Overview
What is The Foundation For Aids Research?
The Foundation for AIDS Research, commonly known as amfAR, is a New York-based international non-profit organization founded in 1985 by merging two existing organizations. With a mission to end the global AIDS epidemic, amfAR has expanded its scope to include research on the novel coronavirus. In response to the COVID-19 pandemic, they established the Amfar Fund to Fight Covid-19 in April 2020. In July 2021, they granted around $700,000 to researchers seeking answers to pressing Covid-19 research questions.
Official website here: www.amfar.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Foundation For Aids Research has achieved an impressive Four-Star rating, reflecting a strong commitment to accountability and financial health. With an Accountability & Finance Score of 98%, the organization demonstrates effective management of its resources, evidenced by a solid program expense ratio of 72.20% and a fundraising efficiency ratio of $0.17, indicating low costs relative to the funds raised.
Strengths of this nonprofit include a fully independent board of 16 members and high scores in leadership and adaptability, indicating a well-structured governance model. The organization has established several key policies, including conflict of interest and whistleblower protections, which contribute to a culture of transparency and ethical management.
While the organization performs well overall, its lower scores in culture and community (83%) and leadership and adaptability (16%) suggest potential areas for improvement. Continued focus on enhancing these aspects may further strengthen its impact and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation For Aids Research legitimate?
The Foundation For Aids Research is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For Aids Research submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,957,936
Professional Fundraising Fees: $525,768
Other Salaries and Wages: $5,789,423
For more financial information, click here
Official website here: www.amfar.org
What is the mission statement of The Foundation For Aids Research?
The Foundation for AIDS Research, also known as amfAR, is a not-for-profit organization committed to ending the global AIDS epidemic through groundbreaking research. Established in 1985 by merging two existing organizations, amfAR broadened its scope in 2020 to include research on the novel coronavirus. In response to the Covid-19 pandemic, the Amfar Fund was established to support researchers trying to answer critical questions related to the virus. In July 2021, approximately $700,000 was granted to researchers addressing key aspects of Covid-19 research.
Official website here: www.amfar.org
Who is the CEO of The Foundation For Aids Research?
Kevin Frost is the CEO of The Foundation For Aids Research The CEO's salary of The Foundation For Aids Research is $495,839 and their total compensation is $610,847.
Official website here: www.amfar.org
What is the revenue of The Foundation For Aids Research?
The Foundation For Aids Research's revenue in 2023 was $29,082,707.
Official website here: www.amfar.org
Who are the executives of The Foundation For Aids Research and what are their salaries?
The average compensation at The Foundation For Aids Research during 2023 was $110,726. There are 79 employees and 23 volunteers at The Foundation For Aids Research.
Here are 29 key members and their salaries (The Foundation For Aids Research's CEO's salary is $495,839 and their total compensation is $610,847):
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- Compensation: $495,839
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- Compensation: $156,800
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- Other: $35,159
Official website here: www.amfar.org
Where can I find the form 990 for The Foundation For Aids Research?
The Foundation For Aids Research's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.amfar.org
Learn more at the official website: www.amfar.org
Mission Statement of The Foundation For Aids Research
The Foundation for Aids Research, or amfAR, is a not-for-profit organization with a mission to end the global AIDS epidemic through groundbreaking research. Established in 1985 by the merger of two existing organizations, amfAR has been at the forefront of the fight against HIV and AIDS for over three decades. In response to the global crisis of the novel coronavirus, Amfar Fund to Fight Covid-19 was established in April 2020. Through this fund, amfAR has dedicated significant resources to Covid-19 research, awarding approximately $700,000 to researchers in July 2021 to address two pressing questions in the field. The organization's unwavering commitment to innovation and discovery drives its efforts to find effective solutions to these debilitating diseases. Amfar's mission is to fund and conduct collaborative scientific research that advances the prevention, treatment, and cure of HIV and AIDS, as well as Covid-19. The organization's research initiatives span the globe, bringing together leading scientists, researchers, and institutions to tackle these complex health issues from every angle.
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Impact
October, 2024
The Foundation for AIDS Research (amfAR) plays a critical role in the global fight against the AIDS epidemic through its commitment to innovative research. Established in 1985, amfAR has significantly advanced scientific understanding and treatment options for HIV/AIDS. The organization has consistently funded groundbreaking research projects, promoting new therapies that have transformed HIV from a fatal disease into a manageable chronic condition for many.
In its efforts to combat emerging health crises, amfAR also adapted its mission to include research related to the novel coronavirus, launching the Amfar Fund to Fight Covid-19 in April 2020. By July 2021, the foundation had allocated approximately $700,000 to researchers tackling pressing questions in Covid-19 research, demonstrating its agility and dedication to addressing urgent health challenges beyond AIDS.
Through its impactful initiatives, amfAR not only contributes to the scientific community but also raises awareness and fosters collaboration among researchers, policymakers, and advocates. Its work has been crucial in driving progress toward ending the global AIDS epidemic, improving public health outcomes, and responding to new health threats with urgency and innovation.
This information is meant to be a general summary of The Foundation For Aids Research. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,239,822
- Gross Receipts: $50,922,303
Assets and Liabilities:
- Total Assets: $55,186,037
- Total Liabilities: $20,091,685
- Net Assets: $35,094,352
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Organization Details
Founding Year
1983
Principal Officer
Kevin Frost
Website
www.amfar.orgNTEE Category
Code: H81J - Medical research
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