Liabilities / Assets
74th percentile
Tied with the lowest-debt nonprofits in its peer group.
990 • Fiscal year 2020 • EIN 98-6039547
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
74th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
71st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
90th percentile
Higher net margin than 90% of similar nonprofits.
Top Officer Pay
100th percentile
Higher top officer pay than 100% of similar nonprofits.
Top officer pay equals 23.8% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
Assets
Up$3,998,692
Up $3,750,348 (+1510%) from 2019
Net Assets
Up$3,998,692
Up $3,750,348 (+1510%) from 2019
Liabilities
Flat$0
Flat from 2019
Revenue
Up$4,158,922
Up $3,959,238 (+1983%) from 2019
Expenses
Up$408,574
Up $22,121 (+5.7%) from 2019
Net Income
Up$3,750,348
Up $3,937,117 (+2108%) from 2019
The organization is a Bermudian trust whose mission is to operate in connection with the Ludwig Institute for Cancer Research Ltd ("the Institute"), a Swiss not-for-profit organization, by maintaining oversight of the management of the Institute's programs and operations.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $236,965 | $3,990,446 | ▲ $3,753,481 |
| Savings and Temporary Cash Investments | $11,379 | $8,246 | ▼ $3,133 |
| Cash and Non-Interest-Bearing Accounts | $0 | $0 | → $0 |
| Accounts Receivable | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Land, Buildings, and Equipment, Net | $0 | - | - |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Prepaid Expenses and Deferred Charges | $0 | $0 | → $0 |
| Total Assets | $248,344 | $3,998,692 | ▲ $3,750,348 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $0 | $0 | → $0 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Other Liabilities | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $248,344 | $3,998,692 | ▲ $3,750,348 |
| Net Assets With Donor Restrictions | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $248,344 | $3,998,692 | ▲ $3,750,348 |
| Total Liabilities and Net Assets / Fund Balance | $248,344 | $3,998,692 | ▲ $3,750,348 |
| Name | Title | Base | Other | Total |
|---|---|---|---|---|
| John L Notter | Individual Trustee | $45,296 | $101,135 | $146,431 |
| John D Gordan III | Individual Trustee | $45,296 | $39,956 | $85,252 |
| Dr Jedd D Wolchok | Individual Trustee | $45,296 | - | $45,296 |
| Edward A McDermott Jr | Individual Trustee | $45,296 | $946,323 | $45,296 |
| Sir Derek Roberts | Individual Trustee | $45,296 | - | $45,296 |
| - | Administrative Trustee | $45,026 | - | $45,026 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $275,261 |
| Other Expenses | $133,313 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $229,555 | $45,706 | - | $275,261 |
| Fees for Services Management | - | $60,277 | - | $60,277 |
| Insurance | $34,002 | $8,501 | - | $42,503 |
| Fees for Services Accounting | - | $17,400 | - | $17,400 |
| Fees for Services Legal | - | $12,341 | - | $12,341 |
| Other Expenses | $0 | $208 | $0 | $208 |
| Total Functional Expenses | $263,557 | $145,017 | $0 | $408,574 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $415,176 |
| Total Expenses per Audited Statements | $415,176 |
| Total Expenses per Form 990 | $408,574 |
| Expenses Not Reported on Form 990 | $0 |
| Expenses Not Reported on Financial Statements | $-6,602 |
| Other Expense Adjustments | $-6,602 |
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Europe (including Iceland and Greenland) | Program Services | Oversee LICR | 0 | 0 | $45,911 |
| North America (including Canada and Mexico, but not the United States) | - | - | 0 | 0 | $45,706 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
“Three of the five Individual Trustees are also members of the Board of Directors of the Ludwig Institute for Cancer Research Ltd and LICR Fund, Inc.”
“The LICR Charitable Trust ("the Trust") entered into an agreement in 1997 (renewed in 2008) with The Ludwig Group, Inc. ("LGI") whereby LGI provides administrative services to the Trust not otherwise rendered by the Trust's Trustees or its service providers.”
“The organization's governing body comprises six Trustees. The organization's governing trust indenture designates one Trustee, resident in Bermuda, as the "Administrative Trustee" and the other Trustees as "Individual Trustees". Article VIII(F) of the trust indenture confers voting rights on the Individual Trustees only. The five Individual Trustees are the only members of the governing body with the power to vote on all matters that come before the governing body.”
“The draft Form 990 is reviewed and approved by all Trustees prior to being filed with the Internal Revenue Service.”
“The sole programmatic and operational activities of the Trustees of the LICR Charitable Trust ("the Trust") are to maintain oversight and control of the management of the Ludwig Institute for Cancer Research Ltd ("the Institute"), by overseeing and engaging with its Board of Directors. Given the limited scope of the Trustees' activities, certain policies are deemed unncessary.”
“The Trust uses the services of LGI, an administrative services company, as described above in Schedule O for Form 990, Part VI, Section A, Line 3. As such, the Trust does not employ any officers, top management officials, or key employees.”
“The Trust's Form 990 is available upon request. The Trust makes no other documents available to the public.”
“The Trust qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, accordingly, is not subject to federal income tax. The Trust is not subject to tax in Bermuda, where it was established and is legally resident. The Trust recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Income generated from activities unrelated to the Trust's exempt purpose is subject to tax under Internal Revenue Code Section 511. The Trust did not recognize any unrelated business income tax liability for the years ended September 30, 2020 and 2019.”
“During the year, the organization received a contribution of $4,000,000 from LICR Fund, Inc., a related organization which supports the Institute. The contribution will be used to fund operating expenses of the organization.”
“Accrued items.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 0 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | The organization is a Bermudian trust whose mission is to operate in connection with the Ludwig Institute for Cancer Research Ltd ("the Institute"), a Swiss not-for-profit organization, by maintaining oversight of the management of the Institute's programs and operations. |
| IRS990/AllOtherContributionsAmt | 0 | 0 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | Christopher T Conroy |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2124501547 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 666 Third Avenue - 28th Floor |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | New York |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10017 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 45706 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 229555 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 275261 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContriRptFundraisingEventAmt | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 4000000 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 158922 |
| IRS990/CYOtherExpensesAmt | 0 | 133313 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 3750348 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 275261 |
| IRS990/CYTotalExpensesAmt | 0 | 408574 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 4158922 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | Oversight of the management Ludwig Institute for Cancer Research Ltd |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonatedServicesAndUseFcltsAmt | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 263557 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FederatedCampaignsAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 17400 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 17400 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 12341 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 12341 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 60277 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 60277 |
| IRS990/ForeignActivitiesInd | 0 | 1 |
| IRS990/ForeignCountryCd | 0 | BD |
| IRS990/ForeignFinancialAccountInd | 0 | 1 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 47 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 10 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 3 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1 |
| IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt | 0 | Conyers Trust Company (Bermuda) Ltd |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 104651 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Edward A McDermott Jr |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | John L Notter |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | John D Gordan III |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Sir Derek Roberts |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Dr Jedd D Wolchok |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 45296 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 45296 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 45296 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 45296 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 45296 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 45026 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 841672 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 101135 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 39956 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Individual Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Individual Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Individual Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Individual Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Individual Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Administrative Trustee |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1988 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/FundraisingAmt | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 130895 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GovernmentGrantsAmt | 0 | 0 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 0 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 405000 |
| IRS990/GrossReceiptsAmt | 0 | 4433027 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 8501 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 34002 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 42503 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentExpenseAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 28027 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 28027 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 236965 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 3990446 |
| IRS990/IRPDocumentCnt | 0 | 5 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LegalDomicileCountryCd | 0 | BD |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 0 |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 274105 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | The organization is a Bermudian trust whose mission is to operate in connection with the Ludwig Institute for Cancer Research Ltd ("the Institute"), a Swiss not-for-profit organization, by maintaining oversight of the management of the Institute's programs and operations. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 248344 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 3998692 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 130895 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 130895 |
| IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 248344 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3998692 |
| IRS990/NoncashContributionsAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Bank charges |
| IRS990/OtherExpensesGrp/Desc | 1 | Miscellaneous/printing |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 584 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 208 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 584 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 208 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Edward A McDermott Jr |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 199684 |
| IRS990/PYOtherExpensesAmt | 0 | 116297 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | By the terms of the organization's governing documents, its purposes and activities are to operate solely for the benefit of and in connection with the Ludwig Institute for Cancer Research Ltd, ("the Institute"), a public charity recognized by the IRS as a medical research organization described in Section 170(b)(1)(a)(iii) of the Internal Revenue Code, by maintaining oversight of the management of the Institute's programs and operations. To implement this connection between the two organizations, the organization's governing documents provide that, at all times, (i) a majority of the organization's Trustees must also be members of the Institute's Board of Directors and (ii) a Trustee is always Chairperson of the Institute's Board of Directors. To satisfy these requirements, three of the five current voting Trustees also served on the Institute's Board of Directors, and John Notter, a Trustee of the organization, served as Chairperson of the Institute's Board of Directors. In addition, the President and CEO of the Institute, Edward A. McDermott, Jr., was also a Trustee of the Organization. John D. Gordan III was both a Trustee of the organization, and a Member of the Institute's Board, serving as Chairperson of its Audit Committee and a Member of its Compensation and Executive Committees. In addition, the three voting Trustees serving on the Board of the Institute also comprised the majority of the Institute's Executive Committee. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | The Trust qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, accordingly, is not subject to federal income tax. The Trust is not subject to tax in Bermuda, where it was established and is legally resident. The Trust recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Income generated from activities unrelated to the Trust's exempt purpose is subject to tax under Internal Revenue Code Section 511. The Trust did not recognize any unrelated business income tax liability for the years ended September 30, 2020 and 2019. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | During the year, the organization received a contribution of $4,000,000 from LICR Fund, Inc., a related organization which supports the Institute. The contribution will be used to fund operating expenses of the organization. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | Accrued items. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule D, Part X, Line 2 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule D, Part XI, Line 4b |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Schedule D, Part XII, Line 4b |
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| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 1 | North America (including Canada and Mexico, but not the United States) |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt | 0 | Oversee LICR |
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| IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt | 0 | The organization uses the cash method of accounting in order to account for these expenditures. |
| IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule F, Part I, Line 3 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Edward A McDermott Jr |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | Individual Trustee |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 946323 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | Edward A. McDermott, Jr. participated in a supplemental, non-qualified pension retirement plan ("the plan") maintained by The Ludwig Group, Inc. ("LGI"), a related organization of LICR Charitable Trust. The purpose of LGI's supplemental pension plan is to provide certain supplemental benefits to certain select management or highly compensated employees who are participants in the Employee Pension Plan of the Ludwig Group, Inc. All benefits payable under the plan, which is intended to constitute both an unfunded excess benefit plan under Section (3)(36) of Title I of the Employee Retirement Income Security Act of 1974, as amended ("ERISA") and a non-qualified, unfunded deferred compensation plan for a select group of management or highly compensated employees under ERISA, are payable from the general assets of LGI. LGI may establish and fund a trust in order to aid it in providing benefits due under the plan. Within the amount disclosed on Form 990, Part VII, Section A, Line 1(a)(1), Column (F), -$908,622 is attributable to this plan. |
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Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.