Better Business Bureau Report for
Leukemia Research Foundation

Better Business Bureau Report issued February 2016
Better Business Bureau Report expires February 2018


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Leukemia Research Foundation
Address: 3520 Lake Ave Suite 202
  Wilmette, IL 60091
Phone: 847-424-0600
Web Address: www.allbloodcancers.org
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Better Business Bureau Comments

Year, State Incorporated: 1951, Illinois
Affiliates: None
Stated Purpose: Dedicated to conquering all blood cancers by funding research into their causes and cures, and enriching the quality of life of those touched by these diseases.

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Evaluation Conclusions

              

Leukemia Research Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

The Leukemia Research Foundation’s programs serve three main tenets: 1. Fund Worldwide Medical Research Based on recommendations from their Medical Advisory Board, the LRF provides research grants to scientists around the world. The LRF exclusively funds New Investigators - individuals who are beginning to establish their own laboratories and are no longer under the tutelage of a senior scientist mentor. These one year grants are $100,000 each, an amount that allows innovative scientists to act on their ideas, and try new procedures and experiments that will lead to significant breakthroughs. Over the years, the LRF has funded hundreds of research scientists and projects on five different continents with their exclusive focus on New Investigators. 2. Patient Financial Assistance The LRF’s Patient Financial Assistance Program provides support to patients and families struggling under the financial burden of a blood cancer diagnosis. The Program alleviates expenses not covered by insurance that may include doctor visits and co-pays, hospital care, laboratory work, prescription expenses, transportation expenses, and germ-free lodging for transplant recipients. 3. Support Programs The LRF conducts educational and support programs for patients, family members, caregivers and medical professionals. These conferences, including the Treatment Options for Blood Cancer Patients Conference, the Town Hall Meeting, and Town Hall Meeting in Spanish, are offered free of charge or registration. They provide opportunities for direct dialogue between patients and prominent hematology/oncology and transplant specialists to discuss treatment options and procedures.

For the fiscal year ended June 30, 2015, Leukemia Research Foundation's program expenses were:

  
medical research 1,026,854
Patient financial assistance 344,336
Program outreach & Education 180,715
Total Program Expenses: $1,551,905
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Governance

              

Chief Executive : Kevin Radelet, Executive Director
Compensation*: 
$120,108

Chair of the Board: Larry Mix
Chair's Profession / Business Affiliation: Vice President

Board Size: 15

Paid Staff Size: 7

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet, planned giving arrangements, cause-related marketing
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $1,915,984, are donations received as a result of fund raising activities.)
Leukemia Research Foundation incurred joint costs of $8,345 for informational materials and activities that included fund raising materials. Of those costs $3,338 was allocated to program expenses, $5,007 was allocated to fund raising expenses, and $ was allocated to administrative expenses.
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Leukemia Research Foundation's audited financial statements for the fiscal year ended June 30, 2015.

Source of Funds  
Chapter remittances 953,865
Contributions 581,303
Corporations & foundations 226,950
Indirect fundraising 88,991
Federal & State campaigns 64,875
Investment Income 7
Total Income $1,915,991


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Uses of Funds as a % of Total Expenses

Programs: 77%  Fund Raising: 11%  Administrative: 11%  Other Expenses: 1%

Total income $1,915,991
Program expenses $1,551,905
Fund raising expenses 210,578
Administrative expenses 215,794
Other Expenses 15,111
Total expenses $1,993,388
Expenses in Excess of Income (77,397)
Beginning net assets 2,100,388
Ending net assets 2,022,991
Total liabilities 899,584
Total assets $2,922,575


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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