Tower Cancer Research Foundation

Organization Overview

Tower Cancer Research Foundation is located in Beverly Hills, CA. The organization was established in 1997. As of 12/2021, Tower Cancer Research Foundation employed 16 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 12/2021, Tower Cancer Research Foundation generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Tower Cancer Research Foundation has awarded 65 individual grants totaling $6,898,881. 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

2021

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 2021, TOWER FUNDED ONE NEW SENIOR INVESTIGATOR SCIENTIFIC RESEARCH GRANT TO AN ESTEEMED RE-SEARCHER AT CEDARS-SINAI MEDICAL CENTER RESEARCHING CUTTING EDGE METHODS IN GENOMICS TO DISCOVER BETTER TREATMENTS FOR HIGH GRADE OVARIAN CANCER, OFTEN A LETHAL DISEASE. TOWER ALSO FUNDED THREE NEW CAREER DEVELOPMENT SCIENTIFIC RESEARCH GRANTS FOR PROMISING YOUNG PHYSICIAN SCIENTISTS LOCATED AT USC, UCLA, AND CEDARS-SINAI. RESEARCH AREAS FOCUS ON INNOVATIVE THERAPIES FOR COLORECTAL CANCER DE-VELOPMENT AND RECURRENCE, DEVELOPING NEW TECHNOLOGY FOR IMMUNE CANCERS SUCH AS LYMPHOMAS, AND COLD ATMOSPHERIC PLASMA (CAP) FOR AGGRESSIVE SOFT-TISSUE SARCOMAS. IN ADDITION, TOWER CONTINUED FUNDING MULTI-YEAR SENIOR INVESTIGATOR GRANTS. TOTAL SCIENTIFIC GRANT EXPENDITURES IN 2021 TOPPED $1,100,000. INVESTING IN NOVEL IDEAS OF YOUNG INVESTIGATORS ALLOWS US TO LEVERAGE OUR DONOR DOLLARS TO HAVE MAXI-MUM IMPACT. IN 2021 ALONE, OUR PREVIOUS CAREER DEVELOPMENT GRANTEES WENT ON TO EARN OVER $7.2 MILLION IN ADDITIONAL FUNDING FROM THE RESEARCH DATA CREATED UNDER OUR GRANT PROGRAM.OUR CLINICALLY-GROUNDED SURVIVORSHIP SUPPORT PROGRAMS, HOSTED BY MAGNOLIA HOUSE, ALIGN WITH THE CHAL-LENGES FACED BY PATIENTS, SURVIVORS, AND THE WHOLE CANCER COMMUNITY. WE PROVIDE INTEGRATIVE HEALTH AND WELLNESS SUPPORT AND EDUCATION, THROUGH FREE FITNESS, THERAPEUTIC, AND HOLISTIC CLASSES, THAT EM-POWERPEOPLE TO DEVELOP A PHYSICAL AND EMOTIONAL TOOLKIT TO MEET THE CHALLENGES OF CANCER FROM DIAGNOSIS TO SURVIVORSHIP. IN 2021, TOWER INVESTED OVER $500,000 IN SURVIVORSHIP PROGRAMS. IN 2013, MAGNOLIA HOUSE SURVIVORSHIP SUPPORT PROGRAM OFFERED 200 CLASSES AND HAD 500 VISITS IN THE FIRST YEAR. IN 2021, MAGNOLIA HOUSE OFFERED OVER 1500 CLASSES/SERVICES AND RECEIVED OVER 20,000 PARTICIPANT VISITS. IN RE-SPONSE TO COVID19, WE CONTINUED OFFERING CLASSES ONLINE VIA ZOOM WHICH HAS EXPANDED THE DE-MOGRAPHICS IN WHICH WE SERVICE AND ENABLED US TO INCREASE OUR CLASS CAPACITIES. 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 ISOLATION MANY CANCER PATIENTS CONTINUE TO EXPE-RIENCE DUE TO COVID19. 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 RECEIVING MULTIPLE DONA-TIONS FROM ONE GRATEFUL MAGNOLIA HOUSE PARTICIPANT THAT HAS TOTALED $85,000 IN SUPPORT OF MAGNOLIA HOUSE. IT IS ONE OF THE LARGEST GIFTS FROM A MAGNOLIA HOUSE PARTICIPANT SINCE ITS INCEPTION. TOWER'S COMMUNITY PARTNERSHIP GRANT REVIEW COMMITTEE IS COMPOSED OF EXPERT VOLUNTEERS WHO RE-VIEW APPLICATIONS IN DEPTH AND THEN MEET TO DISCUSS GRANT APPLICATIONS FROM CANCER SUPPORT ORGANIZA-TIONS ACROSS SOUTHERN CALIFORNIA. IN 2021, WE FUNDED $200,000 IN COMMUNITY PARTNER GRANTS AND RE-STRUCTURED OUR REVIEW PROCESS TO NOT ONLY INCLUDE IMPROVED METHODS OF REVIEWING, BUT ALSO REVISED THE ELIGIBILITY CRITERIA TO REFLECT A MORE TARGETED FOCUS ON FUNDING ORGANIZATIONS THAT SUPPORT UNDER-SERVED 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
Linda David
Executive Director
$215,008
Nancy Rosenfelt
Chairman Of The Board
$0
Donna Rosen
Past Chairman Of The Board
$0
Abby Levy
Past Chairman Of The Board
$0
Larry Rosenstein
Vice Chair
$0
Solomon I Hamburg MD PHD
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,831,566
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,494,589
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,326,155
Total Program Service Revenue$0
Investment income $56,626
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$383,783
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,998,998

Grants Awarded

Over the last fiscal year, Tower Cancer Research Foundation has awarded $1,265,468 in support to 15 organizations.

Grant RecipientAmount

CEDARS SINAI MEDICAL CENTER

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: SCIENTIFIC RESEARCH

$600,000

UNIVERSITY OF SOUTHERN CALIFORNIA

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: SCIENTIFIC RESEARCH

$375,468

UC REGENTS LOS ANGELES

Org PageRecipient Profile

La Jolla, CA

PURPOSE: SCIENTIFIC RESEARCH

$100,000

MEMORIAL MEDICAL CENTER FOUNDATION

Org PageRecipient Profile

Long Beach, CA

PURPOSE: COMMUNITY OUTREACH

$40,000

PROJECT ANGEL FOOD

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: COMMUNITY OUTREACH

$30,000

CHILDREN'S HOSPITAL LOS ANGELES

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: COMMUNITY OUTREACH

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Tower Cancer Research Foundation has recieved totaling $2,000.

Awarding OrganizationAmount
Hyman Levine Family Foundation Ldor Vdor

Beverly Hills, CA

PURPOSE: CHARITY/EDUCATION

$1,000
Tracy Katayama-Esse Foundation Inc

Pasadena, CA

PURPOSE: TO ADVANCE GROUNDBREAKING CANCER RESEARCH AND PROFOUNDLY SUPPORT PEOPLE AFFECTED BY THE DISEASE TO CREATE OUTSIZED IMPACT IN SOUTHERN CALIFORNIA AND BEYOND.

$1,000
View Grant Recipient Profile

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