Better Business Bureau Report for
Leukemia Research Foundation

Better Business Bureau Report issued December 2011
Better Business Bureau Report expires December 2013


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
888-558-5385
Web Address: www.leukemia-research.org
Also known as:LRF
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Better Business Bureau Comments

Year, State Incorporated: 1951, Illinois
Affiliates: None
Stated Purpose: In 1946, the Leukemia Research Foundation (LRF) was established in Chicago to memorialize 12-year-old Sherwin Pessin. Leukemia was a well-known but not well-understood disease. For Sherwin, as well as thousands of other children and adults, there was no hope and no possibility for a cure. Leukemia Research Foundation's strategy to achieve these vitally important ambitions is to fund worldwide medical research into the causes and cures of blood cancers, provide patient financial assistance and offer educational/emotional support programs.

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Evaluation Conclusions

              

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

              

Over the years, the LRF has funded hundreds of research scientists and projects on five different continents with our exclusive focus on New Investigators. The success and effectiveness of their funded project is measured by various objectives including the furtherance of leukemia and related blood cancer research (ultimately working toward a cure) and to launch and support the research of scientists early in their career. Research advances depend on these investigators of the future to bring fresh ideas and technologies to research problems and they pioneer new areas of investigation. They are essential to the research field. 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. 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, 2011, Leukemia Research Foundation's program expenses were:

  
Medical research 989,315
Patient financial assistance 326,407
Patient outreach and education 172,972
Total Program Expenses: $1,488,694
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Governance

              

Chief Executive : Kevin Radelet, Executive Director
Compensation*:
$108,098

Chair of the Board: Andrew Hanson
Chair's Profession / Business Affiliation: Compliance Consultant, AON Hewitt

Board Size: 15

Paid Staff Size: 9

*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
Fund raising costs were 36% of related contributions. (Related contributions, which totaled $669,897, are donations received as a result of fund raising activities.)
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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, 2011.

Source of Funds  
Chapter remittances 1,026,674
Contributions 395,958
Corporation and foundation contributions 221,897
Federal and state campaigns 147,544
Grants returned 69,118
Indirect fundraising 46,900
Dues 4,888
Contributed goods and services 3,330
Fundraising sales 1,812
Investment income 1,633
Total Income $1,919,754


chart



Uses of Funds as a % of Total Expenses

Programs: 77%  Fund Raising: 12%  Administrative: 11% 

Total income   $1,919,754
  Program expenses $1,488,694
  Fund raising expenses 239,532
  Administrative expenses 222,978
 
Total expenses   $1,951,204
Expenses in Excess of Income   (31,450)
Beginning net assets   244,112
Other Changes in Net Assets 171,813
Ending net assets   384,475
Total liabilities   827,313
Total assets   $1,211,788


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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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