Cystic Fibrosis Foundation logo

Cystic Fibrosis Foundation

BETHESDA, MD EIN: 13-1930701 Website

The Cystic Fibrosis Foundation is a 501(c)(3) nonprofit organization established in 1955 and headquartered in Bethesda, Maryland. The organization is the world's leader in the search for a cure for cystic fibrosis and serves as a critical funding source for CF research, clinical care, and community support. The Foundation operates over 80 chapters and offices across the United States and funds a network of more than 130 accredited CF care centers.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.0B

+2.1% YoY

Annual Giving

$189.6M

+1.5% YoY

Grant Count

624

-1.4% YoY

Avg Grant Size

$304K

+3.0% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The mission of the Cystic Fibrosis Foundation is to cure cystic fibrosis and to provide all people with CF the opportunity to lead long, fulfilling lives by funding research and drug development, partnering with the CF community, and advancing high-quality, specialized care.

The Foundation's primary focus areas include:

  • Research & Drug Development: Funding innovative research initiatives and therapies to tackle cystic fibrosis from multiple angles
  • Genetic Therapies: Supporting development of genetic therapies with potential to work for any person with CF, regardless of their CFTR mutations
  • Clinical Care: Funding and supporting a network of specialized CF care centers across the United States
  • Community Partnership: Engaging with and supporting the CF community through education, advocacy, and resources

Grantmaking

The Foundation is a major grantmaker in the cystic fibrosis research space. Recent grant activity includes:

Grant Range

**: Typical awards range from $16 to $12,893,328

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Geographic Focus

Where this funder awards grants

The Foundation's grantmaking focuses primarily on California, Ohio, and Pennsylvania, though the organization operates chapters and funds research nationally across the United States.

Grant Distribution by State

49states
+41 more states

Cities

AkronAlbanyAlbuquerqueAllentownAnn ArborAthensAtlantaAugustaAustinBagleyBaltimoreBangorBeavertonBerkeleyBerwynBethesdaBillingsBirminghamBismarckBlacksburg

Financial History

Multi-year comparison from IRS filings

2024 Financial Data:

  • Total Revenue: $356 million
  • Total Expenses: $439 million
  • Total Assets: $4.99 billion
  • Total Liabilities: $293 million

2023 Financial Data:

  • Total Revenue: $292,016,280
  • Total Expenses: $443,404,599
  • Total Assets: $4,885,921,122
  • Number of Employees: 847

The organization maintains a Four-Star rating with a 100% score based on accountability, finance, culture, and community metrics.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$220M$440M$661M$881M20202021202220232024
Metric202420232022
Total Assets$4,986,222,387$4,885,921,122$4,735,058,992
Revenue$355,798,320$292,016,280$248,630,352
Expenses$439,138,919$443,404,599$396,664,114
Qualifying Distributions
Net Investment Income$231,324,892$179,149,610$128,066,687
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$47M$95M$142M$190M609 grants2020619 grants2021599 grants2022633 grants2023624 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Baylor College of Medicine$575KBoard of Regents of the …$443KAscension Seton$395KBoard of Regents of the …$390KBoard of Trustees of the…$377KAtrium Health Foundation$344KBoard of Regents of the …$282KBoard of Regents of the …$224KAugusta University Resea…$220KBoard of Trustees of the…$217K

Grant Size Distribution

250 grants across all recorded years

81<$50K32$50–100K98$100–250K34$250–500K5$500K–1M$1–5M$5M+

Open Grants

24 open opportunities from Cystic Fibrosis Foundation

Show all 24 →

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

  • President and Chief Executive Officer: Michael P. Boyle, MD
  • Board of Trustees Chair: KC Bryan White

Compensation Overview

From 2024 IRS filing

JOHN C MAHLER JR MDCHIEF INVESTMENT OFFICER$1.9MANDREW LEWISMANAGING DIRECTOR, INVESTMENTS$1.4MEARL A LEEMANAGING DIRECTOR, INVESTMENTS$1.2MMICHAEL P BOYLE MDPRESIDENT & CEO$1.1MERIC KOEHRSENMANAGING DIRECTOR, INVESTMENTS$976KIRENA BARISICEVP & CHIEF OPERATING & FINA…$762KJOHN P CLANCY MDSVP, CLINICAL RESEARCH$670KGENTIANA S AROVASMANAGING DIRECTOR, INVESTMEN…$643KALBERT FARO MDChief Medical Officer Beg. 7…$572KMICHAEL B CAVADELSVP, CHIEF LEGAL OFFICER$558KSTEVEn ROWE MDEVP, Chief Scientific Officer$535KBRUCE MARSHALL MDChief Medical Officer Ending…$515KENRIQUE LIN SHIAO PHDPrincipal of Mission Related…$508K

From 2024 filing

NameTitleHoursCompensation
MICHAEL P BOYLE MDPRESIDENT & CEO40$1,054,388
CAROLE B GRIEGO MDTRUSTEE3
DAVID A MOUNTTREASURER5
DODZIE SOGAH PHDTRUSTEE3
DOMINIC J CARUSOTRUSTEE3
ELISE EBERWEINTRUSTEE3
ERIC R OLSON PHDVICE CHAIR5
ERIC SCHNEIDER MDTRUSTEE3
JESSICA H BOYD MDTRUSTEE3
JOHN S WEINBERGEXECUTIVE VICE CHAIR5
KATE O'DONNELLTRUSTEE3
KC BRYAN WHITECHAIR8
LOUIS A DEFALCOVICE CHAIR5
PAUL A MOTENKOTRUSTEE3
ROBERT H NIEHAUSVICE CHAIR5
STEVEN SHAK MDTRUSTEE3
TERESA L ELDERVICE CHAIR5
IRENA BARISICEVP & CHIEF OPERATING & FINANCIAL OFFICER40$761,939
MICHAEL B CAVADELSVP, CHIEF LEGAL OFFICER40$558,135
ALBERT FARO MDChief Medical Officer Beg. 7/1/202440$571,672
BRUCE MARSHALL MDChief Medical Officer Ending 7/1/202440$515,472
JOHN C MAHLER JR MDCHIEF INVESTMENT OFFICER40$1,866,868
JOHN P CLANCY MDSVP, CLINICAL RESEARCH40$669,826
STEVEn ROWE MDEVP, Chief Scientific Officer32$534,655
ANDREW LEWISMANAGING DIRECTOR, INVESTMENTS40$1,363,454
EARL A LEEMANAGING DIRECTOR, INVESTMENTS40$1,226,269
ENRIQUE LIN SHIAO PHDPrincipal of Mission Related Investments40$507,691
ERIC KOEHRSENMANAGING DIRECTOR, INVESTMENTS40$976,105
GENTIANA S AROVASMANAGING DIRECTOR, INVESTMENTS OPERATIONS40$642,532

Recent News & Activity

Recent developments and announcements

2026

**FDA Approvals**: The Foundation announced FDA approval for the expansion of two CFTR modulator therapies to additional rare CF mutations (April 2026)

2026

**Advocacy**: The CF community united for the 19th Annual March on the Hill to advocate for affordable, comprehensive care (March 2026)

2026

**Safety Updates**: Important safety updates were added to CFTR modulators' labels (March 2026)

**Drug Development Legacy**: The Foundation has played a major role in the development and use of five FDA-approved therapies, including ivacaftor (Kalydeco) and Trikafta

**Scientific Discovery**: In 1989, scientists working for the Foundation discovered the gene that causes cystic fibrosis

Hara Levy awarded Cystic Fibrosis Foundation grant

Subject Areas

Focus areas based on grantmaking activity

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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