Public Benefit : Fundraising Organizations
Prostate Cancer Foundation
Funding high-impact research to find better treatments and a cure for prostate cancer
This CEO makes 500,000 dollars a year?
Posted by eric11111 | December 21, 2009 5:27:35 AM
Does the CEO of a charity need to take in a half a million dollars?
Why I stopped giving to PCF
Posted by Kendo | May 18, 2009 6:30:08 AM
Jonathan Simons President, CEO $477,500 Leslie Michelson Former Chief Executive Officer $180,306
It's sad that they are collecting tons of money from well-meaning contributors who think they are helping to fight cancer.
My Concerns about the Prostate Cancer Foundation
Posted by paidher | February 23, 2009 6:43:02 AM
I applaud the commitment to finding a cure. However, the facts are simple and easily obtained. Michael Milken, the principle founder of the Prostate Cancer Foundation, is a significant investor in the venture capital industries. Are you aware that Michael Milken founded Proquest Investments, a $1 billion venture capital fund, with a specific investment thesis centered around prostate cancer after founding the Prostate Cancer Foundation? If you review the board members to ProQuest, you will find that six of the seven scientific advisors to ProQuest Investments are executives or member doctors to the Prostate Cancer Foundation. It seems clear that ProQuest Investments operates as a for profit extension of the Prostate Cancer Foundation, a 501(c)(3) designated non-profit.
The Prostate Cancer Foundation (PCF) appears to be a philanthropic charade and no more than a sophisticated network for insider trading devised by and perpetuated by Michael Milken. The public contributes to PCF to fund a cure. A small cabal of doctors from PCF sit in review of applications for grants that get awarded by PCF and can then invest in the very best ideas PCF plum. ProQuest Investments operates as a for profit extension of the Prostate Cancer Foundation, a 501(c)(3) designated non-profit. Also alarmingly is the fact that a large amount of the charitable contributions go directly to PCF doctors themselves or their universities.
The amount of control and influence the Michael Milken possesses over prostate cancer community should be cause for great concern when considering the fact that he is not a public official and not accountable to any public oversight committee. Rather, he is a convicted felon accused of systematic manipulation of the financial markets.
Submit your comment
You must be logged in to leave a comment. Log In or Register Now. It's Free!
Once submitted, all comments are final and may not be edited or deleted by the commenter.
Read posting guidelines
Posting Guidelines for Comments
The purpose of this tool is to enable donors to learn from one another by sharing their experiences with a charity or their reaction to information about a charity. This is not a forum to criticize Charity Navigator or its rating system, but you may contact us directly with such critiques.
Once you become a registered user of Charity Navigator, you may post comments, materials and other content (collectively, the "Posts"), but you may not use a false e-mail address, impersonate any other person or otherwise mislead as to the origin of your Posts, or make any Posts which are illegal, obscene, threatening, defamatory, invasive of privacy, infringing of intellectual property rights, or otherwise injurious to third parties or objectionable, or consist of or contain software viruses, political campaigning, commercial solicitation, chain letters, mass mailings, or any form of "spam."
Charity Navigator may monitor and edit or remove any Posts, or ban any user, for any reason or no reason. However, Charity Navigator does not assume any obligation to do so. You may occasionally disagree with a Post, in which case your appropriate course of action is to express your disagreement in a Post of your own, not to demand that Charity Navigator remove the Post or assume any other responsibility.
Posts are not the opinion of Charity Navigator. You agree that Charity Navigator does not endorse the Posts, is not responsible for any Posts, and is not liable for any damages or losses alleged to be caused by the Posts.
You represent and warrant that you own or otherwise control all of the rights to your Posts, that the Posts are accurate, that use of the Posts does not violate this policy and will not cause injury to any person, and that you will indemnify Charity Navigator for all claims resulting from your Posts.
Please note that once submitted, all Posts are final and may not be edited or deleted by you.
Charity Navigator reserves the right to terminate the Post feature at any time without notice.
CEO
Posted by 42Enzo | August 25, 2010 5:56:18 AM
I gues the CEO couldn't live on 500K so they raised his pay to 880K. This seems consistent with Milkin wanting to keep him happy for the reasons articulated above by Kendo.