PrECOG LLC

Subcontracted Research services - the Foundation disburses funds received through grants, to assist the u.s. national cancer institute-sponsored and approved Research activities of other nonprofit organizations by contracting for the provision of services to enable cancer clinical trials to be completed more quickly, be performed more efficiently, and include an enlarged scope of scientific activities.

Precog, llc is a limited liability company whose sole member is the Foundation and it is a "disregarded entity" for federal income tax purposes. Accordingly, precog's revenue and expenses are reported on this return as revenue and expenses of the Foundation. Precog's certificate of formation provides that it is to be operated "exclusively for charitable, scientific, Research and Education purposes within the meaning of section 501(c)(3) of the internal revenue code." Part 1 line 11.a represents support from a pharmaceutical manufacturer to enable precog to conduct scientific Research, namely the development, sponsorship, and conduct of a clinical Research trial of a new cancer drug, an activity that is within the scope of both the Foundation's and precog's charitable, educational, and scientific purposes.