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CHARITY REVIEW
Issued: February 2025 Expires: February 2027

Patient Access Network Foundation

Standards Not Met
Standards Not Met
4
(866) 316-7263
1032 15th Street NW, Suite 413
Washington, DC, 20005
https://panfoundation.org/
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Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Patient Access Network Foundation does not meet the following 1 Standards for Charity Accountability:

Standard 4 (Compensated Board Members)
Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.

PAN Foundation does not meet this Standard because:

  • 15 members out of the 15 member board of directors (100%) are compensated directly.
  • The chair of the board is compensated directly.
  • The treasurer of the board is compensated directly.

Patient Access Network Foundation meets the remaining 19 Standards for Charity Accountability.

Stated Purpose:
"to accelerate access to affordable, equitable healthcare through financial assistance, advocacy, and education."

Year, State Incorporated:
2004, DC

The Patient Advocate Network Foundation (PAN Foundation) states that it helps federally and commercially insured people living with life-threatening, chronic, and rare diseases with out-of-pocket costs for their prescribed medications. The organization partners with donors, healthcare providers, and pharmacies to make the medications and treatments available. In addition to funding individuals, PAN Foundation operates FundFinder, a free web application that tracks the status of more than 200 assistance programs that offer funds for specific conditions.

For the year ended December 31, 2023, Patient Access Network Foundation's program expenses were:

Program services: $268,960,814

Total Program Expenses: $268,960,814

Chief Executive
Kevin L. Hagan, President and Chief Executive Officer

Compensation*
$568,188

Chair of the Board
James Dunlop, JD, MD

Chair's Profession / Business Affiliation
Dermatologist and Dermatologic Surgeon, InterMed

Board Size
15

Paid Staff Size
199

*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Radio, Special events, Telemarketing

Fundraising costs were 1% of related contributions. (Related contributions, which totaled $364,186,196, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Patient Access Network Foundation's audited financial statements for the year ended December 31, 2023.

Source of Funds
Contributions $364,186,196
Investment return, net $17,376,137
Other income $62,428
Total Income $381,624,761

Programs: 93% Fundraising: 1% Administrative: 5%

Total Income $381,624,761
Total expenses: $287,861,484
  Program expenses $268,960,814
  Fundraising expenses $3,850,238
  Administrative expenses $15,050,432
  Other expenses $0
Income in Excess of Expenses $93,763,277
Beginning Net Assets $267,425,109
Other Changes In Net Assets $0
Ending Net Assets $361,188,386
Total Liabilities $107,379,690
Total Assets $468,568,076

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance