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Licr Charitable Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 986039547 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Licr Charitable Trust?

Licr Charitable Trust is a Bermudian trust with a mission to oversee the management of programs and operations for the Ludwig Institute for Cancer Research Ltd, a Swiss non-profit organization. Established in New York, the trust plays a crucial role in ensuring the effective management of the Institute's initiatives, contributing to the broader goal of cancer research. By maintaining this oversight, Licr Charitable Trust plays an essential role in supporting the Institute's efforts to combat cancer on a global scale.


Official website here: www.ludwigcancerresearch.org

Is Licr Charitable Trust legitimate?

Licr Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Licr Charitable Trust 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: $301,639
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ludwigcancerresearch.org

What is the mission statement of Licr Charitable Trust?

The Licr Charitable Trust's mission is to oversee the management of the operations and programs of the Ludwig Institute for Cancer Research Ltd, a non-profit organization based in Switzerland. This Bermudian trust works in close connection with the Institute, ensuring its mission is carried out effectively. The primary role of Licr Charitable Trust is to maintain oversight and provide support, contributing to the Institute's research efforts in the field of cancer.


Official website here: www.ludwigcancerresearch.org

Who is the CEO of Licr Charitable Trust?

Edward A Mcdermott Jr is the Individual Trustee of Licr Charitable Trust.


Official website here: www.ludwigcancerresearch.org

What is the revenue of Licr Charitable Trust?

Licr Charitable Trust's revenue in 2022 was $392,973.


Official website here: www.ludwigcancerresearch.org

Who are the executives of Licr Charitable Trust and what are their salaries?


Here are 6 key members and their salaries:


Edward A Mcdermott Jr (Individual Trustee)
  • Compensation: $46,684
  • Related: $870,180
  • Other: $103,318
John L Notter (Individual Trustee)
  • Compensation: $46,684
  • Related: $103,431
  • Other: $0
John D Gordan Iii (Individual Trustee)
  • Compensation: $46,684
  • Related: $40,831
  • Other: $0
Dr Jedd D Wolchok (Individual Trustee)
  • Compensation: $46,684
  • Related: $0
  • Other: $0
Conyers Trust Company (Bermuda) Ltd (Administrative Trustee)
  • Compensation: $46,684
  • Related: $0
  • Other: $0
Sir John Bell (Individual Trustee)
  • Compensation: $23,342
  • Related: $0
  • Other: $0


Official website here: www.ludwigcancerresearch.org

Where can I find the form 990 for Licr Charitable Trust?

Licr Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ludwigcancerresearch.org

Learn more at the official website: www.ludwigcancerresearch.org

Mission Statement of Licr Charitable Trust

Licr Charitable Trust is a Bermudian organization with a unique mission. It operates in conjunction with the Ludwig Institute for Cancer Research Ltd, a Swiss not-for-profit entity. The role of Licr Charitable Trust is to ensure the effective management of the Ludwig Institute's programs and operations. This oversight ensures that the Institute can continue its vital research and advocacy work in the field of cancer. The trust's involvement allows for the smooth operation of the Institute's activities, contributing to the broader goal of advancing cancer research and treatment.

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Impact




October, 2024

Licr Charitable Trust significantly enhances the efficacy of cancer research through its strategic oversight of the Ludwig Institute for Cancer Research Ltd. Situated in New York, the Trust is dedicated to ensuring that the Institute's programs and operations are managed effectively, thereby facilitating the advancement of innovative cancer therapies and treatments. By operating in close association with a leading organization in the field, Licr Charitable Trust plays a vital role in shaping the landscape of cancer research, ultimately contributing to improved outcomes for patients battling this disease. Their focused mission supports the flow of resources and expertise necessary to push the boundaries of scientific inquiry and philanthropy in cancer research.




This information is meant to be a general summary of Licr Charitable Trust. 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.

Revenue
$392,973 (2022)
Expenses
$457,871 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $392,973
  • Gross Receipts: $786,814

Assets and Liabilities:

  • Total Assets: $3,762,706
  • Total Liabilities: $0
  • Net Assets: $3,762,706

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Organization Details

Founding Year

1988

Principal Officer

Edward A Mcdermott Jr

Main Address

600 Third Avenue - 32nd Floor, New York, NY, 10016

NTEE Category

Code: T90Z - Philanthropy

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