,846 |
| Burgundy Asset Management | Portfolio Manager | $203,156 |
| Kpmg LLP | Professional Svcs | $189,924 |
Grants received · $219K total
3 grants to Licr Fund Inc totaling $219K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $82,820 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $67,642 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $68,123 |
Grants made · $750K in FY2020
1 grant totaling $750K in FY2020. All grants made by Licr Fund Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| President and Fellows of Harvard College | Cancer research | $750,000 |
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Frequently asked questions
- Is Licr Fund Inc a legitimate nonprofit?
- Yes. Licr Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3573053, based in New York, New York. Donations are tax-deductible.
- What is Licr Fund Inc's EIN?
- Licr Fund Inc's Employer Identification Number (EIN) is 13-3573053.
- How much revenue does Licr Fund Inc report?
- Licr Fund Inc reported $79,026,554 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Licr Fund Inc's spending goes to programs?
- Licr Fund Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Licr Fund Inc have?
- CharityIndex grades Licr Fund Inc A, based on program efficiency and fundraising cost.
- How much does Licr Fund Inc's highest-paid employee make?
- The highest reported compensation on Licr Fund Inc's latest Form 990 is $45,000, paid to John L Notter (Dir, Board Chair (end 6/24)).
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Data for Licr Fund Inc (EIN 13-3573053) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.