Licr Fund
Licr Fund reported $79.0 million in revenue and $69.0 million in expenses for calendar year 2024. Of every $100 it spent, $88.35 went to program services, $11.65 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 100.0% of the total. The highest compensation it reported for one person was $1,196,997 (DIRECTOR, PRESIDENT, CIO). Revenue fell 10% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $69MFor context, the median across 169 covered medical research charities: $87.02 programs, $12.87 management, $0.11 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $79MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.4% | 83.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.6% | 12.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.1% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 72.7% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 5.8% |
| Highest reported compensation Part VII-A, columns D–F | $1,196,997 | $628,890 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.73% | 1.94% |
| People paid over $100,000 Part VII, line 2 | 0 | 18 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 335.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 10 | 93.8% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseLicr 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 2024 the fund provided grants and other assistance directly to the institute in the amount of…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR, PRESIDENT, CIO Director/trustee, officer, 39.0 hrs/week | $0 | $1,010,543 | $186,454 | $1,196,997 |
| DIRECTOR Director/trustee, 2.0 hrs/week | $0 | $1,106,568 | $73,583 | $1,180,151 |
| DIR, BOARD CHAIR (FROM 7/24) Director/trustee, officer, 2.0 hrs/week | $37,500 | $581,427 | $51,800 | $670,727 |
| VICE PRESIDENT Officer, 40.0 hrs/week | $0 | $484,551 | $155,567 | $640,118 |
| TREASURER Officer, 28.0 hrs/week | $0 | $251,956 | $125,973 | $377,929 |
| SECRETARY Officer, 3.0 hrs/week | $0 | $287,353 | $76,191 | $363,544 |
| DIR, BOARD CHAIR (END 6/24) Director/trustee, 2.0 hrs/week | $45,000 | $70,317 | $0 | $115,317 |
| DIRECTOR Director/trustee, 1.0 hrs/week | $30,000 | $66,231 | $0 | $96,231 |
0 people received more than $100,000 in reportable compensation from Licr Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $262K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
Private foundation grants it received
1 private foundation reported grants to Licr Fund totaling $5,500 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Licr Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Licr Fund, you can publish a response that is linked from this page.
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Of every $100 Licr Fund spent in 2024, $88.35 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Licr Fund's spending goes to programs?
In calendar year 2024, Licr Fund reported that 88.4% of its $69.0 million in expenses went to program services, 11.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Licr Fund pay its top executive?
The largest total compensation Licr Fund reported for one person in calendar year 2024 was $1,196,997, for the role of DIRECTOR, PRESIDENT, CIO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Licr Fund get its money?
Of $79.0 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Licr Fund a registered charity?
The IRS lists EIN 13-3573053 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513179349305781 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413199349316736 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333149349306058 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233139349304743 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103139349303845 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013159349304336 · read the filing
All filings for EIN 13-3573053: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.