Foundation Fighting Blindness meets the 20 Standards for Charity Accountability.
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Year, State Incorporated
1971, MD
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Stated Purpose
"to drive the research that will provide preventions, treatments and cures for people affected by retinitis pigmentosa, macular degeneration, Usher syndrome, and the spectrum of retinal degenerative diseases."
Foundation Fighting Blindness (FFB) is a national eye research foundation that raises money to fund translational and clinical research at institutions in the United States and worldwide. The organization also serves a source of information for professionals and affected families. FFB funds research projects in such areas as genetics and gene therapy, cell therapy and pharmaceuticals at institutions, laboratories, hospitals, and universities. The organization publishes print and online publications that provide information to the public about causes, treatments, cures and preventative methods for retinal degenerative diseases. FFB also hosts virtual and regional seminars focused on educating the public about retinal degenerative diseases and provides information relative to lifestyle issues and understanding of retinal diseases.
For the year ended June 30, 2021, Foundation Fighting Blindness's program expenses were:
Research |
$21,377,288 |
Public health education |
$1,682,983 |
Total Program Expenses: |
$23,060,271 |
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Membership appeals, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Radio, Cause- related marketing (affinity credit cards, consumer product sales, etc.), Television
Fundraising costs were 21% of related contributions. (Related contributions, which totaled $27,688,294, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Foundation Fighting Blindness's audited financial statements - consolidated for the year ended June 30, 2021.
Source of Funds |
Contributions from individuals, corporations and foundations |
$17,473,815 |
Investment income, net |
$12,900,469 |
Special events, net |
$4,741,044 |
Planned giving |
$3,997,910 |
Forgiveness of PPP loan |
$1,062,123 |
Contributed goods and services |
$255,289 |
Contract revenue |
$173,318 |
Allocated by federated fundraising organizations |
$158,113 |
Research patent revenue |
$46,955 |
Other income |
$33,049 |
Program service refunds |
($25,000) |
Total Income |
$40,817,085 |
- Programs: 73%
- Fundraising: 19%
- Administrative: 8%
Total Income |
$40,817,085 |
Program expenses |
$23,060,271 |
Fundraising expenses |
$5,835,979 |
Administrative expenses |
$2,697,020 |
Other expenses |
$0 |
Total expenses: |
$31,593,270 |
Income in Excess of Expenses |
$9,223,815 |
Beginning Net Assets |
$155,869,948 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$165,093,763 |
Total Liabilities |
$15,549,244 |
Total Assets |
$180,643,007 |
Note: According to FFB's audited financial statements for the year ended June 30, 2021, the organization received in-kind contributions totaling $426,024 in the form of legal services ($255,289) and special events donations ($170,735).