Form 990, Part VI, Section A, Line 2 |
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. |
Form 990, Part VI, Section A, Line 3 |
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. |
Form 990, Part VI, Section A, Line 7a |
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. |
Form 990, Part VI, Section B, Line 11b |
The draft Form 990 is reviewed and approved by all Trustees prior to being filed with the Internal Revenue Service. |
Form 990, Part VI, Section B, Line 12a |
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 unnecessary. |
Form 990, Part VI, Section B, Line 15 |
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. |
Form 990, Part VI, Section C, Line 19 |
The Trust's Form 990 is available upon request. The Trust makes no other documents available to the public. |