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Nonprofiteer
← MARC LUSTGARTEN PANCREATIC CANCER FOUNDATION

Form 990 for tax year 2023

Filed by MARC LUSTGARTEN PANCREATIC CANCER FOUNDATION.

Totals

Total revenue
$22,749,028
Total expenses
$30,962,554
Contributions and grants received
$21,134,092
Grants paid
$21,875,654
Program service revenue
$0
Investment income
$1,266,888
Other revenue
$348,048
Total assets, end of year
$75,802,153
Total liabilities, end of year
$10,919,729
Net assets or fund balances, end of year
$64,882,424
Program services expenses (Part IX)
$25,620,369
Management and general expenses
$2,271,600
Fundraising expenses
$3,070,585
Program service expenses (Part III)
$25,620,369

Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $4,117,019

  • 1f · All other contributions, gifts and grants

    $17,017,073

  • 1g · Noncash contributions included above

    $213,772

  • 3 · Investment income

    total $1,917,224 · excluded $1,917,224

  • 5 · Royalties

    total $348,048 · excluded $348,048

  • 7a · Gross sales of assets other than inventory

    securities $165,090,346

  • 7b · Less cost or other basis and sales expenses

    securities $165,740,682

  • 7c · Gain or loss

    securities -$650,336

  • 7d · Net gain or loss

    total -$650,336 · excluded -$650,336

  • 8a · Fundraising events: gross income

    $47,396

  • 8a · Fundraising events: contributions included on line 1c

    $4,117,019

  • 8b · Fundraising events: direct expenses

    $47,396

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,137,848 · program services $21,137,848

  • 3 · Grants to foreign organizations and individuals

    total $737,806 · program services $737,806

  • 5 · Compensation of officers, directors and key employees

    total $1,101,001 · program services $378,580 · management and general $576,558 · fundraising $145,863

  • 7 · Other salaries and wages

    total $2,734,725 · program services $1,364,998 · management and general $525,908 · fundraising $843,819

  • 8 · Pension plan contributions

    total $115,556 · program services $50,866 · management and general $33,256 · fundraising $31,434

  • 9 · Other employee benefits

    total $445,961 · program services $204,447 · management and general $133,406 · fundraising $108,108

  • 10 · Payroll taxes

    total $272,236 · program services $123,664 · management and general $72,983 · fundraising $75,589

  • 11e · Fees: professional fundraising services

    total $53,806 · fundraising $53,806

  • 11f · Fees: investment management

    total $291,213 · management and general $291,213

  • 11g · Fees: other

    total $832,242 · program services $443,040 · management and general $132,902 · fundraising $256,300

  • 12 · Advertising and promotion

    total $823,139 · program services $246,942 · management and general $82,314 · fundraising $493,883

  • 14 · Information technology

    total $490,606 · program services $196,242 · management and general $122,652 · fundraising $171,712

  • 16 · Occupancy

    total $259,711 · program services $103,884 · management and general $64,929 · fundraising $90,898

  • 19 · Conferences, conventions and meetings

    total $246,896 · program services $61,724 · management and general $37,034 · fundraising $148,138

  • 22 · Depreciation, depletion and amortization

    total $69,635 · program services $27,854 · management and general $17,409 · fundraising $24,372

  • 23 · Insurance

    total $50,924 · program services $20,370 · management and general $12,731 · fundraising $17,823

  • 24a · Other expenses: DIRECT MAIL DESIGN & PR

    total $1,044,206 · program services $522,104 · management and general $156,630 · fundraising $365,472

  • 24b · Other expenses: BANK & CREDIT CARD FEES

    total $248,428 · management and general $5,060 · fundraising $243,368

  • 24e · All other expenses

    total $6,615 · management and general $6,615

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,731,289 · end of year $3,900,693

  • 3 · Pledges and grants receivable

    beginning of year $1,440,671 · end of year $2,663,022

  • 9 · Prepaid expenses and deferred charges

    beginning of year $190,010 · end of year $237,956

  • 10a · Land, buildings and equipment: cost or other basis

    $382,946

  • 10b · Land, buildings and equipment: accumulated depreciation

    $348,034

  • 10c · Land, buildings and equipment, net

    beginning of year $104,547 · end of year $34,912

  • 11 · Investments: publicly traded securities

    beginning of year $72,170,913 · end of year $68,965,570

  • 15 · Other assets

    beginning of year $923,045 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $889,012 · end of year $917,651

  • 18 · Grants payable

    beginning of year $7,382,067 · end of year $10,002,078

  • 19 · Deferred revenue

    beginning of year $30,000

  • 25 · Other liabilities

    beginning of year $1,002,106 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $68,173,573 · end of year $62,508,499

  • 28 · Net assets with donor restrictions

    beginning of year $1,083,717 · end of year $2,373,925

Mission and programs · 2023

Mission

THE LUSTGARTEN FOUNDATION IS BOLDY LEADING THE WAY THROUGH HOPE AND INNOVATION, TURNING FEAR INTO ACTION THROUGH EDUCATION AND EMPOWERMENT, AND ADVANCING THE BEST SCIENCE TO TRANSFORM PANCREATIC CANCER INTO A CURABLE DISEASE. SEE SCHEDULE OTHE LUSTGARTEN FOUNDATION IS BOLDY LEADING THE WAY THROUGH HOPE AND INNOVATION, TURNING FEAR INTO ACTION THROUGH EDUCATION AND EMPOWERMENT, AND ADVANCING THE BEST SCIENCE TO TRANSFORM PANCREATIC CANCER INTO A CURABLE DISEASE. THE FOUNDATION FOCUSES ON TRANSLATING OUR UNDERSTANDING OF THE UNDERLYING BIOLOGY OF PANCREATIC CANCER INTO CLINICAL APPLICATIONS TO CHANGE, EXTEND, AND ULTIMATELY SAVE PATIENTS' LIVES. IN FY24, THE FOUNDATION AWARDED $21.8 MILLION TO FUEL CUTTING-EDGE PANCREATIC CANCER RESEARCH, INCLUDING 10 NEW GRANTS TO RESEARCHERS AT SEVEN LEADING INSTITUTIONS. RESEARCH EFFORTS ARE CONCENTRATED ON THREE KEY PILLARS: EARLY DETECTION AND INTERCEPTION, DRUG DEVELOPMENT, AND PERSONALIZED MEDICINE.

Activities or mission (Part I)

THE LUSTGARTEN FOUNDATION IS THE LARGEST PRIVATE FUNDER OF PANCREATIC CANCER RESEARCH IN THE WORLD.THE LUSTGARTEN FOUNDATION IS THE LARGEST PRIVATE FUNDER OF PANCREATIC CANCER RESEARCH IN THE WORLD, FUNDING PREEMINENT PANCREATIC CANCER RESEARCHERS, DRIVING THE PURSUIT OF BOLD AND INNOVATIVE SCIENCE TOWARD EARLIER DETECTION AND BETTER TREATMENTS TO TRANSFORM PANCREATIC CANCER INTO A CURABLE DISEASE. THE FOUNDATION FUNDS RESEARCH WHERE CREATIVE RISKS YIELD HIGH REWARDS TO ACCELERATE AND EXPAND LIFE-SAVING TREATMENT OPTIONS. WE BELIEVE TIME IS EVERYTHING TO PATIENTS AND THEIR FAMILIES, AND THAT COMMUNITY IS POWER. LUSTGARTEN PROGRAMS AND EVENTS PROVIDE PEOPLE AFFECTED BY PANCREATIC CANCER A VOICE AND A PLACE TO CREATE HOPE, TOGETHER. THROUGH FY24, THE LUSTGARTEN FOUNDATION HAS INVESTED $287.2 MILLION IN PANCREATIC CANCER RESEARCH.

  • RESEARCH PROGRAM: THE LUSTGARTEN FOUNDATION'S MISSION IS TO ADVANCE THE BEST SCIENCE TO TRANSFORM PANCREATIC CANCER INTO A CURABLE DISEASE. 2024 MARKED THE FOUNDATION'S 26TH YEAR OF DRIVING PIONEERING PANCREATIC CANCER RESEARCH BREAKTHROUGHS, ACCELERATING PROGRESS FASTER THAN EVER BEFORE AND PROVIDING A MORE HOPEFUL FUTURE FOR ALL PATIENTS. SEE SCHEDULE O.

    Expenses $23,621,306 · Grants $21,875,654

  • PUBLIC EDUCATION AND INFORMATION PROGRAM: THE LUSTGARTEN FOUNDATION IS THE LARGEST PRIVATE FUNDER OF PANCREATIC CANCER RESEARCH IN THE WORLD, FUNDING PREEMINENT PANCREATIC CANCER RESEARCHERS, DRIVING THE PURSUIT OF BOLD AND INNOVATIVE SCIENCE TOWARD EARLIER DETECTION AND BETTER TREATMENTS, AND TRANSFORMING PANCREATIC CANCER INTO A CURABLE DISEASE. THE FOUNDATION FUNDS RESEARCH WHERE CREATIVE RISKS YIELD HIGH REWARDS TO ACCELERATE AND EXPAND LIFE-SAVING TREATMENT OPTIONS. WE BELIEVE TIME IS EVERYTHING TO PATIENTS AND THEIR FAMILIES, AND THAT COMMUNITY IS POWER. LUSTGARTEN PROGRAMS AND EVENTS PROVIDE PEOPLE AFFECTED BY PANCREATIC CANCER A VOICE AND A PLACE TO CREATE HOPE, TOGETHER. SEE SCHEDULE O.

    Expenses $1,241,565

  • PROFESSIONAL EDUCATION PROGRAM: PROFESSIONAL EDUCATION FOCUSED ON THE FOUNDATION'S SENIOR LEADERSHIP CONDUCTING HIGH-LEVEL MEETINGS WITH FUNDED SCIENTISTS AND DIRECTORS OF THE LABS PROGRAM SITES AND COLLABORATING ORGANIZATIONS, AS WELL AS ATTENDING/PRESENTING AT SCIENTIFIC MEETINGS. SEE SCHEDULE O.

    Expenses $757,498

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Lustgarten

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Charles F Dolan

    CHAIRMAN EMERITUS (END 3/31/24)

    Total calculated
    $0
    Hours/week
    2

  • Robert F Vizza

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Jennie Fortunoff

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Philip D'Ambrosio

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • James L Dolan

    VICE CHAIRMAN (END 3/31/24)

    Total calculated
    $0
    Hours/week
    2

  • Adam Silver

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Sommer Bazuro PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John H Cobb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jessica Lustgarten Courtemanche

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Quentin F Dolan

    TRUSTEE (END 3/31/24)

    Total calculated
    $0
    Hours/week
    2

  • Marcia Lustgarten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sheila Mahony

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles R Schueler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Willa Shalit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott Penberthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Selwyn Vickers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Aaron Kantoff

    DIRECTOR (AS OF 6/7/2024)

    Total calculated
    $0
    Hours/week
    2

  • Richard R Barakat MD MBA

    DIRECTOR (AS OF 6/7/2024)

    Total calculated
    $0
    Hours/week
    2

  • Linda Tantawi

    CEO

    Total calculated
    $520,974
    From this org
    $465,053
    From related orgs
    $0
    Other
    $55,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $351,303
    Bonus
    $113,750
    Other
    $0
    Deferred
    $19,188
    Nontaxable benefits
    $36,733
    Filer's total
    $520,974

  • Kerri Kaplan

    PRESIDENT

    Total calculated
    $377,993
    From this org
    $328,848
    From related orgs
    $0
    Other
    $49,145
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,993
    Bonus
    $67,855
    Other
    $0
    Deferred
    $4,750
    Nontaxable benefits
    $44,395
    Filer's total
    $377,993

  • Faisal Jawaid

    CFO

    Total calculated
    $305,001
    From this org
    $258,102
    From related orgs
    $0
    Other
    $46,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,602
    Bonus
    $52,500
    Other
    $0
    Deferred
    $11,631
    Nontaxable benefits
    $35,268
    Filer's total
    $305,001

  • Andrew Rakeman

    VP RESEARCH

    Total calculated
    $311,037
    From this org
    $250,561
    From related orgs
    $0
    Other
    $60,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,561
    Bonus
    $43,000
    Other
    $0
    Deferred
    $12,511
    Nontaxable benefits
    $47,965
    Filer's total
    $311,037

  • Glen Peck

    SVP TECHNOLOGY & BUSINESS INTELLIGENCE

    Total calculated
    $321,848
    From this org
    $260,177
    From related orgs
    $0
    Other
    $61,671
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,777
    Bonus
    $45,400
    Other
    $0
    Deferred
    $13,052
    Nontaxable benefits
    $48,619
    Filer's total
    $321,848

  • Jaclyn P Lyman

    HEAD CLINICAL RESEARCH & DEVELOPMENT

    Total calculated
    $198,227
    From this org
    $175,556
    From related orgs
    $0
    Other
    $22,671
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,931
    Bonus
    $8,625
    Other
    $0
    Deferred
    $6,723
    Nontaxable benefits
    $15,948
    Filer's total
    $198,227

  • Stephanie Dergarabedian

    NATIONAL DIRECTOR OF DEVELOPMENT

    Total calculated
    $204,176
    From this org
    $156,431
    From related orgs
    $0
    Other
    $47,745
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,583
    Bonus
    $16,848
    Other
    $0
    Deferred
    $8,176
    Nontaxable benefits
    $39,569
    Filer's total
    $204,176

  • Susan M Jacobson

    DIRECTOR EXTERNAL & COMMUNITY RELATIONS

    Total calculated
    $193,819
    From this org
    $155,304
    From related orgs
    $0
    Other
    $38,515
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,504
    Bonus
    $16,800
    Other
    $0
    Deferred
    $8,864
    Nontaxable benefits
    $29,651
    Filer's total
    $193,819

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B:
NONQUALIFIED RETIREMENT PLAN LINDA TANTAWI, CEO, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENTPLAN, AND $1,150 OF DEFERRED COMPENSATION RELATED TO THE PLAN IS REPORTED ON SCHEDULE J, PART II, COLUMN (C).
PART I, LINE 7:
NONFIXED PAYMENTS IN 2023, OFFICERS AND EMPLOYEES RECEIVED NONFIXED DISCRETIONARY BONUSES AS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
10 February 2025
IRS schema version
2023v6.0
Source object
202530429349300308

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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