Licr Fund Inc
Licr Fund, inc. Is a supporting organization of the ludwig institute for cancer research ltd ("the institute") and provides grants and/or other assistance to the institute to support the institute's conduct of medical research activities.
Licr Fund Inc at a glance
In short: Licr Fund Inc reported $61.0M in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.
- Grants paid (2024)
- $61,000,000 — reported as a total on the IRS filing, without an itemized list
- -11.6% vs 2023
- Total assets
- $1,936,672,464
- +7.2% vs 2023
- Revenue (2024)
- $79,026,554
- +132.4% vs 2023
- Net investment income (2024)
- $79,002,510
- +132.8% vs 2023
- Expenses (2024)
- $69,041,808
- -10.3% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Licr Fund Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $500K–1M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $750K (2020) to $76.0M (2022). In 2024 it reported $61.0M in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Harvard Medical School Boston, MA | Cancer Research | $750,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,936,672,464 | $79,026,554 | $69,041,808 | $61,000,000 | Total only | $79,002,510 |
| 2023 | $1,806,261,123 | $34,011,187 | $76,939,694 | $69,000,000 | Total only | $33,937,721 |
| 2022 | $1,719,889,219 | $69,314,681 | $83,766,381 | $76,000,000 | Total only | $69,267,490 |
| 2021 | $2,137,247,231 | $149,523,718 | $52,183,278 | $45,000,000 | Total only | $149,477,916 |
| 2020 | $1,976,999,136 | $86,965,441 | $65,784,291 | $750,000 | 1 | $86,918,837 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Licr Fund Inc
Based on IRS filings
Licr Fund Inc is a public charity focused on Medical Research, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9B in total assets. In 2024, it reported $61.0M in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $79.0M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Licr Fund Inc is led by Xing Chen, Director, President & CIO since 2024 (on filings since 2020); 8 of 13 officers listed in 2024 are compensated.
Officers on the 2024 filing
Xing Chen
Director, President & CIO
Vice President, CIO & Treasurer → President & CIO, 2021
President & CIO → Director, President & CIO, 2024
On filings since 2020
39 hrs/week
No compensation reported
Edward A. McDermott Jr.
Director & Board Chair
Director & President → Director, 2021
Director → Director & Board Chair, 2024
On filings since 2020
2 hrs/week
$38K (2024)
John L. Notter
Director & Board Chair
Director & Board Chairperson → Director & Board Chair, 2024
On filings since 2020
2 hrs/week
$75K (2020) → $45K (2024)
Alexandra Johnson
Director
On filings since 2020
2 hrs/week
$30K (2020) → $30K (2024)
John D. Gordan III
Director
On filings since 2020
1 hr/week
$30K (2020) → $30K (2024)
Judge Barbara S. Jones
Director
On filings since 2020
2 hrs/week
$30K (2020) → $30K (2024)
Nancy Ellen Davidson
Director
On filings since 2020
2 hrs/week
$30K (2020) → $30K (2024)
Jedd D. Wolchok
Director
On filings since 2023
2 hrs/week
$30K (2023) → $30K (2024)
Nicolas Killen
Director
On filings since 2023
2 hrs/week
$30K (2023) → $30K (2024)
Chi Van Dang
Director
On filings since 2020
2 hrs/week
No compensation reported
Alexander Borissov
Secretary
On filings since 2020
3 hrs/week
No compensation reported
Avantika Patel
Vice President
Assistant Secretary → Vice President, 2021
On filings since 2020
40 hrs/week
No compensation reported
Christopher T. Conroy
Treasurer
Assistant Treasurer → Treasurer, 2021
On filings since 2020
28 hrs/week
No compensation reported
Former officers (2)
- Former: Olivier Dunant (2020–2022) — Director & Vice Chairperson
- Former: Philip A. Pizzo (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $45K, to John L Notter (DIR, Board Chair (End 6/24)). 8 officers or directors reported compensation on that filing.
Frequently asked questions about Licr Fund Inc
How much does Licr Fund Inc give each year?
Licr Fund Inc reported $61.0M in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it reported $69.0M in grants paid.
How large is Licr Fund Inc?
Licr Fund Inc reported $1.9B in total assets on its 2024 IRS Form 990. Its revenue that year was $79.0M.
What is Licr Fund Inc?
Licr Fund Inc is a public charity focused on Medical Research, based in New York, NY. It holds $1.9B in total assets as of 2024.
Where does Licr Fund Inc operate?
Licr Fund Inc has awarded grants in Massachusetts.
What is Licr Fund Inc's EIN?
Licr Fund Inc's EIN (Employer Identification Number) is 13-3573053. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 9, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 9, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Licr Fund Inc's focus areas in our free grants database
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