The research that the Swedish Childhood Cancer Fund finances usually stretches over a long period. In practice, this means that when a research project is approved, we undertake to pay out funds for several years. In order to ensure that we can live up to these commitments, even in periods of reduced donations, some of the assets are managed in various types of financial instruments. To support this asset management, the Swedish Childhood Cancer Fund’s Board has a Finance Committee consisting of the Fund’s chief financial officer and individuals outside the Fund who possess strong knowledge of the capital markets. Over and above that, the Swedish Childhood Cancer Fund seeks to invest with managers that have an express sustainability perspective.
Thorbjörn Larsson, Secretary-General at the Swedish Childhood Cancer Fund, comments on this year’s performance:
“In 2019 we generated SEK 459 million in fundraising, which is a completely unbelievable result. It has never happened before. This is due to the wonderful dedication of our donors and the fact that bequests have developed very strongly compared to budget and to the previous year.”
Allocation within the operations
The majority of the funds we raise are used to finance research into childhood cancer diseases. At the same time, our work providing advisory services and support initiatives to children with cancer and their families, as well as our efforts to increase awareness of childhood cancer, are crucial if we are to achieve our vision. Our fundraising efforts are also an important component of our operations, to which 13 per cent of our donations are allocated. We are extremely careful here to ensure that every cent spent should generate clear value, so that we can do the most possible good for those who truly need it. A total of 5 per cent were used to cover administrative expenses.