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Rating:Fundies Raise Over 350K for a Good Cause Not Rated 3.2 Email Routing List Email & Route  Print Print
Wednesday, June 13, 2007

Fundies Raise Over 350K for a Good Cause

News summary by MFWire's editors

Mutual fund execs can be quite generous when it comes to golfing for a cause. The 13th Annual Mutual Funds Against Cancer (MFAC) "Expect Miracles" Golf Classic presented by JPMorgan Fund Services was attended by over 380 financial executives. The event raised $350,000 for cancer research.

On June 7, 2007, the 13th Annual Mutual Funds Against Cancer (MFAC) "Expect Miracles" Golf Classic presented by JPMorgan Fund Services, hosted over 380 financial executives from some of the top firms in the country raising over $350,000 for cancer research. All funds raised benefit the Center for Applied Cancer Sciences (CACS) at the Dana-Farber Cancer Institute.

MFAC was proud to report over 65 sponsors participated in the event including title sponsor JPMorgan Fund Services. The event grew from 280 golfers in 2006 to over 380 this year. "It was an amazing day to bring the mutual fund industry together as one for an incredible, important cause," stated Frank Strauss, Founder and Chairman of MFAC and principal at Beacon Consulting Group. "This industry is extremely powerful and together we can make a difference in the fight against this deadly disease."

The event took place at Pinehills Golf Club and Waverly Oaks both in Plymouth, MA. After a day of golf the event concluded with a dinner and awards ceremony hosted by John Dennis from WEEI. "The mutual fund industry clearly demonstrated its commitment to helping the fight against cancer. JPMorgan Fund Services is proud to be among MFAC's supporters and a sponsor of this important event," said Lisa Onorato, vice president at JPMorgan Fund Services.

In addition to JPMorgan Fund Services, top firms including Legg Mason, State Street Corp, RR Donnelley, Confluence, GCom2 Solutions, Bridgeway Funds, BISYS, Eaton Vance, Broadridge, Evergreen Investments, Bank of New York, SEI, and Computershare joined MFAC as sponsors for the 2007 season.

To date, MFAC has raised over $1.5 million for cancer research with all proceeds to benefit the Dana-Farber. "A key to the success of Mutual Funds Against Cancer is that we have brought the financial industry together to work in unison for such a critical cause," added Strauss, "MFAC has become "the charity" for the mutual fund industry."

MFAC holds additional fund raising events and initiatives all to raise funds for the innovative new research center, The Center for Applied Cancer Sciences (CACS) at the Dana Farber. CACS is creating a drug discovery and development pipeline for six of the deadliest cancers: colon, pancreas, lung, melanoma (skin), myeloma (blood) and glioblastoma (brain).

Mutual Funds Against Cancer (MFAC) is one of the leading advocates in the fight against cancer within New England's mutual fund and financial industry. Proceeds go to benefit The Center for Applied Cancer Sciences at the Dana-Farber Cancer Institute, one of the leading cancer research and patient care facilities in the world.  

Edited by: Erin Kello

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