Licr Fund Inc

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.

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)Compensation
John L Notter
Director, Board Chairperson
$75,000
Olivier Dunant
Director, Vice Chairperson
$30,000
Dr Nancy Davidson
Director
$30,000
Dr Philip A Pizzo
Director
$30,000
Alexandra Johnson
Director
$30,000
John D Gordan III
Director
$30,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tb Alternative Assets
Portfolio Manager
$1,180,752
Brandywine Global Investment Manage
Portfolio Manager
$266,695
Burgundy Asset Management
Portfolio Manager
$269,339
Silchester Int'l Advisors Ltd
Portfolio Manager
$393,307
The Ludwig Group Inc
Administrative Svcs
$3,577,513
View All Vendors

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Licr Fund Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Humanist Trust

New York, NY

PURPOSE: GENERAL PURPOSE

$5,000
View Grant Recipient Profile

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