Goal, Mission, Background
Who is the foundation named after
Marc Lustgarten
How does the Lustgarten foundation raise money?
How much money was raised in just its fist year of existence?
In 1999, 3 million dollars was distributed in several research grants.
How much does CEO Linda Tantawi make? How much was spent in total in 2020 on executive compensation and other salaries?
Just shy of $2 million.
What prompted the creation of the foundation?
When Marc was diagnosed with stage 4 pancreatic cancer. Marc and his family, frustrated with the lack of treatment options, started the foundation in 1998 to change the landscape of pancreatic cancer for generations to come.
What is Lustgarten's biggest fundraising event?
The annual Winter Bash hosted by MSG Sports has raised 27 million dollars during its 22 events so far. Andrew Lustgarten, CEO of MSG Sports, helps to coordinate the event every year. Foundation CEO Lina Tantawi was quoted saying, "so grateful to MSG Entertainment, MSG Sports, and AMC Networks for supporting our mission to transform pancreatic cancer into a curable disease by hosting this exciting fundraising event”.
What was the first massive breakthrough in Lustgarten's funded research?
What is the Lustgarten mission statement?
"to advance the research related to the diagnosis, treatment, cure, and prevention of pancreatic cancer while raising public awareness and providing support for patients and their families"
What is one example of where charitable contributions go?
Money is awarded to research facilities in the form of research grants. The grants are targeted towards specific research that the foundation thinks needs the most funding.
In 2018, based on research funded by the Lustgarten Foundation, what device did the FDA grant?
They granted a "breakthrough device designation for CancerSEEK, a liquid biopsy, for pancreatic and ovarian cancers—recognizing the unmet need for detection of these cancers and potentially speeding the availability of the test to patients".
Where does Lustgarten financially struggle the most?
With year-to-year growth of only 0.69%, they struggle to outpace inflation. In the long run, this means that Lustgarten will struggle to sustain their foundation without increasing growth to match inflation.
What is Lustgarten's end goal?
What is one example of where charitable contributions go?
The Lustgarten Foundation is the proud manager of 6 different labs. In 2012 the Lustgarten Foundation established the Lustgarten Advancing Breakthrough Science Program (LABS), funding its first laboratory dedicated to pancreatic cancer research. Since then, they have helped fund many laboratories, including labs at the Dana-Farber Cancer Institute.
In its first 20 years of existence, how much did the foundation raise in total charitable contributions?
As of 2018, the foundation had raised 182.1 million dollars towards pancreatic cancer research and treatments.
What is Lustgarten's liability-to-asset ratio?
Lustgarten's total assets combine to $90 million, while their liabilities total $10 million. This equates to a liability-to-asset ratio of 10.8%, or 0.1. For someone looking to donate or invest in Lustgarten, this is an incredibly convincing number. Investors such as Warren Buffet lay down general ground rules to invest in companies with a liability-to-asset ratio of 0.3-0.6. A 0.1 is very rare, and a very safe investment.