Licr Fund Inc
- Assets
- $2.1b
- Revenue
- $149.5m
- Investments
- $2.1b
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1990
- Data as of
- 12/2021
- EIN
- 13-3573053
Organization Overview
Licr Fund Inc is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Licr Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Licr Fund Inc generated $149.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $52.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LICR FUND, INC. IS A SUPPORTING ORGANIZATION OF THE LUDWIG INSTITUTE FOR CANCER RESEARCH LTD.
Describe the Organization's Program Activity:
LICR FUND, INC. ("THE FUND") IS A NON-PROFIT DELAWARE CORPORATION THAT HOLDS A DIVERSIFIED PORTFOLIO OF INVESTMENTS FROM WHICH IT PROVIDES ANNUAL SUPPORT TO THE LUDWIG INSTITUTE FOR CANCER RESEARCH LTD ("THE INSTITUTE"). THE INSTITUTE IS EXEMPT UNDER IRC SECTION 501(C)(3) AND IS NOT A PRIVATE FOUNDATION BECAUSE IT IS A MEDICAL RESEARCH ORGANIZATION, DESCRIBED IN IRC SECTION 170(B)(1)(A)(III), ENGAGED IN MEDICAL RESEARCH INTO THE CAUSES AND CURE OF CANCER IN CONJUNCTION WITH QUALIFIED HOSPITALS. IN 2021 THE FUND PROVIDED GRANTS AND OTHER ASSISTANCE DIRECTLY TO THE INSTITUTE IN THE AMOUNT OF $45,000,000 TO SUPPORT THE INSTITUTE'S MEDICAL RESEARCH ACTIVITIES, INCLUDING LABORATORY RESEARCH AND CLINICAL TRIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Notter Director, Board Chairperson | OfficerTrustee | 2 | $75,000 |
Olivier Dunant Director, Vice Chairperson | OfficerTrustee | 2 | $30,000 |
John D Gordan III Director | Trustee | 1 | $30,000 |
Dr Nancy Davidson Director | Trustee | 2 | $30,000 |
Judge Barbara S Jones Director | Trustee | 2 | $30,000 |
Dr Philip A Pizzo Director | Trustee | 2 | $30,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Ludwig Group Inc Administrative Svcs | 12/30/21 | $3,577,513 |
Tb Alternative Assets Portfolio Manager | 12/30/21 | $1,180,752 |
Burgundy Asset Management Portfolio Manager | 12/30/21 | $269,339 |
Brandywine Global Investment Manage Portfolio Manager | 12/30/21 | $266,695 |
Silchester Int'l Advisors Ltd Portfolio Manager | 12/30/21 | $393,307 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,802 |
| Noncash contributions included in lines 1a–1f | $35,802 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,802 |
| Total Program Service Revenue | $0 |
| Investment income | $1,833,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $147,644,112 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,523,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $45,000,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $255,000 |
| Compensation of current officers, directors, key employees. | $255,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,577,513 |
| Fees for services: Legal | $88,913 |
| Fees for services: Accounting | $217,201 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,711,920 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $296 |
| Information technology | $113,444 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $276,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $68,077 |
| All other expenses | $0 |
| Total functional expenses | $52,183,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,516,696 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,112,286,369 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,444,166 |
| Total assets | $2,137,247,231 |
| Accounts payable and accrued expenses | $1,584,643 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,584,643 |
| Net assets without donor restrictions | $2,135,662,588 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,137,247,231 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Licr Fund Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Humanist Trust New York, NY PURPOSE: GENERAL PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Licr Fund Inc New York, NY | $2,137,247,231 | $149,523,718 |
Lupus Research Alliance Inc New York, NY | $103,408,141 | $44,790,052 |
New Jersey Health Foundation Inc Princeton, NJ | $176,302,881 | $3,140,034 |
Research To Prevent Blindness Endowment Fund Inc New York, NY | $317,713,049 | $28,546,765 |
Ats Foundation Inc New York, NY | $0 | $224,022 |
Foundation For Advancement Of Intl Medical Education And Research Philadelphia, PA | $73,208,748 | $9,951,039 |
Nccn Foundation Plymouth Meeting, PA | $7,730,910 | $3,697,738 |
Giovanni Armenise-Harvard Foundation For Scientific Research Boston, MA | $87,268,004 | $3,121,005 |
Cds Wolf Foundation Inc Webster, NY | $18,173,557 | $6,502,648 |
Parkinson Alliance Inc Kingston, NJ | $464,272 | $616,177 |
Margaret M Dyson Tr Uw Fbo Margaret M Dyson Vision Research Institute Poughkeepsie, NY | $4,372,343 | $800,997 |
Simons Fund Conshohocken, PA | $473,099 | $317,439 |