Your figures made me curious about the Jimmy V. Foundation, so I looked it up. Based on information at the charitynavigator.org website, Jimmy V. Foundation spends almost 90% on program expenses. By the way, ACS is listed by this website as spending 60% on program expenses...not debating your 16% figure...I'm sure some "program expenses" are for other purposes than research. Anyway, seems like Jimmy V. Foundation is a much better use of your charitable funds when it comes to cancer. :hi:
This is from Wiki, and yes I know that's not always a very reliable source, but it was the first thing I found just now.
It also runs public health advertising campaigns, and organizes projects such as the Relay For Life and the Great American Smokeout. It operates a series of thrift stores to raise money for its operations. The ACS participates in the Hopkins 4K for Cancer, a 4000-mile bike ride from Baltimore to San Francisco to raise money for the society's Hope Lodge.[12][13]
The societys allocation of funds for the fiscal year ending August 31, 2010, lists 72% of funds for Program Services (Patient Support 28%,
Research 16%, Prevention 16%, Detection and Treatment 12%). The remaining 28% are allocated for supporting services (
Fundraising 21%, and Management, General administration 7%).[14] This meets the Better Business Bureau's Standards for Charity Accountability: Standard 8 (Program Service Expense Ratio) of at least 65% of total expenses spent on program activities.[15]
In 2012 the American Cancer Society raised $934 million and spent $943 million prompting a national consolidation and cost-cutting reorganization.[8]
John R. Seffrin, former CEO of the American Cancer Society, received $2,401,112 salary/compensation from the charity for the 2009-2010 fiscal year.[15]
This is the second most money given by any charity to the head of that charity, according to Charity Watch. The money included $1.5 million in a retention benefit approved in 2001, to preserve management stability.[16] Mr. Seffrin's compensation for the fiscal year ending August 31, 2012 was $832,355.[17]
The Better Business Bureau lists American Cancer Society as an accredited charity meeting all of its Standards for Charity Accountability as of January 2012.[15] Charity Navigator rates the society two of four stars for fiscal year 2011.[20] According to Charity Navigator the society is directed to "eliminating cancer" and destroying it.[3]
Charity Watch rates American Cancer Society a "C", stating that the Society devotes 40% of its annual expenditures to administration, fundraising, etc., with the other 60% going to fund programs.[16]
