Tower Cancer Research Foundation

Organization Overview

Tower Cancer Research Foundation is located in Beverly Hills, CA. The organization was established in 1997. As of 12/2023, Tower Cancer Research Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tower Cancer Research 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 12/2023, Tower Cancer Research Foundation generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Tower Cancer Research Foundation has awarded 90 individual grants totaling $8,826,806. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

INNOVATIVE RESEARCH, COMMUNITY EDUCATION AND CARING PATIENT SUPPORT WHILE DEVELOPING MORE EFFECTIVE TREATMENTS FOR CANCER AND BLOOD DISORDERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2023, TOWER FUNDED FOUR NEW CAREER DEVELOPMENT RESEARCH GRANTS FOR FOUR PROMISING YOUNG PHYSICIAN SCIENTISTS LOCATED AT UCLA, UCI AND UCSD. RESEARCH AREAS FOCUS ON INNOVATIVE THERAPIES SUCH AS: THE USE OF PH TO TARGET GLIOBLASTOMA CELLS IN HOPES TO IMPROVE TREATMENT FOR THIS DEADLY DISEASE; USING A MODEL OF SKIN CANCER, A NEW TOOL TO TRACK CANCER CELLS IN THEIR NATURAL HABITAT TO FIND HOW LYMPHATIC VESSELS SHIELD CANCER CELLS AND AID THEIR SPREAD TO OTHER PARTS OF THE BODY; TARGETING LIVER-METASTATIC PANCREATIC CANCER BY IDENTIFYING WEAKNESSES THAT CAN BE EXPLOITED TO SLOW THE GROWTH OF TUMORS IN THE LIVER OR POSSIBLY PREVENT THE ESTABLISHMENT OF METASTASIS FROM HAPPENING IN PANCREATIC CANCER; STEM CELL REPROGRAMMING OF ANTI-TUMOR T CELLS TO MAKE TIL THERAPY A MORE EFFECTIVE TREATMENT. IN ADDITION, TOWER CONTINUED FUNDING MUL-TI-YEAR SENIOR INVESTIGATOR GRANTS. TOTAL SCIENTIFIC GRANT EXPENDITURES IN 2023 TOPPED $700,000. INVESTING IN NOVEL IDEAS OF YOUNG INVESTIGATORS AND EXPERIENCED SENIOR INVESTIGATORS ALLOWS US TO LEVERAGE OUR DONOR DOLLARS TO HAVE MAXIMUM IMPACT. IN 2023 ALONE, TCRF RESEARCHERS REPORTED NEARLY $3M IN FOLLOW-ON FUNDING, DOZENS OF GRANTS, PUBLICATIONS ACADEMIC AWARDS, TWO CLINICAL TRIALS, AND SO MUCH MORE.OUR CLINICALLY-GROUNDED SURVIVORSHIP SUPPORT PROGRAMS, HOSTED BY MAGNOLIA HOUSE, ALIGN WITH THE CHALLENG-ES FACED BY PATIENTS, SURVIVORS, AND THE WHOLE CANCER COMMUNITY. WE PROVIDE INTEGRATIVE HEALTH AND WELL-NESS SUPPORT AND EDUCATION, THROUGH FREE FITNESS, THERAPEUTIC, AND HOLISTIC CLASSES, THAT EMPOWERPEOPLE TO DEVELOP A PHYSICAL AND EMOTIONAL TOOLKIT TO MEET THE CHALLENGES OF CANCER FROM DIAGNOSIS TO SURVIVORSHIP. IN 2023, TOWER INVESTED OVER $500,000 IN SURVIVORSHIP PROGRAMS. IN 2013, MAGNOLIA HOUSE SURVIVORSHIP SUPPORT PROGRAM OFFERED 20 CLASSES AND HAD 500 VISITS IN THE FIRST YEAR. IN 2023, MAGNOLIA HOUSE OFFERED OVER 1500 CLASSES/SERVICES AND RECEIVED OVER 20,000 PARTICIPANT VISITS. IN RESPONSE TO COVID19, WE CONTINUED OFFERING CLASSES ONLINE VIA ZOOM WHICH HAS EXPANDED THE DEMOGRAPHICS IN WHICH WE SERVICE AND ENABLED US TO INCREASE OUR CLASS CAPACITIES. WE ADDED OUTDOOR PROGRAMMING AT LOCAL PARKS WHICH HAVE BEEN WELL RECEIVED. EVEN WITH AN INCREASE IN CLASS CAPACITIES, MANY OF OUR CLASSES HAD A WAIT LIST WHICH HIGHLIGHTS BOTH THE QUALITY IN THE PROGRAMS WE OFFER AND THE VOID THAT EXISTS, ESPECIALLY WITH THE ISO-LATION MANY CANCER PATIENTS EXPERIENCE. PARTICIPANTS VIEW MAGNOLIA HOUSE SURVIVORSHIP SUPPORT PROGRAM AS A LIFELINE THAT PROVIDES NOT ONLY ENHANCED QUALITY OF LIFE BUT A COMMUNITY OF FRIENDSHIP, ENCOURAGEMENT, AND COMFORT AS WELL. ONE EXAMPLE THAT REFLECTS THE IMPACT OF MAGNOLIA HOUSE, IS THE SURVIVOR 2 THRIVER PEER TO PEER FUNDRAISING CAMPAIGN WE LAUNCHED IN THE SUMMER OF 2023. OUR GOAL WAS TO RAISE $5,000. MAGNOLIA HOUSE PARTICIPANTS RAISED $30,000 THROUGH THIS CAMPAIGN, HIGHLIGHTING THE DEPTH OF COMMUNITY AND IMPACT OF THE MAGNOLIA HOUSE PROGRAM.TOWER'S COMMUNITY PARTNERSHIP GRANT REVIEW COMMITTEE IS COMPOSED OF EXPERT VOLUNTEERS WHO REVIEW APPLICATIONS IN DEPTH AND THEN MEET TO DISCUSS GRANT APPLICATIONS FROM CANCER SUPPORT ORGANIZATIONS ACROSS SOUTHERN CALIFORNIA. IN 2023, WE FUNDED $200,000 IN COMMUNITY PARTNER GRANTS AND CONTINUED TO REFINE OUR REVIEW PROCESS WITH A NEW GRANT MANAGEMENT SYSTEM, NEW AND EXPERIENCED PEER GRANT REVIEWERS, AND A NEEDS ASSESSMENT TO REFLECT A MORE TARGETED FOCUS ON FUNDING ORGANIZATIONS THAT SUPPORT UNDERSERVED AND UNDER RESOURCED COMMUNITIES ALLOWING US TO EXTEND OUR SUPPORT TO THOSE MOST IN NEED OF CARE.


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Board, Officers & Key Employees

Name (title)Compensation
Nancy Rosenfelt
Chairman Of The Board
$0
Larry Rosenstein
Vice Chair
$0
Donna Rosen
Past Chairman Of The Board
$0
Abby Levy
Past Chairman Of The Board
$0
Nancy Mishkin
Past Chairman Of The Board
$0
Solomon I Hamburg MD PHD
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,640,579
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,203,352
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,843,931
Total Program Service Revenue$0
Investment income $42,768
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$347,591
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,539,108

Grants Awarded

Over the last fiscal year, Tower Cancer Research Foundation has awarded $1,027,925 in support to 13 organizations.

Grant RecipientAmount

BREAST CANCER ANGELS

PURPOSE: COMMUNITY OUTREACH

$20,000

BUMBLE BEE FOUNDATION

PURPOSE: COMMUNITY OUTREACH

$15,000

CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION

PURPOSE: COMMUNITY OUTREACH

$25,000

CENTER FOR PSYCHOLOGY OF CANCER

PURPOSE: COMMUNITY OUTREACH

$15,000

OUR HOUSE

PURPOSE: COMMUNITY OUTREACH

$25,000

MEGAN'S WINGS INC

PURPOSE: COMMUNITY OUTREACH

$20,000
View Grant Profile

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