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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Medical Research Licr Fund Inc.

Licr Fund Inc.

Fiscal year ending 2024. Filed on November 13, 2025.

600 Third Avenue 32nd Floor
New York, New York 10016

Licr Fund Inc. (EIN: 13-3573053) has filed an IRS Form 990 since fiscal year 2018. In its fiscal year 2024 IRS Form 990 filing, Licr Fund Inc., a 501(c)(3) charitable organization, reported compensation for 6 employees. Among the employees shown here, the average compensation is $738,244. The highest compensated employee at Licr Fund Inc. is Xing Chen with fiscal year 2024 compensation of $1,196,997.

Revenue, expenses, and employee compensation

Revenue

$79,026,554

Expenses

$69,041,808

Employee compensation

$262,500
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Xing Chen
Director, President, CIO
$1,196,997
$0 $1,010,543 $186,454
Dr Chi van Dang
Director
$1,180,151
$0 $1,106,568 $73,583
Edward A McDermott Jr
Director, Board Chair (From 7/24)
$670,727
$37,500 $581,427 $51,800
Avantika Patel
Vice President
$640,118
$0 $484,551 $155,567
Christopher T Conroy
Treasurer
$377,929
$0 $251,956 $125,973
Alexander Borissov
Secretary
$363,544
$0 $287,353 $76,191

Benchmark Employee Compensation

Non-Employee Board Members

John L Notter
Director, Board Chair (END 6/24)
$115,317
$45,000 $70,317 No other comp
Dr Jedd D Wolchok
Director
$96,231
$30,000 $66,231 No other comp
John D Gordan III
Director
$96,231
$30,000 $66,231 No other comp
Alexandra Johnson
Director
$41,271
$30,000 $11,271 No other comp
Nicolas Killen
Director
$41,271
$30,000 $11,271 No other comp
Dr Nancy Ellen Davidson
Director
$41,271
$30,000 $11,271 No other comp
Judge Barbara S Jones
Director
$41,271
$30,000 $11,271 No other comp

Contractors

The Ludwig Group Inc.
Administrative
$4,510,722
Silchester International Advisors Ltd.
Portfolio Manager
$347,768
Interactive Brokers LLC
Portfolio Manager
$328,846
Burgundy Asset Management Ltd.
Portfolio Manager
$203,156

Mission Statement

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.

Revisions to this organization profile

November 13, 2025:
2024 Licr Fund Inc. 990 filed
November 14, 2024:
2023 Licr Fund Inc. 990 filed
November 10, 2023:
2022 Licr Fund Inc. 990 filed

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