The Breast Cancer Research Foundation (BCRF) is the Charity of the Day for June 27, 2013.
This week’s theme: Cancer-related charities. Next week’s theme: Cancer-related charities — continued. More about Charity of the Day.
About The Breast Cancer Research Foundation (BCRF)
Identity: If you search the IRS database or CharityCheck101.org for an organization with “breast cancer” in its name, you’ll find 450 or more. We’re reporting today on the The Breast Cancer Research Foundation (EIN: 13-3727250). Don’t confuse this group with The Breast Cancer Relief Foundation, which we reported on earlier, or any other group.
Programs and spending: Its largest program focuses funding research on achieving prevention and a cure for breast cancer (it reports spending $41.4 million).
$35.4 million of that reported spending was in the form of grants and assistance to governments and organizations in the U.S. — to fund medical research. The largest grant was to Johns Hopkins Bloomberg School of Public Health ($1.3 million), while almost all of the remaining grants approximated $240,000 each.
BCRF’s program spending percentage exceeds 91% and merits a caution in the SeriousGivers ratio system. If an organization reports spending more than 80% on programs, that means it is spending less than 20% on administration and fundraising. While an organization might be proud of minimizing administrative and fundraising costs, we believe that well-run organizations must spend meaningful resources on administration and fundraising. So, we suggest donors investigate further to make sure that the organization is not (i) having administrative or fundraising costs paid from an outside source, (ii) underspending on important parts of its operations or (iii) mis-categorizing administration or fundraising costs as program costs.
Ratings and ratios
- CharityNavigator.org rates this charity “4-Star” (Exceptional).
- CharityWatch.org also rates this charity.
- The charity’s five SeriousGivers ratios show:
- 2 “green” (acceptable),
- 3 “yellow” (caution, discuss and obtain explanation) and
- 0 “red” (failed screening).
|Charity’s full name||The Breast Cancer Research Foundation Inc|
|Also known as||BCRF|
|City, State and ZIP||NEW YORK, NY 10022|
|EIN (employer identification number)||13-3727250|
|Does charity’s website show EIN? [more]||Yes, see financials and state disclosures page|
|Stated mission||THE MISSION OF THE BREAST CANCER RESEARCH FOUNDATION IS TO ACHIEVE PREVENTION AND A CURE FOR BREAST CANCER IN OUR LIFETIME BY PROVIDING CRITICAL FUNDING FOR INNOVATIVE CLINICAL AND TRANSLATIONAL RESEARCH AT LEADING MEDICAL CENTERS WORLDWIDE, AS WELL AS TO INCREASE PUBLIC AWARENESS ABOUT GOOD BREAST HEALTH|
|Largest program description||THE BREAST CANCER RESEARCH FOUNDATION (BCRF) WAS FOUNDED IN 1993 BY EVELYN H LAUDER AS AN INDEPENDENT, NOT-FOR-PROFIT 501(C)(3) ORGANIZATION DEDICATED TO FUNDING INNOVATIVE CLINICAL AND TRANSLATIONAL RESEARCH THE FOUNDATION SUPPORTS SCIENTISTS AND LEADING MEDICAL CENTERS WORLDWIDE WHOSE RESEARCH IS FOCUSED ON ACHIEVING PREVENTION AND A CURE FOR BREAST CANCER IN OUR LIFETIME A MINIMUM OF 91 CENTS OF EACH DOLLAR SPENT BY THE FOUNDATION GOES DIRECTLY TO BREAST CANCER RESEARCH AND AWARENESS PROGRAMS BREAST CANCER IS THE MOST COMMON FORM OF CANCER (AFTER SKIN CANCER) IN WOMEN IN THE UNITED STATES THE AMERICAN CANCER SOCIETY ESTIMATED THAT IN 2011, 230,480 NEW CASES OF INVASIVE BREAST CANCER WILL BE DIAGNOSED IN THE UNITED STATES AND 39,520 WOMEN WILL DIE FROM THE DISEASE BREAST CANCER IS THE SECOND LEADING CAUSE OF CANCER DEATH IN WOMEN, AFTER LUNG CANCER THESE STATISTICS, AND THE FACT THAT CLINICAL RESEARCH CONTINUES TO BE UNDER-FUNDED IN THE PUBLIC SECTOR, SUPPORTS THE CRITICAL NEED FOR THE WORK DONE AT THE BREAST CANCER RESEARCH FOUNDATION SINCE ITS INCEPTION, THE FOUNDATION HAS RAISED MORE THAN $380 MILLION – OVER $52 MILLION IN FISCAL YEAR 2012 ALONE – TO SUPPORT BREAST CANCER CURE AND PREVENTION RESEARCH SUBSEQUENT TO YEAR-END, IN OCTOBER 2012, THE FOUNDATION DISTRIBUTED GRANTS APPROVED AT JUNE 30, 2012, OF APPROXIMATELY $40 MILLION TO 197 RESEARCHERS ACROSS THE UNITED STATES AND EUROPE, AND IN AUSTRALIA, CANADA, LATIN AMERICA, THE MIDDLE EAST AND CHINA A NUMBER OF IMPORTANT ADVANCES IN BREAST CANCER TREATMENT ANNOUNCED OVER THE PAST TWO YEARS – INCLUDING THE DISCOVERY OF NEW GENETIC RISK MAKERS FOR BREAST CANCER, AND THE FIRST DEMONSTRATION OF THE LINK BETWEEN OBESITY, INFLAMMATION AND BREAST CANCER DEVELOPMENT – WERE MADE POSSIBLE IN PART BY GRANTS FROM THE FOUNDATION THE FOUNDATION KEEPS ADMINISTRATIVE COSTS AS LOW AS POSSIBLE, AND IN FISCAL 2012, OVERHEAD WAS LESS THAN 8% OF REVENUES AS A RESULT, THE FOUNDATION HAS RECEIVED EXCEPTIONAL RECOGNITION FROM SEVERAL ORGANIZATIONS THAT MONITOR AND PROVIDE COMPREHENSIVE, UNBIASED INFORMATION ON CHARITIES MOST NOTABLY, THE AMERICAN INSTITUTE OF PHILANTHROPY HAS AWARDED THE FOUNDATION WITH ITS HIGHEST RATING, “A+” THE FOUNDATION IS THE ONLY BREAST CANCER ORGANIZATION TO RECEIVE THIS ACCOLADE, INDEED, THE FOUNDATION IS THE ONLY CANCER ORGANIZATION TO CURRENTLY HOLD THIS RANKING|
|Date of IRS report data||Jun-2012|
|Largest single revenue source||Contributions, gifts, grants and similar amounts (excludes events)|
|Largest revenue source amount||$43,052,095|
|Percent of revenues from largest source||80.4%|
|Link to Form 990 or 990-EZ||Click here|
|Charity’s website link|| www.bcrfcure.org
|CharityNavigator profile link|| Click here
|NCCS profile link||Click here|
|GreatNonprofits profile link||Click here|
|GuideStar profile link||Click here|
|SeriousGivers report link||Click here|
|Spending on programs % [more]||91.13%|
|Reserve ratio [more]||0.43|
|CharityCheck101 report link||Click here|
|Date SGO research completed or updated||June 26, 2013|
The information provided reflects research completed or updated on date shown. Information is gathered from public sources, including the most recent IRS Form 990 or Form 990-EZ we found for the charity.
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