BBB Wise Giving Report for
Alliance for Cancer Gene Therapy

BBB Wise Giving Report issued April 2009
BBB Wise Giving Report expires April 2011


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 20Standards for Charity Accountability.
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Programs

               

ACGT provides grants to investigators at medical and research institutions throughout the United States in support of research in cell and gene based therapies for the treatment of different types of cancers. Through this endeavor, ACGT is able to educate the public about the potential for cancer gene therapy and facilitate greater collaborations among the scientific and philanthropic communities to foster research and ultimately treatments.

For the fiscal year ended April 30, 2008, ACGT's program expenses were:

  
Research grants and awards 3,351,997
Total Program Expenses: $3,351,997
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Governance

               

Chief Executive : Margaret C. Cianci, Executive Director
Compensation*:
 $44,742

Chair of the Board: Edward Netter
Chair's Profession / Business Affiliation: Chairman, Geneve Corporation

Board Size: 15

Paid Staff Size: 4

*May 1, 2007 - April 30, 2008 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, special events, print advertisements, grant proposals, Internet appeals, and planned giving
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $3,701,805, 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 2008:

Source of Funds  
Contributions 3,216,189
Contributed services 277,994
Contributions for administrative expenses 207,622
Interest and divided income 163,562
Realized and unrealized gains on investments 32,396
Total Income $3,897,763


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Uses of Funds as a % of Total Expenses

Programs: 89%  Fund Raising: 1%  Administrative: 10% 

Total income   $3,897,763
  Program expenses $3,351,997
  Fund raising expenses 45,719
  Administrative expenses 373,331
 
Total expenses   $3,771,047
Income in Excess of Expenses   126,716
Beginning net assets   2,269,275
Ending net assets   2,395,991
Total liabilities   6,176,300
Total assets   $8,572,291

Note: According to ACGT's audited financial statements for the fiscal year ended April 30, 2008, the organization received $277,994 in in-kind donations including professional services ($251,995), rent ($15,345), miscellaneous expenses ($7,496), and travel/entertainment ($3,158).

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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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