BBB Wise Giving Report for
Alliance for Cancer Gene Therapy

BBB Wise Giving Report issued August 2011
BBB Wise Giving Report expires August 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Alliance for Cancer Gene Therapy
Address: 96 Cummings Point Road
  Stamford, CT 06902
Phone: 203-358-8000
Web Address: www.acgtfoundation.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2001, Connecticut
Affiliates: None

Stated Purpose: "to support the extraordinary potential offered by cell and gene-based therapies, to accelerate effective and safe treatment of all types of cancer."

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Evaluation Conclusions

               

Alliance for Cancer Gene Therapy (ACGT) meets the 20 Standards for Charity Accountability.
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Programs

               

ACGT strives to build alliances between philanthropic individuals and organizations, and medical and academic institutions, to promote cell and gene therapy research in order to combat cancer. ACGT identifies, funds, and monitors research that meets a set of scientific standards, and has the potential, in the foreseeable future, to treat different types of cancer. Through this endeavor, ACGT aims to educate the public about the potential for cancer gene therapy and to facilitate greater collaborations among the scientific and philanthropic communities so as to foster research and ultimately treatments.

For the fiscal year ended April 30, 2011, ACGT's program expenses were:

  
Research grants and awards 1,984,014
Total Program Expenses: $1,984,014
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Governance

               

Chief Executive : Margaret C. Cianci , Executive Director
Compensation*:
 $50,000

Chair of the Board: Barbara Netter
Chair's Profession / Business Affiliation: Co-Founder of Alliance for Cancer Gene Therapy

Board Size: 15

Paid Staff Size: 4

*May 1, 2009 - April 30, 2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. ACGT reports that all employees including the CEO are paid from a seperate fund.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $2,166,308, 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 ACGT's audited financial statements for the fiscal year ended April 30, 2011.

Source of Funds  
Contributions 1,847,991
Contributed services 215,914
Contributions for administrative expenses 102,403
Realized and unrealized gains on investments, net 50,143
Interest and dividend income 36,221
Total Income $2,252,672


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Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 2%  Administrative: 11% 

Total income   $2,252,672
  Program expenses $1,984,014
  Fund raising expenses 35,983
  Administrative expenses 242,147
 
Total expenses   $2,262,144
Expenses in Excess of Income   (9,472)
Beginning net assets   1,623,820
Ending net assets   1,614,348
Total liabilities   2,751,802
Total assets   $4,366,150


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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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