Marc Lustgarten Pancreatic Cancer Foundation, operating under the name Lustgarten Foundation Foundation, is located in Woodbury, NY. The organization was established in 1999. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2023, Lustgarten Foundation Foundation employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lustgarten Foundation Foundation 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 06/2023, Lustgarten Foundation Foundation generated $18.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $28.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lustgarten Foundation Foundation has awarded 171 individual grants totaling $171,498,092. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LUSTGARTEN FOUNDATION IS THE LARGEST PRIVATE FUNDER OF PANCREATIC CANCER RESEARCH IN THE WORLD.THE LUSTGARTEN FOUNDATION IS THE LARGEST PRIVATE FUNDER OF PANCREATIC CANCER RESEARCH IN THE WORLD. THE FOUNDATION'S MISSION IS TO CURE PANCREATIC CANCER BY FUNDING SCIENTIFIC AND CLINICAL RESEARCH RELATED TO THE DIAGNOSIS, TREATMENT AND PREVENTION OF PANCREATIC CANCER; PROVIDING RESEARCH INFORMATION AND CLINICAL SUPPORT SERVICES TO PATIENTS, CAREGIVERS AND INDIVIDUALS AT HIGH RISK; AND INCREASING PUBLIC AWARENESS AND HOPE FOR THOSE DEALING WITH THIS DISEASE. SINCE ITS INCEPTION, THE LUSTGARTEN FOUNDATION HAS DIRECTED MORE THAN $250 MILLION TO RESEARCH AND HAS ASSEMBLED THE BEST SCIENTIFIC MINDS WITH THE HOPE THAT ONE DAY, A CURE CAN BE FOUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROGRAM: THE LUSTGARTEN FOUNDATION'S MISSION IS TO ADVANCE THE BEST SCIENCE TO TRANSFORM PANCREATIC CANCER INTO A CURABLE DISEASE. 2023 MARKED THE FOUNDATION'S 25TH ANNIVERSARY OF DRIVING PIONEERING PANCREATIC CANCER RESEARCH BREAKTHROUGHS, ACCELERATING PROGRESS FASTER THAN EVER BEFORE AND PROVIDING A MORE HOPEFUL FUTURE FOR ALL PATIENTS. SEE SCHEDULE O.
PUBLIC EDUCATION AND INFORMATION PROGRAM: THE LUSTGARTEN FOUNDATION IS THE LARGEST PRIVATE FUNDER OF PANCREATIC CANCER RESEARCH IN THE WORLD, FUNDING PREEMINENT PANCREATIC CANCER RESEARCHERS, DRIVING THE PURSUIT OF BOLD AND INNOVATIVE SCIENCE TOWARD EARLIER DETECTION AND BETTER TREATMENTS, AND TRANSFORMING PANCREATIC CANCER INTO A CURABLE DISEASE. THE FOUNDATION FUNDS RESEARCH WHERE CREATIVE RISKS YIELD HIGH REWARDS TO ACCELERATE AND EXPAND LIFE-SAVING TREATMENT OPTIONS. WE BELIEVE TIME IS EVERYTHING TO PATIENTS, AND THEIR FAMILIES, AND THAT COMMUNITY IS POWER. LUSTGARTEN PROGRAMS AND EVENTS PROVIDE PEOPLE AFFECTED BY PANCREATIC CANCER A VOICE AND A PLACE TO CREATE HOPE, TOGETHER. 100% OF ALL DONATIONS FUEL THE RESEARCH TO ADVANCE UNDERSTANDING OF THIS COMPLEX, DEVASTATING AND UNDERFUNDED CANCER. SEE SCHEDULE O.
PROFESSIONAL EDUCATION PROGRAM: PROFESSIONAL EDUCATION FOCUSED ON THE FOUNDATION'S SENIOR LEADERSHIP CONDUCTING HIGH-LEVEL MEETINGS WITH FUNDED SCIENTISTS AND DIRECTORS OF THE LABS PROGRAM SITES AND COLLABORATING ORGANIZATIONS, AS WELL AS ATTENDING/PRESENTING AT SCIENTIFIC MEETINGS FOR ORGANIZATIONS INCLUDING THE AMERICAN ASSOCIATION FOR CANCER RESEARCH (AACR) AND STAND UP TO CANCER (SU2C). SEE SCHEDULE O.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Lustgarten Chairman | OfficerTrustee | 2 | $0 |
James L Dolan Vice Chairman | OfficerTrustee | 2 | $0 |
Adam Silver Vice Chairman | OfficerTrustee | 2 | $0 |
Jennie Fortunoff Secretary | OfficerTrustee | 2 | $0 |
Philip D'ambrosio Treasurer | OfficerTrustee | 2 | $0 |
William Bell Treasurer/director (end 10/27/22) | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Faircom New York Inc Consultant | 6/29/23 | $713,180 |
Bkd Llp Consultant | 6/29/23 | $243,348 |
Wsi Paid Search Ltd Technology | 6/29/23 | $231,000 |
Jc Geever Inc Consultant | 6/29/23 | $211,122 |
Walker Stewart Mckeough Consultant | 6/29/23 | $209,115 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $4,547,024 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $14,584,182 |
Noncash contributions included in lines 1a–1f | $1,825,156 |
Total Revenue from Contributions, Gifts, Grants & Similar | $19,131,206 |
Total Program Service Revenue | $0 |
Investment income | $1,507,003 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $92,804 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$2,433,438 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $18,297,575 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $18,807,587 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $571,472 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,074,957 |
Compensation of current officers, directors, key employees. | $554,099 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,774,481 |
Pension plan accruals and contributions | $108,489 |
Other employee benefits | $400,156 |
Payroll taxes | $302,376 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $53,522 |
Fees for services: Investment Management | $307,276 |
Fees for services: Other | $823,860 |
Advertising and promotion | $922,479 |
Office expenses | $0 |
Information technology | $458,715 |
Royalties | $0 |
Occupancy | $240,053 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $58,356 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $90,648 |
Insurance | $44,061 |
All other expenses | $0 |
Total functional expenses | $28,681,699 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,731,289 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,440,671 |
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 | $190,010 |
Net Land, buildings, and equipment | $104,547 |
Investments—publicly traded securities | $72,170,913 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $923,045 |
Total assets | $78,560,475 |
Accounts payable and accrued expenses | $889,012 |
Grants payable | $7,382,067 |
Deferred revenue | $30,000 |
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 | $1,002,106 |
Total liabilities | $9,303,185 |
Net assets without donor restrictions | $68,173,573 |
Net assets with donor restrictions | $1,083,717 |
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 | $78,560,475 |
Over the last fiscal year, Marc Lustgarten Pancreatic Cancer Foundation has awarded $18,982,494 in support to 18 organizations.
Grant Recipient | Amount |
---|---|
JOHNS HOPKINS UNIVERSITY PURPOSE: PANCREATIC CANCER RESEARCH | $5,726,518 |
STAND UP TP CANCER - ENTERTAINMENT INDUSTRY FOUNDATION PURPOSE: PANCREATIC CANCER RESEARCH | $1,534,808 |
COLD SPRING HARBOR LABORATORY PURPOSE: PANCREATIC CANCER RESEARCH | $2,472,272 |
AMERICAN ASSOCIATION FOR CANCER RESEARCH PURPOSE: PANCREATIC CANCER RESEARCH | $990,664 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: PANCREATIC CANCER RESEARCH | $1,575,933 |
DANA FARBER CANCER INSTITUTE PURPOSE: PANCREATIC CANCER RESEARCH | $2,161,911 |