BBB Wise Giving Report for
Michael J. Fox Foundation for Parkinson's Research

BBB Wise Giving Report issued June 2010
BBB Wise Giving Report expires June 2012


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


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Charity Contact Information

Name: Michael J. Fox Foundation for Parkinson's Research
Address: Church Street Station
Post Office Box 780
  New York, NY 10008-0780
Phone: 800-708-7644
212-509-0995
Web Address: www.michaeljfox.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2000, Delaware
Affiliates: The Michael J. Fox Foundation for Parkinson's Research (Canada)
Stated Purpose: "to ensure the development of better treatments and, ultimately, a cure for Parkinson's disease through an aggressively funded research agenda."

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Evaluation Conclusions

               

Michael J. Fox Foundation for Parkinson's Research (MJFF) meets the 20 Standards for Charity Accountability.
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Programs

               

MJFF works to expand and focus research funding with the goal of finding a cure for Parkinson's disease. MJFF awards research grants that help guarantee that research avenues are funded and explored. MJFF’s Scientific Advisory Board is composed of an international multidisciplinary group of Parkinson's researchers and clinicians. Its members are involved with the strategic meetings, grant review sessions, and other activities that guide the Foundation's scientific and research policies.

For the year ended December 31, 2009, MJFF's program expenses were:

  
Research 39,153,137
Total Program Expenses: $39,153,137
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Governance

               

Chief Executive : Katherine H. Hood, Chief Executive Officer
Compensation*:
 $452,356

Chair of the Board: George E. Prescott
Chair's Profession / Business Affiliation: Chairman, GP Management Services

Board Size: 27

Paid Staff Size: 48

*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, special events, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 8% of related contributions. (Related contributions, which totaled $51,259,577, 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 MJFF's consolidated audited financial statements for the year ended December 31, 2009.

Source of Funds  
Contributions 45,433,897
Special events (net) 5,825,680
Investment income 119,440
Miscellaneous income 37,425
Total Income $51,416,442


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Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 9%  Administrative: 3% 

Total income   $51,416,442
  Program expenses $39,153,137
  Fund raising expenses 3,951,379
  Administrative expenses 1,263,737
 
Total expenses   $44,368,253
Income in Excess of Expenses   7,048,189
Beginning net assets   16,979,812
Ending net assets   24,028,001
Total liabilities   45,292,775
Total assets   $69,320,776


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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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