Overview
What is Tower Cancer Research Foundation?
The Tower Cancer Research Foundation, located in Beverly Hills, California, is a dedicated nonprofit organization that focuses on innovative cancer research, community education, and patient support. In 2022, they funded several scientific research grants, including one for a novel approach to combat acute myeloid leukemia and two career development grants for young physicians. Their research initiatives aim to reveal new paradigms for understanding solid tumor resistance and develop therapeutic strategies for drug-resistant blood cancers. Additionally, Tower invests in survivorship programs, offering holistic support services to empower patients during their cancer journey. In 2022, they invested over $500,000 in such programs, which have seen significant growth since their inception. The organization's community partnership grant review committee also funds local cancer support organizations across Southern California.
Official website here: www.towercancer.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
Tower Cancer Research Foundation has achieved a strong rating of 90% from Charity Navigator, indicating a solid level of transparency and effectiveness in its operations. The organization demonstrates high accountability and finance scores, particularly excelling in leadership and adaptability, which received a perfect score of 100. This suggests a robust governance structure and effective oversight mechanisms in place.
The foundation showcases a strong commitment to its mission, with a program expense ratio of 72.43%, indicating that a significant portion of its funds is allocated toward programs rather than administrative costs. The organization also maintains a fully independent board, which contributes to its credibility and trustworthiness. Additionally, the presence of various policies related to governance and conflict of interest further enhances its operational integrity.
While the foundation exhibits impressive scores, it's important to note the working capital ratio of 0.44 years, which may raise concerns regarding its financial sustainability in the long term. Nonetheless, the high culture and community score of 95 reflects a strong connection to its stakeholders and a positive organizational culture. Overall, Tower Cancer Research Foundation appears to be a reliable and effective nonprofit in the cancer research space.
This AI summary has been generated from information found on Charity Navigator.
Is Tower Cancer Research Foundation legitimate?
Tower Cancer Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tower Cancer Research Foundation 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: $247,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $669,493
For more financial information, click here
Official website here: www.towercancer.org
What is the mission statement of Tower Cancer Research Foundation?
The Tower Cancer Research Foundation's mission is to drive innovative cancer research and provide compassionate patient support, aiming to create significant impact beyond Southern California. Through local investments, they fund groundbreaking studies and support individuals dealing with cancer, striving for improved treatment outcomes. In 2022, they funded a research grant focusing on Acute Myeloid Leukemia and career development grants for young scientists, contributing to innovative therapies and potential new treatment paradigms. Additionally, Tower invests in survivorship programs, offering holistic support services that empower patients during their cancer journey. These programs, such as those provided by Magnolia House, have gained popularity and impact, providing both enhanced quality of life and a supportive community.
Official website here: www.towercancer.org
What is the revenue of Tower Cancer Research Foundation?
Tower Cancer Research Foundation's revenue in 2023 was $2,539,108.
Official website here: www.towercancer.org
Who are the executives of Tower Cancer Research Foundation and what are their salaries?
The average compensation at Tower Cancer Research Foundation during 2023 was $61,161. There are 15 employees at Tower Cancer Research Foundation.
Here are 31 key members and their salaries:
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Official website here: www.towercancer.org
Where can I find the form 990 for Tower Cancer Research Foundation?
Tower Cancer Research Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.towercancer.org
Learn more at the official website: www.towercancer.org
Mission Statement of Tower Cancer Research Foundation
The Tower Cancer Research Foundation, a renowned organization, is dedicated to advancing groundbreaking cancer research and providing profound support to individuals affected by the disease. Through local investments, the foundation aims to create significant impact beyond Southern California. The Tower Cancer Research Foundation's mission is threefold: conducting innovative research, engaging in community education, and offering caring patient support.
In the realm of research, the foundation supports both established senior investigators and promising young physician scientists. By funding research grants, they strive to develop more effective treatments for cancer and blood disorders. In 2022, the foundation funded a senior investigator research grant at City of Hope, aimed at discovering a novel approach to elicit anti-tumor immunity against acute myeloid leukemia. Additionally, they funded two career development scientific research grants for young physician scientists at UCSD, focusing on innovative therapies that may revolutionize how solid tumors acquire resistance to therapy and develop a new therapeutic strategy for drug-resistant CLL and related blood cancers. The foundation's investments in research have resulted in substantial follow-on funding, grants, academic awards, and groundbreaking scientific discoveries.
Beyond research, the Tower Cancer Research Foundation offers survivorship support programs aligned with the challenges faced by cancer patients, survivors, and the cancer community. These programs, hosted by Magnolia House, provide integrative health and wellness support and education through free fitness, therapeutic, and holistic classes. In 2022, the foundation invested over $500,000 in survivorship programs, offering over 1,500 classes and services and receiving over 20,000 participant visits. The programs have expanded their reach, serving a broader demographic and enabling increased class capacities, despite the ongoing challenges posed by COVID-19. The Tower Cancer Research Foundation's survivorship support programs are viewed as a lifeline for many patients, providing not only enhanced quality of life but also a community of friendship, encouragement, and comfort.
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Impact
July, 2024
Tower Cancer Research Foundation's impact is profound in Southern California and beyond. In 2022, the foundation funded innovative scientific research grants, including a novel approach to elicit anti-tumor immunity against acute myeloid leukemia and innovative therapies for drug-resistant CLL and related blood cancers. The total scientific grant expenditures exceeded $1.1 million, leading to significant follow-on funding, academic awards, and groundbreaking discoveries.
Moreover, Tower's survivorship support programs, such as the Magnolia House, have provided integrative health and wellness support to empower cancer patients and survivors. In 2022, over $500,000 was invested in survivorship programs, resulting in a significant increase in classes and participant visits. The transition to online classes via Zoom during the COVID-19 pandemic expanded the reach of these programs, highlighting the importance of the support provided by Magnolia House.
Additionally, Tower's Community Partnership Grant Review Committee allocated over $200,000 to cancer support organizations in underserved communities, reflecting a targeted focus on those most in need of care. This strategic approach ensures that the foundation's impact extends to those who require support the most, making a difference in the lives of many individuals affected by cancer.
This information is meant to be a general summary of Tower Cancer Research Foundation. 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: $42,768
- Gross Receipts: $3,022,439
Assets and Liabilities:
- Total Assets: $4,621,629
- Total Liabilities: $2,941,048
- Net Assets: $1,680,581
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Organization Details
Founding Year
1996
Principal Officer
Steven Abramson
Website
www.towercancer.orgNTEE Category
Code: H00Z - Medical research
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