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Marc Lustgarten Pancreatic Cancer Foundation

CharityWatch rating issued
August 2024

Top-Rated Charity
B+
CharityWatch Rating
Our independent rating based
on a number of factors.
 
79%
Program Percentage
Amount spent on programs
relative to overhead.
 
$20
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Marc Lustgarten Pancreatic Cancer Foundation
415 Crossways Park Drive
Woodbury, NY 11797

Other Names

Lustgarten Foundation

Tax Status

501(c)3

Stated Mission

The Lustgarten Foundation is the largest private funder of pancreatic cancer research in the world.

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Data based on Fiscal Year Ended 06/30/2023

Program Percentage: 79%

The percentage of Marc Lustgarten Pancreatic Cancer Foundation's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$28,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $20

How many dollars Marc Lustgarten Pancreatic Cancer Foundation spends on fundraising to raise each $100 of contributions.

$19,000,000

Calculated Total Contributions

(rounded)

Joint Costs

Marc Lustgarten Pancreatic Cancer Foundation's rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
81% $17
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Lustgarten Foundation Audited Financial Statements 31-1611837
Lustgarten Foundation IRS Form 990 31-1611837
Entity: Lustgarten Foundation
Document Type: Audited Financial Statements
Tax ID: 31-1611837
Entity: Lustgarten Foundation
Document Type: IRS Form 990
Tax ID: 31-1611837

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Marc Lustgarten Pancreatic Cancer Foundation
meets governance benchmarks.
 
Marc Lustgarten Pancreatic Cancer Foundation
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Linda Tantawi CEO $460,101
2 Catherine Weber Past VP Dev Ops / Const. Services $389,986
3 Kerri Kaplan President $347,675
1
Name: Linda Tantawi
Title: CEO
Compensation: $460,101
2
Name: Catherine Weber
Title: Past VP Dev Ops / Const. Services
Compensation: $389,986
3
Name: Kerri Kaplan
Title: President
Compensation: $347,675

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Marc Lustgarten Pancreatic Cancer Foundation fiscal 2023 tax filing, (Schedule O, regarding IRS Form 990 Part VI, Section A, Line 2), the charity reports the following family relationships:

  • Charles F. Dolan, James L. Dolan and Quentin F. Dolan - Family and Business Relationship


  • Marcia Lustgarten, Andrew Lustgarten and Jessica Lustgarten Courtemanche - Family Relationship


  • Andrew Lustgarten, James L. Dolan, Philip D'Ambrosio, and Quentin F. Dolan - Business Relationship




According to the Lustgarten Foundation (LF) audit of June 30, 2023 (Note 2, Contributed Media and Services):

LF received in-kind media and professional services during the fiscal year-ended June 30, 2023, on which it placed a value of $123,191 and $253,340, respectively, for a total of $376,531. 

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Lustgarten Foundation (LF) tax filing for the fiscal year ended June 30, 2023, LF reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a):

"Catherine Weber, Vice President of Development Operations & Consituent [sic] Services, received a severance payment of $184,615 in calendar year 2022."

[Catherine Weber's total compensation in 2022 is reported as $389,986. (IRS Form 990, Schedule J, Part II).]


LF reports providing "bonus & incentive compensation" during 2022 to seven individuals. Linda Tantawi, CEO, received $113,750 of bonus and incentive compensation, with a total reported compensation of $460,101. The remaining six individuals received $16,200 to $67,855 with total compensation ranging from $168,395 to $389,986.