Moffitt Cancer Center is a not-for-profit organization. It is not owned in the traditional sense of private or corporate ownership. As a 501(c)(3) nonprofit, it operates under the guidance of a Board of Directors responsible for its strategic direction and financial oversight. This structure ensures that resources are dedicated to fulfilling the center’s mission of comprehensive cancer care, research, and education.
This non-profit status is crucial for several reasons. It allows the center to reinvest earnings back into its programs, enhancing patient care, supporting cutting-edge research initiatives, and expanding educational opportunities. Furthermore, this status fosters public trust, demonstrating a commitment to serving the community and advancing the fight against cancer rather than pursuing profit. Moffitt’s history reflects this dedication, evolving from its initial establishment in 1981 to its current recognition as a National Cancer Institute-designated Comprehensive Cancer Center, a testament to its commitment to excellence in all aspects of cancer care.
