Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1989.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
65 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990; $272K paid to officers and key staff.
Edward a McDermott JR’s $55K as Individual Trustee is at the 51st percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 7 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Conyers Trust Company (bermuda) Ltd | $41,220 | $52,788 | $48,876 | $46,684 | $57,235 | $45,026 |
| Edward a McDermott JR | $54,960 | $52,788 | $48,876 | $46,684 | $46,116 | $45,296 |
| John L Notter | $54,960 | $52,788 | $48,876 | $46,684 | $46,116 | $45,296 |
| John D Gordan III | $54,960 | $52,788 | $48,876 | $46,684 | $46,116 | $45,296 |
| Dr Jedd D Wolchok | $54,960 | $52,788 | $48,876 | $46,684 | $46,116 | $45,296 |
| Sir John Bell | $54,960 | $52,788 | $48,876 | $23,342 | — | — |
| Sir Derek Roberts | — | — | — | — | $46,116 | $45,296 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
Programs and updates
Oversees cancer research programs and operations for a Swiss institute.
Questions for Licr Charitable Trust
Your first name shows with your question. Licr Charitable Trust answers here, for everyone.
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Oversight of the management Ludwig Institute for Cancer Research Ltd
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $11K | $8K |
| InvestmentsLn 11–13 | $237K | $4.0M |
| Total assetsLn 16 | $248K | $4.0M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $248K | $4.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $275K | $230K | $46K | |
| Management feesLn 11a | $60K | $60K | ||
| Legal feesLn 11b | $12K | $12K | ||
| Accounting feesLn 11c | $17K | $17K | ||
| InsuranceLn 23 | $43K | $34K | $9K | |
| Other expenses (24a–d)Ln 24 | $792 | $0 | $792 | $0 |
| Total functional expensesLn 25 | $409K | $264K | $145K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $280K | $503K | −$223K | $2.9M | 990 PDF |
| FY2024 | $150K | $454K | −$304K | $3.1M | 990 PDF |
| FY2023 | $156K | $477K | −$321K | $3.4M | 990 PDF |
| FY2022 | $393K | $458K | −$65K | $3.8M | 990 PDF |
| FY2021 | $254K | $425K | −$171K | $3.8M | 990 PDF |
| FY2020 Viewing | $4.2M | $409K | $3.8M | $4.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $4,158,922 revenue, 12 lines filed
Part VI · Governance 4 of 5 board members independent, 4 to look at
Part VIII · Statement of revenue $4,158,922 across 12 lines filed
Part IX · Statement of functional expenses $408,574 across 6 lines filed
Part X · Balance sheet $3,998,692 assets, 23 lines filed
Part XI · Reconciliation of net assets $3,998,692 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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