BBB Wise Giving Report for
Foundation for AIDS Research

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


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


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Foundation for AIDS Research
Address: 120 Wall Street, 13th Floor
  New York, NY 10005-3908
Phone: 212-806-1600
800-392-6327
Web Address: www.amfar.org
Back To Top

BBB Wise Giving Alliance Comments

Year, State Incorporated: 1985, New York
Affiliates: None
Stated Purpose: "to prevent HIV infection and the disease and death associated with it and to protect the human rights of all people threatened by the epidemic of HIV/AIDS."

Back To Top

Evaluation Conclusions

              

Foundation for AIDS Research (amFAR) meets the 20 Standards for Charity Accountability.
Back To Top

Programs

              

amFAR supports research projects that explore approaches to untested hypotheses in all areas of research on HIV/AIDS, funding goal-oriented studies that often lack the preliminary data required for support from other grant-makers. amFAR identifies critical gaps in HIV/AIDS knowledge and provides funds that enables grantees and fellows to test the merits of new concepts or technologies that subsequently can be validated through large-scale studies, such as those funded by the National Institutes of Health. amFAR’s fellowships provide young investigators the opportunity to conduct original investigations under the guidance of experienced scientists and help ensure the long-term vitality of AIDS research. amFAR’s Global Initiatives program utilizes the organization’s scientific, social science, public policy, and education and information expertise to help health-care workers and AIDS organizations in resource-poor countries develop and implement effective research, treatment, prevention, and education programs. amFAR's Public Policy program is engaged in efforts to secure necessary increases in funding for HIV/AIDS research, including vaccine and microbicide research; implementing an evidence-based, national HIV prevention strategy, including repeal of the current ban on federal funding for syringe exchange programs; expanding access to care and treatment; and protecting the civil rights of all people affected by HIV/AIDS. amFAR also organizes and hosts community forums for people infected with or affected by HIV/AIDS, publishes educational materials, maintains a website, and engages public figures, HIV/AIDS scientists, and policy makers in diverse efforts to communicate the organization’s message and the need for continued research to develop new methods of prevention and treatment. Some ($542,609 or 12%) of amFAR’s public policy and education and information programs are conducted in conjunction with informational materials that include fund raising appeals.

For the fiscal year ended September 30, 2007, amFAR's program expenses were:

  
Research 7,577,791
Education and information 3,366,625
Global initiatives 2,585,001
Public policy 1,081,867
Total Program Expenses: $14,611,284
Back To Top

Governance

              

Chief Executive : Jerome J. Radwin, Chief Executive Officer
Compensation*:
$384,658

Chair of the Board: Kenneth Cole
Chair's Profession / Business Affiliation: Chairman and President, Kenneth Cole Productions

Board Size: 24

Paid Staff Size: 90

*October 1, 2006 - September 30, 2007 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

              

Method(s) Used:

Direct mail, telemarketing, special events, print advertisements, grant proposals, Internet appeals, planned giving, and cause-related marketing.
Fund raising costs were 12% of related contributions. (Related contributions, which totaled $22,950,823, are donations received as a result of fund raising activities.)
amFAR incurred joint costs of $917,091 for informational materials and activities that included fund raising materials. Of those costs $542,609 was allocated to program expenses and $374,482 was allocated to fund raising expenses.
Back To Top

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.
Back To Top

Financial

              

The following information is based on amFAR's audited financial statements for the fiscal year ended September 30, 2007.

Source of Funds  
Special events (net) 9,741,974
Public support 7,155,947
Government funding 4,105,703
Planned giving 1,947,199
Investment income and other revenue 845,601
Total Income $23,796,424


chart



Uses of Funds as a % of Total Expenses

Programs: 77%  Fund Raising: 14%  Administrative: 9% 

Total income   $23,796,424
  Program expenses $14,611,284
  Fund raising expenses 2,691,494
  Administrative expenses 1,696,126
 
Total expenses   $18,998,904
Income in Excess of Expenses   4,797,520
Beginning net assets   15,168,021
Ending net assets   19,965,541
Total liabilities   5,098,705
Total assets   $25,064,246


Back To Top

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.

Send to:



What is an Accredited Charity