(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Open to Public
Name of the organization
THE MICHAEL J FOX FOUNDATION
FOR PARKINSON'S RESEARCH
Employer identification number
|FORM 990 - PART I, LINE 1 AND PART III, LINE 1:
||ORGANIZATION'S MISSION FINDING THE CURE FOR PARKINSON'S DISEASE TAKES AN ORGANIZATION WITH EXTRAORDINARY VISION. Actor Michael J. Fox established The Michael J. Fox Foundation for Parkinson's Research (the "Foundation"), incorporated in Delaware in 2000, after publicly disclosing in 1998 that he had been diagnosed with Parkinson's disease seven years earlier, at age 29. Today, the Foundation is the world's largest not-for-profit funder of Parkinson's research. It is dedicated to accelerating a cure and improved therapies for the estimated six million people worldwide living with Parkinson's disease today. The Foundation pursues its goals through an aggressively funded, highly targeted research program, coupled with the active global engagement of scientists, Parkinson's patients and care partners, business leaders, clinical-trial participants and donors. In addition to funding more than $1 billion in research programs through the end of December 31, 2020, the Foundation has fundamentally altered the trajectory of progress towards a cure. Positioned at the global hub of Parkinson's research, the Foundation: (i) forges groundbreaking collaborations with industry leaders, academic scientists and government research funders; (ii) leverages new technologies to amplify the patient voice in Parkinson's research; (iii) mobilizes patients and loved ones to increase the flow of participants into clinical trials; and (iv) coordinates community engagement efforts including patient policy advocacy, education and community building through the grassroots involvement of thousands of Team Fox members around the world. From inception, the Foundation has invested in high-risk, high-reward research targets - an approach that in a few short years has transformed the field of Parkinson's disease research. The Foundation partners with the Parkinson's research community, speeding financial and intellectual resources to the scientists who are carrying out projects with the greatest promise to impact patients' lives in the near term. This includes strengthening the Parkinson's drug development pipeline by pushing forward investigations of genetic and other emerging targets with the best chance of stopping or slowing Parkinson's disease progression, as well as by addressing patients' unmet symptomatic needs. To date, the Foundation has evaluated work on more than 600 therapeutic targets, and has supported more than 125 clinical trials.
|Part VI, Section B, Line 2
||BOARD MEMBER RELATIONSHIPS: Two board members are in-laws and two sets of board members are married. Part VI, Section B, Line 11B Process for Review of Form 990: The Finance Committee of the Board of Directors, in association with external auditors, approves the annual IRS Form 990 which is then made available to the entire Board before it is filed. Part VI, Section B, Line 12C Conflict-of-Interest Policy monitoring: Officers, directors and key employees complete a conflict-of-interest questionnaire annually. The information is reviewed by corporate officers and conflicts are reviewed with the Board of Directors. Part VI, Section B, Line 15A & 15B PROCESS FOR DETERMINING COMPENSATION: The Compensation Committee of the Board of Directors reviews and approves compensation of officers and key employees annually. Part VI, Section C, Line 19 Governing documents are available upon request. The Conflict-of-interest policy is available upon request. The consolidated financial statements are available at www.michaeljfox.org. Part XI, line 9 Other changes in net assets: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT $ 149,961 RETURNED GRANTS 972,295 REFUNDED GRANT(INCLUDED WITH INCOME ON FS) 1,080,000 ----------- $ 2,202,256
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2020