The Cystic Fibrosis Foundation, a 501(c)(3) nonprofit organization, has
unrestricted financial reserves of about 12 times its budgeted 2021 expenses.
These reserves are a result of the Foundation’s successful venture philanthropy
model, through which we have raised and invested hundreds of millions of
dollars to help discover and develop breakthrough CF therapies. With this
model, we have received and may receive milestone-based payments, equity
interests, royalties on the net sales of therapies, and/or other forms of
consideration. These funds and any future revenue from our model are reinvested
into the CF Foundation’s mission to cure cystic fibrosis and to provide all
people with CF the opportunity to lead long, fulfilling lives. To obtain a copy of our latest Annual Report, visit https://www.cff.org/About-Us/Reports-and-Financials/, email
info@cff.org or call 1-800-FIGHT-CF.