PMD Foundation Committed $100,000 to 2-Year Research Grant in 2020 and Other Financial Updates

$66,528 raised this year despite canceling key fundraising events

Board of Directors Treasurer Doug Harter shares his 2020 financial recap:

First of all, thank you for your continued generosity towards the PMD Foundation in 2020! The Foundation took in donations of $66,528 in 2020, which was down 29% from the prior year. This decline can be attributed to the loss of many of our key fundraising events, which were not able to be held as a result of the COVID pandemic.

In 2020 we funded $150,000 towards the Natural History Study and almost $10,000 towards our Virtual PMD Research Symposium.

The Foundation ended the year with cash balances of $221,000 with $100,000 committed for a 2-year research grant and $15,000 remaining on our commitment to the Natural History Study.

Both the Scientific Advisory Board and the Board remain committed to exploring all options in terms of putting the remaining money to work in the near-term to continue to further our mission as a Foundation.