Life Science Cares is a 501(c)(3) public charity founded in 2016 by a consortium of life science executives. Based in Cambridge, Massachusetts, the organization mobilizes the human and financial resources of the life science industry to combat poverty and inequality in its operating communities. The organization operates as a collective effort of life science companies and their employees, providing a platform for corporate partners and individuals to make measurable community impact through grants, volunteering, in-kind donations, and strategic support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.0M
+7.9% YoY
Annual Giving
$5.4M
+4.1% YoY
Grant Count
91
-11.7% YoY
Avg Grant Size
$59K
+17.9% YoY
Mission & Focus Areas
Life Science Cares aims to eliminate the impact of poverty on neighbors in its service areas by supporting nonprofit organizations implementing research-driven solutions across three core focus areas:
Survival: Addressing basic human needs including food security, safe shelter, healthcare, and mental health services. The organization recognizes that without a strong foundation of basic needs, individuals cannot emerge from poverty.
Education: Supporting STEM education, college preparation and success, educational enrichment, and programs that inspire students of all ages. The organization also brings students into life science companies to explore careers in the sector, working to build a diverse future workforce.
Sustainability: Funding organizations focused on job creation, job training, mentorship, and economic opportunity that help vulnerable adults earn a living wage.
The organization also emphasizes health equity through innovative, community-based solutions that improve health outcomes and foster vibrant, resilient communities.
Grantmaking
Life Science Cares has distributed over $4 million in flexible funding to partner nonprofits since its inception in 2016. The organization employs a competitive selection process, with staff, Board of Directors, Boards of Managers, and Grant Review Committees using both quantitative and qualitative criteria to identify nonprofit partners.
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Geographic Focus
Where this funder awards grants
Life Science Cares currently operates in five communities:
- Boston, Massachusetts (Greater Boston area)
- Philadelphia, Pennsylvania
- San Diego, California
- Bay Area, California
- New York
The organization strategically selects communities based on the presence of life science company clusters and identifies areas where thousands of residents are impacted by poverty.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $11,977,275
- Total Revenue: $12.5 million
- Total Expenses: $11.1 million
- Total Liabilities: $1.83 million
- Total Giving: $5,418,494
2023 Financial Data:
- Total Assets: $11,095,745
- Total Revenue: $9,986,155
- Total Expenses: $9,856,770
The organization maintains a 97% rating with a Four-Star designation, reflecting strong accountability and financial management.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,977,275 | $11,095,745 | $9,242,190 |
| Revenue | $12,525,481 | $9,986,155 | $8,643,098 |
| Expenses | $11,120,153 | $9,856,770 | $6,935,202 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $185,787 | $129,579 | $-317 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
3 open opportunities from Life Science Cares Inc
Life Science Cares Bay Area Annual Grantmaking
LIFE SCIENCE CARES INC
Amount
$800,000 - $1,300,000
Deadline
Rolling / Open
Life Science Cares General Grantmaking Program
LIFE SCIENCE CARES INC
Amount
Varies
Deadline
Rolling / Open
Life Science Cares Philadelphia Multi-Year Grantmaking (2025-2028)
LIFE SCIENCE CARES INC
Amount
$600,000
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROB PEREZ | CHAIR | 1 | — |
| MIKE TOMSICEK | TREASURER | 1 | — |
| ABE CEESAY | DIRECTOR | 1 | — |
| ROBERT URBAN | DIRECTOR | 1 | — |
| CYNTHIA MAZAREAS | DIRECTOR | 1 | — |
| NOLAN TOWNSEND | DIRECTOR | 1 | — |
| JEFF HESSEKIEL | DIRECTOR | 1 | — |
| NINA KJELLSON | DIRECTOR | 1 | — |
| TOM DANIEL | DIRECTOR | 1 | — |
| JEFF MARRAZZO | DIRECTOR (UNTIL 11/12/2024) | 1 | — |
| TRISHA MILLICAN | DIRECTOR (UNTIL 11/12/2024) | 1 | — |
| JENNIFER FOX | DIRECTOR (UNTIL 11/12/2024) | 1 | — |
| VIN MILANO | DIRECTOR | 1 | — |
| SEEMA KUMAR | DIRECTOR | 1 | — |
| JIM REDDOCH | DIRECTOR | 1 | — |
| HEIDI ZOD | DIRECTOR | 1 | — |
| CARIN CANALE-THEAKSTON | DIRECTOR | 1 | — |
| DAVID MELVILLE | DIRECTOR | 1 | — |
| SARAH MACDONALD | CLERK & CEO, LSC NATIONAL | 40 | $272,001 |
| AISHA BARO | EXECUTIVE DIRECTOR, BAY AREA | 40 | $268,859 |
| MORGAN BERMAN | EXECUTIVE DIRECTOR, PHILLY | 40 | $206,128 |
| LEANE MARCHESE | INTERIM EXEC. DIRECTOR, BOSTON | 40 | $206,266 |
| YVONNE SPICER | EXEC. DIRECTOR, BOSTON (UNTIL 2024) | 40 | $209,488 |
| ELIZABETH FASSBERG | EXECUTIVE DIRECTOR, NEW YORK | 40 | $183,643 |
Recent News & Activity
Recent developments and announcements
**San Diego:** Life Science Cares San Diego awarded over $1.9 million to local nonprofits working at the forefront of alleviating poverty (January 2025).
Nota de prensa: Life Science Cares San Diego Awards Over $1.9 Million to**New York:** Life Science Cares New York awarded $225,000 to nine metro area nonprofits in its mission to disrupt the cycle of poverty and inequality.
Nota de prensa: Life Science Cares San Diego Awards Over $1.9 Million to**Boston:** Life Science Cares Boston announced new grant awards to ten nonprofits improving health inequities in the Greater Boston area and raised over $500,000 at its 9th Annual Impact Breakfast.
Nota de prensa: Life Science Cares San Diego Awards Over $1.9 Million to**Fundraising:** In September 2021, Life Science Cares organized The Timmerman Traverse, a mountaineering fundraising event in New Hampshire's White Mountains that raised $690,148 from 760 supporters for the organization and its network of anti-poverty nonprofit partners.
Nota de prensa: Life Science Cares San Diego Awards Over $1.9 Million toSubject 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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