Moffitt Cancer Center

What it reported doing in 2024

The moffitt cancer center foundation was founded in 1994 with the sole purpose of supporting research, patient care and education at h. Lee moffitt cancer center & research institute. It is a tax-exempt charitable organization under section 501(c)(3) of the internal revenue code and is authorized to accept charitable gifts on behalf of h. Lee moffitt cancer center & research institute. All contributions are tax deductible within the limits set by law.philanthropy is critical to the moffitt mission - to contribute to the prevention and cure of cancer - and philanthropic donations are disseminated across a wide spectrum of moffitt programs and services.moffitt foundation solicits and welcomes financial gifts from donors who wish to support the work of the cancer center. Charitable gifts provide an important source of funding for moffitt's efforts in treating and curing cancer. Donors may restrict their gifts for use in a specific area of cancer research, patient care or community education. Gifts also may be directed for use in an area of greatest need.the money raised by the foundation is distributed for such things asthe purchase of advanced technological equipment, support for research laboratories and supplies, cancer education and outreach, lodging, biomedical library, health disparities, survivorship, and integrative medicine programs.in fy25, moffitt foundation's three largest fundraising events are asfollows:2025 moffitt cancer center luncheon - the 2025 moffitt cancer center luncheon was held at michael's on the bay at marie selby gardens in sarasota on april 3rd. The event raised nearly $400,000 for moffitt and was chaired by sarasota resident and foundation board member, eileen curd. Guests at the luncheon heard from keynote speaker dr. Jenny permuth, vice chair of research, gastrointestinal oncology. Funds raised each year at the moffitt cancer center luncheon in sarasota support moffitt's research innovation fund. The fund established in 2020 provides seed funding for key initiatives including research development studies, clinical trials, and treatments at the forefront of the next scientific breakthrough for our patients. Miles for moffitt - miles for moffitt is moffitt cancer center's premier movement for raising funds to touch lives and propel us toward a cancer-free world. Since 2006, moffitt cancer center supporters have come together to raise critical funds for cancer research in a community-wide movement of inspiration, courage, and hope that thousands of individuals and families look forward to every year. The event provides a 1k/5k/10k/wheelchair race and kids dash. Since 2006, miles for moffitt has raised millions of dollars toward advancing cancer research, helping moffitt sustain and advance its status as one of the best cancer centers in the country and the only national cancer institute-designated comprehensive cancer center in Florida.magnolia ball event - the magnolia ball took place on february 1, 2025, drawing a large crowd at the jw marriott in downtown tampa. The event, chaired by the wanek family, raised over eight million dollars to support moffitt cancer center. Since 1994, the magnolia ball, the cancer center's signature event, has raised tens of millions for moffitt's cancer-fighting efforts. A private concert by lady a entertained the crowd followed by a speak easy themed after-party with dj fresh.

Financial Efficiency

• Mission deployment rate: 55.5%; rating input score 55
• Program expense ratio: 71.7%; rating input score 72
• Fundraising efficiency: $8.02 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 100%; rating input score 100; 41st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Limited
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 16.9%; rating input score 79; 79th percentile among comparable filings
• Total-asset coverage ratio: 9.33; rating input score 91; 91st percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 89; 89th percentile among comparable filings
• Officer compensation ratio: 7.9%; rating input score 30; 30th percentile among comparable filings

Growth

• Program expense growth: 3% per year; rating input score 100; 26th percentile among comparable filings
• Revenue growth: 6.1% per year; rating input score 100; 53rd percentile among comparable filings
• Asset growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings