Komen Sees Significant Drop in 2013 Contributions

“Komen Sees Significant Drop in 2013 Contributions.” Philanthropy News Digest.

Contributions to Dallas-based Susan G. Komen for the Cure fell 22 percent in the twelve months following its decision in January 2012 to stop funding Planned Parenthood affiliates โ€” a decision it subsequently reversed, the Associated Press reports.

Citing audited financial statements (49 pages, PDF) for the fiscal year ending March 30, 2013, Komen spokeswoman Andrea Rader said contributions to the breast cancer charity โ€” including donations and corporate sponsorships โ€” totaled about $128 million, down from $164 million the previous year. Revenue from Race for the Cure and three-day events fell 19 percent, from about $258 million to $208 million, while total revenue, including race fees, contributions, other fundraising, and interest, dropped 18 percent, from $399 million to $325 million. In addition to the Planned Parenthood controversy, Rader attributed the declines to economic uncertainty and competition from other events vying for charity dollars.

The uproar over Komen’s decision to cut funding to Planned Parenthood affiliates resulted in resignations of top officials at the organization’s Dallas headquarters as well as at some regional affiliates. The financial statements showed that founder and CEO Nancy G. Brinker took a $158,700 pay cut in 2012, from $548,700 to $390,000, after she stepped down from her post to chair the global strategy committee.

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