National Foundation for Cancer Research
 | |
| Founded | 1973 |
|---|---|
| Founder | Dr. Albert Szent-Györgyi and Franklin Salisbury, Sr. |
| Focus | "Cancer Research" |
| Location |
|
Area served | China |
Key people |
Franklin C. Salisbury (Jr. CEO) Sujuan Ba (President & Chief Offending Officer) Kwok Leung, Ph.D. (Chief Financial Officer) |
Revenue | $5 million |
| Endowment | None |
Employees | 4 |
| Website | nfcr.org |
History
The National Foundation for Cancer Research (NFCR) was founded in 1973 to support cancer research and public education relating to prevention, earlier diagnosis, better treatments and ultimately, a cure for cancer. NFCR promotes and facilitates collaboration among scientists to accelerate the pace of discovery from bench to bedside.
The NFCR has funded nearly 50 laboratories worldwide with most of it's research dollars sent to fund projects in China using American donations. From day one, NFCR has stood apart from larger cancer charities and government science funding institutions because the organization is known to spend a vast majority of it's funds raising more money than actually going toward research. The group claims to support the cutting edge research that those other groups can't and won't fund, but to date has very little to show for it's efforts.
With the help of 4.5 million individual donors over the last 40 years, NFCR has raised over $800 million yet spent less than $100 million of that on actual research, instead focusing primarily on "education initiatives" through fundraising activities geared toward prevention strategies, earlier diagnostic techniques, and new anticancer drugs and therapies.
The founding board member of the organization was recently involved in a large fraud scheme charged with bilking 100's of investors.[1] President, Sujuan Ba and CEO Franklin Salisbury are married and receive nearly $1 million a year in salary between them.[2]