discovery - Fred Hutchinson Cancer Research Center
discovery - Fred Hutchinson Cancer Research Center
discovery - Fred Hutchinson Cancer Research Center
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24<br />
Financial<br />
Summary<br />
OPERATING REVENUES<br />
FISCAL YEAR 2008<br />
n <strong>Research</strong> Grants and Contracts 78%<br />
n Net Contributions 7%<br />
n Investment Income 4%<br />
n Other Income 11%<br />
OPERATING EXPENSES<br />
FISCAL YEAR 2008<br />
n Program Services– <strong>Research</strong> 77%<br />
n Facilities and Administration 21%<br />
n Fundraising 2%<br />
<strong>Fred</strong> <strong>Hutchinson</strong> <strong>Cancer</strong> <strong>Research</strong> <strong>Center</strong><br />
Fiscal Years 2008 and 2007<br />
Revenues and Other Support<br />
(in thousands of dollars)<br />
2008<br />
(Unaudited)<br />
2007<br />
(Audited)<br />
<strong>Research</strong> Grants and Contracts $294,244 $273,621<br />
Net Contributions 27,634 27,669<br />
Investment Income 15,936 20,930<br />
Other Income 43,299 33,990<br />
Total Revenues $381,113 $356,210<br />
Expenses<br />
(in thousands of dollars)<br />
Program Services – <strong>Research</strong> $286,905 $262,755<br />
Facilities and Administration 77,538 73,061<br />
Fundraising 6,861 5,616<br />
Total Expenses $371,304 $341,432<br />
Change in Net Assets from Operations $ 9,809 $ 14,778<br />
Change in Net Assets from Financing Activities – 19,243 8,592<br />
Total Increase/(Decrease) in Net Assets – 9,434 23,370<br />
Net Assets Balance at Beginning of Year 209,676 186,306<br />
Net Assets Balance at End of Year $200,242 $209,676<br />
Thank you for joining us in our mission to eliminate cancer and related<br />
diseases as causes of suffering and death. Private donations like yours<br />
are essential for allowing <strong>Fred</strong> <strong>Hutchinson</strong> <strong>Cancer</strong> <strong>Research</strong> <strong>Center</strong> to<br />
rapidly respond to novel research opportunities that can lead to important<br />
medical breakthroughs.<br />
Financial support from our donors enables us to attract and retain<br />
the world’s top scientists, provide our researchers with state-of-the-art<br />
technology needed to advance their work and launch innovative pilot<br />
projects to explore new ways to eliminate cancer and related diseases.<br />
Private gifts also leverage significant additional investment by allowing<br />
investigators to successfully compete for prestigious foundation grants that<br />
do not cover the full cost of research.<br />
The many accomplishments that keep the <strong>Hutchinson</strong> <strong>Center</strong> at<br />
the forefront of biomedical research could not be achieved without your<br />
generous gifts.<br />
SOURCES OF CONTRIBUTIONS<br />
FISCAL YEAR 2008<br />
n Planned Giving 29%<br />
n Principal/Major Gifts 23%<br />
n Foundation Relations 17%<br />
n Annual Giving 12%<br />
n Special Events 10%<br />
n President’s Circle 8%<br />
n Corporate Relations 1%<br />
USES OF CONTRIBUTIONS<br />
FISCAL YEAR 2008<br />
n Direct <strong>Research</strong> Investments 80%<br />
and Patient Care<br />
n Fundraising Expenses 20%<br />
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