Fund Allocation
The society’s 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%) meeting the Better Business Bureau's Standards for Charity Accountability (At least 65% to program services and no more than 35% to overhead and fundraising expenses).
John R. Seffrin, CEO of the American Cancer Society, received $2,222,272 salary/compensation from the charity. 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.”
The society has funded 46 Nobel Prize laureates including James D. Watson, Mario Capecchi, Oliver Smithies, Paul Berg, E. Donnall Thomas, and Walter Gilbert.
Read more about this topic: American Cancer Society
Famous quotes containing the word fund:
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)