BBB Wise Giving Report for
Damon Runyon Cancer Research Foundation

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


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


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Charity Contact Information

Name: Damon Runyon Cancer Research Foundation
Address: One Exchange Plaza
55 Broadway, Suite 302
  New York, NY 10006
Phone: 877-722-6237
Web Address: www.damonrunyon.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1947, New York
Affiliates: None
Stated Purpose: "to provide grants to promising young scientists commited to finding new ways to prevent, diagnose and treat all forms of cancer."

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Evaluation Conclusions

               

Damon Runyon Cancer Research Foundation (DRCRF) meets the 20 Standards for Charity Accountability.
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Programs

               

DRCRF supports three award programs. The Damon Runyon Fellowship Award supports postdoctoral fellows training with senior scientists in laboratories across the nation. The Damon Runyon Clinical Investigator Award supports the development and training of early career physician-scientists conducting patient-oriented research. This program is designed to increase the number of specially trained physicians capable of translating laboratory research into innovative new treatments. The Damon Runyon Rachleff Innovation Award enables young scientists to conduct high risk-high return research that has the potential to significantly transform cancer prevention, diagnosis or treatment.

For the fiscal year ended June 30, 2009, DRCRF's program expenses were:

  
Program services 9,322,186
Total Program Expenses: $9,322,186
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Governance

               

Chief Executive : Lorraine W. Egan, Executive Director
Compensation*:
 $347,088

Chair of the Board: Alan M. Leventhal
Chair's Profession / Business Affiliation: Chairman and CEO, Beacon Capital Partners, LLC

Board Size: 27

Paid Staff Size: 17

*July 1, 2008 - June 30, 2009 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, telemarketing, special events, print advertisements, television, radio, grant proposals, Internet appeals, planned giving, and Combined Federal Campaigns/State and municipal workers.
Fund raising costs were 16% of related contributions. (Related contributions, which totaled $9,638,732, 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 DRCRF's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds  
Contributions, net 8,198,914
Investment return 1,773,275
Donated services 585,095
Income from amounts held in trust by others 488,515
Theater ticket revenue 475,919
Bequests, net 378,804
Gain on settlement of charitable remainder trusts 270,489
Miscellaneous income 38,448
Change in value of perpetual trusts -951,032
Change in value of charitable remainder trusts -3,727,409
Investment loss -9,761,225
Total Income ($2,230,207)


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Uses of Funds as a % of Total Expenses

Programs: 80%  Fund Raising: 14%  Administrative: 6% 

Total income   ($2,230,207)
  Program expenses $9,322,186
  Fund raising expenses 1,587,220
  Administrative expenses 712,278
 
Total expenses   $11,621,684
Expenses in Excess of Income   (13,851,891)
Beginning net assets   80,825,989
Ending net assets   66,974,098
Total liabilities   15,249,308
Total assets   $82,223,406

Note: For the year ended June 30, 2009, DRCRF had in-kind income in the amount of $585,095 which includes investment management services ($302,352), grant review services ($228,000), and legal services ($54,743).

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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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