Wednesday, April 22, 2009

Who Spends Money on MS Research?

Now that many communities around the country have had their MS Walks, I thought this would be a good time to take a brief look at where the funding goes. The National MS Society has the largest budget BY FAR and contributes the greatest amount of funds to MS Research. (click on boxes for larger images)



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The Multiple Sclerosis Association of America and the Multiple Sclerosis Foundation are service-oriented organizations and do not contribute to MS Research. They both have great programs to assist patients with specific needs.



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The Myelin Repair Foundation and the Nancy Davis Foundation contribute their funds exclusively to MS Research. The Myelin Repair Foundation spent $665,553 for administrative and fundraising costs, while the Nancy Davis Foundation spent $814,151 for the same.



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The Accelerated Cure Project and the Montel Williams MS Foundation contribute funds to education, awareness and MS Research. Neither organization provides financial assistance to patients, however the Accelerated Cure Project makes a great deal of information available to patients through their website, news forum, and extensive database.



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The numbers presented above come from the Fiscal Year 2007 which ends on September 30, 2008 in most cases. Fiscal Year 2008 has yet to end.
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6 comments:

  1. Extremely ThrillingApril 22, 2009 at 9:16 PM

    Very interesting!

    ReplyDelete
  2. awbApril 22, 2009 at 10:00 PM

    The Davis family must be in the administration of the foundation, 22 %, wow!

    ReplyDelete
  3. Lisa EmrichApril 22, 2009 at 10:29 PM

    Andy,

    That would be my first thought too. Nancy Davis is the President and is compensated $150,000 + $30,936 for employee benefit plans. The other board members Tom Arnold, Teri Garr, Tommy Hilfiger, Montel Williams, and many other are not compensated.

    The Executive Director, Liz Zigal, is compensated $93,750 + $7,764 for employee benefit plans. And the single other employee, an assistant, is paid $42,166 without any further benefit contributions.

    It looks like office rent, parking, telephone service, and postage alone cost about $80,000. Accounting costs $30,477, payroll taxes are $33,422, and other employee benefits $21,536.

    It all adds up quickly enough.

    ReplyDelete
  4. BRAINCHEESEApril 23, 2009 at 3:40 AM

    All I can say is, "DAMN, YOU'RE GOOD!!!"

    I'm nominating YOU for an Obama Cabinet post...

    ReplyDelete
  5. AnonymousApril 23, 2009 at 9:17 AM

    Thanks for the detailed information. It's always good to know where donated money is going and what the various organizations are focusing on.

    ReplyDelete
  6. CathyApril 23, 2009 at 9:42 AM

    In Wisconsin there are currently 10society-funded research projects active with an estimated multi year comittment of more than 6.4 million.

    ReplyDelete

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