Research journal Genetic Engineering & Biotechnology News has ranked 20 nonprofit disease foundations that give grants for research by the percentage of total revenues spent on programmatic efforts. The Michael J. Fox Foundation placed first on the list and was highlighted as a “beacon of efficiency.”
The editors included foundations with research expenses of at least $1 million, which, the journal notes, are only gaining importance in the medical research enterprise:
“With government funding for basic research threatening to shrink in coming years as lawmakers cut federal spending—or let sequestration do it for them—investigators will look more to the disease foundations, among other institutions, for funds that will enable them to carry out their all-important work.”
It’s nice to be noticed, though we’ve never been much for accolades. We’re obsessed with efficiency because we take our responsibility to our donors seriously. (Since inception, 88 cents of every dollar we’ve spent has gone straight to grants and initiatives to speed a cure for Parkinson’s disease.) Until we find the cure and close our doors, that will never change.